LINCOLN CITY, OR (March 17, 2011) — Transglobal Assets, Inc. (OTCQB: TMSH) (PINKSHEETS: TMSH) is pleased to announce that the Company has completed the process of changing its name from TimeShare Holdings, Inc., to Transglobal Assets, Inc. The name change also generated a Cusip number change. The new Cusip number is ‘89366P105.’ The Company stock will continue to trade under the stock symbol ‘TMSH’ (OTCQB: TMSH). The name change reflects the Company’s new global business model and corporate strategy, which is to acquire strategic and undervalued investments across diverse sectors including energy, real estate, manufacturing and technology.
The Company favors ventures with immediate revenues upon completion or that have existing revenues which can respond and grow swiftly with the support of measurable and scalable advertising and marketing efforts. Transglobal and their first Joint Venture partner, Helios of India, are working on the Pilot Project for the Romanian municipality of Acatari to test the patented “Municipal Solid Waste (MSW)-TO-ENERGY SYSTEM.” In addition, the Company has recently signed a purchase agreement to acquire the award-winning Grand Hotel Dimyat, located on the northern Bulgarian coast of the Black Sea in Varna, Bulgaria, as well as a Joint Venture agreement with the Shandong Taishan Real Estate Co., Ltd. to finance, construct and secure the long-term management and operation of the Panlongshanshui Senior Healthy Living Center in Jinan City, Shandong Province, China.
“The Company has entered a new era with a new mission, and so it goes that the Company’s name should reflect our new focus and corporate strategy. We look forward to growing our revenues significantly in the near future as the Company seeks to aggressively invest in key opportunities in markets across the globe. To us, there are no geographic limits,” stated Paul Thompson, Vice President of Investor Relations for Transglobal Assets, Inc.
Transglobal Assets, Inc. is a rapidly evolving global holding corporation strategically poised to build a multi-billion dollar asset base within diverse industries around the world. The Company’s initial emphasis is on Renewable Energy Ventures, Resort and Hospitality Properties, Senior-Related Services, Commercial Real Estate, select Manufacturing, and beyond. To learn more about Transglobal Assets, Inc., please visit: http://www.tmshglobal.com/
Safe Harbor Statement
This news release contains “forward-looking statements” as that term is defined in Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company’s projections regarding Biogas, PV Solar Energy, Wind Energy other alternative energy explorations in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to PV Solar Energy, Wind Energy other alternative energy development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks such as weather conditions uncertainties. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Vice President, Investor Relations
Transglobal Assets, Inc. – USA
Visit us on the web at: www.tmshglobal.com
SOURCE: Transglobal Assets, Inc.