TMSH TransGlobal Assets Inc (PK)

TimeShare Holdings, Inc., (OTCQB: TMSH) (PINKSHEETS: TMSH) ('TMSH', 'The Company') is pleased to announce the first annual shareholders meeting for TimeShare Holdings, Inc. which will include a proposed company name change. The meeting will occur on Monday, February 28, 2011.

On December 29, 2010, TimeShare Holdings, Inc. acquired the Research and Development Division of Global Renewable Energy Systems and Native American Consulting, LLC which was renamed Native American Consulting. TimeShare Holdings, Inc. has decided to set the date of the annual shareholder's meeting to February 28, 2011.

The February annual meeting will be held at 10 a.m. PST at the new office location at 2137B NW Hwy 101, Lincoln City , OR 97376.

TimeShare Holdings, Inc. has set January 31st, 2011, as the record date for ownership to vote at the upcoming shareholders meeting. TimeShare Holdings, Inc. has also established February 25, 2011, as the deadline for receipt of shareholder proxy votes which will be included in the company's proxy materials for the February annual meeting. Written notice of any shareholder's proposal should be sent to: Corporate Secretary, TimeShare Holdings, Inc., 2137B NW Hwy 101, Lincoln City, OR 97376.

TimeShare Holdings, Inc. Board of Directors has passed a resolution to change the Corporation name from TimeShare Holdings, Inc., to Trans Global Assets, Inc., subject to shareholder approval at the annual shareholders meeting. Once a decision has been made by the shareholders through a majority vote, the paperwork will be filed for the name change. This name change will require a Cusip change which will be effective once all paperwork has been submitted and approved by all regulatory agencies. We will announce the date of change once the company has submitted the change to the Nevada State Secretary, and the Nevada State Secretary has responded with the confirmation of the completed change.

Also the company is anticipating several updates over the next three weeks beginning next week on the progress the company has made on current projects and the new projects and ventures that have been presented to TimeShare Holdings, Inc. "We are very excited and proud of the scale, diversity, and financial significance of the ventures at hand we believe our shareholders will be positively astounded once they are announced," states Paul Thompson, Vice President Investor Relations.

About Timeshare Holdings, Inc ('TMSH'): Timeshare Holdings, Inc., is a global, multi-sector holding company incorporated in the state of Nevada, USA, focused on acquiring undervalued companies in profitable industries such as Renewable Energy, Hospitality, Senior Services, Commercial Real Estate, Manufacturing and other industries.

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

General Inquiries: Paul Thompson Vice President, Investor Relations Timeshare Holdings, Inc. - USA pthompson@tmshglobal.com