Pinksheets Penny Stock News - SMHS, TMSH, USOG, ALDA.

M2 PRESSWIRE-January 6, 2011-Stock Pick: Pinksheets Penny Stock News - SMHS, TMSH, USOG, ALDA(C)1994-2011 M2 COMMUNICATIONS

RDATE:06012011

Stockpick.pro brings you all the stock news: Smart Holdings Inc. (SMHS.PK), TimeShare Holdings Inc. (OTCBB: TMSH), United States Oil and Gas Corp (PINKSHEETS: USOG), ALDILA INC. (PINKSHEETS: ALDA)

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Smart Holdings Inc. (SMHS.PK)

MARIETTA, Ga.--(Jan 5)-- Smart Holdings Inc. (SMHS.PK), dba Assurance Group Direct today announced that the National TV test that ran in December for two weeks selling Home Alarm Systems direct to consumers received huge response.

The TV spot offered a completely free alarm system to qualified homeowners who would only need to pay the monitoring fee once installed. The first objective of this TV test was to see if the market could support another alarm company. The leading competitor selling home security spends about $30 million per year in TV according to Patrice Kawas, Media Director for Smart Holdings and Assurance Group Direct.

According to Smart Holdings executives, the test was a huge success generating hundreds of calls with a lead cost averaging under $21 per call during the first week. The lead cost dropped under $16 per call after the second week with the support of internet marketing.

Smart Holdings is planning a new campaign test on or before January 24th and is currently training 2 call centers to handle the volume and go head-to-head in a competitive sales program to help determine the cost per sale.

Smart Holdings initial test results prove there is room for another brand name in security that might be the biggest of them all. For more information on this new revolutionary self-installed Alarm System, go to www.smartholdingsinc.com and click on the security link.

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TimeShare Holdings Inc. (OTCBB: TMSH)

LAS VEGAS, NV -- 01/05/11 -- TimeShare Holdings Inc. (OTCBB: TMSH) The Board of Directors authorized a reduction of Authorized Shares from 300,000,000 to 175,000,000 effective January 1, 2011. This reduction should be reflected on the State of Nevada website in 3-5 business days.

The Board also approved the acquisition of the Research and Development Division of Global Renewable Energy Systems Inc. effective January 1, 2011. The R & D Division is acquired as a wholly owned subsidiary of TimeShare Holdings, Inc. and is renamed to Renewable Energy R&D. The R&D group will be under the direction of Doug Johnson and is expected to continue scientific and technology research, development, and support of the current and future renewable energy projects.

The Board also approved the acquisition of Native American Consulting LLC effective January 1, 2011 which will be renamed to Native American Consulting and will become a wholly owned subsidiary of TimeShare Holdings, Inc. Native American Consulting will be under the direction of Kent Strickler and will continue to development renewable energy projects on Tribal Reservation Lands as well as projects internationally. Mr. Strickler is an enrolled Tribal member of the Confederated Tribes of Siletz Indians of Oregon.

Native American Consulting, with the approval of TimeShare Holdings, Inc. Board, has acquired from Global Renewable Energy Systems Inc. the executed contract dated October 7, 2010 for a turn key 60 MegaWatt Photovoltaic Solar Park to be constructed in the country of Bulgaria. Construction is scheduled to begin in the spring of 2011. More information will be available when negotiations to terminate the confidentiality agreements are concluded.

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United States Oil and Gas Corp (PINKSHEETS: USOG)

AUSTIN, TX -- 01/05/11 -- United States Oil and Gas Corp, listed on the OTCQB (OTCQB: USOG) (PINKSHEETS: USOG), is pleased to announce that it has successfully negotiated the extension of its Promissory Note dated March 3, 2010 by and between USOG and Jeff Turnbull (the "Note"). The Note will now mature on December 31, 2012, rather than December 31, 2010. The Note was issued for the purpose of acquiring Turnbull Oil in May 2009 as a wholly owned operating subsidiary.

CEO Alex Tawse commented, "This extension reflects our good working relationship with Mr. Turnbull and provides added flexibility to eliminate our debt obligations over time. In addition, we expect to consolidate on a tax basis both of our subsidiaries in order to increase the bottom line. This is a great start to the year and a significant event for the Company."

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ALDILA INC. (PINKSHEETS: ALDA)

POWAY, CA -- 01/05/11 -- ALDILA, INC. (OTCQX: ALDA) (PINKSHEETS: ALDA) announced today it acquired substantially all of the assets of Miramar Strategic Ventures, LLC (MSV) used in its Victory Archery line of carbon fiber arrows and related archery products. The transaction closed on December 30, 2010.

Aldila, acting through its subsidiary Aldila Golf Corp., acquired substantially all of Victory Archery, a division of MSV. Included in the purchase were specified equipment, accounts receivable and inventory, as well as other tangible and intangible assets related to the archery line of business. Aldila assumed four contracts relating to sales and marketing activities and will be responsible under those agreements only for post-closing obligations. Aldila assumed no other liabilities in connection with the purchase.

Aldila paid $2.3 million dollars and issued 104,319 shares of unregistered Aldila, Inc. common stock to MSV in payment for the assets.

Aldila will also pay MSV an earn-out payment of 5.0% of any increase in quarterly gross sales (less returns) of archery products, with an annual reconciliation payment to bring the total earn-out payment to 10.0% of the increase above the gross sales (less returns) of archery products compared to the actual gross sales (less returns) in 2010. The earn-out obligation ends for sales after December 31, 2015.

The issuance of the Aldila common shares was exempt under SEC Rule 506. The number of shares was calculated using the average of the closing price on the 20 trading days prior to December 29, 2010 and a value of $500,000, yielding a price of $4.793/share. The shares are not registered, they are "restricted shares" saleable only under SEC Rule 144 or other applicable exemptions, and bear a legend indicating their un-registered status. MSV and Aldila have also agreed the shares may not be transferred prior to January 2, 2012. Aldila has a right of first refusal to re-purchase the shares if MSV desires to sell or transfer the shares.

MSV, Martin Connolly, Tod Boretto and Spinergy, Inc., a Delaware corporation, all entered into non-competition agreements pursuant to which they will not compete, directly or indirectly, with Aldila in the manufacture or sale of carbon fiber arrows and related archery products worldwide for six (6) years after the Closing. Mr. Connolly and Mr. Boretto are key management employees of MSV and, together with Spinergy collectively own 38.33% of that company. Mr. Connolly and Mr. Boretto have also, with MSV's consent, entered into consulting agreements with Aldila to assist in the transition. Aldila and its affiliates, officers and directors, are not related to or associated with MSV, Mr. Connolly nor Mr. Boretto.

Aldila granted MSV a right of first negotiation if Aldila ceases to actively conduct the archery business at any time before December 31, 2015.

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