Premier Holding Corporation (PRHL) Releases Chairman's Letter Updating Recent
Progress Near the End of 2013
The Company Reports Progress on Actions That Could Positively Impact
TUSTIN, CA -- (Marketwired) -- 12/03/13 -- Today Premier Holding
Corporation (OTCQB: PRHL) Chairman and CEO Randall Letcavage is
issuing a second press release as Premier Holding Corp. and its
subsidiaries are involved in numerous transactions and, although they
are not closed as yet, any one of these could significantly impact
As our subsidiaries continue to grow, mature and develop, there have
been recent opportunities and developments.
We are receiving significant interest from institutional investors.
PRHL is in discussions with numerous funding sources that see PRHL
(specifically The Power Company) playing a larger role in the
deregulated energy markets, and up to $50,000,000 is possible
pursuant to or including the sale of energy contracts.
E3 is working with its distributors for approval in utility rebate
programs. One such program could qualify the E-series for a specific
set aside of $50,000,000 or more in rebates. E3 and its E-series
product line have been introduced to a major utility by a well-known
big box retailer.
As we report these potentially game-changing events, we would also
like to comment on today's previous release.
We are proud of our increased revenue recorded in the comparable 2012
period. We are also very excited in building our enterprise value by
the accumulation of Residential and Commercial deregulated Energy
sales contracts, and the overall performance of our subsidiary The
The Power Company (TPC) was acquired by PRHL in February of 2013 and
at that time held approximately 11,000 energy contracts. Today, TPC
has nearly tripled this amount and holds approximately 30,000
residential contracts. We have explained in the past that suppliers
and utilities have paid in excess of $1100 per residential contract.
Even at 75% of this number we believe we have created over $27
million of value for Premier shareholders. Our focus has been to
enhance TPC's marketing infrastructure and then focus on building TPC
by internal growth and through acquisitions. With the launch of NEST
(National Energy Sales Transactor), we are poised for both internal
and external growth. NEST is one of the first energy portals of its
kind that allows seamless and compliant sales of deregulated energy
and provides a vehicle to expand TPC's door-to-door sales and call
With the viral marketing capabilities of NEST we could significantly
and exponentially ramp up sales and the number of contracts held by
TPC (these contracts include approximately 1,200 commercial contracts
which are of much greater book value than the residential accounts).
The aforementioned advancements also stand to benefit PRHL's other
subsidiary: Energy Efficiency Experts (E3).
With E3's extensive product lines, which have higher profit margins,
the synergy should produce a much longer revenue stream and profits
in 2014. While TPC works to reduce its clients' cost of energy, E3
works to reduce their consumption. E3 will be more of a focus for
2014 as the TPC commercial accounts are being introduced to E3.
E3 will offer these existing TPC customers Green Products and
Solutions including innovative state-of-the-art lighting solutions,
such as Energy Efficiency Experts patented E-Series Product line.
E-Series is a Green Solution that has saved Nestle's, Disney, and
other malls, casinos, studios, etc. between 22-30% on lighting costs.
Of the 1,200 TPC commercial clients, over half are candidates for E3,
of which many are good prospects for the E-Series.
As TPC continues to be a marketing machine adding thousands of
residential clients and commercial clients per month, while building
reoccurring income and amassing marketable Energy contacts, E3 has
the benefit of obtaining these prospects with a near zero cost for
Today management believes our energy contracts are worth far more
than our market cap represents. As we continue to service TPC
customers with the products and services of E3 we will focus on
growing profits with higher margin Green Products and solutions, all
while saving our clients a significant amount of money on their
We have exceeded our projections in 2013. We are committed to the
continued growth of TPC as well as the development of E3 on behalf of
Premier Holding Corp. Safe Harbor
This press release contains
certain statements that may include "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects,"
"anticipate," "optimistic," "intend," "will" or other similar
expressions. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of factors, including those discussed in the
Company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to
the Company or persons acting on its behalf are expressly qualified
in their entirety by these factors. Other than as required under
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
About Premier Holding Corporation
The Company provides financial
support and management expertise, which includes access to capital,
financing, legal, insurance, mergers, acquisitions, joint ventures
and management strategies. The Company's mission is to acquire clean
technology companies and/or green products and services that are
accretive and that can be seamlessly integrated and utilize the
overall economics of such products and services for the benefit of
its customers. Through subsidiaries we offer renewable energy
production, energy efficiency products and services to commercial
middle-market companies, Fortune 500 brands, developers and
management companies of large-scale residential developments.
Additional integrated business offerings include direct energy
services as power purchase agreements (PPAs), energy financing and
leasing of generation programs in urban and rural real estate
environments, lighting efficiency systems and refrigeration systems.
For more information visit PRHL Investors Relations:
About The Power Company (TPC)
The Power Company USA, LLC is a
professional energy services firm offering brokerage and consulting
services with a progressive and unique perspective on energy
management based in Chicago, Illinois. Their mission is to assist
companies in reducing and managing their electricity expenses. Their
diverse portfolio of energy providers, transparent pricing, and
unparalleled industry experience offers customers the freedom of
exploring all of their options for choosing the best plan and
provider. Operating in all currently deregulated states, including
Texas, New York and Illinois, TPC and its partners/suppliers have
provided an invaluable service to its clients. Their team has
consulted and/or serviced such prominent companies, organizations and
governmental entities such as: The City of Dallas, Ralcorp, Choice
Hotels, Apex Hospital Systems, Mercedes Dealerships, Leona's
Restaurant Group, McDonald's, and many others. Because of the large
amount of business transacted and their long-standing relationships
with Regional Energy Suppliers, TPC is assured to provide the most
competitive prices in the industry. For more information visit:
About Energy Efficiency Experts (E3)
E3 is an Energy Services
Company (ESCO) formed by PRHL to provide the best of breed solutions
to its clients by utilizing proprietary technologies and high level
industry relationships. By maintaining a "product agnostic" approach,
E3's experts will prescribe the best solution for the unique
circumstances of its clients after careful survey and analysis.
Through its ever-growing acquisitions and alliances, E3 strives to
provide the most current, and fully-vetted solutions in energy
generation and energy reduction technologies, as well as management
tools which capture the client for future opportunities. Recent
acquisitions include Active ES Lighting Controls technology and The
Power Company. Strategic alliances include Orion Energy Systems,
Muni-Fed Energy, Nor Cal Reps, Western Glass and Restoration and
Tinting, and Energy Innovation Enterprises. These alliances further
advance E3's business strategy of providing only those technologies
that have proven themselves in the field in both technical
sophistication/reliability and financial justification. For more
information visit: www.prhlcorp.com.
For more information contact:
Green Arrow Consulting
Premier Holding Corporation
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