Premier Holding Corp. (OTCQB: PRHL) (the "Company"), an energy reseller in deregulated markets and provider of energy efficient solutions, announces continual record-breaking new account acquisition for the month of July by The Power Company, USA, LLC., PRHL's 80% owned entity. Door-to-door residential new account signups, in particular, were impressive as The Power Company posted its best month ever with 3,494 new accounts. The Power Company also reported that it added 390 new residential accounts via its call centers, and also acquired 51 new commercial accounts.
Premier currently has two subsidiaries in the energy sector: First, The Power Company ("TPC”) is a reseller of deregulated energy. TPC has enjoyed strong sales every month of this year, and is still on track to have enrolled over 70,000 residential power contracts and 1,700 commercial contracts by year-end 2014. The second subsidiary is an overall energy efficiency provider. In addition to comprehensive energy efficiency products and services, Energy Efficiency Experts ("E3") boasts proprietary patented technology that has been successfully commercialized for mass distribution.
Premier continues to explore opportunities to become a supplier through application or acquisition/merger with an existing supplier to fulfill its plans for growth. Once completed, the new subsidiary will be a power provider/supplier licensed with the Public Utility Commissions. This subsidiary will allow Premier to leverage the marketing success of energy brokers such as TPC and eventually create new energy efficiency prospects for E3, allowing Premier to further its plan of integration in this sector.
Randall Letcavage, President and CEO of Premier Holding states, “We are thrilled by the continued success of the sales teams at The Power Company, and we appreciate the hard work that attributed to another impressive month of new account growth.” He continued, “At Premier, we are also making significant advancements to becoming a supplier and hope to report material news in the near future that should be a game changer for our Company.”
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: www.prhlcorp.com.
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: www.thepowercompany.com
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.E3energyexperts.com.
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.
SOURCE: Premier Holding Corp.