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 the Company
TUSTIN, CA--(Marketwired - Dec 3, 2013) - 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 the company.
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 Power Company.
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 centers.
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 Nestlé'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 client procurement.
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
energy costs.
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 PRHL shareholders.
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:
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.prhlcorp.com.
For more information contact: Green Arrow Consulting
760-698-9632 Connie
Absher Premier Holding Corporation 949-260-8070
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