SOURCE: Premier Alliance Group, Inc.

Premier Alliance Group, Inc.

May 23, 2012 08:30 ET

Premier Alliance Group, Inc. Prepares for Significant Growth After California Public Utilities Commission Adopts $454 Million in Demand Response Budgets for PG&E, SDG&E and Southern California Edison

CHARLOTTE, NC--(Marketwire - May 23, 2012) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology advisory and consulting services and solutions, today announced that it is poised to take advantage of the growing Demand Response market in California with the Public Utility Commission's April 19th announcement. The CPUC authorized a budget of approximately $192 million for Pacific Gas and Electric (PG&E), $196 million for Southern California Edison (SCE), and $66 million for San Diego Gas and Electric (SDG&E) for Demand Response activities through 2014.

Commissioner Mark J. Ferron, the author of the proposal, said, "Demand response, which is largely behavior based, requires a regular, steady, and purposeful investment in order to be a reliable asset. Our action today affirms our goal of meeting 5 percent of peak demand with price responsive demand response programs, which has large environmental and system benefits and yields large ratepayer savings."

Premiers' Greenhouse division (http://premieralliance.com/solutions) is a qualified service provider of Southern California Edison, SDG&E and PG&E's Auto-DR programs, providing audits, site assessments, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.

"During the past 12 months we've seen firsthand the growth potential of this emerging market as we identified over $5.2 million in Demand Response incentives for SoCal Edison customers," said Rob Davis, Vice President of Energy Services for Premier Alliance. "Now that the PUC has approved additional funds this is a priority and a sustainable growth path for the Energy Division in both existing and expanding markets throughout California."

About Premier Alliance Group, Inc.

Premier Alliance Group, Inc. (OTCBB: PIMO) is a leading provider of business and technology advisory and consulting services. Practice areas of expertise encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting as we assist clients with Risk Management, Compliance, Mergers & Acquisitions, Organizational Effectiveness, Project/Program Management, Information Management, Architecture and Software Development. Premier's Greenhouse division is a leading provider of energy efficiency and sustainable facilities services and solutions. The division designs, engineers and installs solutions and technologies that enable its clients to reduce their energy costs and carbon footprint. Its target markets for energy efficiency solutions include government and military, as well as commercial and industrial markets. Premier Alliance Group is headquartered in Charlotte, NC. For more information, please visit www.premieralliance.com.

Safe Harbor Statement
Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.

Contact Information