SOURCE: Premier Holding Corporation

October 29, 2013 08:00 ET

Premier Holding Completes Agreement With Lighting Business AEON Green Energy Solutions

Premier's Subsidiary, Energy Efficiency Experts (E3) Further Expands Its Powerful Lighting Solutions Platform

TUSTIN, CA--(Marketwired - Oct 29, 2013) - Premier Holding Corp. (OTCQB: PRHL) today announced that through an exclusive employment agreement it has added the resources, client lists, distributor agreements, and existing business relationships of AEON Green Energy Solutions through its subsidiary, Energy Efficiency Experts ("E3"). With these added resources, E3 continues to expand its Energy Efficient Lighting Solutions Platform. The company moves another step closer in expanding its product offerings and capabilities to provide services to existing E3 customers as well as our 1,000 plus commercial customers that we service today through The Power Company, LLC (Another PRHL Subsidiary). In addition to expanding our LED offerings through AEON this allows the company to provide an introduction and a choice to their customers with our innovative E-Series technology, which is an inexpensive alternative to LED for commercial and industrial applications.

"We are delighted to announce this expansion of resources and addition to our team, our products, services and solutions as we focus on building our 'Everything Energy' business in our Energy Efficiency Experts, Inc. subsidiary (E3)," commented Randall Letcavage, CEO of Premier Holding Corp. "AEON has a proven track record of delivering cost-efficient lighting solutions to an ever-growing client base. With a solid sales channel and expertise in complementary technologies, the addition of Aeon is important to our value proposition of providing energy efficiency solution complements to our Energy Efficiency business model.

"I could not be more excited about joining Premier Holding and E3," said Mr. Tercenio. "Our clients appreciate the greater scope of offerings we can now provide. I have already intensified interest in the E-Series lighting control for HID lighting within my client base and business channels. E3 technology may expand the total size of the deals as we can provide more efficient choices. In addition, our strategic partners have been very enthusiastic about coming on board with E3 and they are actively marketing the technology to their client base. The transition to E3 has been far more rewarding than expected and we expect to introduce $2 million in sales in new business."

About Premier Holding Corporation
Premier Holding's mission is to lower its clients' energy costs and consumption while creating a positive impact on the environment. The Company also intends to acquire clean technology products that can be seamlessly integrated with our existing product lines. Through our 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.

Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Premier Holding's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Premier Holding's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Premier Holding Corp. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Premier Holding Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    Investor Relations Contact:
    Connie Absher
    Premier Holding Corporation
    (949) 260-8070