SOURCE: Premier Holdings Corporation

Premier Holdings Corporation

May 02, 2012 07:45 ET

Premier Holding Corp. Appoints Frank Schulte, Solar Industry Pioneer, to Executive Chairman

ALISO VIEJO, CA--(Marketwire - May 2, 2012) - Premier Holding Corp. (OTCBB: PRHL) (the "Company") is proud to announce the appointment of Frank Schulte as the Company's new Executive Chairman of the Board. As Executive Chairman, Frank Schulte will be working closely with the Board and the Executive Management team of the Company, its wholly owned subsidiary, WEPOWER Ecolutions Inc. ("WEPOWER"), an energy service company (ESCO) and integrator of clean energy solutions, and with the Company's clients. WEPOWER will fully utilize Frank Schulte's experience and leadership from the solar PV and renewable energy industries in the areas of project development, finance, operations and management. Frank Schulte was instrumental in creating and developing the solar industry in Germany for over 25 years from its infancy, which then became the model for its expansion of solar PV power systems throughout Europe.

"Frank brings enormous experience, credibility, strategic alliances, investors and funds from the solar and renewable energy industries to Premier Holding Corp. and WEPOWER," said Kevin Donovan, CEO and president of Premier Holding Corp. "It has been a great pleasure and honor getting to know Frank over the past few years. He was our number one candidate to bring on board as our Executive Chairman. With Frank's business model, expertise and industry leading relationships, he will provide our Board and Management team with an advantage in closing new small- to utility-scale solar PV power system projects in North America, Asia, MENA and Europe."

Mr. Frank Schulte is a 25-year seasoned expert in solar PV power plant development, finance, sales, operations and management. Frank was the co-founder and managing partner at Voltaic Network GmbH, Berlin, Germany, specializing in development, finance, operations, management and PE investment into 5 MWp PV solar power plant in Czech Republic from 2010 to present. Previously, Frank was a consultant to the executive board at GeoSol GmbH, Berlin, Germany, which operates PV power plants in Germany, Spain, Italy, Czech Republic, 60 employees and experience of more than 60 MWp solar power parks; 2007-2008. Former General Manager at JÜPO GmbH, Aachen, Germany, which is a manufacturer of logistics components and automotive supplier, 380 employees in Germany and Czech Republic; 2002-2007. Mr. Schulte was the Managing Director of Sales at Shell Solar, Hamburg, Germany, and business development Europe at Shell Solar International, Amsterdam, Netherlands, Manufacturing and sales of solar PV power systems from 1999 to 2001. In 1999, Mr. Schulte sold 100% of the Common Shares of SOTECH GmbH to Shell AG. Mr. Schulte was the Founder, General Manager and Majority Shareholder of SOTECH GmbH, Düsseldorf / Aachen, Germany. SOTECH became the wholesale dealer for BP Solar and Siemens Solar in Germany and nation-wide EPC for turn-key photovoltaic power systems from 1988 to 1999. Mr. Schulte was with the Department of Production Engineering RWTH Aachen University in Research and as academic staff from 1987 to 1988. Mr. Schulte's Educational background: University of Rochester, NY, USA, and Universiteit Nyenrode, Netherlands, Master of Business Administration, 2002. Dual-Degree Executive MBA program. Received Honor as a life-time member in Beta Gamma Sigma. RWTH Aachen University, Germany, Diplom-Ingenieur in 1986 after 5-years running studies at the Faculty of Mechanical Engineering. Mr. Schulte's languages include German, English and Dutch.

About Premier Holding Corp.
The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER. www.premierholdingcorporation.com

About WEPOWER Ecolutions Inc.
WEPOWER is a U.S. energy service company (ESCo) based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, and developers and management companies of large scale residential developments. WEPOWER's business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER's core business expects to deliver green solutions, branded specifically as WEPOWER "ecolutions," which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will include direct energy services as power purchase agreements (PPAs), energy financing and leasing of solar and wind-powered generation programs in urban and rural real estate environments. www.wepowereco.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.