SOURCE: WEPOWER

WEPOWER

July 30, 2012 10:50 ET

Premier Holding Corp. Closes Acquisition of Active ES Lighting Controls, Inc. Key Assets

ALISO VIEJO, CA--(Marketwire - Jul 30, 2012) - Premier Holding Corp. (OTCBB: PRHL) (the "Company") is proud to announce today the closing of an acquisition with Active ES Lighting Controls, Inc. ("AES"), whereby the Company acquired AES's intellectual property including patents, trademarks and website. PRHL's wholly owned subsidiary, WEPOWER Ecolutions Inc. ("WEPOWER"), an energy service company (ESCO) and integrator of clean energy solutions, had previously been a distributor and marketer for AES. With this acquisition, the Company and its WEPOWER subsidiary now have the ability to fully leverage these assets through the Company's new plan for licensing, marketing, sales and global distribution strategies.

The acquired AES patents include technologies that are some of the most energy-efficient lighting control products within the energy efficiency industry, providing reliable, cost-effective solutions, with a typical 25 percent energy lighting savings. Such technologies include the Active ES E-Series™ (energy management modules for commercial and industrial buildings and lighted outdoor media signage), Active ES LiteHawk™ (energy saving lighting controls for strings of street lights and parking lot lights) and Active ES LiteOwl™ (energy saving lighting controls for an individual street light with a standard photocell).

"PRHL is thrilled to have acquired the U.S. and international patents and other intellectual property from AES," stated Kevin Donovan, president and CEO of PRHL. "We're also looking forward to working with Larry Young, James Archdekin and the rest of the brilliant minds at AES in a new way. Our immediate goals are to achieve industry-wide recognition of the AES lighting control technologies for commercial, institutional and municipal adoptions of the technology through sales orders and to establish our manufacturing and expanded sales channels for products based on these technologies. Our near immediate term goals are to vertically integrate the AES lighting control technologies into other complementary energy savings technologies through our licensing business model."

"All of us at Active ES are very pleased with the sale to Premier Holding and the opportunity to be working with the Company," stated Larry Young, president and CEO of AES. "We are extremely optimistic about the potential of success of the Active ES lighting controls with the solid leadership and resources of Premier Holding and WEPOWER Ecolutions."

WEPOWER Ecolutions Energy Savings Advantage Example with Active ES:
Active ES lighting controls allows an end user client to select from a pre-setting range from 10 percent to 36 percent savings in lighting energy consumption based on their environment and performance requirements. For example, a typical warehouse structure drawing 1,100 megawatts annually set to 25 percent savings on an Active ES E-Series lighting control will produce 275 negawatts annually. That's a direct reduction in 6.6 million pounds of carbon dioxide, 11,480 pounds of sulfur dioxide, 19,140 pounds of nitrogen oxide and a conservation of an amazing 6.875 million gallons of fresh water per annum. At a rate of 10 cents per kWh, that's also $27,500 in business sustainability annually. Active ES lighting controls are modular designs that can be repurposed to future facilities, 95 percent recyclable by weight, meets RoHS compliance standards, and all Active ES lighting controls are UL listed.

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. For more information visit Investor Relations at: www.wepowereco.com/prhlcorp

About WEPOWER Ecolutions Inc.
WEPOWER is a U.S. energy service company (ESCO) based in the Los Angeles area that offers 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. 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 delivers green solutions, branded specifically as WEPOWER "ecolutions," which include best-of-class alternative energy technology portfolios in wind turbines, solar PV power systems, green roofs, smart lighting controls, LED lighting, refrigeration systems and filters, battery storage systems, eco-friendly HVAC motors, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its markets. Additional integrated business offerings 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, lighting efficiency systems and refrigeration systems. For more information visit us at: www.wepowereco.com  

About Active ES Lighting Controls, Inc.
A leading California-based provider of innovative lighting power control technology for HID and fluorescent lights, Active ES Lighting Controls successfully provided patented technology to existing HID and certain fluorescent lighting systems internationally. Having offered such exclusive solutions as its E-Series family of controls for a broad range of commercial, industrial, outdoor, municipal, and transportation venues, as well as its LightHawk™ and LiteOwl™ controls for outdoor and street lighting applications, the Active ES products acquired by PRHL are among the most elegant yet energy efficient lighting upgrade options currently available in the market and allow lighting users to enjoy significant reductions in their energy consumption without the high degree of complexity, cost, and risk often associated with modern lighting retrofit strategies. Making some of the most efficient lamps in the world even more efficient, Active ES lighting controls are elegant upgrades to existing lighting systems. www.ActiveES.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.