SOURCE: Premier Holding Corporation
ALISO VIEJO, CA--(Marketwire - Sep 4, 2012) - Premier Holding Corp. (OTCBB: PRHL) (the "Company") and through its wholly owned subsidiary, WEPOWER Ecolutions Inc., ("WEPOWER") an energy service company (ESCO) and integrator of clean energy solutions, announced today the signing of a multi-faceted memorandum of understanding with YK America for energy integration projects with the Company's expertise and clean-tech in renewable energy and energy efficiency products for YK America and its global partners. These energy projects include YK America's existing malls and land development sites in the U.S.; Chinamex's retail malls in Mexico; utility-scale solar PV power projects in California, Taiwan and Argentina; and a renewable energy center in Imperial County, California. WEPOWER and YK America have agreed to form WEPOWER Eco Taiwan, LLC, and WEPOWER Eco Asia, LLC, to take advantage of solar, wind and green building projects and capital opportunities in the local markets. Additionally, YK America will invest equity capital into PRHL for up to five percent of the Company's stock.
"We are truly honored and thrilled to have the opportunity to work with YK America and their first-class, proven leadership team, led by Mr. David Lu, to green their retail malls, partners' projects and form companies together in Taiwan and China," said, Kevin Donovan, CEO and president of Premier Holding Corp. "These dynamic projects, including the co-development of the renewable energy center in Southern California and other opportunities with YK America, will provide us with new revenue generation, growth capital and expansion of our global presence."
"WEPOWER Eco is an exciting company with a great depth of expertise in management, green products, services and ecolutions," said David Lu, CEO, YK America International Group. "The formation of our partnership with Premier Holding Corp. and WEPOWER Eco will help us gain greater energy efficiencies while saving money within our mall properties, land developments and add value to our partners' projects and assets. Together, we will achieve our goals and passions across many meaningful projects that will help our environment."
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 PRHL Investors Relations: 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 portfolio 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 YK America International Group
YK America International Group is an international real estate investment and development company. It maintains branch companies strategically located in the United States, Argentina, Taiwan and China. Established in 1968, YK International Group was initially based in Taiwan. In 1984, it expanded to Argentina and other parts of South America. In observance of the U.S. market as the world capital, it opened its U.S. office in Los Angeles in 1989. Since then, it has been providing quality service to its investors in the U.S. with over 30 years of experience in international real estate business. After 10 years of growing, it has consolidated an exceptional relationship with business partners in China, Taiwan, Argentina and the United States. Its cross-continental business network has given it the opportunity to broaden the scope of its business by engaging in international trade and manufacture with subsidiary companies. For more information, visit: http://www.ykamerica.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.