TUSTIN, CA--(Marketwired - Jul 26, 2016) - Premier Holding Corporation (OTCQB: PRHL) today announces that its subsidiary, The Power Company (TPC), has reported an increase in Commercial deregulated power sales of over 125% in the first half of 2016 as compared to the same period in 2015. The company closed more than double the kWh in commercial sales in this period compared with the same period last year. The total value of the contracts increased by over 150%.
Managing Director of TPC, Cheryl Arts, said: "This growth in commercial sales can be attributed to targeting larger, national accounts with longer term contracts. Our commercial contracts are now between 2 and 3 year terms, which locks in the savings for our clients, and provides more stable revenue for the company. For example, one client is a health club group for which we provided a 3 year contract, saving them over $450,000 per year in their energy costs. Another client is a major media marketing company with over 2,000 billing facilities, for whom we helped save over $550,000 per year on their electricity bill. This impressive savings performance is drawing the attention of larger commercial prospects."
Chairman and CEO of Premier, Randall Letcavage, said: "We are seeing the team at TPC scale their operations in all facets of their operations, so it comes as no surprise that the commercial sales team has demonstrated a remarkable growth in such a short time. This increased performance has been achieved even before we have fully implemented our automated sales tool, ESP. We look forward to seeing continued growth from this group in the years to come."
About Premier Holding Corporation
The Company provides financial support and management expertise, which includes access to capital, legal, insurance, and management strategies. The Company's mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through 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, refrigeration systems and smart building technologies. For more information, visit PRHL Investors Relations: www.prhlcorp.com.
About The Power Company (TPC) The Power Company USA, LLC is a professional energy services firm offering brokerage and consulting services with a progressive and unique perspective on energy management based in Chicago, Illinois. Their mission is to assist companies in reducing and managing their electricity expenses. Their diverse portfolio of energy providers, transparent pricing, and unparalleled industry experience offers customers the freedom of exploring all of their options for choosing the best plan and provider. Operating in all currently deregulated states, including Texas, New York and Illinois, TPC and its partners/suppliers have provided an invaluable service to its clients. Their team has consulted and/or serviced such prominent companies, organizations and governmental entities such as: The City of Dallas, Planet Fitness New York, Out Front Media, Ralcorp, Choice Hotels, Apex Hospital Systems, Mercedes Dealerships, Leona's Restaurant Group, McDonald's, and many others. Because of the large amount of business transacted and their long-standing relationships with Regional Energy Suppliers, TPC is assured to provide the most competitive prices in the industry. For more information, visit: www.thepowercompany.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.