SOURCE: Premier Holding Corporation

Premier Holding Corporation

June 08, 2016 07:30 ET

Premier Holding Corp. Subsidiary, The Power Company, Reports Exceptional Commercial Client Retention

PRHL Subsidiary, The Power Company, Demonstrates Longevity in the Deregulated Power Industry by Maintaining Outstanding Client Retention

TUSTIN, CA--(Marketwired - Jun 8, 2016) - Premier Holding Corporation (OTCQB: PRHL) today announces that its subsidiary, The Power Company (TPC), can report impressive client retention performance entering its 4th year since acquisition.

Sales of the company grew from 11,000 contracts sold at acquisition in early 2013, to an excess of nearly 200,000 residential contract equivalents today. With an exceptional renewal rate, The Power Company demonstrates that it maintains excellent client relations and outstanding service.

One high profile, marquee commercial client, for example, has been a customer entering their 4th year, where TPC secured renewal pricing for three manufacturing and commercial locations on the East Coast. Those three facilities achieved a combined savings of $209,921 per year or $639,763 in savings over the contract term of 36 months. This represents a rate reduction of 26.5% to 32%, depending on the location.

TPC's strength is in the cultivation of strong client relationships. By demonstrating that TPC sits on the same side of the table as its clients, TPC is able to develop close customer relationships, and continues to grow those relationships over a long period of time. By consistently proving its knowledge and expertise in the energy markets, TPC typically secures multi-year contracts with its customers. In addition to the cost savings by securing a fixed, all-inclusive rate for the customer, as importantly, TPC is protecting the customer from market fluctuations and price increases in the future.

Chairman and CEO of Premier, Randall Letcavage, said: "It is one thing to be able to sell contracts in this very competitive environment, and another thing to sell as many as TPC does month after month. To have our customers stay with us year after year, especially commercial clients who are adept at finding the best deals, means our team is doing something very well. This indicates a staying power and integrity second to none in this industry."

About Premier Holding Corporation
The Company provides financial support and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures 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 and refrigeration systems. 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, 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.

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