SOURCE: Premier Holding Corporation

Premier Holding Corporation

June 28, 2016 07:00 ET

Premier Holding Corp. Successfully Implements Note Conversion Campaign

The Company Converts Over $1.2 Million in Debt to Stock in Preparation for Its Planned Up-Listing to a Major Exchange

TUSTIN, CA--(Marketwired - Jun 28, 2016) - Premier Holding Corporation (OTCQB: PRHL), an energy seller and reseller in deregulated markets, announces that it has initiated a campaign for the conversion of its debt and has reached verbal commitments with its noteholders to convert over $1,200,000 in debt to equity through a program designed to improve its balance sheet. The company expects that it will eliminate more than 70% of its outstanding debt through this campaign. This conversion is another step in preparing the company for its strategically planned up listing to a major exchange.

The company is continuing to complete all the steps necessary to prepare for its planned up listing and this achievement signals the company is getting closer to this goal. As each major step is accomplished the company will continue to report it to the public.

PRHL's President and CEO Randall Letcavage stated, "The company is impressed with the confidence displayed by these note-holders, now stockholder in the company. There could not be a more conspicuous vote of confidence by these investors than to convert their notes into stock, which shows they share our belief that it will benefit them in the long term, and it has an immediate benefit to the company in terms of "cleaning up" the balance sheet in preparation for our exciting goals. "

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.

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 athttp://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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