SOURCE: Premier Holding Corporation

April 02, 2014 08:45 ET

Premier Holding Corporation Announces Record High Quarterly Sales Numbers for The Power Company, USA, LLC

This Industry-Leading Deregulated Power Company More Than Doubles Sales Quarter Over Quarter

TUSTIN, CA--(Marketwired - Apr 2, 2014) - Premier Holding Corporation (OTCQB: PRHL) today announced that its subsidiary, The Power Company, USA, LLC (TPC) set a new sales record, more than doubling its sales from door-to-door residential efforts in Q1 of 2014 vs Q1 of 2013. In the first quarter of 2013, the company completed 2,907 door-to-door residential sales of deregulated power and as of the close of the first quarter this year, that number is an astounding 7,291 new contracts.

TPC has been on the cutting edge of innovation in the deregulated power industry, including their sophisticated sales portal: NEST (National Energy Sales Transactor) enabling rapid, efficient and secure sales transactions of deregulated power. This portal enables sales staff, whether from a computer terminal, a smart phone, or any web browser to access the pertinent information on a particular prospect, including their energy profile, and quickly access the energy options available to them. Then after selecting the best power provider, process the paperwork online in real-time which enables client acquisition in minutes.

President and CEO of Premier, Randall Letcavage stated, "I am extremely proud of our subsidiary TPC. They have overcome many obstacles that can hinder most businesses and not only met our sales goals, but exceeded them. During one of the most brutally cold winters in history, our door to door sales teams drove record sales. As we continue to build our sales organization including expansion into other deregulated states, we have now set higher standards of sales performance." 

Caesar Cardenas, Vice President of Sales at TPC adds: "This accomplishment is especially impressive when you consider the extremely harsh winter we've had in the Midwest. Typically there would be a decline in sales during the winter months. Our door-to-door sales teams braved the coldest of winters, with many days below zero wind chill factor, to achieve sales numbers that would have been impressive under the best of circumstances. Selling well over two times the previous period is a great reflection on our scalability as a company. We are excited that we have started opening offices in other deregulated states."

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.

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

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