SOURCE: Premier Holding Corporation

Premier Holding Corporation

March 01, 2016 08:00 ET

Premier Holding Corporation Issues Letter of Intent to Acquire an Energy Company

PRHL Takes the Next Step in Its 2016 Plan to Expand Its Offering to Its Clients

TUSTIN, CA--(Marketwired - Mar 1, 2016) -  Premier Holding Corporation (OTCQB: PRHL) announces that it has issued a non-binding Letter of Intent to acquire outright or acquire the resources of an Illinois-based energy company complementary to our current business operations, and the letter has been accepted. Further information will be forthcoming once all regulatory and other stipulations have been addressed.

Premier Holding already provides a breadth of offerings to its clients through its reseller of deregulated power, The Power Company, and specific high-end energy efficiency products and services through its subsidiary, Energy Efficiency Experts. This new addition will further increase the company's ability to service the energy market and should enable the company to further expand its growing customer base.

It is expected that this new company will be a standalone private company, which will be majority owned by Premier Holding. It will work closely with the other subsidiaries of the corporation, capitalizing on mutual clients and similar interests.

President and CEO of Premier Holding, Randall Letcavage, said, "The public has seen meaningful press releases this year reporting on the progress we have made toward our aggressive goals for 2016. It is still the first quarter and so far we are ahead of our goals. The accepted Letter of Intent and the completion of this acquisition bodes very well for what we anticipate to be a banner year for the company."

About Premier Holding Corporation
Under the corporate motto, "Everything Energy," Premier is an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries. The Company accumulates residential and commercial clients in deregulated markets from all subsidiaries and cross sells energy and energy efficiency products and services, maximizing profit potential and minimizing cost of client procurement. In addition, Premier Holding provides top line management and financial support, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. 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 at 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.

About Energy Efficiency Experts (E3)
E3 is an Energy Services Company (ESCO) and distributor formed by PRHL to provide the best of breed solutions to its clients by utilizing proven products from a large stable of suppliers including proprietary technologies and high level industry relationships. By maintaining a "product agnostic" approach, E3 will prescribe the best solution for the unique circumstances of its clients after careful survey and analysis. The company excels in client service and through its ever-growing acquisitions and alliances, E3 strives to provide the most current, and fully-vetted solutions in energy generation and energy reduction technologies, as well as energy management systems and tools. For more information, visit: www.e3energyexperts.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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