SOURCE: Premier Holding Corporation

Premier Holding Corporation

June 01, 2016 07:30 ET

Premier Holding Corporation Partners With Eco Automation to Offer Smart Home and Smart Apartment Technology to Its Hundreds of Thousands of Satisfied Customers

Eco Automation (Eco) Designs and Manufactures the "Eco Smart Energy Meter" a Universal Hub to Make Different Smart Home Technologies Work Together; Premier Signs an Exclusive for a Customized Version for the "Smart Apartment"

TUSTIN, CA--(Marketwired - Jun 1, 2016) -  Premier Holding Corporation (OTCQB: PRHL), announces that it has signed a sales agreement with Eco Automation to offer its smart home technology to their over 200,000 clients of deregulated power which includes exclusivity to offer a customized version of the technology for "Smart Apartments."

Premier has been working closely with the leadership at Eco Automation to develop a unique version of their outstanding Smart Energy Meter technology and adapting it to the unique needs of the apartment environment. President of Eco Automation Michael Murphy, said, "The apartment environment has its own challenges with the tenant and the landlord both needing to be served. Within this environment, security, energy efficiency and durability all require an extra level of sophistication. We believe we may have best features and solution for this special market, thanks to the work we performed together with Premier, and we are impressed with their team in bring us this opportunity."

Eco Automation's universal technology means home/apartment owners no longer need several different apps to control their various connected devices. They can now control everything within one app. Eco helps consumers realize the benefits of smart appliances, connected devices, demand response and dynamic pricing, all while helping consumers optimize their energy spending. Eco's energy management technology allows their clients to better understand and manage electricity use in their home or place of business through their mobile app. The Eco Smart Energy Meter provides the functionality and communications to make this possible. The Hub is backward compatible with nearly all existing smart home technologies such as alarm and security systems, cameras, as well as Google's NEST, Amazon's Eco (Alexa,) Apple's iHome, and other similar technologies.

Premier Holding has signed this agreement through its subsidiary, Energy Efficiency Experts (E3) adding to the extensive offerings E3 provides its customers including LED lighting, lighting controls, building integration technology, etc. This is a major step in the implementation of the overall corporate strategy of offering products and services from one subsidiary of PRHL to another, namely, The Power Company (TPC). This technology will be offered through E3 to the hundreds of thousands of homeowners that have been serviced by TPC for deregulated power.

President and CEO of Premier, Randall Letcavage, adds: "This is another major milestone for the company. We expect the 'Smart Home' and 'Smart Building' industry to take off just like the LED lighting industry has exploded. Aligning with Eco Automation means we can offer even more products and services to our various customers across the subsidiaries, which has been a strategic goal of the company, and this strategy can reduce the cost of acquiring a new customer to nearly zero. This agreement with Eco Automation should have a significant impact on sales to our existing and growing homeowner customers, as well as our commercial/industrial clientele. This agreement will help all of our subsidiaries grow."

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 including LED lighting, energy management systems, smart home technology, and more, 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 www.prhlcorp.com.

About Eco Automation

Eco Automation (Energy Conservation Optimization) is an energy conservation home and office automation company, providing Smart Energy Metering, through an intelligent energy hub (the hardware), our cloud-based service portal and our patent-pending energy alert & activation systems (our software app.) Headquartered in Newport Beach, California, the team at Eco has decades of experience in building innovative and successful companies and this new technology is the culmination of work they have performed in previous companies they founded and grew to great success. For more information, visit: www.ecoautomation.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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