Premier Holding Issues Update to Previous Press Release

TUSTIN, CA--(Marketwired - Jun 15, 2016) - Premier Holding Corporation (OTCQB: PRHL), today announced that a release was issued yesterday morning which requires an update; both Premier Holding and Linear Capital have agreed not to move forward with the relationship as described in the release. The companies determined that there may be a conflict with related parties that may have an interest in investing at a future date.

Premier Holding believes it is on solid footing in achieving its business plan and has determined it can finance its near-term growth strategy with its current resources and is in discussions with several investors, and will select a financing strategy and source soon. The company believes it will have significant information to disseminate over the course of the next few weeks detailing progress on this strategy after reviewing all pertinent options.

The companies remain on good terms with each other and are open to work together in the future; but at this time Premier Holding is working independently and in discussions with several investment banks to move forward on strategies announced in prior releases. Premier believes an agreement is imminent and will continue to release this information as it develops.

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.