SOURCE: Premier Holding Corporation

May 17, 2013 16:10 ET

PRHL Announces Better Than Expected Growth

TUSTIN, CA--(Marketwired - May 17, 2013) - Thanks to the recent acquisition of The Power Company, Premier Holding Corporation (OTCQB: PRHL) today announced sales post-acquisitions are better than expected. Randall Letcavage, CEO of Premier Holding Corporation, is pleased to report that its subsidiary, The Power Company (TPC), is performing better than expected in its sales efforts, including record sales this month.

Mr. Letcavage stated, "At the time of the acquisition, The Power Company's projections for residential sales were to reach 2,000 residential contracts per month by the third quarter. We are excited that we are ahead of schedule and anticipate 2,000 residential signups in June, and we may even reach that milestone in the month of May." In the month of April, TPC successfully acquired 1,500 new residential clients.

Premier Holding believes that these residential contracts should be valued in the energy markets at between $800 and $1,200 (per residence) as represented by recent contract sales in this industry. TPC had over 14,000 contracts in place at the time of the acquisition in February. By the end of June, TPC expects to have well over 20,000 residential contracts and believes that they could be valued and/or sold for as much as $20,000,000. Mr. Letcavage stated that, "the acquisition of TPC allows us to create rapid value in Premier Holding and this is exactly the growth we expected when we acquired The Power Company. We encourage our shareholders or any future investors to carefully review upcoming audited statements, but at the same time, we expect industry analysts to understand how PRHL is rapidly increasing its value and we believe that it is only a matter of time before this growth is reflected in our share value, stock price and market cap."

The Power Company assists homeowners and renters reduce their electricity and gas costs anywhere from 10 percent to 25 percent. Homeowners in any economic environment, much less challenging ones, are looking to save money. Energy deregulation has become an increasingly popular means to do so. The deregulation of energy has allowed homeowners to choose an alternative energy supplier while still being serviced and billed by their local utility company for their electricity and gas. TPC's unique position in the marketplace allows homeowners to shop and compare multiple energy suppliers to garner the most competitive price.

TPC has recently appointed a number of seasoned call center executives, and is confident that its growth will continue in a consistent upward trend. "We have augmented our recruitment resources to increase the number of residential sale agents in the field, while always adhering to our exemplary sales and marketing quality control standards," said Patrick Farah, managing partner of The Power Company.

In addition to its Residential Division, The Power Company is set to announce its April results of its Commercial Division in the coming days.

About Premier Holding Corp.
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 also intends 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 providers, transparent pricing, and unparalleled industry experience offers customers the freedom of exploring all of their options when it comes to 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 millions of clients. Their team has consulted and/or serviced such prominent companies, organizations and governmental entities such as: The City of Dallas, 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

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.