SOURCE: Premier Holding Corporation

May 24, 2013 14:02 ET

PRHL CEO Randall Letcavage Follows Warren Buffet's Lead

TUSTIN, CA--(Marketwired - May 24, 2013) -  A number of newspapers around the country have picked up a NewsUSA article, "Following Warren Buffet's Lead in Energy Deregulation." The article specifically talks about the team Premier Holding (OTCQB: PRHL) has assembled since chief executive officer Randall Letcavage took the helm in November 2012 and implemented his reorganization plan, which includes notable board members, new personnel, and most importantly, his move into energy deregulation.

With Premier's acquisition of The Power Company USA, LLC, Premier picked up contracts on an estimated 18,000 (eighteen thousand) homes and a company adding 2,000 (two thousand) contracts per month.

The Power Company acquisition puts Premier Holding into a potential $500,000,000 (five-hundred-million dollar) market. Premier Holding through its operating subsidiaries provides an integrated solution. The Power Company saves its commercial and residential clients money and/or locks in longer term rates. The Power Company then sends commercial clients and prospects to Premier's other subsidiary, Energy Efficiency Experts (E3), whereby E3 then markets green energy reduction products, services and solutions to help reduce the power consumption.

Premier, through TPC, has designs on growing the business to over 100,000 (one hundred thousand) residential contracts in the next three years. In today's market, the value of those contracts could exceed $1,000,000,000 (one billion dollars).

For your convenience, here are two links to the NewsUSA article:

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:

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:

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 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.