SOURCE: Premier Holding Corporation

Premier Holding Corporation

May 30, 2012 13:02 ET

Retraction of Press Release Dated May 8, 2012: WEPOWER Ecolutions Signs Distribution Agreement With Ciralight Global, Inc.

ALISO VIEJO, CA--(Marketwire - May 30, 2012) - WEPOWER Ecolutions Inc. (the "Company"), a wholly owned subsidiary of Premier Holding Corp. (OTCBB: PRHL), an energy service provider and integrator of clean energy solutions ("WEPOWER"), is retracting the previous press release titled "WEPOWER Ecolutions Signs Ciralight Distribution Agreement May 8, 2012" and rescinding our relationship. This release was distributed due to a miscommunication from the manufacturer, Ciralight Global.

"WEPOWER Ecolutions has a wide array of day-lighting products in which we are providing real energy savings coupled with a financial package to increase our clients net operating income for their facilities," said Kevin Donovan, CEO, WEPOWER Ecolutions Inc.

About WEPOWER Ecolutions Inc.
WEPOWER is a U.S. energy service company (ESCO) based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, and developers and management companies of large scale residential developments. WEPOWER's business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER's core business expects to deliver green solutions, branded specifically as WEPOWER "ecolutions," which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will include direct energy services as power purchase agreements (PPAs), energy financing and leasing of solar and wind-powered generation programs in urban and rural real estate environments. www.wepowereco.com

About Premier Holding Corp.
The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER. www.prhlcorp.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.