SOURCE: Premier Holdings Corporation

Premier Holdings Corporation

April 26, 2012 18:26 ET

WEPOWER Ecolutions Signs Exclusive Distribution Agreement With Feng Fa Science and Technology Co. for 750kW Wind Turbines

ALISO VIEJO, CA--(Marketwire - Apr 26, 2012) - WEPOWER Ecolutions Inc. (the "Company"), a wholly owned subsidiary of Premier Holdings Corporation (OTCBB: PRHL), is proud to announce the signing of a Memorandum of Understanding Agreement with Feng Fa Science and Technology Co., Shenzen, China ("SZFF"), for exclusive marketing, sales and distribution throughout the United States and Taiwan, including its 750kW vertical axis wind turbines ("VAWTs").

SZFF's 750kW vertical axis wind turbine is one of the largest VAWTs in the world in renewable energy production. The SZFF 750kW is ideal for low-wind environments, inland real estate and is also environmentally friendly as bird-safe, low decibel noise, no flickering effects and is designed for up to 95mph winds. WEPOWER Ecolutions will be positioning the SZFF VAWTs in the marketplace as an alternative to utility scale horizontal wind turbines which are more costly and more expensive to operate and maintain.

"The primary advantages of the SZFF VAWTs is an affordable and efficient utility scale wind turbine power system for renewable energy which are designed for fast and easy shipping, installation and deployment," said Kevin Donovan, CEO of WEPOWER Ecolutions. "In our agreement, we will also be branding this innovative turbine line as WEPOWER Ecolutions. We are very pleased to have secured this opportunity with SZFF and its associated rights. WEPOWER Ecolutions is truly looking forward to closing sales opportunities for projects that are currently under review in the U.S. and Taiwan markets."

The companies are working on the Definitve Agreement which both parties hope to conclude within the next 90 days, however, this does not prohibit WEPOWER Ecolutions to currently sell and deploy the SZFF VAWTs products.

About WEPOWER Ecolutions Inc.
WEPOWER Ecolutions is a U.S. based "Energy Service Company" (ESCo) in the Los Angeles area, that offers clean energy products and services commercial middle market companies, Fortune 500 brands, developers and management companies of large scale residential developments. WEPOWER Ecolutions business focus is U.S. market with strategic expansion plans in Latin America, Asia and Europe. The core business expects to deliver green solutions, branded specifically by the business as "ecolutions", which include best of class alternative energy technologies, wind turbines, solar power systems, green roofs, smart lighting controls, 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.

About Premier Holding Corp.
Premier Holding Corp. is a Nevada corporation, publicly traded (OTCBB: PRHL) as the Parent Holding Corporation with its first operating subsidiary, WEPOWER Ecolutions Inc. ("WEPOWER Eco"), a Delaware corporation. Premier Holding Corp. provides financial and management expertise which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies and to its current subsidiary WEPOWER Eco and other future subsidiaries. The Company intends to acquire clean technology companies and/or green products and services that are accretive and can be seamlessly integrated into its subsidiary and utilize the overall economics of these products for the benefit of its subsidiary.

Premier Holding Corp. Safe Harbor
This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

About Feng Fa Science and Technology Co.
Feng Fa Science and Technology Co. ("SZFF") was established in 2007 and specializes in medium to large scale vertical axis wind turbine design, engineering and manufacturing. The headquarters for the company is in Shenzen, China and the production facilities are in Qinghai and Shandong provinces in China. The Company has a team of experts in machinery, electrical controls and wind technology. SZFF has successfully developed a series of over ten different vertical axis wind turbines from 100kW to 750kW.