Premier Holding Announces Its Subsidiary, The Power Company, Sets Another New Record Sales Month
September 10 2013 - 1:06PM
Marketwired
Premier Holding Corporation (OTCQB: PRHL) announced today that its
subsidiary, The Power Company USA, LLC, (TPC), had exceeded its
previous sales record by 30 percent and enrolled over 3,000
residential accounts in August of this year.
"The growth rate that TPC is experiencing is phenomenal and
seems unstoppable," Premier's president and CEO, Randall Letcavage,
said. "It is becoming almost routine to see the company set a new
record month after month."
TPC's previous record was 2,300 new customers set just last
month.
"PRHL's acquisition of 80 percent of TPC earlier this year has
proven to be a win-win for everyone," he continued. "TPC is
trending to over 4,000 residential sales per month by the end of
this year, exceeding our original goals."
TPC offers energy efficiency products and services to Fortune
500 brands, commercial middle-market companies, developers and
management companies of large-scale residential developments.
TPC's business model capitalizes on the deregulation of energy
provided by the National Energy Policy Act of 1992 (NEPA 1992), and
TPC designed a proprietary and scalable computer model and system
whereby commercial and residential clients can chose from numerous
power suppliers to garner the lowest rates and/or structured
programs that best suit their needs.
PRHL acquired TPC to complement another of its subsidiaries,
Energy Efficiency Experts (E3). The corporate strategy is that once
TPC has reduced and/or stabilized the cost of power, the client is
then referred to E3, which then focuses on offering these and other
clients its vast array of green products and clean tech solutions.
Over just the summer, TPC introduced E3 to dozens of clients with
potential sales in the millions.
"We continue to be impressed with the rapid growth of TPC
sales," continued Randall Letcavage. "Their ability to surpass
growth plans has allowed, and required, us to further escalate our
strategy to offer their commercial/industrial clients with our
additional energy efficient products and services through E3. This
is exactly what we set out to do, and we are happy to see it
happening faster and bigger than expected."
About Premier Holding Corp. (PRHL) The
Company provides financial oversight and management expertise
(which includes green building solutions, clean tech, energy
efficiency) and 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, which can be
seamlessly integrated, and utilize the overall economics of such
products and services for the benefit of its customers. Through
subsidiaries and/or divisions, 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 solar- and wind-powered generation programs in urban and
rural real estate environments, lighting efficiency systems and
refrigeration systems. For more information visit:
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 energy providers,
transparent pricing, and unparalleled industry experience offers
customers the freedom of exploring all of their options for
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 its
clients. Their team has consulted and/or serviced such prominent
companies, organizations and governmental entities such as: The
City of Dallas, Ralcorp, 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
About Energy Efficiency Experts
(E3) E3 is an
Energy Services Company (ESCO) formed by PRHL to provide the best
of breed solutions to its clients by utilizing proprietary
technologies and high level industry relationships. By maintaining
a "product agnostic" approach, E3's experts will prescribe the best
solution for the unique circumstances of its clients after careful
survey and analysis. Through its ever-growing acquisitions and
alliances, E3 strives to provide the most current, and fully-vetted
solutions in energy generation and energy reduction technologies,
as well as management tools which capture the client for future
opportunities. Recent acquisitions include Active ES Lighting
Controls technology and The Power Company. Strategic alliances
include Orion Energy Systems, Muni-Fed Energy, Nor Cal Reps,
Western Glass and Restoration and Tinting, and Energy Innovation
Enterprises. These alliances further advance E3's business strategy
of providing only those technologies that have proven themselves in
the field in both technical sophistication/reliability and
financial justification. For more information visit:
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.
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