Premier Holding Corporation Announces a Signed Letter of Intent With PDC Capital Group LLC, to Raise up to 25 Million Dollars
March 13 2014 - 1:00PM
Marketwired
Premier Holding Corporation Announces a Signed Letter of Intent
With PDC Capital Group LLC, to Raise up to 25 Million Dollars
PDC Capital Group LLC (PDC) Expresses Confidence in PRHL's
Business Plan and Accomplishments With This Agreement
TUSTIN, CA--(Marketwired - Mar 13, 2014) - Premier Holding
Corporation (OTCQB: PRHL) today announced that it has received a
signed Letter of Intent from PDC Capital Group LLC, (PDC) to fund
the company up to $25 million. PDC is highly confident that it can
raise between $5 million and $25 million in EB5 funds for PRHL
utilizing its international resources.
This initial document is based on PDC's preliminary
determination that PRHL qualifies for PDC's program for EB5
funding, subject to routine due diligence customary for this type
of project.
PRHL has presented PDC with a plan to add a third subsidiary --
a "licensed power supplier" or LPS. The supplier is expected to
dramatically increase revenue and have a positive effect on
profitability as PRHL, through its subsidiaries, will have the
ability to capture more businesses and a larger percentage of the
revenue streams from the sale of deregulated power. PRHL's
subsidiary, The Power Company (TPC) will provide marketing support
to the supplier, however the supplier will also be able to recruit,
market and wholesale to other like-kind TPC entities known as
brokers or resellers. The combination of distribution i.e. the
"LPS," marketing i.e. The Power Company along with the ability to
market green and energy-efficient products and services through
another PRHL subsidiary, Energy Efficiency Experts, provides PRHL
the ability to maximize earnings on a per-client basis and allows
each division access to prospects and clients at a minimal cost of
garnering a client.
PRHL will be expected to create jobs as part of the funding
requirements, and with 1,000 jobs PRHL may be able to obtain the
full $25 million. PRHL currently has created over 100 jobs out of
one location in Chicago and the funding will allow PRHL to
replicate one or more offices in 12 of the other deregulated states
(12 - 24 new offices over the next 36 months) in which it chooses
to conduct business.
CEO and President of Premier, Randall Letcavage, stated: "We are
extremely pleased with the prospect of PDC as a funding partner and
are looking forward to creating and keeping jobs in the United
States. We believe the PRHL/PCG relationship will allow us to build
out a dynamic and sustainable business model that will support our
goals of growing our 'Everything Energy' model."
The letter of intent was signed March 8th and allows for 60 days
due diligence and additional mutually agreeable terms. PDC plans to
market the project in China and other oversees countries in its
network. PDC has to date completed 10 EB5 projects. Emilio
Francisco CEO of PDC stated, "We are very confident that both PRHL
and PDC will make a successful team and that this is just the
beginning."
EB5 funding projects are a specialty of PDC. The investor visa
category was created by Congress in the Immigration Act of 1990 to
encourage the flow of foreign capital into the U.S. economy and to
create jobs for U.S. workers. There are 10,000 available visas in
the investor visa category annually, 3,000 of which are reserved
for foreign investors who want to participate in an investor visa
pilot program designed for targeted employment areas. PDC sees the
PRHL model as fitting perfectly in this program.
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.
About Premier Holding Corporation
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 PDC Capital Group, LLC
PDC Capital Group LLC, at its heart is a development company
that is specializing in EB-5 investment projects. PDC has
successfully completed 10 EB5 transactions. PDC searches out
projects that will be successful on a variety of levels. Projects
that will be successful for its investors, successful for the
community where the project is located, and successful for PDC.
From evaluating a project, to construction or build out, to
marketing a project, success is simply the bottom line.
PDC Capital Group LLC (PDC) was originally established to
acquire, entitle and develop land. They have built a reputation for
excellence and professionalism. PDC's methodology has received
national acclaim and awards for numerous projects resulting in the
firm's expansion into specialties of urban design, new community
development, fiscal and environmental analysis, and entitlement
strategy. The firm is known for its competence in managing
physically and politically complex developments. PDC utilizes
ventures and associations for the direction and development of
significant projects as part of its development approach. For more
information see: http://pdccapitalgroup.com
For more information contact: Connie Absher (949) 260-8070
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