TUSTIN, CA--(NewMediaWire - Dec 28, 2015) - Premier Holding
Corporation (OTCQB: PRHL)
owns and operates two subsidiaries: The Power Company (TPC), an
energy reseller, and Energy Efficiency Experts (E3), an ESCO that
markets green products and services.
On December 18, 2015 the company provided notice to shareholders
of a shareholders meeting to be held December 29, 2015 in Costa
Mesa, California. For those who cannot attend this meeting the
company has scheduled its 2016 annual shareholders meeting for
April 10th. Notice and confirmation of that meeting will be sent
early next year.
CEO and President Randall Letcavage reports that in anticipation
of an aggressive 2016 strategic agenda, the Board of Directors has
approved certain measures to allow for more nimble corporate
operations. The first action, which is detailed in two recent 8K
filings, authorizes the issuance of Series B Voting Convertible
Stock. 250,000 shares of this stock was purchased by President/CEO
Letcavage for $70,000 and grants temporary rights for the next
three years, specifically voting rights at 1,000 votes per share.
This allows the company to have a quorum at the upcoming
shareholders meeting, which would be virtually impossible to ensure
without such action.
This also allows the company to move more quickly toward its
strategic plan toward a NASDAQ listing. There is no economic
advantage associated with this purchase. The Series B stock was
purchased at $0.28 per share and after three years will convert to
common stock at four times, making the price per share $0.07, which
is at or greater than the price of the stock on the day of the
transaction. The funds for this transaction come from monies Mr.
Letcavage loaned to the Company.
Mr. Letcavage states that this is a necessary step, which is one
of many, including strengthening the Board of Directors, signing
several broker/dealer agreements, hiring new accounting
professionals and holding our annual shareholders meeting. All of
this is in preparation for the up-listing to a senior exchange. In
addition, the company intends to open offices in New York City and
work with its investment bankers and consultants to make one or
more acquisitions in the area to be able to service several groups
that have relationships with hundreds if not thousands of
properties in New York that are prime candidates for Energy
Efficiency Experts (E3) as well as The Power Company (TPC). In
addition, this action will ensure the company remains on schedule
for establishing the electricity supplier company in Q1 of 2016.
The Supplier is a major piece of the overall strategy of the
company.
About Premier Holding Corporation
Under the corporate motto, "Everything Energy", Premier is an
energy holding company focused on acquiring and integrating energy
companies as synergistic subsidiaries. The Company accumulates
residential and commercial clients in deregulated markets from all
subsidiaries and cross sells energy and energy efficiency products
and services, maximizing profit potential and minimizing cost of
client procurement. In addition, Premier Holding provides top
line management and financial support, which includes access to
capital, financing, legal, insurance, mergers, acquisitions, joint
ventures and management strategies. 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 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
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.