Premier Holding Corp. Provides Additional Data and Updates for Subsidiary The Power Company
10 Juin 2014 - 2:15PM
Marketwired
Premier Holding Corp. Provides Additional Data and Updates for
Subsidiary The Power Company
TUSTIN, CA--(Marketwired - Jun 10, 2014) - Premier Holding
Corporation (OTCQB: PRHL) today announces the following additional
details regarding its 80% owned subsidiary The Power Company, USA,
LLC (TPC) at www.ThePowerCompany.com, and to provide more clarity
from its announcement last Wednesday:
- TPC achieved record sales to commercials clients. On the
commercial side, industry sales and growth are measured by the
number of Kilowatt hours. Therefore, in last Wednesday's press
release it was announced that The Power Company sold a new company
record 50 million Kilowatt hours in electricity to commercial
clients that included a number of world renowned company
accounts. TPC has over 1,500 commercial
accounts. Analysts commonly measure valuation of a Company's
commercial accounts 5 to 10 times a residential account.
- The Power Company (TPC) contracted about 3,000 new households
in May bringing the total number of residential contracts as of the
end of May to about 45,000 accounts; the highest number in its
history. TPC comfortably projects over 70,000 household
accounts by the end of calendar 2014. Industry comparables and
analysts have shown that companies have sold for a valuation based
on $800 to $1,200 per residential contract.
- TPC services customers as a reseller of utilities in nearly all
of the states that are deregulated. States that currently have
a deregulated utility market include Illinois, New York,
Connecticut, Texas, Delaware, Massachusetts, Maryland, New Jersey,
Ohio, Pennsylvania, and Rhode Island. On the residential side,
TPC draws from a total of about 40 different power suppliers to
help provide its customers low rates.
- On the commercial side, TPC enlisted the services of eight
different power suppliers in the latest month which further
demonstrates the flexibility and strength of its supplier
relationships resulting in providing its clients with the best
rates possible. In addition, TPC provided lower cost natural
gas for a national chain of rehabilitation clinics which shows how
the Company is a complete answer for all energy savings. It
also was successful in landing new accounts in May to power the
common areas for a group of marquee NYC high rises.
- TPC remains on the cutting edge of innovation in this industry
in part to its sophisticated sales portal NEST (National Energy
Sales Transactor) which enables rapid, efficient and secure sales
transactions of deregulated power. This portal enables sales staff,
whether from a computer terminal, a smart phone, or any web browser
to access pertinent information on a particular prospect, including
their energy profile, and quickly access the energy options
available to them. Then after selecting the best power provider,
sales agents can process the paperwork online in real-time which
enables client acquisition in minutes.
- Premier Holding Corp's 100% owned subsidiary Energy Efficiency
Experts (E3) and TPC sales teams have begun to contact TPC's
commercial accounts to offer its proprietary lighting solutions and
other energy efficiency strategies to further lower utility
bills. E3's E-Series Controllers reduce energy
consumption of existing lighting systems by up to 36%, extends lamp
life up to 40% and ballast life up to 200% reducing stress on
landfills, and is 95% recyclable by weight. This lighting
solution is considered an upgrade, not a retrofit.
- Premier Holding still plans to become a power provider once it
gains approval from the Federal Energy Regulatory Commission (FERC)
anticipated later this year. As a supplier, it would book the
customers entire energy supply bill as revenue (estimated to be 8
to 12 times higher than the commission). In addition to the
current revenue to TPC, as the supplier it would also gain the
difference between the wholesale and retail cost of energy so net
profit would be expected to grow 2 to 3 times what is currently
earned.
PRHL's President and CEO Randall Letcavage stated, "Management
at Premier Holding Corp. is focused intently on successfully
managing its growth and improving shareholder value. We
welcome shareholders, interested investors, and industry analysts
to contact us if they have any questions." He added, "We
expect to achieve several milestone developments over the near-term
that will truly show how far we have come over the past year and
where we are headed."
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's mission is 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 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
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.
CONTACT: Connie Absher (949) 260-8070
cabsher@prhlcorp.com
Premier (CE) (USOTC:PRHL)
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