TUSTIN, CA--(Marketwired - Dec 4, 2015) - Premier Holding Corporation (OTCQB: PRHL) is proud to be listed by The Orange County Business Journal among the fastest grown small public companies in the County in their recent publication. Premier 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. These companies combine to form the company's framework for future expansion and growth in the fields of deregulated power and energy efficiency.
The company was listed as showing an astounding 721% two-year revenue growth, placing it at Number 2 for the entire county in this category.
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CEO and President Randall Letcavage said: "This perfectly complements what I recently reported in a press release made on behalf of Shareholders and interested investors stating Premier is looking forward to continued growth in 2016. As I said then, next year we expect to integrate an Energy Supplier as part of our core companies, further develop and grow E3, and utilize all of the resources and customer base at The Power Company to convert prospects for E3 and our supplier. In the Meantime, The Power Company on its own continues to grow its customer base as well as business and technology development.
Over the next few weeks and months we will be releasing more of our plans and our progress including our work on moving to a senior trading exchange. As we complete our strategy it is incumbent for us to trade on the NASDAQ or a similar senior exchange. We have also contracted with several well-known brokerage/securities firms to move us forward and surround us with professional resources.
If you understand our integrated model and recognize what we have already accomplished (As the OC Business Journal confirms) you can see why we are excited to look ahead. You can also see that over the next few years we have designs on holding 200,000 to 300,000 contracts in our proposed supplier and that, based on $600 per contract, could have an accumulated value in excess of $180,000,000. In this industry it's all about controlling the contracts, and we are setting out to acquire as many contracts as possible in our system.
I further remind everyone, for example, that the deregulation of the telecommunications industry is where many companies benefitted greatly by acquiring customers, and whereby a series of transactions resulted in the smaller players being gobbled up by the bigger players and created the new giants we see today. This phenomenon made a lot of investors and operators very rich throughout this process -- we believe we are looking at a similar story in this industry where customer acquisition will be highly valued and rewarded.
This also builds up our sales model for E3. Many of you may know it is only recently that we have focused on E3 and we are extremely pleased with the results as we have become a preferred vendor for several large organizations and have started to market to our own existing deregulation customers. This side of our business carries much higher margins and profitability, and will be shown to be profitable in this, the first real year of operations."
Letcavage concludes: "We are honored to be recognized by the OC Business Journal for our recent growth, but we believe our best performance lay ahead of us."
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.