TUSTIN, CA--(Marketwired - May 9, 2016) - Premier Holding Corporation (
The newly acquired supplier puts the company in a position to grow top line revenues 8 - 10 times higher over the next 18 to 24 months as well as increasing profits just by the integration of its current business of reselling or brokering power. Now the company will capture additional profits generated by buying power wholesale and selling at retail through this supplier. This growth does not include the recruitment of outside resellers that we anticipate will sell for the supplier as well. We believe we can provide services beyond the scope of many other suppliers by allowing them access to ESP (Energy Services Portal) which provides an end to end system for selling, tracking and accounting. This proprietary sales portal will streamline sales efforts, enforce compliance, and increase productivity.
PRHL's President and CEO Randall Letcavage stated, "This transaction indicates proof of fulfillment of the corporate mission and strategic plan to provide 'everything energy' to our nationwide clientele. Each customer we acquire adds approximately $500 in enterprise value to the company. We have sold nearly 200,000 customers in recent years through our subsidiaries and with our current marketing machine in place, it is not unreasonable to expect that we can provide energy to 100,000 or more customers over the next 18 months, which could increase our enterprise value by $50,000,000 or more. The completion of this major milestone serves as the 'anchor' for PRHL's business plan to increase revenue and generate profits from all of its various subsidiaries by offering and integrating its entire suite of products and services to its ever expanding database of satisfied customers."
The company expects to use this acquisition as a platform to expand operations and open additional corporate sales offices to support this supplier in four more states within the next 12 to 18 months. These are in addition to existing resellers it expects to recruit.
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.
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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