TUSTIN, CA--(Marketwired - Sep 10, 2013) - Premier Holding Corporation (
"The growth rate that TPC is experiencing is phenomenal and seems unstoppable," Premier's president and CEO, Randall Letcavage, said. "It is becoming almost routine to see the company set a new record month after month."
TPC's previous record was 2,300 new customers set just last month.
"PRHL's acquisition of 80 percent of TPC earlier this year has proven to be a win-win for everyone," he continued. "TPC is trending to over 4,000 residential sales per month by the end of this year, exceeding our original goals."
TPC offers energy efficiency products and services to Fortune 500 brands, commercial middle-market companies, developers and management companies of large-scale residential developments.
TPC's business model capitalizes on the deregulation of energy provided by the National Energy Policy Act of 1992 (NEPA 1992), and TPC designed a proprietary and scalable computer model and system whereby commercial and residential clients can chose from numerous power suppliers to garner the lowest rates and/or structured programs that best suit their needs.
PRHL acquired TPC to complement another of its subsidiaries, Energy Efficiency Experts (E3). The corporate strategy is that once TPC has reduced and/or stabilized the cost of power, the client is then referred to E3, which then focuses on offering these and other clients its vast array of green products and clean tech solutions. Over just the summer, TPC introduced E3 to dozens of clients with potential sales in the millions.
"We continue to be impressed with the rapid growth of TPC sales," continued Randall Letcavage. "Their ability to surpass growth plans has allowed, and required, us to further escalate our strategy to offer their commercial/industrial clients with our additional energy efficient products and services through E3. This is exactly what we set out to do, and we are happy to see it happening faster and bigger than expected."
About Premier Holding Corp. (PRHL)
The Company provides financial oversight and management expertise (which includes green building solutions, clean tech, energy efficiency) and 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, which can be seamlessly integrated, and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries and/or divisions, 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 solar- and wind-powered generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information visit: 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's experts 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.