NEWPORT BEACH, CA--(Marketwired - May 21, 2013) - This past weekend, Randall Letcavage, chief executive officer of Premier Holding Corp. (
More News on PRHL's Subsidiary, The Power Company USA, LLC
Premier Holding announced that, in addition to its growth in residential accounts, TPC has been garnering commercial clients, as well, saving them a significant amount of money on their electricity costs. Letcavage stated, "The business model of having multiple energy suppliers competing for its clients allows TPC to be objective and work in the best interest of the clients to secure the most advantageous pricing for its customers." The deregulation of energy has allowed businesses to save substantial money on one of their largest expenses.
In April, TPC assisted commercial clients whose energy usage exceeded 8,500,000 kilowatt hours (kWh). From retail businesses to healthcare and franchises, TPC serviced notable clients such as Massage Envy, a national leader of affordable massage and spa services with over 1,000 Massage Envy and Massage Envy Spa locations in the United States. TPC was able to secure fixed electricity rates and successfully reduced the cost of their electricity supply by as much as 33 percent, allowing them to not only benefit from an attractive rate but also to properly budget for their energy costs and take advantage of price protection. Other clients included Popeye's Chicken, which benefited from $25,000 in savings for just six of their locations, and multiple community financial locations.
"TPC continues to save its business clients up to 25 percent on their energy bills. Energy cost savings has a significant impact on the clients' bottom line. With energy costs on the rise, businesses, now more than ever, need assistance in reducing their energy expenditures. TPC helps to secure a fixed rate for its clients, offering protection from market fluctuations and increases, while at the same time, allowing our clients to properly budget for their energy costs," stated Patrick Farah, managing director of PRHL subsidiary, The Power Company.
TPC is also introducing energy efficiency and green products and services to its current and future business clientele to further reduce their energy costs. By working closely with E3-Energy Efficiency Experts, E3 a fully-owned subsidiary of PRHL, The Power Company can offer its clients a cohesive package for energy cost reduction. This highly effective business model reduces the cost of the energy for TPC's clients and also reduces the amount of energy that its clients utilize, resulting in a win-win scenario for the customer. "In most cases, our energy efficiency solutions offer energy usage reduction and upgraded energy efficient products and solutions with no out-of-pocket costs for the client," stated Letcavage.
About Premier Holding Corp. 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 also intends 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 providers, transparent pricing, and unparalleled industry experience offers customers the freedom of exploring all of their options when it comes to 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 millions of clients. Their team has consulted and/or serviced such prominent companies, organizations and governmental entities such as: The City of Dallas, 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.
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 maintaining a "product agnostic" approach, E3's experts will prescribe the best solution for the unique circumstances of its clients after careful surveys and analysis. Through its every-growing alliances, E3 strives to provide the most current, but fully vetting solutions in energy generation and energy reduction technologies; and through its sister company, The Power Company, it will also coordinate with deregulated power in certain regions and through its parent, PRHL, it will provide funding sources which can make a project cash flow positive in month one. By providing "everything energy" to its clients on an on-going basis, E3 will maintain a relationship with its clients in an effort to keep them on the productive edge of technology.
