Welcome!

News Feed Item

Premier Holding Corporation Announces a Signed Letter of Intent With PDC Capital Group LLC, to Raise up to 25 Million Dollars

PDC Capital Group LLC (PDC) Expresses Confidence in PRHL's Business Plan and Accomplishments With This Agreement

TUSTIN, CA -- (Marketwired) -- 03/13/14 -- Premier Holding Corporation (OTCQB: PRHL) today announced that it has received a signed Letter of Intent from PDC Capital Group LLC, (PDC) to fund the company up to $25 million. PDC is highly confident that it can raise between $5 million and $25 million in EB5 funds for PRHL utilizing its international resources.

This initial document is based on PDC's preliminary determination that PRHL qualifies for PDC's program for EB5 funding, subject to routine due diligence customary for this type of project.

PRHL has presented PDC with a plan to add a third subsidiary -- a "licensed power supplier" or LPS. The supplier is expected to dramatically increase revenue and have a positive effect on profitability as PRHL, through its subsidiaries, will have the ability to capture more businesses and a larger percentage of the revenue streams from the sale of deregulated power. PRHL's subsidiary, The Power Company (TPC) will provide marketing support to the supplier, however the supplier will also be able to recruit, market and wholesale to other like-kind TPC entities known as brokers or resellers. The combination of distribution i.e. the "LPS," marketing i.e. The Power Company along with the ability to market green and energy-efficient products and services through another PRHL subsidiary, Energy Efficiency Experts, provides PRHL the ability to maximize earnings on a per-client basis and allows each division access to prospects and clients at a minimal cost of garnering a client.

PRHL will be expected to create jobs as part of the funding requirements, and with 1,000 jobs PRHL may be able to obtain the full $25 million. PRHL currently has created over 100 jobs out of one location in Chicago and the funding will allow PRHL to replicate one or more offices in 12 of the other deregulated states (12 - 24 new offices over the next 36 months) in which it chooses to conduct business.

CEO and President of Premier, Randall Letcavage, stated: "We are extremely pleased with the prospect of PDC as a funding partner and are looking forward to creating and keeping jobs in the United States. We believe the PRHL/PCG relationship will allow us to build out a dynamic and sustainable business model that will support our goals of growing our 'Everything Energy' model."

The letter of intent was signed March 8th and allows for 60 days due diligence and additional mutually agreeable terms. PDC plans to market the project in China and other oversees countries in its network. PDC has to date completed 10 EB5 projects. Emilio Francisco CEO of PDC stated, "We are very confident that both PRHL and PDC will make a successful team and that this is just the beginning."

EB5 funding projects are a specialty of PDC. The investor visa category was created by Congress in the Immigration Act of 1990 to encourage the flow of foreign capital into the U.S. economy and to create jobs for U.S. workers. There are 10,000 available visas in the investor visa category annually, 3,000 of which are reserved for foreign investors who want to participate in an investor visa pilot program designed for targeted employment areas. PDC sees the PRHL model as fitting perfectly in this program.

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 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 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 PDC Capital Group, LLC

PDC Capital Group LLC, at its heart is a development company that is specializing in EB-5 investment projects. PDC has successfully completed 10 EB5 transactions. PDC searches out projects that will be successful on a variety of levels. Projects that will be successful for its investors, successful for the community where the project is located, and successful for PDC. From evaluating a project, to construction or build out, to marketing a project, success is simply the bottom line.

PDC Capital Group LLC (PDC) was originally established to acquire, entitle and develop land. They have built a reputation for excellence and professionalism. PDC's methodology has received national acclaim and awards for numerous projects resulting in the firm's expansion into specialties of urban design, new community development, fiscal and environmental analysis, and entitlement strategy. The firm is known for its competence in managing physically and politically complex developments. PDC utilizes ventures and associations for the direction and development of significant projects as part of its development approach. For more information see: http://pdccapitalgroup.com

For more information contact:
Connie Absher
(949) 260-8070

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As enterprises around the world struggle with their digital transformation efforts, many are finding that innovative digital teams are moving much faster than their hidebound IT organizations. Rather than struggling to convince traditional IT to get with the digital program, executives are taking advice from IT research firm Gartner, and encouraging existing IT to continue in their desultory ways. However, many CIOs are realizing the dangers of following Gartner’s advice. The central challenge ...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
Cloud Object Storage is effectively infinitely scalable and boasts the lowest total costs. But cloud SLAs and T&Cs are traditionally optimized for huge customers like Netflix, so applications demanding better confidentiality or higher availability typically can’t reap the benefits of public cloud storage. In his session at 18th Cloud Expo, Don Martin, CTO of Security First Corp, will provide an overview of innovative technologies available today – secret sharing and information dispersal algori...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT's direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
Cloud-based NCLC (No-code/low code) application builder platforms empower everyone in the organization to quickly build applications and executable processes that broaden access, deepen collaboration, and enhance transparency for all team members. Line of business owners (LOBO) and operations managers know best their part of the business and their processes. IT departments are beginning to leverage NCLC platforms to empower and enable LOBOs to lead the innovation, transform the organization, an...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.