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
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...