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Broker, LED Provider Sets Growth Strategy After Acquiring Retail Supplier
February 13,2017 Premier Holding Corporation (PRHL) announced that it has completed its previously reported acquisition of retail supplier American Illuminating Company from WWCD, LLC See background on the acquisition here American Illuminating Company does not have any customers, but is licensed in certain jurisdictions "The newly acquired supplier will soon begin supplying power to PRHL's customers," Premier Holding Corporation said Premier Holding Corporation's President and CEO, Randall Letcavage, stated, "The acquisition of an energy supplier serves as the 'anchor' for PRHL's business plan to increase revenue and generate more profits. Our database of past and present customers has grown to well over 200,000 purchasers, and grows by over 5,000 contracts per month due to our more efficient call centers, which contributes to the sales made by our door-to-door sales force. As we begin supplying them power, we can now start directly offering them additional products and services that we could not before, including smart home and smart building technologies. And for our commercial/industrial clients we have even more financing and funding options for them. Altogether, with this completed transaction, we have completed the corporate strategic plan and our mission to provide 'everything energy' to our nationwide clientele." Premier Holding Corporation said that American Illuminating Company would increase its presence in New York, Pennsylvania, Ohio and Connecticut and then expand into the remaining deregulated states
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