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Update: Premier Holding Provides Additional Detail on Strategy to Enter Retail Market as Supplier
July 09,2014 Premier Holding Corp., majority owner of broker The Power Company, issued the following news release updating its intent to enter the retail electric market as a load serving supplier called Kratos Power, LLC. Notably, Premier said that Kratos Power, LLC is a "new subsidiary" which will transition to becoming a load-serving supplier, and confirmed that the company has no relation to Kratos Gas & Power, a trade name for United Energy Trading which operates as a retail natural gas supplier in Ohio and Georgia. Also notable is that Premier said that Kratos Power, LLC will initially focus on service in New York, in serving existing clients of other Premier companies providing various non-supply energy services See Premier's full statement below, RetailEnergyX.com disclaims any responsibility for the content of the statement and makes no averment as to its accuracy or statements.
Premier Holding Addresses Notable Response to Planned Entry Into Power Supplier Industry Premier Is Impressed by the Industry Response and Provides Further Details on Its Strategy TUSTIN, CA--(Jul 8, 2014) - Premier Holding Corp. (http://www.prhlcorp.com) (the "Company"), an energy reseller in deregulated markets and provider of energy efficient solutions, today provided additional details on its planned entry into the electrical power industry as an energy supplier. The new subsidiary named Kratos Power, LLC has been formed to support Energy Efficiency Experts (E3), another subsidiary of PRHL. It is a limited liability corporation incorporated in the State of California, but has yet to transition to becoming a supplier. When functional as a supplier, Kratos Power will offer competitively priced electrical power to the existing clients and prospects of E3, who are and will receive efficiency products and services from this subsidiary of PRHL. Kratos Power, LLC should not be confused with Kratos Gas and Power (United Energy Trading dba Kratos Gas & Power, operating as a retail natural gas supplier in Ohio and Georgia), an unaffiliated company with which PRHL has no relations. PRHL is making this move primarily to service its E3 commercial clients that are concentrated in New York. A backlog of commercial prospects and clients has demonstrated the need to have an additional competitive supplier in the New York market. The pace to initiate this strategic plan is on schedule and additional announcements are expected as milestones are reached. For further information, please contact Premier Holding at (949) 260-8070. About Premier Holding Corp. 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.
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