Thursday, January 18, 2018

Premier Holding Responds to SEC Complaint, Believes Claims Are Without Merit

Tustin, CA , Dec. 12, 2017 (GLOBE NEWSWIRE) -- Premier Holding Corporation (OTCQB: PRHL), an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries, today responded to the filing of a complaint in federal court in New York by the Securities and Exchange Commission against the Company and Randall Letcavage, PRHL’s Chairman and Chief Executive Officer, alleging that PRHL and Mr. Letcavage as CEO were responsible for a series of transactions with related parties, as well as the valuation of certain assets, designed to mislead investors about the Company’s financial statements between 2012 and 2014.

The Company has reviewed the SEC’s complaint and believes that it is without merit. The Company intends to defend against the claims vigorously, and continues to work closely with its legal counsel and advisors to defend the Company.

About Premier Holding Corporation

Under the corporate motto, "Everything Energy," Premier is an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries. The Company accumulates residential and commercial clients in deregulated markets from all subsidiaries and cross sells energy and energy efficiency products and services, maximizing profit potential and minimizing cost of client procurement. In addition, Premier Holding provides top line management and financial support, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. 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 at www.prhlcorp.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. 

The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.

CONTACT: Contact:
Megan Samson
949 260 8070
[email protected]

Source: NASDAQ