ALISO VIEJO, CA--(Marketwire -06/25/12)- Premier Holding Corp. (PRHL) (the "Company") is proud to announce today with its wholly owned subsidiary, WEPOWER Ecolutions Inc., ("WEPOWER") an energy service company (ESCO) and integrator of clean energy solutions, that it sold common stock to six accredited investors for $572,500.
Two of the strategic individual investors have extensive backgrounds and decades of success in global equity investing.
"PRHL is very pleased to announce the closing of the sale of a portion of our common stock to a few strategic investors where we received $572,500," stated Kevin Donovan, president and CEO of PRHL. "This capital investment into PRHL will be applied to operating expenditures and areas of new growth for our holding corporation and its wholly owned subsidiary, WEPOWER Ecolutions Inc."
PRHL and WEPOWER Ecolutions hope to receive introductions to possible new green business projects in green buildings, establishing new green funds and other strategic alliances from all of the individual strategic equity investors.
There was no underwriter, no underwriting discounts nor commissions, no general solicitation, no advertisement, and resale restrictions were imposed by placing a Rule 144 legend on the certificates. The persons who received securities have such knowledge in business and financial matters that he/she/it is capable of evaluating the merits and risks of the transaction. This transaction was exempt from registration under the Securities Act of 1933, based upon Section 4(2) for transactions by the issuer not involving any public offering.
PRHL filed a Form 8-K for Unregistered Sale of Equity Securities A which was filed on Friday, June 22, 2012 with the SEC.
About Premier Holding Corp.
The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER. www.prhlcorp.com
About WEPOWER Ecolutions Inc.
WEPOWER is a U.S. energy service company (ESCO) based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, developers and management companies of large scale residential developments. WEPOWER's business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER's core business expects to deliver green energy solutions, branded specifically as WEPOWER "ecolutions," which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will 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. www.wepowereco.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.