|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0168 - 0.0168|
|52 Week Range||0.0100 - 0.0300|
|Beta (3Y Monthly)||4.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.69|
Tustin, CA, April 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Premier Holding Corporation (PRHL) today announces that it has established a record date of May 4, 2019 to determine which of its shareholders of record on that date are entitled to their pro rata distribution of 19,250,000 AOTS 42, Inc. common stock (the “AOTS Stock”). Premier received the AOTS Stock pursuant to a Membership Interest Exchange and Contribution Agreement (the “Share Exchange Agreement”) with AOTS 42, Inc., a privately-held Delaware corporation (“AOTS”), and PRHL subsidiaries The Power Company USA, LLC, an Illinois limited liability company (“TPC”), and American Illuminating Company, LLC, a Connecticut limited liability company (“AIC”).
The Company has contributed its subsidiaries TPC and AIC in exchange for approximately 39% stock in privately-held AOTS 42, Inc. Pursuant to the Share Exchange Agreement, AOTS will issue to PRHL 19,250,000 shares of AOTS common stock, representing approximately 39% of AOTS’ issued and outstanding common stock, in exchange for 100% of the membership interests of both TPC and AIC. The AOTS shares the Company receives in the Share Exchange Agreement will be distributed to the Company’s common shareholders as of a record date and on a pro rata basis to be determined by the Company’s Board of Directors in the near future.