Premier Holdings Corp Acquires Majority Stake In The Power Company USA, LLC

Premier Holdings Corp announced it has entered an agreement to purchase 80% of The Power Company USA, LLC, based in Chicago, Illinois. The Power Company (TPC) was formed in 2011 to participate in the sale of deregulated energy, primarily electricity and natural gas, to businesses and residential users. PRHL's acquisition of 80% of TPC for a combination of cash and securities will increase PRHL's capability to offer energy efficiency products and services to Fortune 500 brands, commercial middle-market companies, developers and management companies of large-scale residential developments. The acquisition represents 80% of TPC stock, with the remaining 20% scheduled to be acquired within the next 120 days. PRHL will provide additional details, including the purchase agreement in a current report on Form 8-K to be filed with the SEC within four business days.