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Premier Holding gets go-ahead for power supplier buy

Monday, February 13, 2017 7:49
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Premier Holding Corporation (OTCQB:PRHL) has completed the acquisition of power supplier, American Illuminating, after approval from Federal agency FERC.

PRHL’s customers will now be able to buy power directly, which will dramatically’ boost the company’s revenue compared to commission –only deals previously.

Randall Letcavage, chief executive, said:  ”The acquisition of an energy supplier serves as the ‘anchor’ for PRHL’s business plan to increase revenue and generate more profits.

“Our database of past and present customers has grown to well over 200,000 purchasers, and grows by over 5,000 contracts per month due to our more efficient call centers, which contributes to the sales made by our door-to-door sales force.

“As we begin supplying them power, we can now start directly offering them additional products and services that we could not before, including smart home and smart building technologies.” 

Story by ProactiveInvestors


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