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Premier Holding sales going up

Staff writer ▼ | December 4, 2013
Premier Holding Corp. announced the results for the quarter ending September 30, 2013. Revenue from sales for the nine months ending increased to $1,437,746 from the $81,019 recorded in the comparable period in 2012.
Premier Holding
Premier HoldingPremier Holding Corp. announced the results for the quarter ending September 30, 2013. Revenue from sales for the nine months ending increased to $1,437,746 from the $81,019 recorded in the comparable period in 2012.


This growth in 2013 is primarily attributable to Premier's strategic acquisitions, product expansion, business alliances, and continually improving market conditions.

Operating expenses for the nine months ending September 30, 2013 increased to $4,934,351 from the $2,150,443 recorded in the comparable period in 2012. The increase in selling, general and administrative expenses can be attributed to increased operational expenses related to the acquisition of The Power Company USA, LLC and increased stock compensation expense of which a significant amount was non-cash stock compensation expense.

Letcavage stated that not only has TPC provided revenues and approximately 30,000 energy contracts to PRHL this year, but next year will be the catalyst of building out our Green products and solutions business in the E3 subsidiary.

In the previous nine months, Energy Efficiency Experts (E3) has laid the groundwork for expansive growth with the development of additional versions of the E-Series technology. E3 has also added strategic alliances with formidable sales channel partners such as Nor Cal Reps and Western Glass, which will have a positive impact on E3's market share.

By partnering with additional LED and efficiency product suppliers, E3 is poised to grow its sales pipeline into a seven-figure revenue stream in an expeditious manner.

"Our company has much to be excited about going into the last financial quarter of the year and 2014. At the same time that PRHL is successfully integrating acquisitions and organic expansion into cohesive and complementary marketing and sales operations, we are becoming more effective as an enterprise entering related verticals of the energy industry that align with our core strengths and our innovative approach.

"Energy efficiency is a very powerful and profitable industry in the USA; Premier is a growing force at the center of the industry with intentions to be a major brand for energy reduction," said CEO Randall Letcavage.


 

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