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TUSTIN, CA--(Marketwired - Jun 1, 2016) -  Premier Holding Corporation (OTCQB: PRHL), announces that it has signed a sales agreement with Eco Automation to offer its smart home technology to their over 200,000 clients of deregulated power which includes exclusivity to offer a customized version of the technology for "Smart Apartments."

Premier has been working closely with the leadership at Eco Automation to develop a unique version of their outstanding Smart Energy Meter technology and adapting it to the unique needs of the apartment environment. President of Eco Automation Michael Murphy, said, "The apartment environment has its own challenges with the tenant and the landlord both needing to be served. Within this environment, security, energy efficiency and durability all require an extra level of sophistication. We believe we may have best features and solution for this special market, thanks to the work we performed together with Premier, and we are impressed with their team in bring us this opportunity."

Eco Automation's universal technology means home/apartment owners no longer need several different apps to control their various connected devices. They can now control everything within one app. Eco helps consumers realize the benefits of smart appliances, connected devices, demand response and dynamic pricing, all while helping consumers optimize their energy spending. Eco's energy management technology allows their clients to better understand and manage electricity use in their home or place of business through their mobile app. The Eco Smart Energy Meter provides the functionality and communications to make this possible. The Hub is backward compatible with nearly all existing smart home technologies such as alarm and security systems, cameras, as well as Google's NEST, Amazon's Eco (Alexa,) Apple's iHome, and other similar technologies.

Premier Holding has signed this agreement through its subsidiary, Energy Efficiency Experts (E3) adding to the extensive offerings E3 provides its customers including LED lighting, lighting controls, building integration technology, etc. This is a major step in the implementation of the overall corporate strategy of offering products and services from one subsidiary of PRHL to another, namely, The Power Company (TPC). This technology will be offered through E3 to the hundreds of thousands of homeowners that have been serviced by TPC for deregulated power.

President and CEO of Premier, Randall Letcavage, adds: "This is another major milestone for the company. We expect the 'Smart Home' and 'Smart Building' industry to take off just like the LED lighting industry has exploded. Aligning with Eco Automation means we can offer even more products and services to our various customers across the subsidiaries, which has been a strategic goal of the company, and this strategy can reduce the cost of acquiring a new customer to nearly zero. This agreement with Eco Automation should have a significant impact on sales to our existing and growing homeowner customers, as well as our commercial/industrial clientele. This agreement will help all of our subsidiaries grow."

Read in full at http://finance.yahoo.com/news/premier-holding-corporation-partners-eco-113000989.html

I hope you all had a great long weekend. As usual during these long weekends I'm hard at work searching for new plays to bring to our members.

Premier Holding Corp (PRHL) hit my radar yesterday after major news hit the wire that the company announced some huge financial projections for the fiscal year, more on that soon.

First let's check out the technical's of PRHL... The 50 and 100 day moving average has converged right above $0.06 which is acting as support. Yesterday PRHL bounced off this level and moved higher on strong volume.

There is some resistance at $0.07, but yesterday it broke through this level and we think today could move back towards and break through its recent high of $0.09.

Currently, the company generates revenue from commissions on the resale of deregulated power. The company has completed over 200,000 residential equivalent contracts since the acquisition by PRHL three years ago, and these contracts have been valued in the market from $60,000,000 to $80,000,000 or more if placed with the supplier.

The commission on the sale of deregulated power is a small fraction of the total revenue of the transaction. Now that PRHL has a supplier, it can now capture the total sale of power as revenue, and retain the difference between the wholesale and retail price of power, a much greater amount than just the commission.

The company will now be offering power through its own supplier, as well as from over 30 other suppliers in the market, providing the best choices for its customers. The company anticipates that a small percent of its immediate sales will be sold through its own supplier through the remainder of the year, increasing to over 50% in the coming years.

The resale of power should generate over $5,000,000 in revenue for the company's 2016 fiscal/calendar year (The third year in a row of double digit increases), and with only 6 months remaining in this year, the company expects to generate another $3,000,000 in topline revenue from this supplier as it ramps up. With the existing sales infrastructure the revenue from the supplier is projected to increase to over $40 million in 2017, and $95 million in 2018. This should increase even more as the company brings on more resellers through its unique internet-based Energy Sales Portal, "ESP."

Premier Holding Chairman and CEO Randall Letcavage, said: "It is a significant milestone to bring this supplier on board, and it is an integral part of our overall strategy. Now, the same efforts we expended in selling deregulated power will have a much greater financial impact to the overall company. Now, in each transaction the revenue could be more than ten times greater and the profitability on that transaction could be double or triple what we have been experiencing from just the sales commission. This is truly a game changer for our company."

You can read this press release in full at http://finance.yahoo.com/news/premier-holding-corporation-announces-financial-113000819.html