CHARLOTTE, NC — (Marketwired) — 07/30/13 — Premier Alliance Group, Inc., (OTCQB: PIMO) a leading provider of business performance, compliance and energy management solutions; delivering results that improve productivity, minimize risk and maximize profits, today announced that its Energy and Sustainability Division has been selected to provide executive oversight, management and procurement services for a 7.4 Megawatt solar installation in Somers Connecticut. The project will be undertaken in cooperation with Prime Solutions, Inc., who has been selected for the design and construction of the project — the largest of its kind to date in New England. The project represents approximately $6 million of revenue to Premier Alliance and will be completed over the next 6 months.
Per the terms of the contract Premier Alliance will provide Senior Project Management to oversee planning, procurement and construction of this utility scale solar development. In addition, Premier Alliance will negotiate purchase terms and order all materials necessary to complete the project on budget. William H. May, CEO of Prime Solutions, noted that “The combination of the Prime Solutions teams experience in designing and constructing solar PV facilities and Premier Alliance–s ability to provide experienced management oversight and procurement expertise will ensure that this important project for Connecticut is delivered on time and within budget.”
“This project further demonstrates the scalability of our alternative energy services and expertise,” said Russ Earnshaw, Senior Vice President of Solutions for Premier Alliance. “Not only can our team implement commercial and industrial solutions but our capabilities and experience also extend to larger municipal and utility scale developments. The combination of our engineering knowledge and regulatory compliance background made us an ideal choice.”
Premier Alliance Group, Inc. (OTCQB: PIMO) is a leading provider of business performance, compliance and energy management solutions with a focus on results that improve productivity, mitigate risk and maximize profits. The firm provides 360 degrees Intelligence Delivery, a holistic approach to meet client objectives, through the Professional Services and Solutions Groups. Premier currently has two major delivery verticals, Energy and Operational Risk/Compliance, which are being driven by increased energy mandates and requirements as well as other regulatory requirements which cross several industries. Premier–s Energy capabilities position us as a leading provider of energy efficiency and sustainable facilities solutions. This includes designing, engineering and installing disparate solutions and technologies that enable clients to reduce their energy costs and carbon footprint. Premier–s Operational Risk/Compliance capabilities encompass Governance, Risk & Compliance (GRC) and Business Performance & Technology. Premier Alliance is headquartered in Charlotte, NC. For more information, visit .
Prime Solutions, Inc. (“PSI”) is primarily involved in the engineering & design, materials procurement and construction of commercial and utility grade solar PV generating facilities in the northeast USA and Hawaii. PSI also engages in the development and construction of cogeneration and micro-grid projects as well as in providing engineering services to electric Utility companies. PSI is headquartered in New Milford, CT. For more information, visit .
Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking.
Investor Contact:
Merriman Capital, Inc.
Douglas Rogers
Managing Director