ALISO VIEJO, CA — (Marketwire) — 05/16/12 — (OTCBB: PRHL) (the “Company”) is very proud to announce the appointment of Bobby Grisham to Premier Holding Corp.–s board of directors. Grisham served at EDS, a Hewlett-Packard company, from 1978-2009, with career highlights including chief global sales officer responsible for leading the successful renegotiation of EDS–s large U.S. Navy Marine Corps Intranet contract. Grisham also served as the president of the EDS U.S. Southwest Operations Solutions and president of the Large Financial Institutions Strategic Business Unit, assuming responsibility for all EDS banking and securities business. Grisham also managed all IT operations for six General Motors Electrical Component divisions.
Grisham will be working closely with the Premier Holding Corp. board and the executive management team of the Company and its wholly owned subsidiary, WEPOWER Ecolutions Inc., (“WEPOWER”) an energy service company (ESCO) and integrator of clean energy solutions, in meeting their strategic global initiatives.
“It is truly an honor and a distinct privilege for me to be announcing the addition of Bobby Grisham to our reconstituted board of directors,” said Kevin Donovan, CEO and president of Premier Holding Corp. “Bobby–s depth in senior leadership of blue chip organizations and his experience in securing large-scale military, government and corporate contracts will be extremely helpful to our board and executive management team. I am truly looking forward to working closely with Bobby.”
Grisham is an active member of the Tartan Board of the Scottish Rite Hospital for Children in Dallas and served as Tartan Board chairman. He is a founder of the President–s Council of Dallas Theological Seminary and served on the EDS Foundation Board of Directors. Grisham received a Bachelor of Science degree in accounting from the University of Mississippi and his master of business administration degree from the University of Texas.
The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER.
WEPOWER is a U.S. energy service company (ESCO) based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, developers and management companies of large scale residential developments. WEPOWER–s business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER–s core business expects to deliver green energy solutions, branded specifically as WEPOWER “ecolutions,” which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will include direct energy services as power purchase agreements (PPAs), energy financing and leasing of solar and wind-powered generation programs in urban and rural real estate environments.
This press release contains certain statements that may include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipate,” “optimistic,” “intend,” “will” or other similar expressions. The Company–s actual results could differ materially from those anticipated in these forward- looking statements as a result of a variety of factors, including those discussed in the Company–s periodic reports that are filed with the Securities and Exchange Commission and available on its website at . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.