Premier Holdings Corp (OTCMKTS:PRHL) is hoping to increase its topline eight to ten times over the next 18 to 24 months following the completion of acquisition of a power supplier from WWCD. According to PRHL, the acquisition will expand its deregulated power business by bringing on board many customers and unlocking more revenue sources.
To try to bring out the rationale of the power supplier purchase, Premier Holdings Corp (OTCMKTS:PRHL)’s CEO, Randall Letcavage, said that every customer that they acquire boosts the company’s enterprise value by $500. The management sees the company selling power to additional 100,000 or more customers in the next 18 months. With that, PRHL should see its enterprise value jump by $50 million.
The acquisition should also boost PRHL’s profitability as the company buys more power at wholesale price and resells it at a retail price, thus enjoying higher margins.
Premier Holdings Corp (OTCMKTS:PRHL) is expanding its geographic footprint. The company recently signed a deal with Firefly Systematics that paves the way for its unit called Energy Efficiency Experts (E3) to expand operations in Ontario, Canada. The move is expected to open up more revenue opportunities for the company.
Deal to expand adoption of ESP
Premier Holdings Corp (OTCMKTS:PRHL) is teaming up with J. Joseph to take its proprietary Energy Sales Portal (ESP) to more energy resellers. The company believes that EPS has game-changer potential in distribution of deregulated energy. The idea of opening up EPS to more potential users comes after PRHL acquired a power suppliers and it hopes that the technology will unlock more opportunities for power resellers coming through its recent acquisition of a power supplier.
PRHL’s ESP partner, J. Joseph, counts J.D. Power and Associates, Ken Blanchard Companies and Deloitte among its clients.
A surge in demand for sales job
Premier Holdings Corp (OTCMKTS:PRHL) recently reported a 50% increase in the demand for sales job at its subsidiary known as The Power Company (TPC). The company said that the solid demand in its sales trainee program was evidence of how the position was positively impacting the lives of the workers. For April 2016, application for the sales training program rose 50% over a comparable month last year. Existing sales staff have also reported how the program has significantly boosted their financial position.
Some of the other notable stocks on the OTC Board that are gaining increased attention from traders and investors include Terra Tech Corp (OTCMKTS:TRTC), Cellceutix Corp (OTCMKTS:CTIX) and Advanced Medical Isotope Corp (OTCMKTS:ADMD).