Premier Holding Corporation Expects Record-Setting Revenue in Fiscal Year Projections
Premier Holding Corporation (OTCQB: PRHL) shareholders have been no strangers to excitement lately, following announcements of the company retaining partners for globalization, development of a disruptive deregulated energy marketplace platform the company will manage and collect fees from, and record recruitment levels from its subsidiary, The Power Company.
Today’s announcement set the bar a notch higher, as the company explained revenue projections for fiscal year 2016 in excess of $5MM. These double digit revenue increases (year-over-year, for the third year in a row) are in part as a result of the company placing deregulated power sales directly through a supplier. This means the company will be able to capture much larger portions of their transactions than previously, when they were just collecting a small portion as commission. As time passes, the company will be able to make an increasing percentage of their transactions through this supplier. The company expects to see sales top $40M in 2017 and $95M in 2018 from this project alone. The company believes it could see even higher sales figures after factoring in its international growth and sales from its internet-baed energy sales portal, which is being developed by J. Joseph, Inc., a technology consulting company that has worked with titans of industry like Deloitte, Farmers Insurance, and ACT, to name a few.
In the words of the CEO (Randall Letcavage) himself, “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.”© Copyright 2016 OTC News Magazine. All rights reserved.