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Update: Newly Formed Company From Share Exchange Acquiring Another Retail Supplier

March 27, 2018

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Premier Holding Corporation (PRHL) confirmed further details of a Share Exchange Agreement with AOTS 42, Inc., with the exchange including PRHL's subsidiaries The Power Company USA, LLC (TPC), a broker, and American Illuminating Company, LLC (AIC), a retail supplier, with PRHL also confirming that the newly formed company will also acquire ResCom Energy

The share exchange, including the acquisition of ResCom, had been first reported by EnergyChoiceMatters.com yesterday (see story here)

Pursuant to the terms of the Agreement, AOTS will issue an aggregate of 19,250,000 shares of its common stock to PRHL in exchange for 100% of the membership interests of each of TPC and AIC. This represents approximately 38% of the new company.

Premier Holding Corporation said that, at the same time, this new company is obtaining Advanced E Lighting, LLC out of New York, a full turn key solutions company for LED lighting, and ResCom Energy LLC, a retail power supplier.

"This combination of companies will achieve the strategic synergies that Premier has been pursuing since its acquisition of TPC," Premier Holding Corporation said

The closing of this Share Exchange is subject to customary closing conditions, including, without limitation, such other conditions such as approval of the stockholders of AOTS and PRHL, if applicable, consummation of a private placement offering by AOTS in the amount of no less than $1,000,000 of its Common Stock, and other conditions.

Further details regarding the exchange were first reported by EnergyChoiceMatters.com yesterday (see story here)

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