Premier Holding Corp. (OTCPK:PRHL) signed a non-binding letter of intent to acquire Luminous Engineering and Design, Inc for $0.58 million in cash and stock on July 10, 2013. The deal value includes the issuance of 2 million shares of Premier Holding Corp., $0.08 million upon closing as consideration and 3 million additional shares will be issued to Luminous Engineering and Design, Inc. based on achievement of certain milestones.

In a related transaction, Premier Holding Corp. entered into a non-binding letter of intent to acquire AEON Green Energy Solutions for $0.21 million on July 10, 2013. The acquisition is subject to satisfactory due diligence and a definitive agreement between the two parties.

The transaction is expected to be accretive immediately. Todd M. Pitcher of Aspire Clean Tech Communications, Inc. acted a public relation advisor.