No, Premier balls, are just an event ball, like the premier ball, and has no special effect.
The only difference, compared to the pokeball, i the look it has!
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"What do you use premier balls for on Pokemon leaf green?"On Pokemon leafgreen you use premier balls to catch Pokemon.They are a fancier version of the pokeball.How to obtain: Buy 10 pokeballs and receive 1 premier ball as a gift.
a luxry ball
Every time you buy ten pokeballs, you get a premier ball, so if you buy ten pokeballs at a time and then sell them all back, you'll keep getting premier balls and you'll basically save a crapload of pokepoints (money in pokemon)
The only way to get a Premier Ball in HeartGold or SoulSilver Versions is to trade a Pokemon holding one or by buying 10 or more Poke Balls at a PokeMart.
You can't get premier balls in Fire Red, a lot of peope say you can get it by purchasing at least 10 pokeballs at the pokemart but it does't work in Fire Red. Sorry