Car Charging Group to Install Electric Vehicle Charging Stations at Mall of America, the Most Visited Shopping Mall in the World

MIAMI BEACH, Fla., Oct. 21, 2010 (GLOBE NEWSWIRE) -- Car Charging Group Inc., (OTCBB:CCGI), an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced that it plans to install electric vehicle (EV) charging stations at Mall of America (MOA) in Bloomington, Minnesota, the nation's largest retail and entertainment complex covering 4.2 million square feet and 13,000 parking spaces.

"American drivers are used to the convenience of gas stations on every corner," said Car Charging Group CEO Michael D. Farkas. "Consumers will only embrace electric vehicles when there is a substantial network in place to facilitate convenient charging away from home. The opportunity to provide EV charging to more than 40 million annual visitors at the iconic Mall of America is a key retail partnership and a pivotal milestone in our mission to build out a nationwide infrastructure."

"Mall of America(R) has always been committed to environmentally responsible design. The existing Mall was designed and built in an environmentally responsible manner incorporating elements such as an extensive recycling program, 30,000 live plants and trees that act as natural air purifiers, and no central heating system despite very cold Minnesota winters," said Dave Haselman, Executive Vice President, Mall of America. "We view the addition of electric vehicle car charging stations as the next logical step in creating a high performance green facility and we are leading the way for other retail and entertainment centers that will undoubtedly install stations in the near future."

A recent report, "Electric Vehicle Charging Equipment," estimates that there will be 4.7 million residential, public, private and workplace charging stations installed globally during the period from 2010 to 2015. And in the U.S., there will likely be almost 1 million charging stations by 2015.

"When Henry Ford began selling cars the middle class could afford, the increase in automobile ownership resulted in a greater demand for filling stations, but the opposite is true for EVs," said Brian Golomb, Director of Sales & Marketing, Car Charging Group. "To facilitate market acceptance for the first mass-market electric cars from Nissan, General Motors, SmartCar, Ford, Fiat and other manufacturers as they hit U.S. roads this winter, we must build out the infrastructure first. The elimination of range anxiety and ability to ensure EV drivers they will have access to a vast network of convenient charging stations is the key."

About Car Charging Group, Inc.

Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with its landowner partners to identify appropriate locations for its charging stations. The Company provides convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.

An estimated 40 million plug-in electric vehicles, such as the Nissan Leaf, GM Chevy Volt, Fisker Karma, Tesla Model S as well as many others, are expected to be on the road by 2030. Car Charging Group and other companies in the EV industry such as Ecotality, Better Place, and now GE realize the need to establish charging station networks throughout the transportation infrastructure to provide easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging services. The Company launched its operations nationally in September of 2009 and is expanding its operations internationally.

Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.carcharging.com.

About Mall of America

Mall of America is the nation's largest retail and entertainment complex. The 4.2 million square foot complex is home to more than 520 world-class shops; Nickelodeon Universe, the nation's largest indoor family amusement park; Underwater Adventures(R) Aquarium, a 1.2 million gallon walk-though aquarium; a 14-screen movie theater and more. The Mall opened in August of 1992 and is located in Bloomington, Minn., just minutes from downtown Minneapolis and St. Paul. For more information visit http://www.mallofamerica.com

Forward-Looking Safe Harbor Statement:

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.

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