Car Charging Group to Charge for Electric Vehicle (EV) Services at Stations Across Country

MIAMI BEACH, Fla., Aug. 15, 2011 (GLOBE NEWSWIRE) -- Car Charging Group Inc. (OTCBB:CCGI) an electric vehicle charging service provider, announced today that it will begin charging on an hourly basis for the fueling of EVs at its charging stations across the country.  

"While establishing and pursuing our goal of owning and building out a nationwide network of EV charging stations, we offered EV charging services at no cost to promote the use of EVs and EV charging stations," said Michael D. Farkas, chief executive officer of Car Charging Group. "And, while we continue to build out our infrastructure, we're pleased that the solid core of charging stations we've established across the country is strong enough – and the EV market developed enough – that we can now begin charging for EV charging services."

Car Charging Group currently has 29 contracts signed with clients that have over 4,300 locations throughout the USA. Our property owner/manager partners have over 5.3 million parking spaces in their portfolios of properties that range from parking garages, multi family residential properties, commercial properties, shopping malls and municipalities.

About Car Charging Group, Inc.

Car Charging Group, Inc. is an owner and provider of 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, parking garages, multi family residential and commercial properties.

Car Charging Group provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing drivers access to convenient locations and its partners to realize a percentage of the charging revenue generated. Rates for EV charging services will vary from location to location.

An estimated 40 million plug-in electric vehicles, such as the Nissan LEAF, GM Chevrolet Volt, Fisker Karma, Tesla Model S, Ford Focus EV as well as many others, are expected to be on the road by 2030. Car Charging Group recognizes the need to establish a comprehensive network of charging stations that delivers easy, convenient access to drivers wherever they live, work and play. 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 looking to expand its operations internationally.

Car Charging Group, Inc. is based in Miami, Fla.  The company's website can be viewed at www.CarCharging.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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