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Car
Charging Group, Inc. Awarded Electric Vehicle Contract to Install Chargers at
OceanSide Pompano Beach
Miami Beach, FL – March 1, 2010 – Car
Charging Group, Inc. - (OTCBB: CCGI), today announced it has signed an
agreement with The Plaza at Oceanside Pompano Beach to install and
maintain electric vehicle chargers for its residents.
“We are
thrilled to announce this contract with Car Charging Group,” said Ari Pearl, the
developer of Oceanside. “Teaming up with this innovative company
illustrates how cutting-edge our property is. This is a great addition to the
World Class amenities we offer to our residents.”
Car
Charging Group, Inc. is in the business of owning, providing and servicing
electric car charging stations in designated parking areas of public and private
property, such as multi-family residential and commercial buildings, parking
garages, municipalities, sporting venues and other convenient charging
locations. The company plans to complete installation of the charging
station for Oceanside upon completion of the permitting process. There
will be approximately 300-350 parking spaces for residential use, and
approximately 150-180 parking spaces available via valet parking in the
future.
“The
Plaza at Oceanside Pompano Beach is an established condominium community that
will benefit greatly from our services. Residents who own electric vehicles will
now be able to conveniently charge their vehicles in the comfort of their own
homes. As part of our agreement, the condominium association will share in a
percentage of the revenue derived from the charging stations, said Andy Kinard,
President of Car Charging Group.”
Applications
are currently being taken for the Nissan Leaf, Chevy Volt, the Fisker Karma, and
the Tesla Roadster for delivery in 2010. It is only a matter of time
before drivers make the transition from gasoline-powered vehicles to electric
vehicles, and we are prepared to help develop an EV charging infrastructure to
aid the process.
About
Car Charging Group, Inc.
Car
Charging Group, Inc. is an owner and provider of electric car charging stations
with the mission to build-out a nationwide infrastructure, enabling vehicle
owners to charge their electric cars anytime, anywhere. As part of its
strategy, the Company owns, provides, installs and maintains electric vehicle
car charging units and works with its landowner partners to identify appropriate
locations for its charging stations. The Company seeks to provide
convenient, safe and affordable charging stations away from home in
customer-friendly public locations, including municipalities, shopping malls and
parking garages.
With an
estimated 40 million plug-in electric vehicles on the road by 2030, the need to
establish charging station networks throughout the transportation infrastructure
is critical to providing 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 stations.
The Company initially plans to launch its service in the South Florida
market and expand nationally and internationally over time.
Car
Charging Group, Inc. is based in Miami, Florida. The Company’s website can
be viewed at www.carcharging.com <http://www.carcharging.com/>.
About
The Plaza at Oceanside
The
17-story luxury condominium includes 186 residences ranging in size from
approximately 1,441 square feet to 4,500 square feet, with two- and
three-bedroom sky residences, expansive lofts, and six spectacular
penthouses. The attention to detail is carried through each spacious
apartment, elegantly appointed with top of the finishes and appliances from
Viking and Poggenpohl.
The Plaza
at Oceanside’s inspired amenities collection was designed by the award-winning
Interiors by Steven G. Indoor amenities include a club room and bar
with adjoining outdoor terrace, virtual reality golf simulator room, theatre
with reclining leather seating and state-of-the-art surround system, fitness
center featuring cutting edge cardiovascular and strength training equipment
from Star Trac, and a spa with sauna and massage treatment
room. There is also a billiards room with poker tables and bar, a
cigar humidor room and adjacent wine storage and tasting room with extended
marble table, media lounge, and a news café with multiple flat
screens.
Outside,
Oceanside is a private beach club-style paradise with the infinity edge resort
pool surrounded by an ample deck for lounging and a bar and grill for al fresco
dining. There are two hard surface championship tennis courts with
spectator’s pavilion, a rolling events lawn and a fireplace court.
Second
home seekers from far and wide are flocking to Oceanside to take advantage of
sweeping Atlantic Ocean and Intracoastal Waterway views, spacious and elegant
homes, impeccable personalized service and a show-stopping array of lifestyle
offerings on par with the finest private resorts in the world.
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.
Investor
Relations
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Consulting, Inc.
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