Car Charging Group, Inc. Signs Agreement to
Install
ChargePoint Networked Charging Stations
at Delray Professional Center
Miami Beach, FL – April 14, 2010 –
Car Charging Group, Inc. - (OTCBB: CCGI), today announced it has signed
an agreement to install and maintain Coulomb Technologies ChargePoint® Networked
Charging Stations for electric vehicles for the occupants of The Delray
Professional Center, a 43,000 square foot medical/professional building on 1.93
acres in Palm Beach County, located at 1300 NW 17th Ave,
Delray Beach, Florida.
“The
Delray Professional Center prides itself on offering its tenants unparalleled
building amenities,” said Steve Newman, Property Manager of The Delray
Professional Center. “New green technologies, such as car charging
stations that require no capital investment from us, create enormous
opportunities for our facility to simultaneously improve the environment as well
as the daily experience of our valued tenants.”
Occupants
of The Delray Professional Center who own electric vehicles will now be able to
conveniently charge their vehicles at the charging stations located on
site. Under the agreement, The Delray Professional Center will share
a percentage of the revenue derived from the charging stations.
“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,” said Andy Kinard, President of Car Charging
Group.
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 seeks to provide
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 Automotive Karma, and Tesla Roadster, are expected to be on
the road by 2030. Car Charging Group and other companies in the EV
industry like ECOtality and Better Place, 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 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/>.
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.
305-521-0150
