CarCharging Congratulates New York City Mayor, Michael Bloomberg, and Supports
Push for Environmental Initiatives
Electric Car Charging Service Provider Endorses Mayor Bloomberg's Efforts to
Increase Parking Spaces for Electric Vehicles
MIAMI BEACH, Fla., Feb. 14, 2013
MIAMI BEACH, Fla., Feb. 14, 2013 /PRNewswire/ --Car Charging Group, Inc.
(OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric
vehicle (EV) charging services, announced today its support for New York City
Mayor, Michael Bloomberg, and his continued efforts to promote environmental
initiatives. Included in his final State of the City Address today, Mayor
Bloomberg revealed various new programs intended to improve the environment,
including creating up to 10,000 parking spaces for electric cars and adding 50
electric cars to the municipal fleet.
These new programs further demonstrate Mayor Bloomberg's commitment to reduce
the City's greenhouse gas emissions through initiatives such as greening the
City's fleet and facilitating the adoption of EVs. As stated by Mayor
Bloomberg, "we're already the most tech-friendly, transparent government in
the country" and the plan is to "make New York City a national leader in
another new technology: electric vehicles". Mayor Bloomberg also noted that
the administration would "work with the City Council to amend to the building
code so that up to 20% of all new public parking spaces in private
developments will be wired and ready for electric vehicles" and add 50
electric cars to the city's fleet of cars, which currently has over 450
"As a company committed to creating a robust, feature-rich network for EV
charging and reducing the nation's dependence on fossil fuels, we congratulate
and support Mayor Bloomberg's environmental programs and initiatives," said
Michael D. Farkas, CEO of CarCharging. "Together with our efforts to expand
the EV charging infrastructure in New York, we are confident that the City's
efforts to increase the parking spaces for EVs, facilitate the availability of
public EV charging services and streamline the installation of residential
charging equipment will significantly impact the adoption of EVs in New York."
CarCharging partners with property owners and parking companies, such as
Related Management Company, Icon Parking, and Central Parking, and offers
public EV charging services throughout New York City as well as the United
States. Additionally, CarCharging has been awarded grants by the New York
State Energy Research and Development Authority ("NYSERDA"). For the first
round of the award, CarCharging plans to install EV charging stations in
parking garages in New York City, and for the second round, CarCharging
intends to expand the EV charging stations to multifamily residential and
retail properties throughout New York state.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public
electric vehicle (EV) charging services at accessible and convenient
locations. Headquartered in Miami, Florida with offices in California, Canada,
and Spain, CarCharging is committed to creating a robust, feature-rich network
for EV charging. CarCharging typically pays for all hardware, installation,
maintenance and related services; therefore, eliminating initial capital costs
for all property owners.
CarCharging has more than 45 strategic partnerships across various business
sectors. CarCharging's partners manage or own a total of 6.5 million parking
spaces, and include, but are not limited to Ace Parking, Central Parking,
Equity One, Equity Residential, Walgreens, Pennsylvania Department of
Environmental Protection, City of Miami Beach, and the City of Norwalk,
Connecticut. CarCharging's services utilize EV charging stations manufactured
For more information about CarCharging, please visit www.CarCharging.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. By their nature, forward-looking
statements and forecasts involve risks and uncertainties because they relate
to events and depend on circumstances that will occur in the near future.
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. Car Charging Group, Inc. undertakes no obligation
to update or revise forward-looking statements to reflect changed
CarCharging Media Contact: CarCharging Investor Relations:
Suzanne Tamargo Constellation Asset Advisors, Inc.
(305) 521-0200 x214 (415) 524-8500
SOURCE Car Charging Group, Inc.
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