CarCharging Receives Financing From Farkas Group, Inc.
June 24 2016 - 10:23PM
Marketwired
CarCharging Receives Financing From Farkas Group, Inc.
Largest Owner and Operator of Electric Vehicle Charging Services
to Utilize New Funding for EV Charging Stations Along Pennsylvania
Turnpike and Operational Expenses
MIAMI BEACH, FL-(Marketwired - Jun 24, 2016) - Car Charging
Group, Inc. (OTCQB: CCGI) ("CarCharging"), the largest owner,
operator, and provider of electric vehicle (EV) charging services,
announced that it has received financing in the form of a loan from
The Farkas Group, Inc. ("Farkas Group") for $200,000.
$105,000 of the funds will be applied to CCGI/PAT, LLC
(CarCharging/Pennsylvania Turnpike) and the remaining balance will
be applied to CarCharging. The founder and manager of Farkas Group
is CarCharging's Executive Chairman, Michael D. Farkas.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy shares in CarCharging, nor shall
there be any offer, solicitation or sale of securities in any
jurisdiction in which such offer, solicitation, or sale would be
unlawful.
About Car Charging Group, Inc.Car Charging Group, Inc. (OTCQB:
CCGI) is a pioneer in nationwide public electric vehicle (EV)
charging services, enabling EV drivers to easily recharge at
locations throughout the United States. Headquartered in Miami
Beach, FL with offices in San Jose, CA; New York, NY; and Phoenix,
AZ; CarCharging's business model is designed to accelerate the
adoption of public EV charging.
Through its subsidiary, Blink Network, CarCharging also provides
residential EV charging solutions for single-family homes. For more
information, please visit www.BlinkHQ.com.
CarCharging has strategic partnerships across multiple business
sectors including multi-family residential and commercial
properties, parking garages, shopping malls, retail parking, and
municipalities.
For more information about CarCharging, please visit
www.CarCharging.com, www.facebook.com/Car.Charging, or
www.twitter.com/CarCharging.
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. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed
conditions.
Investor Relations and Media Contacts:CarCharging Media
Contact:Suzanne TamargoSuzanne@CarCharging.com(305) 521-0200 x
214
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