MIAMI BEACH, Fla., Sept. 3, 2014 /PRNewswire/ -- Car Charging
Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide owner,
operator, and provider of electric vehicle (EV) charging services,
announced today that, effective immediately, Donald Engel has been appointed to its Board of
Directors. Mr. Engel has over 40 years experience in investment
banking and corporate finance. His appointment brings the number of
CarCharging board members to six.
Mr. Engel served as Managing Director and consultant at Drexel
Burnham Lambert for 15 years. Mr. Engel managed developed new
business relationships and represented clients such as Warner
Communications and KKR & Co., L.P. Mr. Engel also served as a
consultant to Bear Stearns and as a Director of such companies as
Revlon, Uniroyal Chemical, Levitz, Banner Industries, Savannah Pulp
& Paper, and APL Corp. In the last decade, Mr. Engel consulted
to Morgan Joseph TriArtisan.
"I'm delighted to welcome Don to our board. He brings several
decades of investment banking experience to the company, and his
strong financial background and expertise developing
growth-oriented businesses, along with a strategic outlook and
entrepreneurial spirit, make him an excellent fit for CarCharging,"
said Michael D. Farkas, CEO of
CarCharging. "We are fortunate to have such an esteemed individual
join us at this pivotal time in our expansion."
"Don is a seasoned executive with in-depth knowledge of
corporate finance, and his background across a variety of
disciplines and extensive leadership experience will make him an
asset right from the start," added Governor Bill Richardson, CarCharging's Chairman of the
Board. "He has already provided contributions to our go-forward
growth plans, which is a critical area for the company, given the
rapidly changing nature of our business."
"I look forward to working in this fast-paced industry, where
CarCharging is helping to lead a revolution in electric vehicle
ownership," said Mr. Engel. "It is an exciting time to be involved
in the future of transportation."
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 Francisco, CA; New York, NY; and Phoenix, AZ; CarCharging's business model is
designed to accelerate the adoption of public EV charging.
CarCharging offers various options to commercial and residential
property owners for EV charging services. Our typical business
model provides a comprehensive turnkey program where CarCharging
owns and operates the EV charging equipment; manages the
installation, maintenance, and related services; and shares a
portion of the EV charging revenue with the property owner.
Alternatively, property partners can share in the equipment and
installation expenses with CarCharging operating and managing the
EV charging stations and providing network connectivity. For
properties interested in purchasing and owning EV charging
stations, CarCharging can also provide EV charging hardware, site
recommendations, connection to the Blink Network, and management
and maintenance services.
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. CarCharging's partners include, but are not
limited to Walgreens, IKEA, Wal-Mart, Simon Property Group, Equity
One, Equity Residential, Forest
City, Cinemark USA, Fox
Studios, Facebook, PayPal, Kimpton Hotels and Restaurants, Mayo
Clinic, San Diego Padres, University of
Pennsylvania, Ace Parking, Central/USA Parking, Icon Parking, Rapid Parking,
Parking Concepts, CVS, Related Management, Pennsylvania Turnpike
Commission, Pennsylvania Department of Environmental Protection,
City of Phoenix (AZ), City of Philadelphia (PA), and City of
Miami Beach (FL).
CarCharging is committed to creating a robust, feature-rich
network for EV charging and is hardware agnostic. CarCharging
owns the Blink Network, and owns and operates EV charging equipment
manufactured by Blink, Aerovironment, ChargePoint, General
Electric, Nissan, and SemaConnect. CarCharging's Level II charging
stations are compatible with EVs sold in the United States including the Tesla Model S,
Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In,
Honda Fit EV, and Toyota Rav4 EV, as well as many others scheduled
for release over the next few years.
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:
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CarCharging
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CarCharging
Investor Relations:
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Media
Contact:
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Suzanne
Tamargo
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Chris
Witty
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Suzanne@CarCharging.com
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cwitty@darrowir.com
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(305) 521-0200 x
214
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(646)
438-9385
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or:
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Constellation Asset
Advisors
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www.ConstellationAA.com
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(775)
771-5808
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SOURCE Car Charging Group, Inc.