UPDATE - CarCharging Announces Corporate Rebranding and Reverse Split
August 29 2017 - 5:45PM
Marketwired
UPDATE - CarCharging Announces Corporate Rebranding and Reverse
Split
One of the Largest Electric Vehicle Charging Equipment and
Service Companies Continues its Integration Efforts and Unifies its
Corporate Identity
HOLLYWOOD, FL-(Marketwired - Aug 29, 2017) - Car Charging Group,
Inc. (OTC PINK: CCGID) ("CarCharging"), one of the leading owners,
operators, and providers of electric vehicle (EV) charging
services, and the owner of the Blink Network, announced that the
Company has changed its name to Blink Charging Co. ("Blink
Charging"). The Company has also implemented a 1 for 50 reverse
stock split, which is effective today. For the next 20 business
days, the Company's stock symbol will be (OTC PINK: CCGID) and then
will revert to (OTC PINK: CCGI).
The Company's name change to Blink Charging integrates the
Company's largest operating entity, Blink Network, and represents
the thousands of Blink EV charging stations that the Company owns
and/or operates, and the Blink network, the software that manages,
monitors, and tracks the Blink EV stations and all its charging
data.
"Changing the name of the Company to Blink Charging continues
our integration efforts and corporate rebranding, which allows us
to unify our identity and illustrates the company's primary
products and services," stated Mike Calise, Blink Charging's Chief
Executive Officer. "The reverse split is also another step in the
right direction towards achieving a listing on a national stock
exchange and to build additional shareholder value."
The Company recently launched its new website,
www.BlinkCharging.com, which is the digital representation of the
corporate rebranding and integration of CarCharging.com and
BlinkNetwork.com.
About Blink Charging Co. Blink Charging Co. (OTC PINK: CCGID)
("Blink Charging") is one of the leaders in nationwide public
electric vehicle (EV) charging equipment and services, enabling EV
drivers to easily charge at locations throughout the United States.
Headquartered in Florida with offices in Arizona and California,
Blink Charging's business is designed to accelerate EV
adoption.
Blink Charging offers EV charging equipment and connectivity to
the Blink Network, a cloud-based software that operates, manages,
and tracks the Blink EV charging stations and all the associated
data. Blink Charging also has strategic property partners across
multiple business sectors including multifamily residential and
commercial properties, airports, colleges, municipalities, parking
garages, shopping malls, retail parking, schools, and
workplaces.
For more information about Blink Charging, please visit Blink
Charging.
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 Blink Charging Co., 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: Blink Charging Media
Contact: Suzanne Tamargo Suzanne@BlinkCharging.com (305) 521-0200 x
214
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