updated 8/27/2010 4:53:15 AM ET 2010-08-27T08:53:15

MIAMI BEACH, Fla., Aug. 26, 2010 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI) today announced that it has partnered with the City of Dania Beach Community Redevelopment Agency (CRA) to install and maintain charging stations for electric vehicles at the city's brand new garage, located near City Hall in Dania Beach, Florida. The EV charging stations are installed and are available for use to the public effective immediately.

Widely regarded as a cornerstone for revitalizing the area's downtown section, the garage features innovative architecture and eco-conscious features, including electric car charging stations. With parking spaces for 440 vehicles and a brand new hotel slated to begin construction within a few months, this environmentally-friendly parking structure is open and ready for business, complete with four charging stations provided by Car Charging Group, Inc. As the need for additional units becomes necessary, Car Charging will facilitate additional installations of EV Charging Stations.

Car Charging Group has installed ChargePoint® Networked Charging Stations for EVs which are manufactured by Coulomb Technologies ( www.coulombtech.com ), the industry leader in electric vehicle charging infrastructure. Through the aid of government tax incentives, subsidies, loan guarantees and grants, Car Charging provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing drivers access to convenient locations and partners to realize a percentage of the charging revenue generated.

"We are pleased to be participating in Dania Beach's hard work to become an eco-conscious town and applaud the city on its efforts," said Michael D. Farkas, CEO of Car Charging Group. "This partnership helps to support the need for electric vehicle charging stations nationwide, and we are thrilled to have a nearby town help us lay the foundation." 

Dania Beach CRA Director Jeremy Earle stated: "By offering the latest technology and an energy-friendly building, we are ensuring our city's future by responding to efficient energy awareness and consciousness for the environment." 

In the coming months, developer Hank Thomas of The Greenhill Development Company will work closely with Dania Beach officials to complete the city's revitalization efforts. Several of the transformations planned include a new Broward County Library and City Hall, as well as a hotel, residential accommodations, commercial areas, modified street design and public art displays.

For more information regarding Dania Beach's Redevelopment Agency, please visit http://www.ci.dania-beach.fl.us/index.aspx?nid=207

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 provides 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 Karma, Tesla Model S as well as many others, are expected to be on the road by 2030. Car Charging Group and other companies in the EV industry 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 services.  The Company launched its operations nationally in September of 2009 and is expanding its operations internationally.

Car Charging Group, Inc. is based in Miami, Florida.  The Company's website can be viewed at 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 as 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 changes.

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