updated 9/2/2010 7:46:03 AM ET 2010-09-02T11:46:03

MIAMI BEACH, Fla., Sept. 1, 2010 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI), an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced a strategic partnership to incorporate electric vehicle (EV) charging stations into both existing projects as well as future design offerings of Kobi Karp Architecture & Interior Design (KKAID) ( www.kobikarp.com ), located at 2915 Biscayne Boulevard, Miami, FL 33137-4197, a vertically-integrated and award winning firm specializing in international architecture, planning and interior design.

"Our portfolio includes luxury high-rise mixed-use developments, world-class hospitality and entertainment centers, high-end commercial and retail spaces. We have a long history in sustainable development. In April 2007, the United States Green Building Council (USGBC) recognized Baylights Condominium, a design project we spearhead, as the first green residential building in South Florida," said Kobi Karp, principal and founder of KKAID. "Access to charging stations for electric cars is the next must-have accessory in upscale housing and forward-thinking developers are demanding this feature be incorporated into design plans as a perk to distinguish their offerings from competitors."

"The Obama administration is committed to getting a million electric vehicles (EVs) on the road in the next five years and manufacturers like Tesla Motors, the Renault and Nissan alliance, General Motors, Ford and others are poised to roll out EV models in dealer showrooms during 2010," said Car Charging Group CEO Michael D. Farkas. "But the fact remains that all of those EVs need to be recharged and that requires infrastructure in the form of a network of charging stations. A report published this summer anticipates the addition of five million new EV charge points over the next five years. We are seeing a significant increase in the number of developers and architects joining governments around the world to create the charging infrastructure necessary to support the arrival of EVs in significant numbers."

The report, " Electric Vehicle Charging Equipment," estimates that there will be 4.7 million residential, public, private and workplace charging stations installed during the period from 2010 to 2015. And in the U.S., there will likely be almost 1 million charging stations by 2015.

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 such as Ecotality and Better Place, 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 .

About Kobi Karp Architecture & Interior Design, Inc.

Kobi Karp is a Miami architect who is the principal and founder of Kobi Karp Architecture & Interior Design, Inc. (KKAID), linked to the design of large-scale, high-rise condominium and hospitality projects to intimate, small-scale low-rise residential and commercial structures. International since 1988, KKAID expanded their architectural and interior design services to new luxury clients, with some recent project locations include; Abu Dhabi, Dubai, Sochi, Cancun, Romania, Grenada, Russia, Mexico and Asia.

Hospitality corporations such as Marriott, Hyatt, Hilton Hotels, Starwood and Club Med; development corporations such as The Related Group, Fortune International, Cornerstone Group, Aldar Properties and Nakheel employ KKAID to design new properties, renovate existing ones, create interiors and plan sites for pending development.

For more information, pleas visit: www.kobikarp.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 and 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 changed.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.93%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.13%
17.11%
Source: Bankrate.com