MIAMI BEACH, Fla. and FORT LAUDERDALE, Fla., May 17, 2011 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI), a provider of electric vehicle (EV) charging services with the mission to own and build out a nationwide network of electric vehicle EV charging stations, and Stiles Property Management, South Florida's third largest property management firm, today announced their partnership to provide downtown Fort Lauderdale's first EV charging services at AutoNation's (NYSE:AN) headquarters, also known as The AutoNation Building.
"This is an exciting project for us," said Car Charging Group CEO Michael D. Farkas. "Through a partnership with Stiles, who manages nearly all of the office towers on the iconic Las Olas strip and is recognized for their first-class sustainability program, we are able to bring a much-needed resource to downtown Fort Lauderdale. Adding to the excitement is that the project is intended for Fort Lauderdale's largest corporate tenant, AutoNation, who also markets EV vehicles as the country's largest automotive retailer."
Miami, Fla.-based Car Charging Group will install a Level ll, 240-volt Charging station for electric vehicles. The charging station will be housed on the first floor of The AutoNation Building's parking garage at 200 Las Olas Circle.
"In addition to enhancing the amenities we provide to our tenants at The AutoNation Building, this EV charging station demonstrates our long-term commitment to sustainability and our ability to lead the market in designing, developing, constructing and managing environmentally-conscious commercial structures," said Terry Stiles, chairman and CEO of Stiles.
The EV charging station enhances the environmental credentials of The AutoNation Building, which Stiles' developed in 2007 and has managed ever since. The 17-story mixed-use Class A office building with more than 17,000 square feet of ground-level retail shops fronting Las Olas Riverfront recently became Stiles' fifth project to receive the Leadership in Energy and Environmental Design (LEED®) certification from the U.S. Green Building Council (USGBC) and the second in downtown Fort Lauderdale. Stiles' 300 Las Olas Place office property was the first in the downtown area to achieve LEED status.
LEED promotes sustainable building and development practices through a suite of rating systems that recognizes projects that implement strategies for better environmental and health performance.
Through Stiles Property Management's leading sustainability program, The AutoNation Building incorporates such energy-efficient features as a computer-operated energy management system that controls air conditioning and heating while monitoring indoor air quality, electricity-reducing technologies, water-conserving plumbing fixtures and the use of low VOC-emitting paints and sealants.
Also, the building management uses advanced recycling systems and green cleaning products that are environmentally safe, Green Seal Certified and bio-renewable.
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, parking garages, multi-family residential and commercial properties.
An estimated 40 million plug-in electric vehicles, such as the Nissan LEAF, GM Chevrolet Volt, Fisker Karma, Tesla Model S and Ford Focus EV as well as many others, are expected to be on the road by 2030. Car Charging Group recognizes the need to establish a comprehensive network of charging stations that delivers easy, convenient access to drivers wherever they live, work and play. 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 2009 and is expanding its operations internationally.
Car Charging Group, Inc. is based in Miami, Fla. The company's website can be viewed at www.CarCharging.com.
Stiles is a full-service commercial real estate firm with a clear mission: "Invest∙Build∙Manage." With its diverse capabilities, Stiles has achieved a stellar reputation for excellence and market leadership within the real estate industry. In addition to development, construction, architecture, realty and property management, Stiles also specializes in financing, acquisitions and repositioning. The company is responsible for more than 37 million square feet of office, industrial, retail, mixed-use and residential projects throughout the southeastern United States. Since 1951, Stiles has played a vital role in South Florida's rise to prominence. With a multitude of award-winning projects, Stiles inspired the revitalization of downtown Fort Lauderdale, Fla., the home of its headquarters. The company also maintains regional offices in Miami, Tampa, West Palm Beach, Naples, Fort Myers and Orlando. For more information, please visit www.Stiles.com or call 954-627-9300.
AutoNation Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer. A component of the Standard and Poor's 500 Index, AutoNation owns and operates 243 new vehicle franchises in 15 states. For additional information, please visit corp.AutoNation.com or www.AutoNation.com. Follow us at www.facebook.com/autonation and www.twitter.com/autonation.
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.
CONTACT: Car Charging Group Jason Heller One University Plaza, Suite 507 Hackensack, New Jersey 07601 email@example.com tel: 201.465.8030 fax: 201.649.1193 Stiles Adrienne Zvi Adrienne.firstname.lastname@example.org Tel: 954-627-9021 Investor Relations 305-521-0150