Car Charging Group, Inc. – OTCBB: CCGI
An Electronic Vehicle Infrastructure Company – The Wave of the Future!
Company Background
Car Charging Group, Inc., is a company dedicated to a clean, sustainable environment and an economically strong, energy-independent America. Aided by U.S. government tax incentives and grants, we would like to be at the forefront of the electric car revolution. We believe that investing in infrastructure now will facilitate a seamless transition to electric cars.
They install electric car charging stations in convenient locations across North America. They anticipate installing charging stations in as many convenient locations as possible, to ultimately provide easy access to the end user- the electric car owner.
The charging stations are provided and installed by Car Charging, Inc. at no cost to the business/property owner. The benefits for the host is the ability to provide his customers or constituents with the service of convenient car charging and at the same time benefit from a percentage of the revenue from the station. To learn more about us and sign up for alerts and our fact sheet click here. Car Charging Group, Inc.
Developments
Car Charging Group, Inc. has completed the installation of an electric vehicle (EV) charger for the occupants of The Delray Professional Center, a 43,000 square foot medical/professional building on 1.93 acres at 1300 NW 17th Ave, Delray Beach, in Palm Beach County, Florida
Car Charging Group, Inc. now provides Artech, the 232-residence luxury condominium, with electric car charging services in their 800-foot-long, 5-story parking garage. Artech is located on the Intracoastal at 2950 NE 188 Street in Aventura, FL.
The Industry
Reuters reports that, “It will be years before demand for hybrid cars in the United States and Europe is big enough for battery manufacturers to make money from that business, but electric cars are nevertheless poised to dominate the market for greener vehicles, the world’s largest car battery maker said on Tuesday.” Johnson Controls believes that “The premium consumers must pay for hybrid cars has prevented them from gaining a bigger share of the overall auto market,” and the current financial turmoil is keeping new car buyers out of the market — while battery technology continues to advance.
“Automakers from Detroit’s General Motors Corp to Japan’s Toyota Motor Corp are developing electric cars for the United States,” which will probably become available around the time that the car market is expected to recover, Reuters.
Autoblog Green on [Insert Date] notes that there are “many differing types of green technology fighting for the chance to lure the green from your pocketbook,” including electric, clean diesel and even hydrogen powered cars. But “because there are only so many development dollars to spend, major automakers will need to pick a technology and stick with it.” Electric cars like Nissan’s planned electric Cube, and extended-range electrics like the Chevy Volt, may be the best bet. Research the latest in green cars with U.S. News’ car rankings and reviews. Worldwide Nanotechnology Electric Vehicle Market Shares Strategies, and Forecasts by Wintergreen Research Inc. predicts that by 2015, 32.7 million electric autos will have been shipped.
Management
- Michael D. Farkas Chief Executive Officer
Mr. Farkas is the founder and manager of The Farkas Group, a privately held investment firm. Mr. Farkas also currently holds the position of Chairman and Chief Executive Officer of the Atlas Group, where its subsidiary, Atlas Capital Services, a broker-dealer, has successfully raised more than $200 million for a number of public clients until it withdrew its FINRA registration in 2007. Over the last 20 years, Mr. Farkas has established a successful track record as a principal investor across a variety of industries, including telecommunications, technology, aerospace and defense, and automotive retail.
- Andy Kinard – President
For the last year Mr. Kinard has been selling electric vehicles in Florida. He has City, County, and State contacts throughout Florida, and has attended every car show, and green fair in the State. Mr. Kinard graduated from the Auburn University in 1987. His first employer was Florida Power & Light (“FPL”) where he worked for 15 years. Simultaneously, Mr. Kinard was assigned to FPL’s electric vehicle program. FPL had their own fleet of electric vehicles that they used to promote the technology.
- Richard Adeline Chief Financial Officer
Since 1984, Richard has been in practice as a CPA in Florida specializing in financial planning, tax preparation and business consulting for both public and non-public companies. Richard is well versed in the reporting requirements for public companies. Prior to forming his own practice, Richard served as an Audit Manager at Arthur Andersen and Coopers & Lybrand, as well as the CFO of Insurance Exchange of the Americas, Inc. He is a licensed CPA in the states of Florida and New York and is a registered Financial Advisor that holds both Life and Health Insurance licenses, as well as various FINRA certifications (Series 7, 63 and 65). Mr. Adeline is a graduate of the City University of New York (Hunter College) in 1965 with a BS in Accounting.
Contact Information
Car Charging Group, Inc.
1691 Michigan Avenue
Suite 425
Miami Beach, FL 33139
United States – Map
Phone: 305-521-0200
Fax: 305-521-0201
Website: http://www.carcharging.com
