CarCharging Group Names Former U.S. Secretary of Energy Bill Richardson as Chairman

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Bill Richardson, former Secretary of the U.S. Department of Energy and former Governor of New Mexico, was appointed as the Chairman of the Board of Directors of CarCharging Group, Inc. (OTCQB: CCGI), bringing together one of the most innovative companies in the electric vehicles (EV) market with one of the most recognized figures in both the Energy market and on Capitol Hill. CarCharging is a pioneer in nationwide public EV charging services. Its products allow drivers of EVs to charge conveniently throughout North America.

“We are delighted to welcome Governor Bill Richardson as the Chairman of the Board of Directors of CarCharging,” said Michael D. Farkas, CEO of CarCharging, in a statement. “EVs have made tremendous strides since their launch. EV sales have outpaced sales of traditional hybrids during the first two years of their respective launch periods, and 2012 EV sales, not including December, are more than 250 percent greater than 2011 sales.

To support the development of EV charging infrastructure, we believe that there should be a partnership between business and government, and we are confident that the Governor’s vision, leadership, and experience will provide a bridge between these sectors.”

During his career in public service, Richardson also served as an Ambassador to the United Nations and was nominated for the Nobel Peace Prize on several occasions. Among his many achievements was successfully making New Mexico the “Clean Energy State” by requiring utilities to meet 20 percent of New Mexico’s electrical demand from renewable sources, and establishing a Renewable Energy Transmission Authority to deliver New Mexico’s world-class renewable resources to market. Richardson has also served on the Board of Directors for major energy companies in the past.

“I am pleased to join CarCharging’s Board and to serve as their Chairman,” Richardson said in a statement.  “CarCharging has outpaced all others in their field and I look forward to working with this industry pioneer in hopes to accelerate the development of EV charging infrastructure and to reduce the nation’s dependence on fossil fuels.”

Headquartered in Miami Beach, FL, CarCharging looks to provide a comprehensive turnkey electric vehicle charging service to commercial and residential property owners. CarCharging's business model is designed to accelerate the adoption of public EV charging services, eliminating costs for property owners by paying for all installation, maintenance and related services. The company has offices in San Jose, CA; Toronto, Canada; and Barcelona, and Spain.

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