The Future is Now
Car Charging, Inc., is a company dedicated to a clean, sustainable environment and an economically strong, energy-independent America. We join hands with the US government's initiative to turn dream into reality. 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.
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The Power is Yours
We install electric car charging stations in convenient locations across North America. We anticipate locking down 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.
Dealers and distributors SELL charging units which requires a capital outlay by the business / property owner for the units themselves as well as installation costs and municipal permitting fees. Once they are sold, the dealers and distributors have nothing more to do with them. We do not sell our units. We provide, install, maintain and service the units at no cost to the business / property owner. We provide a service for a fee borne only by the EV owner.
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The era of electricity becoming a mainstream transportation fuel is imminent. Major automakers, including General Motors, Toyota, Ford, Mercedes, Volvo, BMW and Nissan are developing a new generation of energy efficient cars called Extended Range Electric Vehicles (EREV), plug-in hybrid electric vehicles (PHEVs), and all-battery electric vehicles (BEVs). voltIn addition, other car companies such as Tesla Motors are already shipping BEVs. General Motors, Toyota and Nissan have all announced plans to have BEVs, EREVs or PHEVs available in 2010. All of these cars have one thing in common: They must all be recharged. They need to connect to the existing electric grid to recharge their batteries. Exclusively electric Plug-in vehicles are the next generation. The term "plug-in vehicles" refers to any vehicle that can be recharged from the electric grid. Today's hybrids offer efficiency of up to 60 miles per gallon; plug-in cars are projected to deliver 100-150 miles per gallon or better in an all electric operation.
U.S. Grants and Tax Initiatives
In an effort to reduce America's dependence on foreign oil and to commit America to a clean environment, the United States Government is utilizing grants and tax incentives to jump start the EV industry, as listed below. We intend to utilize this unprecedented resource towards the expansion of our business. In September of 2008, Congress approved a $25 billion automotive retooling program earmarked for the electric car industry. The fact that the government is strongly committed in its support of the EV industry bolsters our work and increases confidence in our industry.
Alternative Fuel Vehicle Refueling Property Credit
- The Energy Policy Act (EP Act) of 2005 (Pub. L. No. 109-58, § 1342) provided an income tax credit equal to 30 percent of the cost of installing new alternative fuel vehicle refueling property at each location by the taxpayer but was limited to a maximum of $30,000 in the case of business property
- The American Recovery and Reinvestment Act (H.R.1) passed on February 10, 2009, increases the credit from 30% (capped at $30,000) to 50% (capped at $50,000) for business property placed in service in 2009 and 2010
- If the refueling property is acquired by a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that property is described in section 50(b)(3) or (4), the company that sold the fueling equipment can claim tax credit - but only if they provide the customer with written notification of the credit value
California Assembly Bill 118 (AB118)
- AB118 signed into law in 2007
- $120M/year available for clean fuels and vehicle technology to address climate change
- Funds will be distributed in May or June of 2009 through the California Energy Commission
- Up to $7,500 Federal Tax Credit for purchase of new electric cars - based on battery size
- The U.S. stimulus package contains EV and infrastructure incentives
Michael D. Farkas
Co-Founder/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.
Mr. Kinard graduated from the Auburn University in 1987. His first employer was Florida Power & Light where he worked for 15 years. In his early years, his focus was on engineering. During his tenure, he performed energy analysis for large commercial accounts, and ultimately became a Certified Energy Manager. Simultaneously, Mr. Kinard got involved with FPL's EV program. FPL had their own fleet of EV's that they used to promote the technology.
He spent several years marketing renewable energy in Florida and was a Guest Speaker at the World Energy Congress. He also served on the Board of Directors of the South Florida Manufacturing Association for 4 years.
For the last year, Mr. Kinard has been selling EVs 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 is also a 25 gallon blood donor.
Since 1984, Mr. Adeline 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, Mr. Adeline served as an Audit Manager at Arthur Andersen and Coopers & Lybrand (PriceWaterhouseCoopers), 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.
Michael I. Bernstein
Mr. Bernstein is a graduate of New York University and Brooklyn Law School. Since 1996, he has been practicing law and is currently admitted in the state and federal courts of Florida, New York and New Jersey. Mr. Bernstein maintains his law practice in Miami Beach, Florida in the areas of corporate and business transactions, real estate and commercial litigation. Through his law firm, Mr. Bernstein serves as independent corporate counsel for several Florida based companies who transact business nationwide. In 2008, Mr. Bernstein was appointed and has served as a member of the Community Development Advisory Board (CDAC) of the City of Miami Beach.
Co-Founder & Member of our Advisory Board
For the last four years, Mr. Greenberg, a resident of Israel, has invested in and / or plays a senior management role in a number of start up companies. His areas of investments include electronic commerce, insurance, real estate and finance. Prior to that, Eric played a key role for the better part of seventeen years in portfolio management and trading at a billion dollar hedge fund.
He holds an MBA in finance from Baruch College.
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We will install and retain ownership of electric car charging stations in consumer convenient locations throughout North America. We anticipate locking down numerous convenient locations so as to provide ultimately easy access to the end user: the electric car owner.
The charging stations are manufactured by Coulomb Technologies http://www.coulombtech.com, the industry leader in electric charging stations. Through our relationship with NovaCharge, a direct distributor of the ChargePoint™ system, we are able to provide the business/property owner with the ChargePoint™ system at no cost.
This enables the business/ property owner to provide his customers or constituents with the service of convenient car charging while simultaneously benefitting monetarily from a percentage of the revenue from the charging station.
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The ChargePoint™ system allows us to supply a state-of-the-art charging experience for EV owners. By employing wireless networking technology, the system enables EV owners who subscribe to the network, to benefit from any and all ChargePoint™ stations, regardless of who owns the actual charging stations.
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Coulomb delivers networked charging stations and provides a service that meets the needs of drivers, municipalities, electric utilities and government entities by providing:
- A secure, safe, reliable way for consumers to charge their electric vehicles anywhere they park
- A sustainable business model for the rapid deployment of a plug-in vehicle charging infrastructure
- An infrastructure that enables rapid growth of the market for plug-in electric vehicles of all types
- Monitoring and control services to allow utilities to optimize grid use
- The lowest cost system operation and maintenance when compared to other options
- The ability to transition from gasoline tax revenues to tax models appropriate to electric vehicles
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Coulomb Technologies manages the ChargePoint™ Network and manufactures networked charging stations for electrical vehicles. Coulomb Technologies was founded in 2007 by experienced entrepreneurs and executives from Cisco Systems, Lucent Technologies, 3Com Networks, Echelon Corporation, and Tesla Motors.
NovaCharge is based in Tampa, Florida. The company was founded in 2008 to address the emerging need for a next-generation Electric Vehicle charging infrastructure. NovaCharge provides the emerging Electric Vehicle market with convenient, affordable, grid-friendly charging stations that provide access across both public and private locations. NovaCharge is proud to be an exclusive distributor for the ChargePoint System and Smartlet Charging Stations from Coulomb Technologies.
NovaCharge is an Exclusive Authorized Channel for Coulomb Technology products in the Southern region of the USA including: Florida, Georgia, Virginia, North Carolina, South Carolina, Alabama, and Mississippi.
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Car Charging Group, Inc.. (OTCBB:CCGID)
Car Charging Group, Inc., is a company dedicated to a clean, sustainable environment and an economically strong, energy-independent America. We join hands with the US government's initiative to turn dream into reality. 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.
| Outstanding: || 89,840,878 |
| Float: || 19,757,549 |
Listed: OTC BB
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03/16/2011 02:27 PM EDT
Car Charging Group, Inc.
1691 Michigan Ave
Suite # 425
Miami Beach, Fl 33139
President: Andy Kinard
Issue Type: Common Stock
Industry: Diversified Services
Michael D. Farkas
Chief Executive Officer
Chief Financial Officer
Holladay Stock Transfer
2939 N 67th Place
Scottsdale, AZ 85251
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Car Charging, Inc
1691 Michigan Ave, Suite 425
Miami Beach, FL 33139
Office (305) 521-0200
Fax (305) 521-0201
General Email: [email protected]
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