NEW YORK and SAN FRANCISCO, May 6, 2013 (GLOBE NEWSWIRE) -- The Piacente Group (TPG), a full-service investor relations firm with offices in New York, California and Beijing, today announced that ECOtality, Inc. (Nasdaq:ECTY), a leader in clean electric transportation and storage technologies, has retained TPG as its investor relations advisor. TPG will assist ECOtality in implementing strategic investor communications and outreach programs designed to increase the Company's visibility among the financial community.
"We are delighted to have been selected by ECOtality as their investor relations partner and we look forward to a productive relationship," said Brandi Piacente, President of TPG. "With a strong history of innovation and strategy to generate recurring, predictable revenues streams through its rapidly growing Blink network, ECOtality is well positioned to expand its business and further its leadership in the nascent EV market. We look forward to helping ECOtality communicate the value proposition of its three core businesses; Blink, Minit Charger and ETEC LABS, while raising the Company's profile within the investment community."
"The considerable progress we have made to date has provided an important foundation for our future growth. We have built a sizeable electric vehicle infrastructure that includes an installed network of over 10,000 Blink charging stations and nearly 100 DC Fast Chargers making ECOtality the nation's largest DC fast charging station network," said Ravi Brar, CEO of ECOtality, Inc. "We are fulfilling our promise of monetizing our technology by instituting access fees, licensing agreements and advertising programs and now is an ideal time to refine our message and increase our exposure on Wall Street. We believe that TPG will be an excellent partner to support these efforts."
About The Piacente Group
The Piacente Group ("TPG"), Inc. is a full service investor relations and financial communications consulting firm with offices in New York, California and Beijing. Representing a strong portfolio of U.S.-listed companies, TPG develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. Value-driven communications, proactive outreach to Wall Street, targeted media relations and innovative social media methodologies work in concert to market TPG's clients' securities before optimal investment audiences.
Please visit The Piacente Group at www.tpg-ir.com/">www.tpg-ir.com, Facebook and LinkedIn. Follow us on Twitter at http://twitter.com/tpgir.
About ECOtality, Inc.
ECOtality, Inc. (ECTY) is a leader in clean, electric transportation technologies. The company operates three complementary lines of business: Blink, Minit-Charger and eTec Labs. ECOtality offers electric vehicle charging stations under the Blink brand and provides a turnkey network operating system for EV drivers, commercial businesses and utilities. Minit-Charger manufactures and distributes fast-charging systems for material handling and airport ground support vehicles. eTec Labs is a trusted research and testing resource for governments, automotive OEMs and utilities. For more information about ECOtality, please visit www.ecotality.com.
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The ECOtality, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13434
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.