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As previously reported on Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 17, 2013, on September 16, 2013, ECOtality, Inc. (the “Company”) and its U.S. subsidiaries (collectively with the Company, the “Debtors”) each filed a voluntary petition for relief (the “Bankruptcy Filing”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Arizona (the “Bankruptcy Court”). In connection with the Bankruptcy Filing, on October 8, 2013, the Debtors conducted a Section 363 auction for the sale of substantially all of the Debtors’ assets (the “Auction”). As a result of the Auction, the Debtors reached agreements with the following parties with respect to the assets indicated, which comprise substantially all of the assets of the Debtors: (i) with Intertek Testing Services NA, Inc. for its purchase of assets related to the Company’s eTec Labs business line (the “ETEC Agreement”); (ii) with Access Control Group, LLC for its purchase of assets related to the Company’s Minit-Charger business line (the “Minit-Charger Agreement”); and (iii) with Blink Acquisition LLC for its purchase of assets related to the Company’s Blink Network business line (the “Blink Acquisition Agreement” and, together with ETEC Agreement and Minit-Charger Agreement, the “Agreements”). The transactions contemplated by the ETEC Agreement and the Minit-Charger Agreement each closed on October 11, 2013 and the transaction contemplated by the Blink Acquisition Agreement closed on October 16, 2013.

The following are links to the websites for the purchaser under each of the Agreements:

Intertek Testing Services

Access Control Group

Blink Acquisition

ECOtality is not responsible for the content on these websites, as it did not prepare the content and does not control the content of the information on the sites. If you have any questions regarding the information on one of the sites, please contact the respective company directly.

ADDITIONAL NOTICE

As of November 12, 2013, the Company believes that, under the current circumstances, its remaining assets, including the proceeds of the transactions described above, will be insufficient to satisfy the claims of creditors in full and, therefore, will not entitle shareholders to receive any distribution in the Company’s chapter 11 case.

The documents filed with the Bankruptcy Court that relate to the Auction, as well as other documents filed with the Bankruptcy Court in connection with the Bankruptcy Filing, are available for inspection at the Office of the Clerk of the Bankruptcy Court, online at www.azb.uscourts.gov for a fee, and for free at www.kccllc.net/ECOtality

FORWARD LOOKING STATEMENTS

This website 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. The statements contained in all parts of this Current Report that are not historical facts are, or may be deemed to be, forward-looking statements. These forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are based on the beliefs and assumptions of our management relying on currently available information and are not guarantees of future performance.

When used in this website, the words “anticipate”, ”estimate”, ”expect”, “may”, ”plan”, ”project”, ”believe”, and similar expressions are intended to be among the statements that identify forward-looking statements. Our results may differ significantly from the results discussed in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that are difficult to predict and that that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, among other things, the risk of new developments in the bankruptcy process. You should carefully consider the risks and uncertainties described under this section. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those projected. The forward-looking statements in this document are made as of the date on which they are made and we do not undertake any obligation to update or revise any forward-looking statements for any reason, except as required by law.

 

CORPORATE GOVERNANCE

 

ECOtality, Inc.
PO Box 20336
Phoenix, Arizona 85036-0336

 


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