Tauriga Biz Dev. Corp. Enters into Reseller Agreement with Blink Charging Company; Agreement Presents the Company with Potential Long-Term Recurring Revenue Opportunity
NEW YORK, NY, April 26, 2018 (GLOBE NEWSWIRE) — Tauriga Sciences, Inc. (OTC PINK: TAUG) (“Tauriga” or the “Company”), engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and other investments, today announced that its wholly owned subsidiary, Tauriga Biz Dev. Corp. (“TAUG BIZ DEV”), has executed an Independent Sales Reseller Agreement (“Reseller Agreement”) with Blink Charging Company (NASDAQ: BLNK) (“Blink”), owner, operator, and provider of electric vehicle charging equipment and networked charging services, that presents the Company with a potential long-term and sustainable revenue opportunity. Under terms of this agreement, TAUG BIZ DEV will help Blink expand its already significant national electric vehicle charging network.
The Company and its board of directors have spent a considerable amount of time evaluating this opportunity and believes that it can potentially enhance shareholder value.
Commenting on this Agreement, Tauriga’s CEO Seth M. Shaw expressed, “The Company believes that Blink has built a unique infrastructure to service the rapidly growing electric vehicle market segment. We are pleased to join efforts to help this network expand while simultaneously providing our shareholders with a potential revenue opportunity through the sales revenue model regarding any locations we help source per our agreement with Blink.”
Blink Charging Company CEO, Mike Calise stated, “It is critical to our continued commitment to transforming transportation that we remove all barriers for electric vehicle adoption and a huge part of that is making sure EV drivers have access to charging stations wherever they work, live, and go. Tauriga Sciences Inc. role as an Independent Sales Reseller is a welcome strategic move in establishing even more installations with valued and accessible properties, delivering the infrastructure the industry needs to prepare for mass EV adoption.”
Lastly, Tauriga wishes to specify that this above-referenced Reseller Agreement is separate from the previously disclosed potential acquisition candidate that Tauriga is currently contemplating.
ABOUT TAURIGA SCIENCES, INC.
Tauriga Sciences, Inc. (OTC PINK: TAUG) is engaged in building business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities/equity investments. The Company is currently evaluating potential acquisition candidates, as previously disclosed, to create lasting shareholder value. Additionally, the Company is working diligently to identify potential opportunities to generate revenue and leverage its considerable resources and expertise to build a diversified and sustainable business model. Please visit our corporate website at www.tauriga.com
ABOUT BLINK CHARGING CO.
Blink Charging (NASDAQ: BLNK, BLNKW) is one of the leaders in nationwide public electric vehicle (EV) charging equipment and services, enabling EV drivers to easily charge at locations throughout the United States. Headquartered in Florida with offices in Arizona and California, Blink Charging’s business is designed to accelerate EV adoption.
Blink Charging offers EV charging equipment and connectivity to the Blink Network, a cloud-based software that operates, manages, and tracks the Blink EV charging stations and all the associated data. Blink Charging also owns and operates EV charging equipment predominantly under the Blink brand, as well as using a number of other charging station equipment manufacturers such as ChargePoint, General Electric (GE) and SemaConnect. Blink Charging has strategic property partners across multiple business sectors including multifamily residential and commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking, schools, and workplaces.
For more information about Blink Charging, please visit BlinkCharging.com
This press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 which represent management’s beliefs and assumptions concerning future events. These forward-looking statements are often indicated by using words such as “may,” “will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or plans, and may include statements regarding corporate objectives as well as the attainment of certain corporate goals and milestones. Forward-looking statements are based on present circumstances and on management’s present beliefs with respect to events that have not occurred, that may not occur, or that may occur with different consequences or timing than those now assumed or anticipated. We cannot guarantee that, through our agreement with Blink or other business ventures we have entered into or may in the future enter, we will generate revenues, and cannot predict the amount of revenue generated, or for how long any such revenues would continue to be generated. Actual results may differ materially from those expressed in forward looking statements due to known and unknown risks and uncertainties, such as are not guarantees of general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions, fluctuations in exchange rates, and other factors over which Tauriga has little or no control. Many of these risks and uncertainties are discussed in greater detail in the “Risk Factors” section of Tauriga’s Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release, and Tauriga assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. You should not place undue reliance on these forward-looking statements.