SOURCE: Ronn Motor Company

Ronn Motor Company

December 09, 2009 09:00 ET

Economic Development Corporation for the City of Marble Falls Teams Up With Ronn Motor Company to Provide New Manufacturing Headquarters

AUSTIN, TX--(Marketwire - December 9, 2009) - Ronn Motor Company (RMC) (PINKSHEETS: RNNM) announced today that it has consummated a deal with the Economic Development Corporation in the City of Marble Falls, Texas to relocate to a new manufacturing headquarters which will feature a showroom, executive offices and an assembly plant outfitted with state-of-the-art equipment.

The City of Marble Falls recently voted and passed a referendum for the issuance of bonds to cover the purchase, remodeling and renovation of a 76,000 sq. ft. manufacturing facility, to include more than 10,000 square feet of offices and show rooms, located on 7.5 acres within the City of Marble Falls. Remodeling will commence immediately and is expected to be completed within the first quarter of 2010.

This is one of the biggest events to happen in Marble Falls. At a time when the entire country is in need of new jobs, Ronn Motors will be creating and bringing a significant number of new, skilled labor job opportunities to the city, providing a welcome boost to the Marble Falls economy. Ronn Motors' relocation is a major step forward and has received the full backing and support from both the City and the State of Texas.

The facility and the monies being made available through the Economic Development Corporation will provide Ronn Motors with sufficient space to expand production of the Scorpion HX™, to begin development of its second generation automobile, a hydrogen, electric-plug-in hybrid, to expand research and development and to gear up for production and manufacturing of other related, "green" products.

Ronn Maxwell, CEO of Ronn Motors, commented, "We are very excited about our new headquarters and the extent of support, enthusiasm and financial consideration we have received from the City of Marble Falls, the Marble Falls Economic Development Corporation and the State of Texas. Moving to our new facility will allow us to drive forward more quickly, helping to create and motivate change in the world through the delivery of sustainable, eco-friendly, alternative energy/power systems, as well as more energy efficient automobiles."

Headquartered in Marble Falls, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and "green," eco-responsible technology. These technology systems include Hydrogen Fuel, Fuel Cells, and Plug-in Electrics and will be incorporated into our automobiles to be made available for aftermarket applications. Our products, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality, position the company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit

This release contains forward-looking statements that reflect Ronn Motor Company's (the "Company") plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

  • Ronn Motors Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7917 or 972-571-1624
    972-378-7981 (fax)