SOURCE: Ronn Motor Company

Ronn Motor Company

December 07, 2011 13:03 ET

Ronn Motor Company Announces an Executive Management Services Contract With ThinOps Capital, LLC

MARBLE FALLS, TX--(Marketwire - Dec 7, 2011) - Ronn Motor Company (PINKSHEETS: RNNM) announces a comprehensive executive management services contract with ThinOps Capital, LLC.

Ronn Motor Company and ThinOps Capital, LLC have signed an agreement whereby ThinOps Capital will serve solely as the Chief Executive Officer of Ronn Motor Company. David McGee of ThinOps Capital will assume the role and responsibilities of Chief Executive Officer overseeing all facets of operations.

"We are excited about our relationship with ThinOps Capital and their vision for Ronn Motor Company in executing the commercialization of our H2GO technology and continuing to evolve the Scorpion car platform. ThinOps Capital has the accumulated management depth, experience and resources to transform our company and bring our environmentally responsible products and services into the marketplace," said Ronn Maxwell, Chairman of Ronn Motor Company.

"We saw in the technologies that the Ronn Motor Company has designed and developed an opportunity to bring to the global marketplace, not only leading environmentally responsible platforms, but an opportunity for Ronn Motor Company's clients to increase their return on investment," said David McGee, CEO of Ronn Motor Company and Principal in ThinOps Capital.

ThinOps Capital is a Houston-based private equity and business advisory company concentrating on executive management and capital financing. For more information about ThinOps Capital, please visit our Web site at www.thinopscapital.com

Ronn Motor Company (PINKSHEETS: RNNM), is a design, development and manufacturing company specializing in the creation and delivery of innovative green products and related automotive technologies through green systems and green automobiles, located in Marble Falls, TX. For more information about Ronn Motor Company, please visit our Web site at www.ronnmotors.com

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.