SOURCE: Ronn Motor Company

Ronn Motor Company

January 31, 2012 15:00 ET

Ronn Motor Company Announces Financial Audit

HOUSTON, TX--(Marketwire - Jan 31, 2012) - Ronn Motor Company (PINKSHEETS: RNNM) announces that effective immediately the company has started an intensive financial and transactional audit for the years ending 2009 - 2011.

Ronn Motor Company announced today, teaming with Agility Business Partners, LLC and M&K CPAS, PLLC, the company has started the process to achieve its goal to be a "Reporting Company." The first step in this process is to conduct a full two-year audit on all financial transactions and three-year transactional audit on all shareholder related transactions.

"Bringing integrity and confidence in our financial reporting and financial processes is a critical action our company must take," said David McGee, CEO of Ronn Motor Company. "We believe the team we've assembled will conduct this audit process in a professional and efficient manner and further positions us toward being a 'Reporting Company' -- a key objective for us. This financial audit should be completed early in this first quarter and enables us then to take the comprehensive step of completing a Form S-1 filing with the SEC."

Ronn Motor Company (PINKSHEETS: RNNM), located in Houston, TX, is a technology-driven design, development and manufacturing company specializing in the creation and delivery of innovative green products and related technologies through green systems and green-oriented engines for both transportation and fixed platforms. For more information about Ronn Motor Company, please visit our Website 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 such as "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 are reasonable; however, 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.