SOURCE: Ronn Motor Company, Inc.

Ronn Motor Company, Inc.

October 21, 2010 09:00 ET

Ronn Motor Company Enters Into an Engagement Agreement With KPN Advisors, LLC

MARBLE FALLS, TX--(Marketwire - October 21, 2010) -  Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today that it has engaged KPN Advisors, LLC to serve as Chief Executive Officer to manage, commercialize and market its automotive and automotive related products and services, and to provide other management services as needed by the Company. KPN will lead the Company in determining and developing business alternatives and strategies, and will lead efforts to recapitalize the Company. 

"KPN Advisors provides a depth of management and automotive expertise and experience that few companies ever see; we believe their association with RMC improves our chances of success beyond measure, and brings new confidence to our shareholders," said Ronn Maxwell, CEO, Ronn Motor Company, Inc.

KPN Advisors, LLC, a premier business and management advisory firm located in Austin, TX, provides business solutions and implementation assistance to owners, senior management and leadership teams for achievement of execution excellence; successful strategic growth; and stimulation of entrepreneurial spirit and vision. For more information about KPN, please visit our Web site at

Ronn Motor Company, Inc (PINKSHEETS: RNNM), is an automotive 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

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

  • Contact:
    Kim Pichanick
    Managing Director
    KPN Advisors, LLC
    (O) 830-798-2139