SOURCE: Ronn Motor Company

Ronn Motor Company

July 15, 2010 09:45 ET

Ronn Motors Ready to Receive Orders for Its Scorpion® HX Eco-Exotic Supercar

MARBLE FALLS, TX--(Marketwire - July 15, 2010) -  Ronn Motor Company (PINKSHEETS: RNNM) announced today that is ready to receive purchase order commitments and reservations for its Scorpion® HX eco-exotic supercar. With its new financing arrangements, the Company expects to be in a manufacturing facility by the end of August 2010. If the Company is delayed in any way, we will produce the cars in a temporary facility.

Customers who desire to order their own Scorpion® can do so by contacting the Company's Founder and President, Ron Maxwell, or by completing the information required in the New Order Form that will soon be linked to the Company's web site (www.ronnmotors.com). A minimum deposit of $50,000 will be required to secure a customer's place in the construction queue. An amount equal to 50% of the total purchase price of the car will be required when the vehicle body is received and fitted to the chassis and the remainder will be due upon delivery of the vehicle. The base price for the Scorpion® HX is $250,000. Customers will be able to select their own customized color for their car and can make certain individualized selections for the interior as well, and other options as desired and available.

Ron Maxwell, Company President, remarked, "With 650 horse power generated from its twin turbocharged engine, the Scorpion® HX is not only a very powerful car but its exterior design is nothing short of automotive art. Mr. Maxwell added, "The Scorpion® HX is more than a heady mixture of power and beauty -- the Company's proprietary H2GO® on demand hydrogen production for increased gas mileage and reduced emissions."

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. Our products will be incorporated into our originally designed and manufactured automobiles and will also 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 greater fuel efficiency. For more information, please visit 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.

Contact Information

  • Contact:

    Ronn Motors Investor Relations Contact:
    Ronn Motor Company
    830-693-0802