SOURCE: Ronn Motor Company

Ronn Motor Company

October 15, 2009 09:00 ET

Successful Completion of H2GO™ Field Trials Leads Ronn Motor Company to Move to OTC Bulletin Board Trading

AUSTIN, TX--(Marketwire - October 15, 2009) - Ronn Motor Company, Inc. (RMC) (PINKSHEETS: RNNM) announced today that following the successful completion of the H2GO™ real-time hydrogen injection system extensive on-road field trials and the impressive results that are being documented for publication, it has taken appropriate steps to pave the way for its move to OTC Bulletin Board trading, the next step in a phased move towards a formal stock exchange listing.

Ronn Motors has retained the law firm of Ferguson Davis, P.C. (recognized as "Super Lawyers" by Texas Monthly Magazine) to oversee the process, which is expected to be finalized before year end.

Ronn Maxwell, CEO of Ronn Motors, commented, "We knew that we would eventually get to this point. As we prepare for production on both our H2GO™ system and our eco-exotic Scorpion™ supercar, now is a good time to move our securities from Pink Sheets to OTC trading, assuring our Company of even more credibility and transparency."

With this upcoming move to a fully reporting status on the OTC Bulletin Board, Ronn Motors is in discussion and is anticipating the selection of an independent auditing firm to provide investors with assurance that RMC's financial condition and operating results are correctly reported.

Headquartered in Horseshoe Bay, 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 www.ronnmotors.com.

This release contains forward-looking statements that reflect Ronn Motors 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)
    Email Contact