Construction Underway for New Ronn Motor Company HQ and Scorpion HX™ Manufacturing Facility. Print E-mail
Tuesday, 19 January 2010 00:00

AUSTIN, TX -- (Marketwire) -- Ronn Motor Company (RMC) (PINKSHEETS: RNNM) announced today that construction is well underway towards the completion of its new 76,000 sq. ft. manufacturing facility and company headquarters. This new facility will feature a showroom, 10,000 square feet of executive offices and space for an assembly plant outfitted with state-of-the-art equipment.

Renovation of the building, which began in mid-December, is moving along rapidly. The manufacturing area is expected to be competed and available for the Company to begin moving in by the end of February, with the renovation of the executive offices and showroom scheduled and on target for completion by the end of March. Collectively, the Economic Development Corporation and the City of Marble Falls have budgeted, allocated and funded approximately $2.5 million for the project.

Ronn Maxwell, CEO of Ronn Motors, commented, "This is an exciting time for our company. We are on track to be fully operational by the end of March and in full production of the Scorpion HX™ by the end of April 2010. We will be reconnecting with our client base to confirm existing reservations and to begin taking new reservations for the Scorpion. Each of these confirmed reservations will require an initial deposit of $50,000. We will also be moving some of the distribution of the Ronnzoil line of biodegradable lubricants and the H2GO™ real time hydrogen generation system to our new Marble Falls facility in the 2nd Quarter of 2010.”

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 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.

Ronn Motors Investor Relations Contact:

The Eversull Group, Inc.
Jack Eversull
972-378-7917 or 972-571-1624
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

Photo Gallery

Top Front View - SEMA '08 - photo by Christine McCown H2GO™  Testing On the Show Floor H2GO™  Testing Sleek Design - photo by BrianFitzsimmons.com Rear View - photo by BrianFitzsimmons.com H2GO™  Testing Rear View - SEMO '08 - photo by Christine McCown Sleek Design - SEMA '08 - photo by Christine McCown

The Chaplin's Corner

Search The Site

Strategic Alliances

I Drive Green
I Drive Green – It’s easy to live a greener lifestyle - without sacrifice

Metalcrafters
Provider of the Scorpion composite body tooling, engineering and detail work.

Legal Notice

This document is not a legal instrument and does not constitute an offer to sell securities. This is simply an overview of our company and a brief description of our current state of operations.  This document contains forward-looking statements and financial forecasts that reflect the plans and expectations of Ronn Motor Company (“Company”).  In this document and related comments by Company management, words and phrases like “expect,” “anticipate,” “will feature,” “will include,” “will use,” “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 financial forecasts, and the judgments upon which they are based, to be reasonable, but they involve numerous known and unknown risks are not guarantees of actual future performance or financial position, which may be materially different from what is expressed or implied by these forward-looking statements and financial forecasts.