Business & Finance
Business and Finance
Business and Finance
Mon, July 12, 2010 Ronn Motors Ready for the Environmentally Friendly Auto Sector
MARBLE FALLS, TX--(Marketwire - July 12, 2010) - After a period of reorganization, Ronn Motors (
Now, with a new financing facility, the Company is able to move forward and fully implement our business plan. We have retained a new marketing company for our Scorpion® eco-exotic supercar and our aftermarket automotive products and have a new focus on developing revenue from our proprietary technology.
We are securing the necessary funding to develop new electric and hybrid vehicles and expect to be in production during 2012. We intend to develop a more mass market vehicle that will be stylish, practical and affordable. Unlike our competitors, we will retain full ownership of our development process using proprietary designs. We have deployed our own representatives to showcase our vehicles and negotiate deals with some of the world's largest automobile companies in Asia.
Ronnzoil® and H2GO® will be marketed much more aggressively with their own sales team and management structure, initially in Asia. We also intend to establish international networks for distribution of these products worldwide.
Industry experts predict that hundreds of thousands of electric and hybrid vehicles will be hitting the road over the next 18 months. As a result, the electric and hybrid vehicle industry will become a multibillion dollar phenomena within a very short period of time.
Ronn Motor Company is well positioned to offer not only our own unique brand of eco-exotic super car and more family friendly vehicles into this market but also our H2GO® technology and out biodegradable Ronnzoil® lubricants, motor oils and hydraulic fluids. This combination will allow for us to grow year on year and become one of the major USA based environmentally friendly vehicle and aftermarket automotive product manufacturers.
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.
