AUSTIN, TX — (Marketwire) — 03/06/09 — Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today the Company has entered into an Investment Banking Advisory Agreement with Pepperwood Partners of Dallas, Texas in order to enhance the Company’s growth plans and seek a best efforts capital infusion of $25 million, for ongoing development of their hydrogen, hydrogen fuel cell, electric and alternative environmentally clean automobile systems.
Pepperwood, and its predecessor company, has been in business providing services related to investment banking since 1998. The principals at Pepperwood have previously been engaged in over $300 million worth of automotive transactions.
Pepperwood Managing Director, Michael J. O’Donnell, stated, “As a boutique advisory firm focusing on high growth industries, we feel Ronn Motor Company will be one of the most exciting projects we work on this year. This relationship between Ronn Motor Company and Pepperwood has been arranged in order to provide the capital necessary to fuel their company through its growth phase.”
Pepperwood joined Ronn Motor Company at the annual SEMA show in Las Vegas in November 2008 and also at the MACS convention at the Dallas Hilton Anatole in February 2009.
Ronn Maxwell, CEO of Ronn Motor Company, commented, “We are very pleased to have a relationship with Pepperwood, who is known to have valuable industry contacts and consulting capabilities that can help guide us through the next phase of our business plan. The funds raised will be used for Research and Development of clean automobile technologies and not for the development of a car.”
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 technology. These systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics. These features, coupled with RMC’s core values of a strong sense of ethics, environmental sensitivity and premium quality, positions the Company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit www.ronnmotors.com.
For more information on Pepperwood, contact (972) 239-0260, mjo@pepperwoodpartners.com or visit www.pepperwoodpartners.com.
This release contains forward-looking statements that reflect Ronn Motor 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
972-378-7981 (fax)
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