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Ronn Motor Company Signs Letter of Intent With SCS/Frigette for Manufacturing and Global Distribution of the H2GO(TM) Real-Time Hydrogen Injection System Exclusive Manufacturing and Distribution Rights With Frigette, a Global Distributor of Automotive Aftermarket Products to Be Finalized; Sales Estimated at One Million Units for First Three Years AUSTIN, TX--(MARKET WIRE)--Nov 6, 2008 -- Ronn Motor Company, Inc. (Other OTC:RNNM.PK - News) is
pleased to announce today that the Company has signed a
Letter of Intent
with SCS/Frigette, located in Ft. Worth, Texas, for the
manufacturing and
distribution of its proprietary H2GO(TM) Real-Time Hydrogen
Injection
System.
SCS/Frigette is an OE supplier of air conditioning equipment to many vehicle manufacturers and has been recognized as a top tier vendor. Additionally, SCS/Frigette is a supplier of custom air conditioning systems for trucks, vans and recreational vehicles along with cruise controls, power windows, power door locks and security systems. Frigette ships to nearly 170,000 locations nationwide that use parts either directly or indirectly manufactured by Frigette and distributed through their nine regional distribution centers nationally. This distribution network, developed over more than 40 years, will give the H2GO(TM) system access to a national footprint immediately. Additionally, Frigette will give H2GO(TM) a global presence with distribution networks already in place in Europe and in the countries of India, China, and Russia. Phillip Kreymer, Director of Marketing for Frigette, stated, "Sales of one million units over three years is easily within our manufacturing & distribution capabilities, at the suggested retail price of $999.00. This would produce revenues in the one billion dollar range." Robert B. Kreymer, President of Frigette, commented, "Once again, we are truly ecstatic about working with Ronn and his team. On previous occasions, we have partnered with Ronn Maxwell with a number of his designed, developed and patented products. Over the years we have established a relationship with a proven track record that has consistently provided and demonstrated positive results." COO of Ronn Motors, Damon Kuhn, added, "SCS/Frigette has several support companies that specialize in metal fabrication, electronics, circuit board supply and vacuum formed plastics that align nicely with our needs for the H2GO(TM) system. Their network of nine regional distribution centers and over 5,000 distributors and key installers will enable our fuel saving system to be easily accessed by all consumers." Ronn Motor Company is finalizing the contract with Frigette for manufacturing, sales and distribution of the H2GO(TM) system. Frigette is the largest aftermarket supplier of automotive a/c systems, a/c parts, including many Original Equipment vehicle manufacturers such as General Motors, Ford, Honda, Isuzu, Jaguar, Mazda, Nissan, and Subaru, and has been awarded the coveted "Q1 Supplier Award" by Ford Motor Company and the "First Team Supplier Award" by Nissan Motors of America. They also supply products to thirty-nine (39) OEM Recreational Vehicle manufacturers. SCS/Frigette quality control standards have been approved by Chrysler Motors, Ford Motor Company, General Motors, Honda, Hyundai, Isuzu, Jaguar, Mazda, Nissan, Saturn, Subaru, GAZ, VAZ, and Volvo. Ronn Motor Company has the H2GO(TM) system at the SEMA show November 4th - 7th in Las Vegas, installed in its popular Scorpion(TM) eco exotic super car. The Scorpion(TM) will utilize the H2GO(TM) system along with gasoline or ethanol to power the twin turbo V-6 speedster. Mr. Maxwell continued, "We want to bring this technology to the forefront and believe that offering the H2GO(TM) system to the general market will have the most immediate financial impact to our Company, reduce foreign oil imports and help clean up the environment." Headquartered in Austin, 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 technology systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics will be incorporated into our automobiles and 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 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. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=868949 Contact: Ronn Motors Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact
Source: Ronn Motor Company, Inc.
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