HORSESHOE, TX – January 22, 2010 – (Motor Sports Newswire) – Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today that they have received the first purchase order for the manufacture and delivery of the Scorpion HX™ eco-exotic supercar, from Eco Luxury Motorsports , the newly formed subsidiary of Angeltouch Petroleum & Refining, Inc.
After announcing the award of the exclusive territorial rights to distribute the Scorpion supercar in Florida and Georgia, Ronn Motor Company has received its first order for 10 units from Eco Luxury Motorsports. Each car is expected to carry a retail price of $250,000, plus additional amounts for any special customization ordered by the customer. This will represent potentially $2,000,000 of new revenue to Ronn Motors. The cars will be distributed to purchasers in the Miami/Ft. Lauderdale, FL and Atlanta, GA markets. The first of the newly manufactured units is expected to be delivered in third quarter of 2010, shortly after the commencement of full scale production in Ronn Motor’s new 80,000 square foot manufacturing facility in Marble Falls, Texas, the result of a unique public-private partnership between Ronn Motors and the Economic Development Corporation for the City of Marble Falls, Texas.
Mr. Brian A. Dupree, CEO of the Angeltouch group of companies, said, “We have worked very hard to bring the Scorpion HX™ to the Miami and Atlanta markets for direct sales. Although the car is intended to be customized to the individual buyer’s tastes, we believe that once the Scorpion is available and seen on the streets of Miami and Atlanta, its unique and beautiful design will naturally attract attention and inquiries from interested buyers. Based on our preliminary efforts, our target market is responding extremely well. We have already received dozens of inquiries as to when the vehicle will be available and ready for sale. Potential buyers are already requesting a spot on the reservation list to have their very own custom edition. We have had inquiries from our own executives here at Angeltouch, to the executives at national and international companies with whom we deal regularly, to professional athletes and others like up and coming young hip-hop artist Jordan “JAE-O” Williams of Die Rich Records. The response has been absolutely phenomenal.”
Eco Luxury Motorsports, Angeltouch’s new automotive distribution subsidiary, will wholesale and directly retail the new automobile in the major metropolitan cities within its exclusive territories of Georgia and Florida. Eco Luxury Motorsports expects to start its major marketing push for the first production units within the Miami, FL, Fort Lauderdale, FL and Atlanta, GA metro areas with quick expansion into Palm Beach, FL, Naples, FL and Orlando, FL thereafter. Since the January 7th announcement, there have been over 20 inquiries made that have indicated serious consideration for purchases. Once the production schedule is solidified, Eco Luxury Motorsports will begin accepting orders and deposits from customers for their own customized version of the Scorpion HX™.
Ronn Maxwell, CEO of Ronn Motor Company, stated that, “We are genuinely excited about the response Eco Luxury Motorsports has received for the Scorpion HX™. Our new partner for the Florida and Georgia markets has actively been promoting Ronn Motor Company and the Scorpion to its high net worth, professional athlete and entertainment clientele. We are busily preparing our new facility in Marble Falls to commence production and distribution of the Scorpion HX™, our H2GO™ real time hydrogen generation product, and to house and distribute our line of Ronnzoil biodegradable lubricants. While it has been a long wait, we wanted to be sure that we were truly ready to manufacture and distribute the best products on the market that live up to the high standards we have placed on each and every product line undertaken by Ronn Motors. We are thrilled to be working with Brian Dupree and the Eco Luxury Motorsports and foresee a very successful, long-term partnership.
About Ronn Motors:
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
Angeltouch Petroleum & Refining, Inc., based in Stockbridge, Georgia, is a private crude and refined petroleum product reseller and an emerging company in the charge for financing and developing alternative energy products and projects. The company’s private capital unit researches alternative energy projects and structures investments therein by using its own private capital and coordinating the application of other project financing resources. Angeltouch is an aggressive energy company that is dedicated to promoting and making investments in alternative energy projects.
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Ronn Motor Company