Ronn Motor Company to Begin Field Training With Select AAMCO Dealers for the Installation of the Proprietary H2GO(TM) Hydrogen Injection System
Submitted by SmallCapVoice.com
AUSTIN, TX — (Marketwire) — 03/24/09 — Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today it will begin training in April 2009 for installation procedures for its proprietary H2GO(TM) hydrogen injection system at select AAMCO transmission locations in the Houston, Austin, Ft. Worth, New Orleans and Phoenix areas. Ronn Motors will be working closely with Doug Watkins, owner of four Houston franchises, and other AAMCO owners and association members. Together, they will finalize installation procedures and packaging for its real-time H2GO(TM) hydrogen injection system.
Ronn Maxwell, CEO of Ronn Motors, stated, “This will initiate a rapid roll out of our H2GO(TM) system across the nation through Frigette Energy System’s massive distribution network. We view this as the launching pad for H2GO(TM) to transcend the U.S., ultimately becoming a consumer must-have.”
Doug Watkins, Owner of Drive Train Services Inc., a major franchisor of AAMCO Transmissions, commented, “AAMCO Transmissions currently has 915 locations nationwide with plans to open an additional 60 centers this year. While I cannot commit all 915 locations to installation, as we are individually owned and operated, I feel confident that working through the Owners Association, AAMCO could be one of the top performers in sales and installation for the H2GO(TM) systems.”
Watkins continued, “It is our belief that based on a 2 hour installation time, we could have installations as high as 10 units per week assuming two units a day per store. If we estimate that a modest participation level of 50% of all stores, estimated sales and installations would approach 54,840 units per quarter. This is an estimate only and is based on several variables that have not been fully determined yet. If the H2GO(TM) system performs as expected, we think franchisor and public acceptance of the H2GO(TM) system will support these estimates and they may turn out to be conservative.”
AAMCO Transmissions is in the transmission repair business. The company is a leading franchiser of transmission fix-it facilities with about 900 independently owned and operated shops throughout the US, Canada, and Puerto Rico. Along with transmission work, AAMCO stores provide automotive cooling and electrical system repairs, as well as other general maintenance services.
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.
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.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=945562
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=945565
Ronn Motors Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact
Visit 1800blogger to see all of our industry leading blogs.
