MARBLE FALLS, TX–(Marketwire – July 7, 2010) –  The Board of Directors of Ronn Motor Company (PINKSHEETS: RNNM) announced today that it has approved the reduction of outstanding shares in conjunction with the new financing arrangements with certain of its significant stockholders. Ronn Motor Company will reduce the issued and outstanding number of shares by approximately fifty million (50,000,000) to sixty-five million (65,000,000) total shares. The shares will be returned to the Company Treasury.

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