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InvestSource, Inc.: Ronn Motor Company Announces the SEMA Debut of Its
" H2GO(TM) Hydrogen On-Demand system
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:01102008
On Eve of Revolutionary Scorpion(TM) Eco-Exotic Intro November 4th in
Las Vegas, Texas-Based Innovator Introduces Aftermarket Solution for
Drivers Facing Problems at the Pump
Stocks in the news: Ronn Motor Company (Other OTC:RNNM.PK), Spartan
Motors, Inc. (Nasdaq: SPAR), CarMax, Inc., (NYSE:KMX), Auto Parts
Network, Inc. (Nasdaq: PRTS)
September 30, 2008 - Ronn Motor Company (Other OTC:RNNM.PK) announced
today the SEMA debut of its proprietary H2GO(TM) Hydrogen On-Demand
system using hydrogen fuel injection for use as an aftermarket
accessory in both cars and trucks. The H2GO(TM) brand, making its
official introduction alongside RMC's eagerly anticipated Scorpion(TM)
supercar (which utilizes similar technology), will be produced as an
aftermarket accessory allowing vehicles of all kinds to use hydrogen
fuel injection. The overarching goal of the H2GO(TM) brand debut at
SEMA is to significantly increase overall gas mileage for vehicles of
all kinds while simultaneously reducing noxious emissions harmful to
the environment. The RMC premiere of H2GO(TM) comes as a convenient,
easily implementable solution to the ever-rising gas prices afflicting
the world's cars and trucks currently on the road and being sold today.
The Hydrogen On-Demand system is used along with several proprietary
processes from the new H2GO(TM) brand to enhance overall efficiency in
automotive fuel burn," commented Damon Kuhn, Chief Operations Officer
of Ronn Motor Company. "Hydrogen and oxygen mixtures are utilized along
with post-combustion controls to promote a more complete burn, thereby
creating better gas mileage and more power along with less particulate
emissions."
Intended to appeal to massive corporate and government transport fleets
as well as retail consumers who currently own vehicles with low gas
mileage, H2GO(TM) was created as an economical aftermarket solution for
increasing overall gas mileage while reducing noxious emissions harmful
to the environment. The H2GO(TM) system produces and blends gaseous
hydrogen with gasoline or diesel fuel to achieve approximately a 20-25%
improvement in fuel consumption, while also increasing power and
decreasing carbon dioxide greenhouse gases by approximately 90%.
"Our H2GO(TM) brand came together by combining the patented
ProCooler(TM) system with a proprietary electronic control module (ECM)
programmed to regulate and control the flow of hydrogen input into the
combustion chamber of engines," stated Chief Executive Officer and
President, Ronn Maxwell. "We are proud to say, we are successfully
completing all of our research and testing toward developing a
mainstream commercial product for consumer use and we couldn't think of
a better place to announce this news than at SEMA."
The H2GO(TM) product measures the same size as a standard car battery
and holds approximately one gallon of water. This one-gallon water tank
will produce hydrogen on demand for approximately 5,000 miles (the
equivalent to approximately 10 tanks of fuel on most standard
automobiles). The H2GO(TM) "Hydrogen On-Demand" system will produce the
hydrogen as needed while the vehicle is in motion, producing the ideal
ratio of hydrogen to fuel, thus improving power, performance, and
overall fuel efficiency. Additionally, H2GO(TM) is adaptable to any
internal combustion piston engine vehicle, including the more than 250
million registered vehicles on American roads today.
Installing the H2GO(TM) product in .5% of cars and trucks in the United
States would result in a significant reduction of oil consumption in
the United States by millions of barrels of oil each year, saving
business and consumers money while also reducing the nation's
dependence on foreign oil.
An important factor regarding the marketability of the Company's
hydrogen technology is that installation of the H2GO(TM) device will
not void new car warranties under the Vehicle Warranty Act of 1974. The
Act specifies that new car warranties will not be voided with the
installation of an aftermarket product as long as it enhances the
performance of a vehicle. Ronn Motor Company believes that the H2GO(TM)
fuel injection system will be widely accepted worldwide and a much
sought out aftermarket fuel efficiency enhancement product.
September 30, 2008 - Spartan Motors, Inc. (Nasdaq: SPAR) announced it
has teamed up with global publisher Zondervan to sponsor a
coast-to-coast, 44-state RV tour of America aimed at directly reaching
31,000 people and millions more through co-marketing, national
publicity and events.
Spartan Motors, a leading specialty vehicle and chassis maker including
chassis for Class A RVs, said it is partnering with Zondervan, the
world's leading Bible publisher, on a five-month, 90-city cross-country
tour - Bible Across America - to handwrite and publish a new Bible one
person, one verse at a time. At the conclusion of the tour, the Bible -
America's NIV - will be published with all 31,173 contributors listed
in the appendix and then sold in stores nationwide.
Spartan Motors is donating the use of one of its RV test units, a
42-foot, 500 h.p. luxury Fleetwood American Eagle motorhome with a
Spartan K2 chassis, for the 15,000-mile tour, as well as providing
road-side assistance through its national network or dealer and service
partners.
September 30, 2008 - the wake of a destructive hurricane season that
brought flooding to many areas of the country, CarMax, Inc.,
(NYSE:KMX), the nation's largest retailer of used cars, is advising
consumers on how to avoid purchasing flood-damaged vehicles.
"Consumers should be aware that some businesses and individuals may try
to sell salvaged and flood-damaged cars without revealing the vehicle
history," said Gary Hickman, purchasing manager for CarMax in Houston,
Texas. "Flood-damaged cars that are not structurally or mechanically
sound could be repaired, re-titled, and sold to unsuspecting buyers."
CarMax's car-buying team offers ten tips for identifying a vehicle with
possible flood damage:
1) Check for a moldy smell inside the car and feel the carpet for
dampness 2) Ask questions about an older car with a brand new interior
or carpeting 3) Check for rust under the brake or gas pedals 4) Look
for dirt or rust under the dashboard and floor mats 5) Inspect the
bolts and screws under the seats for evidence of rust 6) Check the
undercarriage for excessive rust 7) Check inside the trunk under the
carpet in the spare tire well area for rust, dirt or sand 8) Look for
corrosion, water marks, or a thin brown line on the exterior of the
vehicle 9) Check to see if the electrical system works 10) Check the
VIN number with AutoCheck or Carfax to see whether a flood claim has
been filed or a salvage title has been issued on the vehicle
September 30, 2008 - Auto Parts Network, Inc. (Nasdaq: PRTS), a leading
online provider of aftermarket auto parts and accessories, today
announced that it has entered into an agreement to purchase certain
assets of SmartTrac, Inc. related to a website providing a broad range
of information on the purchase, care and repair of automobiles.
The website, which generates over 250,000 unique visitors monthly, will
enhance the scope of information, advice and guidance that U.S. Auto
Parts provides its customers.
The deep vertical content provided on the site includes basic
education: from "how an engine works" to car care advice, maintenance
and repair information. Automobile trends and vehicle reviews based on
actual driver experience will also assist the consumer in making
informed decisions when purchasing a car. U.S. Auto Parts plans to
integrate its parts catalogue into the site to provide users with quick
and easy access to solutions for their auto repair part needs.
"U.S. Auto Parts has grown and will continue to grow our business, in
part, through acquiring relevant online content, and integrating it
into our world class e-commerce platform," said Shane Evangelist, CEO
of U.S. Auto Parts. "This acquisition is in line with that strategy but
is also a first step in a move to arm customers with information about
how to best service and repair their vehicle. Once informed, we believe
U.S. Auto Parts is uniquely positioned to offer the broadest range of
reliable and inexpensive parts for those repairs."
Market Wrap for September 30, 2008 - Tuesday's session marked the S&P
500's best day in six years after having its worst day in 21 years on
Monday. Buying interest was fueled by short-covering, bargain hunting
and increased optimism that the government will reach an agreement on a
financial relief plan before the end of the week.
The stock market settled near session highs will all ten sectors
posting a gain. Financials led the way with an 13.1% gain, followed by
a 5.8% rise in energy stocks. The utilities sector underperformed on a
relative basis with a gain of 1.3%.
Prior to the stock market open, the fed funds rate rose as high as
7.00%, according to Reuters. The rate then retreated to 1.50%, which is
below the Fed's target rate of 2.00%.
The benchmark 10-year note dropped more than two points, sending its
yield up to 3.83%.
Consumer confidence in September unexpectedly rose 1.3 to 59.8, which
was better than the expected reading of 53.0.
The dollar rallied 2.6% against a basket of world currencies. The
strength in the dollar helped limit the gain in commodities to only
0.7%, although crude oil managed to rally 5.0% to $101.24 per barrel
after dropping 10% in the previous session.
The extreme moves in the stock market over the previous two sessions
was a fitting end to a tumultuous third quarter. For the quarter, the
Dow, Nasdaq and S&P 500 fell 4.4%, 9.2% and 9.0% respectively.DJ30
+485.21 NASDAQ +98.60 NQ100 +5.9% R2K +3.3% SP400 +4.2% SP500 +58.35
NASDAQ Adv/Vol/Dec 1763/2.36 bln/1002 NYSE Adv/Vol/Dec 2560/1.62 bln/610
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uncertainties. This material is for informational purposes only and
should not be construed as an offer or a solicitation to buy or sell
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upon information believed to be reliable. The information contained
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