RONN MOTOR GROUP ANNOUNCED THE MERGER AND TAKEOVER OF LPHM IS NEARLY COMPLETED
News Provided by: RONN Motor Group  | March 15, 2023

Phoenix, AZ – March 15, 2023 – Lee Pharmaceuticals (OTC: LPHM) announced on February 16, 2023 ,that RONN Motor Group would go public through a reverse triangular merger with Lee Pharmaceuticals. 

Today, RONN Motor Group announced all significant filings have been completed, including the u-1 filing, which can be viewed at,

https://www.sec.gov/Archives/edgar/data/58411/000139390523000118/lphm_1u.htm    

RONN Motor Group is a multi-National hydrogen solution company that innovates mobility, stationary, and marine applications.

 RONN Motor Group created one of the first hydrogen-assisted supercars in 2008 and has been active in the automotive space for many years. After seeing the need for clean energy globally, in many applications besides automotive, RONN Motor Group is changing the Company's name to highlight a broader vision of the future and its 15-year focus on the hydrogen economy.

RONN Motor Group will be submitting the application for a corporate name change to "RONN" along with a ticker change, but their iconic logo will remain. "We believe hydrogen solutions can make a significant difference in a cleaner future beyond just mobility," Ronn Ford, CEO & Founder of RONN. 

Additionally, Mr. Ford stated the Company's form 10 submission had begun; noted RONN plans to complete their S-1 in 2023, which was delayed in 2022 due to market conditions. The S-1 will be completed with updated financials to focus an up list when market conditions improve. 

“After many years of following RONN, I am excited to participate in the new season of growth with the company entering into their revenue stage,” John Morgan, former CEO of LPHM and member of the RONN executive team.  John added that he would be on the transition team to move from the OTC to OTCQB and onto NASDAQ.

For more information click link: Website or contact Sheila R. Stewart at 480.414.9922 (c) or SStewart@RONNMotorGroup.com

DISCLOSURE: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the ability of RONN Motor Group to accomplish its stated plan of business. RONN Motor Group believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and their forward-looking statements included in this press release will prove to be accurate. Considering the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by RONN Motor Group or any other person. 

SOURCE RONN Motor Group