Ronson Corporation Announces Extension of Rights Plan

SOMERSET, N.J., Oct. 10 /PRNewswire-FirstCall/ -- The Board of Directors of Ronson Corporation (Nasdaq: RONC) (the “Company�) announced today that it has extended the final expiration date of its Preferred Shares Rights Agreement (the “Rights Agreement�) to September 1, 2011. The Rights Agreement was originally adopted with a ten-year term expiring on October 22, 2008.

Louis V. Aronson II, President and Chief Executive Officer, stated that, “The extension of our Rights Agreement is part of an ongoing effort by the Board to protect and maximize the value of the shareholders’ investment in the Company and to give them the optimum opportunity to participate in the long-term value of the Company. The Board determined that extending the Rights Agreement is an effective and reasonable method to safeguard the interests of our shareholders.�

Ronson Corporation’s operations include its wholly-owned subsidiaries: (1) Ronson Consumer Products Corporation in Woodbridge, N.J., and Ronson Corporation of Canada Ltd., both manufacturers and marketers of Ronson consumer products; and (2) Ronson Aviation, Inc., a fixed-base operator at Trenton-Mercer Airport, Trenton, N.J., providing fueling, sales/services of aircraft, avionics and hangar/office leasing.

This press release contains forward-looking statements that anticipate conditions and results based on management’s plans and expectations that are subject to uncertainty. Forward-looking statements are based on current expectations of future events. The Company cannot ensure that any forward-looking statements will be accurate, although the Company believes that it has been reasonable in its expectations and assumptions. If underlying assumptions prove inaccurate or that unknown risks or uncertainties materialize, actual results could vary materially from our projections. Unknown uncertainties exist with respect to the prices of petroleum and petroleum based products as well as the overall economic environment. Investors should understand that it is not possible to predict or identify all such factors and should not consider this to be a complete statement of all potential risks and uncertainties. The Company assumes no obligation to update any forward-looking statements as a result of future events or developments.