Exhibit 99.1


           RONSON CORPORATION ANNOUNCES NEW AND REPLACEMENT FINANCING
              IMPROVING THE COMPANY'S LIQUIDITY AND WORKING CAPITAL

Somerset,  N.J., June 3, 2008 - Ronson Corporation (NASDAQ Capital Market: RONC)
(the "Company") today announced that on May 30, 2008, the Company entered into a
new credit  facility with a maximum  availability of up to $7,760,000 with Wells
Fargo  Business  Credit,  an  operating  division of Wells Fargo Bank,  National
Association  ("Wells  Fargo").  The proceeds from Ronson's  credit facility with
Wells  Fargo  repaid  prior  credit  facilities  and loans,  primarily  with CIT
Group/Commercial  Services,  Inc. ("CIT"),  as well as with EPIC Aviation,  LLC,
Bank of the West, and Banc of America Leasing.

Ronson's new credit  facility with Wells Fargo  consists of a revolving  line of
credit of  $4,000,000  and two term  loans,  in the  amounts of  $2,922,500  and
$837,500,  respectively.  The credit facility is secured by substantially all of
Ronson's assets,  including,  without  limitation,  its receivables,  inventory,
machinery  and  equipment,  and its  leasehold  interest  at the  Trenton-Mercer
Airport.  The  amount  available  to be  borrowed  as of May 30,  2008 under the
revolving line of credit was  approximately  $2,290,000,  based on the levels of
accounts receivable and inventories of the Company's subsidiaries at that time.

After  taking into  account the amounts  repaid to prior  lenders,  Ronson's new
credit  facility  with  Wells  Fargo  provided  additional  liquidity  with  net
additional  cash  and/or  loan  availability  to the  Company  of  approximately
$1,320,000.  The new credit facility also improved the Company's working capital
by approximately $2,000,000. The Company will recognize a nonrecurring charge in
the second quarter of  approximately  $160,000  consisting of: (1) initial costs
related to the prior loan agreements that had not yet been fully amortized,  (2)
early termination fees related to the prior CIT financing agreement, and (3) the
small  difference  between the payoff amount to Banc of America  Leasing and the
book value of the liability.

Louis V. Aronson II,  President & CEO of Ronson stated,  "We are pleased that we
have completed  this new financing  with Wells Fargo along with the  significant
increase in liquidity and working capital it provides."

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.

<PAGE>

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.




COMPANY CONTACT:
DARYL K. HOLCOMB
(732) 469-8300