Renaissance Capital Growth & Income Fund III Inc. (OTC: RENN), a business development company, will hold its RENN Investor Conference today at the Hilton Anatole Hotel, 2201 Stemmons Freeway, Dallas, Texas beginning at 8 a.m. CDT. The company has arranged to have two half-hour segments broadcast live over the Web by Market News First, the first at 9 a.m. and the second at 11 a.m. CDT.
“The investing public will have an opportunity to view some of our portfolio companies and their business models,” stated Russell Cleveland – president of RENN – in a press release. “It will offer exposure for our companies while providing some insight into the operations of Renaissance Capital. Opportunities to partner with and invest alongside entrepreneurial management teams continue to present themselves.”
He continued, “Emphasis is currently being placed on rapidly growing medical areas, including pharmaceuticals and medical devices, where great success has been achieved in the past. In addition, investments in several Chinese companies traded on U.S. exchanges have been added and they are making excellent progress. Other new areas of interest include Internet-related companies that I believe are now coming of age.”
The conference will feature presentations by the management of seven unique emerging growth companies from the Renaissance portfolio: iLinc Communications Inc. (Amex: ILC), Bovie Medical Corp. (Amex: BVX), Points International Ltd. (OTCBB: PTSEF), Hemobiotech Inc. (OTCBB: HMBT), Information Intellect Inc. (OTCBB: SDLP), Access Plans USA Inc. (Nasdaq: AUSA) and China Security and Surveillance Technology Inc. (OTCBB: CSCT). These companies represent such diverse industries as Internet services, software, medical and biotech security.
RENN is a closed-end business development company concentrating on investing in emerging publicly owned growth companies, primarily through private placements of convertible securities. The Fund seeks long-term capital appreciation and current income by investing in emerging growth companies. The Fund’s current portfolio consists of investments in 28 businesses in various industries.