June 12, 2007 - What exactly makes a company worth investing in? Russell Cleveland, the President
of Renaissance Capital Growth & Income Fund III, Inc. (AMEX: RCG), answers that questions in his
new book, Finding Midas, an entertaining and enlightening discourse on investment fundamentals.
"The key to mega-stock investing is not focusing on the industry, but rather on the entrepreneurial
leadership characteristics of the CEO. This strategy is what RENN Capital Group uses to provide, in
some cases, soaring returns for investors. You might just find the next Wal-Mart, Starbucks, or
eBay," he says.
Cleveland explains his CEO assessment strategy in a manner that is accessible to beginners, while
containing insights that can benefit the most experienced investor. Filled with plenty of relevant
anecdotes, Finding Midas convincingly argues that the companies with the strongest and most
involved leaders are the ones that bring in the biggest profits for their investors.
The book includes case studies on some of the most successful business executives in recent
history, including Warren Buffett, Michael Dell, Howard Schultz and Meg Whitman. Not only does
the book examine the leadership traits that can be used to predict success, it also examines
fundamental topics such as diversification, pricing, when to sell and other critical information.
“Every serious student of investing should read this book. It should be required reading for every
broker and advisor in the business. Exposure to the ideas set forth would be invaluable to students
in helping jumpstart their knowledge and investing experience. It’s a great read,” according to Don
Hodges, Chairman of the Hodges Fund and who was awarded 2006 Best Fund Manager by Lipper
Analytical for three years among all US multi cap funds.
About the Author:
Russell Cleveland is the principal founder and the majority shareholder of RENN Capital Group, Inc.
RENN provides capital to emerging publicly owned companies. Russell is a Chartered Financial
Analyst who has specialized in investing in emerging growth companies for over 40 years.
Mr. Cleveland is a graduate of the University of Pennsylvania, Wharton School of Finance
and Commerce.
Besides serving as President and Director of Renaissance Capital Growth & Income Fund III, Inc.
(AMEX: RCG), he is also Director and Manager of Renaissance US Growth and Income Trust PLC,
which is traded on the London Exchange, U.S. Portfolio manager of US Special Opportunities
Trust PLC (London based) and Premier RENN US Emerging Growth Limited (London based).
Mr. Cleveland currently serves on the Board of Directors of Cover-All Technologies, Inc.,
CaminoSoft Corp., Integrated Security Systems, Inc., Tutogen Medical, Inc., and Access Plans
USA. Over the years, he has served on the boards of many publicly traded emerging growth
companies. More information on the book is available at www.findingmidas.com.
About Renaissance Capital Growth & Income Fund III, Inc.
Renaissance Capital Growth & Income Fund III, Inc. 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. The Fund has paid its
investors a total of $13.81 per share to its investors in cash distributions since its initial public
offering in 1994 at $10.00. To help preserve the investing power of the future of the Fund, the
Board of Directors on December 31, 2006 declared a deemed dividend of $4.03 per share ($1.41
of which was a deemed tax paid to the IRS on its shareholders behalf), the remainder was
reinvested. To be added to the Renaissance Capital Growth & Income Fund III, Inc. news
distribution list, click here: http://www.b2i.us/irpass.asp?BzID=1404&to=ea&s=0.
View more information on Renaissance Capital or other Closed-End Funds.