Scott Douglass

Formed in 1973, RENN Capital Group, Inc. is an SEC-registered investment advisor and mutual fund manager located in Dallas, Texas. The firm is owned by the Cleveland Family LP. They were formerly known as Renaissance Capital Group. RENN Capital Group serves as investment advisor and/or manager to the RENN Fund, Inc., a US closed-end mutual fund, and one UK-based investment trust that is currently in voluntary liquidation.

RENN Fund, Inc. is a closed-end management investment company, which seeks capital appreciation through investing in a variety of financial instruments such as common stocks, fixed income securities, loans, notes, and others. The company was founded on January 20, 1994 and is headquartered in New York, NY.

Founded in 1972, Stonegate Securities, Inc. is a broker/dealer located in Dallas, Texas. The firm specializes in raising capital and moving large blocks of stock for companies with market-caps of $25 million to $500 million. They focus particularly on high-quality, undervalued companies in high-growth industries that have low institutional ownership and little or no following among Wall Street analysts. Stonegate Securities seeks to connect small-cap companies with long-term, fundamental institutional investors. The firm is a member of the NASD and the SIPC.