RENN Global Entrepreneurs Fund, Inc. Announces Resignation Of Chief Financial Officer And Appointment Of Acting Chief Financial Officer

RENN Global Entrepreneurs Fund, Inc., (NYSE AMEX LLC:RCG), a closed end mutual fund, has announced the resignation of Barbe Butschek, Chief Financial Officer to pursue other interests. The Company wants to thank Ms. Butschek for her many years of service.

RENN Global is also pleased to announce the appointment of Kevin W. McAleer, CPA, a partner with Pillar Solutions Group LLC. as acting Chief Financial Officer. Mr. Russell Cleveland, President, of RENN Global Entrepreneurs Fund, Inc., states, “The Board of Directors is very pleased to have the background and experience of Mr. McAleer. He is a seasoned financial executive with experience in leadership roles.”

Forward Looking Statements

The Fund seeks long-term capital appreciation and current income by investing in emerging growth companies. This report contains forward-looking statements. Such statements reflect the current views of the Fund with respect to future events and are subject to certain risks, uncertainties, and assumptions. Although the Fund believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein. Past performance is not indicative of future results. For additional information, please visit www.rencapital.com.

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Copyright Business Wire 2010

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