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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)
Securities and Exchange Commission
Washington, D.C. 20549
LA-MAN CORPORATION
(Name of Issuer)
Common 50354K300
(Title of Class of Securities) (CUSIP Number)
Vance M. Arnold, Executive Vice President, Renaissance Capital Group, Inc.
8080 N. Central Expressway, Suite 210 LB 59; Dallas, TX 75206
(214) 891-8294
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 2, 1998
(Date of Event which Requires Filing of this Statement)
1. Names of Reporting Person S.S. or I.R.S. Identification No.
a.Renaissance Capital Growth & Income Fund III, Inc. 75-2533518
b.Renaissance US Growth & Income Trust PLC
2. Check the Appropriate Box if a Member of a Group
(a) XX
(b)
3. SEC Use Only_________________________________________________
4. Source of Funds PF
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) None
6. Citizenship or Place of Organization
a. Texas
b. England
Number of Shares Beneficially Owned by Each Reporting Person With:
(7) Sole voting Power (a) 868,421 (b )868,421
(8) Shared Voting Power 0
(9) Sole Dispositive Power (a) 868,421 (b) 868,421
(10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned be Each Reporting Person
(a) 868,421 (b) 868,421
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
None
13. Percent of Class Represented by Amount in Row (11)
(a) 20.97% (b) 20.97%
14. Type of Reporting Person IV
SCHEDULE 13D
Filed Pursuant to Rule 13D-1
Item 1. Security and Issuer
8.75% Convertible Debenture Loan Agreement for $1,750,000 due March 2,
2005, a subscription agreement to purchase 115,741 shares of common
stock and purchase warrants to purchase 100,000 shares common stock by
and between La-Man Corporation, and Renaissance Capital Growth & Income
Fund III, Inc.
8.75% Convertible Debenture Loan Agreement for $1,750,000 due March 2,
2005, a subscription agreement to purchase 115,741 shares of common
stock and purchase warrants to purchase 100,000 shares common stock by
and between La-Man Corporation, and Renaissance U.S. Growth & Income
Trust,PLC.
La-Man Corporation Company
5029 Edgewater Drive
Orlando, FL 32810
Item 2. Identity and Background
a., b., c. Renaissance Capital Growth &
Income Fund III, Inc. Filer
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance U.S. Growth & Income
Trust, PLC Filer
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Group, Inc. Investment Advisor to the Filers
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Growth & Income Fund III, Inc. is a Texas
corporation, organized as a business development company under the
Investment Company Act of 1940 and is traded on the NASDAQ.
Renaissance U.S. Growth & Income Trust, PLC is a public limited
company organized under the laws of England and Wales and traded on
the London Stock Exchange.
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The officers of Renaissance Capital Group, Inc. are:
Russell Cleveland, President
Barbe Butschek, Senior Vice President, Corporate Secretary and
Treasurer
Vance M. Arnold, Executive Vice President
Robert C. Pearson, Senior Vice President
Mardon M. Navalta, Vice President
John A. Schmit, Vice President
Renaissance Capital Group, Inc. a Texas corporation,is the
Investment Advisor and is responsible for the administration and
investment of the Filer's investment portfolio. Renaissance
Capital Group, Inc. has a profit interest of up to 20% of the
Filer's capital gains.
d. None
e. None
f. Texas
Item 3. Source and Amount of Funds or Other Consideration
The Filer's source of funds for this transaction came exclusively from
the Filer's investment capital. No borrowed funds were used in the
transaction. The securities were acquired directly from the Company in
a private placement.
Item 4. Purpose of Transaction
The purpose of the acquisition of these securities for Renaissance
Capital Growth & Income Fund III, Inc. was as an investment in
accordance with its election as a Business Development Company under the
Investment Act of 1940. The purpose of the acquisition of these
securities for Renaissance U.S. Growth & Income Trust, PLC was as an
investment in accordance with its investment strategy of investing in
smaller United States public companies.
Item 5. Interest in Securities of the Issuer
a. The Filers each purchased on March 2, 1998 an 8.75% Convertible
Debenture due March 2, 2005 for $1,750,000 in the Company, convertible
at $4.75 per share. Additionally, and on the same date, the Filer s each
purchased 868,421 shares of the Companys common stock. The total number
of shares beneficially owned by both Filers combined, 1,736,842 shares,
represents 41.94% of the Companys outstanding stock. These shares
represent all of the Filers ownership. Renaissance Capital Group, Inc.
has a profit interest of up to 20%.
b. All the shares mentioned in (a) above.
c. None.
d. N/A
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e. N/A
Item 6. Contracts, Arrangements, or Understandings with Respect to Securities
of the Issuer
The Company granted the Filer the option to name member to the board of
directors of the Company. The Investment Advisor of the Filer has a
profit interest of up to 20% of the profits of the Filer.
Item 7. Persons Retained, Employed or to be Compensated
Not Applicable
Item 8. Material to be Filed as Exhibits
Not Applicable
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Date: March 10, 1998
By: Renaissance Capital Growth & Income Fund III, Inc.
Renaissance Capital Group, Inc., Investment Advisor
By: ________________________________
Vance M. Arnold
Executive Vice President
By: Renaissance US Growth & Income Trust, PLC
Renaissance Capital Group, Inc., Investment Manager
By: ________________________________
Vance M. Arnold
Executive Vice President
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