UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 4, 1999
CORPORATE RENAISSANCE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
05723210 13-3701354
(Commission File Number) (IRS Employer Identification Number)
1185 Avenue of the Americas
18th Floor
New York, New York 10036
(Address of principal executive offices)
Registrant's telephone number, including area code: 212-730-2000
Item 2. Acquisition or Disposition of Assets.
A copy of the Registrant's press release dated November 11,
1999 is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description of Exhibit
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99.1 Press Release of the Registrant dated November 11, 1999
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
CORPORATE RENAISSANCE GROUP, INC.
Date: November 18, 1999 By: /s/Martin E. Winter
Martin E. Winter, Secretary/Treasurer
(Principal Financial and
Accounting Officer)
EXHIBIT INDEX
Exhibit No. Description of Exhibit
- ----------- ----------------------
99.1 Press Release of the Registrant dated November 11, 1999
FOR IMMEDIATE RELEASE
Contact: Fred M. Stone
Corporate Renaissance Group, Inc.
1185 Avenue of the Americas,
18th Floor
New York, New York 10036
Tel: 212-730-2000
Fax: 212-843-5949
Corporate Renaissance Group, Inc.
Sells Interest in CVSI, Inc.
New York, NY, November 11, 1999. Corporate Renaissance
Group, Inc. (NASDAQ-CREN), a business development company,
announced that CREN has sold its interest in CVSI, Inc., one of
its Portfolio Investments, to 4Front Technologies, Inc. for
approximately $877,000 in cash.
As previously announced, CREN's Board of Directors has
adopted a Plan of Liquidation which will be submitted to CREN's
stockholders for approval at a Special Meeting to be held on
December 1, 1999. Proxy materials were distributed this week to
stockholders of record as of October 18, 1999.
The above information contains, in addition to historical
information, forward-looking statements regarding CREN, which
represent CREN's expectations or beliefs including, but not
limited to, statements concerning CREN's operations, performance,
financial condition, business strategies and other information.
For this purpose, any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking
statements. Without limiting the generality of the foregoing,
words such as "may," "will," "expect," "believe," "anticipate,"
"intend," "could," "estimate," or "continue" or the negative or
other variations thereof or comparable terminology are intended
to identify forward-looking statements. The statements by their
nature involve substantial risks and uncertainties, certain of
which are beyond CREN's control, and actual results may differ
materially depending on a variety of important factors, including
those described herein and CREN's filings with the Securities and
Exchange Commission.
