RENN Global Entrepreneurs Fund, Inc. Announces the Annual Meeting and RENN Investor Conference

DALLAS--(BUSINESS WIRE)--

RENN Global Entrepreneurs Fund, Inc. will hold its Annual Meeting and RENN Investor Conference on Friday, May 14, 2010, in the Wedgwood Ballroom at the Hilton Anatole Hotel in Dallas, Texas. A continental breakfast will be served starting at 7:30 a.m., with the Annual Meeting beginning at 8:00 a.m., followed by the RENN Investor Conference, and concluding with a lunch buffet.

The conference will feature presentations by the management of six unique emerging growth companies from our portfolio:

Access Plans, Inc. APNC is an international marketing company providing a broad range of consumer discount membership plans and insurance. Program components range from discounts on medical, dental and pharmacy to groceries, restaurants, travel, automotive and a host of others, and can also include specialty insurance and product service. The Company’s plans are sold to consumers primarily through retail, rent-to-own, financial and consumer finance clients. Access Plans provides turnkey programs including design and fulfillment of marketing pieces and collateral support material, network support, customer service, regulatory compliance, and billing. The Company also manages America’s Health Care Plans (AHCP), one of the largest independent agent networks in the country for the marketing of individual major medical health insurance.

Global Axcess Corp. GAXC is the sixth largest non-bank ATM company in the U.S., a $15 billion global industry. It is one of the only ATM companies in the country to offer a full line of ATM solutions. The Company’s expertise in the unattended retail self-service kiosk market and its growing and profitable ATM business is being augmented by the Company’s growing DVD kiosk business. The Company’s goal is to leverage its ability to deploy, manage, maintain and process transactions by utilizing a wider range of self-service kiosks. Founded in 2001, with headquarters in Jacksonville, Florida, the Company’s mission is to enhance its position as the leading independent provider of unattended retail and self-service kiosk services in the United States.

PHC, Inc. dba Pioneer Behavioral Health (NYSE Amex:PHC) is a national healthcare company which, through wholly owned subsidiaries, provides psychiatric services to individuals who have behavioral health disorders including alcohol and drug dependency and to individuals in the gaming and transportation industries. Our subsidiaries operate substance abuse treatment facilities in Utah and Virginia, four outpatient psychiatric facilities in Michigan, two outpatient psychiatric facilities in Nevada and two inpatient psychiatric facilities in Michigan. It provides management, administrative and help-line services through contracts with major railroads, a call center contract with Wayne County, Michigan, and a smoking cessation contract with a major government contractor.

SearchMedia Holdings, Limited (NYSE Amex:IDI) is a leading nationwide multi-platform media company and one of the largest operators of integrated outdoor billboard and in-elevator advertising networks in China. SearchMedia currently operates a network of over 1,500 high-impact billboards with over 500,000 square feet of surface display area and one of China’s largest networks of in-elevator advertisement panels consisting of approximately 125,000 frames in 50 cities throughout China. Additionally, SearchMedia operates a network of large-format light boxes in concourses of eleven major subway lines in Shanghai. SearchMedia’s core outdoor billboard and in-elevator platforms are complemented by its subway advertising platform, which together enable it to provide multi-platform, "one-stop-shop" services for its local, national and international advertising clients.

SinoHub, Inc. (NYSE Amex:SIHI) provides a Web-based supply chain management (SCM) platform that is open to third parties and connects critical facets of the electronics industry:

• Design
• Manufacturing
• Component Purchasing
• Finished Product Distribution

SCM platform offers a free, open and seamless network for design houses, manufacturers, suppliers and product resellers operating in China’s booming electronics industry. Through the SCM platform, SinoHub generates sales of electronic components throughout China and of mobile phones internationally.

Skystar Bio-Pharmaceutical Co. SKBI is a China-based developer and distributor of veterinary healthcare and medical care products. Skystar has four product lines (veterinary medicines, micro-organisms, vaccines and feed additives) and over 170 products. The Company is also currently developing a new line of vaccines and medicines for the nascent aquaculture (fish-farming) market in China. Skystar strategic sales and distribution networks cover 29 provinces throughout China. Additionally the Company is the only China-based pure-play veterinary healthcare and medical care product developer to be listed on a U.S. exchange.

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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