Article: WallStreetGrapevine.com "Spotlight" Alert -RNVO, OVTI, ADCT.

M2 PRESSWIRE-1 December 2004-WallStreetGrapevine: WallStreetGrapevine.com "Spotlight" Alert -RNVO, OVTI, ADCT(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:12012004

Renovo Holdings (OTCBB:RNVO - News) announced that the Company recently received the first cash distribution under terms of the $5 million Standby Equity Distribution Agreement (SEDA) between the Company and Cornell Capital Partners, L.P.

Under the SEDA, Cornell has committed to provide up to $5 million of funding to be drawn down at Renovo's discretion by the purchase of the Company's common stock. The Company may request an advance under terms of the agreement during any six-day period ...

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