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RENAISSANCE GOLF STOCKHOLDERS' EQUITY INCREASES $9 MILLION AS A RESULT OF DEBT CONVERSION AND STOCK OFFERING

 HUNTINGTON BEACH, Calif., Jan. 6 /PRNewswire/ -- Renaissance Golf Products Inc. (NASDAQ: FGLF, FGLF-W) Chairman Miles Doody stated, "$4.3 million of long-term debt was converted to common stock equity at $4.00 per share and, as a result of the successful offering in November, it is estimated that year-end stockholders' equity should be in excess of $6 million. This is a $9 million increase in stockholders' equity since June 30, 1993."
 Doody also stated, "This increased funding enables the company, which conducts its business as Fila Golf under a worldwide license, to build inventory to support anticipated sales increases, expand its marketing, advertising and promotion budget, and continue to develop new and exciting state-of-the-art golf equipment. We are very enthusiastic about the new Fila Golf products which will be introduced at the PGA Merchandise Show in Florida later this month."
 Renaissance Golf Products Inc. designs, develops, assembles and distributes high-quality golf products and golf accessories worldwide utilizing the Fila(R) trademark and logo under license from Fila Sport S.p.A. of Biella, Italy.
 -0- 1/6/94
 /CONTACT: Mont Warren, VP & CFO, of Renaissance Golf Products, 714-897-8213; or Donald Reynolds of Donald Reynolds Associates, 310-275-9024/
 (FGLF)


CO: Renaissance Golf Products Inc. ST: California IN: LEI SU:

JB-JL -- LA016 -- 9784 01/06/94 13:09 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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