-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MLRUChyjZi4jraTWGxzc6aBfEvbV1SjS24Zu1Mw7lSUxJBJah0ZyZBovAy+plrak OgqLtn3P+yZOFDe5jejCDA== 0000919567-09-000007.txt : 20090210 0000919567-09-000007.hdr.sgml : 20090210 20090210120810 ACCESSION NUMBER: 0000919567-09-000007 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090210 DATE AS OF CHANGE: 20090210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BPO Management Services CENTRAL INDEX KEY: 0001015920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 222356861 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59201 FILM NUMBER: 09584378 BUSINESS ADDRESS: STREET 1: 1290 N HANCOCK STREET CITY: ANAHEIM STATE: CA ZIP: 92807 BUSINESS PHONE: 714-974-2670 MAIL ADDRESS: STREET 1: 1290 N HANCOCK STREET CITY: ANAHEIM STATE: CA ZIP: 92807 FORMER COMPANY: FORMER CONFORMED NAME: RESEARCH ENGINEERS INC/ DATE OF NAME CHANGE: 20000317 FORMER COMPANY: FORMER CONFORMED NAME: NETGURU INC DATE OF NAME CHANGE: 20000308 FORMER COMPANY: FORMER CONFORMED NAME: RESEARCH ENGINEERS INC DATE OF NAME CHANGE: 19960603 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC CENTRAL INDEX KEY: 0000919567 IRS NUMBER: 752533518 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPRWY STREET 2: STE 210 LB59 CITY: DALLAS STATE: TX ZIP: 75206 BUSINESS PHONE: 2148918294 MAIL ADDRESS: STREET 1: 8080 N CENTRAL EXPWY., SUITE 210 LB 59 CITY: DALLAS STATE: TX ZIP: 75206 SC 13D/A 1 bpom13drenn123108.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. _1_______)*

BPO Management Services, Inc.

—————————————————————————————————————————
(Name of Issuer)Series B Preferred

—————————————————————————————————————————
(Title of Class of Securities)
<<<Insert appropriate information in place of this placeholder text.>>>
—————————————————————————————————————————
(CUSIP Number)

Russell Cleveland

8080 N. Central Expressway, Suite 210, LC-59

Dallas, TX 75206

(214) 891-8294
—————————————————————————————————————————
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

12/31/2008
—————————————————————————————————————————
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.

SEC 1746 (8-07)

 

Page 1 of 4



CUSIP No.     

 Page 2 of 4

    1.  Names of Reporting Persons.
        

        RENAISSANCE CAPITAL GROWTH & INCOME FUND III, INC.

        75-23533518

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(b) o

    3.  SEC Use Only

    4.  Source of Funds (See Instructions)
        

       WC

    5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

    6.  Citizenship or Place of Organization
        

       TEXAS

   Number of Shares 
   Beneficially
   Owned by
   Each Reporting
   Person With:

    7.  Sole Voting Power

        0

    8.  Shared Voting Power

       1,685,886 (1)

    9.  Sole Dispositive Power

        0

  10.  Shared Dispositive Power

      1,685,886 (2)

  11.  Aggregate Amount Beneficially Owned by Each Reporting Person

      1,685,886 (1) (2)

  12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

o

  13.  Percent of Class Represented by Amount in Row (11)

        12.11%

  14.  Type of Reporting Person (See Instructions)

        IV

(1) Renaissance Capital Growth & Income Fund III, Inc. ("RENN3") is the owner of record of the shares and shares voting power over the shares with RENN Capital Group, Inc., its investment adviser ("RENN") pursuant to an investment advisory agreement,
(2) RENN3 is the owner of record of the shares and shares dispositive power over the shares with RENN Capital Group, Inc., its investment adviser ("RENN") pursuant to an investment advisory agreement,

CUSIP No.

 13D 

  Page 3 of 4 Pages

______________________________________________________________________________________
Item 1.  Security and Issuer.

Series B Preferred Shares of BPO Management Services, Inc. 1290 N. Hancock Street Anaheim, CA 92807

______________________________________________________________________________________
Item 2.  Identity and Background.

(a)

Renaissance Capital Growth & Income Fund III, Inc. ("RENN3")
(b) 8080 N. Central Expressway, Suite 210, Dallas, TX 75206
(c) RENN3 is a business development company regulated under the Investment Company Act of 1940, as amended.
(d) N/A
(e) N/A
(f) Texas

______________________________________________________________________________________
Item 3.  Source and Amount of Funds or Other Consideration.

Funds required of RENN3 to exchange the Series D preferred, Series D-2 preferred, Series F preferred and all warrants into the subject securities was $1,000,000, obtained from the working capital of RENN3.

______________________________________________________________________________________
Item 4.  Purpose of Transaction.

     RENN3 acquried the shares in the ordinary course of its business for investment purposes.  Russell Cleveland, President of RENN3, serves on the board of directors of the Company.     ______________________________________________________________________________________
Item 5.  Interest in Securities of the Issuer.

     (a)  RENN3 holds shares 1,685,886 of Series B Preferred which represents 12.11% of the outstanding shares.

     ______________________________________________________________________________________
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
              to Securities of the Issuer.

 

______________________________________________________________________________________
Item 7.  Material to be Filed as Exhibits.

 

______________________________________________________________________________________

CUSIP No.

 13D 

 Page 3 of 4 Pages




 

SIGNATURE

          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.

 

__2-10-2009__________________________

__________________________________________
/s/ Russell Cleveland, by Rene Jones attorney in fact

 

__Russell Cleveland, President                                            

 

Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

 


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