SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
Active Link Communications, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00505W 10 9
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(CUSIP Number)
December 10, 2002
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(Date of Event Which Requires Filing of this Statement)
CUSIP No.203421508 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Renaissance Capital Growth & Income Fund III, Inc. 75-2533518
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,845,008
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,845,008
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PERSON 8. SHARED DISPOSITIVE POWER
WITH None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,845,008
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[-]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.20%
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12. TYPE OF REPORTING PERSON*
IV
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.00505W 10 9 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Active Link Communications, Inc. ("Company")
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Item 1(b). Address of Issuer's Principal Executive Offices:
1840 Centre Point Drive
Naperville, IL 60563-9364
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Item 2(a). Name of Person Filing:
Renaissance Capital Growth & Income Fund III, Inc. ("Filer")
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Item 2(b). Address of Principal Business Office, or if None, Residence:
8080 N. Central Expressway, Suite 210, LB-59
Dallas, TX 75206
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Item 2(c). Citizenship:
United States
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
75966V105
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [X] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
CUSIP No.00505W 10 9 13G Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
At November 30, 2002, the Filer owned 1,885,008 shares of the
Company's common stock on a fully converted basis, consisting of:
$250,000 Note maturing on September 30, 2003, and convertible at a
rate of $0.25 per share into 1,000,000 shares of the Company's common
stock; $125,000 Note maturing on September 30, 2003, and convertible
at a rate of $0.25 per share into 500,000 shares of the Company's
common stock; $53,752 Bridge Loan convertible at a rate of $0.25 per
share into 215,008 shares of the Company's common stock; Warrant to
purchase 100,000 shares at $0.60 per share; and Warrant to purchase
70,000 shares at $0.80 per share.
On December 10, 2002, the Filer received a $10,000 principal payment
on the Bridge Loan, reducing the outstanding balance to $43,752 and
the conversion shares to 175,008. Therefore, at December 10, 2002, the
Filer owned a total of 1,845,008 shares of Active Link common stock on
a fully converted basis.
The Filer's Investment Adviser is Renaissance Capital Group, Inc.,
which is also Investment Manager for Renaissance US Growth Investment
Trust PLC (formerly known as Renaissance US Growth and Income Trust
PLC). Renaissance US Growth Investment Trust PLC also owns securities
of Active Link Communications, Inc.
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(b) Percent of class:
8.20%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,845,008
(ii) Shared power to vote or to direct the vote
None
(iii) Sole power to dispose or to direct the disposition of
1,845,008
(iv) Shared power to dispose or to direct the disposition of
None
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].
CUSIP No.00505W 10 9 13G Page 5 of 5 Pages
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable
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Item 8. Identification and Classification of Members of the Group.
Not Applicable
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Item 9. Notice of Dissolution of Group.
Not Applicable
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Item 10. Certifications.
"By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having such purpose or effect."
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.
December 11, 2002
(Date)
/S/ Russell Cleveland
(Signature)
President & CEO
Renaissance Capital Growth & Income Fund III, Inc.
(Name/Title)
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
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).