Renaissance Golf Products Inc.: The Huntington Beach...

Renaissance Golf Products Inc.: The Huntington Beach golf products and accessories company said it lost $319,000, or 6 cents a share, for the third quarter, compared with a net loss of $489,000, or 9 cents a share, for the comparable period last year. Sales dropped to $175,000 from $1.1 million. The company said the decline was due mainly to the lack of sufficient working capital to fund inventory purchases. The company said it lost $886,000, or 16 cents a share, for the nine months, compared with a net loss of $1.5 million, or 27 cents a share, a year ago. Revenue fell to $1.4 million from $4.1 million.