region_09_29_03

September 26 2003

East

Cambridge Research & Instrumentation Inc. of Woburn, Mass., has filed to raise $6 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $5.3 million from 51 accredited investors. A minimum investment of $50,000 is required on the placement. The developer of high performance liquid crystal electro-optics plans to use the proceeds for working capital. For more information, call Peter Antoinette, president, at 781-935-9099.

Gold Wire Technology Inc. of Waltham, Mass., has field to raise $2.5 million through a private offering of convertible promissory note. At the time of its SEC filing, the company had already raised $1.5 million from one accredited investor. The software developer intends to use the proceeds from the offering for working capital. For more information, call T.C. Browne, CEO, at 781-398-8800.

Medical Media Systems Inc. of West Lebanon, N.H., has field to raise $3.5 million through a Series B convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.48 million from 27 accredited investors. A minimum investment of $12,700 is required on the placement. The developer of 3-D modeling for medical applications plans to use the proceeds for purchase, rental or leasing and installation of machinery and equipment, working capital and development of new software. For more information, call M. Weston Chapman, CEO, at 603-298-5509.

Amicus Therapeutics Inc. of North Brunswick, N.J., raised $1 million from two accredited investors through a private offering of convertible promissory notes and warrants. The developer of small molecule approach to lysosomal storage diseases and other genetic disorders intends to use the proceeds from the offering for working capital. For more information, call Norman Hardman, CEO, at 732-745-9977.

Lumeta Corp. of Somerset, N.J., raised $3.5 million from seven accredited investors through a Series B preferred stock round. The provider of corporate network management and security services intends to use the proceeds from the offering for working capital. For more information, call Janet Coddington, CFO, at 732-357-3500.

PacificHealth Laboratories Inc. of Matawan, N.J., has filed to raise $1.5 million through a private offering of common stock with warrants. At the time of its SEC filing, the company had already raised $575,000 from 25 accredited investors. A minimum investment of $5,000 is required on the placement. Fahnestock & Co. Inc. of New York and Mozart Inc. of Ponte Vedra Beach, Fla., are acting as placement agents for $27,600 in sales commissions and common stock warrants. The company, engaged in research and development of proprietary nutritional products, intends to use the proceeds from the offering for working capital. For more information, call Stephen Kuchen, vice president, at 732-739-2900.

Restricted Stock Systems Inc. of Princeton, N.J., has filed to raise $1 million through a private offering of Series B convertible preferred stock with warrants. At the time of its SEC filing, the company had already raised $776,165 from 22 accredited investors. The provider of technology system for brokerage firms intends to use the proceeds from the offering for working capital. For more information, call Gregory Besner, CEO, at 609-430-7400.

Intelli-Mark Technologies Inc. of Raleigh, N.C., raised $500,000 from 11 accredited investors through a sale of convertible promissory notes. The developer of technology that enables secure delivery of tickets over the Internet intends to use the proceeds from the offering for working capital. For more information, call Gregory Briley, executive officer, at 919-782-5010.

ActiveStrategy Inc. of East Norriton, Pa., raised $1.2 million from three accredited investors through a Series B convertible preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call John Steele, CEO, at 610-239-8005.

ALung Technologies Inc. of Pittsburgh has filed to raise $2 million through a private offering of convertible promissory notes. At the time of its SEC filing, the company had already raised $690,000 from 16 accredited investors. The developer of artificial lung device intends to use some proceeds from the offering for working capital. For more information, call Nicholas Kuhn, CEO, at 412-401-7670.

Directory Xpress Inc. of Glenside, Pa., has filed to raise $250,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $25,000 from one accredited investor. The provider of Web based directory publishing services intends to use the proceeds from the offering for working capital. For more information, call Stephen Wysoczanski, president, at 215-990-1746.

eCycle Inc. of Temple, Pa., has filed to raise $2 million through a private offering of common stock. A minimum investment of $25,000 is required on the placement. The company, which manufacturers and markets energy conversion components, intends to use the proceeds from the offering for salaries, fees, working capital and other purposes. For more information, call Daniel Sodomsky, CEO, at 610-939-0480.

South

GeneEx Inc. of Plantation, Fla., has filed to raise $200,000 through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $180,000 from one accredited investor. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Mead McCabe, president, at 954-587-9020.

NovaVision Inc. of Boca Raton, Fla., raised $6 million from three accredited investors through a Series A preferred convertible stock round of financing. The developer of software for diagnosis and treatment of visual disorders intends to use the proceeds from the offering for working capital. For more information, call Navroze Mehta, CEO, at 561-368-0087.

Solar Pharmaceuticals Inc. of Boca Raton, Fla., raised $2.8 million from 19 accredited investors through a private placement of common stock. A minimum investment of $17,500 was required on the placement. The pharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Lawrence Solomon, CEO, at 305-538-1491.

WiDeFi Corp. of Satellite Beach, Fla., has filed to raise $1.9 million through a private offering of convertible promissory notes and preferred stock warrants. At the time of its SEC filing, the company had already raised $1.2 million from nine accredited investors. A minimum investment of $10,000 is required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call James Proctor, CEO, at 321-777-2085.

Celion Networks Inc. of Richardson, Texas, has filed to raise $15 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $9 million from nine accredited investors. The telecom company intends to use some proceeds from the offering for working capital. For more information, call Pawan Jaggi, executive officer, at 469-624-4100.

GRT Inc. of Woodlands, Texas, raised $500,000 from 22 accredited and four non-accredited investors through a private placement of common stock. The company, which commercializes gas-to-liquid technologies, intends to use the proceeds from the offering for working capital. For more information, contact Michael Pfau, executive officer.

SyChip Inc. of Plano, Texas, has filed to raise $15 million through a Series D convertible participating preferred stock round of financing. At the time of its SEC filing, the company had already raised $12.5 million from eight accredited investors. The developer of radio frequency integrated circuits and chip scale modules for the wireless Internet appliance market intends to use the proceeds from the offering for working capital. For more information, call George Barber, CEO, at 972-633-2537.

North Bay Equity Partners LLC of Miami Beach, Fla., raised $200,000 from eight accredited investors through a private placement of units of membership interests. The company plans to provide financial advisory services to companies located in, or doing business in Latin America, which are seeking access to private equity capital. For more information, call Matthew Cole, president, at 305-777-2212.

Invicta Group Inc. of Miami Beach, Fla., has field to raise $500,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $498,700 from three accredited and 33 non-accredited investors. The Internet based travel and entertainment services provider intends to use the proceeds from the offering for working capital. For more information, call William Forhan, president, at 305-866-6525.

Midwest

GovDocs Inc. of St. Paul, Minn., raised $1 million from 20 accredited investors through a Series C preferred stock round of financing. The company, which offers electronic document delivery and related services to governmental organizations, intends to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call Scott Burns, CEO, at 651-665-0930.

West

Composite Software Inc. of San Mateo, Calif., raised $12.1 million from 17 accredited investors through a Series B preferred stock round of financing. A minimum investment of $40,000 was required. The developer of data integration software intends to use the proceeds for working capital. For more information, call Michael Abbott, executive officer, at 650-345-8200.

Cortex Pharmaceuticals Inc. of Irvine, Calif., raised $13.8 million from 24 accredited investors through a private offering of common stock with warrants. Rodman & Renshaw Inc. of New York and Shoreline Pacific LLC of Saulsalito, Calif., helped to place the issue. The developer neurodegenerative and other neurological and psychiatric reatments intends to use the proceeds from the offering for working capital. For more information, call Maria Messinger, CFO, at 949-727-3157.

Information Security Systems and Services Inc. of Cupertino, Calif., raised $9.1 million from 24 accredited investors through a Series B preferred stock round of financing. A minimum investment of $5,000 was required on the placement. The developer of financial security software intends to use the proceeds from the offering for working capital. For more information, call Joerg Ferchau, president, at 408-725-7136.

IQinVision Inc. of Santa Ana Heights, Calif., raised $1.8 million from 12 accredited investors through a private placement of Series B convertible preferred stock and convertible promissory note. The manufacturer of industrial network cameras intends to use the proceeds from the offering for working capital. For more information, call Peter DeAngelis, president, at 714-850-0805.

Leopard Logic Inc. of Cupertino, Calif., has filed to raise $10 million through a private offering of Series B preferred stock. At the time of its SEC filing, the company had already raised $8.8 million from six accredited investors, $5 million of the amount raised accounts for cancellation of convertible promissory notes. The software developer intends to use the proceeds from the offering for working capital. For more information, call Christopher Phillips, CEO, at 408-777-0905.

MagicStaff Corp. of Emeryville, Calif., raised $450,000 from five accredited investors through a private offering of convertible promissory notes. A minimum investment of $25,000 was required on the placement. The provider of business process outsourcing technology plans to use the proceeds for salaries, fees, debt repayment and working capital. For more information, call F. Christopher Kolb, president, at 510-601-9700.

Metabolex Inc. of Hayward, Calif., raised $6 million from seven accredited investors through a Series B-1 preferred stock round of financing. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Mark Bagnall, CFO, at 510-293-8800.

Loudeye Corp. of Seattle has filed to raise $14.1 million through a private offering of common stock and warrants. At the time of its SEC filing, the company had already raised $12.1 million from 19 accredited investors. Roth Capital Partners LLC of Newport Beach, Calif., is acting as an agent on the placement for $485,999 in sales commissions. The developer of digital media technology intends to use the proceeds from the offering for working capital. For more information, call Jerold Goade, CFO, at 206-832-4000.

Oluma Inc. of Carlsbad, Calif., raised $2.4 million from five accredited investors through a private offering of notes and warrants. The developer of optical integrated circuits plans to use the proceeds for working capital. For more information, call George Pontiakos, CEO, at 760-918-0890.

Metron Technology N.V. of San Jose, Calif., raised $7 million from seven accredited investors through a private placement of 8% convertible debentures. The company placed in common stock warrants, which will bring in up to $3.6 million if warrants are exercised. Enable Capital LLC of San Francisco acted as an agent on the placement for $287,000 in findersí fees and common stock warrants. The provider of sales and marketing services for the semiconductor industry intends to use the proceeds from the offering for working capital. For more information, call Douglas McCutcheon, CFO, at 408-719-4600.

Tivella Inc. of Half Moon Bay, Calif., raised $1 million from one accredited investor through a Series A preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Sofin Raskin, president, at 650-454-0900.

Clear Technology Inc. of Westminster, Colo., raised $1.2 million from 12 accredited investors through a Series A preferred stock round. The software developer intends to use the proceeds from the offering for working capital. For more information, call Christopher Kendall, CFO, at 303-583-4100.

In2Gr8 Inc. of Edmonds, Wash., has filed to raise $200,000 through a private offering of convertible subordinated promissory notes. At the time of its SEC filing, the company had already raised $100,000 from three accredited investors. A minimum investment of $25,000 is required. The company, engaged in sales and installation of software products, plans to use the proceeds from the offering for working capital. For more information, call Jamie Miller, CEO, at 425-776-7888.

UIEvolution Inc. of Bellevue, Wash., has field to raise $5 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $213,137 from two accredited investors. The software developer intends to use some proceeds from the offering for working capital. For more information, call Lou Gray, vice president, at 425-460-0860.

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