region_11_10_03

November 7 2003

East

Protedyne Corp. of Windsor, Conn., has filed to raise $9.8 million through a Series C convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $7 million from 24 accredited investors. The maker of automation equipment and provider of biotech services plans to use the proceeds for debt repayment and working capital. For more information, call David Dean, CFO, at 860-683-1860.

Kenet Inc. of Reading, Mass., has filed to raise $2.7 million through a Series A-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.6 million from 21 accredited investors. The manufacturer of semiconductor chips intends to use the proceeds from the offering for working capital. For more information, call Gerhard Sollner, CEO, at 781-942-4500.

Azopax Therapeutics Inc. of Wellesley, Mass., has filed to raise $2.5 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $25,000 from one accredited investor. The company, engaged in drug delivery research and development, intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, debt repayment and working capital. For more information, call Stephen Rowe, executive officer, at 781-235-2569.

Bridgeline Software Inc. of Woburn, Mass., has filed to raise $500,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $345,000 from 13 accredited investors. A minimum investment of $15,000 is required on the placement. Winslow Evans & Crocker Inc. of Boston is helping to place an issue for $32,000 in sales commissions. The developer of Internet and Intranet products intends to use the proceeds from the offering for working capital. For more information, call Gary Cebula, CFO, at 781-376-5555.

Enventive Engineering Inc. of South Lancaster, Mass., has filed to raise $150,000 through a private offering of convertible promissory notes and warrants. At the time of its SEC filing, the company had already raised $86,000 from three accredited investors. A minimum investment of $15,000 is required on the placement. The CAD/CAE software developer intends to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, working capital and various operating expenses. For more information, call Ralph Gifford III, CEO, at 978-365-7458.

NEXX Systems Inc. of Wilmington, Mass., raised $206,595 from one accredited investor through private placement of units, which consist of four shares of common stock and common stock warrant. The company, engaged in manufacturing and sale of process systems for advanced packaging of integrated circuits, intends to use the proceeds from the offering for working capital. For more information, call Richard Post, president, at 978-284-4980.

Correlogic Systems Inc. of Bethesda, Md., has filed to raise $3 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $1.2 million from six accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Peter Levine, president, at 301-214-4030.

BioStratum Inc. of Durham, N.C., has filed to raise $9.5 million through a private offering of convertible promissory notes. At the time of its SEC filing, the company had already raised $7.7 million from 34 accredited investors. The pharmaceutical research and development company intends to use some proceeds from the offering for working capital. For more information, call Robert Schotzinger, CEO, at 919-433-1000.

Allendale Pharmaceuticals Inc. of Allendale, N.J., raised $500,039 from one accredited investor through a Series A convertible preferred stock round of financing. The company, which offers over-the-counter pharmaceuticals, plans to use the proceeds from the offering for salaries, fees, debt repayment, working capital, public relations and other purposes. For more information, call Gene Detroyer, CEO, at 201-934-4499.

Barrier Therapeutics Inc. of Princeton, N.J., raised $32 million from 23 accredited investors through a Series C convertible preferred stock round of financing. The research and development pharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Anne VanLent, CFO, at 609-945-1200.

Laser Pharma Inc. of Morris Township, N.J., has filed to raise $1 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $250,000 from two accredited investors. The company, engaged in drug discovery, research and development, intends to use the proceeds from the offering for working capital. For more information, call Chen Tang, treasurer, at 650-327-8800.

Advisen Ltd of New York has filed to raise $5 million through a private offering of preferred stock. At the time of its SEC filing, the company had already raised $4 million from eight accredited investors. A minimum investment of $10,000 is required on the placement. The company, which offers strategic information services to the global commercial insurance industry via the Internet, intends to use the proceeds from the offering for working capital. For more information, call Thomas Ruggieri, CEO, at 212-897-4778.

M5 Networks Inc. of New York raised $395,000 from 12 accredited investors through a private offering of common stock. A minimum investment of $1,000 was required on the placement. The company, which offers enhanced voice and data services via IP networks, intends to use the proceeds from the offering for working capital. For more information, call Phillip Kim, vice president, at 646-230-5000.

Synacor Inc. of Buffalo, N.Y., raised $750,000 from one accredited investor through a Series A-1 preferred stock round of financing. The developer of software and platform solutions that support the delivery of value-added services for narrowband, broadband and wireless access providers intends to use the proceeds from the offering for working capital. For more information, call Ron Frankel, CEO, at 716-853-1362.

South

MeshNetworks Inc. of Maitland, Fla., raised $8.3 million from 15 accredited investors through a private offering of Series C preferred stock and common stock warrants. The mobile wireless technology company intends to use the proceeds from the offering for working capital. For more information, call Patrick McNair, CFO, at 407-659-5300.

Midwest

TriGeo Network Security Inc. of Post Falls, Idaho, raised $470,000 from six accredited investors through a Series B preferred stock. The network security company plans to use the proceeds for working capital. For more information, call Michelle Dickman, CEO, at 208-664-7000.

KeraCure Inc. of Chicago has filed to raise $1.5 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $265,000 from nine accredited investors. A minimum investment of $25,000 is required on the placement. The company, engaged in development of wound care products, plans to use the proceeds from the offering for salaries, fees and working capital. For more information, call Wendi Olson Ramsay, treasurer, at 312-587-1078.

StaXa Inc. of Morton Grove, Ill., has filed to raise $250,000 through a private offering of Class A voting common shares. At the time of its SEC filing, the company had already raised $25,000 from one accredited investor. A minimum investment of $12,500 is required on the placement. The software developer intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, working capital and other purposes. For more information, call Joseph DeSario, president, at 847-966-0580.

Nazca Solutions Inc. of Minneapolis has filed to raise $700,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $240,000 from two accredited investors. The developer of software engine for execution of enterprise-wide order management transactions intends to use the proceeds from the offering for working capital. For more information, call Theodore Mondale, CEO, at 612-279-6100.

West

Actional Corp. of Mountain View, Calif., raised $3.3 million from 16 accredited investors through a private placement of preferred stock. The software developer plans to use the proceeds for working capital. For more information, call Thomas Foody, CFO, at 650-254-4100.

Biospect Inc. of South San Francisco raised $15.1 million from 20 accredited investors through a Series A-1 preferred stock round of financing. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Deborah Neff, CEO, at 650-952-4350.

cDream Corp. of San Jose, Calif., raised $250,000 from one accredited investor through a Series A-2 preferred stock round of financing. The designer of flat panel displays, monitors and TV sets intends to use the proceeds from the offering for working capital. For more information, call Joseph Lee, president, at 408-826-3205.

Cogency Software Inc. of San Mateo, Calif., raised $1 million from three accredited investors through a private placement of note and warrants. The provider of network processing products and services intends to use the proceeds from the offering for working capital. For more information, call Sameer Shalaby, executive officer, at 650-655-6700.

CoTherix Inc. of Belmont, Calif., has filed to raise $30 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $26.1 million from 17 accredited investors. The company, engaged in development of therapy for inflammatory lung diseases, intends to use some proceeds from the offering for debt repayment and working capital. For more information, call Donald Santel, president, at 650-486-2130.

Digital Interactive Systems Corp. of Long Beach, Calif., has filed to raise $1 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $253,500 from nine accredited and eight non-accredited investors. A minimum investment of $10,000 is required on the placement. The maker of home entertainment systems, plans to use the proceeds for salaries and fees, machinery and equipment, construction or leasing of plant buildings and facilities, product development and working capital. For more information, call Avraham DorEl, president, at 626-287-0255.

Eternal Systems Inc. of Santa Barbara, Calif., raised $3.1 million from six accredited investors through a Series A-1 and A-2 preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call William Hogan, CEO, at 805-696-9051.

Network Physics Inc. of Mountain View, Calif., raised $8.2 million from 13 accredited investors through a Series B-1 preferred stock round of financing. The network company intends to use the proceeds from the offering for working capital. For more information, call David Jones, CEO, at 650-230-0900.

PipeDream Metasystems Inc. of Emeryville, Calif., has filed to raise $1.1 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $991,000 from 22 accredited investors, $333,500 of the amount raised accounts for non-cash receipt. The software developer intends to use the proceeds from the offering for debt repayment and working capital. For more information, call David Hartford, president, at 510-652-1621.

Platform Solutions Inc. of Sunnyvale, Calif., raised $5.2 million from 16 accredited investors through a Series A preferred stock round of financing. The software developer plans to use the proceeds for working capital. For more information, call Michael Maulick, executive officer, at 408-737-3444.

PriMetrica Inc. of Carlsbad, Calif., has filed to raise $1 million through a private offering of common stock. The provider of subscription based market intelligent products and services intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Thomas Murphy, CEO, at 760-579-0218.

RouteScience Technologies Inc. of San Mateo, Calif., raised $450,000 from four accredited investors through a convertible bridge note round of financing. The communications equipment manufacturer intends to use the proceeds from the offering for working capital. For more information, call Herbert Madan, CEO, at 650-548-3300.

SpectraGenics Inc. of Pleasanton, Calif., has filed to raise $1.6 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.3 million from seven accredited investors. The medical device company plans to use proceeds from the offering for working capital. For more information, call Robert Grove, president, at 925-963-8523.

Sylantro Systems Corp. of Campbell, Calif., has filed to raise $18 million through a Series D preferred stock round of financing. At the time of its SEC filing, the company had already raised $11.5 million from 20 accredited investors. The developer of telephony related services and software intends to use some proceeds from the offering for working capital. For more information, call Pete Bonee, executive officer, at 408-626-2300.

Translucent Photonics Inc. of Palo Alto, Calif., raised $4 million from one accredited investor through a Series B preferred stock round of financing. The company, which is engaged in the material science R&D related to semiconductor product development, plans to use the proceeds from the offering for working capital. For more information, call Robert Haddad, CEO, at 650-213-9311.

Typhoon Security Technology Inc. of Santa Barbara, Calif., has filed to raise $10 million through a second private offering of preferred stock. At the time of its SEC filing, the company had already raised $25,000 from one accredited investor. A minimum investment of $25,000 is required on the placement. Mabolo Inc. of Santa Barbara, Calif., and L.H. International Inc. of Las Vegas help to place the issue for $100,000 in sales commissions and $500,000 in findersí fees. The developer of security technology products intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Philip Myers, CEO, at 800-582-3094.

WhereNet Corp. of Santa Clara, Calif., raised $10 million from six accredited investors through a Series F preferred stock with warrants round of financing. The provider of software inventory solutions intends to use the proceeds from the offering for working capital. For more information, call Patrick Murray, CFO, at 408-845-8500.

Zenprise Inc. of Danville, Calif., raised $350,000 from two accredited investors through a private placement of convertible note. The technology company, engaged in the business related to automated systems management of enterprise applications, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Waheed Qureshi, CEO, at 510-872-4285.

Fortis Communications Inc. of Englewood, Colo., has filed to raise $300,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $110,000 from three accredited investors. A minimum investment of $15,000 is required on the placement. The Internet service provider intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Eric Noe, vice president, at 303-781-2344.

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