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East

Convoq Inc. of Lexington, Mass., raised $10 million from 11 accredited investors through a Series B convertible preferred stock round of financing. The software developer plans to use the proceeds from the offering for working capital. For more information, call Charles Digate, president, at 781-676-6704.

Metabolix Inc. of Cambridge, Mass., has filed to raise $4.3 million through a private offering of Series J convertible preferred stock and common stock warrants. At the time of its SEC filing, the company had already raised $3.5 million from 18 accredited investors. The company, engaged in the business related to metabolic engineering, intends to use the proceeds from the offering for working capital. For more information, call James Barber, president, at 617-492-0505.

Reflectent Software Inc. of Lowell, Mass., raised $10 million from 14 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 N. Louis Shipley, CEO, at 978-888-0060.

Triad Pharmaceuticals Inc. of Melrose, Mass., raised $1 million from one accredited investor through a Series E preferred stock round of financing. The pharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call William Bachovchin, president, at 781-665-3118.

Mikronite Technologies Group Inc. of Carlstadt, N.J., has filed to raise $2 million through a private offering of Series D and E preferred stock. The developer of technology for materials polishing, surface strengthening, reacting uniformity and related properties intends to use the proceeds from the offering for working capital. For more information, call Jeffrey Coats, CEO, at 201-672-0940.

netForensics Inc. of Edison, N.J., raised $12 million from eight accredited investors through a Series C convertible preferred stock round of financing. The provider of IT infrastructure security solutions and management intends to use the proceeds from the offering for working capital. For more information, call Berry Sethi, CFO, at 732-393-6000.

Enterprise Air Inc. of New York has filed to raise $282,192 through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $99,999 from two accredited investors. The developer of infrastructure software for handheld computing devices intends to use the proceeds from the offering for working capital. For more information, call Michael Hejtmanek, CEO, at 212-941-1988.

Platform Learning Inc. of New York raised $4.1 million from four accredited investors through a Series B preferred stock round of financing. The educational services provider plans to use the proceeds for working capital. For more information, call Juan Torres, executive officer, at 212-208-1412.

Sequel Genetics Inc. of Pittsburgh raised $186,784 from four accredited investors through a Series A2 preferred stock round of financing. The drug discovery company plans to use the proceeds for working capital. For more information, call William Westberg, CEO, at 412-767-4243.

Trusted Edge Inc. of McLean, Va., has filed to raise $4.7 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.8 million from eight accredited investors. The provider of data protection products and services plans to use the proceeds from the offering for working capital and cancellation of indebtedness. For more information, call Michael Beck, CEO, at 703-448-0141.

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South

Source Medical Solutions Inc. of Birmingham, Ala., raised $600,000 from three accredited investors through a private placement of non-negotiable promissory notes and common stock warrants. The developer of healthcare software applications intends to use the proceeds from the offering for working capital. For more information, call P. Daryl Brown, CEO, at 205-972-1222.

RPM Solutions Inc. of Argyle, Texas, raised $2.3 million from 11 accredited investors through a Series A preferred stock round of financing. The company, engaged in healthcare management receivables business, intends to use the proceeds from the offering for working capital. For more information, call Jerry Morrison, CEO, at 940-241-2300.

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Midwest

HiPer Technology Inc. of Lawrence, Kan., has filed to raise $1.5 million through a Series B preferred stock round of financing. A minimum investment of $50,000 is required on the placement. The manufacturer of lightweight carbon fiber racing wheels for ATVís intends to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, debt repayment, working capital and redemption of common stock. For more information, call Douglas Baker, CEO, at 785-749-6011.

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West

Airena Inc. of Walnut Creek, Calif., raised $390,000 from six accredited investors through a Series A preferred and common stock round of financing. The software developer intends to use the proceeds from the offering for working capital and other purposes. For more information, call Brian Dougherty, president, at 510-326-0914.

Edge Dynamics Inc. of Mountain View, Calif., raised $291,200 from nine accredited investors through a private placement of convertible promissory notes and preferred stock warrants. The provier of Web-based infrastructure applications and related consulting services intends to use the proceeds from the offering for working capital. For more information, call John J. McGrory II, president, at 650-949-2316.

Bermai Inc. of Palo Alto, Calif., raised $3.3 million from 11 accredited investors through a Series B preferred stock round of financing. The wireless chip designer plans to use the proceeds for working capital. For more information, call Jaekyun Moon, executive officer, at 650-331-8700.

Certus Corp. of Irvine, Calif., has filed to raise $1.5 million through a Series E secured subordinated notes round of financing. At the time of its SEC filing, the company had already raised $335,000 from two accredited investors. The company, which consults on medical billing, plans to use the proceeds from the offering for working capital and coverage of investment related expenses. For more information, call James Adams, CFO, at 949-622-0501.

Currenex Inc. of Menlo Park, Calif., raised $2 million from four accredited investors through a private placement of convertible note and warrant. The company, which provides technology solutions for electronic currency trading, intends to use the proceeds from the offering for working capital. For more information, call Bruce Carmedelle, CFO, at 650-569-7500.

EnviroSystems Inc. of San Jose, Calif., raised $1 million from one accredited investor through a Series A preferred stock round of financing. The provider of proprietary non-emulsion technology for the infection control industry plans to use the proceeds from the offering for working capital. For more information, call Scott Miller, CFO, at 408-501-0890.

Extropy Pharmaceuticals Inc. of Mill Valley, Calif., has filed to raise $1.8 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $389,998 from seven accredited investors. The specialty pharmaceutical company, focused on pediatrics, plans to use the proceeds from the offering for working capital. For more information, contact Michael Perry, executive officer.

FreeHand Systems Inc. of Los Altos, Calif., has filed to raise $7 million through a private offering of convertible notes. At the time of its SEC filing, the company had already raised $3 million from three accredited investors. The provider of hardware and software for the music industry plans to use some proceeds from the offering for working capital. For more information, call Kim Lorz, president, at 650-941-0742.

JDCO Inc. of Davis, Calif., raised $1 million from two accredited investors through a private placement of convertible preferred stock with warrants. A minimum investment of $50,000 was required on the placement. PFK Development Group Ltd of San Francisco helped to place an issue for $91,000 in findersí fees. The operator of drive-through coffee and snack restaurants intends to use the proceeds from the offering for purchase of real estate, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, debt repayment, expansion budget, branding and working capital. For more information, call Ronald Sands, CFO, at 530-756-8020.

Pentagon Technologies Group Inc. of Livermore, Calif., raised $3.8 million from 10 accredited investors through a private placement of preferred stock. A minimum investment of $1,000 was required on the placement. The company, which specializes in cleaning and reconditioning of high performance semiconductor equipment parts and related services, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Brian Anderson, vice president, at 925-371-8350.

PicoNetics Inc. of Fremont, Calif., has filed to raise $12 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $10 million from 22 accredited investors. The computer chip designer intends to use the proceeds from the offering for working capital. For more information, call Jianbin Wu, executive officer, at 510-687-9457.

PrivaSys Inc. of Camarillo, Calif., has filed to raise $14.7 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $9.7 million from 15 accredited investors, the amount raised includes the cancellation of indebtedness, which was converted into preferred stock at a premium. The technology company, focused on adding security and convenience to credit and debit card transactions, plans to use the proceeds from the offering for salaries, fees and working capital. For more information, call Joan Ziegler, CEO, at 805-388-2060.

Resolution Health Inc. of San Jose, Calif., raised $3.3 million from five accredited investors through a Series A preferred stock round of financing. The provider of health care analytic services plans to use the proceeds from the offering for salaries, fees, debt repayment and working capital. For more information, call Chris Hill, vice president for finance and administration, at 408-882-0678.

Silicon Optix Inc. of San Jose, Calif., raised $16.7 million from 22 accredited investors through a Series B preferred stock round of financing. The developer of semiconductor devices for digital video markets intends to use the proceeds from the offering for working capital. For more information, call Paul Russo, CEO, at 408-487-9290.

SiliconSystems Inc. of Hawthorne, Calif., raised $200,000 from four accredited investors through a private offering of common stock. A minimum investment of $18,750 was required on the placement. The developer of solid-state storage solutions for the Enterprise System OEM market intends to use the proceeds from the offering for working capital. For more information, call Carl Swartz, president, at 310-727-9800.

Speedera Networks Inc. of Santa Clara, Calif., has filed to raise $2.1 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $2 million from eight accredited investors. The provider of distributed content and application delivery services intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Ajit Gupta, CEO, at 408-970-1500.

Syntricity Inc. of San Diego has filed to raise $535,500 through a private placement of common stock through a bridge round of financing. At the time of its SEC filing, the company had already raised $500,500 from three accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call John Reese, CFO, at 858-552-4485.

Technorati Inc. of San Francisco raised $771,254 from four accredited investors through a private placement of note and warrant through a bridge round of financing. The developer of Internet search software plans to use the proceeds for working capital. For more information, contact David Sifry, executive officer.

Interferal Inc. of Boulder, Colo., 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 $100,000 from one accredited investor. A minimum investment of $50,000 is required on the placement. The pharmaceutical company intends to use the proceeds from the offering for salaries, fees, working capital and other purposes. For more information, call Donald Goulart, CEO, at 303-440-3633.

Network Elements Inc. of Beaverton, Ore., has filed to raise $26.7 million through a Series 1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $16.2 million from 16 accredited investors. A minimum investment of $15,000 is required. The telecom company plans to use the proceeds for working capital. For more information, call Bruce Murdock, executive officer, at 503-644-7666.

BridgePort Networks Inc. of Seattle raised $10 million from eight accredited investors through a Series A convertible preferred stock round of financing. A minimum investment of $5,000 was required on the placement. The provider of technology solutions for convergence of communication networks intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Edward Battle, CFO, at 480-419-7926.

CEPTYR Inc. of Bothell, Wash., has filed to raise $2.6 million through a private offering of promissory notes and warrants for purchase of Series D convertible preferred stock. At the time of its SEC filing, the company had already raised $1.2 million from one accredited investor. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Gerald McGuire, executive officer, at 425-806-1600.

Nura Inc. of Seattle has filed to raise $12 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $4 million from three accredited investors. The company, engaged in biotech research, intends to use the proceeds from the offering for working capital. For more information, call Paul Cartee, executive officer, at 206-839-0300.

Ontain Corp. of Kirkland, Wash., has filed to raise $250,000 through a private offering of convertible debt and warrants. At the time of its SEC filing, the company had already raised $232,852 from 14 accredited investors. The provider of mobile transaction infrastructure for retail merchants, which allow consumers to easily and securely order and pay for goods and services using wireless devices, intends to use the proceeds from the offering for working capital. For more information, call Carman Wenkoff, vice president, at 425-636-2900.

Singlestep Technologies Corp. of Seattle has filed to raise $8 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $500,000 from one accredited investor. A minimum investment of $50,000 is required on the placement. The developer of integration software and solutions for customer IT networks intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Tom Graham, chairman of the board, at 206-448-9700.

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