region_12_08_03

East

EM4 Inc. of Burlington, Mass., raised $8 million from six accredited investors through a Series B cumulative redeemable convertible preferred stock round of financing. The manufacturer of optical electronic components intends to use the proceeds from the offering for working capital. For more information, call Alex Rosiewicz, president, at 781-221-6290.

Legra Systems Inc. of Burlington, Mass., has filed to raise $12 million through a Series B convertible participating preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.2 million from five accredited investors. The maker of components for wireless network infrastructure plans to use the proceeds from the offering for working capital. For more information, call David Tolwinski, president, at 781-743-3200.

Narad Networks Inc. of Westford, Mass., has filed to raise $1.5 million through a private offering of promissory notes. At the time of its SEC filing, the company had already raised $1.3 million from 15 accredited investors. The broadband IP infrastructure company plans to use some proceeds from the offering for working capital. For more information, call Craig Dynes, CEO, at 978-589-1800.

Ai Metrix Inc. of Reston, Va., raised $2 million from nine accredited investors through a Series C preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Phil Carrai, CEO, at 703-668-1000.

Dirig Software Inc. of Nashua, N.H., has filed to raise $2.6 million through a Series E convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.2 million from six accredited investors. The provider of adaptive J2EE performance management solutions intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Jeremy Davis, CEO, at 603-889-2777.

Affinity Express Inc. of Sanborn, N.Y., has filed to raise $750,000 through a private offering of convertible notes. At the time of its SEC filing, the company had already raised $715,527 from nine accredited investors. The company, engaged in the business of creating, transferring, enhancing, and manipulating digital files, plans to use the proceeds from the offering for working capital. For more information, call Paul Van Damme, CFO, at 866-731-2244.

Script-Fast Inc. of Harrisburg, Pa., has filed to raise $700,000 through a private offering of preferred stock. The developer of automated electronic prescription transaction program intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Curtis Hess, president, at 717-909-9055.

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South

ParkerVision Inc. of Jacksonville, Fla., raised $14.6 million from 16 accredited investors through private placement of common stock. The manufacturer of laser textile marking and fading system intends to use the proceeds from the offering for working capital. For more information, call Cindy Poehlman, chief accounting officer, at 904-737-1367.

Recruitmax Software Inc. of PonteVedra Beach, Fla., raised $17.2 million from six accredited investors through a Series A preferred stock round of financing. The developer of human resources software intends to use the proceeds from the offering for working capital and redemption of common stock. For more information, call James Philip, president, at 904-394-5644.

Movaz Networks Inc. of Norcross, Ga., raised $5 million from one accredited investor through a private offering of Series D-4 preferred stock. Additionally, the company placed in common stock warrant, which will bring in $2.5 million if warrant are exercised. The provider of optical networks intends to use the proceeds from the offering for working capital. For more information, call Bijan Khosravi, executive officer, at 678-728-8700.

Molecular Imprints Inc. of Austin, Texas, has filed to raise $30 million through a Series B convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $14.9 million from 18 accredited investors. The company, engaged in the business related to lithography systems and technology, intends to use the proceeds from the offering for working capital. For more information, call Norman Schumaker, CEO, at 512-339-7760.

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Midwest

Protrino Inc. of Minneapolis has filed to raise $450,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $150,000 from one accredited investor. The developer of miniature PC-based systems plans to use the proceeds from the offering for working capital. For more information, contact David Carroll, president.

NeoSpine Inc. of Nashville, Tenn., raised $580,000 from 13 accredited investors through a Series A preferred stock round of financing. The company, which is developing ambulatory surgery centers, plans to use the proceeds from the offering for working capital. For more information, call Rock Morphis, president, at 615-665-8220.

ICOP Digital Inc. of Overland Park, Kan., has filed to raise $5 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $200,000 from two accredited investors. A minimum investment of $10,000 is required on the placement. InCap Group Inc. of Baltimore and Broadband Capital Management LLC of New York helped to place an issue for $250,000 in sales commissions. The traffic safety products company plans to use the proceeds from the offering for salaries and fees, debt repayment, coverage of engineering and tooling expenses and working capital. For more information, call David Owen, CFO, at 913-338-5550.

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West

Anadys Pharmaceuticals Inc. of San Diego has filed to raise $8.1 million through a Series C convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.3 million from 20 accredited investors. The drug discovery company plans to use the proceeds for working capital. For more information, call Kleanthis Xanthopoulos, executive officer, at 858-530-3600.

Arroyo Video Solutions Inc. of Pleasanton, Calif., has filed to raise $14.5 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $5.1 million from seven accredited investors. The provider of interactive services infrastructure for transferring of video on demand plans to use the proceeds for working capital. For more information, call Paul Sherer, executive officer, at 925-847-2035.

Acsera Corp. of Sunnyvale, Calif., raised $6 million from five accredited investors 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 Allen Bannon, president, at 408-832-5244.

AuctionDrop Inc. of San Carlos, Calif., has filed to raise $5 million through a Series A-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $3 million from 12 accredited investors. The retail company, which helps consumers sell goods online, plans to use some proceeds from the offering for working capital. For more information, call Randy Adams, president, at 650-610-0686.

AirManage Networks Inc. of Cupertino, Calif., raised $500,000 from six accredited investors through a Series A preferred stock round of financing. The telecom and networking equipment provider plans to use the proceeds from the offering for working capital. For more information, call Muthu Logan, executive officer, at 408-257-2146.

HemoLife Medical Inc. of San Clemente, Calif., has filed to raise $1.3 million through a private offering of common stock with warrants. At the time of its SEC filing, the company had already raised $580,000 from 27 accredited investors. A minimum investment of $10,000 is required on the placement. The company, engaged in the business of plasma filtration of toxins, plans to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call Rudolph Shepard, executive officer, at 949-498-9461.

AutoGenomics Inc. of Carlsbad, Calif., has filed to raise $10 million through a Series B convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.5 million from 20 accredited investors. A minimum investment of $50,000 is required on the placement. The medical device company intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Richard Hamill, COO, at 760-804-7378.

HydroPoint Data Systems Inc. of Petaluma, Calif., raised $850,000 from five accredited investors through a private placement of convertible promissory notes. The company, engaged in the business related to water conservation technology, plans to use the proceeds from the offering for working capital. For more information, call Christopher Spain, CEO, at 707-969-9696.

IntruGuard Devices Inc. of Sunnyvale, 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 $1.5 million from three accredited investors. The developer of intrusion prevention system intends to use the proceeds from the offering for working capital. For more information, call Ashok Jain, CEO, at 408-400-4180.

Kwick Test Inc. of Cerritos, Calif., has filed to raise $5 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $2,000 from one accredited investor. The company plans to allocate $750,000 from the proceeds to findersí and investment bankersí fees. The manufacturer of diagnostics, such as like pregnancy tests, plans to use the proceeds for salaries and fees, purchase, rental or leasing installation of machinery and equipment, construction or leasing of buildings and facilities, and working capital. For more information, call Jeffrey Slamal, CEO, at 562-809-4417.

ipPrime Inc. of Cupertino, Calif., raised $132,000 from seven accredited investors through a private placement of preferred stock. A minimum investment of $10,000 was required on the placement. The developer and manufacturer of Web based Universal Controllers for applications in personal health care, electronic equipment monitoring and control, and precision fluid delivery systems intends to use the proceeds from the offering for working capital. For more information, call Walter Li, beneficial owner, at 510-693-9786.

Nuasis Corp. of San Jose, Calif., raised $432,538 from six accredited investors through a Series B-1 preferred stock round of financing. The telecom services provider and software developer plans to use the proceeds from the offering for working capital. For more information, call Edward Lauing, executive officer, at 408-350-4900.

OurPictures Inc. of Palo Alto, Calif., raised $1.2 million from 19 accredited investors through a Series A preferred stock round of financing. The digital photography company plans to use the proceeds for working capital. For more information, call John M. Paul, executive officer, at 866-679-4301.

Voltage Security Inc. of Palo Alto, Calif., raised $11.6 million from 10 accredited investors through a Series B preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Sathvik Krishnamurthy, CEO, at 650-328-7448.

Peninsula Pharmaceuticals Inc. of Alameda, Calif., raised $692,400 from one accredited investor through a private placement of common stock. The pharmaceutical company focused on anti-infective products intends to use the proceeds from the offering for working capital. For more information, call Paul Truex, executive officer, at 510-747-3900.

Seriwon Inc. of Anaheim Hills, Calif., raised $100,000 from six accredited and one non-accredited investors through a Series A preferred stock round of financing. The provider of wireless network services intends to use the proceeds from the offering for working capital. For more information, call David Smith, president, at 760-500-5673.

Pometrics Inc. of Berkeley, Calif., raised $255,000 from three accredited and four non-accredited investors through a private placement of common stock. The developer of profit optimizing software intends to use the proceeds from the offering for salaries and fees, software licenses, supplies, Web hosting and other purposes. For more information, call Baruch I. Saeed, president, at 510-508-1187.

Avinti Inc. of Orem, Utah, has filed to raise $750,000 through a private offering of convertible securities. At the time of its SEC filing, the company had already raised $250,000 from nine accredited investors. The software developer intends to use some proceeds from the offering for working capital. For more information, call Wally Marsden, executive officer, at 801-762-0707.

Mindshare Technologies Inc. of Salt Lake City raised $170,000 from five accredited and three non-accredited investors through a Series B convertible preferred stock round of financing. Omni Brokerage of South Jordon, Utah, helped to place an issue. The software developer plans to use the proceeds from the offering for debt repayment and working capital. For more information, call John Sperry, CEO, at 801-263-2333.

Antelope Technologies Inc. of Highlands Ranch, Colo., 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 $5,000 from one accredited investor. The manufacturer of mobile computers intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, debt repayment and working capital. For more information, call C. Stephen Guyer, CFO, at 720-344-4313.

Advent Solar Inc. of Sandia Park, N.M., has filed to raise $1.7 million through a private offering of Series A convertible stock with warrants. At the time of its SEC filing, the company had already raised $300,000 from six accredited investors. The company, which is developing photovoltaic products, plans 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, and working capital. For more information, call Russell Schmit, president, at 505-281-1505.

MagnaDrive Corp. of Seattle has filed to raise $5 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $2 million from 49 accredited investors. The company, engaged in commercialization of magnetic drive technology, intends to use the proceeds from the offering for working capital. For more information, call Greg Eastman, executive officer, at 206-694-4700.

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