Region_12_15_03

East

Memento Inc. of Concord, Mass., 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 $800,000 from one accredited investor. The software developer intends to use the proceeds from the offering for working capital. For more information, call B.C. Krishna, president, at 978-371-2774.

Medical Optical Imaging Inc. of Charlotte, N.C., raised $155,392 from 23 accredited investors through a private placement of convertible promissory notes. The medical optics company intends to use the proceeds from the offering for working capital. For more information, call Jonathon Benson, president, at 704-503-7272.

Red Pelican Inc. of Durham, N.C., has filed to raise $1.5 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $122,300 from six accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Robert Wood, executive officer, at 919-395-8142.

Unitive Inc. of Morrisville, N.C., raised $6.6 million from 37 accredited investors through a private offering of Series A preferred stock with warrant. The company, which is developing semiconductor bumping technology, intends to use the proceeds from the offering for working capital. For more information, call Arthur Bergens Jr., CFO, at 919-941-0606.

Linguagen Corp. of Cranbury, N.J., has filed to raise $10.2 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $4 million from 11 accredited investors. The biotech company, which is developing natural ingredients that improve the flavor of pharmaceuticals and foods and beverages, plans to use the proceeds from the offering for debt repayment and working capital. For more information, call Marcell Shawn, executive officer, at 609-860-1500.

Prominence Networks Inc. of Holmdel, N.J., has filed to raise $6.6 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $5 million from 14 accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Siddhartha Nag, CEO, at 732-203-9751.

Context Media Inc. of Providence, R.I., raised $6.9 million from six accredited investors through a Series C preferred stock round of financing. The company, which provides applications and services for creating and rich media content, plans to use the proceeds from the offering for debt repayment and working capital. For more information, call Bruce Hathaway, CFO, at 401-854-3400.

CPOR Inc. of Richmond, Va., raised $1.1million from 11 accredited investors through a private placement of notes and warrants. A minimum investment of $40,000 was required on the placement. The provider of premium packaging equipment plans to use the proceeds from the offering for working capital. For more information, call Benjamin Pasternak, president, at 888-533-7146.

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South

Cheltec Inc. of Sarasota, Fla., 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 $150,000 from one accredited investor. A minimum investment of $50,000 is required on the placement. The company, which manufacturers and distributes sulphuric acid based chemicals, intends to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, debt repayment and working capital. For more information, call Denise DeLancy, president, at 941-355-1045.

Regional Nuclear Pharmaceuticals Inc. of Birmingham, Ala., has filed to raise $1 million through a private offering of convertible promissory notes. At the time of its SEC filing, the company had already raised $100,000 from two accredited investors. The pharmaceutical company plans to use the proceeds from the offering for working capital. For more information, call Thomas Bartels, CFO, at 205-856-1406.

Ceterus Networks Inc. of Allen, Texas, raised $1 million from six accredited investors through a private placement of promissory note and warrant. The designer of telecom transmissions and switching equipment for use in voice and data networks intends to use the proceeds from the offering for working capital and other purposes. For more information, call Alan Buehler, treasurer, at 469-519-1100.

Cyneta Networks Inc. of Richardson, Texas, has filed to raise $1 million through a private offering of a note. At the time of its SEC filing, the company had already raised $500,000 from nine accredited investors. The company, which develops and deploys core wireless network elements, intends to use the proceeds from the offering for working capital. For more information, call Brian Alton, CFO, at 469-385-2434.

CardioMEMS Inc. of Atlanta raised $13.5 million from 23 accredited investors through a Series B preferred stock round of financing. The medical device maker plans to use the proceeds from the offering for working capital. For more information, call David Stern, executive officer, at 404-920-6700.

Pivot3 Inc. of Spring, Texas, raised $6.3 million from five accredited investors through a Series A preferred stock round of financing. The company, engaged in research and development of semiconductor and software solutions, intends to use the proceeds from the offering for working capital. For more information, call Alan Skidmore, president, at 281-379-5327.

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Midwest

Tactile Systems Technology Inc. of Edina, Minn., has filed to raise $325,000 through a private offering of 12% convertible notes and warrants. At the time of its SEC filing, the company had already raised $275,000 from two accredited investors. A minimum investment of $10,000 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 Randy Meyer, CEO, at 612-554-7500.

Verascape Inc. of Oakbrook Terrace, Ill., raised $412,686 from seven accredited investors through a private offering of Series C-2 convertible preferred stock with warrants. The developer of communication technology intends to use the proceeds from the offering for working capital. For more information, call John Corrigan, CFO, at 847-919-0873.

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West

CoolSystems Inc. of Berkeley, Calif., raised $578,300 from six accredited investors through a Series F preferred stock round of financing. The company, which is developing microenvironmental products, intends to use the proceeds from the offering for working capital. For more information, call Thomas Oliver, CEO, at 510-559-3940.

Alara Inc. of Hayward, Calif., raised $1.3 million from three accredited investors through a Series G preferred stock with warrants round of financing. The pharmaceuticals company plans to use the proceeds for working capital. For more information, call Charles Cantoni, CEO, at 510-265-6220.

AquaPhotonics Inc. of Carlsbad, Calif., has filed to raise $5 million through a private offering of common stock. The company, which is development technologies related to non-drinking water, intends to use the proceeds from the offering for purchase, rental or leasing and installation of machinery ad equipment, working capital, and research and development. For more information, call David Cheatham, president, at 760-438-6686.

Cierra Inc. of Redwood City, Calif., raised $6.7 million from 11 accredited investors through a private offering of preferred stock. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Hanson Gifford III, executive officer, at 650-298-9500×101.

Innovion Corp. of San Jose, Calif., raised $913,292 from two accredited investors through a private placement of convertible promissory notes and warrants. The provider of foundry ion implant services plans to use the proceeds from the offering for working capital. For more information, call Gary Holyoak, executive officer, at 408-501-9100.

Santur Corp. of Fremont, Calif., has filed to raise $11.1 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.2 million from 13 accredited investors. The provider of optical networking components intends to use the proceeds from the offering for working capital. For more information, call Richard Craig, CEO, at 510-656-7130.

Client Dynamics Inc. of Irvine, Calif., raised $2 million from 19 accredited investors through a Series A preferred stock round of financing. The software developer plans to use the proceeds for more information, call James Price, CFO, at 949-679-6469.

Cosini Networks Inc. of San Jose, Calif., raised $100,000 from two accredited investors through a private placement of convertible securities. The computer services company intends to use the proceeds from the offering for working capital. For more information, call George Lin, CFO, at 408-573-9688 ext.106.

Cryptoware Inc. of Cupertino, Calif., raised $260,000 from three accredited investors through a private placement of convertible securities. A minimum investment of $10,000 was required on the placement. The network security infrastructure company intends to use the proceeds from the offering for working capital. For more information, call Rony Kay, CEO, at 408-309-0308.

Grassroots Communications Inc. of Palm Desert, Calif., raised $1.6 million from 53 accredited investors through a private placement of common stock. The provider of Internet communications services intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, acquisition of other businesses, and working capital. For more information, call Cery Perle, president, at 760-779-0251.

Jiwire Inc. of South San Francisco raised $599,405 from 32 accredited investors through a private offering of preferred stock. The advertising company intends to use the proceeds from the offering for working capital. For more information, call Kevin McKenzie, president, at 650-873-9039.

MedVantx Inc. of San Diego has filed to raise $7 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $5.1 million from 12 accredited investors. The company, which provides disbursing systems for generic first-line therapy programs, plans to use the proceeds from the offering for working capital. For more information, call Robert Feeney, CEO, at 858-625-2990.

Neoguide Systems Inc. of Campbell, Calif., has filed to raise $13.9 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 six accredited investors. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Amir Belson, executive officer, at 408-874-0600.

Sinexus Inc. of Cupertino, Calif., raised $375,000 from three accredited investors through a sale of secured convertible promissory notes through a bridge loan round of financing. The pharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Donald Eaton, executive officer, at 408-777-4970.

Spoke Software Inc. of Palo Alto, Calif., raised $10.7 million from 15 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 Christopher Roon, executive officer, at 650-424-8525.

Threshold Pharmaceuticals Inc. of South San Francisco raised $41 million from 33 accredited investors through a Series B preferred stock round of financing. The developer of therapeutic compounds for the detection and treatment of cancer intends to use the proceeds from the offering for working capital. For more information, call Janet Swearson, CFO, at 650-553-6900.

Trinity Biosystems Inc. of Palo Alto, Calif., raised $1.3 million from seven accredited investors through a Series A preferred stock round of financing. The software developer plans to use the proceeds from the offering for working capital. For more information, call Peter McWilliams, president, at 650-855-9622.

Sensor Technologies & Systems Inc. of Scottsdale, Ariz., has filed to raise $1.3 million through a preferred stock round of financing. At the time of its SEC filing, the company had already raised $75,000 from two accredited investors. The minimum investment of $25,000 required on the placement can be waived. The provider of applications for radar and radio frequency technologies plans to use the proceeds from the offering for financial advisor compensation, purchase, leasing and installation of machinery and equipment, technology development costs, patents and working capital. For more information, call Arnold Nikula, vice president, at 480-483-1997.

Dental Data and Analysis Center Inc. of Seattle has filed to raise $960,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $120,000 from two accredited investors. The software developer plans to use the proceeds for working capital. For more information, call Michael del Aguila, president, at 206-526-7691.

Cenymer Corp. of Longmont, Colo., raised $1.5 million from six accredited investors through a Series B preferred stock round of financing. The company, which uses its proprietary technology for making diamond-like carbon to address the heat dissipation problem in semiconductor and other electronic devices, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Charles Partee, CEO, at 720-652-9835.

Entomo Inc. of Bellevue, Wash., has filed to raise $1.8 million through a Series 1 preferred stock with warrants round of financing. At the time of its SEC filing, the company had already raised $668,428. The placement of warrants will bring in additional $32,000 if warrants are exercised. The provider of online supplier relationship management system and strategic sourcing applications, which electronically link manufacturers with their direct materials supply chain, intends to use the proceeds from the offering for working capital. For more information, call Sanjoy Chatterji, CEO, at 425-467-0433.

ZARS Inc. of Salt Lake City raised $5 million from 49 accredited investors through a private placement of Series B convertible preferred stock. A minimum investment of $25,000 was required on the placement. Wasatch Venture Fund II LLC of Salt Lake City and VentureSpark of San Francisco helped to place an issue for $115,200 in sales commissions. The company, which is developing products to administer drugs non-invasively, plans to use the proceeds from the offering for research and development, administrative and regulative affairs, clinical trials, and ongoing litigation. For more information, call Larry Rigby, CEO, at 801-350-0202.

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