regional 09 08 03

CABGMedical Inc. of Minneapolis raised $2.3 million from 33 accredited investorsthrough a private placement of common stock. The minimum investment of $100,000required on the placement can be waived. The developer of coronary bypassdevices and related products intends to use the proceeds from the offering forpurchase, rental or leasing and installation of machinery and equipment,working capital as well as product development, regulatory affairs program,clinical studies and marketing. For more information, call Manuel Villafana, CEO, at763-867- 8506.

GearworksInc. of Eagen, Minn., has field to raise $5.5 million through a SeriesA-2 preferred stock round of financing. At the time of its SEC filing, thecompany had already raised $3.9 million from seven accredited investors. Thedeveloper of wireless mobile applications intends to use the proceeds from theoffering for working capital. For more information, call David Makarechian, executiveofficer, at 800-735-3457.

DataSearch Systems Inc. of St. Louis raised $2 million from 13 accredited investorsthrough a Series A preferred stock round of financing. The high-speed datasearching technology company intends to use the proceeds from the offering forworking capital. For more information, call Benjamin Brink, executiveofficer, at 314-454- 5749.

NewMedicalTechnology Inc. of Prospect Heights, Ill., has field to raise $600,000 through aprivate offering of common stock. At the time of its SEC filing, the companyhad already raised $160,000 from three accredited investors. A minimuminvestment of $10,000 is required on the placement. The maker of surgicaldevices intends to use the proceeds from the offering for working capital. Formore information, call A. Michael Hanna, co-CEO, at 847-567-6995.

CumberlandPharmaceuticals Inc. of Nashville, Tenn., has filed to raise $510,000 through aprivate offering of common stock. At the time of its SEC filing, the companyhad already raised $24,996 from one accredited investor. The company, whichplans to acquire and market niche pharmaceutical products, intends to use theproceeds from the offering for working capital. For more information, call A.J.Kazimi, CEO, at 615-255-0068.

GTxInc. of Memphis, Tenn., raised $20 million from 11 accreditedinvestors through a private placement of 8% Series E cumulative convertiblepreferred stock. A minimum investment of $25,000 was required on the placement.The biopharmaceutical company intends to use the proceeds from the offering forworking capital. For more information, call Mark Mosteller, CFO, at901-523-9700.

TelemicsInc. of Louisville, Ky., raised $500,000 from eight accreditedinvestors through a private placement of senior secured convertible promissorynote. The designer of wireless telemetry networks intends to use the proceedsfrom the offering for working capital. For more information, call ScottRoussell, CEO, at 502-583-9052.

ImaluxCorp. of Cleveland raised $1.9 million from nine accredited investorsthrough a Series A convertible preferred stock round of financing. A minimuminvestment of $21,934 was required on the placement. The medical technologycompany 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 andproduct development. For more information, call J. Lloyd Breedlove, CEO, at216-502-0748.

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8x8Inc. (Nasdaq: EGHT) of Santa Clara, Calif., raised $980,840 from 10accredited investors through a private placement of common stock. Additionally,the company placed in common stock warrants, which will bring on up to $2.3million if warrants are exercised. Griffin Securities Inc. of New York acted asan agent on the placement for $49,000 in sales commissions. The communicationtechnology company intends to use the proceeds from the offering for workingcapital. For more information, call James Sullivan, CFO, at408-727-1885.

AirwaveWireless Inc. of San Mateo, Calif., raised $1.8 million from two accreditedinvestors through a Series C preferred stock round of financing. The providerof enterprise wireless networks intends to use the proceeds from the offeringfor salaries, fees and working capital. For more information, call Greg Murphy, president, at650-286-6100.

AvanirPharmaceuticals (AMEX: AVN) of San Diego raised $10 million from 13 accreditedinvestors through a private placement of Class A common stock with warrants.Think Equity Partners LLC of New York acted as an agent on the placement for$501,000 in sales commissions. The drug discovery company intends to use theproceeds from the offering for working capital. For more information, call GregoryHanson, CFO, at 858-622-5200.

CardioVentionInc. of Santa Clara, Calif., raised $21.2 million from 21 accreditedinvestors through a Series C preferred stock round of financing. The medicaldevice company intends to use the proceeds from the offering for workingcapital. For more information, call J. Casey McGlynn, executive officer,at 408- 844-5100.

CollationInc. of Palo Alto, Calif., raised $8 million from four accreditedinvestors through a Series B preferred stock round of financing. The softwaredeveloper intends to use the proceeds from the offering for working capital. Formore information, call Robert Roblin, CEO, at 650-561-9807.

ConorMedsystems Inc.of Menlo Park, Calif., has filed to raise $30 million through aSeries D preferred stock round of financing. At the time of its SEC filing, thecompany had already raised $11.9 million from 22 accredited investors. Thecompany, which develops stents and other medical devices, intends to use theproceeds from the offering for working capital. For more information, call FrankLitvack, executive officer, at 650-614- 4100.

CourtroomConnect of San Francisco raised $397,500 from 11 accredited investorsthrough a Series C preferred stock round of financing. The company, whichprovides wireless Internet access in court facilities, intends to use theproceeds from the offering for salaries and fees, debt repayment and workingcapital. For more information, call Louis Goldberg, president, at415-762-2108.

eMotionInc. of San Francisco raised $850,000 from one accredited investorthrough a Series F preferred stock round of financing. The software developerintends to use the proceeds from the offering for working capital. For moreinformation, call Richard Fisher, CEO, at 415-546-2113.

EntopiaInc. of Belmont, Calif., raised $7 million from three accreditedinvestors through a Series C preferred stock round of financing. The softwaredeveloper intends to use the proceeds from the offering for working capital.For more information, call Karin Bootsma, vice president, at 650-632-0101.

HotwireInc. of San Francisco raised $2 million from one accredited investorthrough a private placement of Series C preferred stock and warrants topurchase Class B common stock. The Internet based travel company intends to useproceeds from the offering for working capital. For more information, call TimothyDunn, CFO, at 415-343-8680.

PostXCorp. of Cupertino, Calif., has filed to raise $8.6 million through aSeries B-1 convertible preferred stock round of financing. At the time of itsSEC filing, the company had already raised $4.8 million from one accreditedinvestor. The software developer intends to use the proceeds from the offeringfor working capital. For more information, call Thomas Thampy, executiveofficer, at 408-861-3500.

TeraBlazeInc. of Cupertino, Calif., raised $2 million from five accreditedinvestors through a private placement of convertible promissory notes. Thesemiconductor company intends to use the proceeds from the offering for workingcapital. For more information, call Shankar Mukherjee, president, at408-343-3780.

KaiPharmaceuticals Inc. of Menlo Park, Calif., has filed to raise $18.2 million through aSeries A preferred stock round of financing. At the time of its SEC filing, thecompany had already raised $15.3 million from 15 accredited investors. Aminimum investment of $25,000 is required on the placement. The company,focused on discovery and development of enzymes, intends to use some proceedsfrom the offering for working capital. For more information, call J. CaseyMcGlynn, executive officer, at 650-727-7720.

VenturiWireless Inc.of Sunnyvale, Calif., has filed to raise $6 million through aSeries B preferred stock round of financing. At the time of its SEC filing, thecompany had already raised $1.5 million from five accredited investors. Theprovider of wireless network acceleration solutions for mobile operatorsintends to use the proceeds from the offering for working capital. For moreinformation, call John Fazio, president, at 408-565-9100.

Vox2DataInc. of Beverly Hills, Calif., has filed to raise $2.2 million througha private offering of 7% convertible preferred stock. A minimum investment of$10,000 is required on the placement. The developer of a proprietary medicalrecord system intends to use the proceeds from the offering for salaries and fees,machinery and equipment, working capital and various product developmentrelated expenses. For more information, call Joseph Torkan, chairman, at310-888-8026.

XoomCorp. of San Francisco raised $545,600 from four accredited investorsthrough a private offering of common and Series A preferred stock. Thetechnology company intends to use the proceeds from the offering for workingcapital. For more information, call Kevin Hartz, CEO, at415-621-4926.

InteGreatConcepts Inc. of Phoenix raised $2 million from 16 accredited and 14non-accredited investors through a private offering of common stock. Thedeveloper of electronic medical record software intends to use the proceedsfrom the offering for salaries, fees, debt repayment and working capital. For moreinformation, call Gerald Mullarkey, CFO, at 602-952- 2220.

DigiSliceCorp. of West Linn., Ore., has field to raise $200,000 through aprivate offering of convertible promissory note through a second round ofbridge financing. At the time of its SEC filing, the company had already raised$25,000 from one accredited investor. A minimum investment of $25,000 isrequired on the placement. The technology company intends to use some proceedsfrom the offering for working capital. For more information, call JooneesChay, CEO, at 503-226-4960.

SonusPharmaceuticals Inc.(Nasdaq: SNUS) of Bothell, Wash., raised $14.2 million from 30accredited investors through a private placement of common stock with warrants.Punk, Ziegel and Co. of New York helped to place an issue for $960,976 in salescommissions. The pharmaceutical company intends to use the proceeds from theoffering for working capital. For more information, call Richard Klein, CFO, at425-487-9500.

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