regional 9_22_03

East

Ellacoya Networks Inc. of Merrimack, N.H., raised $29.7 million from 38 accredited investors in a Series B convertible preferred stock round of financing. The developer of software and hardware for Internet switching devices plans to use the proceeds from the offering for debt repayment and working capital. For more information, call Ron Sege, executive officer, at 603-577-5544.

Context Media Inc. of Providence, R.I., has filed to raise $1.2 million through a private offering of convertible promissory notes and common stock warrants. At the time of its SEC filing, the company had already raised $1.1 million from six accredited investors. The company, which provides media organizations with applications and services to create, manage, and distribute rich media content, plans to use proceeds from the offering for working capital. For more information, call Bruce Hathaway, CFO, at 401-854-3400.

SemEquip Inc. of Billerica, Mass., raised $1 million from 10 accredited investors through a Series D convertible preferred stock round of financing. A minimum investment of $25,000 was required on the placement. The developer of ion implantation equipment for the semiconductor industry intends to use the proceeds from the offering for development of prototype. For more information, call Melvin Katten, director, at 972-262-0911.

Infonxx Inc. of Bethlehem, Pa., has filed to raise $10 million through a Series E preferred stock round of financing. At the time of its SEC filing, the company had already raised $9.5 million from 36 accredited investors. The developer of monitoring devices for cardiac events intends to use some proceeds from the offering for working capital. For more information, call David Freedman, executive vice president, at 610-997-1000.

Innovate Software Inc. of Pittsburgh raised $380,007 from one accredited investor through a Series B cumulative convertible preferred stock round of financing. The company, engaged in software products for electronic commerce, plans to use proceeds from the offering for working capital. For more information, call William Claire, president, at 412-681-7090.

Lexia Learning Systems Inc. of Lincoln, Mass., has field to raise $408,856 through a private offering of common stock. At the time of its SEC filing, the company had already raised $176,490 from nine accredited investors. The educational software developer intends to use the proceeds from the offering for working capital. For more information, call Jonathan Bower, CEO, at 781-259-8752.

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South

VuCOMP Inc. of Frisco, Texas, raised $145,000 from two accredited investors through a private offering of common stock. The provider of computer-aided detection systems intends to use the proceeds from the offering for working capital. For more information, call Jeffrey Wehnes, CEO, at 214-618-0788.

VisionFlow Inc. of Austin, Texas, 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 $500,000 from one accredited investor. A minimum investment of $500,000 is required on the placement. The developer of networked media solutions for emerging markets intends to use the proceeds from the offering for working capital. For more information, call John Yuan, CEO, at 512-502-0073.

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Midwest

MIDWESTUnlimited Scale Inc. of Eagan, Minn., raised $4.3 million from eight accredited investors through a private placement of Class B convertible participating voting preferred stock with warrants. The software developer intends to use the proceeds from the offering for working capital. For more information, call William Coleman III, CEO, at 651-554-0171.

Stratasys Inc. of Eden Prairie, Minn., raised $31.2 million from two accredited investors through a private offering of common stock with warrants. Merriman Curhan Ford & Co. of San Francisco helped to place an issue for $1.7 million in findersí fees. The company, engaged in the business related to rapid-prototyping and three-dimensional printing machines, intends to use the proceeds from the offering for working capital. For more information, call S. Scott Crump, CEO, at 952-937-3000.

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West

Adspace Networks Inc. of Burlingame, Calif., has filed to raise $25 million through a Series C preferred stock round of financing. At the time of its filing, the company had already raised $18.2 million from 10 accredited investors. The multimedia advertising services provider intends to use the proceeds from the offering for working capital. For more information, call Karen Katz, executive officer, at 650-231-0120.

B4Utrade.com Corp. of San Francisco has filed to raised $1 million through a private offering of Series D preferred stock with warrants. The online provider of financial information intends to use the proceeds from the offering for working capital. For more information, call Keith Savitz, CEO, at 415-344-0246.

Calcitec Inc. of Saratoga, Calif., raised $960,000 from 11 accredited investors through a private placement of subordinated convertible note and warrants. The biotech company intends to use the proceeds from the offering for working capital. For more information, call Roger Lipton, executive officer, at 408-868-9440.

Cardima Inc. of Fremont, Calif., raised $11.2 million from 34 accredited investors through a private placement of common stock with warrants. CDC Securities of New York, J.P. Carey Securities Inc. of Atlanta and HPC Capital Management of Roswell, Ga., acted as placement agents. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Barry Michaels, interim CFO, at 510-354-0300.

Collabrys Inc. of South San Francisco has filed to raise $2 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.5 million from 25 accredited investors. The software developer plans to use the proceeds from the offering for working capital. For more information, call Benjamin Wayne, executive officer, at 650-583-8552.

DayStar Technologies Inc. of Grass Valley, Calif., raised $600,000 from seven accredited investors through a private placement of common stock with warrants. Mark Waller acted as an agent on the placement for $30,000 in sales commissions. The company, engaged in the business related to alternative renewable energy products and processes, intends to use the proceeds from the offering for working capital. For more information, call John Tuttle, president, at 530-271-5557.

EMN8 Inc. of San Diego raised $2.3 million from nine accredited investors through a Series B convertible preferred stock round of financing. A minimum investment of $70,000 was required. The developer of customer activated ordering devices intends to use the proceeds from the offering for working capital. For more information, call Paul Monahan, president, at 858-784-0549.

Endoscopic Technologies Inc. of Danville, Calif., has filed to raise $4.2 million through a Series B convertible preferred stock round of financing. At the time of its filing, the company had already raised $3.4 million from two accredited investors. Waveland Securities LLC of Irvine, Calif., RTX Securities and SF Sentry, both of San Francisco, and Grayson and Associates of Denver, Colo., are acting as agents on the placement for $83,000 in sales commissions. The medical device company plans to use proceeds for working capital. For more information, call Arthur Bertolero, president, at 925-648-3500.

Infinisim Inc. of Belmont, Calif., raised $133,333 from one accredited investor through a private offering of Series A preferred stock. The semiconductor company plans to use proceeds from the offering for working capital. For more information, call Samia Rashid, president, at 650-413-5801.

InTime Software Inc. of Cupertino, Calif., raised $1.5 million from nine accredited investors through a private offering. The software developer intends to use the proceeds from the offering for working capital. For more information, call Robert Smith, president, at 408-565-0111.

Kadmus Pharmaceuticals Inc. of Irvine, Calif., raised $1.8 million from eight accredited investors through a private placement of convertible promissory note and common stock warrants. The company, engaged in pharmaceutical research and development, intends to use the proceeds from the offering for working capital. For more information, call Patrick Walsh, president, at 949-725-3700.

Luminescent Technologies Inc. of Palo Alto, Calif., has filed to raise $4.5 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $4.2 million from three accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Daniel Abrams, CEO, at 267-295-2776.

Noosh Inc. of Santa Clara, Calif., raised $5.1 million from 19 accredited investors through a Series A-1 preferred stock round of financing. The provider of online marketing services for the printing industry intends to use the proceeds from the offering for working capital. For more information, call Mike Gardner, executive officer, at 408-617-6000.

Novacal Pharmaceuticals Inc. of Emeryville, Calif., has filed to raise $5.4 million through a Series B1 and B2 preferred stock round of financing. The developer of pharmaceutical products intends to use the proceeds from the offering for working capital. For more information, call Ron Najafi, president, at 510-595-1100.

NovaCardia Inc. of San Diego raised $22 million from 10 accredited investors through a private placement. A minimum investment of $43,474 was required on the placement. The biopharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Kenneth Widder, executive officer, at 858-350-7950.

SightSpeed Inc. of Berkeley, Calif., raised $700,000 from five accredited investors through a Series A-1 preferred stock round of financing. The company, engaged in the business related to Internet video communications technology, intends to use the proceeds from the offering for working capital. For more information, call Bradley Treat, president, at 510-665-0353.

SiWave Inc. of Arcadia, Calif., has filed to raise $3 million through a Series A-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $1 million from seven accredited investors. The developer and manufacturer of telecommunications optical switch assemblies intends to use the proceeds from the offering for working capital. For more information, call Tony Tang, executive officer, at 888-868-8902.

Market Wire Inc. of Los Angeles has filed to raise $3.6 million through a Series D preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.4 million from five accredited investors. The company, engaged in the Web-based press release distribution, intends to use the proceeds from the offering for working capital. For more information, call James McGovern, CEO, at 800-774-9473.

Storactive Inc. of Marina del Rey, Calif., has filed to raise $4.5 million through a Series II preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.6 million from three accredited investors. The storage software developer intends to use the proceeds from the offering for working capital. For more information, call Anthony Bautista, president, at 310-437-6504.

Striva Corp. of Scotts Valley, Calif., raised $12.7 million from five accredited and one non-accredited investors through a Series B preferred stock round of financing. A minimum investment of $6,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Paul Bach, president, at 866-438-8300.

Trigo Technologies Inc. of Brisbane, Calif., raised $12 million from 20 accredited investors through a Series C preferred stock round of financing. The provider of Internet based transaction management intends to use the proceeds from the offering for working capital. For more information, call Mark Medearis, executive officer, at 650-827-0500.

F4 Technologies Inc. of Superior, Colo., raised $3.5 million from 13 accredited investors through a Series A-1 preferred stock round of financing. A minimum investment of $7,000 was required on the placement. The company, specializing in software project lifecycle management, plans to use the proceeds from the offering for working capital. For more information, call Ryan Martens, president, at 303-642-4051.

Invizeon Corp. of Missoula, Mont., 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 $2 million from one accredited investor. A minimum investment of $20,000 is required on the placement. The health care technology company plans to use the proceeds from the offering for debt repayment, working capital and software acquisitions. For more information, call David Todd, CEO, at 406-543-4059.

Innosys Inc. of Salt Lake City raised $855,000 from 16 accredited investors through a Series A preferred stock round of financing. A minimum investment of $20,000 was required on the placement. The wireless telecom company intends to use the proceeds from the offering for working capital. For more information, call Laurence Sadwick, executive officer, at 801-975-7399.

Ceptyr Inc. of Bothell, Wash., has filed to raise $30 million through a Series D convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $20 million from six accredited investors. Cascadia Capital LLC of Seattle is acting as an agent on the placement. The biotech R&D company intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Gerald McGuire, executive officer, at 425-806-1600.

TeleSym Inc. of Bellevue, Wash., has filed to raise $13.8 million through a private offering of Series B preferred stock and common stock warrants. At the time of its SEC filing, the company had already raised $13.2 million from 10 accredited investors, $3.6 million of the offering accounts for conversion of principal and accrued interest from a certain convertible promissory note. The wireless telecom company intends to use the proceeds from the offering for working capital. For more information, call Raju Gulabani, president, at 425-376-2988.

IP Fabrics Inc. of Beaverton, Ore., has filed to raise $3 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.5 million from five accredited investors. The provider of flexible programmable Internet protocol processing subsystems intends to use the proceeds from the offering for working capital. For more information, call Christopher Jasper, vice president, at 503-444-2400.

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