Regional Round Up – East

TruckitNow.com Inc. of Cambridge, Mass., is raising $5 million through a private placement of Series A convertible preferred stock. The transportation Internet exchange intends to use the proceeds from the offering for working capital.

eMediaMillWorks Inc. of Boston is raising $2 million through a private placement of Series C preferred stock. A minimum investment of $1,000 is required. The company, which creates, delivers, retrieves, publishes and licenses documents, publications and other materials, intends to use the proceeds from the offering for working capital.

Internet Venture Works Inc. of Boston raised $6 million from two investors through a private placement of Series A convertible preferred stock. The company, which assists other companies in developing e-commerce, intends to use the proceeds from the investment for working capital.

Wall Street Rarities Group Inc. of New York raised $4.5 million from three investors through a private placement of preferred stock. A minimum investment of $500,000 was required. The retailer of rare coins, paper money and other collectibles intends to use the proceeds from the investment for working capital.

Broadcastmusic.com Inc. of New York raised $1.361 million from eight investors through a private placement of common stock. The Internet broadcasting company intends to use the proceeds from the investment for working capital and to repay debt and pay salaries and fees.

creditex Inc. of New York raised $2.885 million from 24 investors through a private placement of Series A preferred stock. A minimum investment of $10,000 was required. The provider of online services for the trading of credit derivatives intends to use the proceeds for working capital.

Persimmon Research Partners Inc. of Plymouth Meeting, Pa., raised $2.55 million from 22 investors through a private placement of Class A convertible preferred stock. A minimum investment of $50,000 was required. The company, which provides an Internet site aimed at the fee-based investment consulting industry, intends to use the proceeds from the investment for working capital.

Restaurant.com Inc. of New York raised $2 million from one investor through a private placement of preferred stock. The online restaurant directory company intends to use the proceeds from the investment for working capital, to repay debt and for Web site development.

Survival Network Inc. of Rosemont, Pa., raised $1 million from four investors through a private placement of equity interests. A minimum investment of $25,000 was required. The developer of Internet Web pages intends to use the proceeds from the investment for working capital.

Molecular Geodesics Inc. of Boston raised $1 million from seven investors through a private placement of Series B preferred stock. A minimum investment of $25,000 was required. The bio-materials products developer intends to use the proceeds from the investment for working capital.