Regional Round Up – South

DrMag.com Inc. of Blacksburg, Va., is raising $2.932 million through a private placement of Series C preferred stock and warrants. The Internet-based magazine subscription service intends to use the proceeds from the offering for working capital.

Knowlagent Inc. of Alpharetta, Ga., raised $3.599 million from six investors through a private placement of preferred stock. A minimum investment of $19,950 was required. The provider of training software services intends to use proceeds from the investment for working capital, to pay salaries and to repay debt.

e Corp. of Lexington, Ky., raised $2.451 million from two investors through a private placement of Series participating preferred stock. A minimum investment of $1 million was required. The software and Web developer intends to use the proceeds from the investment to pay salaries and fees, acquire equipment, repay debt and for working capital.

Elogex Inc. of Charlotte, N.C., raised $1.05 million from 25 investors through a private placement of Series A convertible preferred stock. The provider of an Internet exchange marketplace for online transportation and general logistics services intends to use the proceeds from the investment to pay salaries and fees and for working capital.