East
eCredibleSolution Inc. of Washington, D.C., is raising just over $7.9 million through a private placement of common stock. There is a minimum investment of $1,000 required on the placement. At the time of its SEC filing, the company had already raised $502,050 from eight accredited and 10 non-accredited investors. The provider of Web and wireless solutions for state and local governments and government contractors intends to use the proceeds from the offering for working capital, product development, administration, sales and marketing, public relations and consultants.
PDS Associates Inc. of Danbury, Conn., is raising $3.75 million through a private placement of preferred stock. There is a minimum investment of $500,000 required. At the time of its SEC filing, the company had already raised approximately $1 million from four accredited investors. The operator of a specialty retailer of high-end fixtures, ceramic tiles and accessories for the bathroom intends to use the proceeds from the offering for working capital.
Verilaw Technologies Inc. of Paoli, Pa., is raising $2.5 million through a private placement of Series A preferred stock. At the time of its SEC filing, the company had already raised just over $1.84 million from 18 accredited investors. The electronic and Internet-based filing system intends to use the proceeds from the offering for working capital.
Telkonet Inc. of Annapolis, Md., is raising $2.5 million through a private placement of common stock. There is a minimum investment of $5,000 required. Attkisson, Carter & Co. of Atlanta is acting as the agent on the placement for a sales commission of $250,000. At the time of its SEC filing, the company had already raised just over $850,000 from 18 accredited investors. The holding company, which operates an emerging telecommunications business through its operating subsidiary Telkonet Communications, intends to use the proceeds from the offering for working capital and development of the company’s technologies.
Taensa Inc. of Fairfield, Conn., is raising $2 million through a private placement of Series D convertible preferred stock. There is a minimum investment of $25,000 required. Gemini Financial Corp. of New York is acting as the agent on the placement for a sales commission of $140,000. At the time of its SEC filing, the company had already raised just over $110,000 from four accredited investors. The company, which is engaged in the business of commercialization of biopesticides and other low-risk pesticides, intends to use the proceeds from the offering for working capital, product development, general and administrative expenses, sales, marketing and inventory.
VisEn Medical Inc. of Iselin, N.J., is raising just about $2 million through an issuance and sale of Series A convertible preferred stock including common stock warrants. There is a minimum investment of $5,000 required on the placement. At the time of its SEC filing, the company had already raised just over $1.56 million from 11 accredited investors. The developer of biomedical technology intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, and working capital.
Priorityaccess Inc. of Albany, N.Y., is raising $1.5 million through a private placement of common stock. There is a minimum investment of $150,000 required on the placement. At the time of its SEC filing, the company had already raised just over $759,000 from 26 accredited and 11 non-accredited investors. The provider of marketing services for equity investments in early-stage companies intends to use the proceeds from the offering for working capital and the construction or leasing of plant buildings and facilities.
CompAs Controls Inc. of Indiana, Pa., is raising $1.07 million through a private placement of preferred stock. There is no minimum investment required on the placement. The developer and seller of thermal process control software intends to use a majority of the proceeds from the offering for repayment of indebtedness, working capital, salaries and fees, and the purchase, rental or leasing and installation of machinery and equipment.
Cetek Corp. of Framingham, Mass., raised just about $14 million from 14 accredited investors through a private placement of common stock. There was a minimum investment of $100,000 required on the placement. The screener of compounds for use in new drug discovery intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, salaries, fees and working capital.
CyberShift Holding Inc. of Parsippany, N.J., raised just about $5 million from four accredited investors through a private placement of Series A preferred stock. There was a minimum investment of $100,000 required on the placement. The seller and implementer of computer software and hardware programs for workforce management intends to use the proceeds from the offering for working capital.
Sharemedia Inc. of Rockville, Md., raised just about $3.45 million from six accredited investors through common stock and Series A preferred stock financing. There was no minimum investment required on the placement. The company intends to use the proceeds from the offering for working capital.
AINS Inc. of Rockville, Md., raised $2 million from two accredited investors through a private placement of common stock and convertible securities, including warrants. There was a minimum investment of $2 million required on the placement. The designer, implementer and supporter of information network systems intend to use the proceeds from the offering for working capital.
Cross Media Marketing Corp. of New York raised just over $1.05 million from four accredited investors through common stock financing. There was no minimum investment required on the placement. The direct marketer of multi-magazine subscription packages, discount buying club memberships and telecommunication services intends to use the proceeds from the offering for working capital.
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South
FizzyFruit North America Inc. of Galveston, Texas, is raising $5 million through an issuance of Series B convertible preferred stock. There is a minimum investment of $10,000 required on the placement. The company, which is engaged in the carbonation of whole, fresh fruit, intends to use the proceeds from the offering for working capital, repayment of indebtedness, marketing of patent licenses, design of specialized packaging, and design of carbonation appliances.
Boxx Technologies Inc. of Austin is raising just over $4.2 million through a private placement of Series B preferred stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just over $3.01 million from 13 accredited investors. The manufacturer of computer hardware intends to use the proceeds from the offering for working capital.
Sterling Beverage Systems Inc. of Newman, Ga., is raising $3 million through a private placement of common stock. A minimum investment of $1,000 is required on the placement. At the time of its SEC filing, the company had already raised just about $2,001 from one accredited investor. The developer and marketer of a post-mix beverage-dispensing system for use aboard commercial aircraft intends to use the proceeds from the offering for working capital.
Q-PC Inc. of Austin is raising just about $2.6 million through an issuance and sale of common stock. A minimum investment is not required. Richard S. Willis of Decatur, Ga., is acting as the agent on the placement for a finder’s fee of $52,000. At the time of its SEC filing, the company had already raised just about $50,000 from one accredited investor. The developer and marketer of vehicle computing solutions, integrated systems, engineering and related services, intends to use the proceeds from the offering for working capital.
OmniComm Systems Inc. of Miami is raising $2 million through a private placement of Series B convertible preferred stock. A minimum investment of $50,000 is required. Commonwealth Associates LP of New York is acting as the agent on the placement for fees of $200,000. At the time of its SEC filing, the company had already raised just about $1.5 million from four accredited investors. The provider of software and database products that integrate significant components of the clinical trial process intends to use the proceeds from the offering for working capital.
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Midwest
BioErgonomics Inc. of St. Paul, Minn., is raising $4 million through a private placement of common stock. There is a minimum investment of $30,000 required on the placement. Dougherty & Company LLC of Minneapolis is acting as the agent on the placement for an undisclosed sales commission. At the time of its SEC filing, the company had already raised just about $600,000 from 18 accredited investors. The developer and manufacturer of whole blood controls, cellular controls and other products intends to use the proceeds from the offering for research and development of new and existing product lines, as well as working capital.
nQuire Software Inc. of Lisle, Ill., is raising $3.1 million through a private placement of convertible securities including warrants. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised approximately $2.98 million from 16 accredited investors. The computer software development company intends to use the proceeds from the offering for working capital.
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West
Magna Drive Corp. of Phoenix is raising just over $15 million through a private placement of Series A convertible preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $5.95 million from 45 accredited investors. Cascadia Capital LLC of Seattle is acting as the agent on the placement for an undisclosed sales commission. The provider of the commercialization of magnetic drive technology intends to use the proceeds from the offering for the repayment of indebtedness.
MBA Polymers Inc. of Richmond, Calif., is raising just over $15 million through a private placement of Series B preferred stock and warrants. A minimum investment of $125,000 is required on the placement. At the time of its SEC filing, the company had already raised $8.1 million from 51 accredited investors. The issuer, which is engaged in complex recycling and plastic recovery, intends to use the proceeds from the offering for working capital.
Iridigm Display Corp. of San Francisco, Calif., is raising $14.4 million through a private placement of Series A preferred stock and warrants. At the time of its SEC filing, the company had already raised just about $6.92 million from seven accredited investors. The developer of display technology intends to use the proceeds from the offering for working capital.
Woodside Networks Inc. of Redwood City, Calif., is raising just about $8.6 million through Series A preferred stock financing. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $8.15 million from 17 accredited investors. The provider of enabling technology for wireless enterprise solutions intends to use the proceeds from the offering for working capital.
Oberon Financial Technology of Santa Monica, Calif., is raising just about $6.5 million through a private placement of preferred stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $5.58 million from 12 accredited investors. The application service provider for money managers to scale their businesses intends to use the proceeds from the offering for working capital.
Paradigm Medical Industries Inc. of Salt Lake City is raising $5 million. A minimum investment of $20,000 is required on the placement. At the time of its SEC filing, the company had already raised just about $1.67 million from 19 accredited investors. The developer, manufacturer and seller of diagnostic and surgical equipment for the eyes intends to use the proceeds from the offering for working capital and general corporate purposes.
Target Discovery Inc. of San Carlos, Calif., is raising just over $3.5 million through a Series A-2 preferred stock offering. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $1.56 million from 16 accredited investors. The life sciences research and development firm intends to use proceeds from the offering for working capital.
Vantum Corp. of Palo Alto, Calif., is raising approximately $3.5 million through a private placement of Series A-1 and A-2 preferred stock and common stock issuable upon conversion. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $1.22 million from six accredited investors. The designer of systems that make it easy for people to communicate using high-quality video and audio over computer networks intends to use the proceeds from the offering for working capital.
Primecyte Inc. of Seattle is raising $3 million through Series D preferred stock financing. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $461,358 from 14 accredited investors. The drug discovery and research firm intends to use proceeds from the offering for working capital.
e-dn.com of Aliso Viejo, Calif., is raising just about $1.86 million through Series C preferred stock financing. Bathgate McColley Capital Group of Englewood, Colo., is acting as the agent on the placement for a sales commission of $15,000. At the time of its SEC filing, the company had already raised just over $1.44 million from 19 accredited investors. The developer of software products intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
TAM Acquisition Corp. of San Francisco is raising $1.5 million through a Series A convertible preferred stock offering. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $600,000 from two accredited investors. The provider of fully customized end-to-end e-learning solutions to help organizations maintain their training needs and improve employee development, productivity and retention intends to use proceeds from the offering for working capital.
Emergency Notification Systems Inc. of Los Angeles is raising just over $1 million through a private placement of common stock including warrants to purchase common stock. There is a minimum investment of $5,000 required on the placement. At the time of its SEC filing, the company had already raised just over $120,000 from seven accredited investors. The provider of emergency medical information intends to use proceeds from the offering for working capital.
Hetron Inc. of Reno, Nev., is raising $1 million through a private placement of Series A preferred stock. A minimum investment of $25,000 is required on the placement. At the time of its SEC filing, the company had already raised just over $350,000 from six accredited investors. The researcher, manufacturer and seller of sensors that are capable of precise and reliable measurement of temperature and other sources of energy intends to use proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, working capital and repayment of indebtedness.
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