East
ASM Scientific Inc. of Cambridge, Mass., raised $714,850 from three accredited and four non-accredited investors. The developer of scientific instrumentation for the biotechnology industry intends to use the proceeds from the offering for working capital. For more information, call Catherine Balliet Stemple, president, at 617-441-3001.
eCredit.com Inc. of Dedham, Mass., raised $500,000 from one accredited investor through a convertible note offering. The company, which delivers credit risk management software and services for Fortune 1000 companies and financial institutions, intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Charles Schmidt, vice president, at 781-752-1200.
Deus Technologies LLC of Rockville, Md., has filed to raise $2.1 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $750,000 from two accredited investors. The provider of advanced image processing for medical diagnostic applications intends to use the proceeds from the offering for medical diagnostic applications. For more information, call Michael Yeh, president and chief executive officer, at 301-762-4442.
Protea Biosciences Inc. of Frederick, Md., has filed to raise $3 million through a sale of common, preferred stock and convertible securities. At the time of its SEC filing, the company had already raised $100,000 from one accredited investor. The biotech company intends to use the proceeds from the offering for working capital. For more information, call Stephen Turner, president, at 301-662-6959.
Sucampo Pharmacueticals Inc. of Bethesda, Md., raised $4.5 million from three accredited investors through a Series A preferred stock round of financing. The company, engaged in research and development of pharmaceuticals related to ophthalmic and liver diseases and bowel dysfunctions, intends to use the proceeds from the offering for working capital. For more information, call Ryuji Ueno, chairman and chief executive officer, at 301-961-3400.
Gentris Corp. of Morrisville, N.C. has filed to raise $1 million through an offering of convertible promissory notes and warrants. At the time of its SEC filing, the company had already raised $410,000 from 14 accredited investors. The company, engaged in the development of pharmacogenomic products, intends to use the proceeds from the offering for working capital. For more information, call Michael Murphy, executive officer, at 919-465-0100.
Access Bio Inc. of North Brunswick, N.J., raised $372,000 from 19 non-accredited investors through an offering of common stock. The company, which develops, manufacturers and sells In-Vitro Diagnostics Tests, intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment and working capital. For more information, call Young Ho Choi, president, at 732-246-7400.
Salvage Direct Inc. of Titusville, Pa., raised $1.1 million from seven accredited investors through a Series B preferred stock round of financing. The provider of the Internet-based automobile salvage business intends to use the proceeds from the offering for working capital. For more information, call Robert Joyce, president, at 814-827-0300.
Prime Photonics LC of Blacksburg, Va., has filed to raise $4.5 million through a common stock offering. At the time of its SEC filing, the company had already raised $2.5 million from one accredited investor. The company, involved in research and development and commercialization of photonic sensors and instrumentation for harsh environments, intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, working capital, materials and travel. For more information, call Joseph Swider, chief executive officer, at 540-961-2200.
Eating Well Inc. of Charlotte, Vt., has filed to raise $500,000 through an offering of Series A preferred stock. At the time of its SEC filing, the company had already raised $300,000 from four accredited investors. A minimum investment of $36,000 is required on the placement. The magazine publisher intends to use the proceeds from the offering for working capital. For more information, call James Lawrence, president, at 802-425-5700.
Juno Rising Inc. of Colchester, Vt., raised $300,000 from one accredited investor through a sale of Series A participating preferred stock. The clothing manufacturer intends to use the proceeds from the offering for working capital. For more information, call Carolyn Cooke, president, at 802-862-3351.
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South
GuardedNet Inc. of Atlanta raised $500,000 from three accredited investors through a sale of convertible notes. Raymond Moss of Atlanta acted as the agent on the placement for $9,250 in sales commission. The developer of security software solutions intends to use the proceeds from the offering for working capital. For more information, call Iven Connary, treasurer, at 404-591-8200.
Orazi Software Inc. of Atlanta has filed to raise $500,000 through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $337,500 from 13 accredited investors. The developer of groupware software technologies and products intends to use some proceeds from the offering for working capital. For more information, call Nicholas Kavadellas, president and chief executive officer, at 770-924-9356.
All Saints Surgery Center Inc. of Spring Hill, Fla., has filed to raise $1.8 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $160,000 from one accredited investor. The company, which manages and operates an ambulatory surgical center intends to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, debt repayment, working capital and purchase additional limited partnership interests in Medical Center Surgery Associates Inc. For more information, call Walter Szydlowski, president, at 352-597-3060.
Barrier Med Inc. of Lake Mary, Fla., has filed to raise $1 million through an offering of double convertible notes. At the time of its SEC filing, the company had already raised $31,000 from two accredited investors. A minimum investment of $1,000 is required on the placement. The provider of medical devices intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Victor Ragucci, chairman and chief executive officer, at 407-323-1604.
Spatial Communications Technologies Inc. of Richardson, Texas has filed to raise $15 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.3 million from 15 accredited investors. The company, engaged in wireless communications, intends to use the proceeds from the offering for working capital. For more information, call Kjell Andersson, president and chief executive officer, at 972-437-6250.
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Midwest
AlivePromo Inc. of Minneapolis has filed to raise $1 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $10,000 from one accredited investor. The minimum investment of $10,000 required on the placement can be waived. The provider of user-friendly and affordable dynamic in-store signage to retailers, restaurants, banks and other consumer locations, aiming to improve the effectiveness of in-store promotions intends to use the proceeds from the offering for working capital. For more information, call Christopher Gondeck, chief financial officer, at 763-392-3877.
MedNet Solutions Inc. of Minnetonka, Minn., has filed to raise $750,000 through a common stock offering. At the time of its SEC filing, the company had already raised $216,500 from 11 accredited investors. A minimum investment of $10,000 is required on the placement. NDX Trading Inc. of Minneapolis is acting as the agent on the placement for $7,545 in sales commission. The company, engaged in Internet-based post market studies and data registries for the medical device, pharmaceutical, biotechnology and other medical industries, intends to use the proceeds from the offering for working capital, redundant systems, product development and marketing and implementation staff. For more information, call John Robertson, president, at 763-258-2735.
Potbelly Corp. of Chicago has filed to raise $17.4 million through a preferred stock round of financing. At the time of its SEC filing, the company had already raised $16.9 million from 14 accredited investors. The company, engaged in the business related to quick service sandwich restaurants, intends to use the proceeds from the offering for working capital. For more information, call David Fisher, chief financial officer, at 312-951-0600.
Special Product Company Holding Corp. of Overland Park, Kan., raised $850,000 from six accredited investors through the sale of common and preferred stock. A minimum investment of $1,000 was required on the placement. The provider of telecom equipment intends to use the proceeds from the offering for debt repayment and working capital. For more information, call James Needham, president, at 913-491-8088.
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West
Biocept Inc. of Carlsbad, Calif., raised $2 million from eight accredited investors through a Series E preferred stock round of financing. The biopharmaceuticals company intends to use the proceeds from the offering for working capital. For more information, call Soonkap Hahn, chief executive officer, at 760-804-9580.
Clicksafety.com Inc. of Alamo, Calif., has filed to raise $3.9 million through an offering of common stock, Series A preferred stock, options and warrants. At the time of its SEC filing, the company had already raised $3.8 million from 26 accredited and 24 non-accredited investors. The company, engaged in the business related to the online construction safety instruction, intends to use the proceeds from the offering for working capital. For more information, call Tom Banta, president and chief executive officer, at 925-855-7233.
Epic Cycle Interactive Inc. of San Diego has filed to raise $900,000 through a common stock offering. The software developer plans to use the proceeds from the offering for acquiring of assets. For more information, call James Fitzgerald, president, at 619-955-5000.
HCORP Inc. of Pleasanton, Calif., has filed to raise $10.5 million through a sale of convertible promissory notes and warrants to purchase preferred stock. At the time of its SEC filing, the company had already raised $2.8 million from 13 accredited investors. The provider of Internet and Intranet-based education, e-health and entertainment services for hospital patients and medical providers via interactive television intends to use the proceeds from the offering for working capital. For more information, call Ronald Eastman, executive officer, at 925-249-6000.
LuxN Inc. of Sunnyvale, Calif., raised $34.6 million from 26 accredited investors through a Series A-1 preferred stock round of financing. The developer of optical networking access platforms intends to use the proceeds from the offering for working capital. For more information, call Thomas Alexander, executive officer, at 408-328-4500.
MegaSense Inc. of Sunnyvale, Calif., raised $10 million from two accredited investors through a Series B preferred stock round of financing. The company, engaged in manufacturing of photonics components and subsystems related to telecommunications infrastructure, intends to use the proceeds from the offering for working capital. For more information, call Vladimir Vaganov, chairman and chief executive officer, at 408-400-9700.
Resilience Corp. of Mountain View, Calif., has filed to raise $3.8 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $3 million from four accredited investors. The provider of network security appliances intends to use some proceeds from the offering for working capital. For more information, call Michael Maulick, president and chief executive officer, at 650-230-2200.
RTV Media Inc. of Santa Monica, Calif., has filed to raise $750,000 through a common stock offering. At the time of its SEC filing, the company had already raised $437,500 from seven accredited investors. A minimum investment of $62,500 is required on the placement. The media company intends to use the proceeds from the offering for working capital. For more information, call Blake Mycoskie, chief financial officer, at 818-526-1268.
Securimetrics Inc. of Martinez, Calif., raised $980,000 from seven accredited investors through an offering of convertible promissory notes and warrants to purchase Series A preferred stock. The software developer intends to use the proceeds from the offering for working capital and general corporate purposes. For more information, call James Barringer, executive officer, at 800-557-5549.
SIPEX Corp. of Milpitas, Calif., raised $14.7 million from one accredited investor through an offering of 5.75% convertible secured note and warrant financing. The company, which designs, manufactures and markets analog integrated circuits for wired and wireless data communications hardware, networking and telecommunications equipment and handheld internet appliances, intends to use the proceeds from the offering for working capital. For more information, call Frank DiPietro, chief financial officer, at 408-934-7500.
The New Internet Computer Co. of Palo Alto, Calif., raised $2 million from 12 accredited investors through a Series A-1 preferred stock round of financing. The company, which sells computers, designed exclusively for email and Internet access, intends to use the proceeds from the offering for working capital. For more information, call Peter Clark, chief executive officer, at 650-213-4110.
The Walking Company of Chatsworth, Calif., has filed to raise $2.8 million through a private placement of convertible promissory notes and supplemental warrants to purchase common stock. At the time of its SEC filing, the company had already raised $2.1 million from five accredited investors. The retail and wholesale distributor of footwear intends to use some proceeds from the offering for working capital. For more information, call Dan Zuckerman, vice president, at 818-709-2200.
Echospace Inc. of Lynnwood, Wash., has filed to raise $1.2 million through a sale of Series B preferred stock. At the time of its SEC filing, the company had already raised $60,000 from one accredited investor. The web applications developer intends to use the proceeds from the offering for salaries and fees and working capital. For more information, call A. Edward Mohebi, president and chief executive officer, at 425-697-4991.
Attensity Corp. of Salt Lake City has filed to raise $4.3 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.4 million from 22 accredited investors. The developer of the enterprise software solutions intends to use the proceeds from the offering for working capital. For more information, call Todd Wakefield, president, at 801-532-1125.
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