East
Vis-En Medical Inc. of Iselin, N.J., is raising $2 million through an issuance and sale of Series A convertible preferred stock including common stock warrants. There was a minimum investment of $5,000 required on the placement. At the time of its SEC filing, the company had already raised $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.
Priority Access Inc. of Albany, N.Y., is raising $1.5 million through a private placement of common stock. There was a minimum investment of $150,000 required on the placement. At the time of its SEC filing, the company had already raised 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.
Comp As Controls Inc. of Indiana, Pa., is raising just about $1 million through a private placement of preferred stock. The developer and seller of thermal process control software intends to use the proceeds from the offering for repayment of indebtedness, working capital, salaries and fees, purchase, rental or leasing and installation of machinery and equipment.
Cetek Corp. of Framingham, Mass., raised 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 and fees, and working capital.
Trading Screen Inc. of New York raised $5.5 million from two accredited investors through a private placement of Series B convertible preferred stock. The Internet-based system for electronic trading, distribution and clearing of securities and other financial products and related financial services, including risk management and portfolio analysis, intends to use the proceeds from the offering for working capital.
Cyber Shift 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 intend to use the proceeds from the offering for working capital.
WebLoyalty.com Inc. of Norwalk, Conn., raised just over $5 million from eight accredited investors through the issuance and sale of Series D preferred stock. There is no minimum investment required on the placement. The marketer of products and services via the Internet intends to use the proceeds from the offering for working capital.
Hilliard Farber & Co. Inc. of New York raised $4 million from two accredited investors through an issuance and sale of Series B redeemable convertible preferred stock including common stock warrants. There was a minimum investment of $5,000 required on the placement. The inter-dealer/broker intends to use the proceeds from the offering for working capital.
Advanced Digital Internet Inc. of New York raised $3.75 million from 11 accredited investors through a private placement of preferred stock. The Internet provider intends to use proceeds from the offering for working capital.
Sharemedia Inc. of Rockville, Md., raised $3.45 million from six accredited investors through common stock and Series A preferred stock financing. The company intends to use the proceeds from the offering for working capital.
OTG Software Inc. of Rockville, Md., raised $1.47 million from four accredited and 12 non-accredited investors through a private placement of common stock. The provider of online data storage management intends to use the proceeds from the offering for working capital.
Chronotime Inc. of Livingston, N.J., raised $1 million from one accredited investor through a Series A preferred stock purchase agreement. There was a minimum investment of $1 million required on the placement. The marketer and seller of timepieces intend to use the proceeds from the offering for working capital, salaries and fees and the development of virtual distribution platform.
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South
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 $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.
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 a $200,000 fee. At the time of its SEC filing, the company had already raised $1.5 million from four accredited investors. The provider of software and database products that integrates components of the clinical trial process intends to use the proceeds from the offering for working capital.
BCA Holding Corp. of Tampa, Fla., raised $9.51 million from 23 accredited investors through a private placement of common stock convertible securities. There was a minimum investment of $10 required on the placement. The holding company 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.
Thinkwell Corp. of Austin raised $4 million from seven accredited investors through an issuance and sale of Series D convertible preferred stock. The provider of educational products and services delivered over the Internet intends to use the proceeds from the offering for working capital.
Retx.com Inc. of Atlanta raised $1.54 million from one accredited investor through common stock and warrant issuance. The provider of software and Internet solutions to companies in the deregulated energy market 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.
INFERNOsearch Inc. of Charlotte raised $2.01 million from six accredited investors through a private placement of Series B preferred stock. The provider of knowledge retrieval and knowledge discovery software products that power business portals, including corporate portals that share information within enterprises, e-commerce portals that sell products and services online, and B2B market exchange portals, intends to use the proceeds from the offering for working capital.
Mercantile Bancorp Inc. of Dallas is raising $1 million from 29 million through an issuance and sale of common stock. The registered bank holding company intends to use the proceeds from the offering for working capital and acquisition.
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Midwest
Netbriefings.com Inc. of St. Paul, Minn., is raising $1 million through a private placement of common stock. There is a minimum investment of $10,000 required on the placement. Dougherty & Co. LLC of Minneapolis is acting as the agent on the placement for undisclosed commission. At the time of its SEC filing, the company had already raised just about $45,000 from one non-accredited and two accredited investors. The developer and marketer of Internet conference management products and services intends to use the proceeds from the offering for research and development for sales and marketing, administrative and production expenses, developments and technical infrastructure, and working capital.
AniGenics Inc. of Chicago is raising just about $2.25 million through a private placement of Series B preferred stock. At the time of its SEC filing, the company had already raised $666,667 from two accredited investors. The company, engaged in the business of the animal genome, intends to use the proceeds from the offering for working capital.
Hamer of St. Louis Park, Minn., raised just about $8 million from one accredited investors through convertible securities financing including common and preferred units. The manufacturer and seller of packaging machinery intend to use the proceeds from the offering for working capital.
Full Audio Corp. Inc. of Chicago raised just about $3 million from 11 accredited investors through Series B-1 preferred stock financing. There was a minimum investment of $5,000 required on the placement. The consumer electronics producer intends to use the proceeds from the offering for working capital, salaries and fees and the development of virtual distribution platform.
Universal Automotive Industries Inc. of Alsip, Ill., has raised $2.8 million from one accredited investor through preferred stock financing. The manufacturer and distributor of automotive brake-related products intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
TransMarket Group Inc. of Chicago raised just about $2 million from nine accredited investors through a private placement of common stock. There was a minimum investment of $100,000 required on the placement. The trader of securities and futures intends to use proceeds from the offering for working capital.
Advanced Academics Inc. of Oklahoma City raised $1.67 million from 11 accredited investors through a private placement of preferred stock. A minimum investment is of $12,497 is required on the placement. The developer, owner and operator of an Internet- based educational courseware product intends to use the proceeds from the offering for working capital.
Education Corp. of America of Chicago raised $1 million from five accredited investors through a private placement of preferred stock. The holding company intends to use proceeds from the offering for working capital.
Divine Inc. of Chicago raised approximately $1.20 million from five accredited and 11 non-accredited investors through class A common stock financing. The public holding company engaged in the provision of Web-based technology, professional services and managed applications capabilities, intends to use the proceeds from the offering for working capital and the acquisition of other businesses.
Midwest Resources of Brookfield, Wis., is raising $3.5 million through a private placement of Series E convertible preferred stock. A minimum investment of $10,000 is required. Midwest Resources Securities Corp. of Brookfield is acting as the agent on the placement for a sales commission of $235,500. At the time of its SEC filing, the company had already raised just over $3 million from 98 accredited investors. The company, which purchases and operates oil and gas properties, intends to use the proceeds from the offering for working capital and the acquisition of oil and gas properties.
Nanonation Inc. of Lincoln, Neb., is raising $2.05 million through a private placement of Series C convertible preferred stock. There is no minimum investment required on the placement. Smith Hayes Financial Services Corp. of Lincoln is acting as the agent on the placement for a sales commission of $235,500. At the time of its SEC filing, the company had already raised just over $62,800 from two accredited investors. The software development company intends to use the proceeds from the offering for working capital.
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West
Woodside Networks Inc. of Redwood City, Calif., is raising $8.6 million through Series A preferred stock financing. At the time of its SEC filing, the company had already raised just over $8 million from 17 accredited investors. The provider of technology to enable wireless enterprise solutions intends to use the proceeds from the offering for working capital.
Paradigm Medical Industries Inc. of Salt Lake City is raising $5 million from one accredited investor through equity financing. A minimum investment of $20,000 is required on the placement. At the time of its SEC filing, the company had already raised $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 $3.5 million through a Series A-2 preferred stock offering. At the time of its SEC filing, the company had already raised $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. At the time of its SEC filing, the company had already raised $1.22 million from six accredited investors. The designer of systems that makes 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.
Eyetide Media Inc. of San Francisco is raising $1.06 million through Series B preferred stock and common stock warrant offering. At the time of its SEC filing, the company had already raised $461,358 from 14 accredited investors. The Internet/media software developer intends to use proceeds from the offering for working capital.
Primanex Corp. of Fremont, Calif., raised $7.35 million from 35 accredited investors through a private placement of preferred stock and convertible securities. The provider of fiber optics components intends to use the proceeds from the offering for working capital.
Magna Drive Corp. of Phoenix raised $5.95 million from 45 accredited investors through a private placement of Series A convertible preferred stock. Cascadia Capital LLC of Seattle acted 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.
Diceburg of Studio City, California raised just about $1.2 million through Series B preferred stock and common stock warrant offering. 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 $225,000 from one accredited investor. The developer and producer of feature length documentaries intends to use proceeds from the offering for working capital.
CyberU Inc. of Santa Monica, Calif., raised $1 million from 11 accredited investors through Series B-1 preferred stock offering. A minimum investment of $10,000 was required. The provider of educational courses over the Internet through a proprietary learning management system intends to use the proceeds from the offering for salaries and fees, working capital, the construction or leasing of plant buildings and facilities and the purchase, rental or leasing and installation of machinery and equipment.
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