Regional Roundup 11-11-02

November 8 2002

East

B-there.com Corp. of Westport, Conn., has filed to raise $3.2 million through a private placement of Series A convertible preferred stock. At the time of its SEC filing, the company had already raised $1.8 million from 14 accredited investors. The company, engaged in the development and implementation of event management software, intends to use the proceeds from the offering for working capital. For more information, call Maryhelen Szilagyi, executive officer, at 203-221-1477.

Comprehensive Neuroscience Inc. of White Plains, N.Y., has filed to raise $4.8 million through a private placement of convertible securities. At the time of its SEC filing, the company had already raised $2.8 million from 11 accredited investors. A minimum investment of $8,000 is required on the placement. The company, specializing in management of clinical trial site for disorders of the central nervous system, intends to use the proceeds from the offering for working capital. For more information, call John Docherty, president, at 914-997-4000.

Bullhorn Inc. of Boston raised $5 million from 21 accredited investors through a Series B-1 preferred stock round of financing. A minimum investment of $6,096 is required on the placement. The company, which builds and delivers applications for the staffing and human capital industry, intends to use the proceeds from the offering for working capital. For more information, call Roger Colvin, chief financial officer, at 617-464-2440.

Digital Media On Demand Inc. of Allston, Mass., has filed to raise $7 million through an offering of a Series A-1 convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $5 million from five accredited investors. The provider of custom software, computer hardware and Internet connections intends to use the proceeds from the offering for working capital. For more information, call Mark Overington, president, at 617-254-1024.

Tribotek Inc. of Cambridge, Mass., raised $2 million from six accredited investors through a Series C convertible preferred stock round of financing. The company, engaged in the research and development of reduced friction technology and its applications, intends to use the proceeds from the offering for working capital. For more information, call Donald Bowers, chief executive officer, at 617-491-1600.

Infonxx Inc. of Bethlehem, Pa., has filed to raise $29.1 million through a Series E preferred stock round of financing. At the time of its SEC filing, the company had already raised $25 million from one accredited investor. A minimum investment of $1,000 is required on the placement. The provider of directory assistance services to telephone companies and other businesses intends to use the proceeds from the offering for working capital. For more information, call David Freedman, executive vice president, at 610-997-1000.

Mro Direct Inc. of Pittsburgh has filed to raise $1.5 million through an issuance of subordinated convertible debt. At the time of its SEC filing, the company had already raised $900,000 from five accredited investors. The provider of products and services in maintenance, repair and operations intends to use the proceeds from the offering for working capital. For more information, call Donald Belt, president and chief executive officer, at 412-481-7330.

Eagle Eye Inc. of Dulles, Va., raised $1.3 million from 15 accredited investors through an offering of promissory notes with bonus shares. The company, engaged in business related to communications technology, intends to use the proceeds from the offering for working capital. For more information, call Matthew Schor, president, at 703-478-3340.

South

Time Domain Corp. of Huntsville, Ala., has filed to raise $55 million through an offering of a Series D preferred stock (yet to be authorized) and bridge loans to the proposed D round in the form of convertible promissory notes and warrants. At the time of its SEC filing, the company had already raised $3.7 million from five accredited investors. A minimum investment of $25,000 is required on the placement. The company, engaged in the invention, development and commercialization of ultra wide band technology, intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, debt repayment and working capital. For more information, call John Brady, chief financial officer, at 256-922-9229.

ClearCube Technology Inc. of Austin, Texas has filed to raise $28.6 million through an issuance of subordinated convertible promissory notes. At the time of its SEC filing, the company had already raised $2.1 million from nine accredited investors. The company, engaged in the PC-related business, intends to use some proceeds from the offering for working capital. For more information, call Mike Frost, chief executive officer, at 512-652-3500.

Motive Communications Inc. of Austin raised $12.5 million from four accredited investors through warrants. The enterprise software developer intends to use the proceeds from the offering for working capital. For more information, call Paul Baker, chief financial officer, at 512-339-8335.

Netrake Corp. of Plano, Texas raised $10 million from 11 accredited investors through a Series C convertible preferred stock round of financing. The company, engaged in the development and sale of telecommunications equipment, intends to use the proceeds from the offering for working capital. For more information, call Bruce Hill, president and chief executive officer, at 214-291-1000.

ScriptRx Inc. of West Palm Beach, Fla., has filed to raise $1.5 million through an offering of convertible securities. At the time of its SEC filing, the company had already raised $800,000 from three accredited investors. The company, which integrates hardware, software and networking technology into a proprietary system to provide electronic prescription writing services, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Douglas Wheeler, president and chief financial officer, at 561-805-5935.

CBM Energy Inc. of Tulsa, Okla., has filed to raise $1 million through a common stock offering. A minimum investment of $25,000 is required on the placement. The company, involved in oil and gas exploration and production, intends to use the proceeds from the offering for salaries and fees, oil and gas leases, construction or leasing of plant buildings. For more information, call Larry Burroughs, president and chief executive officer, at 918-583-8112.

Midwest

NewLink Genetics Corp. of Ames, Iowa has filed to raise $5.4 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $838,500 from 10 accredited investors. The developer of the genomics databases intends to use some proceeds from the offering for working capital. For more information, call Charles Link, president, at 515-296-5555.

Silver Spring Networks Inc. of Butler, Wis., raised $330,000 from four accredited investors through an offering of common stock. The company, engaged in utility meter technology, intends to use the proceeds from the offering for working capital. For more information, call Keith Burge, president, at 262-783-0200.

West

AutoTradeCenter Inc. of Mesa, Ariz., has filed to raise $3.2 million through a Series E 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 automotive remarketing services intends to use the proceeds from the offering for working capital. For more information, call Roger Butterwick, executive officer, at 480-556-6701.

Intersource Inc. of Phoenix has filed to raise $2 million through a Series A-2 preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.1 million from seven accredited investors. The provider of Web-based procurement software and related services intends to use the proceeds from the offering for working capital. For more information, call Steven Whiteman, president, at 602-445-2200.

Arzoon Inc. of San Mateo, Calif., has filed to raise $11.2 million through a Series A-1 and B-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $9.2 million from 13 accredited investors. A minimum investment of $1,000 is required on the placement. The developer of enterprise software intends to use the proceeds from the offering for working capital. For more information, call Thomas Kintner, executive officer, at 650-522-6000.

CollabNet Inc. of Brisbane, Calif., has filed to raise $14.1 million through an offering of Series A-1 preferred stock. At the time of its SEC filing, the company had already raised $11 million from five accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call William Portelli, president and chief executive officer, at 650-228-2500.

CyberU Inc. of Santa Monica, Calif., has filed to raise $2 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $500,000 from five accredited investors. A minimum investment of $10,000 is required on the placement. The company intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, construction of plant buildings and facilities and working capital. For more information, call Steve Simon, vice president, at 310-581-2005.

Green Valley Tea Co. of San Francisco has filed to raise $4 million through a common stock offering. At the time of its SEC filing, the company had already raised $460,000 from nine accredited investors. A minimum investment of $10,000 is required on the placement. The company, engaged in marketing and retail of tea 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 William Dillingham, chief financial officer, at 415-397-2700.

IdentiCrypt Inc. of Menlo Park, Calif., has filed to raise $4 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.3 million from two accredited investors. The developer of enterprise software intends to use the proceeds from the offering for working capital. For more information, call Kacker Rishi, executive officer, at 650-724-0630.

Imaging Portals Inc. of Simi Valley, Calif., raised $925,000 from 15 accredited investors through a Series D convertible preferred stock round of financing. The software developer for document imaging industry intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Barbara White, executive officer, at 805-527-1875.

I.T. Technology Inc. of Sherman Oaks, Calif., has filed to raise $1.3 million through a common stock offering. At the time of its SEC filing, the company had already raised $1 million from nine accredited investors. S.B.Cantor and Co. of New York is acting as a placement agent for $60,500 in sales commission. The company, engaged in the e-commerce and digital media through interests in its operating subsidiaries, Stampville and Video Dome, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Jonathan Herzog, executive vice president, at 818-380-3020.

iSpheres Corp. of Oakland, Calif., has filed to raise $15 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $6.6 million from 12 accredited investors. The enterprise software developer intends to use the proceeds from the offering for working capital. For more information, call Santosh Alexander, president, at 510-302-6700.

Kintera Inc. of San Diego has filed to raise $10 million through a Series F preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.7 million from 41 accredited investors. A minimum investment of $10,000 is required on the placement. For more information, call Allen Gruber, executive officer, at 858-795-3000.

Mobility Network Systems Inc. of San Jose, Calif., has filed to raise $2.5 million through the sale of Series C preferred stock. At the time of its SEC filing, the company had already raised $759,979 from 19 accredited investors. The company, engaged in wireless telecommunications, intends to use the proceeds from the offering for working capital. For more information, call William Howe, chief executive officer, at 408-468-6600.

Mojave Inc. of Sunnyvale, Calif., has filed to raise $1.6 million through an issuance of a Series A preferred stock. At the time of its SEC filing, the company had already raised $1.5 million from six accredited investors. The software developer intends to use the proceeds from the offering for salaries and fees, purchase of real estate, purchase, rental or leasing and installment of machinery and equipment and working capital. For more information, call Vivek Raghavan, executive officer, at 408-530-8765.

Neomend Inc. of Sunnyvale, Calif., raised $1.5 million from six accredited investors through an offering of Series B preferred stock and convertible promissory notes and warrants. The manufacturer of medical devices intends to use the proceeds from the offering for working capital. For more information, call Daniel Browne, executive officer, at 408-733-0100.

NetChip Technology Inc. of Mountain View, Calif., has filed to raise $1.5 million through a Series E preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.4 million from eight accredited investors. The semiconductor designer intends to use the proceeds from the offering for working capital. For more information, call Wei-Ti Liu, president, at 650-526-1490.

LAB-InterLink Inc. of Omaha, Nev., has filed to raise $5 million through an offering of common stock. Transition Partners Ltd. of Boulder, Colo., and The Affiliated Companies Inc. of Omaha, Nev., are acting as placement agents for $350,000 in sales commission. The company, engaged in manufacturing and sale of clinical laboratory automation software and equipment, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Mary Newcomb, chief operating officer, at 402-595-3767.

Cyanotech Corp. of Kailua-Kona, Hawaii raised $1.6 million through a private placement of common stock and 10% convertible subordinated debt. A minimum investment of $60,000 was required on the placement. The company, which manufacturers and sells natural products from microalgae intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Ronald Scott, chief financial officer, at 808-326-1353.

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