East
Physicians Dialysis Inc. of Beverly, Mass., is raising over $5.4 million through a private placement of Series A preferred and common stock. There is a minimum investment of $1,800 required on the placement. At the time of its SEC filing, the company had already raised $28.6 million from nine accredited investors. The company, which is engaged in the ownership, operation and management of directly owned or indirectly owned dialysis centers and related matters, intends to use the proceeds from the offering for working capital.
Incipient Inc. of Burlington, Mass., is raising $8 million through a private placement of Series A convertible preferred stock. At the time of its SEC filing, the company had already raised about $6.5 million from seven accredited investors. The operator of a specialty retailer of high-end fixtures, ceramic tiles, and accessories for the bath intends to use the proceeds from the offering for working capital.
Gorp.com Inc. of New York is raising $5 million through a private placement of Series C preferred stock. There is a minimum investment of $4,000 required on the placement. At the time of its SEC filing, the company had already raised just over $2.06 million from eight accredited investors. The Internet site devoted to outdoor recreation intends to use the proceeds from the offering for working capital.
Demegen Inc. of Pittsburgh is raising $4 million through an issuance and sale of common stock and warrants to purchase common stock. There is a minimum investment of $10,000 required. Baird, Patrick & Co. Inc. of New York and C.E. Pfeifer & Co. are acting as the agents on the placement for sales commissions of $60,835. At the time of its SEC filing, the company had already raised just over $1.3 million from four accredited investors. The company, which discovers, designs and develops peptides, proteins and genes for the treatment of solid tumors, cystic fibrosis, multi-drug resistant bacteria and fungi, intends to use the proceeds from the offering for working capital.
Fastcase.com Inc. of Washington, D.C., is raising $2 million through a private placement of preferred stock with a right to convert to common stock. There is a minimum investment of $10,000 required. The digital legal publishing firm intends to use the proceeds from the offering for working capital and technology development.
Apollo Diamond Inc. of Boston is raising $1.5 million through an issuance and sale of Series A convertible preferred stock including common stock warrants. There is a minimum investment of $10,000 required on the placement. Equity Securities Investments Inc. of Minnesota is acting as the agent on the placement for a sales commission of $18,000. At the time of its SEC filing, the company had already raised more than $50,000 from three accredited investors. The company, which is engaged in the production of laboratory-created diamonds, intends to use the proceeds from the offering for salaries and fees, the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, and working capital.
Orion’s Belt Inc. of Sudbury, Mass., is raising $1.2 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 $835,000 from 10 accredited investors. The provider of Internet-enabled management of referrals and connections intends to use the proceeds from the offering for working capital and the construction or leasing of plant buildings and facilities.
Soluz Inc. of Chelmsford, Mass., is raising about $1 million through a private placement of common stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $50,000 from one accredited investor. The developer, producer and seller of photovoltaic power products intends to use a majority of the proceeds from the offering for repayment of indebtedness, working capital, salaries and fees, purchase, rental or leasing and installation of machinery and equipment, and other purposes.
Solidscape Inc. of Merrimack, N.H., is raising $1 million through a private placement of common stock. There is a minimum investment of $100,000 required on the placement. At the time of its SEC filing, the company had already raised just over $500,000 from two accredited investors. The developer, manufacturer and seller of rapid prototyping and pattern-making devices and related software intends to use a majority of the proceeds from the offering for working capital.
Endeca Technologies Inc. of Cambridge, Mass., raised about $15 million from nine accredited investors through a private placement of Series C convertible preferred stock. The developer of software solutions intends to use the proceeds from the offering for working capital.
Brown Capital Holdings Inc. of Baltimore raised about $1.75 million from two accredited investors through an offering of shares of common stock. The holding company for a non-depository trust company intends to use the proceeds from the offering for working capital.
New Chapter Inc. of Brattleboro, Vt., raised $1 million from one accredited investor through a private placement of common stock and convertible securities including warrants. There was a minimum investment of $1 million required on the placement. The manufacturer of health foods and nutritional aids intend to use the proceeds from the offering for working capital.
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South
Biometric Access Corp. of Round Rock, Texas, is raising $15.33 million through an issuance of Series B-1 and B-2 convertible preferred stock. There is a minimum investment of $10,000 required on the placement. At the time of its SEC filing, the company had already raised just over $5 million from two accredited investors. The manufacturer and developer of personal identity authentication equipment and software intends to use the proceeds from the offering for working capital and repayment of indebtedness.
Blue Secure Technologies Inc. of Plano, Texas, is raising just over $6.71 million through a private placement of Series A 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 $3.622 million from two accredited investors. The telecommunications business intends to use the proceeds from the offering for working capital.
Health Flash Inc. of Alpharetta, Ga., is raising $1.37 million through a private placement of Series A preferred stock. Cardinal Ventures of Atlanta is acting as the agent on the placement for a finders’ fee of $35,250. At the time of its SEC filing, the company had already raised just about $304,563 from seven accredited investors. The provider of a compliance management system to assist healthcare organizations with compliance accreditation and strategic performance management intends to use the proceeds from the offering for working capital.
Scanlab Inc. of Clearwater, Fla., is raising about $1 million through an issuance and sale of common stock. A minimum investment of $12,500 is required on the placement. At the time of its SEC filing, the company had already raised just about $62,500 from two accredited investors. The company, which is engaged in the importation and marketing of nutraceuticals, intends to use the proceeds from the offering for working capital.
Neovest Holdings Inc. of Atlanta raised about $5 million from one accredited investor through a private placement of Series C preferred stock. A minimum investment was not required on the placement. The developer of software for financial services businesses intends to use the proceeds from the offering for working capital.
Galaxy National Foods Inc. of Orlando, Fla., raised about $3 million from one accredited investor through a private placement of common stock. A minimum investment of $3 million was required on the placement. The company, formed for the purpose of developing, marketing and manufacturing a variety of health-related cheese products, as well as cheese alternatives, 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.
Southeastern Financial Inc. of Tuscaloosa, Ala., raised about $1.53 million from 20 accredited investors through a private placement of common stock. The bank holding company intends to use the proceeds from the offering for working capital.
Sophia Wireless Inc. of Chantilly, Va., raised about $1 million from 14 accredited investors through a private placement of Series A preferred stock. A minimum investment was not required on the placement. The high frequency electronic component and packaging supplier to the broadband wireless and optoelectronic markets intends to use the proceeds from the offering for working capital.
Theseus Logic Inc. of Maitland, Fla., raised about $1 million from one accredited investor through a private placement of Series C preferred stock. A minimum investment of $1 million was required on the placement. The integrated circuits developer intends to use the proceeds from the offering for working capital.
Infinite Networks Corp. of Norfolk, Va., raised about $1 million from one accredited investor through a private placement of Series A preferred stock. A minimum investment of $10,000 was required on the placement. The telecommunication company intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
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Midwest
Optate Inc. of Ann Arbor, Mich., is raising $8 million through a private placement of Series B convertible preferred stock. There is a minimum investment of $50,000 required on the placement. At the time of its SEC filing, the company had already raised about $6.5 million from three accredited investors. The company intends to use the proceeds from the offering for working capital.
KMS Energy International Inc. of Westchester, Ill., is raising $8 million through a private placement of common stock. A minimum investment of $53,000 is required on the placement. At the time of its SEC filing, the company had already raised about $78,000 from seven accredited investors. The developer, designer, constructer, acquirer, manager and seller of “green” energy projects, intends to use the proceeds from the offering for working capital.
TF Logic Inc. of Cincinnati is raising $8 million through a private placement of Series A preferred stock. There is a minimum investment of $15,000 required on the placement. At the time of its SEC filing, the company had already raised about $25,000 from one accredited investor. The web-based software developer, which licenses and hosts software for clients, 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, the acquisition of other businesses, the repayment of indebtedness, the repurchase of common shares from a founder, and working capital.
Lighthouse Communications Inc. of Des Moines, Iowa, is raising $6 million through a private placement of Series C preferred stock. At the time of its SEC filing, the company had already raised about $2.9 million from seven accredited investors. The provider of Internet services to businesses and individuals intends to use the proceeds from the offering for working capital.
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West
Mr. Stock Inc. of Phoenix is raising just over $17.99 million through a private placement of Series A preferred stock, common stock and options to acquire common stock. There is a minimum investment of $10,000 required on the placement. At the time of its SEC filing, the company had already raised just over $13.64 million from five accredited investors. The securities broker/dealer intends to use the proceeds from the offering for working capital.
Ultimate Sports Entertainment Inc. of Santa Monica, Calif., is raising just about $2.5 million through a private placement of common stock and warrants. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $475,000 from one accredited investor. The producer and distributor of comic books based on athletes as super heroes intends to use the proceeds from the offering for restructuring of a loan.
Primus Pharmaceuticals Inc. of Tiburon, Calif., is raising just over $2.28 million through a private placement of common stock and warrants. A minimum investment of $10,000 is required on the placement. At the time of its SEC filing, the company had already raised just over $1.96 million from 20 accredited investors. The company, which is engaged in the business of pharmaceutical sales, intends to use the proceeds from the offering for the acquisition of other businesses and working capital.
Applied Discovery Inc. of Bellevue, Wash., is raising just about $1.5 million through a Series A preferred stock financing. There is a minimum investment of $100,000 required on the placement. At the time of its SEC filing, the company had already raised just over $585,000 from six accredited investors. The legal software intends to use the proceeds from the offering for working capital.
Cyber Centers Inc. of Beverly Hills, Calif., is raising just about $1 million through a private placement of preferred stock. A minimum investment of $1,000 is required on the placement. The owner, operator, manager and promoter of postal and business products and services through retail facilities intends to use the proceeds from the offering for working capital.
Earthstone International Ltd. of Santa Fe, N.M., raised $15.38 million from 13 accredited investors through an equity financing. A minimum investment of $25,000 was required on the placement. The manufacturer of patented foam glass abrasive products intends to use the proceeds from the offering for repayment of indebtedness, working capital, and marketing/equity investment.
English Language Learning and Instruction Systems Inc. of Provo, Utah, raised $4.17 million from four accredited investors through a preferred and common stock offering. There was a minimum investment of $5,000 required on the placement. The developer and distributor of multi-media computer software to teach English as a second language intends to use proceeds from the offering for working capital.
DBS Industries Inc. of Mill Valley, Calif., raised approximately $1.91 million from 12 accredited investors through a private placement of Series A-1 and A-2 preferred stock and common stock issuable upon conversion. Capital Access of Seattle acted as the agent on the placement for a sales commission of $77,000. There is a minimum investment of $10,000 required on the placement. The provider of global automatic meter reading services intends to use the proceeds from the offering for working capital.
California Optical Corp. of San Leandro, Calif., raised $1.97 million from 43 accredited investors through a preferred stock financing. There was a minimum investment of $1.25 million required on the placement. The designer, manufacturer, distributor, marketer and retailer of eyeglass cases, sunglass cases and related accessories intends to use proceeds from the offering for working capital.
XIS Inc. of San Francisco raised $1.5 million from 33 accredited investors through a preferred stock financing. A minimum investment was not required. The developer and seller of program and portfolio management software intends to use the proceeds from the offering for working capital and operating expenses.
Advanced Training Systems International Inc. of Mesa, Ariz., raised $1.5 million from one accredited investor through a Series A convertible preferred stock offering. There was a minimum investment of $1.5 million required on the placement. The developer, marketer and provider of military flight training and other related services intends to use proceeds from the offering for working capital.
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