East
StatementOne Inc. of Lawrenceville, N.J., is raising about $5.5 million through a private placement of Series A convertible preferred stock. A minimum investment of $181,268 is required. At the time of its SEC filing, the company had already raised about $2.53 million from five accredited investors. The developer, seller and provider of related services for software intends to use the proceeds from the offering for working capital, communications, rent, travel and administrative purposes.
SilverBack Technologies Inc. of North Billerica, Mass., is raising $5 million through a private placement of Series C preferred stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised about $3.94 million from six accredited investors. The company, formed to engage in all aspects of hardware and software development, intends to use the proceeds from the offering for working capital.
Interscope Technologies Inc. of Pittsburgh is raising about $3.25 million through a private placement of Series A convertible preferred stock. There is no minimum investment required. Princeton Equity Securities Inc. of Princeton, N.J., is acting as the agent on the placement for a finders’ and advisory fee of $142,765. At the time of its SEC filing, the company had already raised about $3.19 million from 21 accredited investors. The medical pathology products and consulting firm intends to use the proceeds from the offering for working capital and the purchase, rental or leasing and installation of machinery and equipment.
Lighthammer Software Development Corp. of Exton, Pa., is raising $2.16 million through a private placement of Series A convertible preferred and common stock. A minimum investment of $1,000 is required. At the time of its SEC filing, the company had raised $1.66 million from eight accredited investors. The software development company intends to use the proceeds from the offering for working capital.
Oracom Inc. of North Andover, Mass., is raising $1 million through a private placement of common stock and convertible securities. At the time of its SEC filing, the company had raised just about $500,000 from three accredited investors. The developer and seller of Internet appliances for network management intends to use a majority of the proceeds from the offering for working capital.
HealthExtras Inc. of Rockville, Md., raised approximately $11.99 million from 14 accredited investors through the issuance and sale of common stock. SG Cowen Securities Corp. of New York acted as the agent on the placement for a sales commission of $840,000, a placement fee of $150,000 and other warrant options. The provider of health, pharmacy and disability benefits intends to use the proceeds from the offering for unspecified purposes.
SmartOps Corp. of Pittsburgh raised just about $9.57 million from 15 accredited investors through a private placement of Series A preferred stock including warrants. A minimum investment of $10,000 was required. The creator of software for the supply chain management industry intends to use the proceeds from the offering for working capital and the purchase, rental or leasing and installation of machinery and equipment.
Hilliard Farber & Co. Inc. of New York raised $4 million from two accredited investors through the issuance and sale of Series B redeemable convertible preferred stock including common stock warrants. There was a minimum investment of $5,000 required. The company intends to use the proceeds from the offering for working capital.
Expertplan Inc. of Cranbury, N.J., raised $1.75 million from five accredited investors through an offering of convertible securities. There was a minimum investment of $100,000 required. The administration of Internet-based retirement plans intends to use the proceeds for unspecified purposes.
Nanosys Inc. of Cambridge, Mass., raised about $1.65 million from seven accredited investors through the issuance and sale of Series A convertible preferred stock including warrants. The researcher and developer of nanotechnology intends to use the proceeds from the offering for working capital.
OTG Software Inc. of Rockville, Md., raised about $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.
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South
Alliance Hospital Ltd. of Odessa, Texas, is raising $15 million through the issuance and sale of convertible securities and common stock warrants. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised about $5 million from 11 accredited investors. The developer and operator of an acute care general hospital intends to use the proceeds from the offering for construction or leasing of plant buildings and facilities, the purchase, rental or leasing and installation of machinery and equipment, and the repayment of indebtedness.
Essxsport Corp. of Hurst, Texas, is raising $5 million through a common stock financing. A minimum investment of $5,000 is required. At the time of its SEC filing, the company had already raised $507,353 from 40 accredited and non-accredited investors. The wholesale sporting goods corporation 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, repayment of indebtedness, working capital and other corporate purposes.
FemPartners Inc. of Houston is raising just over $4.2 million through a private placement of convertible preferred stock. At the time of its SEC filing, the company had already raised $3.05 million from 21 accredited investors. The physician practice management company intends to use the proceeds to acquire other businesses and for working capital.
Ascension Orthopedics Inc. of Austin, Texas, is raising $3 million through a private placement of series A-1 preferred stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised just over $301,000 from two accredited investors. The privately held company, engaged in the research, development, manufacturing and distribution of pyrocarbon orthopedics implants for the small skeletal joints of the hand, upper extremities and feet, intends to use the proceeds from the offering for working capital.
Intelli-Mark Technologies Inc. of Raleigh, N.C., is raising approximately $3 million through an issuance of Series B convertible preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised just over $2 million from 12 accredited investors. The provider of technology that enables the secure delivery of tickets for redeemable vouchers over the Internet intends to use the proceeds from the offering for working capital.
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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
Genoptix Inc. of San Diego is raising about $15 million through a private placement of Series B preferred stock. At the time of its SEC filing, the company had raised $11.52 million from eight accredited investors. The company intends to use the proceeds from the offering for working capital.
Exemplary Software Inc. of Cupertino, Calif., is raising $12 million through a private placement of Series D preferred and common stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised about $5 million from 12 accredited investors. The computer software company intends to use the proceeds from the offering for working capital.
CNM Networks Inc. of Simi Valley, Calif., is raising $10 million through a private placement of Series B redeemable convertible participating preferred stock. There is a minimum investment of $25,000 required. Jefferies & Company Inc. of Los Angeles is acting as the agent on the placement for a finders’ fee of $750,000. At the time of its SEC filing, the company had already raised $5.2 million from four accredited investors. The company provides Voice over Internet Protocol (VoIP) telecommunications services to individuals and businesses through Internet protocol telephony and virtual private networks. It intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, the repayment of indebtedness, working capital, sales and marketing costs.
AskMe Corp. of Bellevue, Wash., is raising just over $6.5 million through the issuance and sale of Series D preferred stock and warrants. A minimum investment is not required. At the time of its SEC filing, the company had already raised just over $1.5 million from three accredited investors. The provider of Internet services and software intends to use the proceeds from the offering for working capital.
Jentec Interactive Inc. of La Mesa, Calif., is raising over $6 million through the issuance and sale of common stock. A minimum investment of $5,000 is required on the placement. World Wide Business Opportunities LLC of Peoria, Ariz., is acting as the agent on the placement for a finders’ fee of $125,000. At the time of its SEC filing, the company had already raised $865,723 from 40 accredited and non-accredited investors. The producer and seller of multimedia presentations 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.
BenefitStreet of San Ramon, Calif., is raising just over $5 million through the issuance and sale of Series D preferred stock and warrants. A minimum investment is not required on the placement. The company, which manages employee benefit plans and develops software systems, intends to use the proceeds from the offering for working capital, sales and marketing, and the repayment of indebtedness.
EStyle Inc. of Los Angeles is raising about $5.43 million through the issuance and sale of Series E preferred stock and warrants. A minimum investment of $30,000 is required. At the time of its SEC filing, the company had raised about $5 million from 19 accredited investors. The Internet retailer intends to use the proceeds from the offering for working capital, sales and marketing, and the repayment of indebtedness.
Lasershield Systems Inc. of Carlsbad, Calif., is raising just over $5 million through a private placement of Class C preferred shares. There is a minimum investment of $105,000 required on the placement. At the time of its SEC filing, the company had already raised $190,000 from three accredited investors. The burglar alarm/personal emergency products and services company intends to use the proceeds from the offering for manufacturing, marketing, advertising, public relations, administrative expenses, professional fees, research and development, engineering, molds and working capital.
Agital Inc. of Bothell, Wash., is raising $4.6 million through the issuance and sale of Series C preferred stock and warrants. A minimum investment of $30,000 is required. At the time of its SEC filing, the company had already raised $2.6 million from seven accredited investors. The developer of integration and messaging software intends to use the proceeds from the offering for working capital.
Protalex Inc. of Albuquerque, N.M., is raising about $1.13 million through the issuance and sale of Series C preferred stock and warrants. A minimum investment of $12,000 is required. Pembroke Financial Partners LLC of Houston is acting as the agent on the placement for sales commissions of $8,704. At the time of its SEC filing, the company had already raised $1 million from 24 accredited investors. The company intends to use the proceeds from the offering for working capital.
Zend.com Corp. of Seattle is raising $1 million through the issuance and sale of preferred stock. A minimum investment is not required. At the time of its SEC filing, the company had already raised $455,000 from seven accredited investors. The provider of software relating to security and privacy in communications intends to use the proceeds from the offering for working capital.
Enfos Inc. of San Mateo, Calif., is raising $1 million through the issuance and sale of preferred stock. A minimum investment of $100,000 is required. At the time of its SEC filing, the company had raised just over $100,000 from one accredited investor. The IT software applications provider intends to use the proceeds from the offering for working capital.
Meridian Project Systems Inc. of Folsom, Calif., raised just about $5 million from one accredited investor through the issuance and sale of Series D preferred stock. There was no minimum investment required on the placement. The construction management software company intends to use the proceeds for the acquisition of other businesses and working capital.
Dove Bid Inc. of Foster City, Calif., raised $3.85 million from three accredited investors through a private placement of convertible securities. The business-to-business auction company intends to use the proceeds from the offering for the acquisition of other businesses.
My Prime Time Inc. of San Francisco raised $2.86 million from 13 accredited investors through Series C convertible preferred stock and warrants to buy common stock. The Internet media company intends to use the proceeds from the offering for working capital.
Packet Stream Inc. of Pleasanton, Calif., raised $2.25 million from 15 accredited investors through a private placement of Series A preferred stock. A minimum investment of $5,000 was required. The researcher and developer of IP network technology intends to use the proceeds from the offering for working capital.
Centerspan Communication Company Inc. of WVC, Utah, is raising just about $1.68 million from one accredited investor through a private placement of Series C preferred stock. The developer and marketer of Internet software applications for communications and collaborative sharing intends to use proceeds from the offering for working capital and the purchase, rental or leasing and installation of machinery and equipment.
Aptos Corp. of Milpitas, Calif., raised $1.47 million from 10 accredited investors through a private placement of convertible securities and warrants to purchase common stock. A minimum investment was not required. The provider of water pumping services intends to use the proceeds from the offering for working capital.
1-800-Taxicab Inc. of Van Nuys, Calif., is raising approximately $1 million from 16 accredited investors through a private placement of Series A preferred stock and convertible securities. A minimum investment of $10,000 was required. The referral service for prospective taxi customers intends to use proceeds from the offering for working capital.
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