Regional Roundup 12-16-02

East

Africast Television Network Inc. of Westport, Conn., has filed to raise $10 million through an offering of common stock. A minimum investment of $25,000 is required on the placement. The company, which plans to establish and operate a television network, targeting African American, African and Caribbean immigrants audience, intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, working capital, acquisition of programming rights, broadcasting distribution, advertising and administrative expenses. For more information, call John Sarpong, chief executive officer, at 860-862-0210.

Butler International Inc. of Montvale, N.J., has filed to raise $5 million through an offering of preferred stock. A minimum investment of $50,000 is required on the placement. Wolff Investments Group Inc. of New York is acting as an agent on the placement for $500,000 in sales commissions. The provider of technical and outsourcing services intends to use the proceeds from the offering for working capital. For more information, call Edward Kopko, president, at 201-573-8000.

Concorde Europe Inc. of New York has filed to raise $16 million through an issuance of convertible securities. The company, which at the time of its SEC filing had no commitments or agreements with any of the brokers, plans to allocate $200,000 for sales commission. The provider of financial services intends to use the proceeds from the offering for acquisitions of other businesses and working capital. For more information, call Craig Zabala, president and chief executive officer, at 212-566-8300.

Cool Dog Inc. of Shirley, Mass., has filed to raise $500,000 through an issuance of convertible bridge note. At the time of its SEC filing, the company had already raised $275,000 from six accredited investors. The premium ice cream maker intends to use some proceeds from the offering for debt repayment and working capital. For more information, call Peter Franklin, president, at 978-425-2730.

Medaptus Inc. of Boston raised $1.4 million from two accredited investors through a Series E convertible preferred stock round of financing. A minimum investment of $105,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call James Giglio, vice president, at 617-523-1221.

Impact Imaging Inc. of Columbia, Md., has filed to raise $1.5 million through a private placement of convertible debenture and warrant. At the time of its SEC filing, the company had already raised $1.3 million from 11 accredited investors. The developer of compression and encryption software intends to use the proceeds from the offering for working capital. For more information, call Richard Faint Jr., chief executive officer, at 410-309-9070.

Brivo Systems Inc. of Arlington, Va., raised $6.3 million from four accredited investors through a Series B preferred stock round of financing. A minimum investment of $25,000 was required on the placement. The access control vendor intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Bobby Melvin, vice president, at 703-841-5147.

Eidea Labs Inc. of Annandale, Va., has filed to raise $10 million through an issuance of a Series A convertible preferred stock and underlying common stock. At the time of its SEC filing, the company had already raised $6.3 million from six accredited investors. The software provider intends to use some proceeds from the offering for working capital. For more information, call John Kogut, chief financial officer, at 703-354-9350.

e-Numerate Solutions Inc. of McLean, Va., has filed to raise $2.3 million through an issuance of a Series B preferred stock and warrants to purchase common stock. At the time of its SEC filing, the company had already raised $2 million from 51 accredited investors. The software developer intends to use some proceeds from the offering for working capital. For more information, call J. Paul Carey, chief executive officer, at 703-448-0087.

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South

Project Horizon Inc. of Jacksonville, Fla., has filed to raise $6.5 million through an offering of common stock. At the time of its SEC filing, the company had already raised $1.6 million from five accredited investors. The company, which rents and sells portable DVD players and disks in airport facilities, intends to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities and working capital. For more information, call Michael Freedman, chief executive officer, at 904-680-9152.

SinoFresh HealthCare Inc. of Sarasota, Fla., has filed to raise $1.2 million through a private placement of convertible securities. At the time of its SEC filing, the company had already raised $312,500 from six accredited investors. The developer of healthcare products intends to use the proceeds from the offering for salaries and fees, debt repayment, working capital and other purposes. For more information, call Doug Forde, chief executive officer, at 941-925-2500.

Viragen Inc. of Plantation, Fla., raised $2 million from three accredited investors through an offering of convertible debentures. The company, involved in research, development, manufacturing and sale of immunological products, intends to use the proceeds from the offering for working capital. For more information, call Dennis Healey, executive vice president, at 954-233-8746.

Virtupass Corp. of Ft. Lauderdale, Fla., has filed to raise $200,000 through a private placement A minimum investment of $2,000 is required on the placement. The provider of an Internet-based payment processing system intends to use the proceeds from the offering for construction or leasing and installation of machinery and equipment, working capital, advertising and marketing. For more information, call Nathan Burrell, president, at 954-229-1699.

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Midwest

BDD International Inc. of Williamsburg, Ky., has filed to raise $6 million through a private placement of common stock. A minimum investment of $10,000 is required on the placement. The company plans to allocate $600,000 to sales commission. The company, engaged in business related to heating and air conditioning processes intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, working capital and patenting expenses and legal fees. For more information, call Robert Wright, president and chief executive officer, at 606-549-3738.

IntraDyn Inc. of Edina, Minn., has filed to raise $1.1 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $50,001 from one accredited investor. The minimum investment of $35,000 required on the placement can be waived. The company, which develops and manufacturers information technology systems, intends to use the proceeds from the offering for working capital. For more information, call Joseph Leach, president, at 952-936-7733.

Shturman Cardiology Systems Inc. of New Hope, Minn., 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 $260,000 from eight accredited investors. The developer and manufacturer of devices for treatment of atherosclerosis in coronary and peripheral arteries intends to use the proceeds from the offering for working capital. For more information, call Gary Petrucci, director, at 763-544-1890.

Turley Martin Tucker Company of St. Louis has filed to raise $5.2 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $27,400 from one accredited investor. A minimum investment of $27,400 is required on the placement. The provider of commercial real estate services intends to use the proceeds from the offering for working capital. For more information, call William Florent, chief financial officer, at 314-862-7100.

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West

AmberPoint Inc. of Oakland, Calif., raised $13.6 million from 16 accredited investors through a Series B preferred stock round of financing. The producer of consumer electronic devices intends to use the proceeds from the offering for working capital. For more information, call John Hubinger, executive officer, at 510-663-6301.

Atempo Inc. of Mountain View, Calif., has filed to raise $8.8 million through an issuance of convertible promissory notes, a Series A preferred stock and warrants to purchase common stock. At the time of its SEC filing, the company had already raised $6.3 million from 10 accredited investors. The developer of enterprise software intends to use the proceeds from the offering for working capital. For more information, call Herve Goguely, chairman of the board, at 650-428-2000.

Cendura Corp. of Mountain View, Calif., has filed to raise $8.2 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.1 million from 12 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 Pavan Nigam, executive officer, at 650-625-0667.

EGeen International Corp. of Redwood City, Calif., raised $4.3 million from nine accredited investors through a Series B convertible preferred stock round of financing. The company, engaged in the business related to population genetics, intends to use the proceeds from the offering for working capital. For more information, call Kalev Kask, chief executive officer, at 650-632-4383.

GBase Communications Inc. of Walnut Creek, Calif., raised $220,163 from seven accredited and one non-accredited investors through a Series C preferred stock round of financing. Captec Partners Corp. of Taipei, Taiwan acted as an agent on the placement for $11,008 in sales commission. The company, which provides and supplies wireless base station system core technology, intends to use the proceeds from the offering for working capital. For more information, call Kiomars Anvari, president, at 925-287-4441.

ISTA Pharmaceuticals Inc. of Irvine, Calif., raised $40 million from seven accredited investors through an issuance of common stock. The company also issued warrants to purchase common stock, upon exercise of which it will receive an aggregate of $6 million. Thomas Weisel Partners of New York acted as an agent on the placement for $1.5 million in finderis fee. The developer of eye pharmaceuticals intends to use the proceeds from the offering for working capital. For more information, call Vicente Anido, president and chief executive officer, at 949-788-6000.

MacroPore Biosurgery Inc. of San Diego raised $4.3 million from 33 accredited and 19 non-accredited investors through a private placement of common stock. The company, engaged in the business related to use of resorbable polymer implants in a variety of surgical applications, intends to use the proceeds from the offering for acquisition of other businesses. For more information, call Christopher Calhoun, president and chief executive officer, at 858-458-0900.

Printable Technologies Inc. of Solana Beach, Calif., raised $1.5 million from eight accredited investors through a Series C preferred stock round of financing. The provider of online software applications for the print industry intends to use the proceeds from the offering for working capital. For more information, call Coleman Kane, president and chief executive officer, at 858-793-4114.

Riva Commerce Inc. of San Francisco raised $4.6 million from 14 accredited investors through a Series A preferred stock round of financing. The provider of supply chain management software and consulting services intends to use the proceeds from the offering for working capital. For more information, call Anjali Kataria, president and chief executive officer, at 415-377-7255.

UFO Communications Inc. of San Francisco 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 $10.1 million from eight accredited investors. A minimum investment of $45,553 is required on the placement. The provider of last-mile metropolitan broadband services and access intends to use some proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, debt repayment, working capital and acquisition of optical transmission rights. For more information, call Brian Buchanan, chief operating officer, at 415-865-3660.

Venetec International Inc. of San Diego has filed to raise $19.4 million through a Series F preferred stock round of financing. At the time of its SEC filing, the company had already raised $18.9 million from 17 accredited investors. William Blair & Co. and Channel Medical Advisors Inc., both of Chicago, are acting as placement agents for $360,000 in sales commissions and $100,000 in finders fees. The developer of medical devices intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Scott Streitman, chief financial officer, at 858-350-4444.

Yosemite Technologies Inc. of Fresno, Calif., raised $4.5 million from four accredited investors through a Series A preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Dennis Hagobian, president and chief operating officer, at 559-449-8181.

Max-Viz Inc. of Portland, Ore., raised $7.3 million from 21 accredited investors through a private placement of a Series B preferred stock and convertible promissory notes. A minimum investment of $50,000 was required on the placement. Larkspur Capital Corp. acted as an agent on the placement. The developer of enhanced vision systems for the aviation industry intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Gregg Fawkes, president, at 503-968-3036.

Mobility Inc. of Seattle has filed to raise $2.5 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already secured $2 million from one accredited investor, where $1 million is the subject to satisfaction of certain milestones. Kibble & Prentice Financial Inc. of Seattle is acting as an agent on the placement for 5% in sales commission. The company, engaged in vehicle sharing business, intends to use the proceeds from the offering for working capital. For more information, call David Leonhardt, chief operating officer, at 206-323-3539.

P5 Inc. of Salt Lake City raised $1 million from one accredited investor through a private placement of common stock. A minimum investment of $1 million was required on the placement. The company, involved in third party health plan administration, intends to use the proceeds from the offering for working capital. For more information, call Wayne Provost, executive officer, at 801-474-2555.

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