Regional Roundup 3-11-02

East

Tecumseh Holdings Corp. of Edgewater, N.J., is raising $10 million through a private placement of common stock. A minimum investment of $10,000 is required from individual investors. At the time of its SEC filing, the company had already raised $1.2 million from 27 accredited investors. The investment banking and securities company intends to use the proceeds from the offering for working capital, construction of office facilities, and the purchase, rental and installation of machinery and equipment. For more information call John Milling (President/Director) 201-313-1600

I.D. Systems Inc. of Hackensack, N.J., is raising $8 million through a private placement of common stock. No minimum investment is required. At the time of its SEC filing, the company had already raised $6.57 million from 15 accredited investors. The provider of end-to-end wireless asset management solutions intends to use the proceeds from the offering for working capital. For more information call Jeffrey Jagid (Director/Beneficial Owner) 201-670-9000

Coley Pharmaceutical Group Inc. of Wellesley, Mass., is raising $8 million through a Series E preferred stock financing. A minimum investment of $1,000 is required. At the time of its SEC filing, the company had already raised $7 million from 49 accredited investors. The biotechnology company, which develops products for the prevention and treatment of human diseases, intends to use the proceeds from the offering for working capital. For more information call Arthur Krieg (Director/Beneficial Owner) 781-431-6400

Ultra-Scan Corp. of Amherst, N.Y., is raising $4.05 million through a private placement of common stock with additional warrants. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised $940,940 from 16 accredited investors. The fingerprint scanning devices firm intends to use the proceeds from the offering for working capital and the repayment of debt. For more information call Frank Keene (Director) 716-832-6269

J.A. Europe Inc. of New York is raising $4 million through a private placement of common stock. A minimum investment of $1,000 is required. At the time of its SEC filing, the company had already raised $750,000 from one accredited investor. The Internet consulting company intends to use the proceeds from the offering for working capital and acquisitions. For more information call Victor Minca (Director/Executive Officer) 212-2651-4600

All Seasons Holdings Inc. of Brockton, Mass., is raising $2 million through a securities purchase agreement of Series A convertible preferred stock. A minimum investment of $25,000 is required. At the time of its SEC filing, the company had already raised $281,005 from seven accredited investors. The provider of vending and catering services intends to use the proceeds from the offering for working capital. For more information call James Gladney (Director/ Executive Officer) 508-559-9000

Actuality Systems Inc. of Redding, Mass., is raising $1.5 million through a private placement of Series B convertible preferred stock. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised $687,500 from seven accredited investors. The developer and refiner of volumetric 3-D display technologies intends to use a majority of the proceeds from the offering for working capital. For more information call Gregg Favalora (Director/Beneficial Owner/Executive Officer) 781-944-8941

Bridgeling Software Inc. of Woburn, Mass., is raising $1.5 million through a private placement of Series A convertible preferred stock. A minimum investment of $25,000 is required. Winslow, Evans & Crocker Inc. of Boston is acting as the placement agent for $150,000 in sales commissions. At the time of its SEC filing, the company had already raised $150,000 from one accredited investor. The developer of Internet and intranet products to enhance business productivity and communications intends to use the proceeds from the offering for working capital and the acquisition of other businesses. For more information call Thomas Massie (Director/Beneficial Owner/Executive Officer) 781-376-5555

Made4Me Corp. of King of Prussia, Pa, is raising $1.35 million through a private placement of Series C convertible preferred stock. A minimum investment of $2,500 is required. At the time of its SEC filing, the company had already raised $1.12 million from 19 accredited investors. The Internet retailer of custom-made goods and services intends to use the proceeds from the offering for working capital. For more information call Albert Charpentier (Director/Beneficial Owner/Executive Officer) 610-878-9300

Digene Corp. of Gaithersburg, Md., has raised $15 million from two accredited investors through a sale of common stock. No minimum investment was required. The developer of proprietary gene-based tests for the screening, monitoring and diagnosis of human diseases intends to use the proceeds from the offering for working capital. For more information call Evan Jones (Director/Beneficial Owner/Chief Executive Officer) 301-944-7000

FreedomPay Inc. of Wayne, Pa., has raised $6 million from three accredited investors through a placement of Series B preferred stock. In a separate offering, the company raised $2 million from three accredited investors. A minimum investment of $10,000 was required on both placements. The developer and marketer of cash-free payment systems intends to use the proceeds from both offerings for working capital. For more information call Thomas Durovsik (Executive Officer /Director/Beneficial Owner) 610-902-9000

BiznessOnline.com Inc. of Wall, N.J., has raised $5.1 million from one accredited investor through a private placement of senior preferred stock and warrants for common stock. No minimum investment was required. The Internet service provider intends to use the proceeds from the offering for the repayment of debt and working capital. For more information call Mark E. Munro (Executive Officer /Director/Beneficial Owner) 732-280-6408

Passlogix Inc. of New York has raised $3 million from seven accredited investors through a Series D preferred stock and warrant financing. A minimum investment of $1,000 was required. The company, which develops and manufactures computer networking software intends to use the proceeds from the offering for working capital. For more information call Marc Boroditsky (Director/Executive Officer) 212-825-9100

Back to top


South

Salion Inc. of Austin, Texas, is raising $10 million through a sale of Series B preferred stock and issuance of warrants to purchase preferred stock. No minimum investment is required. At the time of its SEC filing, the company had already raised $3.5 million from five accredited investors. The developer of software for custom suppliers intends to use the proceeds from the offering for working capital. For more information call Richard Hahn (Executive Officer/Director) 512-476-1885

Transt Technologies Inc. of Southlake, Texas, is raising $6.1 million through a private placement of Series A preferred stock. No minimum investment is required. At the time of its SEC filing, the company had already raised $4.04 million from six accredited investors. The provider of Internet access solutions intends to use the proceeds from the offering for working capital. For more information call John Baker (Executive Officer/Director/Beneficial Owner) 817-481-4412

NetTalon Security Systems Inc. of Fredericksburg, Va., is raising $6 million through a private placement of common stock. A minimum investment of $8,000 is required. At the time of its SEC filing, the company had already raised $528,000 from 35 accredited and non-accredited investors. The manufacturer and seller of Internet-based advanced security and fire protection systems intends to use the proceeds from the offering for working capital, salaries, fees and the construction or leasing of plant buildings and facilities. For more information call James Byrne (Executive Officer/Director/Beneficial Owner) 877-638-8256

Troux Technologies Inc. of Austin, Texas, is raising $4 million through a Series A preferred stock financing. No minimum investment is required. At the time of its SEC filing, the company had already raised $1 million from two accredited investors. The software company intends to use the proceeds from the offering for working capital. For more information call Gerald Weghorst (President/CEO) 512-536-6274

ZeoSync Corp. of West Palm Beach, Fla., is raising $1.5 million through a private placement. A minimum investment of $5,000 is required. Champion Partners & Associates Inc. of Orange, Calif., is acting as the placement agent for $330,000 in sales commissions. At the time of its SEC filing, the company had already raised $60,000 from two accredited investors. The researcher and developer of proprietary technology for transmitting data over the Internet intends to use the proceeds from the offering for working capital, the repayment of debt, salaries and fees. For more information call Peter St. George (Executive Officer/Director/Beneficial Owner) 561-805-9094

Cirronet Inc. of Norcross, Ga., is raising $1.34 million through a convertible securities financing. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised $1 million from four accredited investors. The developer of broadband wireless access solutions intends to use the proceeds from the offering for investments in equity securities. For more information call Robert Gemmell (Director/CEO) 678-684-2000

Meetrix Inc. of Houston is raising $1 million through a private placement of Series A convertible preferred stock. A minimum investment of $25,000 is required. At the time of its SEC filing, the company had already raised $770,009 from 16 accredited investors. The Internet video-conferencing service provider intends to use the proceeds from the offering for working capital, the purchase of real estate, the construction or leasing of plant buildings and facilities and the acquisition of other businesses. For more information call Kerreth Brooks (CEO/Director/Beneficial Owner) 713-462-5565

MetricVision Inc. of Newington, Va., is raising $2 million through a Class C-2 convertible preferred stock financing. A minimum investment of $4,000 is required. The provider of factory automation tools that deliver non-contract, precision 3-D measurements for the lab and the plant floor intends to use the proceeds from the offering for working capital. For more information call Peter Howard (President) 703-550-2945

Back to top


Midwest

Maple Leaf Financial Inc. of Newbury, Ohio, has raised $6 million from 24 accredited and non-accredited investors through a private placement of Class A common stock and warrants to purchase common stock. A minimum investment of $18,000 was required. Capital Market Securities Inc. of Dover, Ohio acted as the placement agent for $235,000 in management and supervisory fees. The unitary thrift holding company and parent company of Geauga Savings Bank intends to use the proceeds from the offering for working capital and the repayment of debt. For more information call Betty Kimbrew (President) 440-546-9441

Back to top


West

Neoteris Inc. of Sunnyvale, Calif., is raising $15 million through a Series B preferred stock financing. A minimum investment of $1,180 is required. At the time of its SEC filing, the company had already raised $14.75 million from nine accredited investors. The Internet software and services firm intends to use the proceeds from the offering for working capital. For more information call Sampath Sriniva (Executive Officer/Director/Beneficial Owner) 408-617-0400

Steel Horse Holdings Inc. of Irvine, Calif., is raising $14.37 million through a private placement of common stock. No minimum investment is required. At the time of its SEC filing, the company had already raised $8.3 million from one accredited investor. The holding company intends to use the proceeds from the offering for working capital, the acquisition of other businesses and the repayment of debt. For more information call Bruce Lipian (Assistant Secretary) 949-752-4580

Alternative Technology Resources Inc. of Sacramento, Calif., is raising $12 million through a private placement of common stock. A minimum investment of $5,000 is required. At the time of its SEC filing, the company had already raised $421,250 from one accredited investor. The developer and operator of an exchange for health-care services intends to use the proceeds from the offering for working capital. For more information call Jeffrey McCormick (Director/Executive Officer) 916-231-0400

Advanced H2O Inc. of Bellevue, Wash., is raising $7 million through a Series B financing. No minimum investment is required. Clarion Capital Holdings LLC of Wellesley, Mass., is acting as the placement agent for $150,000 in sales commissions. At the time of its SEC filing, the company had already raised $500,000. The systems design company intends to use the proceeds from the offering for working capital, the construction, purchase, rental or leasing and installation of machinery, equipment, plant buildings and facilities and repayment of debt. For more information call Robert Abramowitz (Director/Beneficial Owner/Executive Officer) 425-746-8100

B4UTrade Corp. of San Francisco is raising $2 million through a private placement of Series C preferred stock. A minimum investment of $1,000 is required. At the time of its SEC filing, the company had already raised $906,735 from 19 accredited investors. The online financial information provider intends to use the proceeds from the offering for undisclosed purposes. For more information call Keith Savitz (Director/Chief Executive Officer) 415-344-0246

StorageASP Inc. of Sunnyvale, Calif., is raising $1.69 million through a Series B preferred stock financing. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised $1.68 million from 11 accredited investors. The business-to-business application service provider intends to use the proceeds from the offering for working capital. For more information call Wayne Kim (President) 408-747-0300, ext. 222

Samba Holdings Inc. of Albuquerque, N.M., is raising $1.68 million through a private placement of common stock. A minimum investment of $30,000 is required. At the time of its SEC filing, the company had already raised $130,000 from four accredited investors. The provider of Internet technology that enables businesses to transact with governments and access government databases intends to use the proceeds from the offering for working capital, machine redesign, consultant’s fees and expenses. For more information call Greg Miller (Executive Officer/Director/Beneficial Owner) 505-797-2622

JNS Marketing Inc. of Long Beach, Calif., is raising $1 million through a placement of common stock. A minimum investment of $12,500 is required from individual investors. West America Securities Corp. of Westlake Village, Calif., is acting as the placement agent for $70,000 in sales commissions. The independent physician association management company intends to use the proceeds from the offering for working capital and marketing costs. For more information call Jose Gonzalez (Executive Officer/Director/Beneficial Owner) 562-997-4420

AquaAir Technologies Inc. of Woods Cross, Utah, is raising $1 million through a private placement of common stock. A minimum investment of $2,500 is required. The provider of wholesale appliances intends to use the proceeds from the offering for the construction of plant buildings and facilities, the purchase, rental or leasing and installation of machinery and equipment, working capital, operating expenses and inventory. For more information call Thomas Murphy (Executive Officer/Director) 801-296-1966

Covigo Inc. of Santa Clara, Calif., has raised $6.5 million from six accredited investors through a Series A preferred financing and convertible common stock. No minimum investment was required. The wireless telecommunications software application provider intends to use the proceeds from the offering for working capital. For more information call Stuart Bagshaw (Chief Executive Officer) 408-566-4100

Back to top