Regional Roundup 4-15-02

East

NanoOpto Corporation of Somerset, N.J., is raising $12 million through a private placement of Series A preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised approximately $11.9 million from 25 accredited investors. The designer and manufacturer of optical components, intends to use the proceeds from the offering for working capital. For more information, call Barry Weinbaum (CEO) 732 627-0808

Top Layer Network Inc. of Westborough, Mass., is raising $8 million through a private placement of convertible securities including warrants. There is a minimum investment of $20,340 required. At the time of its SEC filing, the company had already raised just about $3.48 million from seven accredited investors. The company, engaged in the business of computer network switches, intends to use the proceeds from the offering for working capital. For more information, call John V. McCullough, III (VP of Finance) 508-870-1300

Qusion Technologies Inc. of North Brunswick, N.J., is raising $4.65 million through a private placement of Series A preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised approximately $576,000 from six accredited investors. The marketer and manufacturer of telecommunications components intends to use the proceeds from the offering for working capital. For more information, call Phillip W. Wallace (President) 732-398-3838

Lumigent Technologies Inc. of Concord, Mass., is raising $3.5 million through a private placement of convertible securities including warrants. A minimum investment is not required. At the time of its SEC filing, the company had already raised about $3.08 million from 16 accredited investors. The software company intends to use the proceeds from the offering for working capital. For more information, call Murray S. Mazer (Vice President) 732-398-3838

TurboGenomics Inc. of New Haven, Conn., is raising $3 million through a private placement of convertible securities including warrants. There is a minimum investment of $12,500 required. At the time of its SEC filing, the company had already raised about $1.26 million from 38 accredited investors. The bioinformatics application service provider intends to use the proceeds from the offering for working capital. For more information, call Beverly E. Thalberg (Secretary/Treasurer) 203-974-0470

Oyster Optics Inc. of New York is raising $1.6 million through a private placement of preferred stock. A minimum investment of $10,000 is required on the placement. At the time of its SEC filing, the company had already raised $275,000 from three accredited investors. The company, which is looking to patent new inventions in fiber optics, and other areas, intends to use the proceeds from the offering for working capital, purchase, rental or leasing and installation of machinery and equipment, and the construction or leasing of plant buildings and facilities. For more information, call Seth R. Page (CEO) 212-614-0581

Hidden Treasures Inc. of New York is raising $1.5 million through a private placement of preferred stock. A minimum investment of $50,000 is required on the placement. At the time of its SEC filing, the company had already raised $200,000 from five accredited investors. The television production company intends to use the proceeds from the offering for working capital. For more information, call Stuart B. Rekant (CEO) 212-899-5445

Tradesource Inc. of Greenwich, Conn., raised just about $4.58 million from five accredited investors through a private placement of preferred stock and convertible securities. A minimum investment was not required on the placement. The company industry intends to use the proceeds from the offering for the repayment of indebtedness and working capital. For more information, call Patrick Treacy (Vice President) 203-629-1244

Systinet Corporation of Cambridge, Mass., raised just over $5.3 million from six accredited investors through an issuance and sale of Series A convertible preferred stock financing. There was no minimum investment required on the placement. The software developer and marketer intends to use the proceeds from the offering for working capital. For more information, call Wendell Lansford (Co- President) 617-475-1541

B2B Video Network Corp. of Rutherford, N.J., raised $2 million from 11 accredited investors through a private placement of Series A preferred stock. A minimum investment was not required on the placement. The start-up, development stage company plans to develop a unique system for delivering aggregated content through video network systems to business users on a subscription basis. It intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, salaries and fees, and working capital. For more information, call Steven Bock (COO) 201-935-4900

Hallcloset.com Inc. of Cambridge, Mass., raised just over $1.02 million from 10 accredited investors through a private placement of Series A preferred stock. A minimum investment was not required on the placement. The company, engaged in the business of Internet web hosting services, intends to use the proceeds from the offering for product development and administration. For more information, call David B. Douglas (President) 301-314-2599

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South

Norak Biosciences Inc. of Research Triangle Park, N.C., is raising $15 million through a private placement of Series B 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 $12.99 million from nine accredited investors. The scientific research company using proprietary technology that monitors the function and regulation of G protein-coupled receptors intends to use the proceeds from the offering for and working capital. For more information, call Larry E. Robbins (Secretary) 919-248-8000

Carbonyx Inc. of Plano, Texas, is raising $10 million through a private placement of Series C preferred stock. The company, engaged in the development of commercial demonstration/beta facility, intends to use the proceeds from the offering for working capital. For more information, call Dr. Siddhartha Gaur (President/CEO) 972-943-3355

eCommSecurity Inc. of Atlanta is raising just about $7 million through an issuance of Series B convertible preferred stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $1.03 million from 21 accredited investors. The provider of centrally managed Internet and network security services and related products and services intends to use the proceeds from the offering for the repayment of indebtedness, working capital and construction or leasing of plant buildings and facilities. For more information, call Robert J. Moore (CEO/Chairman) 770-216-9990

Zoom Culture Inc. of Chapel Hill, N.C., is raising just about $6 million through an issuance and sale of Series B preferred stock. A minimum investment of 25,000 is required on the placement. At the time of its SEC filing, the company had already raised just about $4.58 million from 10 accredited investors. The video streaming business intends to use the proceeds from the offering for working capital. For more information, call Robert Wittenstein (VP of Finance and Administration) 919-961-9100

eSchool.com Inc. of Austin, Texas, is raising just about $2.95 million through an issuance and sale of Class A common stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just over $550,000 from two accredited investors. The Internet-based education company intends to use the proceeds from the offering for working capital. For more information, call Paul Franz (VP of Finance) 512-682-3200

Synery III Mechanical Services Inc. of Plano, Texas, is raising $1 million through a private placement of common stock. A minimum investment of 10,000 is required on the placement. The company is in the business of industrial, commercial and residential HVAC, plumbing and mechanical services. It intends to use the proceeds from the offering for the construction or leasing of plant buildings and facilities, the purchase, rental or leasing and installation of machinery and equipment, repayment of indebtedness, working capital, training and development, and marketing. For more information, call Michael D. Erhandt (President) 972-731-7520

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Midwest

SLX Inc. of Hudson, Ohio, is raising $13.74 million through a private placement of Series A convertible preferred stock. A minimum investment is not required. At the time of its SEC filing, the company had already raised just about $13.21 million from three accredited investors. The company intends to use the proceeds from the offering for the acquisition of other businesses and working capital. For more information, call James Margulies (Secretary) 330-342-5411

Cemara Holdings Inc. of Tulsa, Okla., raised just about $7.84 million from 18 accredited investors through an issuance and sale of Class A common stock. A minimum investment was not required on the placement. The Internet-based education company intends to use the proceeds from the offering for the acquisition of other businesses, exchange of existing Series A preferred stock and working capital. For more information, call Kathleen H. Pena (President) 918-481-6613

B2BWorks Inc. of Chicago raised just about $1.45 million from two accredited investors through an issuance and sale of Class A common stock. A minimum investment was not required on the placement. The provider of Business-to-Business digital marketing and media services intends to use the proceeds from the offering for working capital. For more information, call William Furlong 312-923-7604

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West

InterSAN Inc. of Scotts Valley, Calif., is raising $15.33 million through a private placement of Series C preferred stock and convertible securities. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $1.73 million from seven accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Noel C. Melville (President) 831-430-0692

Accuray Inc. of Sunnyvale, Calif., is raising $15 million through a private placement of Series C preferred stock and convertible securities. A minimum investment is not required. At the time of its SEC filing, the company had already raised just over $1 million from one accredited investor. The software development company intends to use the proceeds from the offering for working capital. For more information, call A. Bruce Bowden (Secretary) 408-522-3740

Max-Viz Inc. of Portland is raising just over $4.95 million through the issuance and sale of Series A preferred stock. A minimum investment of $100,000 is required. Rene E. Fritz, Jacques B. Nichols, Arnette B. Johnson, and Les R. Fahey are acting as agents on the placement for findersí fees totaling $248,000. At the time of its SEC filing, the company had already raised just over $1.07 million from three accredited investors. The company, which develops electronics for use in aviation, 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 building and facilities, product development, marketing, general and administrative expenses. For more information, call Gregg. R. Fawkes (President) 503-986-3036

WorldRes.com Inc. of San Mateo, Calif., is raising just about $4 million through Series B preferred stock financing. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just about $2.5 million from four accredited investors. The enabler of online hotel reservation bookings using proprietary software and websites intends to use the proceeds from the offering for working capital. For more information, call David A. Makarechian (Secretary) 650-372-1700

Medaxis Corporation of Los Angeles is raising just about $2.01 million through Series B convertible preferred stock financing. A minimum investment of $100,000 is required. Woodside Capital Group LLC of Modesto, Calif., is acting as the agent on the placement for an $85,000 finderís fee. At the time of its SEC filling, the company had already raised just about $800,000 from two accredited investors. The developer and operator of medical-related computer services intend to use the proceeds from the offering for research and product development and associated administrative expenses. For more information, call Sia Yaghmai (President) 310-209-1030

R3 Inc. of San Diego is raising just about $1 million through a private placement of Series A preferred stock. A minimum investment of $30,000 is required. At the time of its SEC filing, the company had already raised just over $20,000 from one accredited investor. The development stage company seeking to develop and market games intends to use the proceeds from the offering for the repayment of indebtedness, marketing expenses, intellectual property expenses, and working capital. For more information, call Robert W. Dozier (President) 619-504-6881

Madagascar Mining and Petroleum Company of San Diego is raising $1 million through convertible securities financing. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just over $2,000 from one accredited investor. The company, engaged in the mining and marketing of precious and semi-precious gems, intends to use the proceeds from the offering for the acquisition of mining properties, mining, equipment and gems, salaries and fees, and working capital. For more information, call Geoffrey J. Armstrong (Corporate Secretary/ Director)

Pallion Pastaria Company of Sammamish, Wash., is raising approximately $1 million through a private placement of Series A preferred stock. A minimum investment of $51,300 is required on the placement. At the time of its SEC filing, the company had already raised just about $439,386 from 18 accredited investors. The provider of specialty food services intends to use the proceeds from the offering for the construction or leasing of plant buildings and equipment, purchase, rental or leasing and installation of machinery and equipment, working capital, and the repayment of indebtedness. For more information, call Harry F. Roberts (President/CEO) 425-557-3374

IPLocks Inc. of Santa Clara, Calif., is raising $1 million investor through Series A preferred stock financing. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $50,000 from one accredited investor. The company, which develops software and hardware for network security, intends to use the proceeds from the offering for working capital. For more information, call Miharu White (Executive Officer) 408-433-1444

In-X Corporation of Denver is raising $1.05 million through a private placement of preferred stock and convertible securities. There is a minimum investment of $50,000 required on the placement. At the time of its SEC filing, the company had already raised $300,000 from two accredited investors. The medical device company intends to use the proceeds from the offering for the repayment of indebtedness and working capital. For more information, call Charles Henry (Chairman) 303-574-3115

Geotrust Inc. of Portland has raised $10 million from five accredited investors through a private placement of Series D preferred stock. A minimum investment was not required on the placement. The developer, marketer and seller of software tools and programs to help ensure secure online transactions, intends to use the proceeds from the offering for the repayment of indebtedness and working capital. For more information, call Kirk R. Hall (Vice President) 503-235-8130

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