East
International Group Holdings Inc. of New York is raising $7.8 million through a private placement of common stock. A minimum investment of $130,000 is required on the placement. The investment company intends to use the proceeds from the offering for the purchase of securities. For more information, callJeffrey Orenstein, manager, at (212) 980-9885.
Magnolia Broadband Inc. of Clinton, N.J., is raising $6 million through a private placement of Series B preferred stock. At the time of its SEC filing, the company had already raised $3 million from three accredited investors. The company, engaged in the business of wireless telecommunications, intends to use the proceeds from the offering for working capital. For more information, callHaim Harel,president, at (908) 735-0372.
Akcelar Inc. of College Park, Md., is raising $5 million through a private placement of common stock. There is a minimum investment of $10,000 required on the placement. At the time of its SEC filing, the company had raised $950,000 from 12 accredited investors. The developer and marketer of proprietary telecom products intends to use the proceeds from the offering for working capital, and the purchase of real estate. For more information, callAndy Chavakula, president, at (301) 935-0078.
Advanced BioNutrion Corp. of Columbia, Md., is raising $3.6 million through a private placement of series A preferred stock. A minimum investment of $100,000 is required on the placement. At the time of its SEC filing, the company had already raised $3.55 million from 11 accredited investors. The evidence-based nutritional products company intends to use the proceeds from the offering for working capital and the construction or leasing of plant buildings and facilities. For more information, callDavid Kyle, president, at (410) 730-8600.
I.A. Europe Inc. of New York is raising $2.5 million through a private placement of common stock. A minimum investment of $1,000 is required on the placement. At the time of its SEC filing, the company had already raised $1 million from one accredited investor. The company, engaged in Internet media, advertising and apparel, intends to use the proceeds from the offering for undisclosed purposes. For more information, callVictor Minca, CEO, at (212) 618-1801.
United Communications Hub Inc. of Norwalk, Conn., is raising $2 million through a private placement of Series A convertible securities. A minimum investment of $10,000 is required on the placement. Salomon Grey Financial Corp. of Dallas is acting as the agent on the placement for sales commissions of $200,000. At the time of its SEC filing, the company had already raised $1 million from 24 accredited investors. The company, engaged in the development and commercialization of telecommunications networks, intends to use the proceeds from the offering for construction or leasing and installation of machinery and equipment, repayment of debts, marketing, and working capital. For more information, callLarry Wilcox,CEO, at (626) 683-3353.
Essex Corp. of Columbia, Md., raised $1.5 million from two accredited investors through the sale of common stock. The engineering and scientific services intends to use the proceeds from the offering for working capital. For more information, callJoseph Kurry, CFO, at (301) 939-7000.
SmartPros Ltd. of Hawthorne, N.Y., raised $1.5 million from 42 accredited investors through an offering of series A preferred stock. There was a minimum investment of $1,000 required on the placement. The provider of distance learning and e-learning products intends to use the proceeds from the offering for working capital. For more information, callAllen Greene, CEO, at (914) 345-2620.
Animation Technologies Inc. of Boston raised $1.3 million from two accredited investors through the sale of Series B preferred stock. The designer and creator of computer animation intends to use the proceeds from the offering for the repayment of debt, and working capital. For more information, callLawrence Collins, president, at (617) 723-6040.
Lumeta Corp. of Somerset, N.J., raised $1 million from six accredited investors through the sale of convertible securities. The provider of corporate network management and security services intends to use the proceeds from the offering for working capital, and to purchase convertible securities. For more information, callJanet Coddington,CFO, at (732) 357-3500.
Aperture Technologies Inc. of Stamford, Conn., raised $1 million from five accredited investors through the private placement of series A redeemable convertible preferred stock. There was a minimum investment of $75,000 required on the placement. The provider of enterprise software solutions that enable organizations to strategically manage their business infrastructure intends to use the proceeds from the offering for working capital. For more information, callJohn Stopper,CEO, at (203) 357-0800.
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South
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 on the placement. At the time of its SEC filing, the company had already raised $782,000 from 50 accredited and non-accredited investors. The manufacturer and seller of Internet-based security and fire protection system intends to use the proceeds from the offering for the construction or leasing of plant buildings and working capital. For more information, callRonald Dubois, CFO, at (512) 681-2362.
Replicon Technologies Inc. of Birmingham, Ala., is raising $5.43 million through a private placement of series A-3 preferred stock. A minimum investment of $85,000 is required on the placement. At the time of its SEC filing, the company had already raised $3.52 from four accredited investors. The biotech company intends to use the proceeds from the offering for working capital. For more information, callAnthony Maida, CEO, (205) 870-4811.
Transcoastal Corp. of Plano, Texas is raising $4.64 million through a Series A preferred stock offering. At the time of its SEC filing, the company had already raised $1.99 million from 34 accredited investors. The developer and manufacturer of a secondary oil recovery systems to enhance production on new and existing oil and gas properties intends to use proceeds from the offering for working capital. For more information, callStuart Hagler, president, at (972) 818-0720.
The Kumite Inc. of Columbia, S.C., is raising $1.75 million through a common stock offering. A minimum investment of $5,000 is required. At the time of its SEC filing, the mind-and-body company had already raised $1.24 million from 81 accredited investors. The developer and marketer of performance evaluation and training software products and rehabilitation products intends to use proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment and working capital. For more information, callDexter Kennedy, president, at (803) 788-5477.
Remodelers Guild Corp. of Richmond is raising $1 million through a common stock offering. A minimum investment of $25,000 is required on the placement. At the time of its SEC filing, the company had already raised $175,000 from accredited investors. The developer and promoter of methods for enhancing the value of home remodeling businesses intends to use proceeds from the offering for working capital. For more information, callRichard Grossberg, CEO, at (804) 440-1200.
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Midwest
Cosmopolitan Exchange Corp. of Franklin, Wis., is raising $5 million through the sale of common stock. A minimum investment of $30,000 is required on the placement. At the time of its SEC filing, the company had already raised $45,000 from three accredited investors. The designer, manufacturer and marketer of electric shoes, garments and personal electronics, intends to use the proceeds from the offering for working capital, and the repayment of debt. For more information, callJohn Sarich, president, at (414) 427-8649.
Francorp Capital Inc. of Olympia Fields, Ill., is raising $7.5 million through a private placement of common stock. A minimum investment of $12,500 is required. At the time of its SEC filing, the company had already raised $112,500 from two accredited investors. The company, organized to invest in the development and expansion of franchise companies, intends to use the proceeds from the offering for the repayment of debt, working capital, construction or leasing of plant buildings and facilities. For more information, callLloyd Epstein, president, at (800) 877-1103.
Penstar Corp. of Minneapolis is raising $3 million through common stock financing. A minimum investment of $22,500 is required. Miller Johnson Steichen Kinnard Inc. and D&R Financial Corp. of Minneapolis are acting as agents on the placement for 10% sales commission. The company, engaged in developing and marketing new wall construction techniques, intends to use the proceeds from the offering for working capital, marketing, product development/ and the construction or leasing of plant buildings and facilities. For more information, callJohn Spakousky, president, at (763) 315-9342.
Ultravisual Medical Systems Corp. of Madison, Wis., raised $2.72 million from 34 accredited investors through a common stock financing. The software development company intends to use proceeds from the offering for working capital. For more information, callKark Gehring, chief executive officer and president at (608) 256-7775.
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West
Centaur Pharmaceuticals Inc. of Santa Clara, Calif., is raising $12.46 million through the issuance of convertible securities, including warrants. At the time of its SEC filing, the company had already raised $2.73 million from 13 accredited investors. The company, engaged in pharmaceutical research and development, intends to use the proceeds from the offering for working capital and the repayment of debt. For more information, callDushyant Pathak,senior vice president, at (408) 822-1600.
Berkeley HeartLab Inc. of Burlingame, Calif., is raising $8 million through a series C preferred stock financing. At the time of its SEC filing, the company had already raised $7.89 million from 41 accredited and non-accredited investors. The biotech company intends to use the proceeds from the offering for working capital. For more information, callWarren Ambrose,chief financial officer, at (650) 697-4500.
Cbyon Inc. of Mountain View, Calif., is raising $7.08 million through series B preferred stock and convertible securities financing. A minimum investment of $35,220 is required on the placement. At the time of its SEC filing, the company had already raised $6.54 million from four accredited investors. The marketer and developer of computer-enhanced visualization and navigation software intends to use the proceeds from the offering for working capital. For more information, callArman Pahlavan,secretary, at (650) 691-4000.
Tescient Inc. of San Mateo, Calif., is raising $6 million through Series A preferred stock financing. At the time of its SEC filing, the company had already raised $4.5 million from one accredited investor. The researcher intends to use the proceeds from the offering for working capital. For more information, callIlan Lovinsky,asst. secretary, at (650) 868-4676.
Volu-Sol of Salt Lake City is raising $5 million through series A preferred stock financing. A minimum investment of $250,000 is required. Investec Ernst & Co. is acting as the agent on the placement for $400,000. At the time of its SEC filing, the company had already raised $3.09 million from 53 accredited investors. The company, which does business under the name Remote Medical Diagnostics, is a medica-based, remote safety, health monitoring and diagnostic services company. It intends to use the proceeds from the offering for the repayment of debt, the acquisition of other businesses and working capital. For more information, callMichael Acton,secretary, at (801) 908-7766.
Tri Vium Systems Inc. of Portland, Ore., is raising $5 million through preferred stock offering. A minimum investment of $50,000 is required on the placement. At the time of its SEC filing, the company had already raised $2.5 million from two accredited investors. The developer and marketer of customer relationship management software intends to use the proceeds from the offering for working capital. For more information, callMathew Manaloor, president, at (503) 439-9338.
Virtio Corp. of Campbell, Calif., is raising $5 million through Series C preferred stock financing. At the time of its SEC filing, the company had already raised $666,667 from 14 accredited investors. The software company intends to use the proceeds from the offering for working capital. For more information, callMatthew Quilter, secretary, at (408) 341-0844.
Buyer United Inc. of Bluffdale, Utah is raising $2.5 million through a private placement of common stock warrants, and series B preferred stock. A minimum investment of $10,000 is required on the placement. VFinance Investments Inc. of Red Bank, N.J., is acting as the agent on the placement. At the time of its SEC filing, the company had already raised $400,000 from three accredited investors. The telecommunications company intends to use the proceeds from the offering for the purchase of consumer accounts and working capital. For more information, callPaul Jarman, COO, at (801) 320-3300.
Avere Inc. of Palo Alto, Calif., is raising $1.74 million investor through a series A-2 preferred stock financing. At the time of its SEC filing, the company had already raised $1.32 million from 11 accredited investors. The company, engaged in the business of application software, intends to use the proceeds from the offering for general corporate purposes and working capital. For more information, callIssac Vaughn, asst. ssecretary, at (650) 213-2853.
Malibu Networks Inc. of El Dorado Hills, Calif., is raising $1.7 million through convertible securities financing. At the time of its SEC filing, the company had already raised $812,902 from 14 accredited investors. The developer of wireless Internet connectivity hardware and software intends to use proceeds from the offering for working capital. For more information, callSalvatore Benti, CEO, at (916) 931-8777.
E Team Inc. of Canoga Park, Calif., raised $5.75 million from two accredited investors through a series C preferred stock, and convertible securities financing. The company, engaged in software and emergency response coordination, intends to use the proceeds from the offering for the repayment of debt and working capital. For more information, contactMatt Walton, president.
IM Networks Inc. of Mountain View, Calif., raised $5.11 million from three accredited investors through a series B preferred stock financing. The provider of Internet tuning solutions intends to use the proceeds from the offering for working capital. For more information, callMichael Sullivan, secretary, at (707) 591-9378.
US Search.com Inc. of Los Angeles raised $4.65 million from 27 accredited investors through a series C preferred stock financing. A minimum investment of $25,000 was required on the placement. The online search company intends to use the proceeds from the offering for working capital. For more information, callKarol Pollock, secretary, at (310) 302-6300.
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