Regional Roundup 5/14/01

East

LocatePlus.com Inc. of Waltham, Mass., is raising approximately $16 million through a private placement of common stock. Ofiring & Co. Inc. is acting as placement agent on the offering for an undisclosed commission. At the time of its SEC filing, the company had already raised $184,660 from 33 accredited investors. The provider of information solutions to a variety of industries intends to use the proceeds from the offering for working capital.

Streamcenter Inc. of Murray Hill, N.J., is raising $10 million through a private placement of Series B preferred stock. There is no minimum investment required. Commonwealth Associates LP of New York is acting as the agent on the placement for a $300,000 commission. At the time of its SEC filing, the company had already raised approximately $5.27 million from 55 accredited investors. The developer of Internet technology with respect to audio/video delivery intends to use the proceeds from the offering for working capital and other corporate expenses.

Gomez Inc. of Waltham, Mass., is raising approximately $7 million through a private placement of Series E convertible preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised just over $5.61 million from six accredited investors. The electronic commerce research company intends to use the proceeds from the offering for working capital.

Acorn Systems Inc. of Wayne, Pa., is raising $5 million through a private placement of Series A convertible preferred stock. At the time of its SEC filing, the company had already raised approximately $2.58 million from six accredited investors. The computer software and consulting company intends to use the proceeds from the offering primarily for working capital.

Trade Access Inc. of Boston is raising $4 million through a private placement of preferred stock. At the time of its SEC filing, the company had already raised $1.75 million from three accredited investors. The software design company intends to use the proceeds from the offering for working capital.

FirstRain Inc. of New York is raising just over $3.73 million through a private placement of convertible securities and preferred stock. There is a minimum investment of $10,000 required. At the time of its SEC filing, the company had already raised $412,500 from three accredited investors. The Internet infrastructure company intends to use the proceeds from the offering for working capital, salaries and fees.

Equinox Holdings Inc. of New York is raising just over $2.8 million through a private placement of common stock. There is no minimum investment required. The operator of health and fitness clubs and spas intends to use the proceeds from the offering for working capital.

Cyberpix.com Inc. of New York is raising $2.5 million through a private placement of convertible securities and preferred stock. There is a minimum investment of $25,000 required on the placement. At the time of its SEC filing, the company had already raised $1.05 million from 14 accredited investors. The provider of Internet-based digital photography services intends to use the proceeds from the offering primarily for working capital.

HorizonLive.com Inc. of New York is raising $2.02 million from 60 accredited investors through a private placement of Class A common stock. A minimum investment is not required. At the time of its SEC filing, the company had already raised $1.02 million from five accredited investors. The creator of online distance learning software intends to use the proceeds from the offering for working capital.

Teamstaff Inc. of Somerset, N.J., raised approximately $3.5 million from one accredited investor through a private placement of Series A preferred stock and convertible securities. A minimum investment of $3.5 million was requ ired from the offering. The professional employee leasing and payroll company intends to use the proceeds for working capital.

Digital Club Network Inc. of New York raised just over $2.3 million from seven accredited investors through a private placement of common stock. There was no minimum investment required on the placement. The online broadcaster of live music intends to use the proceeds from the offering for working capital.

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South

Mekanika Inc. of Deerfield, Fla., is raising $5 million through a private placement of common stock and warrants. There is a minimum investment of $100,000 required. At the time of its SEC filing, the company had already raised $1.23 million from 66 accredited investors. The biomedical research and engineering company intends to use the proceeds from the offering for working capital, research and development and manufacturing costs.

Turfgrass America Inc. of Granbury, Texas, is raising approximately $5 million through a private placement of Series A cumulative participating convertible preferred stock. At the time of its SEC filing, the company had already raised just over $4.63 million from 38 accredited investors. The seller and installer of turf intends to use the proceeds from the offering for the repayment of indebtedness and working capital.

First Security Group Inc. of Chattanooga, Tenn., is raising $4.5 million through the issuance and sale of convertible securities and common stock. There is a minimum investment of $100,000 required. At the time of its SEC filing, the company had already raised just over $2.25 million from nine accredited investors. The bank holding company intends to use the proceeds from the offering for working capital, salaries and fees.

Extremetix Inc. of Houston is raising approximately $3 million through a private placement of preferred stock. There is a minimum investment of $25,000 required. The Internet-based event ticket delivery service intends to use the proceeds for working capital, the repayment of indebtedness and further software development.

iTendant Inc. of Atlanta is raising $1.5 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 just over $780,500 from 19 accredited investors. The developer and provider of Web-based management tools for property maintenance and service management intends to use the proceeds from the offering for working capital, the purchase, rental or leasing and installation of machinery and equipment and the construction or leasing of plant buildings and facilities.

KyroTech Inc. of West Columbia, S.C., raised $2 million from five accredited investors through a private placement of Series C-1 convertible preferred stock. Salomon Smith Barney of Columbia and Croft & Bender LLC of Atlanta acted as agents on the placement for a $100,000 commission. The company engages in the design, manufacturing and marketing of active cooling products for computer system. It intends to use the proceeds from the offering for working capital, the purchase, rental or leasing and installation of machinery and equipment and the construction or leasing of plant buildings and facilities.

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Midwest

Lusenhop & Associates Inc. of Columbus, Ohio, is raising $12.5 million through a private placement of common stock. A minimum investment of $20,000 is required. At the time of its SEC filing, the company had already raised just over $1.17 million from seven accredited investors and seven non-accredited investors. The e-business solutions provider of customer relationship management services intends to use the proceeds from the offering for the repayment of indebtedness.

GlobalNet Inc. of South Bend, Ind., is raising $6 million through a private placement of convertible securities and common stock. There was a minimum investment of $2,420 accepted from any individual. The voice-over telecommunications provider intends to use the proceeds from the offering for working capital.

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West

Vital Link.net Inc. of Bellevue, Wash., is raising $12 million through a private placement of common stock and convertible securities. A minimum investment of $30,000 is required on the placement. At the time of its SEC filing, the company had already raised approximately $841,500 from 14 accredited investors. The hardware-based health information, education and application services provider intends to use the proceeds from the offering working capital.

Slingshot Communications Inc. of Seattle is raising approximately $8.16 million through a private placement of Series A preferred stock with common stock warrants. A minimum investment of $5,000 is required. At the time of its SEC filing, the company had already raised approximately $7.51 million from 36 accredited investors. The pre-paid Internet software company intends to use the proceeds from the offering for working capital.

HighSpeed Surfing Inc. of Fremont, Calif., is raising $8 million through a private placement of preferred stock. There is a minimum investment of $100,000 required on the placement. Connecticut Capital Markets LLC of Greenwich, Conn., is acting as the agent on the placement for a $817,500 commission. At the time of its SEC filing, the company had already raised just over $1.5 million from four accredited investors. The developer, designer, marketer and supporter of proprietary technology that integrates broadband and wireless networking products on a standards-based wireless local area network intends to use the proceeds for working capital.

International Energy Consultants Inc. of Las Vegas is raising $6.75 million through a private placement. The explorer of oil and natural gas and developer of oil and gas production in the United States intends to use the proceeds from the offering for working capital.

Armacel Armor Corp. of Camarillo, Calif., is raising $3 million through a private placement of common stock. A minimum investment was not required on the placement. At the time of its SEC filing, the company had already raised $521,250 from 19 accredited investors. The designer and manufacturer of armor intends to use the proceeds from the offering for working capital, salaries and fees.

Balance Pharmaceuticals Inc. of Santa Monica, Calif., is raising just over $2.58 million through a private placement of Series D preferred stock. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised just over $1.31 million from five accredited investors. The biotechnology research and development company intends to use the proceeds from the offering for working capital.

HRPath Inc. of Alameda, Calif., is raising $2.5 million through the 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 $1.9 million from 12 accredited investors. The human resources services provider intends to use the proceeds for working capital.

MBA Polymers Inc. of Richmond, Calif., is raising approximately $2.17 million through a private placement of convertible securities and warrants. At the time of its SEC filing, the company had already raised approximately $1.55 million from 42 accredited investors. The company, which manufactures and recycles plastics, intends to use the proceeds from the offering for working capital.

Opsion Medical Inc. of San Diego is raising just over $2 million through a private placement of Series A preferred stock. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised approximately $1.17 million from 30 accredited investors. The designer of medical software intends to use proceeds from the offering for working capital, purchase or rental and installation of machinery and equipment, and construction or leasing of plant buildings and facilities.

Eurobrand Inc. of Los Angeles is raising $2 million through a private placement of common stock. A minimum investment of $20,000 is required on the placement. At the time of its SEC filing, the company had already raised approximately $691,300 from 65 accredited investors and 19 non-accredited investors. The developer, manufacturer, marketer and seller of caffeinated mints intends to use the proceeds from the offering for working capital, product development, manufacturing and marketing expenses.

PlyMedia Inc. of Seattle is raising $1.6 million through Series A preferred stock financing. There was no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $1.25 million from 16 accredited investors. The provider of component imaging technology services intends to use the proceeds from the offering for working capital.

Xtreme Webworks Inc. of Las Vegas is raising $1 million through common equity financing. A minimum investment of $10,000 is accepted on the placement. At the time of its SEC filing, the company had already raised $15,000 from one non-accredited and two accredited investors. The promoter of Internet clients through increased search engine placement intends to use the proceeds from the offering for the acquisition of other businesses, the repayment of indebtedness, working capital, purchase or rental and installation of machinery and equipment, and construction or leasing of plant buildings and facilities.

Jones & Associates Inc. of Westlake Village, Calif., has raised $8.51 million through a private placement of common stock from 29 accredited investors and 13 non-accredited investors. There was a minimum investment of $25,530 required. The financial services company intends to use the proceeds from the private placement for working capital.

IFILM Corp. Inc. of Hollywood, Calif., raised $5 million from one accredited investor through a private placement of Series E preferred stock. The distributor of online films intends to use the proceeds from the offering for working capital.

PromoBid.com Inc. of San Francisco raised $1.9 million from one accredited investor through a private placement of Series A preferred stock. There was no minimum investment required on the placement. The Internet exchange for apparel and promotional merchandise intends to use the proceeds from the offering for working capital.

Vyou Inc. of San Jose, Calif., raised approximately $1.6 million from four accredited investors through the sale of convertible securities. A minimum investment of $50,000 was required on the placement. The Internet technology company intends to use proceeds from the offering for working capital.

Oepic Inc. of Sunnyvale, Calif., raised $1 million from five accredited investors through a private placement of convertible securities and preferred stock. There was no minimum investment required on the placement. The developer of optical networking components intends to use the proceeds from the offering for working capital.

Home Building Inc. of Golden, Colo., raised $3.7 million from six accredited investors through a private placement of Series A preferred stock. There was a minimum investment of $100,000 required. The developer of semiconductors for wireless communications devices intends to use the proceeds from the offering for working capital.

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