East
Kitchen Etc. Inc. of Exeter, N.H., is raising $10 million through a private placement of convertible securities. At the time of its SEC filing, the company had already raised $7.6 million from 14 accredited investors. The retailer of kitchen goods intends to use the proceeds from the offering for working capital.
Talbert Fuel Systems Inc. of Allentown, Pa., is raising $10 million through a private placement of common stock. A minimum investment of $20,000 is required. The developer and marketer of natural and synthetic automobile fuels intends to use the proceeds from the offering for working capital, repayment of indebtedness and research and development.
A.C.T. Group Inc. of Worcester, Mass., is raising $8.3 million through a private placement of Series A convertible preferred stock. At the time of its SEC filing, the company had already raised $8.2 million from 34 accredited investors. The holding company focusing on the biotechnology industry intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
Insci-statements.com Inc. of Westborough, Mass., is raising $5 million through a private placement of convertible securities. At the time of its SEC filing, the company had already raised $2 million from two accredited investors. The developer and marketer of a family of integrated document management software products intends to use the proceeds from the offering for working capital.
Ontology Works Inc. of Odenton, Md., is raising $3 million through a private placement of convertible preferred stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised $100,000 from two accredited investors. The database software tool developer intends to use the proceeds from the offering for working capital.
SCRAM Technologies Inc. of Dunkirk, Md., is raising $2.43 million through a private placement of common stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised $280,000 from three accredited investors. The company intends to use the proceeds from the offering for working capital.
eNet China Inc. of Livingston, N.J., is raising $2.42 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $2.17 million from 22 accredited investors. The US holding company operating Internet portals and communities in mainland China intends to use the proceeds from the offering for working capital.
CapMed Corp. of Christiana, Del., is raising $2 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $1.5 million from one accredited investor. The developer and retailer of personal medical-related software intends to use a majority of the proceeds from the offering for working capital, salaries and fees.
World Dealer Inc. of Bridgeville, Pa., is raising $1 million through a private placement of Series A preferred stock. There is a minimum investment of $25,000 required. At the time of its SEC filing, the company had already raised $500,000 from five accredited investors. The provider of template format Web sites for automotive dealers intends to use the proceeds from the offering for working capital, salaries and fees.
Traffic.com Inc. of Wayne, Pa., raised just over $15 million from 21 accredited investors through a private placement of preferred stock. There was no minimum investment required. The Internet-based motorist information provider intends to use the proceeds from the offering for working capital.
Collego Corp. of Bedford, Mass., raised $2.5 million from 24 accredited investors through a private placement of convertible securities. There is a minimum investment of $1,000 required. The developer and seller of e-catalog applications and solutions intends to use the proceeds from the offering for working capital.
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South
DBC Financial Inc. of Atlanta is raising $12 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $463,000 from five accredited investors. The financial services company intends to use the proceeds from the offering for working capital, sales and marketing.
Newgistics Inc. of Austin, Texas, is raising $11.75 million through a private placement of Series A preferred stock. At the time of its SEC filing, the company had already raised $11 million from six accredited investors. The company, which was established to assist customers with the return of merchandise purchased over the Internet, intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
Ocius Communications Inc of Altamonte Springs, Fla., is raising $10 million through a private placement of common stock. There is a minimum investment of $25,000 required. Peter Prohaska, Paul Rangel, Steven Lynn and Scott Rhom are all acting as agents on the placement for a $1 million commission. The provider of broadband communications and digital TV intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, legal and accounting fees, transfer agents, public relations, investment advisors, marketing and working capital.
Sharp Vista Technologies Inc. of Dallas is raising $2 million through a private placement of convertible securities. A minimum investment is not required. At the time of its SEC filing, the company had already raised $1.105 million from 12 accredited investors. The developer of software to enable multi-lingual e-commerce intends to use the proceeds from the offering primarily for working capital.
NHand Solutions Inc. of Austin, Texas, is raising $1 million through a private placement of Series A convertible preferred stock. There is a minimum investment of $5,000 required. At the time of its SEC filing, the company had already raised $100,000 from five accredited investors and five non-accredited investors. The developer of innovative applications that integrate handheld technology with a client’s IT infrastructure intends to use the proceeds from the offering for the repayment of indebtedness and working capital.
Traq Wireless Inc. of Austin, Texas, raised just over $13.72 million from 18 accredited investors through a private placement of Series B preferred. There was no minimum investment required. The wireless applications provider intends to use the proceeds from the offering for working capital.
PRE Solutions Inc. of Norcross, Ga., raised approximately $13.25 million from three accredited investors through a private placement of preferred stock. There was no minimum investment required. The marketer of prepaid wireless services intends to use the proceeds from the offering for working capital.
Edge Technologies Inc. of Fairfax, Va., raised $1.52 million from 37 accredited investors through a private placement of Class B common stock. Pennsylvania Merchant Group of West Conshohocken, Pa., acted as agent on the placement for a $121,600 commission. The provider of Web-based network management solutions intends to use the proceeds from the offering for working capital.
Mayberry USA Inc. of Metarie, La., raised $1.4 million from 20 accredited investors through a private placement of common stock.
Incanta Inc. of Atlanta raised $1.2 million from eight accredited investors through a private placement of preferred convertible securities. The network provider for personalized broadband entertainment content intends to use the proceeds from the offering for working capital.
MedBiquitous Services of Austin, Texas, raised $1 million from one accredited investor through a private placement of convertible securities. A minimum investment was not required. The online community operator intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
Mediatruck Inc. of Austin, Texas, raised $1 million from one accredited investor through a private placement of Series B preferred stock. The Web-based consulting and service provider intends to use the proceeds from the offering for working capital, repayment of indebtedness, the purchase or leasing of equipment and the construction or leasing of plant facilities.
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Midwest
Cybiko Inc. of Bloomingdale, Ill., is raising $12 million through a private placement of common stock. A minimum investment of $50,000 is required. The manufacturer and retailer of hand-held gaming devices intends to use the proceeds from the offering for marketing, operations and general corporate purposes.
Returns Port.com Inc. of Indianapolis is raising $5 million through a private placement of common stock. There is a minimum investment of $10,000 required. The provider of Web-based high volume inventory management for returned products to business customers intends to use the proceeds from the offering for the construction or leasing of plant buildings and facilities, the acquisition of other businesses and working capital.
MCSi Inc. of Dayton, Ohio, raised approximately $5 million from five accredited investors through a private placement of common stock. A minimum investment was not required. The reseller of computer technology products, supplies and technical support services intends to use the proceeds from the offering for the acquisition of A.V. Associates Inc.
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West
Natural Health Link Inc. of Los Angeles is raising $16.54 million through a private placement of Series B convertible preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised $9.4 million from five accredited investors. The operator of an Internet portal specializing in alternative and preventive health care intends to use a majority of the proceeds from the offering for the repayment of subscriber loans and working capital.
Selective Genetics Inc. of San Diego is raising $10 million through a private placement of Series E preferred stocks and warrants to purchase Series D preferred stock. At the time of its SEC filing, the company had already raised $5 million from eight accredited investors. Lee Pacific Enterprises of San Diego is placing the deal. The researcher and developer of biotechnology intends to use the proceeds from the offering for working capital.
Vialight Inc. of Issaquah, Wash., is raising $10 million through a private placement of convertible securities. A minimum investment of $100,000 is required. Hoak, Breedlove, Wesneski & Co. of Dallas is acting as agent on the placement for a sales commission of $600,000. The provider of digital distribution systems intends to use the proceeds from the offering for working capital, repayment of indebtedness and the construction or leasing of facilities.
3GA Corp. of Los Angeles is raising $8 million through a private placement of Series B convertible preferred stock. At the time of the SEC filing, the company had already raised approximately $2.5 million from four accredited investors. The provider of software development services intends to use the proceeds from the offering for the acquisition of other businesses, the repayment of indebtedness and working capital.
Digital Pipe Inc. of Foster City, Calif., is raising $8 million through a private placement of Series B preferred stock. At the time of its SEC filing, the company had already raised $3.95 million from five accredited investors. The provider of streaming media business services intends to use the proceeds from the offering for working capital.
Pakana Corp. of San Francisco is raising $6.15 million through a private placement of Series A-1 preferred stock. At the time of its SEC filing, the company had already raised $5 million from 22 accredited investors. The provider of Internet consulting services intends to use the proceeds from the offering for working capital.
gLimit.com Inc. of Beverly Hills, Calif., is raising $6 million through a private placement of preferred stock. The provider of an interactive Web site for automotive enthusiasts intends to use the proceeds from the offering for working capital and repayment of indebtedness.
iArchives Inc. of Orem, Utah, is raising just over $3.29 million through a private placement of Series C senior convertible preferred stock with warrants. There is no minimum investment and Outlook Capital Corp. of Park City, Utah, is acting as an agent on the placement for a $50,100 commission. At the time of its SEC filing the company had already raised $2.22 million from four accredited investors. The software development company intends to use the proceeds from the offering for working capital, repayment of indebtedness and the construction or leasing of plant buildings and facilities.
Affinity Corp. of West Hills, Calif., is raising just over $2 million through a private placement of convertible securities. A minimum investment of $25,000 is required. At the time of its SEC filing, the company had already raised $1 million from one accredited investor. The online fraud prevention and detection business intends to use the proceeds from the offering for working capital, salaries and fees.
Trapezo Inc. of San Diego raised just over $12.2 million from 12 accredited investors through a private placement of common stock. A minimum investment was not required. The applications service provider intends to use the proceeds from the offering for working capital.
Believe Inc. of Santa Clara, Calif., raised $11.8 million from two accredited investors through a private placement of Series B preferred stock. The developer and supplier of technology solutions for the computer animation and digital entertainment industry intends to use the proceeds from the offering for working capital.
LightCross Inc. of Pasadena, Calif., raised almost $11 million from 35 accredited investors through a private placement of preferred stock. The fiber optic communications company intends to use the proceeds from the offering for the purchase or leasing of equipment, the construction or leasing of plant facilities and working capital.
Gold Systems Inc. of Boulder, Colo., raised $10.3 million from 11 accredited investors through a private placement of Series B preferred stock. The custom software developer intends to use the proceeds from the offering for working capital.
EndiCOR Medical Inc. of San Clemente, Calif., raised just over $10 million from one non-accredited investor and 15 accredited investors through a private placement of Series D convertible preferred stock. The developer of medical devices intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
ActiveSky Inc. of Redwood City, Calif., raised $9 million from 10 accredited investors through a private placement of Series B convertible preferred stock. A minimum investment was not required. The provider of wireless communications services intends to use the proceeds from the offering for working capital.
Homebid.com Inc. of Scottsdale, Ariz., raised approximately $4 million from six accredited investors through a private placement of Series B preferred stock with warrants. There was a minimum investment of $18,972. The provider of service related to Internet usage 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, the repayment of indebtedness and working capital.
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