Regional Roundup 7-08-02

July 5 2002

East

Printcafe Software Inc. of Beverly, Mass., is raising $15.82 million through a Series F preferred stock financing. A minimum investment of $1,000 is required on the placement. At the time of its SEC filing, the company had already raised $15.64 million from four accredited investors. The provider and developer of infrastructure software and Internet-based products for the printing industry intends to use the proceeds from the offering for working capital. For more information, call Marc Olin, president and chief executive, at 412-456-3334.

Clarity Incentive Systems Inc. of New York is raising $9.38 million through a Series B convertible redeemable preferred stock financing. A minimum investment of $60,000 is required on the placement. At the time of its SEC filing, the company had already raised $575,000 from one accredited investor. The provider of e-commerce marketing, loyalty and promotional programs intends to use the proceeds from the offering for the repayment of debt. For more information, call Talbert Weeks, senior vice president and general counsel, at 212-563-4433.

TurboGenomics Inc. of New Haven, Conn., is raising $3 million through convertible securities financing. A minimum investment of $12,500 is required on the placement. At the time of its SEC filing, the company had already raised $1.76 million from 39 accredited investors. The bioinformatics application service provider intends to use the proceeds from the offering for working capital. For more information, call Beverly Thalberg, chairman, at 203-974-0470.

b-there.com corp. of Westport, Conn., is raising $2.5 million through the private placement of convertible securities. A minimum investment of $1,000 is required on the placement. At the time of its SEC filing, the company had already raised $1.9 from 13 accredited investors. The developer of event management software intends to use the proceeds from the offering for working capital. For more information, call Maryhelen Szilagyi, secretary, at 203-221-1447.

Access Integrated Technologies Inc. of Morristown, N.J., is raising $2 million through a class A convertible securities offering. At the time of its SEC filing, the company had already raised $1.82 million from 13 accredited investors. The company, engaged in building an international network of carrier-neutral co-location facilities employing state-of-the-art technologies, intends to use the proceeds from the offering for working capital, repayment of debt, and the purchase, rental or leasing and installation of machinery and equipment. For more information, call Gary Loffredo, senior vice president and general counsel, at 973-260-0080.

Intehealth Inc. of Malvern, Pa., is raising $1 million through a common stock financing. At the time of its SEC filing, the company had already raised $428,117 from 11 accredited investors. The provider of real-time patient information to physicians and other caregivers intends to use the proceeds from the offering for working capital. For more information, call Anthony McCarley, chief executive officer, at 610-889-1110.

Drug Innovation and Design Inc. of Malvern, Pa., is raising $1 million through the issuance of Series C preferred stock. At the time of its SEC filing, the company had already raised $80,000 from two accredited investors. The researcher and developer of tiviral and anticancer agents intends to use the proceeds from the offering for working capital. For more information, call Arnold Glazier, president, at 781-736-2383.

Source Enterprise Inc. of New York raised $9.71 million from one accredited investor through a preferred stock financing. A minimum investment of $10,000 was required on the placement. The company intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, the construction or leasing of plant buildings and facilities, the repayment of debt, and working capital. For more information, call David Mays, president, at 212-253-3700.

Curl Corp. of Cambridge, Mass., raised $6.72 million from 10 accredited investors through a convertible securities financing. The Internet infrastructure software company intends to use the proceeds from the offering for working capital. For more information, call Thomas R. Stiling, president, at 617-761-1200.

e-Lynxx Corp. of Chamberburg, Pa., raised $2.18 million from five accredited investors through a convertible securities and common stock offering. A minimum investment of $25,000 was required on the placement. The company, engaged in software development, intends to use the proceeds from the offering for working capital. For more information, call William Gindlesperger, chairman and chief executive, at 717-709-0990.

South

Opexa Pharmaceuticals Inc. of Houston is raising $14.38 million through a private placement of Series A preferred stock. At the time of its SEC filing, the company had already raised $7.20 million from eight accredited investors. The pharmaceutical company intends to use proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment working capital. For more information, call Michael Redman, president and chief executive officer, at 713-791-9538.

First Community Capital Corp. of Houston is raising $10.01 million through a common stock and Series A mandatory convertible preferred stock offering. At the time of its SEC filing, the company had already raised $673,575 from 15 accredited investors. The bank intends to use proceeds from the offering for working capital to acquire all of the stock of Express Bank. For more information, call Nigel Harrison, president and chief executive officer, at 281-996-1000.

etrials Inc. of Morrisville, N.C., is raising $3 million through convertible securities financing. A minimum investment of $25,000 is required on the placement. Somerset Financial Group Inc. of Princeton, N.J., is acting as the agent on the placement for $300,000 in sales commissions. At the time of its SEC filing, the company had already raised $585,000 from 15 accredited investors. The electronic clinical data retrieval company intends to use proceeds from the offering for the repayment of debt and working capital. For more information, call Howard Rice, chief financial officer, at 910-653-2000.

PlanetJam Media Group Inc. of Marietta, Ga., is raising $2.25 million through the purchase and sale of Series A preferred stock. At the time of its SEC filing, the company had already raised $596,000 from 26 accredited investors. The company intends to use proceeds from the offering for the acquisition of other businesses and working capital. For more information, call Christopher Bell, president, at 770-919-2120.

Vistyx Corp. of Dallas is raising $2 million through the purchase and sale of Series A preferred stock. A minimum investment of $10,000 is required on the placement. The retail automation solutions, IT service provider and customer care solutions for small-to-mid-size retailers, government agencies and Fortune 1000 companies intends to use proceeds from the offering for the repayment of debt and working capital. For more information, call Lynn Chianese, chairman and chief executive, at 972-755-0447.

Coollogic Inc. of Houston is raising $2 million through a Series B preferred stock financing. A minimum investment of $25,000 is required on the placement. Keane Securities Co. Inc. of New York is acting as the agent on the placement for a findersí fee of $150,000. At the time of its SEC filing, the company had already raised $300,000 from six accredited investors. The software development company intends to use proceeds from the offering for the acquisition of other businesses and working capital. For more information, call Robert Wood, president, at 972-590-5700.

Midwest

Benefit Resource Inc. of Bloomington, Minn., is raising $2.5 million through an offering of common shares. A minimum investment of $250,000 is required on the placement. The issuer intends to use proceeds from the offering for working capital. For more information, call John Thompson, president, at 952-806-6490.

CombiSep Inc. of Ames, Iowa is raising $2.5 million through a private placement of Series B voting convertible preferred stock. At the time of its SEC filing, the company had already raised $750,000 from five accredited investors. The developer of analytical testing instruments intends to use proceeds from the offering for working capital. For more information, call Shelley Coldiron, chief executive president, at 515-294-7135.

West

All Optical Networks of San Diego is raising $8 million through a Series A1 preferred stock offering. A minimum investment of $100,00 is required on the placement. Stafford Capital Management LLC of Chicago is acting as the placement agent for an undisclosed fee. At the time of its SEC filing, the company had already raised $5.55 million from 16 accredited investors. The holographic and photonic product design firm intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment and working capital. For more information, call David Lobdell, executive vice president, at 858-623-5400.

Xyron Corp. of Vancouver, Wash., is raising $7.5 million through a Series A preferred stock round. At the time of its SEC filing, the company had already raised $2.58 million from 20 accredited investors. The semiconductor designer intends to use the proceeds from the offering for undisclosed purposes. For more information, call John Peers, CEO and president, at 360-449-8800.

Lucy Activeware Inc. of Portland, Ore., is raising $6.75 million through a Series E preferred stock financing. At the time of its SEC filing, the company had already raised $5.5 million from 25 accredited investors. The designer and manufacturer of equipment for the wireless telecommunications industry intends to use the proceeds from the offering for working capital and capital expenditures. For more information, call Susanna Levin, president, at 503-222-7250.

Modulant Solutions Inc. of San Francisco is raising $6.36 million through the issuance of Series B preferred and common stock. A minimum investment of $13,143 is required on the placement. At the time of its SEC filing, the company had already raised $4.36 million from seven accredited investors. The developer and marketer of enterprise software applications, intends to use the proceeds from the offering for the repayment of debt and working capital. For more information, call Craig Wingate, president and chief executive, at 415-281-4500.

Silicon Data Inc. of Santa Clara, Calif., is raising $5.25 million through a Series B preferred stock financing. A minimum investment of $10,000 required on the placement. At the time of its SEC filing, the company had already raised $3.11 million from 17 accredited investors. The date company intends to use the proceeds from the offering for working capital. For more information, call Peter Chen, president, at 408-727-0091.

Amphus Inc. of San Jose, Calif., is raising $5.2 million through the sale of Series B preferred stock. A minimum investment of $600,000 is required on the placement. At the time of its SEC filing, the company had already raised $4.62 million from four accredited investors. The developer, marketer and distributor of server architecture and server management software intends to use the proceeds from the offering for working capital. For more information, call Henry Fung, chief executive officer, at 310-760-5000.

Kalaco Scientific Inc. of Scottsdale, Ariz., is raising $5 million through a common and preferred stock financing. A minimum investment of $30,000 is required on the placement. The supplier of computer-related services to companies intends to use the proceeds from the offering for the repayment of debt, the construction or leasing of plant buildings and facilities, working capital, related travel and testing expenses. For more information, call Raymond Wallage, chairman and chief executive, at 480-948-9209.

CallMe Solutions Inc. of Greenwood Village, Colo., is raising $4.9 million through a common 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 $939,080 from 21 accredited investors. The computer service company, which enables online businesses to communicate with Internet users in real-time, intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, expansion of sales and marketing and working capital. For more information, call George Harris, president and chief executive, at 303-221-1710.

Next Estate Communications Inc. of Pasadena, Calif., is raising $4 million through a Series B convertible preferred stock and warrants financing. At the time of its SEC filing, the company had already raised $2.2 million from 28 accredited investors. The marketing and sales of pre-paid debit cards intends to use the proceeds from the offering for working capital. For more information, call Steve Streit, president, at 626-405-4410.

Restaurant Insurance Holdings Inc. of Greenwood Village, Colo., is raising $3.5 million through a preferred stock financing. A minimum investment of $50,000 is required on the placement. At the time of its SEC filing, the company had already raised $2.92 million from 12 accredited investors. The owner and operator of an insurance underwriting management and reinsurance company intends to use the proceeds from the offering for working capital. For more information, call Paul Giunto, president, at 720-206-1811.

May Logistics Services Inc. of Santa Clara, Calif., is raising $2.9 million through a Series C preferred stock financing. At the time of its SEC filing, the company had already raised $2.52 million from three accredited and non-accredited investors. The provider of logistics warehousing and transportation services intends to use the proceeds from the offering for the repayment of debt. For more information, call Krista Hatcher, vice president and assistant secretary, at 714-994-5713.

CyberU Inc. of Santa Monica, Calif., is raising $2.25 million through a Series B preferred stock offering. A minimum investment of $10,000 is required on the placement. At the time of its SEC filing, the company had already raised $2.13 million from seven accredited investors. The provider of educational courses over the Internet through a proprietary learning management system intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, the construction or leasing of plant buildings and facilities and working capital. For more information, call Steve Simon, vice president of business affairs, at 310-581-2005.

Skybox Corp. of Boulder, Colo., is raising $1 million through a preferred stock financing. A minimum investment of $15,000 is required on the placement. At the time of its SEC filing, the company had already raised $819,164 from five accredited investors. The developer of high-speed speech recognition technology for industrial applications intends to use the proceeds from the offering for working capital. For more information, call Ivan Perez-Mendez, president, at 303-938-1110.

Planet ATE Inc. of Poway, Calif., is raising $12.25 million through a Series A preferred stock financing. At the time of its SEC filing, the company had already raised $1.66 million from 13 accredited investors. The company intends to use the proceeds from the offering for working capital. For more information, call Greg Williams, secretary, at 858-693-4278.

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