Regional Roundup 7-16-01

East

NewsGrade Corp. of New York is raising approximately $11.53 million through a private placement of common stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised just over $133,350 from 11 accredited investors. The distributor and producer of financial information via the Internet intends to use the proceeds from the offering for working capital.

Installation Included Inc. of New York is raising $8 million through a private placement of preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised approximately $3.1 million from six accredited investors. The provider of information systems, consulting and custom software development services relating to the home construction industry intends to use the proceeds from the offering for working capital.

Kirusa Inc. of Berkeley Heights, N.J., is raising $5 million through a private placement of Series A preferred stock and convertible securities. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised approximately $3.16 million from 11 accredited investors. The Internet business intends to use the proceeds from the offering for working capital and salaries and fees.

Stemron Corp. of Rockville, Md., is raising $3.6 million through a private placement of Series A convertible preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised approximately $2.77 million from three accredited investors. The company engaged in the discovery, development and commercialization of non-fertilized stem cell therapies intends to use the proceeds from the offering for working capital.

Higher One Inc. of New Haven is raising $6 million through an issuance of Series B convertible preferred stock. At the time of its SEC filing, the company had already raised approximately $220,000 from five accredited investors. The provider of online services and e-commerce intends to use the proceeds from the offering for the repayment of indebtedness and working capital.

Advanced Back Technologies Inc. of Syosset, N.Y., raising $1 million through a private placement of common stock. There is a minimum investment of $5,000 required. At the time of its SEC filing, the company had already raised approximately $25,000 from one non-accredited and two accredited investors. The medical equipment designer intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, the repayment of indebtedness, working capital and production inventory.

Riva Commerce Inc. of Washington is raising $1 million through an issuance of Series A preferred stock and convertible securities. A minimum investment of $10,000 is required on the offering. At the time of its SEC filing, the company had already raised approximately $192,645 from five accredited investors. The provider of supply chain management software and consulting services intends to use the proceeds for working capital.

Thinking Investments Inc. of Waltham, Mass., raised $10.2 million from 14 accredited investors through a private placement of Class B preferred stock. The provider of financial services over the Internet intends to use the proceeds from the offering for working capital.

Opinion Research Corp. of Skillman, N.J. raised $10 million from two accredited investors through a private placement of common stock and Series B preferred stock and warrants to purchase common stock. The provider of market research and information services intends to use the proceeds from the offering for the acquisition of other businesses.

Alexus International Inc. of Gaithersburg, Md., raised $7.5 million from three accredited investors through a private placement of Series A convertible preferred stock. There was no minimum investment required on the placement. The Internet service provider intends to use the proceeds from the offering for working capital.

Availant Inc. of Cambridge, Mass., raised $5.5 million from six accredited investors through a private placement of Series A convertible preferred stock. The Internet content provider intends to use the proceeds from the offering for working capital and marketing expenses.

Perkin Elmer Inc. of Wellesley, Mass., raised $4.44 million from 20 accredited investors through a private placement of convertible securities. A minimum investment was not required on the placement. The high technology company operating in life sciences, optoelectronics, instruments and fluid sciences intends to use the proceeds from the offering for working capital.

Wall Street Rarities Group Inc. of New York raised $3.5 million from four accredited investors through a private placement of Series C preferred stock. There was no minimum investment required. The online retailer of rare coins, paper money and other collectibles intends to use the proceeds from the offering for working capital.

Fibertech & Wireless Inc. of Morristown, N.J., raised over $3.05 million from 60 accredited investors through a private placement of Class A common stock. A minimum investment of $100,000 was required. The manager of telecommunications and fiber optic technology companies intends to use the proceeds from the offering for working capital and the acquisition of other businesses.

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South

Terion Inc. of Melbourne, Fla., is raising $15 million through a private placement of convertible securities. There is no minimum investment required. At the time of its SEC filing, the company had already raised $3 million from three accredited investors. The provider of two-way wireless communication services and products intends to use the proceeds from the offering for working capital.

U.S. Pawn Inc. of Houston, Texas, raised over $12 million from 24 accredited investors through a private placement of Series B-2 preferred stock. The pawn shop operator intends to use the proceeds from the offering for working capital.

Backwire.com Inc. of Alexandria, Va., raised $7.28 million from 27 accredited investors through a private placement of Series A convertible preferred stock. The provider of news and information via electronic communications networks intends to use the proceeds from the offering for working capital.

E.H. Partners Inc. of West Palm Beach, Fla., raised $5 million from one accredited investor through a private placement of preferred stock. A minimum investment of $250,000 was required. The owner and operator of a motorcycle manufacturing business intends to use the proceeds from the offering for working capital and the acquisition of other businesses.

Raindrop Geomagic Inc. of Research Triangle Park, N.C., raised $2 million from one accredited investor through a private placement Series B preferred stock. The company intends to use the proceeds from the offering for working capital and the repayment of indebtedness.

Lightport Advisors Inc. of Holiday, Fla., raised $1.76 million from three accredited investors through a private placement of common stock. A minimum investment of $250,000 was required. The provider of Internet consulting and Web design services intends to use the proceeds from the offering for working capital.

CTN Media Group Inc. of Atlanta raised $1 million from one accredited investor through a private placement of Series A convertible preferred stock. The owner and operator of a proprietary commercial television network operating on college campuses intends to use the proceeds from the offering for working capital.

Hypercosm Inc. of Cedar Hill, Texas, is raising approximately $1.1 million through a private placement of preferred stock and convertible securities. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $250,000 from one accredited investor. The developer of interactive 3D graphic applications, tools and simulations intends to use the proceeds from the offering for salaries and fees.

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Midwest

AtHowTo Inc. of Cleveland raised $4.175 million from over 37 investors through a private placement of preferred stock. The Internet content provider intends to use the proceeds from the offering for the repayment of indebtedness.

Gearworks.com of Bloomington, Minn., raised $1.18 million from three accredited investors through a private placement of convertible securities. The wireless technology solutions provider intends to use the proceeds from the offering for working capital and the repayment of indebtedness.

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West

Gluon Network Inc. of Petaluma, Calif., is raising $7 million through a private placement of preferred stock. There is a minimum investment of $5,000 required on the placement. At the time of its SEC filing, the company had already raised just over $6 million from two accredited investors. The telecommunications equipment manufacturer intends to use the proceeds from the offering for working capital.

Tradami Inc. of San Francisco is raising approximately $6.65 million through a private placement of Series A convertible preferred stock. There is a minimum investment of $500,000 required on the placement. At the time of its SEC filing the company had already raised just over $3.5 million from four accredited investors. The provider of freight shipping services intends to use the proceeds from the offering for working capital.

Keyhole Inc. of Mountain View, Calif., is raising approximately $6 million through a private placement of Series A preferred stock and common stock issuable upon conversion of such preferred stock. There is no minimum investment required. At the time of its SEC filing the company had already raised approximately $4.6 million from three accredited investors. The developer of navigation and mobile commerce mapping software intends to use the proceeds from the offering for working capital.

Syndeo Corp. of Campbell, Calif., is raising approximately $4.89 million through a private placement of Series C preferred stock At the time of its SEC filing, the company had already raised approximately $2.64 million from seven accredited investors. The software development firm intends to use the proceeds from the offering for working capital.

ESIN Technologies Corp. of Seattle is raising approximately $3 million through a Series A-1 preferred stock financing. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised approximately $2 million from four accredited investors. The e-commerce and entertainment amenity systems for in-patients of hospitals intends to use the proceeds from the offering for the working capital.

Celebrate Express Inc. of Kirkland, Wash., is raising approximately $2.51 million through a private placement of preferred stock and convertible securities. At the time of its SEC filing, the company had already raised approximately $2.5 million from seven accredited investors. The party supplier intends to use the proceeds from the offering for working capital.

New Revolution Golf Inc. of Lindon, Utah, is raising $1 million through a private placement of preferred stock. There is a minimum investment of $4,000 required. At the time of its SEC filing, the company had already raised $129,000 from 15 accredited investors. The manufacturer, seller and marketer of golf equipment intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment and working capital.

Slash Support Inc. of San Jose, Calif., raised $8 million from three accredited investors through a private placement of Series D preferred stock. The Internet technical support company intends to use the proceeds from the offering for working capital.

Nutripeak.com Inc. of Los Angeles raised $6.77 million from 10 accredited investors through a private placement of Series B preferred stock. There was no minimum investment required on the placement. The online retailer of nutritional supplements intends to use the proceeds from the offering for the repayment of indebtedness and working capital.

Senomyx Inc. of La Jolla, Calif., raised approximately $6.52 million from one accredited investors through a private placement of Series D preferred stock. The biotechnology company focused on applying molecular biology to the consumer and industrial markets intends to use the proceeds from the offering for working capital.

Catalytic Solutions Inc. of Oxnard, Calif., raised $4.28 through a private placement of Series A and Series B preferred stock. The manufacturer of chemical catalysts intends to use the proceeds from the offering for working capital.

Hitplay Media Inc. of Los Angeles raised $4.07 million from 22 accredited investors through a private placement of Series B preferred stock. A minimum investment of $25,000 was required. The Internet media provider intends to use the proceeds from the offering for working capital.

ST Oil Company Inc. of Denver raised $3.1 million from nine accredited investors through a private placement of common stock. A minimum investment of $20,000 was required. The company intends to use the proceeds from the offering for working capital and the repayment of indebtedness.

BidPath.com Corp. of Bellevue, Wash., raised $2.25 million from seven accredited investors through a private placement of convertible securities and capital stock purchase warrants. There was no minimum investment required on the placement. The provider of Internet software and services for online auctioning intends to use the proceeds from the offering for working capital.

The Wright Co. of Simi Valley, Calif., raised $2.2 million from 10 accredited investors through a private placement of common stock. The provider of seminars and consultation services for business professionals intends to use the proceeds from the offering for the acquisition of other businesses.

NetSol International Inc. of Calabasas, Calif., raised approximately $2 million from one accredited investor through a private placement of common stock. The computer software development consulting company intends to use the proceeds from the offering for working capital.

Genesis Intermedia.com Inc. of Van Nuys, Calif., raised $1.5 million from two accredited investors through a private placement of common stock, including warrants. The marketing company intends to use the proceeds from the offering for working capital.

Guitar Center Inc. of West Village, Calif., raised approximately $2.1 million from one accredited investor through a private placement of common stock. There was no minimum investment required. The retailer of musical instruments intends to use the proceeds from the offering for the acquisition of other businesses.

Mallenium Solutions Inc. of Hillsboro, Ore., raised $1 million through a private placement of common stock. A minimum investment of $25,000 was required. The operator of an insurance referral Web site intends to use the proceeds from the offering for working capital and website development.

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