East
Northland Pavillion of Newton, Mass., is raising $12 million through a private placement of common stock. There is no minimum investment required on the placement. At the time of its SEC filling, the company had already raised $6.08 million from 25 accredited investors. The real estate company intends to use a majority of the proceeds from the offering for working capital and the purchase of real estate.
EqualLogic Inc. of Nashua, N.H., is raising $9 million from through a private placement of Series A preferred convertible stock. There is a minimum investment of $3,000 required on the placement. Peter Hayden of Nashua is acting as the agent on the placement for an undisclosed commission. At the time of its SEC filing, the company had already raised $3.1 million from four accredited investors. The corporation, engaged in the development and sale of storage network solutions, intends to use the proceeds from the offering for working capital.
Verification Technologies Inc. of Centerbrook, Conn., is raising $8 million through a private placement of convertible preferred stock. A minimum investment of $100,000 is required on the placement. Spencer Trask Ventures Inc. of New York is acting as the agent on the placement for an undisclosed commission. At the time of its SEC filing, the company had already raised $820,000 from eight accredited investors. The developer and seller of quality control and product authentication solutions, based on proprietary laser-fluorescence technology, intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, working capital, R&D, general and administrative expenses, marketing and selling expenses.
Blue Agave Software Inc. of Boston, Mass., is raising over $7 million through a private placement of Series A convertible preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $2.02 million from six accredited investors. The developer and seller of software intends to use the proceeds from the offering for working capital, salaries and fees.
CardioFocus Inc. of Norton, Mass., is raising just over $4 million accredited through a private placement of Series C preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $2 million from one accredited investor. The researcher, developer and manufacturer of medical devices intends to use the proceeds from the offering for working capital, salaries and fees.
Unger Software Corp. of New York is raising just over $4 million accredited through a private placement of Series C preferred stock. There is a minimum investment of $100,000 required on the placement. EarlyBirdCapital Inc. of New York is acting as the agent on the placement for sales commission of $269,295. At the time of its SEC filing, the company had already raised just over $3.37 million from 54 accredited investors. The developer and marketer of computational and interactive software intends to use the proceeds from the offering for working capital including general corporate purposes.
Blue Stone Holding Corp. of New York is raising $3 million through a private placement of common stock. The company intends to use the proceeds from the offering for working capital and general corporate purposes.
Icarz Inc. of Newton, N.J., is raising just over $2.69 million through a private placement of Series B convertible preferred stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised just over $2.04 million from 14 accredited investors. The e-commerce company, specializing in the automotive parts after market, intends to use the proceeds from the offering for working capital.
Berko Productions of New York is raising $2.5 million through a private placement. There is no minimum investment required on the placement. The business, organized for the purpose of entering into joint ventures with independent production companies to own, develop, produce and commercially exploit low-to-moderate budget feature length motion pictures, intends to use the proceeds from the offering primarily for working capital.
Transvision Inc. of Pittsburgh is raising just over $2 million through a private placement of common stock. There is a minimum investment of $25,000 required. Berkowitz, Pierchalski Inc. of Pittsburgh is acting as an agent on the placement for sales commissions of $150,000. At the time of its SEC filing, the company had already raised approximately $750,000 from one investor. The manufacturer and marketer of large screen displays and advertising content to retailers intends to use the proceeds from the offering for working capital, repayment of indebtedness, and purchase, rental or leasing and installation of machinery and equipment.
American Image Graphics Corp. of Gordon, Penn., is raising $1.8 million through an issuance of class A common stock. A minimum investment of $1,000 is required on the placement. The holding company intends to use the proceeds from the offering primarily for contributions to working capital of wholly-owned subsidiary and acquisition of other businesses.
Nexpub Inc. of Tarrytown, N.Y., is raising $1.5 million through an issuance of preferred stock. There was no minimum investment required on the placement. The online printing business intends to use the proceeds from the offering for working capital.
Netlink Transaction Services of Victor, N.Y., is raising $1 million through an issuance of 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 $600,000 from one accredited investor. The technology company intends to use the proceeds from the offering for working capital.
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South
Internet Access Technologies Inc. of Houston, Texas is raising just over $12 million through a private placement of common stock. A minimum investment of $1,000 is required on the placement. In a separate filing, the company raised $6.49 million from 55 accredited investors. The Internet portal service providing innovative desktop software technology intends to use the proceeds from both offerings for working capital.
Lost in the Shadows Inc. of Austin, Texas is raising $9.66 million through a private placement of common stock. A minimum investment of $10,000 is required on the placement. The developer of motion pictures intends to use the proceeds from the offering for working capital, salaries and fees, the purchase, rental or leasing and installation of machinery and equipment and the construction or leasing of plant buildings and facilities.
Medical Safety Products Inc. of Ft. Lauderdale, Fla., is raising just over $3 million through a private placement of Series A preferred stock. There is a minimum investment of $12,500 required on the placement. At the time of its SEC filing, the company had already raised $1.91 million from 35 accredited investors. The developer, manufacturer, distributor, and seller of blood taking products intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, working capital, salaries and fees.
Kalb & Peck Inc. of Dallas is raising $2 million through equity financing. There is a minimum investment of $25,000 required on the deal. The company intends to use the proceeds from the offering for working capital.
Gateway Hospitality Radford of Warranton, Va., is raising $1.53 million through the issuance and sale of common stock. There is a minimum investment of $2,958 required on the placement. At the time of its SEC filing, the company had already raised just over $191,664 from three accredited investors. The real estate investment company intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, repayment of indebtedness and working capital.
eJobs Inc. of Dallas is raising $1.2 million through a private placement of Series B preferred stock. At the time of its SEC filing, the company had already raised just over $566,372 from three accredited investors. The provider of technology enhanced staffing solutions intends to use the proceeds from the offering for repayment of indebtedness.
Scanlab Inc. of Clearwater, Fla., is raising $1 million through a private placement common stock. There is a minimum investment of $12,500 required on the placement. At the time of its SEC filing, the company had already raised just over $25,000 from one accredited investor. The importer and marketer of nutraceuticals, using chewing gum as the delivery system, intends to use the proceeds from the offering for working capital.
Visionary BioMedical Inc. of Roswell, Ga., raised $7.24 million from 29 accredited investors through a private placement of Series B preferred stock. There was no minimum investment required on the placement. The medical device intends to use the proceeds from the offering for working capital and repayment of indebtedness.
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Midwest
GDI Infotech Inc. of Ann Arbor, Mich., is raising about $4 million through a private placement 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 just over $520,000 from four accredited investors. The provider of information technology services intends to use the proceeds from the offering for working capital.
TZ Acquisition Corp. of Mayfield Heights, Ohio raised $4.53 million from 13 accredited investors through a private placement of preferred stock. There was a minimum investment of $7,000 required on the placement. The company, which manufactures, converts and sells consumable personal care, cleaning and protection products, intends to use the proceeds from the offering for working capital and repayment of indebtedness.
LCP Holding Co. of Mayfield Heights, Ohio, is raising $4.14 million from 10 accredited investors through a private placement of common stock. There was a minimum investment of $10,000 required on the placement. The company, which sells commercial truck and van bodies and related products throughout the U.S., intends to use the proceeds from the offering repayment of indebtedness.
Intranasal Technology Inc. of Chicago raised $2.88 million from 19 accredited investors through a private placement of common stock.The company internds to use the proceeds from the offering for working capital.
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West
SolarFlare Communications Inc. of Irvine, Calif., is raising $14.32 million through a private placement of Series A preferred stock and convertible securities. There is no minimum investment required. At the time of its SEC filing, the company had already raised just over $12.3 million from 10 accredited investors. The developer of communication products intends to use the proceeds from the offering for working capital.
Deltagen Inc. of Menlo Park, Calif., is raising just over $11 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 $6.58 million from 21 accredited and 18 non-accredited investors. The developer and marketer of genomics-based information, products and programs, for use in pharmaceutical and biotechnology drug and product development, intends to use the proceeds from the offering for the acquisition of other businesses.
ReleaseNow.com Corp. of San Carlos, Calif., is raising $1.78 million through a private placement of Series A preferred stock. There is a minimum investment of $5,000 on the placement. At the time of its SEC filling, the company had already raised $418,835 from 23 accredited investors. The provider of products and services for software developers intends to use the proceeds from the offering for working capital.
Redmond Venture Inc. of Redmond, Wash., is raising $1.5 million through a private placement of common stock and Series A preferred stock. At the time of its SEC filing, the company had already raised just over $975,000 from seven accredited investors. A minimum investment is not required on the placement. The company intends to use the proceeds from the offering for working capital.
Nexcura Inc. of Seattle, Wash., is raising $1 million through a private placement of convertible securities. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $500,000 from one accredited investor. The company intends to use the proceeds from the offering for working capital.
iMove Inc. of Portland, Ore., is raising $1 million through a private placement of common stock. A minimum investment of $5,000 is required on the placement. At the time of its SEC filing, the company had already raised $990,239 from seven accredited investors. The developer of cameras intends to use the proceeds from the offering for working capital.
Uniscape Inc. of Sunnyvale, Calif., raised $15.11 million from 19 accredited investors through a private placement of Series D preferred stock. A minimum investment of $100,000 was required on the placement. The provider of e-business globalization solutions intends to use proceeds from the offering for working capital.
ZeBU Inc. of San Francisco raised $12.62 million from two accredited investors through Series G preferred stock and convertible securities financing. The independent retail marketer of term-life insurance intends to use the proceeds from the offering for working capital.
NthOrbit Inc. of San Jose, Calif., raised $7.15 million from 17 accredited investors through the private placement of Series A preferred stock and common stock. A minimum investment of $10,000 was required on the placement. The developer of real-time, supply-chain software intends to use the proceeds for working capital.
TFC Holding Company Inc. of Los Angeles raised just over $3.62 million from 12 accredited investor through a private placement of common stock. There was a minimum investment of $1,000 required on the placement. The holding bank intends to use the proceeds from the offering toward the injection of capital to InterBusiness Bank, N.A., a wholly-owned subsidiary.
Rhtport Inc. of Irvine, Calif., raised $1.12 million from three accredited investors through the private placement of Series A preferred stock. There was a minimum investment of $5,000 required. Morgan Schiff & Co., Inc. of New York acted as the agent on the placement for sales commissions of $62,940. The Internet auction service provider intends to use the proceeds from the offering for working capital, salaries and fees.
Seascape Communications Inc. of Menlo Park, Calif., raised $1 million from one accredited investor through a private placement of Series A preferred stock. The developer of software and hardware intends to use proceeds from the offering for working capital.
Ignite! Inc. of Austin, Texas is raising $15 million through issuance and sale of Series B convertible preferred stock. There is no minimum investment required on the placement. M&N International of Taiwan, Tateyama, Hiroyuki, Yasui & Tateyama Partners Co. Ltd. of Japan, and Peak Capital of New York are acting as agents on the placement for undisclosed commissions. At the time of its SEC filing, the company had already raised $6.78 million from 19 accredited investors. The provider of educational software intends to use the proceeds from the offering for working capital, the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities.
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