Regional Roundup 9-9-02

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East

AngioLink Corp. of Taunton, Mass., has filed to raise $8 million through an offering of a Series B preferred stock and common stock warrants. At the time of its SEC filing, the company had already raised $2 million from one accredited investor. Boston Equity Advisors LLP of Canton, Mass., is acting as the agent on the placement for $560,000 in sales commission. The provider of medical devices intends to use the proceeds from the offering for working capital and research and development. For more information, call James Lousararian, president, at 508-880-0910.

Aspect Medical Systems Inc. of Newton, Mass., raised $10 million from one accredited investor through a common stock offering. The company, which develops, manufacturers and markets non-invasive anesthesia monitoring system, intends to use the proceeds from the offering for working capital. For more information, call J. Neal Armstrong, vice president and chief financial officer, at 617-559-7000.

Lilliputian Systems Inc. of Woburn, Mass., has filed to raise $2.6 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.56 million from seven accredited investors. A minimum investment of $5,000 was required on the placement. The company, engaged in the manufacturing and selling of refuelable portable power generators, intends to use the proceeds from the offering for working capital. For more information, call Aleksander Franz, president, at 781-935-9777.

MarketMAX Inc. of Wakefield, Mass., has filed to raise $5 million through a Series D convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.68 million from 13 accredited investors. Saturn Capital Inc. is acting as an agent on the placement for warrants to purchase common stock in sales commission. The developer of software intends to use the proceeds from the offering for working capital. For more information, call Lori Schafer, president, at 781-876-3200.

Sitara Networks Inc. of Waltham, Mass., has filed to raise $3.65 million through a Series B1 senior convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.05 million from 17 accredited investors. The company, which designs and markets a suite of networking products for communications service providers, intends to use the proceeds from the offering for working capital. For more information, call Malik Khan, executive officer, at 781-487-5900.

Juniper Financial Corp. of Wilmington, Del., raised $50 million from one accredited investor through a Series D preferred stock round of financing. The company, engaged in the credit cards business, intends to use the proceeds from the offering for working capital. For more information, call Clinton Walker, executive officer, at 302-255-8700.

biznews24.com Inc. of Bedford, N.H. has filed to raise $2 million through a Series C convertible preferred stock offering. At the time of its SEC filing, the company had already raised $20,000 from one accredited investor. The media provider that offers a wide range of video applications exclusively for the use on the World Wide Web intends to use the proceeds from the offering for working capital. For more information, contact Jack Heath, president.

METRObility Optical Systems Inc. of Merrimack, N.H., raised $3.5 million from four accredited investors through a Series A convertible preferred stock round of financing. The provider of optical networking solutions intends to use the proceeds from the offering for working capital, payment to creditor trustee, administrative expenses and priority claims. For more information, call Hong Yu, director, at 603-880-1833.

Elogex Inc. of Charlotte, N.C. raised $1 million from one accredited investor through stock purchase warrants. The provider of software and general logistics services for the transportation industry intends to use the proceeds from the offering for working capital. For more information, call Travis Parsons, president, at 704-227-1900.

Via-Net Inc. of New York has filed to raise $2.63 million through a common stock offering. A minimum investment of $100,000 is required on the placement. The company, engaged in the electronic direct access of the NYSE Floor Broker Operation, intends to use the proceeds from the offering for salaries and fees and working capital. For more information, call Michael Einersen, chief executive officer, at 212-208-1408.

Netkey Inc. of Branford, Conn., raised $5.25 million from seven accredited investors through a Series C preferred stock round of financing. The developer of software that support network infrastructure intends to use the proceeds from the offering for working capital. For more information, call Theresa Yerkes, chief financial officer, at 203-483-2888.

Viral Genomix Inc. of Philadelphia has filed to raise $1 million through a common stock offering. At the time of its SEC filing, the company had already raised $150,000 from four accredited investors. The biotech company intends to use the proceeds from the offering for working capital. For more information, call Joseph Kim, chief executive officer, at 215-823-5421

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South

HyPerformix Inc. of Austin, Texas has filed to raise $12.3 million through a Series B preferred stock and Series B-1 redeemable preferred stock round of financing. At the time of its SEC filing, the company had already raised $12 million from eight accredited investors. Friedman, Billings, Ramsey & Co. Inc. of Arlington, Va., is acting as an agent on the placement for $730,000 in sales commission. The enterprise software provider intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Noel Barnard, president and chief executive officer, at 512-425-5100.

MetaInformatics Inc. of Austin, Texas has filed to raise $500,000 through a private placement of convertible notes and warrants. At the time of its SEC filing, the company had already raised $30,000 from one accredited investor. The software developer intends to use the proceeds from the offering for working capital. For more information, call John Schmit, president, at 512-527-9288.

Voxpath Networks Inc. of Austin, Texas has filed to raise $4 million through a Series B convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.53 million from five accredited investors. The developer of the voice-over data platform intends to use the proceeds from the offering for working capital. For more information, call Ken Divikar, chief operating officer, at 512-401-8200.

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Midwest

Digital Technologies Group Inc. of Lebanon, Tenn., has filed to raise $6.375 million through the private placement of common stock and convertible securities. At the time of its SEC filing, the company had already raised $375,000 from two accredited investors. A minimum investment of $62,500 is required on the placement. Financial Securities Advisors LP and Sequoia Associates LLC are acting as placement agents for $207,500 in sales commission. The company, which manufacturers and sells digital video recording and transmission products, intends to use the proceeds from the offering for working capital and cash collateral for loan. For more information, call William Stuart, chief financial officer, at 615-444-2232.

Securities Group LLC of Memphis, Tenn., is acting as the placement agent for a sales commission of $29,700. The company, formed to develop, own and operate a positron emission tomography with integrated computed tomography scanning center in Houston, intends to use the proceeds from the offering for working capital. For more information, call Jerry Eyler, executive officer, at 615-234-7910.

Tomsten Inc. of Eden Prairie, Minn., has filed to raise $6 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $5.14 million from 33 accredited investors. A minimum investment of $100,000 is required on the placement, which can be waived. The company, engaged in retail sales of memory products, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Jann Olsten, president and chief executive officer, at 952-829-8246.

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West

ALMVS LLC of San Francisco has filed to raise $1.25 million through the private placement of membership units. At the time of its SEC filing, the company had already raised $1.18 million from 12 accredited investors. A minimum investment of $12,500 is required on the placement. The wine producer intends to use the proceeds from the offering for working capital. For more information, call Emmanuel Kemiji, managing director, at 415-552-2243.

Custom Food Products Inc. of Montebello, Calif., raised $13.06 million from six accredited investors through a Series A convertible preferred stock round of financing. A minimum investment of $50,000 was required on the placement. The provider of meat and poultry products intends to use the proceeds from the offering for acquisition of other businesses. For more information, call Erik Caspersen, chairman, at 323-727-0900.

Diligent Software Systems Corp. of Santa Clara, Calif., raised $2.5 million from four accredited investors through a Series C preferred stock round of financing. The company, engaged in Internet software, intends to use the proceeds from the offering for working capital. For more information, call Charles Jepson, director and executive officer, at 408-562-9925.

Fiberxon Inc. of Santa Clara, Calif., has filed to raise $5.5 million through a Series A preferred stock issuance. At the time of its SEC filing, the company had already raised $4.5 million from seven accredited investors. The company, engaged in development, manufacturing and sales of optical transceivers, intends to use the proceeds from the offering for working capital. For more information, call Xiao Bo Li, executive officer, at 408-988-2217.

International Network Services Inc. of Sunnyvale, Calif., raised $10 million from one accredited investor through the sale of convertible promissory notes. The provider of network consulting services intends to use the proceeds from the offering for working capital. For more information, call Montgomery Kersten, executive officer, at 650-318-1000.

Intraware Inc. of Orinda, Calif., raised $5 million from one accredited investor through the sale of common stock. The provider of technology management solutions intends to use the proceeds from the offering for working capital. For more information, call Peter Jackson, executive officer and director, at 925-253-4500.

MicroVention Inc. of Aliso Viejo, Calif., raised $18.96 million from 28 accredited investors through a Series D preferred stock round of financing. The designer, developer and manufacturer of proprietary products for the treatment of peripheral and cerebral vascular diseases intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Robert Rosenbluth, president and chief executive officer, at 949-768-1184.

nthOrbit Inc. of Santa Clara, Calif., has filed to raise $8 million through the private placement of Series A preferred stock and underlying common stock. At the time of its SEC filing, the company had already raised $6.075 million from six accredited investors. The developer of real-time supply-chain software intends to use the proceeds from the offering for working capital. For more information, call Vani Kola, president and chief executive officer, at 408-244-0091.

Rasvia Systems Inc. Sunnyvale, Calif., raised $4 million from four accredited investors through an issuance of convertible promissory notes. The data storage company intends to use the proceeds from the offering for working capital. For more information, call Ronald Lee, executive officer, at 408-737-3800.

Rioport.com Inc. raised $3.45 million from three accredited investors through an offering of convertible promissory notes. The music application provider intends to use the proceeds from the offering for working capital. For more information, call Wade Meyercord, chief financial officer, at 408-571-6200.

Sychron Inc. of Palo Alto, Calif., raised $2.46 million from 21 accredited investors through a Series C preferred stock round of financing. The database software developer intends to use the proceeds from the offering for working capital. For more information, call William McColl, director, at 650-424-9300.

Trinity Golf Inc. of Tustin, Calif., has filed to raise $2.5 million through a private placement of preferred stock. At the time of its SEC filing, the company had already raised $60,000 from three accredited investors. The company, engaged in the golf club manufacturing, intends to use the proceeds from the offering for salaries and fees, acquisition of other businesses, working capital, Web site development and commercial time. For more information, call Michael DeBenon, corporate secretary and treasury, at 888-414-4343.

Invizeon Corp. of Missoula, Mont., has filed to raise $1 million through the sale of common stock. At the time of its SEC filing, the company had already raised $187,000 from 10 accredited investors. A minimum investment of $5,000 is required on the placement. Jed Tinder of Florence, Mont. is helping to place the deal for $30,000 in sales commission. The healthcare technology company intends to use the proceeds from the offering for working capital. For more information, call David Todd, president and chief executive officer, at 406-543-4059.

Sandlot Corp. of Provo, Utah has filed to raise $5.19 million through a Series D preferred stock offering. At the time of its SEC filing, the company had already raised $1.184 million from 18 accredited investors. A provider of subscription membership and product-based order fulfillment solutions within the virtual enterprise, Sadlot intends to use the proceeds from the offering for working capital. For more information, call Jerry Vance, chief financial officer, at 801-373-2246.

Gasco Energy Inc. of Englewood, Colo., raised $6.5 million from eight accredited investors through the private offering of common stock. The company, engaged in the natural gas and petroleum exploitation and development intends to use the proceeds from the offering for working capital. For more information , call W.King Grant, executive vice president and chief financial officer, at 303-483-0044.

L2C Inc. of Atlanta has filed to raise $600,000 through the private placement of common stock. At the time of its SEC filing, the company had already raised $500,000 from eight accredited investors. A minimum investment of $25,000 is required on the placement. The provider of credit evaluation services and software for wireless communication companies intends to use the proceeds from the offering for salaries and fees and working capital. For more information, call Michael Mondelli, president and chief executive officer, at 404-601-3420.

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