Regional Roundup East

Universal Display Corp. of Ewing, N.J., is raising $10 million through a private placement of Series B convertible preferred stock. There is a minimum investment of $10 million required. At the time of its SEC filing, the issuer had already raised approximately $5 million from one accredited investor. Gerard Klauser Mattison & Co. Inc. is acting as the agent on the placement for an undisclosed sales commissions. The provider of research, development and commercialization of organic light emitting diode technology for use in flat panel displays, lasers and light-generating devices intends to use the proceeds from the offering for working capital.

Roving Software Inc. of Needham, Mass., is raising approximately $6.18 million through a private placement of Series C convertible preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised just over $5 million from seven accredited investors. Saturn Capital Inc of Boston is acting as the agent on the placement for an undisclosed commission. The computer software developer intends to use the proceeds from the offering for the construction or leasing of plant buildings and facilities, working capital and repayment of indebtedness.

Eurpsville USA Inc. of Port Washington, N.Y., is raising $3 million through a private placement of common stock. There is a minimum investment of $30,000 required. At the time of its SEC filing, the company had already raised approximately $1.06 million from 38 accredited and non-accredited investors. KSH Investment Group Inc. of New York is acting as the agent on the placement for $240,000 commission. The seller and distributor of toys, books and CD-ROMs intends to use the proceeds from the offering for working capital and repayment of indebtedness.

InCert Software Corp. of Cambridge, Mass., is raising approximately $2 million through a private placement of Series D preferred stock and warrants. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $1 million from 12 accredited investors. The software developer, which assists organizations in maximizing e-business application availability, intends to use the proceeds from the offering for working capital.

Versient Inc. of Hunt Valley, Md., is raising $2 million through a private placement of convertible preferred stock including common stock warrants. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $1.96 million from 13 accredited investors. The Internet-based commercial printing management firm intends to use the proceeds from the offering for working capital.

Benefitdecisions.com Inc. of Hummelstown, Pa., is raising approximately $1.86 million through a private placement of Series A convertible preferred stock. There is a minimum investment of $10,000 required on the placement. At the time of its SEC filing, the company had already raised just over $400,818 from six accredited investors. The provider of technology systems and solutions involved in processing transportation transactions and information management intends to use the proceeds from the offering for working capital.

Advanced Interfaced Technologies Inc. of State College, Pa., is raising $1.75 million through a private placement of Series A preferred stock. At the time of its SEC filing, the company had already raised just over $431,000 from 12 accredited and non-accredited investors. The start-up technology company intends to use a majority of the proceeds from the offering for working capital and the construction or leasing of plant facilities.

LeMaitre Vascular Inc. of Burlington, Mass., is raising $1.25 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 $12,500 from one accredited investor. The manufacturer and seller of endovascular, catheter-based disposable medical devices, intends to use the proceeds from the offering for working capital.

SOFTRAX Corp. of Canton, Mass., is raising $1 million through a private placement of convertible securities. A minimum investment of $4,556 is required. At the time of its SEC filing, the company had already raised $880,893 from eight accredited investors. The developer, marketer and supporter of e-business infrastructure software and e-services companies intends to use the proceeds from the offering for working capital.

Light Trade Inc. of Washington raised $7 million from four accredited investors through a private placement of Class A preferred stock, notes and warrants. The company, which deploys and operates neutral pooling points that enable bandwidth delivery, intends to use the proceeds from the offering primarily for working capital.

Electronic Managed Account Technologies Inc. of Malvern, Pa., raised $2.5 million from 20 accredited investors through a private placement of common stock. The brokerage operations and managed account technology company, intends to use the proceeds from the offering for working capital.