Regional Roundup Midwest

Cosmopolitan Exchange Corp. of Franklin, Wis., is raising $5 million through the sale 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 $45,000 from three accredited investors. The designer, manufacturer and marketer of electric shoes, garments and personal electronics, intends to use the proceeds from the offering for working capital, and the repayment of debt. For more information, call John Sarich, president, at (414) 427-8649.

Francorp Capital Inc. of Olympia Fields, Ill., is raising $7.5 million through a private placement of common stock. A minimum investment of $12,500 is required. At the time of its SEC filing, the company had already raised $112,500 from two accredited investors. The company, organized to invest in the development and expansion of franchise companies, intends to use the proceeds from the offering for the repayment of debt, working capital, construction or leasing of plant buildings and facilities. For more information, call Lloyd Epstein, president, at (800) 877-1103.

Penstar Corp. of Minneapolis is raising $3 million through common stock financing. A minimum investment of $22,500 is required. Miller Johnson Steichen Kinnard Inc. and D&R Financial Corp. of Minneapolis are acting as agents on the placement for 10% sales commission. The company, engaged in developing and marketing new wall construction techniques, intends to use the proceeds from the offering for working capital, marketing, product development/ and the construction or leasing of plant buildings and facilities. For more information, call John Spakousky, president, at (763) 315-9342.

Ultravisual Medical Systems Corp. of Madison, Wis., raised $2.72 million from 34 accredited investors through a common stock financing. The software development company intends to use proceeds from the offering for working capital. For more information, call Kark Gehring, chief executive officer and president at (608) 256-7775