Regional Roundup – 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.