Regional Roundup – West

Vertical Computer Systems Inc. of Los Angeles is raising $10.25 million through a private placement of common stock including warrants to buy common stock. A minimum investment is not required. The e-commerce solutions provider intends to use the proceeds from the offering for working capital.

Bon Manage Inc. of Bothell, Wash., is raising approximately $5.04 million through a private placement of common 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 $23,000 from one accredited investor. The manufacturer of oral health products intends to use the proceeds from the offering for working capital.

Gluon Networks Inc. of Petaluma, Calif., is raising $4 million through a private placement of Series convertible securities. At the time of its SEC filing, the company had already raised just over $2 million from two accredited investors. The telecommunications equipment manufacturer intends to use the proceeds from the offering for equipment installation, marketing, inventory purchase, Web development, repayment of indebtedness and working capital.

Complexions Rx Inc. of La Jolla, Calif., is raising approximately $3.21 million through a private placement of common stock and Series A preferred stock. A minimum investment of $1.05 million is required on the placement. At the time of its SEC filing, the company had already raised just over $1.41 million from 10 accredited investors. The cosmetics company intends to use the proceeds from the offering for working capital.

Protein Polymer Technologies Inc. of Campbell, Calif., is raising approximately $3 million through a private placement of Series H preferred stock and common stock with warrants. There is a minimum investment of approximately $15,000 required. At the time of its SEC filing, the company had already raised approximately $1.22 million from two accredited investors. The biotechnology research and development company intends to use the proceeds from the offering for the repayment of indebtedness and working capital.

Videolocity International Inc. of Park City, Utah, is raising $2.5 million through a private placement of Series B preferred stock with voting rights. A minimum investment of $5,000 is required. The business intends to use the proceeds from the offering for working capital.

Caresoft Inc. of Sunnyvale, Calif., is raising approximately $1.71 million through a private placement of convertible securities including warrants. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised $1 million from one accredited investor. The developer of technologies for health management intends to use the proceeds from the offering for working capital.

Kinetikos Medical Inc. of San Diego is raising $1.5 million through a private placement of Series C preferred stock. A minimum investment of $25,000 was required. At the time of its SEC filing, the company had already raised $487,700 from five accredited investors. The designer and producer of medical implants, which focus exclusively on the extremities, intends to use proceeds from the offering for working capital and the repayment of indebtedness.

Powerball International Inc. of West Valley City, Utah, is raising approximately $1.01 million through a private placement of Series C preferred stock. A minimum investment of $10,000 was required. Growth Capital Solutions LLC of New York is acting as the agent on the placement for an undisclosed commission. The researcher and marketer of hydrogen generation technology and products intends to use proceeds from the offering for working capital and the purchase, rental or leasing and installation of machinery and equipment.

The OZ Entertainment Co. of Los Angeles is raising $1 million through a private placement of convertible securities. A minimum investment of $1,000 is required. The entertainment and theme park development company intends to use proceeds from the offering for working capital, legal fees and other corporate purposes.

New Century Financial Corp. of Irvine, Calif., raised just over $15 million from 12 accredited investors through a private placement of common stock. A minimum investment of $104,000 was required. Friedman, Billings, Ramsey & Co. Inc. of Virginia acted as an agent on the placement for a finders’ fee of $850,962. The specialty finance company that purchases, sells and services sub-prime mortgage loans secured primarily by first mortgages on single family residences intends to use the proceeds from the offering for working capital.

Regents Bancshares Inc. of Vancouver, Wash., raised $12.5 million from 11 accredited investors through the private placement of common stock. A minimum investment was not required on the placement. The bank holding company intends to use the proceeds for working capital and investment in bank subsidiaries.

Sawyermedia Inc. of San Francisco raised just over $8.13 million from four accredited investor through a private placement of Series B convertible preferred stock. The assistant in production, management and distribution of rich media intends to use the proceeds from the offering toward the repayment of indebtedness and working capital.