regional_11_17_03

November 14 2003

East

Intelli7 Inc. of Washington has filed to raise $500,000 through a private offering of convertible promissory notes. A minimum investment of $10,000 is required on the placement. The developer of various technologies that can recognize, track and prevent sensitive data from leaving a secure network, plans to use the proceeds from the offering for salaries, fees and working capital. For more information, call H. Phillip Zakas, CEO, at 202-478-6135.

Blue Agave Software Inc. of Cambridge, Mass., has filed to raise $6 million through a Series B convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $3 million from five accredited investors. The software developer plans to use the proceeds from the offering for debt repayment and working capital. For more information, call Joseph Chappell, CEO, at 617-621-3400.

Monetrics Inc. of Beverly, Mass., raised $4.7 million from three accredited investors through a Series E convertible preferred stock round of financing. A minimum investment of $1 million was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Ray Flynn, vice president, at 978-921-4500.

Artifact Software Inc. of Baltimore raised $750,000 from four accredited investors through a private placement of secured convertible note. The software developer plans to use the proceeds from the offering for working capital. For more information, call Gregory Heard, vice president, at 410-468-2570.

VIRxSYS Corp. of Gaithersburg, Md., has filed to raise $17.3 million through a private offering of units, consisting of shares of Series D preferred stock and Series E preferred stock warrants. At the time of its SEC filing, the company had already raised $250,000 from five accredited investors. Signature Capital Securities LLC of Northfield, Ill., is helping to place an issue for $30,000 in sales commissions. The developer of gene therapies intends to use some proceeds from the offering for working capital. For more information, call Robert Ackmann, acting CEO, at 301-987-0480.

Intercede Inc. of Charlotte, N.C., has filed to raise $500,000 through a Series B convertible preferred stock round of financing. The company, which offers corporate human resources consulting and training, plans to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment and working capital. For more information, call James Shannonhouse, president, at 704-377-4000.

Teltier Technologies Inc. of Clark, N.J., raised $450,000 from five accredited investors through a private placement of non-convertible notes. The wireless applications company plans to use the proceeds from the offering for working capital. For more information, call Sharad Sharma, president, at 732-428-1500.

Research Pharmaceutical Services Inc. of Plymouth Mtg., Pa., has filed to raise $2.2 million through a private placement of 10% convertible promissory note and common stock warrants. At the time of its SEC filing, the company had already raised $1 million from three accredited investors. The provider of outsourcing and staffing services for the pharmaceutical and biotechnology industry plans to use the proceeds for working capital. For more information, call Daniel Perlman, president, at 215-540-0700.

South

AirWalk Communications Inc. of Richardson, Texas, has filed to raise $7 million through a Series A convertible preferred stock round of financing. The telecom hardware developer plans to use the proceeds for working capital. For more information, call Serge Pequeux, CEO, at 972-638-9400.

Aetos Technologies Inc. of Auburn, Ala., has filed to raise $4.4 million through a private offering of debt with common stock attached. The company, engaged in the business related to technologies licensed from Auburn University, intends to use the proceeds from the offering for salaries, fees, construction or leasing of plant buildings and facilities, and working capital. For more information, call Charles Ludwig, CEO, at 614-283-0249.

Docusys Inc. of Mobile, Ala., has filed to raise $3.5 million through a Series A-2 preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.1 million from three accredited investors. The medical products company plans to use the proceeds for working capital. For more information, call Robert Hanson, president, at 251-461-9903.

Mobular Technologies Inc. of Huntsville, Ala., raised $2 million from 20 accredited investors through a Series B preferred stock round of financing. A minimum investment of $5,000 was required on the placement. The developer of e-mail based search engine software plans to use the proceeds from the offering for salaries, fees and working capital. For more information, call Stuart Obermann, CEO, at 256-882-9011.

Ambion Inc. of Austin, Texas, raised $510,000 from six accredited investors through a private placement of common stock. The company, engaged in the RNA based life science research and molecular biology product development, intends to use the proceeds from the offering for working capital. For more information, call Rigo Vallejo, vice president, at 512-651-0200.

Motion Computing Inc. of Austin, Texas., has filed to raise $11.7 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $11.2 million from eight accredited investors. The wireless communications company intends to use the proceeds from the offering for working capital. For more information, call Scott Eckert, CEO, at 512-637-1100.

Wayport Inc. of Austin, Texas, has filed to raise $15 million through a Series F-1 and F-2 preferred stock round of financing. At the time of its SEC filing, the company had already raised $2 million from 15 accredited investors. Broadview International LLC of New York helps to place an issue for $250,000 in findersí fees. The provider of wireless high-speed Internet access in airports and hotels plans to use the proceeds from the offering for working capital. For more information, call David Hampton, CFO, at 512-519-6000.

Midwest

SmartSignal Corp. of Lisle, Ill., has filed to raise $9.5 million through a Series AA preferred stock round of financing. At the time of its SEC filing, the company had already raised $7 million from seven accredited investors. The software developer plans to use the proceeds from the offering for working capital. For more information, call Gary Conkright, CEO, at 630-829-4000.

ImPres Medical Inc. of Minneapolis raised $1 million from 10 accredited investors through a private placement of convertible notes and warrants through a bridge round of financing. A minimum investment of $5,000 was required on the placement. The medical device company plans to use the proceeds for working capital. For more information, call Paul Danielson, CEO, at 952-842-9322.

ZoeMed Inc. of Omaha, Neb., has filed to raise $2 million through a private placement of preferred stock. At the time of its SEC filing, the company had already raised $565,000 from six accredited investors. The provider of online medical services intends to use the proceeds from the offering for salaries, fees, construction or leasing of plant buildings and facilities, and working capital. For more information, call Dana PachÈ, treasurer, at 402-884-7667.

Asterand Inc. of Detroit has filed to raise $4.6 million through a private offering of preferred stock. At the time of its SEC filing, the company had already raised $3.1 million from 10 accredited investors. The operator of human tissue bank for medical research plans to use the proceeds for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call Randal Charlton, CEO, at 313-966-9122.

FireVue Inc. of St. Paul, Minn., raised $5.5 million from 13 accredited investors through a Series A preferred stock round of financing. The network security company plans to use the proceeds for debt repayment and working capital. For more information, call Thomas Grabowski, CEO, at 651-556-0400.

NextNet Wireless Inc. of Bloomington, Minn., has filed to raise $5 million through a Series E preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.9 million from nine accredited investors, $1.4 million of the amount raised accounts for conversion of outstanding notes. The developer of broadband wireless access systems intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Guy J. Kelnhofer III, CEO, at 952-929-4008.

West

Be Media of El Segundo, Calif., has filed to raise $5 million through a private offering of common stock. A minimum investment of $20,000 is required on the placement. Malory Investments LLC of Los Angeles helps to place the issue. The media company, which specializes in lighting and sound systems, plans to use the proceeds from the offering for working capital and front costs. For more information, call Mohammad Ahmadi, CEO, at 877-210-7664.

Converge Medical Inc. of Sunnyvale, Calif., has filed to raise $26.7 million through a Series D preferred stock round of financing. At the time of its SEC filing, the company had already raised $25 million from 15 accredited investors. Rockport Venture Securities LLC of Beverly, Mass., is helping to place the deal for $540,000 in findersí fees. The medical instruments company intends to use the proceeds from the offering for working capital. For more information, call Richard Lotti, president, at 408-774-1700.

Digital Campaigns Inc. of Palo Alto, Calif., raised $300,000 from three accredited investors through a Series C preferred stock round of financing. The provider of campaign automation applications and solutions intends to use the proceeds from the offering for working capital. For more information, call Michelle Kraus, CEO, at 650-853-8138.

Gemini Telemanagement Systems Inc. of Redwood City, Calif., has filed to raise $501,000 through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $270,540 from seven accredited investors. The telecommunication equipment and products commpany plans to use the proceeds for salaries, fees and working capital. For more information, call Richard Alter, president, at 650-299-8299.

Holl Technologies Co. of Camarillo, Calif., raised $650,000 from four accredited investors through a private placement of convertible debt. The company, engaged in the business related to chemical process and development, intends to use the proceeds from the offering for working capital. For more information, call Michael Kozlowski, CEO, at 805-389-3499.

MicroVention Inc. of Aliso Viejo, Calif., raised $10.5 million from 45 accredited investors through a Series D preferred stock round of financing. The company, engaged in the development of products for treatment of peripheral and cerebral vascular diseases, plans to use the proceeds for working capital. For more information, call William Hughes, CFO, at 949-768-1184.

oneBPO Inc. of Fremont, Calif., has filed to raise $20 million through a private offering of common stock. A minimum of $50,000 is required on the placement. International Consulting of Irvine, Calif., Scotchmanís Inc. of Dana Point, Calif., and Emerald Majestic International Inc. of San Jose, Calif., and various individuals are engaged in placement of the issue for $3 million in sales commissions. The provider of business processes outsourcing solutions plans to use the proceeds from the offering for salaries and fees, acquisition of other businesses, working capital and other various expenses. For more information, call Humayon Sarwari, CEO, at 510-794-6334.

ParAllele BioScience Inc. of South San Francisco has filed to raise $22.6 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $16.2 million from 15 accredited investors. The provider of solutions for genomic research and development plans to use the proceeds from the offering for working capital. For more information, call Nicholas Naclerio, president, at 650-228-0355.

Saegis Pharmaceuticals Inc. of Half Moon Bay, Calif., has filed to raise $31.2 million through a Series A-2 and B preferred stock round of financing. At the time of its SEC filing, the company had already raised $11.8 million from 17 accredited investors. Aquilo Partners Inc. of San Francisco is helping to place an issue. The developer of new medicines that protect and improve memory and cognition intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Rodney Pearlman, executive officer, at 650-560-0210.

A4S Technologies Inc. of Kalispell, Mont., has filed to raise $400,400 through a private offering of subordinated convertible note and warrant. At the time of its SEC filing, the company had already raised $325,325 from four accredited and one non-accredited investors. The developer of applications and interfaces for digital audio and video, plans to use the proceeds from the offering for salaries, fees, construction or leasing of plant buildings and facilities and working capital. For more information, call Michael Siemens, president, at 406-755-8618.

Surfect Technologies Inc. of Albuquerque, N.M., raised $375,000 from one accredited investor through a private placement of convertible note. The developer of metal-deposition systems and materials for use in flip chip packaging of semiconductor electronic components and MEMS devices intends to use the proceeds from the offering for salaries, fees and working capital. For more information, contact Thomas Griego, president.

Amedica Corp. of Salt Lake City has filed to raise $8.4 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.3 million from 31 accredited investors. The minimum investment of $100,000 required on the placement can be waived. Creation Capital LLC of New York is acting as the agent on the placement for $840,000 in sales commissions. The manufacturer of various orthopedic devices plans to use the proceeds from the offering for working capital. For more information, call Ashok Khandkar, CEO, at 801-231-5729.

Cemines Inc. of Evergreen, Colo., has filed to raise $1 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $200,000 from one accredited investor. A minimum investment of $50,000 is required on the placement. Capital Funding Strategies LLC of Fort Collins, Colo., is helping to place the issue for $7,000 in findersí fees. The manufacturer of cancer diagnostic tests plans to use the proceeds from the offering for working capital. For more information, call Richard Cavalli, president, at 303-670-9888.

Health Language Inc. of Aurora, Colo., the software developer, raised $5.7 million from 21 accredited and one non-accredited investors through a Series B preferred stock round of financing. For more information, call George Schwend, CEO, at 303-307-4400.

Vistard Inc. of Cherry Hills Village, Colo., raised $1.3 million from seven accredited investors through a private offering of common stock. The wireless communications company plans to use the proceeds from the offering for working capital. For more information, call Nick Zieser, CFO, at 303-229-5555.

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