regional_2_16_04

February 17 2004

East

JENTEK Sensors Inc. of Waltham, Mass., raised $900,000 from one accredited investor through a private placement of common stock and convertible note. The provider of equipment and services for nondestructive evaluation of materials intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Neil Goldfine, president, at 781-642-9666.

Traceability System Architects Inc. of Newton, Mass., has filed to raise $500,000 through a private offering of convertible notes. At the time of its SEC filing, the company had already raised $50,000 from one accredited investor. The software developer intends to use the proceeds from the offering for working capital. For more information, call Winthrop Baylies, president, at 617-244-6464.

Ohia Networks Inc. of Stow, Mass., has filed to raise $650,000 through a private offering of senior secured convertible notes and warrants. At the time of its SEC filing, the company had already raised $150,000 from three accredited investors. The software developer intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Kathleen Huber, director, at 978-461-0249.

OpenPages Inc. of Waltham, Mass., has filed to raise $10 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.5 million from 13 accredited investors. The developer of software for corporate accountability and compliance intends to use the proceeds from the offering for working capital. For more information, call Michael Duffy, CEO, at 781-647-3800.

Radiant Images Inc. of Bedford, Mass., raised $600,000 from two accredited investors through a private offering of convertible promissory note. The miniature transparent display company intends to use the proceeds from the offering for working capital and general corporate purposes. For more information, call D. Westervelt Davis, president, at 781-275-0011.

Repromedix Corp. of Woburn, Mass., has filed to raise $2.1 million through a Series A cumulative redeemable preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.1 million from two accredited investors. Federal Street Capital Inc. of Boston is assisting with fund-raising. The medical device company plans to use the proceeds from the offering for working capital. For more information, call Craig Sockol, CEO, at 781-937-8893.

InsPara Networking Technologies Inc. of Cranford, N.J., has filed to raise $1 million through a private offering of Class A common stock and warrants. At the time of its SEC filing, the company had already raised $400,000 from seven accredited investors. The networking services provider intends to use the proceeds from the offering for working capital. For more information, call Kevin Holt, CEO, at 908-316-0179.

Senex Biotechnology Inc. of Albany, N.Y., raised $757,607 from two accredited investors through a private placement of preferred stock. A minimum investment of $40,000 was required on the placement. The drug developer intends to use the proceeds from the offering for working capital. For more information, call Igor Roninson, executive officer, at 518-641-6471.

eVox Inc. of Reston, Va., has filed to raise $1 million through a private offering of convertible promissory notes. At the time of its SEC filing, the company had already raised $844,000 from 12 accredited investors. The minimum investment of $10,000 required on the placement can be waived. The wireless communications company plans to use the proceeds from the offering for salaries, fees and working capital. For more information, call Lee Nathanson, CEO, at 703-904-4349.

Wiltex Inc. of Virginia Beach, Va., has filed to raise $300,000 through a Series B redeemable convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $150,107 from one accredited investor. A minimum investment of $100,000 is required on the placement. The provider of network infrastructure management solutions intends to use the proceeds from the offering for working capital. For more information, call Lois Williams, president, at 757-321-1927.

South

Datacore Software Corp. of Fort Lauderdale, Fla., has filed to raise $7.3 million through a private placement of Series D-1 convertible participating preferred stock with common stock warrants. The software developer intends to use the proceeds from the offering for debt repayment and working capital. For more information, call George Scanlon, CFO, at 954-267-1620.

Ignite! Inc. of Austin, Texas, has filed to raise $20 million through a private offering of Series C convertible preferred stock. At the time of its SEC filing, the company had already raised $3.3 million from two accredited investors. The educational software developer company plans to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, debt repayment, working capital and general office expenses. For more information, call Neil Bush, executive officer, at 512-345-8382.

VuCOMP Inc. of Frisco, Texas, raised $199,020.6 from eight accredited investors through a private placement of common stock. The developer of computer-aided detection systems intends to use the proceeds from the offering for working capital. For more information, call Jeffrey Wehnes, president and CEO, at 214-618-0788.

TEF Inc. of Dalton, Ga., raised $12 million from two accredited investors through a private placement of convertible preferred stock. A minimum investment of $2 million was required on the placement. The company, which makes floor-covering products, plans to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, working capital and general corporate purposes. For more information, call Robert Miller, president, at 706-226-3343.

Midwest

Efficas Inc. of St. Louis has filed to raise $5 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $4.7 million from three accredited investors. The biotechnology company intends to use the proceeds from the offering for salaries, fees, debt repayment and working capital. For more information, call Mark Braman, CEO, at 303-652-2147.

NameProtect Inc. of Madison, Wis., has filed to raise $1.8 million through a private offering of Series C convertible preferred stock. At the time of its SEC filing, the company had already raised $1.7 million from five accredited investors. The provider of trademark research, branding and monitoring services to intellectual property professionals intends to use the proceeds from the offering for working capital. For more information, call Mark McGuire, president, at 608-824-7000.

West

Ample Communications Inc. of Fremont, Calif., has filed to raise $15 million through a Series C convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $12.9 million from 15 accredited investors. The bandwidth semiconductor developer intends to use the proceeds from the offering for working capital. For more information, call Visveswar Akella, CEO, at 510-657-1500.

Asteres Inc. of Del Mar, Calif., has filed to raise $2.5 million through a Series A-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $2 million from five accredited investors. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Linda Pinney, president, at 858-523-9400.

Axle Logic Inc. of Novato, Calif., raised $455,240 from 16 accredited investors through a Series B preferred stock round of financing. The software developer intends to use the proceeds from the offering for salaries and fees, construction or leasing of plant buildings and facilities, debt repayment and working capital. For more information, call Boris Medak, CEO, at 415-883-4375.

iMedica Corp. of Mountain View, Calif., raised $750,000 from one accredited investor through a private placement of secured convertible notes and warrants. The developer of electronic record keeping and data management software plans to use the proceeds from the offering for working capital. For more information, call Charles Koo, CEO, at 650-960-6890.

Kolorific Inc. of Milpitas, Calif., raised $1.4 million from 17 accredited investors through a Series A preferred stock round of financing. The semiconductors company intends to use the proceeds from the offering for working capital. For more information, call York Wang, CEO, at 408-957-8858.

M7 Networks Inc. of La Jolla, Calif., has filed to raise $3 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $669,905 from five accredited investors. The wireless communications applications services provider intends to use the proceeds from the offering for working capital. For more information, call Thomas Carney, executive officer, at 858-200-2428.

Nanomix Inc. of Emeryville, Calif., has filed to raise $5.1 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $5 million from 21 accredited investors. The nanotechnology company intends to use the proceeds from the offering for working capital. For more information, call Marvin Cohen, director, at 510-428-5300.

Oddpost Inc. of San Francisco raised $2.6 million from five accredited investors through a private placement of Series A and B preferred stock. A minimum investment of $19,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Toni Schneider, CEO, at 415-989-1702.

Pragmax Software Corp. of San Jose, Calif., raised $1.7 million from five accredited investors through a private offering of Series A preferred stock, warrants and convertible notes. The software developer intends to use the proceeds from the offering for working capital. For more information, call Richard Watts, CEO, at 408-750-1390.

Specular Networks Inc. of Santa Clara, Calif., has filed to raise $10.3 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $4.1 million from four accredited investors. A minimum investment of $14,000 is required on the placement. The developer of Internet connectivity products intends to use the proceeds from the offering for working capital. For more information, call Rajesh Manglore, president, at 408-986-0095.

Stretch Inc. of Mountain View, Calif., raised $36.2 million from 11 accredited investors through a Series A preferred stock round of financing. The semiconductor manufacturer intends to use the proceeds from the offering for working capital. For more information, call Gary Banta, executive officer, at 650-864-2700.

Vitex Systems Inc. of San Jose, Calif., raised $24 million from four accredited investors through a Series B convertible preferred stock round of financing. The provider of OLED (organic light emitting diode) solutions for the display industry plans to use the proceeds from the offering for working capital. For more information, call Malcolm Thompson, CEO, at 408-519-4400.

VSK Photonics Inc. of Lake Forest, Calif., raised $1 million from five accredited investors through a Series A preferred stock round of financing. The optical components developer intends to use the proceeds from the offering for working capital. For more information, call Timothy Vang, CEO, at 949-586-2202.

Zenprise Inc. of Danville, Calif., raised $6 million from six accredited investors through a Series A preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Waheed Qureshi, executive officer, at 800-735-3457.

MedManage Systems Inc. of Bothell, Wash., raised $5.8 million from six accredited investors through a Series C preferred stock round of financing. A minimum investment of $33,580 was required on the placement. The provider of drug sampling solutions intends to use the proceeds from the offering for working capital. For more information, call Robert Nakahara, CFO, at 425-354-2000.

Teranode Corp. of Seattle raised $2 million from three accredited investors through a Series A preferred stock round of financing. The developer of software for life sciences industry intends to use the proceeds from the offering for working capital. For more information, call Neil Fanger, COO, at 206-336-5626.

Tiki Technologies Corp. of Honolulu raised $202,000 from two accredited investors through a private placement of common stock. The provider of software and hardware intends to use the proceeds from the offering for working capital. For more information, call Yuka Nagashima, president, at 808-545-5282.

AirCell Inc. of Louisville, Colo., has filed to raise $4 million through a private offering of warrants and promissory notes convertible into shares of Series B-1A preferred stock. At the time of its SEC filing, the company had already raised $2.8 million from 19 accredited investors. The maker of telephones for use in airplanes plans to use some proceeds from the offering for working capital. For more information, call Todd Londa, CFO, at 303-379-0200.

iMove Inc. of Portland, Ore., has filed to raise $2.5 million through a Series C-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.2 million from 11 accredited investors. The provider of spherical imaging technology to commercial and governmental clients intends to use the proceeds from the offering for working capital. For more information, call Roger Thomas, executive officer, at 503-221-2449.

Cognetix Inc. of Salt Lake City has filed to raise $6.5 million through a private placement of Series 1 units of preferred stock and warrants. At the time of its SEC filing, the company had already raised $2 million from nine accredited investors. The biopharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Roger Flowerdew, president, at 801-581-0400.

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