regional_2_9_04

February 6 2004

East

MISTsoft Corp. of Waltham, Mass., raised $400,400 from three accredited investors through a private placement of promissory notes and warrants. The software developer intends to use the proceeds from the offering for working capital. For more information, call George Chryssis, CEO, at 781-890-7999.

Syncra Systems Inc. of Waltham, Mass., has filed to raise $1.4 million through a private placement of secured convertible promissory notes and warrants. At the time of its SEC filing, the company had already raised $506,469 from seven accredited investors. The supply chain software developer plans to use the proceeds from the offering for working capital. For more information, call Jeffrey Stamen, CEO, at 781-693-1200.

Tatara Systems Inc. of Lexington, Mass., has filed to raise $8 million through a Series C convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $4 million from seven accredited investors. The telecommunications company intends to use the proceeds from the offering for working capital. For more information, call Stephen Nicolle, CEO, at 978-206-0800.

Viamericas Corp. of Bethesda, Md., raised $1.2 million from 83 accredited investors through a private placement of common stock. The company, which helps transmit money electronically, plans to use the proceeds from the offering for working capital. For more information, call Paul Dwyer, CEO, at 301-215-9294.

E4X Inc. of New York has filed to raise $14 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $13.8 million from 23 accredited investors. The provider of currency management services to online merchants intends to use the proceeds from the offering for working capital. For more information, call Yuval Tal, CEO, at 212-244-3690.

Minrad Inc. of Buffalo, N.Y., has filed to raise $1 million through a private offering of convertible note. At the time of its SEC filing, the company had already raised $850,000 from four accredited investors. A minimum investment of $10,000 is required on the placement. The medical device and pharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call William Burns, CEO, at 800-832-3303.

The Rail Network Inc. of New York has filed to raise $3 million through a private placement of convertible promissory notes. At the time of its SEC filing, the company had already raised $210,000 from four accredited investors. The digital mass transit television network provider intends to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installment of machinery and equipment. For more information, call David Lane, CEO, at 646-728-0266.

OpenReach Inc. of East Brunswick, N.J., raised $7 million from six accredited investors through a Series A-1 convertible preferred stock round of financing. The software developer and provider of network services intends to use the proceeds from the offering for working capital. For more information, call James Zucco, CEO, at 888-480-8710.

Chorus Systems Inc. of Raleigh, N.C., has filed to raise $1.3 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $250,000 from two accredited and one non-accredited investors. The minimum investment of $50,000 required on the placement can be waived. The software developer intends to use the proceeds from the offering for working capital. For more information, call Sirus Chitsaz, president, at 919-248-9393.

FormRouter Inc. of Cary, N.C., raised $1 million from 13 accredited investors through a private placement of common stock. A minimum investment of $50,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Chris Pieper, CEO, at 919-469-1984.

Resonetics Inc. of Nashua, N.H., raised $1 million from one accredited investor through a private placement of subordinated debenture. The manufacturer of laser systems and medical devices plans to use the proceeds from the offering for working capital. For more information, call Clifford Gabay, president, at 603-886-6772.

TrafficLand Inc. of Fairfax, Va., raised $677,349 from three accredited investors through a Series A preferred stock round of financing. The company, which provides online access to traffic camera images, intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Lawrence Nelson, president, at 703-591-1933.

South

ICU DataSystems Inc. of Gainesville, Fla., has filed to raise $1 million through a private offering of convertible notes. At the time of its SEC filing, the company had already raised $200,000 from one accredited investor. A minimum of $100,000 is required on the placement. The developer of medical patient monitoring technology intends to use the proceeds from the offering for working capital. For more information, call Samuel Coons, CEO, at 352-692-5585.

Compact Power Inc. of Fort Mill, S.C., raised $5.4 million from three accredited investors through a private offering of Series A participating convertible preferred stock and 12% senior subordinated debt. A minimum investment of $1 million was required on the placement. InvestLinc Securities LLC of Hoffman Estates, Ill., helped to place the issue for $144,000 in sales commissions. The wholesaler of compact hydraulic power equipment plans to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call Roger Braswell, CEO, at 800-476-9673.

Calpont Corp. of Rockwall, Texas, has filed to raise $5 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $375,002 from one accredited investor. The developer of hardware-based solutions for computer functions plans to use the proceeds from the offering for working capital. For more information, call Victor Bennett, CEO, at 972-772-1040.

Choicepoker.com Inc. of Lewisville, Texas, has filed to raise $500,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $29,000. Barron Moore Inc. of Dallas is assisting with the fund-raising. The company, which provides online gambling, plans to use some proceeds from the offering for working capital. For more information, call Jon Comer, president, at 214-587-1595.

Intermat Inc. of Houston raised $400,000 from three accredited investors through a Series A preferred stock round of financing. A minimum investment of $100,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Blair Garrou, CEO, at 713-499-4230.

SimDesk Technologies Inc. of Houston has filed to raise $2 million through a private placement of units of 10% convertible note. At the time of its SEC filing, the company had already raised $835,000 from eight accredited investors. A minimum investment of $25,000 is required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Louis Waters, CEO, at 713-690-6016.

Midwest

HBB Inc. of Birmingham, Mich., has filed to raise $1 million through a private offering of preferred stock. At the time of its SEC filing, the company had already raised $50,000 from one accredited investor. A minimum investment of $50,000 is required on the placement. Broad Street Securities Inc. of Birmingham, Mich., is assisting with the fund-raising for $50,000 in sales commissions. The provider of contractual management services to financial and real estate companies plans to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, debt repayment, working capital and other purposes. For more information, call Stuart Burchard, president, at 248-430-2626.

Mezzia Inc. of Indianapolis has filed to raise $2 million through a Series C convertible preferred stock with warrants round of financing. At the time of its SEC filing, the company had already raised $1.7 million from 13 accredited investors. The software developer intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment and exchange of debt for equity. For more information, call Scott McCorkle, president, at 317-805-6000.

West

AtHoc Inc. of Burlingame, Calif., raised $419,971 from 32 accredited investors through a private placement of convertible promissory note and warrant. The information service provider intends to use the proceeds from the offering for working capital. For more information, call Guy Miasnik, CEO, at 650-685-3000.

Be Here Corp. of Fremont, Calif., raised $653,000 from four accredited investors through a private placement of convertible promissory notes and warrants. The producer of video and imaging technology plans to use the proceeds from the offering for working capital. For more information, call Stephen Von Rump, president, at 510-505-7900.

Clipper Windpower Inc. of Carpinteria, Calif., has filed to raise $7.5 million through a Series C preferred stock round of financing. A minimum investment of $100,000 is required on the placement. The company, which develops wind generating facilities, intends to use the proceeds from the offering for working capital. For more information, call Garry Pealer, CFO, at 805-690-3275.

Evant Inc. of San Francisco raised $9.5 million from one accredited investor through a Series 3 preferred stock round of financing. The provider of business solutions for supply chain management intends to use the proceeds from the offering for working capital. For more information, call Hope Cochran, CFO, at 415-283-1880.

Gammill Inc. of San Francisco raised $13 million from three accredited investors through a private offering of common and preferred stock. A minimum investment of $500,000 was required on the placement. The manufacturer of quilting machines intends to use the proceeds from the offering for working capital and general corporate purposes. For more information, call Dennis Leary, president, at 415-281-4181.

Ionian Technologies Inc. of Upland, Calif., raised $275,000 from six accredited investors through a private placement of convertible promissory note and common stock warrant. The company, engaged in research and development related to genomics, intends to use the proceeds from the offering for working capital. For more information, call Gayle Deflin, CEO, at 909-373-3366.

SideStep Inc. of Santa Clara, Calif., has filed to raise $12 million through a private issuance of preferred stock. At the time of its SEC filing, the company had already raised $8 million from one accredited investor. The Internet based provider of travel services intends to use the proceeds from the offering for working capital. For more information, call Russell Lemelin, CFO, at 408-235-1700.

Visual EDGE Technology Inc. of San Jose, Calif., has filed to raise $9.5 million through a Series B-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.8 million from 15 accredited investors. Advanced Equities Inc. of Chicago helped to place the issue. The developer of high-performance controller software and hardware for copying and printing markets plans to use the proceeds from the offering for working capital. For more information, call Charles Burton, director, at 408-452-4200.

XenoPort Inc. of Santa Clara, Calif., has filed to raise $40 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $37 million from 42 accredited investors. The company plans to allocate $458,000 to findersí fees. The biopharmaceutical company intends to use the proceeds from the offering for working capital. For more information, call Ronald Barrett, executive officer, at 408-616-7200.

Displaytech Inc. of Longmont, Colo., raised $1.5 million from three accredited investors through a private placement of convertible promissory notes. The company, which makes microdisplays for digital still cameras, camcorders, and mobile communication devices, plans to use the proceeds from the offering for working capital. For more information, call Richard Barton, CEO, at 303-772-2191.

Myfinancialadvice Inc. of Dover, Colo., has filed to raise $500,000 through a private offering of convertible securities. At the time of its SEC filing, the company had already raised $384,500 from 20 accredited investors. A minimum investment of $10,000 is required on the placement. The company, which sponsors a Web site, where consumers can obtain financial advice, plans to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, research and development and other purposes. For more information, call Ronald Peremel, CEO, at 303-395-3355.

Zyray Wireless Inc. of San Diego has filed to raise $7.5 million through a private offering of secured convertible promissory note and warrant. At the time of its SEC filing, the company had already raised $5 million from three accredited investors. The wireless communications company intends to use some proceeds from the offering for debt repayment and working capital. For more information, contact Werner Sievers, CEO.

Melodeo Inc. of Seattle has filed to raise $2.2 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $1.1 million from 10 accredited investors. The software developer intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call William Valenti, CEO, at 206-227-0194.

Memetic Systems Inc. of Seattle has filed to raise $4 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.6 million from four accredited investors. The Internet services provider intends to use the proceeds from the offering for working capital. For more information, call Donald Pickering, CEO, at 206-985-7171.

Atlantis Cyberspace Inc. of Honolulu has filed to raise $1.7 million through a private offering of preferred stock. At the time of its SEC filing, the company had already raised $1.5 million from 10 accredited investors. A minimum investment of $25,000 is required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Michael Aranoff, executive officer, at 808-842-3838.

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