RegionalRoundup- Midwest

MicroNet Medical Inc. of White Bear Lake, Minn., is raising $2 million through a private placement of common stock. A minimum investment of $25,000 is required. The medical manufacturing firm intends to use the proceeds from the offering for working capital, product development, sales and marketing and manufacturing costs.

Alpha Shirt Holdings Inc. of Mayfield Heights, Ohio, raised $4 million from two investors through a private placement of common stock. The distributor of imprintable apparel intends to use the proceeds from the investment for working capital.

Avery Communications Inc. of Chicago raised $3.945 million from seven investors through a private placement of Series F junior participating convertible preferred stock. The telecommunications services company intends to use the proceeds from the investment for the acquisition of other businesses.

QuiQ Inc. of Madison, Wis., raised $3 million from eight investors through a private placement of Series B preferred stock. The issuer intends to use the proceeds from the investment for working capital.

Internet SportStations Inc. of Dallas raised $3 million from 49 investors through a private placement of common stock. A minimum investment of $50,000 was required. The sports media company intends to use the proceeds from the investment for the payment of salaries and fees, the acquisition of equipment and working capital.

WaterGuard Telecommunications Technologies Inc. of Houston raised $2.886 million from 101 investors through a private placement of convertible securities. A minimum investment of $5,000 was required. The developer of products used to protect fiber optic cables intends to use the proceeds from the investment for payment of salaries and fees, the acquisition of equipment, the repayment of debt and working capital. D.E. Wine Investments Inc. of Houston will receive a sales commission of up to $450,000.

Applied Biometrics Inc. of Burnsville, Minn., raised $2.445 million from 69 investors through a private placement of common stock. A minimum investment of $10,000 was required. The developer of medical diagnostic systems intends to use the proceeds from the investment for working capital, sales and marketing, research and development and to increase manufacturing capacity. Miller, Johnson & Kuehn Inc. of Minneapolis and Fleming Securities Inc. of Scottsdale, Ariz., will receive sales commissions in the aggregate of $244,500.