Regional Rroundup – East

Shnoo.com Inc. of Clifton, N.J., is raising $5.95 million through a private placement of common stock. The online retailer intends to use proceeds from the offering for working capital.

CDS Consulting Corp. of Pittsburgh is raising $5 million through a private placement of common stock. A minimum investment of $100,000 is required. The consulting firm intends to use proceeds from the offering for working capital. Spencer Trask Securities Inc. of New York placed the deal for a $40,000 sales commission.

First Montauk Financial Corp. of Red Bank, N.J., is raising $3.125 million through a private placement of preferred stock. The brokerage firm intends to use proceeds from the offering for working capital.

Intelligenesis Corp. of Bedford, N.Y., is raising $3 million through a private placement of common stock. The issuer, a computer software development and marketing company, intends to use proceeds from the investment for working capital.

Holbrook Systems Inc. of Westfield, Mass., raised $5 million from five investors through a private placement of common stock. A minimum investment of $250,000 was required. The information services provider intends to use proceeds from the investment for acquisitions.

Tundo Corp. of Cambridge, Mass., raised $4.42 million from 11 investors through a private placement of Series B convertible preferred stock. A minimum investment of $8,749 was required. The data communications company intends to use proceeds from the offering for working capital.

Multiflow Technologies Inc. of Boston raised $3.97 million from 11 investors through a private placement of Series A convertible preferred stock. A minimum investment of $15,000 was required. The software developer intends to use proceeds from the offering for working capital.

E-Taxi Inc. of San Jose, Calif., raised $1.6 million from 20 investors through a private placement of convertible preferred stock. A minimum investment of $5,000 was required. The Internet content developer intends to use proceeds from the offering for working capital.

Virtual Communities Inc. of New York raised $1.45 million through a private placement of preferred stock. A minimum investment of $2,500 was required. The Internet content developer intends to use proceeds from the offering for working capital. Jesup & Lamont Securities Corp. of New York placed the deal for a $116,400 sales commission.