Regional Rroundup – West

Innovative Turf Products Inc. of Tangent, Ore., is raising $5 million through a private placement of common equity. Blackwell, Donaldson & Co. of Portland, Ore., is placing the offering for a $350,000 sales commission. A minimum investment of $50,000 is required. The issuer, a distributor of grass seed and related turf products, intends to use proceeds from the offering for general corporate purposes.

JumpSport Inc. of Saratoga, Calif., is raising $2 million through a private placement of preferred stock. A minimum investment of $25,000 is required. The designer, marketer and seller of recreational products intends to use proceeds from the offering as working capital and to repay founders’ debt.

Neocrin Co. of Irvine, Calif., is raising $1.5 million through a private placement of equity. The issuer, engaged in the research, development and marketing of bio-medical processes, intends to use proceeds from the offering for working capital.

WorldWideEnergy Inc. of Albany, Calif., raised $5.6 million from 19 investors through a private placement of preferred equity. A minimum investment of $2,499 was required. The seller of electricity to residents and small businesses on the Internet intends to use proceeds from the offering for working capital.

LaunchPad Technologies Inc. of Pasadena, Calif., raised $4.8 million from 38 investors through a private equity placement. The issuer intends to use proceeds from the offering for working capital.

Vitria Technology Inc. of Mountain View, Calif., raised $4.5 million from 17 investors through a private placement of preferred equity. The minimum investment was $1,109. The supplier of enterprise technology and services for realtime intraner, extranet and Internet applications intends to use proceeds from the offering for working capital.

The Cobalt Group Inc. of Seattle raised $4.1 million from four investors through a private placement of preferred stock. A minimum investment of $100,000 is required. The e-commerce company intends to use proceeds from the offering for working capital and acquisitions.

Solipsa Corp. of San Jose, Calif., raised $4 million from two investors through a private placement of preferred equity. The telecommunications services and software development company intends to use proceeds from the offering for working capital.

NeoTherapeutics Inc. of Irvine, Calif., raised $4 million from four investors through a private offering of common stock. A minimum investment of $50,000 was required. The developer of pharmaceutical products intends to use proceeds from the investment for working capital and research and development.

PicoNetworks Inc. of San Jose, Calif., raised $3.8 million from 19 investors through a private placement of Series A preferred stock. The issuer intends to use proceeds from the investment for working capital.

All Bases Covered Inc. of Redwood City Calif., raised $3.02 million from two investors through a private placement of Series A convertible preferred stock. The issuer intends to use proceeds from the offering for working capital.