RegionalRroundup – East

Healtheon.com Corp. of Lexington, Mass., is raising $5.775 million through a private placement of Series A convertible preferred stock. A minimum investment of $890,000 is required. The Internet-based medical information systems company intends to use the proceeds from the offering for working capital.

Omnibox Inc. of White Plains, N.Y., is raising $5 million through a private placement of common stock. A minimum investment of $25,000 is required. The electronic commerce network intends to use the proceeds from the offering for acquisitions of equipment, repayment of debt, working capital, teleport design, construction and rent.

Symbollon Corp. of Framingham, Mass., is raising $2.1875 million through a private placement of units. Each unit consists of one share of common stock and one warrant. A minimum investment of $17,500 is required. The drug manufacturer intends to use the proceeds from the offering for working capital. Indianapolis Securities Inc. will receive a sales commission of $218,750.

Pure Energy Corp. of New York is raising $2 million through a private placement of preferred stock. The producer of chemicals and fuels intends to use the proceeds from the offering for working capital.

Apogean Technology Inc. of New York is raising $1.2 million through a private placement of common stock. A minimum investment of $50,000 is required. The issuer, which operates an electronic marketplace for fixed income securities, intends to use the proceeds from the offering for operating expenses.

eHealth Inc. of Alexandria, Va., raised $4.114 million from 10 investors through a private placement of Series A convertible preferred stock. The issuer, which provides health-care information services, intends to use the proceeds from the investment for working capital. Logicci Ventures received a finders fee of $120,000 payable in preferred stock.

Virtuel Medical Devices Inc. of Exeter, N.H., raised $4 million from five investors through a private placement of Series A convertible preferred stock. The developer and manufacturer of medical devices intends to use the proceeds from the investment for working capital.

Opticare Health Systems Inc. of Waterbury, Conn., raised $2.45 million from one investor through a private placement of Series A convertible preferred stock. The provider of eye health services intends to use the proceeds from the investment to repay debt.

Zentox Corp. of Boston raised $2.2 million from two investors through a private placement of preferred stock. The marketer of water treatment products and services intends to use the proceeds from the investment to repay debt and for general corporate purposes.

Flexigift Inc. of New York raised $2 million from 30 investors through a private placement of Series A preferred stock. A minimum investment of $25,000 was required. The Internet gift cards company intends to use the proceeds from the investment for working capital.

Systems & Computer Technology Corp. of Malvern, Pa., raised $2 million from two investors through a private placement of common stock. The enterprise software developer intends to use the proceeds from the investment for the acquisition of other businesses.

Wordstream Inc. of Somerville, Mass., raised $1.369 million from 20 investors through a private placement of Series D preferred stock. A minimum investment of $50,000 was required from new investors and $10,000 from existing stockholders. The developer of computer software intends to use the proceeds from the investment for working capital