Imatec Ltd., New York, an initial public offering of 1 million shares and 4 million redeemable warrants.

Azurel Ltd., New York., an initial public offering of 1.2 million shares and 1.1 million warrants.

Worldwide Inc., New York, an initial public offering of 1.13 million shares and 1.13 million warrants.

Vital Food Products Inc., Chicago, an initial public offering of 4.1 million shares and 1.15 million warrants.

New York Health Care Inc., Brooklyn, an initial public offering of 1.25 million shares and 2.5 million warrants.

Independence Brewing Co., Philadelphia, an initial public offering of 900,000 shares and 4 million warrants.

Fundex Games Ltd., Indianapolis, an initial public offering of 1 million shares and 1 million warrants.

Multimedia Access Corp., Dallas, an initial public offering of 1.2 million shares and 1.2 million warrants.

Tampa, Fla., an initial public offering of 1.4 million shares and 2.7 million warrants.

Giampier Ltd., Denver, an initial public offering of 700,000 shares and 700,000 warrants.