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Creative Computer Plans Private Stock Placement

Creative Computer Applications Inc., a Calabasas provider of information systems for hospitals, laboratories and pharmacies, said it intends to raise between $500,000 and $800,000 in a private placement of convertible preferred stock.

The investors are led by the Roser Partnership II Ltd. of Boulder, Colo.

Creative Computer said the transaction is subject to completion of a definitive agreement. It is expected to be completed in January, after which the investor group will have the right to a seat on Creative Computer’s board of directors.


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