eWan1 completes $1 million private placement

By Sheri Kasprzak

New York, Aug. 16 - eWan1, Inc. said it has completed a private placement for $1 million.

The full details of the offering could not be determined by press time Tuesday, but Nutmeg Group LLC made the investment.

The proceeds will be used to roll out the company's technology in the Virgin Islands and Mexico.

Based in Santa Ana, Calif., eWan1 is a broadband network company focused on internet access, data, voice and gaming services. On Tuesday, the company's stock closed down $0.01 to end at $0.04.

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