[Federal Register Volume 67, Number 102 (Tuesday, May 28, 2002)]
[Notices]
[Page 36954]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13208]


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SMALL BUSINESS ADMINISTRATION


Notice Seeking Exemption Under section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Zero Stage Capital SBIC VII, L.P. 
(``ZSCVII''), 101 Main Street, 17th Floor, Cambridge, Massachusetts 
02142, a Federal Licensee under the Small Business Investment Act of 
1958, as amended (``the Act''), in connection with the financing of a 
small concern, has sought an exemption under section 312 of the Act and 
section 107.730, Financings which Constitute Conflicts of Interest, of 
the Small Business Administration (``SBA'') rules and regulations (13 
CFR 107.730 (2002)). ZSCVII proposes to provide equity financing to 
Spherics, Inc. (``Spherics''), 300 Metro Center Boulevard, Suite 150, 
Warwick, Rhode Island 02886. The financing is contemplated for market 
expansion and working capital.
    The financing is brought within the purview of Section 
107.730(a)(1) of the Regulations because Zero Stage Capital VI, L.P., 
an Associate ZSCVII, currently owns greater than 10 percent of 
Spherics, and therefore Spherics is considered an Associate of ZSCVII 
as defined in Section 107.50 of the Regulations.
    Notice is hereby given that any interested person may submit 
written comments on the transaction to the Associate Administrator for 
Investment, U.S. Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416.

    Dated: May 20, 2002.
Harry Haskins,
Acting Associate Administrator for Investment.
[FR Doc. 02-13208 Filed 5-24-02; 8:45 am]
BILLING CODE 8025-01-P