Dinewise, Inc. (OTCPK: DWIS) announced a private placement for gross proceeds of $500,000 on August 4, 2011. The company will issue equity shares and non-convertible debt pursuant to Regulation D. Minimum investment accepted from any outside investor is $50,000. The company will pay sales commissions of $65,000 to ICM Capital Markets, Ltd. which will serve as a placement agent in the transaction.

The transaction was cancelled as on August 4, 2012.