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Software Startup Taps DPO for Raising Capital

San Diego software startup Tower App Development said last week it is conducting a direct public offering, or DPO, at its website to raise the working capital it needs to complete development of its first mobile app, which CEO Tony Silva claims will revolutionize users online experience with social networks. Silva said the little-used DPO, limited to high net-worth investors residing in the Golden State, allows the company to sell shares directly without brokers and underwriters. Meanwhile, the SEC is set to announce this summer rules that will allow any investor anywhere to purchase shares in new companies through equity crowdfunding as part of the JOBS Act of 2012. More details on the Tower offering at www.tower.io. … On March 8, Oceanside’s Tri-City Medical Center became the first facility in Southern California — second in the state — to use a new icon for handicapped accessibility when it repainted 50 parking spaces for the disabled. The work is part of the Accessible Icon Project, which seeks to replace the old white-on-blue International Symbol of Access with an active image of those using a wheelchair. The current symbol was first developed in 1968, and is passive and static, said hospital officials. … More North County news: San Marcos’ Palomar College celebrated the opening of its new 6,600-square-foot Teaching & Learning Center on March 7. At the TLC, students can access a one-stop tutoring center with comfortable study areas and on-site counseling services. The one-story building was paid for through Proposition M, the $694 million bond voters approved in November 2006. The center will serve as home to a number of programs that begin in the fall semester designed to help students succeed in college. … University of California, San Diego marked the 20th anniversary of NAFTA, or the North American Free Trade Agreement, with a series of high-profile speakers March 6 featuring new UC System President Janet Napolitano. Other speakers included Arturo Sarukhan, former Mexican ambassador to the U.S., who spoke on the impact of the treaty today, and its potential impact into the future. … Finally. San Diego’s Air Law Institute presents its inaugural Air & Law Symposium at the California Western School of Law and San Diego Air & Space Museum on March 14-15. Linden Blue, vice chairman of General Atomics, keynotes the gathering, which will feature top speakers and panelists from aerospace and law to examine the integration of unmanned aircraft into the national airspace system, and the future of commercially financed space exploration. Till next week.

Contributing Editor Tom York pens the SDBJ Insider. You can reach him via email at tyork@sdbj.com or tom.york@gmail.com.

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