Update on uWink

We believe that uWink may well be the new model for social-gaming eatertainment venues, which is why we've provided ongoing coverage. Read on to find out the latest about this unique concept we've been following since Day 1.

We have been giving uWink, the new social gaming eatertainment facility, continual coverage, as it could well prove to be the new model for a successful chain of social-gaming eatertainment venues.

In November, uWink raised $10.4 million of equity financing to fund new restaurant development and general capital needs. Investors purchased 5.2 million units at $2 per unit. Each unit consisted of one share of common stock and a warrant to purchase one additional share of common stock for $2.40.

In addition to the three new locations identified in last issue's story on uWInk, the companyhas announced that it will be opening a 7,000-square-foot location in Mountain View, California, in early 2008.

For more about uWink, see our story, What's happening with uWink? in our last issue.