(Logo: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO)
"Raptor's sales efforts have not produced revenues to date sufficient to
support its operating strategy and the Company does not believe that it is
advisable to seek additional outside financing in support of our current
operating model at this time," noted Raptor Networks Technology Chairman and
CEO
About Raptor Networks Technology, Inc.
Raptor Networks Technology, Inc. has developed the world's first "distributed fabric" network switching architectures, all open-standards based, that benefit networks that provide newer latency-sensitive services such as video, VOIP, high speed server and storage clustering and the like. This patented Distributed Network Switching Technology enables new network build outs and performance upgrades of traditional chassis-based installations in a highly cost effective manner. Management believes that the unique advantage Raptor provides is speed over distance: data transport at wire speed, in hardware, between spatially separated network elements. Enhanced network reliability, lower power consumption and reduced form factor combine to enable significant savings in both acquisition costs as well as operating expense. Raptor's network switching products engender the feature set and versatility to run the most advanced new data applications.
For additional information please see http://www.raptor-networks.com.
Safe Harbor Statement
The statements in this release relating to future product availability, collaboration and partnership, and positive direction are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties, demand for Raptor Networks' products, the future market price of RPTN common stock and the Company's ability to obtain necessary future financing.
Contacts: Raptor Networks Technology, Inc. Tom Wittenschlaeger, CEO Bob Van Leyen, CFO 949-623-9300
SOURCE Raptor Networks Technology, Inc.