In light of a slower than expected growth in revenue, and as disclosed in
the Company's previous public filings, a range of business alternatives
focused on preserving enterprise value, including strategic partnerships,
licensing and shifting the Company from an operating to a licensing model have
been under consideration, should they become necessary. Our independent
auditors have questioned our ability to continue as a going concern in our
Annual Report for the period ended
About Raptor Networks Technology, Inc
Raptor Networks Technology, Inc. has developed the world's first "distributed core" 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.
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