UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                    --------

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                 Date of Report
                        (Date of earliest event reported)
                                 APRIL 22, 2005

                        RAPTOR NETWORKS TECHNOLOGY, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

           Colorado                    333-74846                84-1573852
           --------                    ---------                ----------
       (State or other          (Commission File Number)      (IRS Employer
jurisdiction of incorporation)                            Identification Number)

                          1241 E. Dyer Road, Suite 150
                               Santa Ana, CA 92705
                          ----------------------------
                    (Address of Principal Executive Offices)

                                 (949) 623-9300
                                 --------------
              (Registrant's Telephone Number, Including Area Code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):

[_]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

[_]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))




<PAGE>






Item 1.01     Entry Into A Material Definitive Agreement
--------------------------------------------------------

     On April 22, 2005, Raptor Networks Technology,  Inc. (referred to herein as
the   "Company")   secured   private  debt   financing   from  a   private-party
non-affiliate,  in the original  aggregate  principal  amount of Fifty  Thousand
Dollars  ($50,000).  The net  proceeds to the Company  are  Forty-Four  Thousand
Dollars  ($44,000),  after the payment of a twelve percent (12%)  placement fee.
The new debt is evidenced by an 8% Convertible  Note in the principal  amount of
$50,000, dated April 21, 2005, and payable on demand after October 21, 2006. The
Note accrues  interest at the annual rate of eight percent (8%) and comprises an
unsecured  obligation  of the  Company.  The note is part of an  offering of the
Company of up to $600,000 in 8%  Convertible  Bridge Notes,  issuable at $50,000
per note (the "Bridge Raise").  The entire principal and accrued interest of the
note shall automatically convert into shares of the Company's Common Stock (at a
twenty percent (20%)  discount from the purchase  price of the Company's  Common
Stock set forth in a future  financing,  if and when  undertaken by the Company)
issued in such future  financing  with gross  proceeds of at least Three Million
Dollars ($3,000,000).  The total amount of the Bridge Raise shall be included in
calculating the $3,000,000 for purposes of triggering the automatic conversion.

     As further consideration to the placement agent for securing the $50,000 in
debt  financing,  the Company  shall issue to the  placement  agent  warrants to
purchase the Company's  Common Stock in an amount equal to fifteen percent (15%)
of the number of shares to be converted upon conversion of the note,  whether or
not the note is ever  converted.  The  warrants  shall have a purchase  price of
$0.40 per share and shall expire five years from the date of issuance.

     The above referenced note and warrants are exempt from  registration  under
the Securities Act of 1933 pursuant to the exemption set forth in Regulation D.

Item 2.03      Creation Of A Direct Financial Obligation Or An Obligation Under
-------------------------------------------------------------------------------
An Off-Balance Sheet Arrangement Of A Registrant
------------------------------------------------

     As stated above in Item 1.01, the Company secured  additional  private debt
financing on April 22, 2005, in the original aggregate principal amount of Fifty
Thousand Dollars ($50,000). The details of this debt financings are described in
Item 1.01,  which is  incorporated  in its entirety by this  reference into this
Item 2.03.



























                                       -2-
<PAGE>






                                   SIGNATURES
                                   ----------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Date: April 28, 2005                       RAPTOR NETWORKS TECHNOLOGY, INC.
                                           --------------------------------



                                           By:  /s/ Bob van Leyen
                                              ----------------------------------
                                              Bob van Leyen
                                              Secretary/Chief Financial Officer







































                                       -3-
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{"company-data": {"conformed-name": "RAPTOR NETWORKS TECHNOLOGY INC", "cik": "0001163300", "assigned-sic": "7380", "irs-number": "841573852", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-74846", "film-number": "05780893"}, "business-address": {"street1": "1241 E. DYER ROAD", "street2": "SUITE 150", "city": "SANTA ANA", "state": "CA", "zip": "92705", "phone": "(949) 623-9300"}, "mail-address": {"street1": "1241 E. DYER ROAD", "street2": "SUITE 150", "city": "SANTA ANA", "state": "CA", "zip": "92705"}, "former-company": [{"former-conformed-name": "RAPTOR NETWORKS TECHNOLOGY  INC", "date-changed": "20031211"}, {"former-conformed-name": "PACIFIC INTERMEDIA INC", "date-changed": "20011205"}]}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                    --------

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                 Date of Report
                        (Date of earliest event reported)
                                 APRIL 22, 2005

                        RAPTOR NETWORKS TECHNOLOGY, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

           Colorado                    333-74846                84-1573852
           --------                    ---------                ----------
       (State or other          (Commission File Number)      (IRS Employer
jurisdiction of incorporation)                            Identification Number)

                          1241 E. Dyer Road, Suite 150
                               Santa Ana, CA 92705
                          ----------------------------
                    (Address of Principal Executive Offices)

                                 (949) 623-9300
                                 --------------
              (Registrant's Telephone Number, Including Area Code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):

[_]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

[_]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))
Item 1.01     Entry Into A Material Definitive Agreement
--------------------------------------------------------

     On April 22, 2005, Raptor Networks Technology,  Inc. (referred to herein as
the   "Company")   secured   private  debt   financing   from  a   private-party
non-affiliate,  in the original  aggregate  principal  amount of Fifty  Thousand
Dollars  ($50,000).  The net  proceeds to the Company  are  Forty-Four  Thousand
Dollars  ($44,000),  after the payment of a twelve percent (12%)  placement fee.
The new debt is evidenced by an 8% Convertible  Note in the principal  amount of
$50,000, dated April 21, 2005, and payable on demand after October 21, 2006. The
Note accrues  interest at the annual rate of eight percent (8%) and comprises an
unsecured  obligation  of the  Company.  The note is part of an  offering of the
Company of up to $600,000 in 8%  Convertible  Bridge Notes,  issuable at $50,000
per note (the "Bridge Raise").  The entire principal and accrued interest of the
note shall automatically convert into shares of the Company's Common Stock (at a
twenty percent (20%)  discount from the purchase  price of the Company's  Common
Stock set forth in a future  financing,  if and when  undertaken by the Company)
issued in such future  financing  with gross  proceeds of at least Three Million
Dollars ($3,000,000).  The total amount of the Bridge Raise shall be included in
calculating the $3,000,000 for purposes of triggering the automatic conversion.

     As further consideration to the placement agent for securing the $50,000 in
debt  financing,  the Company  shall issue to the  placement  agent  warrants to
purchase the Company's  Common Stock in an amount equal to fifteen percent (15%)
of the number of shares to be converted upon conversion of the note,  whether or
not the note is ever  converted.  The  warrants  shall have a purchase  price of
$0.40 per share and shall expire five years from the date of issuance.

     The above referenced note and warrants are exempt from  registration  under
the Securities Act of 1933 pursuant to the exemption set forth in Regulation D.

Item 2.03      Creation Of A Direct Financial Obligation Or An Obligation Under
-------------------------------------------------------------------------------
An Off-Balance Sheet Arrangement Of A Registrant
------------------------------------------------

     As stated above in Item 1.01, the Company secured  additional  private debt
financing on April 22, 2005, in the original aggregate principal amount of Fifty
Thousand Dollars ($50,000). The details of this debt financings are described in
Item 1.01,  which is  incorporated  in its entirety by this  reference into this
Item 2.03.

                                       -2-
SIGNATURES
                                   ----------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: April 28, 2005                       RAPTOR NETWORKS TECHNOLOGY, INC.
                                           --------------------------------

                                           By:  /s/ Bob van Leyen
                                              ----------------------------------
                                              Bob van Leyen
                                              Secretary/Chief Financial Officer

                                       -3-