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)
                                  MARCH 9, 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 March 9, 2005, Raptor Networks  Technology,  Inc. (referred to herein as
the "Company,"  "Registrant"  or "Raptor")  secured  private debt financing from
various  private-party  non-affiliate  individuals,  in the  original  aggregate
principal  amount of Four Hundred Thirty Thousand  Dollars  ($430,000).  The net
proceeds  to  the  Company  are  Three  Hundred  Eighty-Seven  Thousand  Dollars
($387,000)  after the payment of a 10%  placement  fee. The debt is evidenced by
twelve  Convertible  Bridge Notes,  each dated March 9, 2005,  payable on demand
after August 31, 2005,  which accrue  interest at the annual rate of ten percent
(10%), and comprise an unsecured  obligation of the Company  (collectively,  the
"Notes").  The  entire  principal  and  accrued  interest  of  the  Notes  shall
automatically  convert into shares or debentures  (as the case may be) issued in
an equity or equity based financing with gross proceeds of at least Four Million
Dollars  ($4,000,000)  resulting  from  the  sale of the  Company's  Convertible
Debentures,  Series A Preferred  Stock,  or Common  Stock.  For purposes of this
conversion,  the holders of the Notes shall be deemed to have  tendered  120% of
the  outstanding  balance of the Notes as payment of the purchase  price in such
offering,  if any. In addition,  as further  consideration  for the private debt
financing,  on March 9,  2005,  the  Company  issued  to the  lenders a total of
258,000  warrants for purchase of shares of its Common Stock at a purchase price
of $0.60 per share, which warrants expire on March 9, 2010.

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,  on March 9,  2005,  the  Company  secured
additional private debt financing in the principal amount of Four Hundred Thirty
Thousand Dollars ($430,000). The details of this debt financing 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: March 15, 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": "05681137"}, "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)
                                  MARCH 9, 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 March 9, 2005, Raptor Networks  Technology,  Inc. (referred to herein as
the "Company,"  "Registrant"  or "Raptor")  secured  private debt financing from
various  private-party  non-affiliate  individuals,  in the  original  aggregate
principal  amount of Four Hundred Thirty Thousand  Dollars  ($430,000).  The net
proceeds  to  the  Company  are  Three  Hundred  Eighty-Seven  Thousand  Dollars
($387,000)  after the payment of a 10%  placement  fee. The debt is evidenced by
twelve  Convertible  Bridge Notes,  each dated March 9, 2005,  payable on demand
after August 31, 2005,  which accrue  interest at the annual rate of ten percent
(10%), and comprise an unsecured  obligation of the Company  (collectively,  the
"Notes").  The  entire  principal  and  accrued  interest  of  the  Notes  shall
automatically  convert into shares or debentures  (as the case may be) issued in
an equity or equity based financing with gross proceeds of at least Four Million
Dollars  ($4,000,000)  resulting  from  the  sale of the  Company's  Convertible
Debentures,  Series A Preferred  Stock,  or Common  Stock.  For purposes of this
conversion,  the holders of the Notes shall be deemed to have  tendered  120% of
the  outstanding  balance of the Notes as payment of the purchase  price in such
offering,  if any. In addition,  as further  consideration  for the private debt
financing,  on March 9,  2005,  the  Company  issued  to the  lenders a total of
258,000  warrants for purchase of shares of its Common Stock at a purchase price
of $0.60 per share, which warrants expire on March 9, 2010.

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,  on March 9,  2005,  the  Company  secured
additional private debt financing in the principal amount of Four Hundred Thirty
Thousand Dollars ($430,000). The details of this debt financing 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: March 15, 2005                      RAPTOR NETWORKS TECHNOLOGY, INC.
                                          --------------------------------

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

                                       -3-