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 30, 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 30, 2005,  the Company  secured  private debt  financing  from two
private-party  non-affiliates in the original aggregate  principal amount of One
Hundred  Thousand  Dollars  ($100,000).  The net  proceeds  to the  Company  are
Eighty-Eight  Thousand Dollars ($88,000),  after the payment of a twelve percent
(12%) placement fee. The new debt is evidenced by two 8% Convertible Notes, each
in the principal  amount of $50,000.  The notes are dated  February 28, 2005 and
March 11, 2005 and payable on demand  after  August 28, 2006 and  September  11,
2006 respectively. The notes accrue interest at the annual rate of eight percent
(8%) and comprise an unsecured obligation of the Company.

     On March 30, 2005, the Company secured additional  partially-funded private
debt  financing from a  private-party  non-affiliate  in the original  aggregate
principal amount of Fifty Thousand Dollars  ($50,000).  As of April 4, 2005, the
Company had  received  Twenty One Thousand  Dollars  ($21,000)  and  anticipates
receiving  the  additional  Twenty Nine Thousand  Dollars  ($29,000) by April 8,
2005.  After receipt of the entire Fifty  Thousand  Dollars  ($50,000),  the net
proceeds to the Company will be 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 February 28, 2005,
and payable on demand  after  August 28,  2006,  which  accrues  interest at the
annual rate of eight percent (8%) and  comprises an unsecured  obligation of the
Company.

     All three of the above  referenced  notes  are 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
notes shall automatically  convert into shares of the Company's Common Stock (at
a twenty  percent (20%)  discount from the purchase  price 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 $150,000
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 notes, whether or
not the notes are ever  converted.  The warrants  shall have a purchase price of
$0.40 per share and shall expire five years from the date of issuance.

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  in the  original  aggregate  principal  amount of One  Hundred  Fifty
Thousand Dollars ($150,000). 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: April 5, 2005                        RAPTOR NETWORKS TECHNOLOGY, INC.
                                           --------------------------------


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






































                                      - 3 -
[{"type": "8-K", "sequence": "1", "filename": "raptor8k033005.txt", "description": "RAPTOR NETWORKS TECHNOLOGY 8K, 03.30.05", "secsgml_size_bytes": 6499}]
{"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": "05733625"}, "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 30, 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 30, 2005,  the Company  secured  private debt  financing  from two
private-party  non-affiliates in the original aggregate  principal amount of One
Hundred  Thousand  Dollars  ($100,000).  The net  proceeds  to the  Company  are
Eighty-Eight  Thousand Dollars ($88,000),  after the payment of a twelve percent
(12%) placement fee. The new debt is evidenced by two 8% Convertible Notes, each
in the principal  amount of $50,000.  The notes are dated  February 28, 2005 and
March 11, 2005 and payable on demand  after  August 28, 2006 and  September  11,
2006 respectively. The notes accrue interest at the annual rate of eight percent
(8%) and comprise an unsecured obligation of the Company.

     On March 30, 2005, the Company secured additional  partially-funded private
debt  financing from a  private-party  non-affiliate  in the original  aggregate
principal amount of Fifty Thousand Dollars  ($50,000).  As of April 4, 2005, the
Company had  received  Twenty One Thousand  Dollars  ($21,000)  and  anticipates
receiving  the  additional  Twenty Nine Thousand  Dollars  ($29,000) by April 8,
2005.  After receipt of the entire Fifty  Thousand  Dollars  ($50,000),  the net
proceeds to the Company will be 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 February 28, 2005,
and payable on demand  after  August 28,  2006,  which  accrues  interest at the
annual rate of eight percent (8%) and  comprises an unsecured  obligation of the
Company.

     All three of the above  referenced  notes  are 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
notes shall automatically  convert into shares of the Company's Common Stock (at
a twenty  percent (20%)  discount from the purchase  price 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 $150,000
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 notes, whether or
not the notes are ever  converted.  The warrants  shall have a purchase price of
$0.40 per share and shall expire five years from the date of issuance.

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  in the  original  aggregate  principal  amount of One  Hundred  Fifty
Thousand Dollars ($150,000). 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: April 5, 2005                        RAPTOR NETWORKS TECHNOLOGY, INC.
                                           --------------------------------

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

                                      - 3 -