ALISO VIEJO, Calif., Dec. 03, 2003 (PRIMEZONE) -- Pacific InterMedia, Inc., (OTCBB:PFII) announces that at a special meeting of shareholders held in Denver Colorado, shareholders voted in favor of a name change to Raptor Networks Technology, Inc. (OTCBB:RPTN) from Pacific InterMedia, Inc. The Company has also received confirmation from the NASD that its symbol will be changed from "PFII" to "RPTN" as of December 3, 2003.
About Raptor Networks Technology
Raptor Networks Technology, Inc. provides unique patent pending switching technologies that are modular and can be employed by any company utilizing all network transport data. This cost-effective "Distributed Network Switching Technology" enables upgrading of networks with switches that can provide more advance management of Video, Voice over IP (VoIP), Storage Networks and other high bandwidth network applications. Approximately 95% of today's networks continue to be based on standards and technology optimized for handling the single data type that was prevalent over 30 years ago. Raptor products provide increased speed, greater capacity plus cost effective implementation over existing switching and routing technologies. Raptor has recently applied for nine utility patents on design layout of Raptor switches and filing 16 additional patents.
For additional information please see www.raptor-networks.com. To register for e-mails, please send your e-mail address to rptn@focuspartners.com.
Safe Harbor Statement
The statements in this release relating to future product availability 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, the future market price of the common stock and the Company's ability to obtain necessary future financing.