ALISO VIEJO, Calif., Nov. 24, 2003 (PRIMEZONE) -- Raptor Networks Technology, Inc. (OTCBB:PFII) a wholly owned subsidiary of Pacific InterMedia, Inc., announced the appointment today of Roger Simpson to the position of Director of Marketing/Communications and Business Development.
Mr. Simpson joins Raptor Networks with over 10 years of extensive and diverse experience in the computer and networking industry. These responsibilities included recruiting and developing resellers in the territory, establishing relationships with end users, developing national advertising campaigns, internal and external sales promotions and determining inventory mix. Mr. Simpson's network expertise comes from working in numerous positions within Enterasys Networks and Cabletron.
President and CEO of Raptor Networks Technology, Inc., Lyle E. Pearson, remarked, "We are very excited that Roger has joined Raptor as the Director of Marketing/Communications and Business Development. This is a critical role encompassing many aspects of our business from developing new business channels, to marketing and advertising. We have worked together in the past and having seen his previous success firsthand. I am confident he will be an asset to Raptor."
Mr. Simpson commented, "I am very anxious to get on board with Raptor. It is an exciting time in the computer networking industry, particularly for Raptor. I look forward to this unique opportunity in becoming part of Raptor's rapid progress and future successes."
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. Raptor products provide increased speed, greater capacity plus cost effective implementation over existing switching and routing technologies. 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 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 pfii@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 PFII common stock and the Company's ability to obtain necessary future financing.