Raptor Networks Technology, Inc. Announces Settlement of Legal Dispute

Raptor Networks Technology, Inc. Announces Settlement of Legal Dispute

SANTA ANA, Calif., Dec. 20 /PRNewswire-FirstCall/ -- Raptor Networks Technology, Inc. (BULLETIN BOARD: RPTN) , announced the settlement of a legal dispute in the case of Shapiro vs. Raptor Networks Technology, Inc. The terms of the settlement were not disclosed.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO )

Tom Wittenschlaeger, Chief Executive Officer of Raptor Networks, commented, "Raptor is pleased to bring this matter to a close in a manner that has no material impact on the company. The resolution of this dispute was satisfied almost exclusively through consideration to be paid by the Company's founders."

About Raptor Networks Technology, Inc.

Raptor Networks Technology, Inc. provides standards based and unique patent pending switching technologies that are modular and can benefit networks that incorporate newer applications such as video, VOIP, storage networks and other high-bandwidth network applications. This cost-effective "Distributed Network Switching Technology" enables upgrading of networks with switches to provide more advanced management of these new applications. Raptor products provide increased speed, greater capacity plus cost-effective implementation over existing switching and routing technologies. Management believes that the unique advantage Raptor achieves is data transport at wire speed (the maximum speed at which the equipment is built to operate). This is the highest density 10 Gigabit wire speed offering currently on the market, with the versatility to run the most advanced new data applications at the most cost-effective price.

For additional information please see, www.raptor-networks.com.

Safe Harbor Statement


The statements in this release relating to future product availability, collaboration and partnership, 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, demand for Raptor Networks' products, the future market price of RPTN common stock and the Company's ability to obtain necessary future financing.

Contacts:
Raptor Networks Technology, Inc.
Tom Wittenschlaeger/Bob Van Leyen
Tel: 949-623-9300


Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Raptor Networks Technology, Inc.

CONTACT: Tom Wittenschlaeger or Bob Van Leyen, of Raptor Networks
Technology, Inc., +1-949-623-9300

Web site: http://www.raptor-networks.com/


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