SANTA ANA, Calif. -- Raptor Networks Technology, Inc. (BULLETIN BOARD: RPTN) , today announced the closing of a $7.728 million equity financing. This funding activity was led by Brookstreet Securities Corporation, Irvine, CA. The terms of the transaction include warrants that give the investors the right to purchase additional common stock which, if exercised, would increase the total value of the funding to over $20 million.

"We anticipate that this round of financing will add momentum to Raptor Networks' market entry initiatives across broad target markets including video transport, network attached storage, disaster recovery, technology refresh, as well as within the Department of Defense," said Tom Wittenschlaeger, Chief Executive Officer. "This will allow the Company to take the next logical step in its evolution to a known presence and innovator in the broadband networking space."

Raptor Networks Technology Inc.