UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-KSB


[X]  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934
     For the fiscal year ended       August 31, 2003
                                  --------------------

[ ]  TRANSITION  REPORT UNDER  SECTION 13  OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934
     For the transition period from                to
                                    -------------       -----------------

                        Commission file number   333-74846
                                               -------------


                            Pacific InterMedia, Inc.
           -----------------------------------------------------------
           (Name of small business issuer as specified in its charter)

                          65 Enterprise Road, Suite 420
                          Aliso Viejo, California 92656
                                 (949) 330-6540
           ----------------------------------------------------------
           (Address of principal executive office & telephone number)

             Colorado                                 84-1480636
     ------------------------               -------------------------------
     (State of incorporation)               (IRS Employer Identification #)


     Securities registered under Section 12(b) of the Exchange Act: None

     Securities  registered  under  Section  12(g) of the Exchange  Act:  Common
     Stock, par value $.001 per share

[X]  Check whether the issuer (1) has filed all reports  required to be filed by
     Section  13 or 15(d) of the  Securities  Exchange  Act of 1934  during  the
     preceding 12 months (or for such  shorter  period that the  registrant  was
     required  to file such  reports),  and (2) has been  subject to such filing
     requirements for the past 90 days.

[ ]  Check  if there  is no disclosure of delinquent  filers in response to Item
     405 of Regulation SB is not contained in this form, and no disclosure  will
     be contained, to the best of registrant's knowledge, in definitive proxy or
     information  statements  incorporated by reference in Part III of this Form
     10-KSB or any amendment to this Form 10-KSB.

     State issuer's revenues for the most recent fiscal year: $44,093

     The aggregate market value of the voting and non-voting  common equity held
     by  non-affiliates  computed by  reference to the price at which the common
     equity was sold is $51,700 as of October 13, 2003.  Such common equity held
     by non-affiliates represents 1,034,000 shares. Because of the absence of an
     established  trading market for such common stock, the registrant is unable
     to calculate an aggregate  market value on the basis of the average bid and
     asked price of such common  equity,  as of a specified date within the last
     60 days.

     The number of shares outstanding of Pacific  InterMedia,  Inc. common stock
     was  4,034,000  as of October  13,  2003.  On October 22,  2003,  following
     completion of the Issuer's acquisition of Raptor Networks Technology, Inc.,
     in a share-for-share exchange transaction, the number of shares outstanding
     of Pacific Intermedia, Inc.'s common stock was 20,195,256.

     Until December 2, 2003, Pacific  InterMedia,  Inc.'s common stock traded on
     the Over-The-Counter Bulletin Board under the symbol "PFII". On December 3,
     2003, the  Registrant's  name was changed to "Raptor  Networks  Technology,
     Inc." and the common stock began trading under the symbol "RPTN".

                       Documents Incorporated by Reference
                       -----------------------------------

Pacific  InterMedia,  Inc.  incorporates  by reference  no: (1) annual report to
shareholders;  (2) any proxy or information  statement;  nor, (3) any prospectus
filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933.


   Transitional Small Business Disclosure Format (check one): [ ] Yes [ X] No

<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------



                                Table of Contents
                                -----------------


                                     Part I

Item 1.    Description of Business...........................................3
Item 2.    Description of Property...........................................3
Item 3.    Legal Proceedings.................................................4
Item 4.    Submission of Matters to a Vote of Security Holders...............4

                                     Part II

Item 5.    Market for Common Equity and Related Stockholder Matters..........4
Item 6.    Management's Discussion and Analysis or Plan of Operation.........4
Item 7.    Financial Statements..............................................6
Item 8.    Changes and Disagreements with Accountants.......................16

                                    Part III

Item 9.    Directors, Executive Officers, Promoters and Control Persons;
Item 10.   Compliance with Section 16(a) of the Exchange Act................16
           Executive Compensation...........................................18
Item 11.   Security Ownership of Certain Beneficial Owners and Management
             and Related Stockholder Matters................................18
Item 12.   Certain Relationships and Related Transactions...................19
Item 13.   Exhibits and Reports on Form 8-K.................................19

     Signatures.............................................................21

























                                     Page 2
<PAGE>

Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------

                                     PART I
                                     ------


         Special Cautionary Notice Regarding Forward-Looking Statements
         --------------------------------------------------------------

Various  matters  discussed in this  document and in documents  incorporated  by
reference herein,  including  matters discussed under the caption  "Management's
Discussion and Analysis of Financial  Condition and Results of Operations",  may
constitute forward-looking statements for purposes of the Securities Act and the
Securities Exchange Act. These forward-looking  statements may involve known and
unknown  risks,  uncertainties  and other  factors  which  may cause the  actual
results, performance or achievements of Pacific InterMedia, Inc. (the "Company")
to be materially  different from future  results,  performance  or  achievements
expressed or implied by such  forward-looking  statements.  The words  "expect",
"anticipate", "intend", "plan", "believe", "seek", "estimate", and other similar
expressions  are  intended  to identify  such  forward-looking  statements.  The
Company's actual results may differ  materially from the results  anticipated in
these  forward-looking  statements  due to a variety of factors.  All written or
oral  forward-looking  statements  attributable  to the  Company  are  expressly
qualified in their entirety by these cautionary statements.


Item 1.  Description of Business
--------------------------------

Pacific  InterMedia,   Inc.,  a  development  stage  corporation  ("Company"  or
"Registrant")  was organized  under the laws of the State of Colorado on January
22, 2001. Pacific InterMedia marketed and provided financial publishing services
to small and mid-sized  public  companies.  The Company  offered a full range of
EDGAR filing  services to companies that desired to outsource the formatting and
electronic filing of their registration  statements,  periodic reports and other
forms with the U. S. Securities and Exchange Commission.

Pacific InterMedia, Inc. has generated minimal revenues since its inception. Its
primary focus was  organizational  efforts,  developing a marketing and business
plan, and evaluating  appropriate  methods for obtaining  interim  funding.  The
Company's  management  realized a need to raise  funds in order to proceed  with
marketing and business plan  development and  implementation  and in fiscal year
2003, began exploring  opportunities  that would enhance  shareholder value, and
pursuing an opportunity for a business combination or acquisition.

On October 17, 2003, Pacific InterMedia,  Inc. completed a business  combination
transaction  with Raptor  Networks  Technology,  Inc., a closely held California
corporation   ("Raptor").   The  Registrant  acquired  all  of  the  issued  and
outstanding  capital stock of Raptor in a cashless common stock  share-for-share
exchange in which Raptor became a wholly-owned subsidiary of Pacific InterMedia,
Inc. With completion of the overall acquisition transaction, Pacific InterMedia,
Inc.  terminated its previous  commercial  operations and, by and through Raptor
Networks Technology,  has become engaged in the data network switching industry;
in the design, production,  sales and service of standards-based and proprietary
high  speed  switching  technology  applied  to  sophisticated  inter-networking
systems operating in a large variety of new and existing  government and private
sector network systems.

Raptor  Networks  Technology,  Inc. was  incorporated on July 24, 2003 following
pre-incorporation  design  activity  beginning  in 2002 by its  founders  and is
itself a start-up, development stage company.

Employees
---------

For the fiscal year ending  August 31, 2003;  Pacific  InterMedia,  Inc. had one
employee; the sole officer and director of the Company.

Effective  October 17, 2003; as a result of completing the acquisition of Raptor
Networks  Technology,  and a change in control of the Registrant,  the Company's
officers have changed. See Directors,  Executive Officers, Promoters and Control
Persons, page 16.


Item 2.  Description of Property
--------------------------------

During the fiscal year ended August 31, 2003; Pacific InterMedia,  Inc. owned no
real property.  Its offices located at 3354 South Flower Street,  #61, Lakewood,
Colorado  80227,  were  provided  rent free,  pursuant to an agreement  with the
Company's president.

Effective  October 17, 2003; as a result of completing the acquisition of Raptor
Networks Technology,  the Registrant's principal office has been relocated to 65
Enterprise Road, Suite 420, Aliso Viejo,  California 92656;  where its telephone
number is (949) 330-6540.

                                     Page 3
<PAGE>

Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Item 3.  Legal Proceedings
--------------------------

Pacific InterMedia, Inc. has never been involved in any legal proceeding, and is
not now subject to any pending  legal  proceedings.  The Company is not aware of
any  threatened  legal  proceedings.  The foregoing is also true with respect to
each officer,  director and control  shareholder  as well as any entity owned by
any current officer,  director and control shareholder of the Company,  over the
last five years.


Item 4.  Submission of Matters to a Vote of Security Holders
------------------------------------------------------------

No matter was  submitted  during the fiscal year ended August 31, 2003 to a vote
of  security  holders,  through the  solicitation  of proxies or  otherwise.  On
November 21, 2003 at a Special  Shareholders  Meeting held in Denver,  Colorado,
the Company's  shareholders  approved  change of the  Company's  name to "Raptor
Networks Technology, Inc.", effective December 3, 2003.


Item 5.  Market for Common Equity and Related Stockholder Matters
-----------------------------------------------------------------

For the fiscal  year  ending  August 31,  2003  there is no  established  public
trading  market for the  company's  stock,  as it is listed on the OTC  Bulletin
Board under the symbol "PFII".

The quotations provided below are for the over the counter market and subsequent
to  October  17,  2003  presumably   reflects  completion  of  the  Registrant's
acquisition of its wholly-owned subsidiary Raptor Networks Technology,  Inc. The
quotations   provided  are  for  the  over  the  counter  market  which  reflect
interdealer prices without retail mark-up, mark-down or commissions, and may not
represent actual transactions.  The bid prices indicated have been obtained from
sources believed to be reliable:

Period                                       Low              High
------                                       ---              ----
09/30/03 - 12/04/03                         $2.20             $6.00

The  Company  has  never  paid  dividends.  At  present,  the  Company  does not
anticipate  paying any dividends on its common stock in the  foreseeable  future
and intends to devote any earnings to the development of its business.

Holders
-------

The  Registrant had 4,034,000  shares of common stock issued and  outstanding on
October 13, 2003, of which 1,034,000 are registered shares held by approximately
25  shareholders,  and  3,000,000  shares  were  restricted  stock  held  by the
Company's  founder,  sole officer and director.  On October 22, 2003,  following
completion of the Company's acquisition of Raptor as its wholly-owned subsidiary
in a  cashless,  share-for-share  exchange  of  common  stock  transaction,  the
Registrant had 20, 195,256 shares of its Common Stock  outstanding of which some
1,034,000 are  registered  free-trading  shares and  19,161,256  are  restricted
shares held by approximately 33 shareholders.


Item 6.  Management's  Discussion and Analysis or  Plan of Operation and Results
--------------------------------------------------------------------------------
of Operations
-------------

Pacific  InterMedia,  Inc. has generated  minimal revenues since inception.  Its
primary  focus has been  organizational  efforts,  developing  a  marketing  and
business plan, and evaluating appropriate methods for obtaining interim funding.
Pacific  Intermedia's  management  realized  a need to  raise  funds in order to
proceed with  marketing and business plan  development  and  implementation.  In
fiscal year 2003,  management began exploring  opportunities  that might enhance
shareholder  value,  and began  evaluating  and  pursuing an  opportunity  for a
business combination or acquisition.

In September, 2003, the Company entered into an agreement to combine with Raptor
Networks Technology,  Inc. and on October 17, 2003, completed its acquisition of
Raptor Networks Technology,  Inc., a closely-held California corporation, as its
wholly-owned subsidiary. With completion of the overall acquisition transaction,
the Company terminated its previous commercial  operations and, operating solely
by and  through  Raptor  Networks  Technology,  has  become  engaged in the data
network  switching  industry;  in the design,  production,  sales and service of
standards-based  and  proprietary  high speed  switching  technology  applied to
sophisticated  inter-networking  systems operating in a large variety of new and
existing  government and private sector systems. As an aspect of the acquisition

                                     Page 4
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


transaction on October 17, 2003,  the officers and directors of Raptor  Networks
Technology,  Inc.  were  appointed  the  management  and  the  Directors  of the
Registrant, and its previous sole officer and director resigned in sequence.

Raptor Networks  Technology has designed a series of related products called the
Ether-Raptor  line, a modular set of Ethernet  switching  components  based on a
common set of  proprietary  hardware and software  modules which can be produced
with line cards from base units.  The management of Raptor  Networks  Technology
considers  the  Ether-Raptor   family  of  products  to  have  nearly  universal
application to users' inter-networking requirements and can be utilized anywhere
on a network where a switch is required.

Raptor Networks Technology has produced the first prototypes and has applied for
nine process, or utility,  patents for the Ether-Raptor product line series. All
of the  patent  applications  have been  assigned  to the  Registrant.  Software
copyrights are complete and the first Raptor product,  the Ether-Raptor 1010, is
commercially available and is currently being marketed.

The Registrant's total revenue from operations decreased slightly,  by $1,464 or
3.2%,  from the  comparable  period in 2002 at $44,093 for the year ended August
31, 2003 as compared to total  revenues of $45,557 for the year ended August 31,
2002.  The  decline was due to a  reduction  in filing fee  revenues in the year
ended  August  31,  2003  arising  from  decreased  EDGAR  filing  volume,   the
Registrant's sole source of revenue during the period.

Total expenses for the year ended August 31, 2003  increased in comparison  with
the year ended August 31, 2002 by $9,789,  or 19%, from $51,406 to $61,195,  due
to an overall  increase in general  and  administrative  expense,  predominantly
arising from  increased  contract  labor cost and increased  legal fees incurred
during the period.

Pacific Intermedia, Inc. sustained a net loss for the year ended August 31, 2003
of $14,102  compared  to a net loss of $4,849 for the same  period in 2002.  The
principal  causes of the  increase in net loss were the  increase in general and
administrative  expense incurred and the relatively marginal decrease in revenue
realized.

Subsequent Developments
-----------------------

Upon completion of the Company's acquisition of Raptor Networks Technology, Inc.
on  October  17,  2003,  the  Registrant   terminated  its  previous  commercial
operations  all together and began  operations  in the data  networks  switching
business,  solely by and through  Raptor  Networks  Technology,  Inc.  Raptor is
itself a start-up,  development  stage enterprise with negligible  revenues from
operations  since its  inception in mid-2003.  Financial  Statements  for Raptor
Networks  Technology,  Inc. and Pro Form  Combined  Financial  Statements of the
Registrant and Raptor Networks Technology,  Inc. are due to be filed on December
16,  2003 by  Amendment  to the  Registrant's  Current  Report on Form 8-K which
original  Current  Report was dated  October 17, 2003.  Due to the  Registrant's
abandonment  of its  previous  business in favor of adopting the business of its
new  subsidiary,  the pro forma  combined  financials  will  likely not  provide
meaningful  comparisons  with the Registrant's  prior fiscal periods.  They will
however present the current financial condition of the Registrant,  still in the
development stage, and now engaged in the data network switching business.

Going Concern Considerations
----------------------------

Raptor  Networks  Technology,  Inc. has incurred  losses from  operations  since
inception and, while having  secured  substantial  letters of intent to purchase
its product systems equipment, to December 10, 2003, it has no sales commitments
and has  generated  only  negligible  revenue.  In order for the  Registrant  to
sustain  operations  and implement its business  plan,  the Company will require
additional  capital to support  operations until sufficient revenue from product
sales is achieved.  The  Registrant  expects its Raptor and Pro Forma  financial
statements  when  completed to express  substantial  going concern doubt arising
from those circumstances.

The Registrant,  while expecting to be generally  influenced by changes in rates
of inflation,  interest rates and overall economic activity, does not anticipate
that it will be  significantly  or particularly  affected by future inflation in
its data network switching business commercial activities.








                                     Page 5
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------



                              Financial Statements
                              --------------------



                                    Contents



                                                                       Page
                                                                       ----

Report of Independent Public Accountants                                7

Financial Statements

        Balance Sheet                                                   8

        Statement of Operations                                         9

        Statement of Stockholders' Equity (Deficit)                    10

        Statement of Cash Flows                                        11

        Notes to Financial Statements                                  13

































                                     Page 6
<PAGE>




                    REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
                    ----------------------------------------



The Board of Directors and Stockholders of
Pacific InterMedia, Inc.


We have audited the accompanying  balance sheet of Pacific  InterMedia,  Inc. (a
development stage company) as of August 31, 2003, and the related  statements of
operations, stockholders' equity (deficit), and cash flows for each of the years
ended  August 31, 2003 and 2002 and for the period from  inception  (January 22,
2001) to August 31, 2003. These financial  statements are the  responsibility of
the Company's  management.  Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audit in accordance with auditing standards  generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain  reasonable  assurance  about  whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Pacific InterMedia,  Inc. as of
August 31, 2003,  and the results of its  operations,  changes in  stockholders'
equity  (deficit) and cash flows for each of the years ended August 31, 2003 and
2002, and for the period from inception (January 22, 2001) to August 31, 2003 in
conformity with accounting principles generally accepted in the United States of
America.


Denver, Colorado
October 23, 2003


                                                        /s/ Comiskey & Co.
                                                        ------------------
                                                        PROFESSIONAL CORPORATION




















                                     Page 7
<PAGE>



                            Pacific InterMedia, Inc.
                          (A Development Stage Company)

                                  BALANCE SHEET
                                 August 31, 2003




  ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                     $        8,712
  Accounts receivable                                                    9,738
  Loan receivable - related party                                       10,200
                                                                ----------------

    Total current assets                                                28,650

EQUIPMENT - AT COST
  Office equipment                                                      10,782
  Less accumulated depreciation                                          4,612
                                                                ----------------

                                                                         6,170

Deferred tax asset                                                       5,000
                                                                ----------------

    TOTAL ASSETS                                                $       39,820
                                                                ================

  LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable                                              $        5,891
  Customer deposits                                                      1,053
                                                                ----------------

    Total current liabilities                                            6,944


STOCKHOLDERS' EQUITY

Preferred stock, no par value; 5,000,000
   shares authorized                                                         -
Common stock, $0.001 par value; 50,000,000
  shares authorized; 4,034,000 shares issued and
  outstanding                                                            4,034
Additional paid-in capital                                              53,816
Deficit accumulated during the development stage                       (24,974)
                                                                ----------------

    Total Stockholders' Equity                                          32,876
                                                                ----------------

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $       39,820
                                                                ================













   The accompanying notes are an integral part of these financial statements.

                                     Page 8
<PAGE>



<TABLE>
<CAPTION>
                            Pacific InterMedia, Inc.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS




                                          Inception
                                      (January 22, 2001)     For the year        For the year
                                              to                ended               ended
                                       August 31, 2003     August 31, 2003     August 31, 2002
                                       ----------------    ----------------    ----------------


<S>                                    <C>                 <C>                 <C>
Revenues                               $      103,562      $       44,093      $       45,557

Cost of goods sold                             77,876              36,324              35,098
                                       ----------------    ----------------    ----------------

  Gross profit                                 25,686               7,769              10,459

General and administrative expenses            58,930              24,871              16,308
                                       ----------------    ----------------    ----------------

  Net loss from operations                    (33,244)            (17,102)             (5,849)

  Gain on sale of equipment                     3,270                   -                   -
                                       ----------------    ----------------    ----------------

  Net loss before income taxes                (29,974)            (17,102)             (5,849)

Federal and state income tax benefit           (5,000)             (3,000)             (1,000)
                                       ----------------    ----------------    ----------------

  NET LOSS                                    (24,974)            (14,102)             (4,849)

Deficit accumulated during
  the development stage

  Balance, beginning of period                      -             (10,872)             (6,023)
                                       ----------------    ----------------    ----------------

  Balance, end of period               $      (24,974)     $      (24,974)     $      (10,872)
                                       ================    ================    ================

NET LOSS PER SHARE                     $        (0.01)     $        (0.01)     $            -
                                       ================    ================    ================

WEIGHTED AVERAGE NUMBER OF
 SHARES OF COMMON STOCK
 AND COMMON STOCK
 EQUIVALENTS OUTSTANDING                    3,432,736           4,034,000           3,000,000
                                       ================    ================    ================
</TABLE>

















   The accompanying notes are an integral part of these financial statements.

                                     Page 9
<PAGE>



<TABLE>
<CAPTION>
                            Pacific InterMedia, Inc.
                          (A Development Stage Company)

                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)



                                        Common stock                               Deficit            Total
                                 ---------------------------    Additional       accumulated      stockholders'
                                  Number of                      paid-in         during the          equity
                                    shares         Amount        capital      development stage     (deficit)
                                 ------------   ------------   ------------   -----------------   -------------
<S>                                <C>          <C>            <C>            <C>                 <C>
Common stock issued for
     services, January 2001,
     $0.001 per share              3,000,000    $     3,000    $         -    $             -     $     3,000

Net loss, August 31, 2001                  -              -              -             (6,023)         (6,023)
                                 ------------   ------------   ------------   -----------------   -------------

Balance, August 31, 2001           3,000,000          3,000              -             (6,023)         (3,023)

Common stock issued for
     cash, July 2002
     $0.001 per share              1,034,000          1,034         50,666                  -          51,700

Contributed rent                           -              -          1,350                  -           1,350

Net loss, August 31, 2002                  -              -              -             (4,849)         (4,849)
                                 ------------   ------------   ------------   -----------------   -------------

Balance, August 31, 2002           4,034,000          4,034         52,016            (10,872)         45,178

Contributed rent                           -              -          1,800                  -           1,800

Net loss, August 31, 2003                  -              -              -            (14,102)        (14,102)
                                 ------------   ------------   ------------   -----------------   -------------

Balance, August 31, 2003           4,034,000    $     4,034    $    53,816    $       (24,974)    $    32,876
                                 ============   ============   ============   =================   =============
</TABLE>

























   The accompanying notes are an integral part of these financial statements.

                                     Page 10
<PAGE>



<TABLE>
<CAPTION>
                            Pacific InterMedia, Inc.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS


                                                         Inception
                                                     (January 22, 2001)     For the year        For the year
                                                             to                ended               ended
                                                      August 31, 2003     August 31, 2003     August 31, 2002
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITES
  Net income (loss)                                   $      (24,974)     $      (14,102)     $       (4,849)
  Adjustments to reconcile net income (loss) to net
  cash flows from operating activities:
    Depreciation                                               4,611               2,659               1,849
    (Gain) loss on sale of equipment                          (3,270)                  -                   -
    Stock issued for services                                  3,000                   -                   -
    Donated rent                                               3,150               1,800               1,350
    (Increase) decrease in accounts receivable               (19,938)            (14,117)             (4,740)
    (Increase) decrease in deferred tax asset                 (5,000)             (3,000)             (1,000)
    Increase (decrease) in accounts payable                    5,892               1,042               3,349
    Increase (decrease) in prepaid expenses                        -                   -                 200
    Increase (decrease) in customer deposits                   1,053              (1,605)              2,658
                                                      ----------------    ----------------    ----------------

      Net cash flows form operating activities               (35,476)            (27,323)             (1,183)
                                                      ----------------    ----------------    ----------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Proceeds from sale of equipment                              6,150                   -                   -
  Purchase of equipment                                      (13,662)             (4,359)             (3,394)
                                                      ----------------    ----------------    ----------------

      Net cash flows from investing activities                (7,512)             (4,359)             (3,394)
                                                      ----------------    ----------------    ----------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from issuance of common stock                      51,700                   -              51,700
  Proceeds from note payable                                  15,000                   -                   -
  Repayment of note payable                                  (15,000)                  -             (15,000)
                                                      ----------------    ----------------    ----------------

      Net cash flows from financing activities                51,700                   -              36,700
                                                      ----------------    ----------------    ----------------


NET INCREASE (DECREASE) IN CASH AND CASH
   EQUIVALENTS                                                 8,712             (31,682)             32,123

CASH AND CASH EQUIVALENTS,
   BEGINNING OF PERIOD                                             -              40,394               8,270
                                                      ----------------    ----------------    ----------------

CASH AND CASH EQUIVALENTS,
   END OF PERIOD                                      $        8,712      $        8,712      $       40,393
                                                      ================    ================    ================
</TABLE>










   The accompanying notes are an integral part of these financial statements.

                                     Page 11
<PAGE>



                            Pacific InterMedia, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 August 31, 2003


1.   Summary of Significant Accounting Policies
     ------------------------------------------
     Description
     -----------
     Pacific InterMedia, Inc. (the "Company") was incorporated under the laws of
     the State of Colorado  on January 22,  2001.  The  principal  office of the
     corporation is 3354 South Flower Street, #61, Lakewood, Colorado 80227.

     The Company is a media  consulting  company that  provides  EDGARizing  and
     other services for publicly-traded  companies. The Company considers itself
     in the development stage, since it has generated minimal operating revenues
     to date, and its activities have been geared toward organizational efforts,
     developing a business plan, and obtaining interim funding.

     Accounting Method
     -----------------
     The Company records income and expenses on the accrual method.

     Fiscal Year
     -----------
     The fiscal year of the corporation is August 31.

     Accounts Receivable
     -------------------
     The  Company  writes  off  accounts  receivable  as bad debts when they are
     determined to be  uncollectible.  Based on the Company's  experience,  this
     practice   approximates   treatment  under  Generally  Accepted  Accounting
     Principles.

     Loss per Share
     --------------
     Loss per share was computed using the weighted  average number of shares of
     common stock and common stock equivalents outstanding during the period.

     Depreciation
     ------------
     Depreciation  for both financial  reporting and tax purposes is provided on
     the  straight-line  and  accelerated  methods over the following  estimated
     useful lives:

                       Office equipment            5 years

     Impairment or Disposal of Long-Lived Assets
     -------------------------------------------
     In August 2001,  the FASB issued  Statement  No. 144,  "Accounting  for the
     Impairment or Disposal of Long-Lived Assets" ("FAS 144"). FAS 144 clarifies
     the accounting  for the impairment of long-lived  assets and for long-lived
     assets to be disposed of,  including the disposal of business  segments and
     major  lines of  business.  The Company  has  implemented  FAS 144 for this
     fiscal year.  Long-lived  assets are reviewed when facts and  circumstances
     indicate that the carrying value of the asset may not be recoverable.  When
     necessary,  impaired  assets are written down to estimated fair value based
     on the best information available.  Estimated fair value is generally based
     on either appraised value or measured by discounting  estimated future cash
     flows. Considerable management judgment is necessary to estimate discounted
     future cash flows.  Accordingly,  actual  results could vary  significantly
     from such estimates.

     No impairment was recorded in the fiscal year ending August 31, 2003.







                                     Page 12
<PAGE>



                            Pacific InterMedia, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 August 31, 2003


1.   Summary of Significant Accounting Policies (continued)
     ------------------------------------------------------

     Repairs and Maintenance
     -----------------------
     Repairs and maintenance of a routine nature are charged as incurred,  while
     those which extend or improve the life of existing assets are capitalized.

     Concentration of Credit Risk
     ----------------------------
     The Company  operates  primarily in Colorado.  The Company grants credit to
     its customers, which are predominantly businesses within the Denver area.

     As of August 31, 2003, accounts receivable from two customers accounted for
     approximately 62% of accounts receivable.

     Financial Instruments
     ---------------------
     Unless  otherwise  indicated,  the fair  value of all  reported  assets and
     liabilities which represent  financial  instruments (none of which are held
     for trading purposes) approximate the carrying values of such amounts.

     Statement of Cash Flows
     -----------------------
     For purposes of the  statement  of cash flows,  the Company  considers  all
     highly liquid debt instruments purchased with an original maturity of three
     months or less to be cash  equivalents.  There was no cash paid  during the
     year ended  August 31, 2003 or the period  ended August 31, 2002 related to
     interest or income taxes.

     Use of Estimates
     ----------------
     The  preparation of the Company's  financial  statements in conformity with
     generally accepted accounting  principles requires the Company's management
     to make estimates and assumptions that effect the amounts reported in these
     financial  statements and accompanying  notes.  Actual results could differ
     from those estimates.

     Consideration of Comprehensive Income Items
     -------------------------------------------
     For the year ended  August 31, 2003 and the period  ended  August 31, 2002,
     the  Company's  financial  statements  do not contain any changes  that are
     required to be reported separately in comprehensive income.

2.   Stockholders' Equity
     --------------------
     As of August 31, 2003,  4,034,000  shares of the Company's $0.001 par value
     common stock were issued and  outstanding.  Of these,  3,000,000 shares had
     been issued for services and 1,034,000  shares had been issued at $0.05 per
     share for total proceeds of $51,700.

3.   Related Party Transactions
     --------------------------
     One  stockholder  performs  contract  labor services for the Company and is
     compensated at an hourly rate.  This  stockholder  provides office space in
     her home at no charge to the Company.  Rent expense for this space has been
     estimated  at $150 per month and has been  recorded  as a  contribution  to
     capital.

     The Company loaned $10,200 to the brother of a major stockholder in July of
     2003. This amount remained a loan receivable as of August 31, 2003.





                                     Page 13
<PAGE>



                            Pacific InterMedia, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 August 31, 2003


4.   Income Taxes
     ------------
     The Company computes and records taxes payable based upon  determination of
     taxable income which is different from pre-tax financial  statement income.
     Such differences arise from the reporting of financial statement amounts in
     different periods for tax purposes.  The timing differences are a result of
     different accounting methods being used for financial and tax reporting.

     The components of income tax benefit are:


          Increase in deferred tax                       $     3,000
                                                         ===========

     The net tax benefit for the period  ended  August 31, 2003 results from the
     effective  utilization  of  actual  tax  credits  and  net  operating  loss
     carryforwards available.

     The Company's  total  deferred tax assets and deferred tax  liabilities  at
     August 31, 2003 are as follows:

          Deferred tax assets
               Non-benefited tax losses and credits      $     5,000
                                                         -----------

                   Total deferred tax assets                   5,000
                                                         -----------

                   Net deferred tax assets               $     5,000
                                                         ===========

     No valuation  allowance has been established against the realization of the
     deferred  tax  assets  as future  earnings  projections  indicate  that the
     Company will generate  taxable income against which the deferred tax assets
     will be offset.

     The Company has investment tax credit  carryforwards of  approximately  $91
     expiring in 2004. The Company also has federal and state net operating loss
     carryforwards of approximately  $24,398 expiring between the years 2021 and
     2023.

     The difference  between  statutorily  calculated tax benefit and the actual
     benefit is due to  non-deductible  meals and  entertainment and contributed
     rent.

5.   Subsequent Events
     -----------------
     On  October  17,  2003,  the  Company  completed  a  business   combination
     transaction   with  Raptor  Networks   Technology,   Inc.   ("Raptor"),   a
     closely-held  California  corporation,  through  acquisition  of all of the
     capital stock of Raptor in exchange for authorized but previously  unissued
     restricted Common Stock of the Company.  Immediately prior to completion of
     the Raptor  transaction,  3,000,000  shares of restricted stock held by the
     Company's  founder and sole  officer and  director,  were  re-acquired  and
     cancelled as consideration  for transfer of the Company's  existing assets.
     The Company also increased their number of authorized  shares to 50,000,000
     common stock and 5,000,000 preferred stock. Immediately prior to completion
     of the business combination, there were a total of 19,161,256 shares of the
     common  stock of  Raptor  issued  and  outstanding  and these  shares  were
     acquired  by issuing  an equal  number of the  Company's  shares and to the
     shareholders of Raptor. Upon completion of the Raptor  transaction,  Raptor
     became a wholly owned subsidiary of the Company and the Raptor shareholders
     became  shareholders  of the  Company,  holding  94.9%  of its  issued  and
     outstanding  capital stock.  Prior to the completion of the transaction the
     Company's  shareholders  (other  than  the  founder  and sole  officer  and



                                     Page 14
<PAGE>



                            Pacific InterMedia, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 August 31, 2003


     director) held 25.6% of the Companys issued and outstanding  capital stock.
     Following  the  completion  of  the  transaction  the  Company's   original
     shareholders  hold 5.1% of the  Company's  issued and  outstanding  capital
     stock.








































                                     Page 15
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Item 8.  Changes and Disagreements  with Accountants on Accounting and Financial
--------------------------------------------------------------------------------
Disclosure
----------

The company has had no change of, nor  disagreements  with its accountants since
inception.

Controls and Procedures
-----------------------

Pacific  InterMedia  management,  including the Principal  Executive Officer and
Principal Financial Officer, has conducted an evaluation of the effectiveness of
disclosure  controls and procedures  pursuant to Exchange Act Rule 13a-14(c) and
15d-14(c).  This evaluation was conducted  within 90 days prior to the filing of
this report.  Based on that  evaluation,  the  Principal  Executive  Officer and
Principal   Financial  Officer  concluded  that  the  disclosure   controls  and
procedures are effective in ensuring that all material  information  required to
be filed in this annual report has been made known to them in a timely  fashion.
There have been no significant  changes in internal controls or in other factors
that could  significantly  affect internal  controls  subsequent to the date the
Principal  Executive  Officer and Principal  Financial  Officer  completed their
evaluation.


Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
--------------------------------------------------------------------------------
with Section 16(a) of the Exchange Act
--------------------------------------

The following  information sets forth the names of the officers and directors of
Pacific InterMedia, Inc. for the fiscal year ending August 31, 2003.

     Name                 Age    Position
     ----                 ---    --------
     Tina M. Bogani (1)    41    President and Chief Executive Officer, Director

     (1)  As an  aspect  of the  Registrant's  acquisition  of  Raptor  Networks
          Technology,  Inc.  on October  17,  2003,  Ms.  Bogani  resigned as an
          officer and Director of the  Registrant  following  appointment of the
          officers and  Directors  of Raptor  Networks  Technology,  Inc. as the
          Registrant's officers and Directors.

The following  information sets forth the names of the officers and directors of
Pacific  InterMedia,  Inc.  effective  October 17, 2003 upon  completion  of the
acquisition of its wholly-owned subsidiary Raptor Networks Technology,  Inc. and
subsequent to the change of control effected therein.

     Name                 Age    Position
     ----                 ---    --------
     Lyle Pearson          51    President and Chief Executive Officer, Director

     Edwin Hoffman         53    Vice President and Chief Technical Officer,
                                 Director

     Ananda Perera         46    Vice President, Engineering

     Bob Van Leyen         60    Chief Financial Officer

Lyle Pearson, President and CEO - Mr. Pearson has extensive executive experience
-------------------------------
with companies such as Digital Equipment Corporation (DEC),  Cabletron,  Unisys,
Burroughs,  Novell and  Businessland  Corporation.  Mr. Pearson has managed both
software  and  hardware  development  projects as well as a sales and  marketing
organization  generating more than $300 million in annual  revenue.  In the last
five years,  he has held  various  Senior  Executive  Management  positions  for
Cabletron Systems, MTI, NSI Software,  and Business Development  Solutions.  Mr.
Pearson holds a BA Degree in  Marketing/Management  and a BS in Electronics from
the University of Utah.

Edwin  Hoffman,  Vice  President and Chief  Technical  Officer - Mr. Hoffman has
--------------------------------------------------------------
extensive  engineering  and sales  experience  with  companies  such as Reuters,
Alcatel,  Digital Equipment Corporation (DEC),  Cabletron,  Marconi, and MTI. He
has managed various mixed technology  projects with individual  project revenues
of more than $80 million and total revenues in excess of $100 million  annually.
In  the  last  five  years  he  has  held  various  sales  engineering,  account
management,  and executive  positions for  Cabletron  Systems,  MTI and DEC. Mr.



                                     Page 16
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Hoffman  obtained  a diploma  and was given an  achievement  award for  computer
engineering science at the Control Data Institute in London, England.

Ananda Perera, Vice President,  Engineering - Mr. Perera has worked in high-tech
-------------------------------------------
industry for more than 28 years.  As Senior  Technology  Architect,  Mr.  Perera
managed system engineering groups in various technology manufacturing companies,
including Amdahl and Fujitsu.  He has also gained industry experience working as
a consultant for various Internet based companies.  He has served as Director of
Quality and Technology for Viacom.  Mr. Perera holds an Engineering  degree from
the University of Colombo in Sri Lanka, as well as other credentials in the area
of networking and storage technology.

Bob Van Leyen, Chief Financial Officer - Mr. Van Leyen has more than twenty-four
--------------------------------------
years of experience working in the high-tech industry in executive  positions in
Finance,  Operations and General Management. He was employed for twelve years by
Mentor  Graphics,  ten years with Data General  Corporation,  and two years with
Wyle  Systems.   Mr.  Van  Leyen  has  managed  extensive  financial  operations
organizations  in Europe,  Asia,  and the United  States.  He attended the Dutch
Institute  of  Chartered  Auditors and holds Dutch  degrees  equivalent  to U.S.
Bachelors and Masters degrees in Business Administration.

Compliance with Section 16(a) of the Exchange Act
-------------------------------------------------

Section  16(a) of the  Securities  Exchange Act of 1934  requires the  company's
directors and officers,  and persons who own more than ten-percent  (10%) of the
company's  common stock,  to file with the  Securities  and Exchange  Commission
reports of ownership on Form 3 and reports of change in ownership on Forms 4 and
5. Such officers,  directors and ten-percent  stockholders  are also required to
furnish the company with copies of all Section  16(a)  reports they file.  Based
solely on its review of the copies of such forms  received by the company and on
written  representations  from certain reporting  persons,  the company believes
that all  Section  16(a)  reports  applicable  to its  officers,  directors  and
ten-percent  stockholders  with respect to the fiscal year ended August 31, 2003
were filed.


Item 10.  Executive Compensation
--------------------------------

The  following  lists all  remuneration  paid by  Pacific  InterMedia,  Inc.  to
officers and key personnel for fiscal years ending August 31, 2003:


<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE
                           --------------------------

                                        Annual Compensation                  Award(s)             Payouts
                                 ---------------------------------   -------------------------   ---------
                                                                     Restricted    Securities
Name and                                              Other Annual     Stock      Underlying       LTIP       All Other
Principal                         Salary     Bonus    Compensation    Award(s)    Options/SARs    Payouts    Compensation
Position                  Year      ($)       ($)          ($)          ($)           (#)           ($)          ($)
---------                 ----   --------   -------   ------------   ----------   ------------   ---------   ------------

<S>                       <C>        <C>       <C>       <C>             <C>           <C>           <C>          <C>
Tina M. Bogani            2003       0         0         22,653          0             0             0            0
President and Director

                          2002       0         0          9,987          0             0             0            0
</TABLE>


There are no annuity,  pension or retirement  benefits  currently proposed to be
paid to Officers,  Directors,  or employees of Pacific  InterMedia,  Inc. in the
event of  retirement  at normal  retirement  date  pursuant to any existing plan
provided by Pacific InterMedia, Inc.

No employment agreements existed for the fiscal year ending August 31, 2003.

There was no compensation paid to any director of the Registrant in the capacity
of a member of its Board of Directors.






                                     Page 17
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Item 11.  Security  Ownership of Certain  Beneficial  Owners and  Management and
--------------------------------------------------------------------------------
Related Stockholder Matters
---------------------------

The following sets forth;  as of August 31, 2003;  the  beneficial  ownership of
Pacific  InterMedia,  Inc.  common  stock by each person known to the Company to
beneficially  own more than five percent  (5%) of the  Company's  common  stock,
including options, outstanding as of such date and by the officers and directors
of the company as a group.

<TABLE>
<CAPTION>
                                 August 31, 2003
                                 ---------------

                     Name and Address                                  Percentage of
Title of Class (1)   of Beneficial Owner             Number of Shares      Class
------------------   -------------------             ----------------      -----

<S>                  <C>                               <C>                  <C>
Common Stock         Tina M. Bogani                    3,000,000 (2)        74.4
                     3354 South Flower Street, #61
                     Lakewood, Colorado 80227
                                                     ---------------       ------

Total Shares of 5% or more Beneficial Ownership        3,000,000            74.4
Total Shares of Officers and Directors as a Group      3,000,000            74.4
Total Shares Issued and Outstanding                    4,034,000
------------------------------------------------------------------------------------

<FN>
(1)  Except as otherwise indicated, all shares are owned directly.

(2)  Ms. Bogani's 3,000,000  restricted shares were reacquired by the Company as
     an aspect of the transaction in which the Company  acquired Raptor Networks
     Technology,  Inc. as its wholly-owned subsidiary and in connection with Ms.
     Bogani's resignation as an officer and director of the Company.
</FN>
</TABLE>

On November 1, 2003, following completion of the Raptor acquisition transaction,
the beneficial ownership of Pacific InterMedia, Inc. common stock by each person
known to the  Company to  beneficially  own more than five  percent  (5%) of the
Company's common stock,  including  options,  outstanding as of that date and by
the Company's new officers and directors as a group was as follows:

<TABLE>
<CAPTION>
                                November 1, 2003
                                ----------------

                     Name and Address                                  Percentage of
Title of Class (1)   of Beneficial Owner             Number of Shares     Class
------------------   -------------------             ----------------     -----

<S>                  <C>                              <C>                   <C>
Common Stock         Lyle Pearson                      4,000,000            19.8
                     65 Enterprise Road
                     Aliso Viejo, CA 92656

Common Stock         Edwin Hoffman                     3,000,000            14.9
                     65 Enterprise Road
                     Aliso Viejo, CA 92656

Common Stock         Ananda Perera                     3,000,000            14.9
                     65 Enterprise Road
                     Aliso Viejo, CA 92656

Common Stock         Turki bin Abdullah                1,072,456 (2)         5.3
                     Fininfor Conseil
                     11 rue du General-Du-Four
                     1204 Geneve, Switzerland




                                     Page 18
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Common Stock         Almamlaka, Ltd.                     672,000(2)          3.3
                     Fininfor Conseil
                     11 rue du General-Du-Four
                     1204 Geneve, Switzerland

Common Stock         The Leopard-Alliance Company, Ltd   672,000(2)          3.3
                     Fininfor Conseil
                     11 rue du General-Du-Four
                     1204 Geneve, Switzerland

Common Stock         Tarek Obaid                         683,463(2)          3.4
                     Fininfor Conseil
                     11 rue du General-Du-Four
                     1204 Geneve, Switzerland

Common Stock         Alchemy Advisors, LLC             1,690,000(3)         8.4
                     99 South Park Avenue, #31
                     Rockville Centre, NY 11570

Common Stock         Atlantic Communications, Inc.     1,446,100(3)          7.2
                     99 South Park Avenue, #31
                     Rockville Centre, NY 11570

Common Stock         Emma Teta.                          287,700(3)          1.4
                     99 South Park Avenue, #31
                     Rockville Centre, NY 11570
                                                     ---------------       ------

Total Shares of 5% or more Beneficial Ownership       16,523,719            81.8
Total Shares of Officers and Directors as a Group     10,000,000            49.5
Total Shares Issued and Outstanding                   20,195,256

<FN>
(1)  Except as otherwise indicated, all shares are owned directly.
(2)  Shares attributed to and deemed controlled by Tarek Obaid. When aggregated,
     Mr. Obaid should be considered to control 15.3% of the Registrant's  issued
     and outstanding Common Stock.
(3)  Shares  attributed to and deemed controlled by Mirco Teta. When aggregated,
     Mr. Teta should be considered to control 17.0% of the  Registrant's  issued
     and outstanding Common Stock.
</FN>
</TABLE>


Item 12.  Certain Relationships and Related Transactions
--------------------------------------------------------

During the fiscal year ended August 31, 2003, the Company's majority stockholder
and sole  officer and director  performed  services for the Company at an hourly
rate and provided  office space at no charge to the Company.  Rent expense value
for this space has been estimated at $150 per month and has been recorded by the
Company as a contribution to capital.

The Company loaned $10,200 to its major stockholder's  brother,  Mark Bogani, in
July of 2003. The original principle amount remained unpaid and receivable as of
August 31, 2003. The loan was repaid in full on October 2 , 2003.


Item 13.  Exhibits and Reports on Form 8-K
------------------------------------------

Index to Exhibits
-----------------


     Charter and By-laws
     -------------------

     The company  incorporates by reference its  Registration  Statement on Form


                                     Page 19
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


     SB-2, as amended,  filed  February 7, 2002 with the Securities and Exchange
     Commission,  and  exhibits  thereto;  including  Exhibit  3(a)  Articles of
     Incorporation and Exhibit 3(b) By-laws.

     Current Reports on Form 8-K
     ---------------------------

     The  company  incorporates  by  reference  the  Report  on Form  8-K  filed
     September  10,  2003 and its Report on Form 8K filed  October 22, 2003 with
     the Securities and Exchange  Commission,  and exhibits  thereto;  including
     Exhibit 2.1 Agreement and Plan of Merger By and Between Pacific InterMedia,
     Inc. and Raptor  Networks  Technology,  Inc.  dated  August 23,  2003,  and
     Exhibit  2.2  Amendment  to  Agreement  and Plan and Merger By and  Between
     Pacific InterMedia, Inc. and Raptor Networks Technology, Inc. dated October
     15, 2003.

     Certification
     -------------

     Pacific  InterMedia,  Inc.  includes  herewith  Certification  of Principal
     Executive Officer and Certification of Principal Accounting Officer.

Description of Exhibits
-----------------------


     Exhibit Number      Description
     --------------      -----------

         31.1            Certification of Principal  Executive  Officer Pursuant
                         to  Section  302 of  the  Sarbanes-Oxley  Act of  2002,
                         promulgated under the Securities  Exchange Act of 1934,
                         as amended

         31.2            Certification  of Chief Financial  Officer  Pursuant to
                         Section  302  of  the   Sarbanes-Oxley   Act  of  2002,
                         promulgated under the Securities  Exchange Act of 1934,
                         as amended

         32.1            Certification of Principal  Executive  Officer pursuant
                         to 18 U.S.C.  Section  1350,  as  adopted  pursuant  to
                         Section 906 of the Sarbanes-Oxley Act of 2002.

         32.2            Certification of Chief Financial Officer pursuant to 18
                         U.S.C. Section 1350, as adopted pursuant to Section 906
                         of the Sarbanes-Oxley Act of 2002.


















                                     Page 20
<PAGE>



Pacific InterMedia, Inc.                                           Annual Report
--------------------------------------------------------------------------------


Reports on Form 8-K
-------------------


On October 22,  2003,  the Company  filed a Current  Report on Form 8-K with the
Securities  and Exchange  Commission  re:  Changes in Control of Registrant  and
Acquisition of Disposition of Assets,  regarding  completion of the Registrant's
acquisition of Raptor Networks Technology,  Inc., a California corporation, as a
wholly-owned subsidiary of the Company.

On September 10, 2003,  the Company filed a Current  Report on Form 8-K with the
Securities and Exchange  Commission re: Other Events,  Press Release  announcing
signing of  Definitive  Agreement by and between  Pacific  InterMedia,  Inc. and
Raptor Networks Technology, Inc.

An  Amendment  to its  Current  Report on Form  8-K/A,  filing  initial  audited
Financial Statements of Raptor Networks  Technology,  Inc, the business acquired
by the  Registrant  on October 17,  2003 and Pro Form  Financial  Statements  of
Pacific InterMedia, Inc. and Raptor Networks Technology, Inc. is due to be filed
not later than December 16, 2003.

Signatures
----------

In  accordance  with  Section 13 or 15(d) of the Exchange  Act,  the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                             Pacific InterMedia, Inc.
                                             ------------------------
                                                    Registrant


   Date: December 8, 2003          By: \s\    Lyle Pearson, President
                                       --------------------------------------
                                       Lyle Pearson, President and Director

   Date: December 8, 2003          By: \s\      Bob Van Leyen, CFO
                                       --------------------------------------
                                       Bob Van Leyen, Chief Financial Officer


In  accordance  with the  Exchange  Act,  this  report  has been  signed  by the
following persons on behalf of the registrant and on the dates indicated




   Date: December 8, 2003          By: \s\ Edwin Hoffman, Vice President
                                       ----------------- -----------------------
                                       Edwin Hoffman, VP Chief Technical Officer

   Date: December 8, 2003          By: \s\ Ananda Perera, Vice President
                                       -----------------------------------------
                                           Ananda Perera, VP Engineering











                                     Page 21