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Originally posted by bb72mo:
Way undervalued.

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Why do you say that? It looks like a poorly managed dog to me. They are a year late in filing, etc.

ACCORDING TO MARKET ESTIMATES DEVELOPED BY MOIRE, INC.A COMPANY THAT SPECIALIZES IN UNMANNED AIR, SURFACE
AND UNDERWATER VEHICLESTHE MANNED PATROL CRAFT MARKET IS ESTIMATED AT MORE THAN $3-BILLION ANNUALLY IN
DOMESTIC SALES, AND THE EMERGING UNMANNED MARKET IS ESTIMATED AT $1-BILLION ANNUALLY AND GROWING.
�� �� COMPETITION IN THE USV MARKET IS RATHER MODEST, WITH THE OTHER US COMPANIES CURRENTLY MANUFACTURING ONLY
UNMANNED CRAFT UNDER THREE METERS. RADIX MARINE HAS TEAM

Investment Highlights

otcbb: RDXM
Radix Marine, Inc.
9119 Ridgetop Blvd ste 260
Silverdale, WA 98383 www.radixmarine.com
Kathy Bright, President & CEO
phone 360-692-6446
email info@radixmarine.com
David Cochran, Investor Relations
phone 206-251-7007
email dcochran@radixmarine.com
KATHY BRIGHT, PRESIDENT & CEO
Kathy Bright has more than 20 years of extensive experience in contract management,
business development, managerial accounting, human resources, training systems, logistics,
and environmental and security programs. Kathys duties for Radix Marine include coordinating and directing the management team, as well as providing oversight of all
corporate financing. Kathy has an MBA from the University of Phoenix and a Certificate in Environmental Management from the University of Washington.

SCOTT EDWARDS, VICE PRESIDENT
Scott Edwards has 15 years experience in small craft operation and maintenance. He also has 24 years of commissioned service in the U.S. Navy and Naval Reserve, including two tours in Vietnam. Scott acquired numerous relevant skills from the Navy as a Specialist in
Physical Security and Antiterrorism, including extensive knowledge of harbor/coastal security, naval weaponry and waterfront operations. He currently serves as Project
Manager for the design and manufacture of the Challenger Class multi-mission craft. As Project Manager, Scott will be responsible for the effective design and construction of all deliverable craft and weapons systems, as well as manage delivery schedules and costs of manufacturing for Radix Marine. Scott has a B.S. in Na

ROY RAINEY, SECRETARY
Roy Rainey has more than 20 years of law and business experience. Impressively, Roy served as Judge of Bremerton Municipal Court in Bremerton, WA while maintaining a private practice. The Washington State Bar Association awarded Roy special recognition in 1991 for being an Outstanding Judge. Roy has an undergraduate degree in Accounting along with a law degree from the University of Washington.

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Under the terms of the memorandum of understanding (MOU), Radix Marine and Atlantis have entered into an agreement whereby the two companies have specialist market knowledge, business capability, and international boat design and manufacturing experience related to fulfilling the South African Armaments Corporation (ARMSCOR) acquisition projects, to deliver four GB Challenger Class craft. Radix and Atlantis are bidding on the four high-speed boats as per the Project Sundowner Request for Quotation (RFQ) issued by ARMSCOR.
"While we are currently involved in multiple domestic and international bid and RFQ processes, the Atlantis MOU is one of the most exciting opportunities we have in front of us," said Kathy Bright, C.E.O. of Radix Marine. Under the terms of the MOU, Atlantis will be the lead house for the bid, work with other local South African companies, and conduct the local logistics engineering tasks necessary to support the boat and trailer suppliers. Radix will offer a boat that meets the RFQ requirements as defined in the ARMSCOR specification documents, provide a detailed statement of compliance to each of the boat criteria applicable and provide a cost proposal for these activities, and provide detailed information regarding the boat for the local trailer, cradle, and lifting equipment manufacturers to design and manufacture these components.

The two companies submitted the final offer to ARMSCOR on March 24, 2004. Under the agreement, Radix had to confirm that the company has a same size and performance boat available for evaluation trials as required by ARMSCOR. As a result of this, Radix is preparing for and will make available the company's GB Challenger Class craft for physical testing in the US at its own cost. In preparation for the visit and test in Seattle, Washington, Radix Marine is investing approximately $30,000 in upgrades and maintenance on their GB Challenger.

"Radix is essentially 'lightening up' the craft to improve its overall performance," according to Scott Edwards, Radix Marine Vice President. "We are making overall improvements to attachment points, hinges, etc. and other upgrades to make it more production friendly. We're applying all of the upgrades and improving the wear points based on seven years of testing."

Radix is upgrading the rear steering system by removing the existing electro/hydraulic steering system and installing state of the art upgrades from the company's jet pump manufacturer. The GB Challenger Class craft will now have a cylinder that protrudes directly from the transom, with a direct

link to the steering nozzle of the drive. This will also better conform to
requirements of the Coast Guard for commercial applications.

"We are also switching the drive system from the same linear cable, hydraulic, and electrical configuration for the drive unit of the pump," said Edwards. "This will simplify the system and lead to better reliability in overseas and remote operations. We are configuring the cockpit to allow for a quick change-out of avionics and allowing for a switch of systems in a rapid manner for testing multiple configurations. We will also be modifying a trailer to allow for direct launching of the craft from the trailer directly into the water, eliminating the need for a loading and unloading crane."

For more information on the South African Armaments Corporation, please visit http://www.armscor.co.za/Home.asp . For more information on Atlantis Marine Projects, please visit http://www.atlantiscorp.co.za/overview.html .

About Radix Marine

Headquartered in Silverdale, Wash., Radix Marine, Inc. specializes in port and homeland security and defense initiatives within the marine industry. The company's focus is on opportunities with the U.S. Navy, Coast Guard, and Marine Corps, as well as the international markets, for Unmanned Surface Vehicles, Challenger Class Patrol Craft, Unmanned Harbor Security Vehicles, and Commercial Vessels. Radix Marine is publicly traded on the NASDAQ Over The Counter Bulletin Board (OTCBB). For more information, please contact Radix Marine at 9119 Ridgetop Blvd., Suite 260, Silverdale, Wash. 98383; telephone, 360-692-6446; fax, 360-692-0977; visit the company's web site http://www.radixmarine.com/ ; or the investor relations' web site http://www.rdxm.com/ .

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Hilsman is co-founder and Chief Executive Officer of DTI International, Inc. (DTI), a Philadelphia-based consulting company specializing in information system technology, distributed learning technologies and programs, and Homeland Security IT solutions. Before forming DTI, he was one of the founders of InterDigital Communications Corporation in 1983, as well as President, Chief Executive Officer and Chairman of the Board with the company for over ten years. Prior to joining InterDigital, Hilsman was Chief of Defense Communications and Manager of the National Communications System in Washington, D.C., where he was responsible for the Department of Defense worldwide communications and command and control systems. He also led the government planning on the response to AT&T's divestiture of the Bell System operating companies.

During Hilsman's military career, he served in a number of key posts, including Commanding General of the Army's Research and Development Laboratories at Fort Monmouth, New Jersey, Commanding General of the U.S. Army Communications Training Center at Fort Gordon, Georgia, and President of the U.S. Army Combat Arms Training Board (CATB) at Fort Benning, Georgia. Hilsman's tours of duty included the 1st Infantry Division, the 9th Infantry Division, and the 4th Armored Division of the U.S. Army.

Hilsman currently serves on the Army Science Board Summer Study on the Future Combat System in Urban Combat, Stabilization and Peacekeeping Operations. He recently chaired the National Guard and Reserve Forces panel on the Defense Science Board Summer Study on the Role of the Department of Defense in Homeland Security. Hilsman was also a member of the Defense Science Board's task force on Training for Future Conflicts. In addition, he has served as a member of the Defense Science Board Summer Study on Tactics and Technology for Army 21st Century Military Superiority, as a consultant to the Army Science Board in distance learning, and as a consultant to the Defense Advanced Research Projects Agency (DARPA). Hilsman initiated and later served on the President's National Security Telecommunications Advisory Committee (NSTAC), a committee composed of chief executive officers from the telecommunications and information systems industry, advising the President on issues of national security and emergency preparedness.

In addition, Hilsman is the founder and Chairman Emeritus of the National Science Center, Inc., a not-for-profit corporation in partnership with the United States Army and the private sector, dedicated to motivating America's youth to pursue education and careers in math and science. He also chairs the National Guard's Bureau (NGB) Strategic Issues Task Force to address the roles and missions of the NGB information technology systems in the year 2010. Hilsman led the Institute for Defense Analysis study team on distributed learning, strategic planning for the Army Training Support Center, and training of the digital army of the future. He currently serves on two additional non-profit Boards dedicated to improving education and career opportunities for America's youth; the Community Learning and Information Network and the Network for Instructional TV, Inc.

He was graduated from the United States Military Academy at West Point in 1954 and, in 1962, received a Masters Degree in Electrical Engineering with a major in Computer Science from Northeastern University in Boston, Massachusetts. Mr. Hilsman attended the Army's Command and General Staff College at Fort Leavenworth and the Industrial College of the Armed Forces in Washington, DC.

Glenn Turcotte has served in various capacities for Katy Industries, Inc. (NYSE), a publicly traded company engaged in the production of maintenance and electrical products. In June of 1995, he was elected to Katy's board of directors. From 1993 through June 2001, Turcotte served as Group Vice President, Executive Vice President, and Chief Operating Officer of Katy. In June 2001, he resigned from Katy Industries, Inc. as a result of a planned change in control of the company.

Prior to joining Katy Industries, he was in sales for Sandoz Pharmaceutical and Airwick Corporation for more than ten years. After serving as liaison between Airwick and Glit, Inc., Turcotte became Vice President and General Manager for Glit, based in Port Chester, New York. Katy Industries purchased the company in 1982 and named Turcotte as the President of Glit. In 1990, he was named Vice President of Katy.

In 1992, Turcotte was elected to serve on the Board of Directors for U.S.-Republic of China Economic Council (US-ROC) whose function is to foster economic and political ties between Taiwan and the U.S. Casper Weinberger was chairman of the US-ROC the year Turcotte was elected. For twelve years, he served with former Secretary of Defense Frank Carlucci; William P. Clark, former Secretary of the Interior; and Dan Tellope, former chairman of the Lockheed Corp. Turcotte was graduated from the University of Minnesota in 1962.

About Radix Marine

Headquartered in Silverdale, Wash., Radix Marine, Inc. specializes in port and homeland security and defense initiatives within the marine industry. The company's focus is on opportunities with the U.S. Navy, Coast Guard, and Marine Corps, as well as the international markets, for Unmanned Surface Vehicles, Challenger Class Patrol Craft, Unmanned Harbor Security Vehicles, and Commercial Vessels. Radix Marine is publicly traded on the NASDAQ Over The Counter Bulletin Board (OTCBB). For more information, please contact Radix Marine at 9119 Ridgetop Blvd., Suite 260, Silverdale, Wash. 98383; telephone, 360-692-6446; fax, 360-692-0977; visit the company's web site http://www.radixmarine.com/; or the investor relations' web site http://www.rdxm.com/.

If this was waiting for news... hopefully this is it

Radix Marine Inc Website Annual Report
9119 Ridgetop Blvd Suite 260 Phone: +1 360 692-6446
Silverdale WASHINGTON 98383

Fax: +1 360 692-0977

Radix Marine, Inc. Formerly known as Modern MFG Services, Inc.. The Group's principal activity is to design, develop and construct maritime craft for port and homeland security as well as recreational purposes. It offers manned patrol and recreational craft and it is part of an industry consortium which develops an unmanned surface vehicle for US Navy. The principal product of Unmanned Craft is Naval Undersea Warfare Combat Vehicle Prototype and of Manned Craft is GB-Challenger Class Craft. The Group intends to develop and market a complete line of manned and unmanned marine craft for the domestic and international market. The Group is in its development stage.

Silverdale, WA (PRWEB) August 26, 2004 -- Radix Marine, Inc. (OTC Bulletin Board: RDXM), a marine vessel development company specializing in port and http://www.radixmarine.com [homeland security] and defense initiatives, has branched out to include light manufacturing to their list of skills. They have received a contract to manufacture http://www.radixmarine.com [homeland security]-related equipment for the Washington State Patrol. This equipment will enable the Washington State Patrol to protect themselves while performing essential duties.

Radix Marine, Inc. recently gained the capabilities to manufacture their http://www.radixmarine.com [homeland security] products in-house, making this contract possible.

“Manufacturing high speed vessels can be cyclical in nature, especially now, with the company in an early growth stage,” said Kathy Bright, president and CEO of Radix Marine. “As the company grows, these jobs will balance the overall workload of the shop, stabilizing both the workforce and revenue stream.” The contract with Washington State Patrol is a direct result of the recent agreement to lease manufacturing equipment from All Metal Works, LLC.

Under the agreement with All Metal Works, LLC, Radix Marine, Inc. agreed to handle all new jobs that previously would have been awarded to All Metal Works. All Metal Works has well over a hundred clients, among them Washington State Patrol.

The contracts received from All Metal Works have valued over $58,000 in the last week alone. Radix Marine, Inc. has also gained contracts with a specialized marine vessel company, Advanced Marine Concepts. With the addition of the new contracts and the new manufacturing facility, RDXM's stock is well undervalued and is expected to see a major increase in volume.

About Radix Marine
Headquartered in Silverdale, Wash., Radix Marine, Inc. specializes in port and http://www.radixmarine.com [homeland security] and defense initiatives within the marine industry. The company focuses on opportunities with the U.S. Navy, Coast Guard, and Marine Corps, as well as the international markets, for Unmanned Surface Vehicles, Challenger Class Patrol Craft, Unmanned Harbor Security Vehicles, and Commercial Vessels. Radix Marine is publicly traded on the NASDAQ Over The Counter Bulletin Board (OTCBB).

For more information, please contact Radix Marine at 9119 Ridgetop Blvd., Suite 260, Silverdale, Wash. 98383; telephone, 360-692-6446; fax, 360-692-0977; visit the company's web site www.http://www.radixmarine.com [radixmarine.com]; or the investor relations' website www.http://www.rdxm.com [rdxm.com].

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Originally posted by BCmouser:
I agree -this one looks very undervalued. Does not take much of a company to be worth 250 grand. In their last Q report their assets were valued over a million. But its forward potential sale s and contracts that are the way many penny stocks are valued. You wont find many with their valuation this low. MHO

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Company has designs on ferry of the future
The buzz around redesigned hydrofoil calls it smoother-riding, more fuel-efficient

SEATTLE POST-INTELLIGENCER STAFF

Ferry rides of the future could be faster and smoother, if a Bremerton company's invention takes off.

PHIL H. WEBBER / P-I
Eric Anderson of Advanced Marine Concepts shows a Dragonfly model, a hydrofoil for the commercial ferry industry and the military.
Advanced Marine Concepts has developed what it says is a new design for hydrofoils -- boats with underwater winglike structures that can lift the vessels above waves. Two prototypes of its hydrofoil, called Dragonfly, will be built later this year.

The Bremerton company -- started in 1998 by Philip Whitener, a former Boeing Co. engineer, and Eric Anderson, chief executive of Art Anderson Associates -- eventually plans to show its prototypes to the commercial ferry industry and the military.

As a hydrofoil's speed increases, the underwater winglike structure lifts the boat off the water. The results are a smaller wake, smoother ride and less fuel consumption.

"I think they are the future," said Dick Hayes, executive director of Kitsap Transit.

The agency is trying to get funding to build a 149-passenger boat that was designed by Art Anderson Associates, Hayes said. The new vessel would reduce fuel costs by about 25 percent, he estimates.

Hydrofoils aren't new and can be found on boats -- even wakeboards -- around the country. Alexander Graham Bell toyed with one in the early 1900s, according to Encyclopedia Britannica. Boeing began producing them in the 1960s for commercial and military uses; it ended the commercial business in the mid-1980s.

Whitener, who worked for Boeing for 42 years before retiring in 1983, was the engineering manager of a Boeing hydrofoil developed for the Navy.

Advanced Marine Concepts' prototype is unique, Anderson said, because it is designed for boats with a wide beam. It can also create its own air cushion, which helps the boat transition to the winglike structure, without using fans, which consumes motor power, he said.

Radix Marine Inc. in Silverdale is manufacturing the company's prototypes, which will be 15 feet long by 8 feet wide and seat a driver and up to six passengers.

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Originally posted by bb72mo:
FROM OTHER BOARD INFORMATION.6 PRS IN PIPELINE.

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Originally posted by bb72mo:
What a day. S T R O N G B U Y !!!!!!!!

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