Good PM

I thought I would break my updates into 2 types. I will cover current projects we are working on and other opportunities.

I have been tasked with growing the company and developing new products and services. I will be covering some of these opportunities and explaining how I think they fit in the company’s future.

The existing business at hand is patrol crafts and associated systems and products. We have been waiting for notification of another demo and I have been preparing the boat to return it to Yakima to install the rebuilt motor. I plan to have the vessel back here by the middle of next week and start to re install the motor.

For the months of February and March, we will be putting the motor back into it, changing some of the avionics systems and then installing the fire suppression unit for demonstrations as a fire boat. The fire suppression unit is one of a kind and puts out 3,000 GPM or air entrained foam for fighting chemical and fuel fires.

Once installed, you have a 40 plus knot fire boat that is capable of getting under piers and around debris to safely fight and contain a fire in a Marina, on a pier or next to a larger vessel or barge.

I will be taking the boat back to Richland and putting it into the water some time in April as weather warms up. Tim continues to work of demos associated with his security systems to potential foreign customers. Hopefully we can combine the two forms of demos and have a productive spring of demonstrations.

One of the other things we are looking at is some of the recommendations provided by the Marine engineer to improve performance and enhance systems response. A couple years ago we replaced the old mechanical/cable method of steering and this great improved how it handles and responds to steering inputs.

They have a conversion kit to summarily change the forward reverse function to change the time from full forward to full reverse from almost 6 seconds to 2.5. This too improves the overall performance of the vessel.

I will be posting some pictures of us loading the craft with a crane, it is quite impressive process to watch.

Keep checking the web site for updates.

Brad Goodspeed

Good AM to all.

We have been busy on several projects in the last few months. I have hit lightly on the diversification of the company and proposals brought forth.

As we have stated, we are looking for things that will create great long term value for the shareholders.

One of the most interesting projects I have looked at is Compressed Natural Gas. CNG is the powering of vehicles by Natural Gas that is put into a tank usually located in the trunk of the vehicle. This was brought about by doing research into the Heavy Fuels we worked on several years ago.

The costs associated with Natural Gas fuel consumption is about 2.00 a gallon here locally. The drawback is the limited number of filling stations to fill the cars and with a 200 mile range for the average vehicle, you can only get about 100 miles from your know filling station.

These kind of operational costs quickly amortize the conversion cost of the vehicle.

Here in Washington State we have one in Everett, Tacoma, Bellevue and SeaTac. In other words, you can fill up in Factoria and then drive about 100 miles before you hit the point of no return. This is about Thorp Washington, home of the State Patrol best speed trap (planes and 2 stop watches), just 8 miles west of Ellensburg..

If there was a station in Yakima, Tri Cities and Spokane, it would open the entire state to this kind of vehicle power and fueling. Ingersol rand makes some real cool little filling stations. The industry has progressed a great deal and now more and more conversions are coming online. The draw back is backwards thinking government regulations and fees on the approval process for each vehicle model.

I share this with you so you can see the kid of opportunities we look at. We also want people to understand the amount of time and effort that goes into each and every one of these opportunities to see if their any validity for the company and its overall goals and objectives.

We will continue to explore these kinds of opportunities to bring value to the shareholders.

Brad Goodspeed

This has been an interesting week here at Radix Marine. I have had some helpful feedback, some even critical of not mentioning the GB 12 activity in greater detail.

I have prepared the boat to move it back to Yakima this next week. I will be putting it in the shop area we have rented at the Yakima site to complete some repairs, make some modification suggested by an engineer and re install the engine we removed. To date, I have had no hard commitment as to a time frame for a revisit or a Demo ride.

Initially I was going to re install the engine in the Tri Cities. With the onset of winter and colder weather, I have elected to bring it back here, do some upgrades to avionics, reinstall the engine and make some systems modifications suggested my an engineer.

Tim is still here working on his duties and obligations to market the vessel. He does not like the cold weather, but he is surviving. When I am done with the mods on the vessel, I will redeploy the GB12 to either a warmer climate or Tri Cities again depending on the weather at the time any demonstrations come about.

I have asked Tim for an update to the extent he can disclose any areas of progress. This is the problem with marketing the craft globally, you simply can not discuss specifics due to confidentiality agreements MDSI or Radix Marine have signed.

I look forward to a busy and productive year at Radix Marine. It is still my goal to have a shareholder meeting this spring or summer. Unfortunately, we simply ran out of time with all going on and I was hoping to have more positive news in the attempts to market the vessel globally for a meeting last year.

The global recession and tight credit have affected both the potential vessel sales as well as our efforts to diversify the company. This is why I had posted some of the opportunities we had looked at.

A prefect example is the wind farm. The proposed site was textbook perfect. 1,000 acres with 3 sets of transmission lines running through the property. An almost perfect “wind rose” and daily afternoon activity during peak demand times. The challenge is an inter-connect. These can be very expensive and recently the wind farms have come under fire for their inability to be regulated. They either produce or do not, with no storage or ability to regulate the output. Almost all wind farms are dependant on the grants pushed by the states. These have also begun to dry up and become tougher to get.

We put a great deal of time into research, costing and participating in preparation of environmental checklists and paperwork. In the end, it simply did not make sense for Radix Marine due to the cost and uncertainty of demand/revenue.

We even looked at completing the permitting of the site and selling the entire proposal off to someone else to develop for a smaller, but shorter term profit. We felt it was in the best interest of the shareholders to pass for now and revisit the project when a bit farther along.

As always, I remain an open door to shareholders to have a discussion about the progress of the company. When someone calls and identifies themselves as a shareholder, I will in turn want a cert number and name, address and will gladly discuss the company and its progress.

As for the bloggers that say they have called or contacted the company it simply has not happened. I keep a log of all legitimate calls on behalf of the company.

Brad Goodspeed

Dear Shareholders.


I have been working on updates for the last several weeks.



I decided to take a few weeks off and concentrate on the holidays and personal issues in my life. My girls are both back at home and I wanted to spend the holidays with them, something we have been unable to do for many years. Those of you that have teenage girls will clearly understand that statement with them being 17 and 21 now.



2011 was a very busy year for Radix Marine on several fronts. Over the next couple weeks I will be posting an overview of the year and the many projects we have worked on. I feel we have made much progress in the goals of the company to preserve and grow shareholder value.



The primary focus of the business has been the GB12 patrol craft and its many global opportunities. When I became involved in the company directly in 2008, my focus was to diversify the company and use the public structure to find business fits to accomplish this goal. What we are not interested in, is acquiring someone’s dream and providing them a method to “live large” at shareholder expense.



Over the last 18 months we have explored several potential business opportunities for Radix as a public traded company. We looked opportunities in Solar power, Wind power, Gas turbine power, Specialized concrete products, Processes to chemically treat and build roads, Oil cleanup up technology, Composite manufacture of sporting goods equipment, Air technology to reduce drag on barges and vessels, Laser defense technology, Audible sound defense technology, Pre-cast technology for modular housing, A suspension system that allows items to be easily loaded without ramps, A high tech roller blade for cross country applications.



There are several others I simply can not disclose without violating non disclosure agreements in effect.



Each and everyone of these required great amounts of time to research, analyze, discuss with industry experts, determine if it was a fit for the company and we proceeded for the right reasons. We are looking for long term stability, market growth potential, shareholder value and limited risk associated with the venture.



While we have not completely ruled many of these out, we feel they need to be advanced before they meet our criteria guidelines completely.



Now that 2012 is here, we can focus on accomplishing things that we simply could not get to in 2011 due to our work load. While some people might view this as “excuses”, a simple review of some of the opportunities listed above would dispel this for most people.



I will be posting updates and elaboration on many of the opportunities above. All of these will be discussed in great detail at the shareholder meeting this year. I anticipate having several of the inventors there for some dialogue and education.



I also have several candidates to take over as CEO. Fred is going to retire and spend more time with his family and friends. He has been kind enough to serve the last several years while we look for products, services and then leadership with experience in business to lead the company as it grows and expands. His accident last year really took a toll on his health. It will be up to the shareholders to elect a new board and CEO of the company.



I have agreed to stay onboard as long as my performance is acceptable to the management. I am at their will and if my performance is substandard, then I don't deserve the opportunity given to me. I have agreed to stay through next year for no cash compensation.



I have way too much fun working on Radix projects and many of my family and friends own stock in the company.



More updates to come, stand by, I love my job



Brad

Greetings.

It has been a very busy month here in Yakima. I have been busy finishing up my project on the plat of the property, associated land use issues and completion of the street improvements so it can be recorded.

While it is not directly tied to Radix Marine, it is the primary entry to the property and the Radix offices. What we had before was almost a goat trail in the form of open drainage ditches, half of a paved road and no storm water run off control. The road ended after 400 feet and just turned into a parking lot for GE Aviation and the property we occupy.

We will see frost within a week and snow can show any time after Halloween. After this happens, we are done until spring for concrete, landscaping and paving work. What we have now is a world class entry to the property and we will be installing a new professional sign with lighting to identify Radix Marine and its location on the property.

I will have Tony upload some photos in the coming weeks.

Unfortunately, I have to split my time between these two projects and it has delayed the completion of getting the motor back in the boat. I have been promised return, and new, demos in the coming months with plenty of notification to be prepared. I can have the boat back together in 10 days if we get such notification. After this coming Friday, the site work will be completed and I can turn it over for paving and landscaping. I will look forward to working inside in a heated shop finishing up the boat work.

The Court of Appeals hears my case on Monday. I expect that to go well, based on established case law, and to have a written opinion in the next couple months. The Airport has already had to return an 800,000 hanger back to my lender after spending 80,000 of tax payer money trying to steal it.

I have made it an effort to leave the litigation out of the updates. Unfortunately, I feel compelled as it has extracted much of my time that I could otherwise be spending on something I enjoy like Radix Marine.

The world economic and political chaos has had a big impact on potential Patrol Craft sales and mission requirements. Most countries are facing the same, if not worse, budgetary issues like the US. This affects timelines, needs and commitments dramatically.

It is for these reasons we continue to look for opportunities to diversify the company for greater shareholder value in the long run. We will keep you apprised of any of these potential projects as they develop.

I have to laugh at Tim as he bundles himself up like “Nanook” from the North. His blood never has acclimated to the weather we have up here. We had an about 3 weeks of 90-100 highs and now we have plummeted to highs of 60 and lows of 34-40 in 2 weeks. He almost sounds like a farmer, “it is too cold…now too hot…now too cold.

Have a great week and I will try and get some pictures up this week.

Brad