Greetings

First off I want to apologize for the delay. I have been busy on projects and had a few distractions of gnats biting at my butt the last couple months. It is hard when you do not have specific things to share.

I have been working on projects that will continue to add shareholder value in my opinion. I have worked on the vessel and had discussions with the GB12 demo craft owners as to what my plans are for the year.

They are squarely in my court with my ideas and plans. This is always a good thing when you swim in the water with little minnows that have an agenda.

I have contacted the original designer to get his thoughts on the design changes suggested in a 2004 performance enhancing report prepared by the marine engineer. Michael was really sharp and has had vast years of experience with special operations and the demands on a patrol craft like the GB12 in nasty theater of operation.

It is my plan to implement these changes in the next generation of the GB series vessels as we look towards the potential of overseas sales.

I recently decided to move, personally, to better accommodate my anticipated busy year. This will allow me to spend about 30 hours a week closer to my work and improve my ability to get things done. I am in the office by 5:30 now and can better communicate with people in different time zones.


If any of you are in the area, stop into Radix and I will cook you a burger or ribs on your visit. I am so close to my work now, I can spit and hit my desk, even in a headwind.

Back to the BBQ.

Brad Goodspeed

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I smell spring, mowing grass, cleaning beds and putting in new bark. It is suppose to be 65 here today in Yakima and almost 70 in tri cites just to the south where we run the boat on the Columbia River.

Tim has left to go to Florida to finish up some of his MDSI financing. He expects to return in the next 3 weeks and get back to work on the MDSI/Radix project and agreement.

I am sure he loves the sunny Florida weather, I think Yakima weather is just too cold for him.

I have the boat moved and beginning to work on the upgrades I have identified earlier. I am truly looking for ward to some fun demos on the water this spring and summer.

I will be updating next week on several projects I have worked on for several months that I think will be of great benefit to Radix-Marine.

Brad Goodspeed

Greetings:

It is about 7:00 AM in wonderful Yakima. I loaded the boat and returning it to Yakima to finish the work we started last Fall. I have forwarded pictures to the web master of us loading the boat on the trailer with a crane.

Unfortunately, I could not get a shot of it in the air as the wind decided to blow 30-35 with gusts. It is a bit unnerving to have a 23,000 pound vessel swinging from 4 pick points on the end of 4 nylon straps with the wind dead on the side of it. There is allot of surface to catch the wind and we have about 4 inches side to side when loading it on the trailer.

We have the boat loaded and as I write this we are moving it back to the shop to finish putting the engine back in and its upgrades. I anticipate spending the rest of March and maybe the first 2 weeks of April to complete the tasks. It can then be put back in the water for some exciting testing and demos.

As you will see from my last posts, we are pretty much on time with the schedule we anticipated back in January.

While my last update said is was feeling like spring, it also cautioned us not to get to optimistic as the weather here can be full of surprises…and it was. We woke up yesterday to icy roads and 4 inches of snow and the schools in the valley 2 hours late.

I have also been working on several projects that I feel will diversify the company nicely. I will be putting more about these projects as the agreements better evolve and I finish the due diligence for Radix Marine.

I want to thank the shareholders that have taken the time to be engaged with the company and its future. I wish I could hear from more.

It is a goal of mine to have a shareholder meeting this year, but first I want to get the demo craft back together and performing like a thoroughbred once again.

If any of you are in the area this spring, feel free to stop by or make an appointment for a tour of what we are up to. I always enjoy visitors.

Brad Goodspeed

Winter is leaving here in Yakima and it almost feels like spring. We have to be careful not to be fooled, as it is only February 12, 2012.

My personal litigation is now winding down and I have about finished my land use issues I committed to get done in Yakima. I can now concentrate on the activities of Radix as they culminate themselves after years of hard work to move things forward.

I have been working at getting the boat back to Yakima to get the avionics upgrades done and re install the engine. I have been waiting for confirmation on a couple demos so I have a better idea how to execute on them.

I have been working with a company that builds composite parts for sporting products and purposes. We have had discussions about either some sort of license agreement or some other synergy.

I have a demo for the boat for late spring/early summer that will require me to have the fire suppression unit available to be installed and operational. I have decided to move the vessel to Lake Coeur D Alene in Idaho when it goes back in the water.

The reason for this is 2 fold. The lake has great fresh water demonstration environment as it is about 30 miles long. It also has 2 large rivers with multiple lakes feeding into the rivers. This gives great river environments for demonstrations in shallow water where it really shines. It will give greater “real world” demonstration area with the Coeur D Alene River, Saint Joe River, Lake Chat Colette and many bays around the lake.

It is only 20 miles from Spokane and the International Airport serviced by multiple carriers providing better connections than the Tri Cities or Yakima.

A friend has offered me use of a commercial dock there for free of charge and I can fly in and out of St Maries or the CDA airport. It is only an hour from Yakima and it will put me closer to the potential site of the Carbon Fiber activity with the sporting products company. I see a huge potential here for both companies.

I have been going through some pictures and will be getting them posted to the web-site.

I am looking forward to a fun and productive spring at Radix Marine.

Brad Goodspeed

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