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To: Taki who wrote (119677)9/17/2003 2:37:40 PM
From: Taki  Read Replies (2) | Respond to of 150070
 
RDXM, I wonder What is the $$ estimate per unit to be sold?So we can work some numbers here?Together, Radix and Norsco will jointly market a commercial product line
that includes 22-25 ft. boats and 29 ft. landing craft. The two companies
estimate annual sales of this craft should run between 150-200 units for each of
the hull length models.


SILVERDALE, Wash., Sep 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Radix
Marine Inc. (OTC Bulletin Board: RDXM.OB), a marine vessel development company
specializing in homeland security and defense initiatives, today announced the
signing of a Co-Marketing Agreement with marine fabrication company, Norsco
Marine. Together, Radix and Norsco will jointly market a commercial product line
that includes 22-25 ft. boats and 29 ft. landing craft. The two companies
estimate annual sales of this craft should run between 150-200 units for each of
the hull length models.

"Radix's vision, coupled with Norsco's years of boat building experience,
creates a dynamic team," said Kathy Bright, Radix President and CEO. "The dual
use V-berth craft can be configured for both military and commercial
applications. Norsco Marine's exemplary history in the boat building industry is
undisputed. Their craftsmen have years of applicable experience building
aluminum watercraft as well as high performance hull forms for the military, law
enforcement, marine firefighting, oil spill response, and sport applications."

Recent Norsco customers include the states of California and Alaska, as well as
the United States Navy, who currently operate Norsco patrol boats to aid in
anti-terrorist efforts. Norsco Marine's highly skilled team is practiced in
building patrol craft to military standards, utility standards, and the special
requirements of multi-mission-equipped vessels. All Norsco Marine boats are
built to ABYC (American Boat & Yacht Council) standards, providing for rigid
quality of construction.