RDXM.125.Another show news.Last time it run from .04 to .23 after the show.Will see this time around. (COMTEX) B: Radix Marine to Present Sport-Fishing Vessel at West Coast Boa
Show ( PRNewswire-FirstCall )
B: Radix Marine to Present Sport-Fishing Vessel at West Coast Boat Show ( PRNews
ire-FirstCall )
SILVERDALE, Wash., Jan 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Radix
Marine, Inc. (OTC Bulletin Board: RDXM.OB), a marine vessel development company
specializing in port and homeland security and defense initiatives, today
announced that it is presenting the Radix-Norsco joint project, a 22 foot
aluminum hull commercial boat, at the Fred Hall's Fishing, Tackle & Boat Show,
taking place in San Francisco, California, January 21st - 25th, 2004.
"This is a wonderful opportunity to introduce thousands of boating enthusiasts
to not only this specific vessel, but also to Radix Marine," said David Hemming,
Director of International Marketing for Radix Marine. Radix Marine and Norsco
Marine, a Washington state based manufacturer of aluminum hulls, entered into a
joint marketing agreement in 2003 to market a new commercial product line of
22-25 foot boats and a 29 foot landing craft. The boats being displayed at the
show are configured as sport-fishing vessels.
"Although the focus of our company is on homeland security and defense
initiatives, we believe that the Radix-Norsco multi-use vessel will allow us to
compete for a share of the domestic pleasure craft market, which has the
potential of producing an important revenue stream for the company," said Kathy
Bright, C.E.O. of Radix.
Radix previously exhibited the Radix-Norsco joint project at the Fish Expo
WorkBoat Northwest in Seattle, Washington, November 20th through 22nd, 2003,
where it was enthusiastically received, and the company received a number of
requests for operational demos of the boat and tours of its Norsco manufacturing
facility in Kingston, Washington, an important step in securing sales contracts.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements." In some cases, you can
identify forward-looking statements by terminology such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative of such terms
and other comparable terminology. These forward-looking statements include,
without limitation, statements about our market opportunity, our strategies,
competition, expected activities and expenditures as we pursue our business
plan, and the adequacy of our available cash resources. Although we believe that
the expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. Actual results may differ materially from the predictions
discussed in these forward-looking statements. The economic environment within
which we operate could materially affect our actual results. Additional factors
that could materially affect these forward-looking statements include, among
other things, (1) general economic and business conditions; (2) the success of
our restructuring; (3) our ability to raise additional capital through the
offering of equity securities; (4) competition; (5) our ability to continue to
build strategic relationships within the marine industry, particularly within
the domestic and international high-speed USV market; (6) required accounting
changes; (7) our relationship with the U.S. Government; (8) approval of our
products by the U.S. Navy; (9) national security, including acts of domestic and
international terrorism, and (10) other factors over which we have little or no
control.
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, or visit the company's web site, radixmarine.com .
Press inquiries:
David Cochran
Cochran Edwards and Partners
Mobile: +1-206-251-7007
Shareholder Information Line: +1-360-692-6446
dcochran@radixmarine.com
SOURCE Radix Marine, Inc.
CONTACT: media, David Cochran of Cochran Edwards and Partners,
+1-206-251-7007, or Shareholder Information Line, +1-360-692-
446, or
dcochran@radixmarine.com, for Radix Marine
URL: radixmarine.com
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Copyright (C) 2004 PR Newswire. All rights reserved.
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KEYWORD: Washington
INDUSTRY KEYWORD: ARO
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SUBJECT CODE: TDS
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