UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

         For the quarterly period ended December 31, 2003


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934


 For the transition period from _____________________ to _______________________


                        Commission file number: 001-15337


                               RADIX MARINE, INC.
           ----------------------------------------------------------
           (Exact name of small business as specified in its charter)


                          9119 Ridgetop Blvd. Suite 260
                              Silverdale, WA 98383
                                 (360) 692-6446
                      -------------------------------------
                      Address of Principal Executive Office



        Nevada                                              84-0503585
------------------------                         -------------------------------
(State of Incorporation)                         (IRS Employer Identification #)


[X] Check  whether  the  issuer  (1) filed all  reports  require  to be filed by
Section 13 or 15(d) if the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

[ ] Check whether the registrant  filed all documents and reports required to be
filed by Section 12, 12 or 15 (d) of the Exchange Act after the  distribution of
securities under a plan confirmed by a court.


                      APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding of the Registrant's common stock as of February
17, 2004 was 58,946,655.

Transitional Small Business Disclosure Format:  [   ]  YES  [ X ] NO


<PAGE>

                               RADIX MARINE, INC.

                               TABLE OF CONTENTS


PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

                  Balance Sheet as of December 31, 2003

                  Statement of Operations

                  Statement of Cash Flows

                  Notes to Financial Statements

Item 2. Management's Discussion and Analysis of Financial Conditions and Plan of
Operations


PART II.  OTHER INFORMATION

         Item 1.  Legal Proceedings

         Item 2. Change in Securities and Use of Proceeds

         Item 3. Defaults Upon Senior Securities

         Item 4.  Submission of Matters to a Vote of Security Holders

         Item 5.  Other Information

         Item 6.  Exhibits and Reports on Form 8-K


SIGNATURES

<PAGE>

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


RADIX MARINE, INC.
(FORMERLY MODERN MFG SERVICES, INC.)
(A DEVELOPMENT STAGE CORPORATION)
CONSOLIDATED BALANCE SHEET
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                     DECEMBER 31,
                                                                        2003
                                                                     -----------
                                                                     (UNAUDITED)
<S>                                                                  <C>
ASSETS
    CURRENT ASSETS
       Cash                                                          $     1,809
       Accounts receivable                                                20,209
                                                                     -----------
          TOTAL CURRENT ASSETS                                            22,018
                                                                     -----------

    PROPERTY & EQUIPMENT
       Office equipment                                                    5,052
       Less accumulated depreciation                                        (680)
                                                                     -----------
                                                                           4,372
                                                                     -----------

    OTHER ASSETS
       Prepaid expense                                                    15,927
       Intangible assets not subject to amortization
          Goodwill                                                       550,704
       Intangible assets subject to amortization
          Other (net of accumulated amortization of $125,643)            376,928
                                                                     -----------
                                                                         943,559
                                                                     -----------

          TOTAL ASSETS                                               $   969,949
                                                                     ===========

LIABILITIES AND STOCKHOLDERS' (DEFICIT)
    CURRENT LIABILITIES
       Accounts payable                                              $   159,861
       Accounts payable - related party                                   15,208
       Accrued expenses                                                   24,697
       Payable to related parties                                        786,126
       Payable to others                                                 109,148
                                                                     -----------
          TOTAL CURRENT LIABILITIES                                    1,095,040
                                                                     -----------

    STOCKHOLDERS' (DEFICIT)
       Common stock,  $.001 par value; authorized
          75,000,000 shares; issued and outstanding
          52,984,124 shares as of December 31, 2003                       52,985
       Additional paid-in capital                                      4,197,980
       Deficit accumulated during the development stage               (4,376,056)
                                                                     -----------
          TOTAL STOCKHOLDERS' (DEFICIT)                                 (125,091)
                                                                     -----------

          TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)              $   969,949
                                                                     ===========
</TABLE>

                            See accompanying notes.

                                        2
<PAGE>

RADIX MARINE, INC.
(FORMERLY MODERN MFG SERVICES, INC.)
(A DEVELOPMENT STAGE CORPORATION)
CONSOLIDATED STATEMENTS OF OPERATIONS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                                       DEFICIT
                                                                                                                     ACCUMULATED
                                                           SIX-MONTHS ENDED               THREE-MONTHS ENDED          DURING THE
                                                             DECEMBER 31,                     DECEMBER 31,           DEVELOPMENT
                                                        2003             2002            2003            2002            STAGE
                                                     ------------    ------------    ------------    ------------    ------------
                                                     (UNAUDITED)     (UNAUDITED)     (UNAUDITED)     (UNAUDITED)     (UNAUDITED)
<S>                                                  <C>             <C>             <C>             <C>             <C>
INCOME                                               $     70,640    $     60,391    $     17,287    $     60,391    $    349,985
                                                     ------------    ------------    ------------    ------------    ------------

EXPENSES
  General and administrative expenses                   1,424,806         476,429       1,335,331         399,989       3,120,838
  Research & development                                   54,817          77,452          25,088          77,452         381,096
  Loss on abandonment of website development                   --              --              --              --         460,515
  Loss on impairment of goodwill                               --         750,000              --         750,000         750,000
                                                     ------------    ------------    ------------    ------------    ------------
                                                        1,479,623       1,303,881       1,360,419       1,227,441       4,712,449
                                                     ------------    ------------    ------------    ------------    ------------

OTHER INCOME (EXPENSES)
  Loss on repossession of marine vessel held under
       capital lease and repossession of assets                --         (27,155)             --         (27,155)        (40,246)
  Loss on stock issuance in exchange for debt            (364,657)             --        (364,657)             --        (364,657)
  Gain on extinguishment of debt                               --              --              --              --         504,117
  Interest income                                              --              --              --              --              42
  Interest expense                                         (9,723)        (51,670)         (9,103)        (51,337)       (112,848)
                                                     ------------    ------------    ------------    ------------    ------------
                                                         (374,380)        (78,825)       (373,760)        (78,492)        (13,592)
                                                     ------------    ------------    ------------    ------------    ------------

   NET LOSS                                          $ (1,783,363)   $ (1,322,315)   $ (1,716,892)   $ (1,245,542)   $ (4,376,056)
                                                     ============    ============    ============    ============    ============

   BASIC LOSS PER SHARE                              $      (0.05)   $      (0.08)   $      (0.04)   $      (0.06)
                                                     ============    ============    ============    ============

   WEIGHTED AVERAGE COMMON
       SHARES OUTSTANDING                              38,891,825      16,666,679      44,355,167      19,362,133
                                                     ============    ============    ============    ============
</TABLE>

                            See accompanying notes.

                                        3

<PAGE>

RADIX MARINE, INC.
(FORMERLY MODERN MFG SERVICES, INC.)
(A DEVELOPMENT STAGE CORPORATION)
CONSOLIDATED STATEMENTS OF CASH FLOWS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                    DEFICIT
                                                                                                  ACCUMULATED
                                                                     SIX-MONTHS ENDED             DURING THE
                                                                        DECEMBER 31,              DEVELOPMENT
                                                                   2003             2002             STAGE
                                                                -----------      -----------      -----------
                                                                (UNAUDITED)      (UNAUDITED)      (UNAUDITED)
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                             <C>              <C>              <C>
  Net loss                                                      $(1,783,363)     $(1,322,315)     $(4,376,056)
  Adjustments to reconcile net loss to net cash
    used by operating activities:
      Common stock issued for services                            1,242,221          198,380        1,771,652
      Abandonment of website development                                 --               --          422,108
      Loss on stock exchanged for debt                              364,657               --          364,657
      Loss on disposal and repossession of assets                        --           27,155           13,091
      Gain on extinguishment of indebtedness                             --               --         (504,117)
      Loss on impairment of goodwill                                     --          750,000          750,000
      Depreciation expense                                              505           21,633           36,400
      Amortization expense                                           50,257           25,129          125,643
      (Increase) decrease in assets
       (Increase) decrease in accounts receivables                   46,548          (17,019)         (20,209)
       (Increase) in deposits and other assets                           --           (8,205)              --
       (Increase) in capitalized software development costs              --               --         (152,597)
       (Increase) decrease in prepaid expenses                      (13,427)              --          (15,927)
      Increase (Decrease) in Liabilities

       Increase (decrease) in accounts payable and
      accrued expenses                                              (44,116)         140,320          764,882
       Increase in accrued compensation due officers                     --           72,900          306,259
       Increase in accrued interest                                   1,002               --           15,893
       Increase in indebtedness                                          --           10,342               --
                                                                -----------      -----------      -----------

      NET CASH USED IN OPERATING ACTIVITIES                        (135,716)        (101,680)        (498,321)
                                                                -----------      -----------      -----------

CASH FLOWS FROM INVESTING ACTIVITIES
       Property and equipment purchases                                  --               --           (5,280)
       Cash used in the acquisition of Integrated
            Maritime Platforms International, Inc.                       --         (127,000)        (127,000)
       Proceeds on loan receivable                                       --               --           54,840
       Advances of loan receivable                                       --               --          (31,075)
                                                                -----------      -----------      -----------

      NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES                   --         (127,000)        (108,515)
                                                                -----------      -----------      -----------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds  from private offerings                                       --          110,000          162,525
  Amounts received from loans payable                                20,000               --          127,000
  Amounts received from long-term debt                                   --               --          180,623
  Amounts received from notes payables                              108,500               --          111,000
  Amounts received from payables to others                               --               --          112,550
  Cash received in the reverse acquisition
    with MPEG Super Site, Inc.                                           --            1,641
  Amounts received from related parties                             121,025           53,272          364,910
  Loans from unrelated third parties                                     --           97,892               --
  Cash received in reverse acquisition with
    Integrated Maritime Platforms, International                         --              165               --
  Costs incurred in private offerings                                    --           (3,480)              --
  Repayments to related party                                      (112,145)          (9,500)        (221,219)
  Repayments of long-term debt                                           --               --         (224,485)
  Repayments of payable to others                                        --               --           (5,900)
  Reduction in capital lease obligation                                  --          (20,780)              --
  Loans to others                                                        --           (2,350)              --
                                                                -----------      -----------      -----------

      NET CASH PROVIDED BY FINANCING ACTIVITIES                     137,380          225,219          608,645
                                                                -----------      -----------      -----------

      NET INCREASE (DECREASE) IN CASH AND CASH
       EQUIVALENTS                                                    1,664           (3,461)           1,809

      CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                   145            3,461               --
                                                                -----------      -----------      -----------

      CASH AND CASH EQUIVALENTS - END OF PERIOD                 $     1,809      $        --      $     1,809
                                                                ===========      ===========      ===========
</TABLE>

                            See accompanying notes.

                                        4

<PAGE>

RADIX MARINE, INC.
(FORMERLY MODERN MFG SERVICES, INC.)
(A DEVELOPMENT STAGE CORPORATION)
CONSOLIDATED STATEMENTS OF CASH FLOWS
--------------------------------------------------------------------------------

                                                       SIX-MONTHS ENDED
                                                         DECEMBER 31,
                                                    2003               2002
                                                -------------     -------------
                                                 (UNAUDITED)        (UNAUDITED)
SUPPLEMENTAL DISCLOSURES OF CASH
  FLOW INFORMATION
CASH PAID FOR:
   Interest Expense                             $       4,675     $       9,636
                                                =============     =============
   Income Taxes                                 $          --     $          --
                                                =============     =============


NON-CASH FINANCING AND INVESTING INFORMATION:

         On September  30,  2002,  the Company  acquired all of the  outstanding
         shares of common stock of Integrated Maritime Platforms,  International
         Inc.  ("Integrated")  in exchange  for issuing  4,000,075 of its common
         stock and $127,000 which was used in Integrated's operations.

         In October 2002,  the Company  issued 10,000 shares of its common stock
         in exchange for equipment valued at $5,000.

         In November 20002, a shareholder of the Company  cancelled  $150,000 of
         indebtedness  due him in exchange for 1,000,000 shares of the Company's
         common stock.

         For  the six  months  ended  December  31,  2003,  the  Company  issued
         8,045,687  shares of its common stock in exchange for the  cancellation
         of $262,192 of indebtedness.

         During the six-months  ended December 31, 2003, the holder of a $20,000
         convertible  note elected to convert the amount due him and in exchange
         received 838,172 shares of the Company's common stock.

                            See accompanying notes.

                                        5

<PAGE>

RADIX MARINE, INC.
(FORMERLY MODERN MFG SERVICES, INC.)
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


NOTE 1 - ORGANIZATION

         Radix  Marine,  Inc.  (the  "Company"),  formerly  known as Modern  MFG
         Services,  Inc. is a corporation  that was formed under the laws of the
         State of Colorado on  September  30, 1958.  On  September  30, 2002 the
         Company acquired  Integrated  Maritime  Platforms  International,  Inc.
         ("Integrated").  Integrated is currently developing for construction an
         Unmanned  Surface  Vehicle  Prototype.  It is the  Company's  intent to
         develop and market a complete line of manned and unmanned  marine craft
         for the domestic and international market.

         The Company is in the development stage as defined in FASB Statement 7.
         The Company has not paid any dividends and dividends,  that may be paid
         in the future, will depend on the financial requirements of the Company
         and other relevant factors.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         INTERIM FINANCIAL STATEMENTS

         The  accompanying   unaudited  consolidated  financial  statements  are
         represented  in accordance  with the  requirements  for Form 10-QSB and
         article 10 of Regulation S-X and Regulation S-B.  Accordingly,  they do
         not include all the disclosures normally required by generally accepted
         accounting  principles.  Reference  should be made to the Radix Marine,
         Inc.  consolidated  financial  statements  for the year  ended June 30,
         2003, contained in the Company's Form 10-KSB for additional disclosures
         including a summary of the Company's  accounting  policies,  which have
         not significantly changed.

         In the opinion of the Company's management,  the accompanying unaudited
         consolidated  financial statements contain all adjustments  (consisting
         of normal recurring accruals) necessary to present fairly the financial
         position of the Company as of December 31, 2003, and the results of its
         operations  and cash flows for the  three-month  and six-month  periods
         ended December 31, 2002 and 2003. The operating  results of the Company
         on a quarterly or semi-annual  basis may not be indicative of operating
         results for the full year.


                                       6
<PAGE>

         BASIS OF PRESENTATION

         The Company's  consolidated financial statements are prepared using the
         accrual method of accounting in accordance with  accounting  principles
         generally  accepted  in the United  States and have been  prepared on a
         going concern basis,  which  contemplates the realization of assets and
         the settlement of liabilities in the normal course of business.

         PRINCIPLES OF CONSOLIDATION

         The accompanying consolidated financial statements include the accounts
         of the Radix Marine,  Inc. and its wholly owned subsidiary,  Integrated
         Maritime Platforms  International,  Inc. Intercompany  transactions and
         balances have been eliminated in consolidation.

         REVENUE RECOGNITION

         TheCompany  generates its revenue from a government  contract on a cost
         plus fixed fee basis.  The Company  recognizes  revenues at the time it
         invoices the government.

         ALLOWANCE FOR DOUBTFUL ACCOUNTS

         The allowance for doubtful  accounts on accounts  receivable is charged
         to  income  in  amounts   sufficient  to  maintain  the  allowance  for
         uncollectible  accounts at a level  management  believes is adequate to
         cover any probable  losses.  Management  determines the adequacy of the
         allowance  based on historical  write-off  percentages  and the current
         status of  accounts  receivable.  Accounts  receivable  are charged off
         against  the  allowance  when   collectibility   is  determined  to  be
         permanently  impaired.  As of December  31,  2003,  the Company did not
         establish any reserve for doubtful accounts.

         DEPRECIATION

         The cost of property and  equipment is  depreciated  over the estimated
         useful lives of the related assets.  The Company's  office equipment is
         being  depreciated  on the  straight-line  method  for  both  financial
         reporting  and  income tax  reporting  purposes.  Depreciation  expense
         charged to operations for the three-months ended December 31, 2002, and
         2003 were $21,428 and $253 respectively.  Depreciation  expense charged
         to operations for the six-months ended December 31, 2002, and 2003 were
         $21,633 and $505, respectively.


                                       7
<PAGE>

         LONG-LIVED ASSETS

         In  August  2001,  SFAS No.  144,  "Accounting  for the  Impairment  or
         Disposal of Long-Lived  Assets," was issued  establishing new rules and
         clarifying implementation issues with SFAS No. 121, "Accounting for the
         Impairment  of  Long-Lived  Assets  and  for  Long-Lived  Assets  to be
         Disposed of, "by allowing a  probability-weighted  cash flow estimation
         approach to measure the  impairment  loss of a  long-lived  asset.  The
         statement   also   established   new  standards  for   accounting   for
         discontinued  operations.  Transactions  that qualify for  reporting in
         discontinued  operations  include the  disposal  of a  component  of an
         entity's operations that comprises operations and cash flow that can be
         clearly  distinguished,   operationally  and  for  financial  reporting
         purposes,  from  the  rest of the  entity.  The  Company  adopted  this
         standard  and  in  accordance   with  the  statement  the  Company  has
         reclassified  the gain on  extinguishment  of debt  from  extraordinary
         items to continuing operations.

         NET LOSS PER SHARE

         The Company adopted the provisions of Statement of Financial Accounting
         Standards   ("SFAS")  No.  128,   "Earnings  Per  Share"  ("EPS")  that
         established standards for the computation,  presentation and disclosure
         of earnings per share, replacing the presentation of Primary EPS with a
         presentation of Basic EPS.

         CASH AND CASH EQUIVALENTS

         For purposes of the statement of cash flows, the Company considers cash
         and cash equivalents to include all stable,  highly liquid  investments
         with maturities of three months or less.

         USE OF ESTIMATES

         The  preparation of financial  statements in conformity  with generally
         accepted  accountings  principles requires management to make estimates
         and  assumptions  that  affect  the  reported  amounts  of  assets  and
         liabilities and disclosure of contingent  assets and liabilities at the
         date of the financial  statements and the reported  amounts of revenues
         and expenses during the reporting  period.  Actual results could differ
         from those estimates.

         INCOME TAXES

         The  Company  accounts  for its income  taxes under the  provisions  of
         Statement of  Financial  Accounting  Standards  109 ("SFAS  109").  The
         method of  accounting  for income  taxes under SFAS 109 is an asset and
         liability   method.   The  asset  and  liability  method  requires  the
         recognition  of deferred  tax  liabilities  and assets for the expected
         future tax consequences of temporary  differences between tax bases and
         financial reporting bases of other assets and liabilities.


                                       8
<PAGE>

         FAIR VALUE OF FINANCIAL INSTRUMENTS

         Pursuant to SFAS No. 107,  "Disclosures  About Fair Value of  Financial
         Instruments", the Company is required to estimate the fair value of all
         financial  instruments included on its balance sheet as of December 31,
         2003.  The Company  considers the carrying value of such amounts in the
         financial statements to approximate their face value.

         ISSUANCES INVOLVING NON-CASH CONSIDERATION

         All issuances of the Company's  stock for non-cash  consideration  have
         been assigned a dollar amount  equaling  either the market value of the
         shares issued or the value of consideration  received whichever is more
         readily  determinable.  The  majority  of  the  non-cash  consideration
         received  pertains to services  rendered by consultants  and others and
         have been valued at the market value of the shares issued.

         RECLASSIFICATION

         Certain  amounts  have in December 31, 2002 have been  reclassified  to
         conform with the December 31, 2003 presentation.  Such reclassification
         had no effect on net income as previously reported.

         PENSION PLAN

         The  Company  started a 401(k)  plan  effective  January 1,  2003.  All
         employees employed on the effective date are eligible.  Employees hired
         after the  effective  date are required to have one year of service and
         be at least twenty-one years old. The plan has matching  contributions,
         which are  discretionary  and determined  annually by the plan sponsor.
         After six years of service  the  vesting  percentage  is 100%.  For the
         three-months  and  six-months  ended  December 31, 2003,  the Company's
         pension expense was $0.

NOTE 3 - INTANGIBLE ASSETS

         As of December  31, 2003 the Company has  intangibles  assets  totaling
         $1,803,324.  Of that amount,  $1,300,754  was allocated to goodwill and
         $502,570  was  allocated to the  purchase of a contract  regarding  the
         development and production of an Unmanned Surface Vehicle. The price of
         the  contract  is  being  amortized  over  the  five-year  term  of the
         contract.  Amortization expense for the three-months ended December 31,
         2002 and 2003 were  $25,129  and  $25,129,  respectively.  Amortization
         expense  for the  six-months  ended  December  31,  2002 and 2003  were
         $25,129 and $50,257, respectively.


                                       9
<PAGE>

         Estimated  amortization  expense  for each of the next five years is as
         follows:

                           2004             $ 100,514
                           2005               100,514
                           2006               100,514
                           2007                75,386
                           2008                    --
                                            ---------
                              Total         $ 376,928
                                            =========

         Goodwill is assigned to specific  reporting  units and is reviewed  for
         possible  impairment  at least  annually  or more  frequently  upon the
         occurrence  of  an  event  or  when  circumstances  indicate  that  the
         reporting carrying amount exceeds its fair value. During the year ended
         June 30, 2003, the Company determined the carrying amount of net assets
         acquired in the  purchase of  Integrated  exceeded  their fair  values,
         which was  estimated  based upon the present  value of expected  future
         cash inflows.  Accordingly,  a goodwill impairment loss of $750,000 was
         recognized by that  reporting unit during the year ended June 30, 2003.
         For the  six-months  ended  December 31, 2003, no  impairment  loss was
         recognized by the Company.

NOTE 4 - RELATED PARTY TRANSACTIONS

         The  Company  has a loan of  $50,000  from a third  party.  The loan is
         evidenced by a promissory  note and matured on November 22, 2002,  when
         $65,000  became fully due and  payable.  The loan is  convertible  into
         common  shares of the Company at a rate of $.20 per share  issued for a
         potential  issuance of 312,500 shares. In connection with the loan, the
         Company is required to issue  37,500  shares of its common  stock.  The
         Company  issued  these  shares in January  2003  valued at $3,750.  The
         balance due as of December  31, 2003 was  $62,500.  The Company has not
         been able to make any payments on the loan and the loan is in default.

         In  the  purchase  of  Integrated  Maritime,  the  Company  assumed  an
         obligation  evidenced by a promissory  note that Integrated owed on the
         purchase of its contract to develop the Unmanned Surface Vehicle. Under
         the terms of the obligation,  total payments cannot exceed $750,000 and
         the note matures on April 25, 2005.  Upon the maturity of the note, any
         remaining amounts due under the note are forgiven.  However, during the
         term of the Note,  the Company is required to pay the holder 20% of all
         amounts raised and from the profit received under the contract.


                                       10
<PAGE>


         The  obligation  and the  related  asset were  valued at the  estimated
         present value of the expected future payments over the term of the note
         of  $520,512.  In  calculating  the present  value the Company  used an
         interest  rate  of 8% per  annum.  In  addition,  the  Company  accrued
         interest on this  obligation  during the six-months  ended December 31,
         2003  totaling  $50,353  and the  Company  paid  $34,785  towards  this
         obligation. The balance due at December 31, 2003 was $388,032.

         In  addition,  the  Company at  December  31,  2003 owes other  related
         parties a total of $285,241,  which is unsecured,  non-interest bearing
         and due on demand.

         During the  six-months  ended  December,  31, 2003 the  Company  issued
         2,550,417   shares  of  its  common  stock  in  the  exchange  for  the
         cancellation of $91,192 of indebtedness to related parties.

NOTE 5 - PAYABLE TO OTHERS

         In the  reverse  acquisition  of MPEG on August 6,  2001,  the  Company
         assumed  $259,148 of  indebtedness  due to a third party.  This loan is
         unsecured,  non-interest  bearing, and is due on demand. As of December
         31, 2003 the balance is $109,148.

NOTE 6 - INCOME TAXES

         Income taxes are  provided  based on earnings  reported  for  financial
         statement purposes pursuant to the provisions of Statement of Financial
         Accounting  Standards No. 109 ("FASB  109").FASB 109 uses the asset and
         liability method to account for income taxes. That requires recognizing
         deferred  tax  liabilities  and  assets  for the  expected  future  tax
         consequences of temporary  differences  between tax basis and financial
         reporting basis of assets and liabilities.

         An allowance has been provided for by the Company which reduced the tax
         benefits  accrued by the Company for its net operating  losses to zero,
         as it cannot be determined  when, or if, the tax benefits  derived from
         these operating losses will  materialize.  As of December 31, 2003, the
         Company  has unused  operating  loss  carryforwards,  which may provide
         future tax  benefits in the amount of  approximately  $1,646,000  which
         expire in various years through 2023.

NOTE 7 - ISSUANCES INVOLVING NON-CASH CONSIDERATION

         During the  six-months  ended  December  31,  2003 the  Company  issued
         8,883,859  shares of its common stock in exchange for the  cancellation
         of $262,192 of indebtedness. The 8,883,859 shares were valued at market
         on the date of issuance  totalling  $626,849 The difference between the
         value  of the  shares  issued  ($626,849)  and the  amount  of the debt
         cancelled ($262,192) of $364,657 has been charged to operations.

NOTE 8 - SUBSEQUENT EVENTS

         In January 2004 the Company issued 5,962,530 shares of its common stock
         in exchange  for the  cancellation  of $213,724  of  indebtedness.  The
         shares were valued $475,682, the market value of the shares on the date
         of issuance.


                                       11
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF
OPERATION

         For the three-months ended December 31, 2002 and 2003

         During the three-month  period ended December 31, 2003, the Company had
         revenue of $17,287 from its contract  with the U.S.  Navy.  It incurred
         general  and  administrative   expenses  totaling   $1,335,331,   which
         consisted  primarily of consulting and legal fees amounting to $806,330
         and $396,884, respectively.  Substantially all of the $806,330 incurred
         for consulting fees were paid through the issuance of 8,708,000  shares
         of the Company's common stock.  Substantially  all of the legal fees of
         $396,884  were paid  through the  issuance of  2,500,000  shares of the
         Company's  common stock. The services were valued based upon the market
         value  of  the  issued  shares  on the  respective  date  of  issuance.
         Consulting  fees incurred during the  three-month  period  pertained to
         marketing and  advertising  agreements  with  unrelated  third parties.
         During the quarter,  the Company also incurred  $25,088 in research and
         development  costs,  interest  expense  of  $9,103  and a loss on stock
         issuance in exchange for debt totaling $364,657.

         During the three-month  period ended December 31, 2002, the Company had
         revenue of $60,391 from its contract  with the U.S.  Navy.  It incurred
         general and administrative expenses totaling $399,989,  which consisted
         primarily of  consulting  fees that totaled  $208,279.  Of this amount,
         $194,880  was paid  through the  issuance  of 676,000  shares of common
         stock. It incurred $77,452 in research and development costs,  interest
         expense  of  $51,337,  an  impairment  loss of  goodwill  amounting  to
         $750,000 and a loss from the  repossession  of a marine vessel totaling
         $27,155.

         For the six-months ended December 31, 2002 and 2003

         During the six-month  period ended  December 31, 2003,  the Company had
         revenue of $70,640 from its contract  with the U.S.  Navy.  It incurred
         general  and  administrative   expenses  totaling   $1,424,806,   which
         consisted  primarily of consulting and legal fees that totaled $810,080
         and  $400,000.  respectively.  As indicated  above,  substantially  all
         services  rendered in connection  with  consulting  and legal were paid
         through the issuance of shares of the  Company's  common  stock.  Total
         common shares  issued for legal  services  during the six-month  period
         totaled  4,500,000.  During the  six-month  period,  the  Company  also
         incurred $54,817 in research and development costs, interest expense of
         $9,723  and a loss on stock  issuance  in  exchange  for debt  totaling
         $364,657.

         During the six-month  period ended  December 31, 2002,  the Company had
         revenue of $60,391 from its contract  with the U.S.  Navy.  It incurred
         general and administrative expenses totaling $476,429,  which consisted
         primarily of  consulting  fees that totaled  $208,279.  Of this amount,
         $194,880  was paid  through the  issuance  of 676,000  shares of common
         stock. It incurred $77,452 in research and development costs,  interest
         expense  of  $51,670,  an  impairment  loss of  goodwill  amounting  to
         $750,000 and a loss from the  repossession  of a marine vessel totaling
         $27,155.


                                       12
<PAGE>

         Liquidity and Capital Resources

         Cash and cash  equivalents  as of December 31, 2003,  was  increased by
         $1,664.  Amounts  received from loans were  $249,525.  Included in this
         amount was $121,025 from related parties. Repayments to related parties
         during the six-month period were $112,145.  During the six-months ended
         December 31, 2003, the Company used $135,716 in its operations.

         Cash and cash  equivalents  as of December 31, 2002,  was  decreased by
         $3,461.  Cash received during this six-month  period included  $110,000
         from the sale of 627,275 shares of the Company's common stock,  $50,000
         from an investor in exchange for a convertible  note,  $53,272 from the
         operations  manager  of the  Company,  $25,192  from a loan  secured by
         accounts  receivable and a $22,700 from loans from other third parties.
         During the  six-months  ended  December  31,  2002,  the  Company  used
         $101,680 was used in  operations,  $127,000 was used in the purchase of
         Integrated  Maritime,  $3,480 was  incurred  in private  offerings  and
         $9,500 was repaid to a related party.

         Management Plan of Operations

         The company has  historically  and continues to rely on equity and debt
         financing to sustain  operations.  A revenue source was established for
         the first time in the  company's  history  through the  acquisition  of
         Integrated   Maritime  Platforms   International,   Inc.   ("Integrated
         Maritime"). Integrated Maritime is currently developing a complete line
         of manned and unmanned  craft for domestic and  international  sales. A
         portion of these costs are covered  under the  company's  contract with
         the U.S.  Navy  for  unmanned  surface  vehicles.  However,  additional
         capital is  required  to  prototype  and market the product in order to
         generate revenues for continued operations.

         The  company  is  currently   working  with  several   funding  sources
         concurrently  for either debt or equity  financing,  or a  combination.
         These   discussions   are  in  the  early  stages  and  the  terms  not
         sufficiently finalized at this time.

         As funds are  received  through  revenues,  debt or  additional  equity
         financing, management plans to negotiate with creditors to settle prior
         and  outstanding  obligations for either a reduced amount or settle the
         debt through the issuance of the company's stock.

         In July of 2003,  the  company  signed a letter  of intent  with  Radix
         Ortega to acquire a portion of their  company.  Radix  Ortega  provides
         environmental and construction management services, with a focus on the
         marine  industry.  The company had planned  finalize  this  acquisition
         during the second quarter of the fiscal year,  however,  at the present
         time,  cannot commit to a timeframe  within which such acquisition will
         in fact be completed.


                                       13
<PAGE>

         Forward-Looking Statements

         Certain  statements  concerning  the  Company's  plans  and  intentions
         included herein  constitute  forward-looking  statements for purpose of
         the  Securities  Litigation  Reform  Act of 1995 for which the  Company
         claims a safe harbor under that Act. There are a number of factors that
         may affect  the  future  results  of the  Company,  including,  but not
         limited to, (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.


                                       14
<PAGE>

         PART II. OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

We are not a party to any material legal  proceedings  and to our knowledge,  no
such proceedings are threatened or contemplated.


ITEM 2.  CHANGE IN SECURITIES AND USE OF PROCEEDS

During the second  quarter of 2003,  the  Company  issued a total of  16,109,497
shares of its common stock,  of which  8,708,000  shares were issued in exchange
for consulting  services 4,901,497 issued to retire debt; and 2,500,00 issued in
connection with legal fees.

From  January 1, 2004 through  February 9, 2004,  the company  issued  5,962,530
shares of its common stock,  of which  4,710,979 were issued upon  conversion of
promissory notes from which the company received  $107,962.37 and 1,251,542 were
issues to retire debt.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.


ITEM 5. OTHER INFORMATION.

None.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibits

Exhibit 2.1:      Agreement and Plan of Merger, dated April 4, 2003 by and among
                  Modern MFG Services, Inc., Modern Acquisition Co., and
                  Integrated Maritime Platforms International, Inc.(1)

Exhibit 3.1:      Articles of Incorporation(2)

Exhibit 3.2:      Certificate of Amendment of the Articles of Incorporation(2)

Exhibit 3.3:      By-laws(2)

Exhibit 99.1:     CEO Certification Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

Exhibit 99.2:     CFO Certification Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

Exhibit 99.3:     CEO Certification Pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

Exhibit 99.4:     CFO Certification Pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.


(1)  Incorporated  by reference from our Form 8-K/A filed with the Commission on
June 20, 2003 and our Form 8-K filed with the Commission on April 18, 2003.

(2) Incorporated by reference from our registration statement on Form 10-SB12G/A
filed with the Commission on June 9, 1997 - File No. 000-22027.

(b) Reports on Form 8-K

The  Company  filed no reports on Form 8-K  during  the  quarter  for which this
report is filed.


                                       15

<PAGE>


SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                      RADIX Marine, Inc.

                                      By: /s/ Kathleen Bright, President
                                          -----------------------------------
                                          Kathleen Bright, President


                                      By: /s/ Scott Edwards, Acting CFO
                                          -----------------------------------
                                          Scott Edwards, Acting CFO


Date: February 18, 2004



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