Redfin Network, Inc.(fka RFNN)

[MobileMadMan]

Well, J.S. does/did "believe" that the company will be "Cash Flow Positive" and "profitable" in 2013!


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Dear Shareholders:

As the transaction processing landscape continues to change, driven by technological advances, so does the need to maintain and adapt to these new technologies across the diverse offering of transaction processing devices. RedFin over the past 12 months has been able to stay ahead of industry changes and we believe our shareholders will see that these focused changes will significantly enhance revenues in 2013.

In an exclusive partnership with Blue Bamboo®, RedFin released the H50A, our highly anticipated upgrade of our long-standing flagship product, the H50. This upgraded device carries the same look and feel of the original H50, with enhanced performance. I believe that the improved connectivity, faster transactions speeds, the ability to process credit/PIN debit/check/gift/loyalty and EBT transactions, and the ability to track PO#'s, invoice #'s and customer/employee ID's provides the opportunity to position this device as a true leader in the mobile market space.

As a transaction solution provider, RedFin has also entered into a strategic partnership with several proven software development groups to release our own Hospitality and Retail POS software to be marketed as RedFin Restaurant and RedFin Retail. These offerings, software only and software/hardware packages, are very competitively priced and are being very well received by our reseller network and their customers.

The RedFin Network PCI compliant payment gateway continues to be enhanced and provides the most secure and available service connecting over 10,000 merchants with over 40 processing platforms.

Most importantly, we have made adjustments to our internal payroll overhead resulting in a reduction of nearly 30%. That, along with increased sales margins, we believe will allow RedFin to reach its goal of becoming cash flow positive and profitable in 2013 translating into increased shareholder value. RedFin also entered into a financing agreement with TCA Global Credit Master Fund. See http://www.tcaglobalfund.com/Press-Releases/