SOURCE: Mission Ready Services Inc.

Mission Ready Services Inc.

May 12, 2017 08:00 ET

Mission Ready Provides Corporate Update

VANCOUVER, BC--(Marketwired - May 12, 2017) - Mission Ready Services Inc. ("Mission Ready" or the "Company") (TSX VENTURE: MRS) is pleased to provide the following update on its recent sales and growth achievements and a brief summation of the milestones achieved by the Company to date in 2017.

Wild Things USA Inc.
Mission Ready announced the closing of the acquisition of Wild Things, LLC ("Wild Things") on March 9, 2017 in a transaction valued at USD $4.5MM. As a follow-up to the most recent update from the Company providing further details on the Wild Things integration, Mission Ready is pleased to report that Wild Things has not only advanced its operations despite transitional challenges, but has increased its bookings significantly over the same period in 2016.

Edward Schmults, President of Wild Things, states, "The market for military apparel continues to look strong for 2017 as Wild Things' bookings are running significantly ahead of last year. Our strategy of continually upgrading the performance of our products through design and fabric improvements is showing positive results and we expect to carry this momentum through the vital Q3 and Q4 buying season."

Protect The Force
Located in Jacksboro, TN, the Company's 22,000 square foot facility, PTF Manufacturing, has scaled quickly since its initial launch in 2016 and is well positioned to effectively deliver on the current USD $1,400,000 in open purchase orders while expanding and refining its processes to accommodate the growing demand at present, and to ensure sustainable growth going forward.

"Through PTF's growing visibility in the market place and our forward-thinking approach to consistent innovative product development, we are seeing steady increases in our company's growth. This includes law enforcement products division as well as a continued demand in our technical garment program, including the newly integrated Wild Things brand and a global interest in our Flex 9 tactical garment offering. We are excited about our growing business posture and our impact on this dynamic market place," states Tom Wilson, PTF's Director of Manufacturing.

2017 Milestones
January

  • Mission Ready raises CAD $466,000 for the advancement of initiatives including the purchase of materials and manufacturing equipment
  • Protect The Force wins DoD 'Game Changer' award for No-Contact Technology
  • Protect The Force announces strengthened branding initiatives and attendance at SHOT Show 2017 in Las Vegas

February

  • Mission Ready announces USD $6MM commitment from White Horse R&D, Inc. for B-Cool concealed carriers to be delivered over 36-months

March

  • Mission Ready welcomes Jeff Schwartz as the Company's new CEO
  • Mission Ready closes Wild Things acquisition
  • Mission Ready announces strategic partnership with Soteria Armor
  • Mission Ready announces exclusive licensing agreement with KT Chemicals for proprietary heavy metal decontamination technology

April

  • Mission Ready announces winning submission to develop US Navy Electrician's Impact Safety vest
  • Mission Ready engages First Republic Capital to facilitate convertible debenture financing, closes CAD $800,000

May

  • Mission Ready names Major General (Retired) Peter Fuller as Chairman of the Board

Jeff Schwartz, President & CEO of Mission Ready, states, "As we embrace the many recent developments within the Company -- acquisitions, management reorganizations, brand enhancements -- we are excited for the opportunity to bring it all to life in a way that is not new, but better. The fruits of these efforts are beginning to show and we expect great things in 2017 with a team who is highly committed to, and passionate about, the protection of those who protect us and building value for our shareholders."

About Mission Ready Services Inc.
Mission Ready serves to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.

Headquartered in Vancouver, BC, Mission Ready has three distinct, synergistic operating divisions:

  • Innovations and Development of Personal Protective Equipment
  • Manufacturing of Leading Military & Law Enforcement Personal Protective Equipment
  • Cleaning, Decontamination & Repair of Personal Protective Equipment

Mission Ready's management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.

For further information, visit MissionReady.ca or ProtectTheForce.com

Mission Ready Services Inc.

(signed "Jeff Schwartz")

Jeff Schwartz,
President & CEO

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Services Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Services Inc. to be materially different from those expressed or implied by such forward-looking information.

Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Services Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Services Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Terry Nixon
    Director, Corporate Communications
    Telephone: 1.877.479.7778
    MissionReady.ca