Mission Ready Services Inc. Announces Filing of 2016 Q3 Financials, MD&A and Certification of Interim Filings on SEDAR

VANCOUVER, B.C. – November 29, 2016 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) announces that its quarterly unaudited financial statements, related Management’s Discussion & Analysis (“MD&A”) and National Instrument (“NI”) 52-109FV2 reports for the period ended September 30, 2016 were filed on SEDAR on November 29, 2016 and can be viewed at http://www.sedar.com.

For the nine months ended September 30, 2016 the Company’s gross revenues decreased by $3.4 million to $3.6 million (2015 – $7.1 million), a 49% decrease over the same period in the prior year. This decrease is due to a one-time $4.2 million contract the company performed for the US Marines that was completed in the fall of 2015. The lower gross revenues of the Company’s Cleaning and Remediation division was partially offset by increased revenues of the Research Development & Manufacturer Representation divisions and the start of revenues generated by the Manufacturing division. Total expenses included in determining Income (Loss) Before Other Items decreased 28% to $4.8 million from $6.6 million. Income Before Other items decreased by $1.6 million from income in 2015 of $0.48 million to a loss of $1.14 million in 2016. The decrease in revenues and expenses is primarily due to the Company’s performance of the previously mentioned one year contract for the US Marines in 2015 partially offset by the initial set up costs of the Company’s new manufacturing facility.

Highlights

Flex9Armor™ Manufacturing Begins
A key focus of the Company is on its proprietary Flex9Armor™ base layer shirt for law enforcement agencies and foreign militaries. The Company recently completed its first shipment of shirts to a US County SWAT team. Additional Flex9Armor™ shipments are currently being prepared for a foreign military order while evaluations are underway by a number of European NATO nations.

Acquisition of NIJ Ballistic Certifications
With the acquisition of certain manufacturing assets, trademark, customer list and 23 certifications of models that Comply with the U.S. Department of Justice, National Institute of Justice (“NIJ”) standard-0101.06 for ballistic-resistance of body armor of ForceOne, LLC, the Flex9Armor™ and other PTF ballistic products are now being manufactured at the Company’s recently launched manufacturing facility based in Campbell County, Tennessee – a designated HUBZone (Historically Underutilized Business Zone).

Winner of TEEX Award
The Company recently won an award through the US DoD’s Defense to Response (D2R) Technology Program for the provision of USD $110,000 in services from Texas A&M Engineering Extension Service’s Product Development Center (TEEX PDC) to commercialize PTF’s Flex9Armor™ to enhance public safety and homeland security.

About Mission Ready
MRSI’s mission is 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:

  • Strategic consulting services and manufacturers representation
  • Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
  • Product research and development

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 contact:

Terry Nixon – Director, Corporate Communications
Telephone: 1.877.479.7778

Mission Ready Services Inc.

(signed “Rod Reum”)

Rod Reum,
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.

Naval Technology Article – Marines Ballistic Base Layer

The Marines Next Generation Body Armor is a Marine-unique development that integrates a number of life-saving features.

Mission Ready Services has completed development of a next-generation protective combat shirt, ballistic base layer (BBL), for the US Marine Corps (USMC), which is intended to provide soldiers with better protection and mobility.

In 2014, the Marine Corps Systems Command (MARSYSCOM) awarded the $1.4m, two-year project to Mission Ready Services’ subsidiary Protect The Force for research and development of the next-generation body armour architecture.

 

CLICK HERE TO READ THE FULL ARTICLE AT NAVAL-TECHNOLOGY.COM

Source:
www.naval-technology.com

Mission Ready’s Protect The Force Announces Initial Shipment of Flex9Armor™

VANCOUVER, B.C. – November 23, 2016 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V: MRS) is pleased to announce the initial order and shipment of its Flex9Armor™ Tactical Police Shirt to a US County Sheriff Department SWAT unit. Developed and fulfilled through the Company’s wholly-owned subsidiary, Protect The Force Inc. (“PTF”), additional Flex9Armor™ shipments are currently being prepared for a foreign military order while evaluations are underway by a number of European NATO nations.

Flex9Armor™ – jointly developed in cooperation with the U.S. Military – is comprised of a family of protective garments that provide stringent levels of ballistic protection while maintaining exceptionally lightweight and flexible characteristics. Traditional Armor lacks coverage of the arms, chest and neck region of the body, and current additional protection for these areas adds weight and reduces mobility. Flex9Armor™ incorporates a network of NIJ Level II and IIIA body armor panels into a breathable anti-microbial material that is 30% lighter than conventional armor. Integrating all of these features into one combined garment makes Flex9Armor™ a superior option for first responders that is available in standard and fire retardant configurations. Additionally, PTF this week released a variant of the Flex9Armor™, the Flex9Spike™, designed for use by Federal, State and Local correctional facilities.

In a News Release dated October 27, 2016, Mission Ready announced that PTF had won an award through the US DoD’s Defense to Response (D2R) Technology Program for the provision of USD $110,000 in services from Texas A&M Engineering Extension Service’s Product Development Center (TEEX PDC) to commercialize PTF’s Flex9Armor™ to enhance public safety and homeland security. Protect The Force is currently working with over 70 US federal, state and local law enforcement agencies at various stages of the evaluation and purchasing process. In anticipation of a significant demand for the Flex9Armor™, PTF has streamlined its processes through a state-of-the-art online order fulfillment platform and recently launched a manufacturing division based in Jacksboro, Tennessee in order to efficiently and effectively meet client requests.

More information on the PTF line of products – including the Flex9Armor™ – can be found at: http://protecttheforce.com/

For further information, visit MissionReady.ca or contact:

Terry Nixon – Director, Corporate Communications
Telephone: 1.877.479.7778

Mission Ready Services Inc.

(signed “Rod Reum”)

Rod Reum,
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.

Mission Ready’s Protect The Force Develops the US Marines Next Generation Ballistic Base Layer

VANCOUVER, B.C. – November 22, 2016 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) is pleased to announce the successful completion of the Marines Next Generation Body Armor development project (the “Project”) for the United States Marine Corps (“USMC”). Following a contract award by the Marine Corps Systems Command (“MARSYSCOM”), the Project was completed on schedule and under budget.

Managed by Francisco Martinez, Chief Technical Officer of Protect The Force (“PTF”), a wholly-owned subsidiary of the Company, the two year Project was funded through the Department of the Navy (“DoN”) Office of Naval Research (“ONR”) Rapid Innovation Fund (“RIF”), the revolutionary combat shirt, the Ballistic Base Layer (“BBL”), is now being readied for field deployment in keeping with the RIF objective to accelerate fielding of innovative technologies into military systems.

Mr. Martinez states, “The Marines Next Generation Body Armor is a Marine-unique development that integrates a number of life saving features. The BBL is a First-of-a-Kind protective combat shirt, specifically tailored to the Marine Corps equipment requirements, that addresses deficiencies identified by injuries recorded through Operation Iraqi Freedom and Operation Enduring Freedom. PTF is honored to have been selected by ONR and MARCORSYSCOM to develop the Ballistic Base Layer.”

The BBL is a revolutionary armored shirt worn under the Marines Body Armor Vest that integrates modular deltoid, yoke and collar protection into an athletic flame resistant combat shirt. Newly developed breathable fragment protective knits were integrated into the sleeves and lower torso for additional protection against fragments resulting from Improvised Explosive Device (IED) detonations.

The Marines Product Manager Clothing Infantry Equipment (“PdM ICE”) was the recipient of 100+ prototypes of the BBL and 6 additional prototypes with integrated micro climate cooling tubes.

Mr. Martinez further states, “The PM-ICE technical staff and all the contracting groups supporting the effort were a delight to work with and we are honored to have received their input and support. We look forward to working with the Marines PdM ICE as the requirements for the BBL are finalized and the item is fielded. Additionally, we wish to thank all of our employees, contractors, subcontractors and suppliers for their support in successfully developing the Marines Next Generation Ballistic Base Layer and look forward to continue working with them.”

About MCSC & PdM ICE
Marine Corps Systems Command serves as the Department of the Navy’s systems command for Marine Corps ground weapon and information technology system programs in order to equip and sustain Marine forces with full-spectrum, current and future expeditionary and crisis response capabilities.

Product Manager Infantry Combat Equipment is a dedicated and proactive team, which ensures all Marines are equipped with the best available material solutions to meet validated requirements, by developing, fielding, and sustaining infantry combat equipment to enhance the performance, capability, survivability, and mobility of Marines.

About Mission Ready
MRSI’s mission is 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:

  • Strategic consulting services and manufacturers representation
  • Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
  • Product research and development

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 contact:

Terry Nixon – Director, Corporate Communications
Telephone: 1.877.479.7778

Mission Ready Services Inc.

(signed “Rod Reum”)

Rod Reum,
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.

Mission Ready Reorganizes Sales Business

VANCOUVER, B.C. – November 3, 2016 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V: MRS) is pleased to announce a reorganization of its subsidiary Protect The Force Inc. (PTF) that will enable it to extend its reach into the law enforcement and tactical markets while eliminating some overheads and streamlining costs.  The Company, by agreement with Gary Hess who has been the President of PTF, will see Mr. Hess leave the Mission Ready group of companies and organize an independent sales group that will work closely with ADS, Inc. to promote, among other products, the Protect The Force Flex9 law enforcement ballistic shirt and other tactical gear.  Based in Virginia Beach, Virginia, ADS is one of the largest distributors in the industry with more than 150 sales representatives providing operational equipment to the U.S. and allied Armed Forces, first responders, vetted government contractors and emergency responders and officers.

PTF’s ongoing business will continue under the direction of our current Business Development Director Mike Morehouse. Mike retired from the Marine Corps after spending 21 honorable and faithful service years as a Fire and Emergency Services Officer.  Mike served as a fire chief while on active duty managing Aircraft Rescue and Fire Fighting operations on Marine Corps Air Stations in the United States and abroad including Japan and Iraq, responsible for managing over 200 combat fire fighters.  During his years of service he was awarded a Meritorious Service Medal, Navy Commendations medals and Navy Achievement awards for his achievements in managing, planning and executing his duties.  Mike holds a Bachelor of Science degree in Applied Science and Technology, Fire Protection Sciences as well as numerous certifications related to Fire Sciences.

Jeff Schwartz, president of the Company’s subsidiary PTF Manufacturing Inc. will assume full responsibility of the Protect The Force branded products and business development of its tactical lines of gear.  Francisco Martinez, CTO will continue guiding the Innovations group and leading the tactical product development.

About ADS, Inc.
ADS Inc. is a leading value-added logistics and supply chain solutions provider that proudly serves all branches of the U.S. Military, federal, state and local government organizations, law enforcement agencies, first responders, partner nations and the defense industry. ADS is a Top 50 Department of Defense Contractor and Gold Tier supplier for the Defense Logistics Agency. The company is focused on solving customers’ challenges by providing the best product and service offerings, the broadest array of procurement and contract options, world-class support and legendary customer service. To learn more, please visit the ADS website at www.adsinc.com.

About Mission Ready
MRSI’s mission is 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:

  • Strategic consulting services and manufacturers representation
  • Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
  • Product research and development

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 contact:

Terry Nixon – Director, Corporate Communications
Telephone: 1.877.479.7778

Mission Ready Services Inc.

(signed “Rod Reum”)

Rod Reum,
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.