TSXV: MRS OTCQX: MSNVF
VANCOUVER, B.C. – January 17, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) is pleased to provide an update on its objective to enhance the Protect The Force brand and product line through a refined vision, clearly defined mission statement, industry-leading innovations, and a reputation for excellence in the field of personal protection. The PTF brand has become synonymous with cutting-edge performance, enduring quality and enhanced soldier protection, with the recent PTF brand improvements complementing the brand value, not replacing it.
PTF’s fresh look and comprehensive catalogue of products will be showcased this week at SHOT (Shooting, Hunting and Outdoor Trade) Show 2017 in Las Vegas, Nevada (booth #32106) to an estimated 60,000+ vetted professional attendees. The SHOT Show is restricted to members of the shooting, hunting and outdoor trade industry including commercial buyers and sellers of military, law enforcement and tactical products. During the SHOW, PTF will be featuring its Flex9Armor™, No Contact and its Force Defender and FAST (Future Armor Systems Technology) product lines consisting of premium advanced tactical plate carriers.
The Company – not new but better – is being led by our internal team of proven industry veterans in product innovations, personal protection, advanced textiles, sales and marketing. Protect The Force is launching its ambitious vision for 2017 with a single-minded purpose centered around the Company’s dictum, Protection is in our DNA™. The invaluable team members who are the driving force behind PTF’s recent successes include the visionary responsible for the development of multiple world class products including the Reebok Pump, an award-winning global pioneer of functional textiles and wearable technologies, a 35-year defense product manufacturing and marketing veteran, and a highly decorated retired United State Marine with an impressive history of success serving as a Fire and Emergency Services Officer for over 21 honorable years. Respectively, these individuals are:
Paul Litchfield – Chief Operating Officer
Former vice president of Reebok Advanced Concepts Group, with more than 30 years of experience in the athletic footwear industry, Mr. Litchfield has been responsible for numerous product innovations, one of the most noteworthy being the Reebok Pump. Paul received his B.S. degree in biochemistry from the University of New Hampshire and his M.S. degree in Exercise Science from the University of Massachusetts. He conducted post graduate research in human performance at the Institute of Offshore and Environmental Medicine in Aberdeen, Scotland.
Francisco Martinez – Chief Technical Officer
Francisco Martinez, a former leading Product Development Engineer and Project Officer at the United States Army Natick Soldier Research, Development & Engineering Center, has led the development of an unprecedented number of new, lifesaving products for the US Army and the Special Operation Forces in support of Operation Iraqi Freedom and Operation Enduring Freedom.
Jeff Schwartz – President, PTF Manufacturing
The most recent of many executive management and director-level positions held by Mr. Schwartz, he served as President of LC Industries, a $380MM manufacturing and distribution business he helped grow from $50MM during a 10 year tenure. Mr. Schwartz will work closely with the teams at PTF Innovations and PTF Sales to ensure a seamless integration of PTF Manufacturing into each division in order to provide a complete and simplified user experience for PTF clients and distributors.
Mike Morehouse, Business Development
Mike Morehouse retired from the Marine Corps after spending 21 honorable and faithful service years as a Fire and Emergency Services Officer. During this time, Mr. Morehouse was responsible for over 200 combat fire fighters as a fire chief while on active duty, managed a $2 million budget and $10 million in equipment, and was awarded A Meritorious Service Medal, 2 Navy Commendations medals and 3 Navy Achievement awards for his achievements in managing, planning and executing his duties.
About Protect The Force
PTF’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.
Protect The Force brings innovative products, manufacturing and entrepreneurial expertise together into one unified business with a focus on developing and sustaining strong relationships within the protective products industry. Developing, manufacturing and fielding premier protective innovations to government and industry clients, Protect The Force is led by a team with over a century of combined experience in management, production, operations, research and development, marketing and product sales. Protect The Force – Protection is in our DNA™
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:
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.
VANCOUVER, B.C. – January 16, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) announces that Protect The Force (“PTF”) has won the US Army Department of Defense Proof Challenge ‘Game Changer’ award for the integration of its proprietary No-Contact technology into BioChemical Warfighter Protection suits.
The Joint Program Executive Office for Chemical and Biological Defense (JPOE-CBD) of the Department of Defense Armed Forces invited the textile technology and innovation community to participate in the Proof: Department of Defense BioChemical Warfighter Protection Challenge for a chance to win cash prizes. In addition to the awarded prize money, winners will have their work seen by some of the top companies in the apparel industry, be showcased on the Proof Challenge Facebook page and will work with JPEO-CBD on the next steps of bringing their suit ideas to reality.
Protect The Force’s winning submission incorporates its proprietary No-Contact technology into a matrix of pulse electric conductive textiles and wearable components that can be modulated at different energy levels. PTF’s proposal is based on the concept of on-demand activation and deactivation of the No-Contact system, killing chemical and biological agents by means of modulated electricity discharges. “We are essentially introducing a wearable protective force field into the BioChemical Warfighter Protection industry”, states Francisco Martinez, Chief Technology Officer of Protect The Force.
The current chemical biological suit’s burden, weight and bulkiness restrict the Warfighter’s agility, range of motion and maneuverability necessary to conduct their duties. The incentivized prize competition sought innovative ideas for solutions that will increase Warfighter mobility, dexterity and tactility, allowing the Warfighter to complete all relevant tasks in a fast and comfortable manner, without cognitive/physiological fatigue associated with the ensemble.
Francisco Martinez further states, “Winning this award is a tremendous honor and an accomplishment that we are very proud of considering that all proposals were reviewed by the Department of Defense Subject Matter Experts (SME) – highly respected scientists and experts in the field of chemical and biological protection – and ours selected for the Game Changer technology award. We look forward to working with the Joint Program Executive Office for Chemical and Biological Defense.”
About Protect The Force
Protect The Force brings innovative products, manufacturing and entrepreneurial expertise together into one unified business with a focus on developing and sustaining strong relationships within the protective products industry. Developing, manufacturing and fielding premier protective innovations to government and industry clients, Protect The Force’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. Protect The Force – Protection is in our DNA™.
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:
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.
VANCOUVER, B.C. – January 11, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) announces that, further to the news release dated January 4, 2017 announcing a non-brokered private placement financing of up to 11,000,000 units (the “Units”) at $0.10 per Unit for gross proceeds of up to CDN $1,100,000 (the “Offering”), the Company has closed the first tranche of 4,660,000 Units raising gross proceeds of CDN $466,000.
Each Unit consists of one common share in the capital of the Company (a “Share”) and one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.15 per Warrant Share until December 21, 2018. The Units were sold, on a private placement basis, to persons who qualified as “accredited investors” or by other such exemptions available under applicable securities legislation in Canada and other jurisdictions determined by the Company. The securities offered are subject to resale restrictions of four months plus one day pursuant to the applicable securities laws.
The Company has paid cash commissions of $19,680 and issued 196,800 Broker Warrants to finders as compensation in relation to the closing of this tranche.
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:
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.
VANCOUVER, B.C. – January 4, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) announces that it has arranged a non-brokered private placement of up to 11,000,000 units (the “Units”) at $0.10 per Unit for gross proceeds of up to CDN $1,100,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one share purchase warrant (each whole warrant, a “Unit Warrant”). Each Unit Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Unit Warrant Share”) at a price of $0.15 per Unit Warrant Share until December 21, 2018.
The Unit Warrants are subject to a forced exercise provision whereby, if the volume weighted average price for the Company’s common shares is CDN $1.00 or greater for a period of not less than 10 consecutive trading days from a date beginning 4 months and one day following the date of issue, and the Company so elects, the holders of Unit Warrants will have 30 calendar days to exercise all or a portion of their Unit Warrants. Any Unit Warrants remaining unexercised after the expiration of the 30-day notice period will be cancelled and will thereafter be of no force or effect.
The proceeds from the Offering will be used for the advancement and growth of the Company’s current initiatives, including manufacturing equipment, materials and working capital.
The Offering is subject to applicable Canadian prospectus exemptions being available along with a number of conditions, including, but not limited to, receipt of all necessary corporate approvals and TSX Venture Exchange approval. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Wild Things, LLC Acquisition
Further to the News Release dated September 1, 2016 announcing the signing of a Letter of Intent to acquire Wild Things, LLC, Mission Ready reports that the expected close date of Q4 2016 has been delayed to allow the completion of certain conditions precedent in the Asset Purchase Agreement (“APA”) with Wild Things LLC, including the execution of definitive agreements for the sale of selective brand name rights for certain East Asian countries to a strategic Japanese trading company. All third party negotiations and conditions of the APA are expected to be finalized within the next 30 days.
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:
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.
