Mission Ready Reports Q1-2023 Financial Results

Company also Provides an Update on F&ESE TLS Solicitation

VANCOUVER, BRITISH COLUMBIA, CANADA – JUNE 5, 2023 – Mission Ready Solutions Inc (“Mission Ready” or the “Company”) (TSX-V: MRS) (OTCQB: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, recently released its condensed consolidated interim financial statements for the three months ended March 31, 2023 (“Q1 2023”).

The following are highlights for Q1 2023 (all dollar figures are quoted in Canadian currency unless otherwise specified):

  • Gross Revenues: $0.98MM
  • Gross Margin: 67% 1
  • Net Income (loss): (0.82MM)
  • Decrease in Operating Expenses: 27% 2

(1) The improved margin (relative to recent periods) reflects generally higher margins on products manufactured in-house without the influence of lower-margined government contracts.

(2) As compared to previous year.

A copy of the condensed consolidated interim financial statements for the three months ended March 31, 2023, and the associated Management’s Discussion and Analysis (“MD&A”) are available on SEDAR.com under the Company’s profile.

The Company also provides additional insight into the Fire & Emergency Services Equipment (F&ESE) Tailored Logistics Support (TLS) program. The F&ESE TLS Program includes the total logistics support for the fire & emergency services requirements of the Defense and Logistics Agency (DLA) customers, including military installations and federal activities worldwide.

“The F&ESE TLS Program is ingrained in Unifire’s DNA and has paved the way for our success in the government contracting space,” said Dan Raczykowski, Director of Mission Ready and President of Unifire, Inc. “In light of our significant efforts to enhance our financial position, it was a natural progression for us to seize this solicitation and return to our roots. This opportunity not only aligns with our expertise and deep understanding of the market but also holds great potential for optimized revenue generation.”

The Company responded to the solicitation SPE8EH-21-R-0001 issued on March 22, 2022. The Company recently received and subsequently accepted an extension request of the Company’s offer until the end of September 2023.

About the F&ESE TLS Program

The F&ESE TLS Program is a multiple-award program with post-award competition of delivery orders, primarily focused on maintaining continuity of support for fire and emergency support personnel worldwide. Products and solutions typically sought through the program include fire & emergency services equipment as well as related supplies and incidental services, including but not limited to: hoses, hose fittings, nozzles, tools, fire extinguishers, extinguishing agents, poles, ladders, rescue devices, self-contained breathing apparatus (SCBA) and other respiratory protection, shovels, regulators, uniforms, station and training wear and equipment, structural, shipboard, and forestry turn out gear and other protective products (e.g. gloves, boots, helmets, hoods, goggles, and protective clothing used for environmental, industrial, HAZMAT, weapons of mass destruction, terrorism, and first response personal protection), first response search and rescue equipment and supplies, decontamination equipment, detection equipment, communication equipment and tools, suppression equipment, surveillance and alarm systems and system parts, propane and other fire and first responder training systems and other first responder equipment, emergency station vehicle exhaust and ventilation systems, breathing air compressors, emergency egress, exit and protective systems, pumps, generators, storage, containment, and racking systems.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com. You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Announces the Resignation of Terrace L. Nixon as a Director and Officer

VANCOUVER, BRITISH COLUMBIA, CANADA – May 16, 2023 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQB: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, announces that Terrace L. Nixon has resigned as the Chief Compliance Officer and a member of the board of directors of the Company, effective immediately. Mr. Nixon leaves Mission Ready’s Management and Board of Directors positions to focus on personal endeavors and increasing professional commitments. Buck Marshall, President and CEO, will assume Mr. Nixon’s position on the audit committee.

Mission Ready would like to extend its sincere gratitude to Mr. Nixon for his valuable contributions and unwavering commitment during his tenure. We are confident that the strong corporate culture he helped instill within our organization will continue to guide us as we navigate future challenges and opportunities.

“Terry has played an instrumental role in the Company’s development, serving in several executive-level, board and committee positions since the Company’s inception in 2009,” said Spider Marks, Chairman of the board of directors of Mission Ready. “During this time, he has made innumerable contributions to the success and growth of the Company, drawing on a wealth of experience acquired throughout a lengthy and successful professional career. On behalf of the Board of Directors, Company management, and our shareholders, I wish to thank Terry for his support.”

“Terry Nixon states, “It has been a genuine pleasure working alongside the extraordinary team of consummate professionals that I will forever consider my Mission Ready family. I am exceedingly proud of what we’ve accomplished together during my 14-year tenure with the Company, and I have every confidence in the ability of this group to lead the Company well, dream big and continue to reach new heights on the road to success.”

Buck Marshall, President and CEO of Mission Ready, states, “As Mission Ready advances its mandate to deliver innovative, mission-critical solutions to protect those who protect us, we remain steadfast in our dedication to the highest level of compliance, corporate governance and operational integrity. Building from this foundation, we continue to position the Company for long-term success and the creation of sustainable shareholder value. In addition to the strong impetus we’ve enacted for capturing recurring revenue streams, we are also actively working to identify and engage certain highly-talented industry professionals with experience necessary to help the Company expand its access to existing opportunities, and provide valuable insights into future requirements through trend and predictive analysis.”

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

Mission Ready Awarded 5-Year Extension of its Multiple Award Schedule (MAS)

MAS Sales Orders Up 227% Year-to-Date

VANCOUVER, BRITISH COLUMBIA, CANADA – May 9, 2023 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQB: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, today announces that the Company’s Multiple Award Schedule (“MAS“) has been renewed for a 5-year period by the General Services Administration (“GSA”).

“Over the last year, the Company has optimized its processes and bolstered its offering to capture additional opportunities within the full spectrum of U.S. Government while highlighting the multiple government vehicles Mission Ready’s contracting division, Unifire, Inc. (“Unifire”), has in place to provide government agencies with needed products,” said Dan Raczykowski, President of Unifire. “By emphasizing the readily available procurement pathways, we’ve been able to leverage our MAS and maximize its revenue-generating potential.”

As a result of this optimization, the Company is pleased to share the following highlights associated with its MAS:

  • The number of sales orders year to date is up 227% compared to the same period in 2022, representing an increased overall value of 57% to date.
  • The average number of sales per month has increased 41% year to date.

“We are committed to showcasing our network’s unique products and putting them at the forefront of our value proposition by ensuring their accessibility through our established contracting vehicles,” said Buck Marshall, President and CEO of Mission Ready. “Our ongoing efforts to identify emerging needs and source corresponding solutions coupled with the optimization the team at Unifire has precisely executed is now effectively positioning us to meet and potentially exceed our objectives for MAS for this year.”

About GSA

The U.S. General Services Administration (GSA) aims a delivering the government the products and solutions they need. Multiple Award Schedules (MAS) are long-term government contracts.

With the power of MAS, you have millions of products and services at your fingertips which have been approved for purchase by federal, state, and municipal agencies utilizing federal dollars. Through its privileged access to GSA and MAS, Unifire leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading distribution capabilities to efficiently source and deliver mission-critical products and solutions. Unifire holds the MAS GS-07F-268AA.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience delivering quality, mission-critical products, and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS”) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com. You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Reports 2022 Financial Results

CEO Provides Insight into Gowns and BCS Solicitations

VANCOUVER, BRITISH COLUMBIA, CANADA – MAY 2, 2023 – Mission Ready Solutions Inc (“Mission Ready” or the “Company”) (TSX-V: MRS) (OTCQB: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, recently released its 2022 audited consolidated financial statements for the year ended December 31, 2022 (“FY 2022”).

The following are highlights for FY 2022 (all dollar figures are quoted in Canadian currency unless otherwise specified):

  • Gross Revenues: $5.52MM
  • Gross Margin: 17%
  • Net Income (loss): (22.5MM) 1
  • Decrease in Operating Expenses: 29% 2
  • Decrease in Total Liabilities: 42% 2

(1) Primarily consists of impairment loss on Unifire goodwill recognized in Q4 2022.
(2) As compared to previous year.

A copy of the audited consolidated financial statements for the year ended December 31, 2022, and the associated Management’s Discussion and Analysis (“MD&A”) are available on SEDAR.com under the Company’s profile.

The Company previously recognized goodwill and intangible assets related to the Unifire, Inc. (“Unifire”) acquisition. The Company reviews goodwill and intangible assets annually and records any necessary impairments. The timing of contracts has resulted in significant year-over-year fluctuations in Unifire’s revenues, making it difficult to project future revenues reliably. As a result, the Company recognized a non-cash impairment on goodwill and intangible assets totaling $17,809,224. This impairment does not affect the Company’s cash position, cash flow from operating activities, or future operations.

“Management’s decision to recognize a write-down (impairment) on the goodwill (and other intangible assets) associated with the Unifire acquisition during the fourth quarter of 2022 was made to mitigate the potential impairment of income during future reporting periods,” said Buck Marshall, President and CEO of Mission Ready. “Given the many open solicitations and sales opportunities before the Company – many of which are significantly past the original award dates – we are hopeful that these delayed opportunities will begin to come to fruition in the very near term. It is our belief that the strategic decisions we make now will have a great and lasting impact on the Company’s success down the road.”

The Company also provides further insight into the recent Ballistic Combat Shirt (BCS) solicitation. The Company had previously received a request to maintain pricing through April from the US Army Contracting Command-Aberdeen Proving Ground. The Company subsequently received another amendment signed by Company officials on April 18, 2023, effectively moving the solicitation’s expected response to October 2023.

“The latest amendment to the solicitation reaffirms the ongoing requirement and aligns with the US. Government’s new fiscal year that could see appropriations for the ballistic combat shirt,” said Francisco Martinez, Chief Technology Officer. “Soldier’s protection remains at the forefront of the US Army priorities for troop enhancements, ensuring that they augment soldier’s mobility while optimizing protection.”

The Company also provides additional insight following its attendance at the Make PPE in America Industry Day. The event, hosted by the Department of Health and Human Services (HHS), also included senior members from the Defense and Logistics Agency (DLA), the Department of Homeland Security (DHS), and the Department of Veterans Affairs (VA). During the event, the agencies provided additional visibility into their current procurement structure, past performance, and goals. Notably:

  • VA and DLA currently have active inventories and share a similar structure in procurement, using Prime Vendor programs, Distribution and Pricing Agreements, and Blanket Purchase Agreements to ensure long-term procurement and readiness.
  • VA and the Secretary of Defense are working on readiness and resilience, ensuring they can respond to the 4th mission, acting as a backstop for the US healthcare system in the case of catastrophic events.
  • All agencies are unanimously committed not to holding expired PPE.
  • The lack of adequate supply of domestically produced PPE was an enormous challenge for the US during the COVID-19 pandemic, and they are committed to never face that challenge again.
  • Jointly, their goal is to continue fostering industry growth, favoring 2+ years contract domestically sourced, reinforcing compliance of PPE products, and ensuring that the industry is promoted, namely through innovation, helping its products stand out internationally.

Buck Marshall added, “The need for Made in America PPE and the desire to support an industry that jointly stepped up to the challenge when the government called for help is at the forefront of the discussions, and we look forward to continuing to provide US-made solutions to respond to the demand.”

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS”) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com. You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Announces the Resignation of William J. Bratton as a Director

VANCOUVER, BRITISH COLUMBIA, CANADA – April 14, 2023 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, announces that William J. Bratton has resigned as a member of the board of directors (the “Board”) of the Company, effective immediately.  The Company thanks Mr. Bratton for his contributions as a member of the Board and wishes him well in his future endeavors.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

 

 

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

MISSION READY NEWSLETTER | MARCH 2023 | SHAREHOLDER UPDATE AND SNAPSHOT OF COMPANY’S RECENT ACTIVITIES

Fellow Shareholders,

It’s no secret that this past year has been challenging on the sales front for Mission Ready, punctuated by delays and a curious lack of meaningful contract awards that could otherwise have been reasonably anticipated. As frustrating as this unforeseen period of contracting inactivity continues to be for Company personnel and stakeholders alike, it is essential to note that it is common to our industry and not by any means a phenomenon unique to Mission Ready. Thankfully, over the past few years, we’ve put significant resources into building a solid foundation, an effort that has proven invaluable during tumultuous times, allowing us to weather the storm and emerge stronger, bolder, and more prepared than ever before. In this newsletter, I’d like to take a few moments to reinforce our messaging and provide you with a snapshot of the Company’s recent activities and ongoing efforts.

First, I would like to provide additional insight into our contracting pipeline. The common denominator for the Company’s outstanding solicitations remains a continued and sustained need for the government to procure and/or replenish the items and solutions it continues to seek through solicitations. As a result, we continue to await awards for some of the contracts discussed over the past year, including, among others, the BCS and Isolation gowns. I can share with you that the Company has received requests to hold its pricing through March/April of 2023 on both the BCS and Isolation Gowns, as we have for some of our other outstanding proposals. This recent notification from the United States Government reinforces one of our core beliefs; that our relevance remains unmitigated, and the need for the products and solutions our Company can supply simply doesn’t disappear. Consequently, our confidence in our ability to capture these solicitations remains unwavering.

With our extensive industry experience and a deep understanding of the requirements of each governmental agency and department, our team capitalizes on its combined expertise, resources, and relationships to develop and present high-quality proposals that accurately demonstrate our capabilities and values. As we await additional communications on previously submitted solicitation responses, we continue to proactively identify new solicitation opportunities while bolstering our product offerings in respect of our current contracts. We are steadfast in our approach and ability to respond competitively to solicitations and bid accurately.

The continued delays in the solicitation process have reinforced our initial strategy to seek additional revenue streams. We have been working diligently over the last year to expand our revenue streams and create recurring revenues. Our focus has been developing relationships that will allow us to reduce our reliance on US Government contracting and foster future growth, which in turn will help promote additional innovation and potential acquisitions. We have made significant progress in this area, and with several opportunities currently at various stages, we are optimistic about the potential for new business opportunities in these sectors. Shareholders have seen a glimpse of some of these initiatives, namely Task Force Antal, Blueforce, GORUCK, and other valuable partnerships. We are confident that we will be able to further discuss the impact of these catalysts soon.

With the Russia-Ukraine war having been actively fought for more than a year, our work with Task Force Antal and Support Hospitals in Ukraine remains instrumental in supporting our allies. We are exceedingly honored to have recently been presented with the “Unbreakable Heroes of the Russia-Ukraine War” award in recognition of these efforts. With this commendation, Mission Ready continues actively showcasing its capabilities while reinforcing its position with Ukraine’s Ministry of Defense (“MOD”), Ministry of Health (“MOH”), and allied countries as a valuable partner and provider of needed products and solutions.

Our work with Blueforce Development has also provided opportunities to showcase our Command and Control Solution to Foreign Military partners as well as Federal, State, and Local Law Enforcement agencies. As you understand, given the nature of our business and with non-disclosure agreements in place, we must be mindful of the details we share about these engagements.

GORUCK, one of the Company’s flagship vendors, has also provided additional opportunities on both the retail front and at the “agency” level. We are working with a Nationally recognized retailer with over 105 brick-and-mortar stores and access to approximately 70% of the Law Enforcement market. This provides several opportunities not only to offer incredible footwear and functional fitness equipment but also to discuss other readily available solutions that our Company can supply in the body armor, uniform, equipment, and training spaces.

We take pride in our dedication to excellence and our commitment to identifying and providing top-of-the-line gear to our customers. To further highlight our partnership with GORUCK and the undeniable quality of their products, and as a token of our appreciation for your continued support, we would like to offer a 10% discount on any purchase from GORUCK by using the code: UNIFIRE10 at GORUCK.com. We hope you will take advantage of this offer and the opportunity to explore GORUCK’s product offering and learn how they stand out in the market.

These are just a few examples of our commitment to putting ourselves at the forefront and showcasing our capabilities within our industry. Our attendance at key industry events has also been instrumental in advancing these opportunities. We successfully leveraged our presence to nurture current relationships, build new connections, and identify products and solutions to meet emerging needs. Our team also had the chance to present some of our solutions to industry members, and we continue actively pursuing these opportunities as we speak.

I’m also pleased to report that our innovation division, PTFI, continues diligently working on the ULEDU and HARPY projects, effectively meeting established milestones. PTFI is committed to using these awards to push the boundaries of current personal protective equipment to create truly pioneering products that will help ensure end-user safety while allowing them to complete their unique missions. By effectively meeting all the milestones outlined in the awards, our innovation division continues positioning the Company for success while demonstrating our commitment to protecting those who protect us.

Lastly, I wanted to touch on the recent private placement offering (the “Offering”) which was finalized in January of 2023. The purpose of the Offering was to fund operations and extend the Company’s runway in advance of anticipated contract awards and the associated purchase orders. Notably, the significant insider participation in the Offering is a testament to our team’s continued commitment to the Company’s long-term success and our unwavering confidence in our ability to execute the current strategic plan, reinforcing our motto of “One Company, One Team, One Direction.”

Shareholders will be able to get more visibility with the upcoming filing of our financials for the period ended December 31, 2022 (Q4-22/FY-22) – due to be filed by May 1, 2023, and for which the audit process is underway. Our Q1-23 financials will follow shortly after, due to be filed by May 30, 2023.

I look forward to updating you on our progress as we execute our 2023 strategic objectives.

Buck Marshall
(Signed “Buck L. Marshall”)
President & CEO

For further information on Mission Ready Solutions Inc., visit MRSCorp.com or contact:

Investor Relations
T: 1.877.479.7778 – Ext 5
E: MRS-IR@MRSCorp.com

Forward-Looking Information

This newsletter 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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Announces Closing of Final Tranche of Non-Brokered Private Placement Offering

VANCOUVER, BRITISH COLUMBIA, CANADA – January 18, 2023 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, announces that, further to its news release dated December 19, 2022, and subject to the final approval of the TSX Venture Exchange (the “Exchange“), it has closed its non-brokered private placement (the “Private Placement“), first announced November 13, 2022, issuing an aggregate of 12,531,000 units (each a “Unit“) at a price of $0.08 per Unit, raising gross proceeds of $1,002,480; $876,630 and $125,850 in tranches 1 and 2, respectively.

Each Unit consists of one common share (a “Share“) of the Company and one transferable common share purchase warrant (a “Warrant“). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.15 per Share for a period of three (3) years from the date of closing of the Private Placement (the “Expiry Date“).

The net proceeds of the Private Placement will be used for ongoing activities and general corporate purposes.

Buck L. Marshall, the President, CEO and a director of the Company, purchased 1,532,625 Units in the Private Placement. As a result, the Private Placement is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“)). The Company is relying on section 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Private Placement will exceed 25 percent of the Company’s market capitalization (calculated in accordance with MI 61-101).

The Company paid finder’s fee of $4,636.80 cash and 57,690 finder’s warrants (the “Finder’s Warrants“) to Haywood Securities Inc. in connection with the closing of the final tranche of the Private Placement. The Finder’s Warrants are non-transferable and exercisable at $0.15 per Share until the Expiry Date.

All securities issued in the Private Placement are subject to the Exchange hold period plus a hold period of four months and one day expiring on May 18, 2023.

 

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Mission Ready Announces First Tranche Closing of Non-Brokered Private Placement Offering and Extension

VANCOUVER, BRITISH COLUMBIA, CANADA – December 19, 2022 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, announces that, it has closed the first tranche of its non-brokered private placement (the “Private Placement“), issuing an aggregate of 10,957,875 units (each a “Unit“) at a price of $0.08 per Unit, raising gross proceeds of $876,630. 

Each Unit consists of one common share (a “Share“) of the Company and one transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.15 per Share for a period of three (3) years from the date of closing of the Private Placement.

The net proceeds of the Private Placement will be used for ongoing activities and general corporate purposes.

Buck L. Marshall, the President, CEO and a director of the Company, purchased 1,250,000 Units; Terrace L. Nixon, the Chief Compliance Officer and a director of the Company, purchased 1,600,000 Units; James Marks, Chairman of the Company, purchased 751,035 Units; Dong H. Shim, the CFO of the Company, purchased 300,000 Units through his company, Golden Tree Capital Corp.; Paul Litchfield, a director of the Company, purchased 460,000 Units; and Daniel Raczykowski, a director of the Company, purchased 456,840 Units in the Private Placement.

As a result, the Private Placement is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“)). The Company is relying on section 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Private Placement will exceed 25 percent of the Company’s market capitalization (calculated in accordance with MI 61-101).

 

No finder’s fees were paid in connection with the closing of the first tranche of the Private Placement. All securities issued in the Private Placement are subject to the TSX Venture Exchange (the “Exchange“) hold period plus a hold period of four months and one day expiring on April 17, 2023.

The Company also announces that it has obtained a 30-day extension from the Exchange to close the final tranche of the Private Placement. The final closing of the Private Placement is expected to occur in January 2023 and remains subject to the approval of the Exchange.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

US DLA Exercises First One-Year Option Period for COTS Contract

  • Contract Description: Indefinite delivery, indefinite quantity (“IDIQ“) contract to facilitate the delivery of products through the Company’s vendor network in support of the United States Defense Logistics Agency (“DLA“) Troop Support Clothing & Textiles (“C&T“) supply chain
  • Contract Value: Up to USD $200,000,000 (the “Ceiling“)
  • Product Description: Commercial off-the-shelf (“COTS“) Shelter Systems
  • Performance Period: 1-year base ordering period (Dec. 3/22 through Dec. 2/23) with two 1-year option periods remaining (the “Term“)

VANCOUVER, BRITISH COLUMBIA, CANADA – DECEMBER 7, 2022 – Mission Ready Solutions Inc (Mission Ready or the Company) (TSX-V: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, is pleased to announce that, through its wholly-owned subsidiary, Unifire, Inc. (“Unifire“), the Company has received a one-year extension of its contract for COTS – Shelter Systems (SPE1C1-22-D-1506) (the “COTS Contract“) in support of the DLA C&T supply chain, with a Ceiling of USD $200,000,000 (CAD $268,000,000 using a USD-CAD exchange rate of 1.34) over the Term of the Contract. The extension follows the initial contract award first announced by the Company in a news release dated December 3, 2021.

“This extension immediately succeeds a modest order the Company received in November and is currently working to fulfill, and we are excited for this opportunity to further elevate our stature on this contract,” said Buck Marshall, President and CEO of Mission Ready. “The DLA’s exercise of the first one-year period reinforces the government’s sustained need for Unifire’s unique solutions. In recent months, we have worked to maximize the potential value of the COTS Contract by bolstering our relationship with key suppliers in order to offer additional or alternative products across the COTS Contract.”

Marshall added, ” As we approach the end of 2022, we are seeing some movement in the opportunities pipeline. With our continued efforts to position the Company for growth, and our established track record providing governments with cutting-edge products and solutions, we are confident that these near-term catalysts will effectively translate into increased revenues and profits.”

DLA COTS – Shelter Systems Program (the “Program”)

The COTS – Shelter Systems program is a multiple-award, prime vendor contract, structured to accommodate the addition of products through the life of the contract. The Program’s supply chain, at present, offers military tents, parts, and support equipment.

COTS Contract Terms

The IDIQ contract – with an initial 1-year base ordering period and three 1-year option periods – calls for the supply of COTS – Shelter Systems in support of the United States DLA Troop Support Clothing & Textiles supply chain, and specifies a maximum dollar value of USD $200,000,000.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com. You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

 

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

 

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

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Announces New Canadian Distribution Agreement with Massif

VANCOUVER, BRITISH COLUMBIA, CANADA – November 21, 2022 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, is pleased to announce that it will begin to distribute Massif’s products as an International Dealer for Canada.

Massif, a world leader in flame-resistant high-end tactical apparel, has been a strategic partner of Mission Ready’s wholly-owned subsidiary Unifire, Inc. for the US market, providing top-performing products to the US Government and having recently been added to Unifire’s Cold Weather BPA.

“Massif’s products are highly sought after through our Multiple Award Schedules and, with their uncompromising quality, it was a natural fit to offer their line of products to our Canadian network,” said Buck Marshall, President and CEO of Mission Ready. “We’ve seen an increased number of opportunities, notably in Canada, and through foreign military sales, where decision-makers and key industry stakeholders have expressed a keen interest in accessing our expertise and vast offering of quality, reliable, mission-critical products and services.”

“We are thrilled for this continued opportunity to work with Mission Ready’s team and have them boost their presence among our worldwide network of distributors,” said Sarah Rehfeldt, Director of Sales Operations for Massif. “Mission Ready’s enhanced distribution will allow them to translate their experience in providing our products to government agencies while effectively complementing Massif’s expansion strategy.”

For any inquiries on Mission Ready’s Massif products available in Canada or to place an order, Mission Ready’s sales team will be happy to assist you:

sales@MRSCorp.com
T: +1 877.479.7778 (Ext. 1)

 

About Massif

Massif is a leading manufacturer of innovative, high-performance fabrics and garments for the military and tactical markets. Massif’s passion is to design and create advanced technical apparel that protects the armed forces and those working in the world’s most challenging environments.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
MRS-IR@MRSCorp.com
T: +1 877.479.7778 (Ext.5)

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

Forward-Looking Information

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 Solutions 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 Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.