Social Media Post

Mission Ready Awarded US DLA Contract Valued at up to $200 Million

  • 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: Initial 1-year base ordering period (Dec. 2/21 through Dec. 1/22) and three 1-year option periods (the “Term“)

VANCOUVER, BRITISH COLUMBIA, CANADA – DECEMBER 3, 2021 – Mission Ready Solutions Inc (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, is pleased to announce that, through its wholly-owned subsidiary, Unifire, Inc. (“Unifire“), the Company has been awarded a 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 $256,000,000 using a USD-CAD exchange rate of 1.28) over the Term of the Contract.

“We proudly welcome this contract award and the opportunity to provide additional support to the DLA in their efforts to source quality items,” said Skip Church, President of Unifire. “This contract reinforces Unifire’s ability to respond to the demand and to bid accordingly while highlighting our robust network of product manufacturers and vendor partners.”

“The team at Unifire has put a tremendous amount of time and energy into this solicitation, having been in active discussions since May 2020, and we are extremely pleased to see their efforts coming to fruition,” said Buck Marshall, President and CEO of Mission Ready. “As we continue to advance, we are confident that our vision and ambitious strategy will successfully position the Company for growth and allow us to further build shareholder value that will reflect in the coming quarters.”

 

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

 The COTS – Shelter Systems program is a multiple-award, prime vendor contract, that is 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.

 

The COTS Contract follows the Company’s May 2, 2020 response to Solicitation number: SPE1C1-18-R-0003.

 

IDIQ Contracts

In U.S. Federal government contracting, an IDIQ is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. IDIQ’s are also sometimes called “Task Orders” or “Delivery Order Contracts.”

 

Gross Margins, Anticipated Revenue and Accounting Treatment

Pursuant to U.S. Generally Accepted Accounting Principles (GAAP), revenues generated through the COTS Contract, as applicable, will not be finalized until the transaction relative to each purchase order has been completed. Consequently, revenues may be reported on a gross or net basis and some portion(s) may be deferred to future accounting periods. The gross margin on revenues generated pursuant to the COTS Contract is not expected to differ materially from the Company’s historical gross margins relative to its government contracting operations.

 

Due to the nature of IDIQ contracts generally, the Company is unable to estimate with any degree of certainty, the frequency, volume or value of purchase orders (also referred to as delivery orders) it may or may not receive in relation to the COTS Contract during the initial 1-year term or any extension thereof.

 

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 or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5). 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

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.

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Mission Ready Provides AGM Results and Outlines Upcoming Catalysts in Live Event

VANCOUVER, BRITISH COLUMBIA, CANADA – DECEMBER 2, 2021 – Mission Ready Solutions Inc (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, is pleased to report that shareholders approved all resolutions brought before them at the Company’s 2021 Annual General Shareholders’ Meeting (the “Meeting” or “AGM”) held by telephone conference on December 1, 2021. The Meeting was called for the following purposes:

  1. To receive the audited financial statements of the Company for the financial year ended December 31, 2020, the auditor’s report thereon and the management’s discussion and analysis for the financial year ended December 31, 2020;
  2. To fix the number of directors for the ensuing year at six (6);
  3. To elect directors of the Company for the ensuing year;
  4. To appoint Fruci & Associates II, PLLC, as auditor of the Company for the ensuing year and to authorize the board of directors to fix the auditor’s remuneration; and
  5. To transact such other business as may properly come before the Meeting or at any adjournment thereof.

Further details on the foregoing resolutions are set out in the Meeting Information Circular dated October 22, 2021, and mailed to the Company’s shareholders of record on November 5, 2021.

“I would like to extend my sincere appreciation to our loyal shareholders for their continued support,” said Terry Nixon, Chief Compliance Officer and a Director of Mission Ready. “This support has been the cornerstone – a truly vital component – of the sweeping and tenable corporate revitalization brought about by our outstanding team within the past 14 months. Q3 2020 marked the beginning of a palpable paradigm shift within the Company, evidenced by vast improvements in a multitude of areas, including the Company’s financial position, corporate image, employee morale, government and industry relations, agility and scalability, to name a few.”

Following the Meeting, Buck Marshall, President and CEO of Mission Ready, provided a corporate update and answered shareholders’ questions through a live event. A recording of the live event and an updated corporate presentation are available on the Company’s website at MRSCorp.com.

“We have purposefully positioned the Company for growth by leveraging our existing contract vehicles and working diligently to acquire additional contract vehicles (and awards thereon) while building layered revenue streams. We expect to have our E-Commerce platform fully operational with over 20,000 new items by the end of this year,” highlighted Marshall. “This new platform will allow us to showcase our in-house products along with vendors’ products in a unique, virtual location that will now be accessible to retail consumers.”

Marshall continued, “We recently submitted a proposal in relation to the Veterans Affairs (VA) GSA Schedule, which would complement and represent a welcome addition to our portfolio of existing Schedules.”

For more information on the United States General Services Administration (“GSA”) and the GSA Schedule, visit https://www.gsa.gov/buying-selling/purchasing-programs/gsa-schedule.

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 or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5). 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

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 Highlights Q3 Financial Results

AGM and Live Event with Q&A to be held on December 1, 2021

VANCOUVER, BRITISH COLUMBIA, CANADA – NOVEMBER 30, 2021 – Mission Ready Solutions Inc (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, recently released its third quarter 2021 (“Q3 2021“) financial results for the three and nine months ended September 30, 2021.

The following are highlights of the nine months ended September 30, 2021 (all dollar figures are quoted in Canadian dollars unless otherwise noted)

  • Gross revenues of $84.74 million (an increase of $22.30 million from the same period in 2020)
  • Gross margin of 8.91% for the period
  • Operating expenses relative to total revenue decreased to 8% (as compared to 14% from the same period in 2020)
  • Net income of $1.54 million (an increase of $4.03 million from a net loss in the same period in 2020)
  • Adjusted EBITDA was $5.27 million (an increase of $4.39 million from the same period in 2020)
  • $7.23 million working capital improvement from year-end
  • Cash and cash equivalents of $4.35 million (an increase of $2.72 million from year-end)
  • 39% decrease in liabilities from year-end

A copy of the unaudited condensed consolidated interim financial statements for the nine months ended September 30, 2021, and the associated Management’s Discussion and Analysis (“MD&A”) are available on SEDAR.com under the Company’s profile.

As a reminder, Mission Ready’s annual general meeting of shareholders (the “AGM” or the “Meeting“) will be held virtually via teleconference on Wednesday, December 1, 2021, at 11:00 A.M. PST (2:00 P.M. EST).

Registered shareholders and validly appointed proxyholders may attend the Meeting (conference room #: 448-444-850) by calling:

  • 1 888.299.2873 (Canada toll-free)
  • 1 888.585.9008 (US toll-free)
  • To dial in from any other country, please contact the Company at 604.737.2303 before the Meeting date for dial-in particulars.

Registered shareholders who attend the virtual Meeting will have an equal opportunity to participate at the AGM, regardless of their geographic location.

The AGM will be followed at 11:30 A.M PST (2:30 P.M. EST) by a presentation from President and CEO Buck Marshall, including a live Q&A period where management from Mission Ready will be available to answer questions. Questions can also be submitted prior to the event at MRS-IR@MRSCorp.com.

To register for the event, please visit:

https://us06web.zoom.us/webinar/register/4616372651285/WN_o2cbBU_FRy-OiHgs-FvJUQ

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 (“GSA”), 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 or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5). 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

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 | November 2021 Infrastructure Package and Order of Operations

Fellow Shareholders,

Late Friday evening, U.S. Congress passed a bill containing an infrastructure package with $1.2 trillion to be injected into America’s infrastructure.

But how does this affect your Company? The bipartisan infrastructure package includes, notably, a version of the “Make PPE in America Act” co-sponsored by Senator Rob Portman (R-OH) and Senator Gary Peters (D-MI), to help rebuild a domestic supply chain for PPE production and reshore an industrial base of US PPE manufacturers by guaranteeing long-term federal contracts and expanding Berry Amendment requirements for agencies including the Department of Homeland Security (DHS), Health and Human Services (HHS) and Veterans Affairs (V.A.).

The successful passage of the infrastructure package, scheduled to be signed into law in the coming days, also represents a critical step in our nation’s plan to replenish the Strategic National Stockpile by incentivizing our industrial base to create a robust domestic supply chain, fostering long-term investments to expand existing capabilities and maximize capacities knowing that the government will support those investments in its efforts to reinforce the importance of U.S. Made PPE.

The Company is also confident that through more than $500 billion of new investments in infrastructures, including roads, bridges, water, and energy systems, our demonstrated ability to source and deliver products needed when needed, and our host of government contracting vehicles, including our GSA Schedules with critical schedules such 51V: Hardware Store, Home Improvement Center, or Maintenance, Repairs and Operations (MRO), will enable the Company to position itself favorably as a core provider of products and solutions to support the government and its blueprint to rebuilding America.

Friday also marked the announcement of another important step in the Company’s financial progress, through the negotiation of a debt settlement for liabilities previously accrued pending the outcome of this claim and included as part of the Company’s balance sheet. The team successfully negotiated terms that will allow Unifire to repay the principal amount while minimizing the impact on our cash flow and liquidity and, importantly, retain our ability to invest in the future growth of our operations. In simple terms, amortizing the outstanding principal over 60 months with a maturity of 24 months results in a reasonable monthly payment while allowing us to continue improving our working capital and liquidity ratios. We have structured the arrangement to effectively align the collective interests of the Creditors, the Company and our shareholders by ensuring that the financial prosperity of the Company is accretive to all parties in that the Creditor receives payment as agreed during the term, and the Company and its shareholders receive the economic benefit of moving a portion of short-term payables to long-term, while mitigating the need to issue Company shares in connection with the arrangement.

Though it is not our intention or expectation that any portion of the debt settlement amount be paid in shares of the Company, the equity-based security component serves to provide economic value to both the Creditor and Company by introducing a predetermined and mutually agreeable remedial arrangement in the event of a payment default by the Company.

This last year saw us make great strides in building a financially viable and cash flow positive company, making forward progress by significantly reducing liabilities, building solid relationships with our vendors and partners, and allowing us to secure favorable terms, achievements that result in a foundational fortitude to weather storms and help positively position us for what is coming.

While our primary focus remains Government contracts domestically, we have expanded our ability to generate revenues through non-government agencies, mainly commercial customers and we are actively working on bringing the core products we manufacture in-house, as well as the numerous items through our vendor network, to the retail market. This is another step in our vision to build the foundation on principals of business, diversified revenue streams, and a culture that moves Mission Ready forward. I referenced order of operations when sharing the vision for the Company during my first few months, and each step we take in the correct order will build shareholder value, but it takes time. I am grateful for those who have been with the Company for the long haul, and I am excited as we continue to forge new relationships with both retail and institutional investors.

Sincerely,

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director

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 Stock Option Grant

VANCOUVER, BRITISH COLUMBIA, CANADAOCTOBER 20, 2021 – Mission Ready Solutions Inc (“Mission Ready“) (TSX Venture: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), for a total of 4,800,000 common shares of the Company, to certain directors, officers, employees and consultants of the Company. The Options, subject to the terms of the Plan and the corresponding option agreements, are exercisable at a price of CAD $0.25 per share for a period of up to 5 years.

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions 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 (“GSA”).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”), is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million military, fire and first-responder products. With extensive knowledge and experience in providing turnkey solutions to the United States Federal Government, Unifire utilizes its time-proven industry relationships and proprietary technology infrastructure to efficiently source and deliver critical, life-saving products in cooperation with government program managers, military and federal contracting offices, base supply centers, and other federal, state and local supply agencies.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5).

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall

President, CEO and Director

T: +1 877.479.7778

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 Newsletter | October 2021 Corporate Overview and Discussion on Growth Opportunities

Fellow Shareholders,

October marks the beginning of the new fiscal year for the US Government. And with this new year come many questions surrounding the budget and an opportunity to provide a corporate overview and discuss growth and strategy.

Mission Ready’s goal is to provide turnkey solutions to the United States Government in response to the challenges they face. Accordingly, we have supported law enforcement, military, government, and other agencies throughout the years by manufacturing and sourcing various products and services needed to accomplish their duty, including Personal Protective Equipment. More recently, as part of our commitment to provide solutions, we have successfully provided PPE to the Defense Logistics Agency in their initial response to the COVID-19 pandemic. We continue to assist in the efforts to respond to this evolving situation and have reiterated our strategic commitment to provide critical supplies and solutions through the recent announcement of a $3.8 million order placed by the Department of Homeland Security (DHS) using Unifire’s GSA schedules. Importantly, we have validated our contracting infrastructures and showcased our ability to rapidly source and offer an extensive inventory of quality products, including disaster response.

Our position as an industry leader has led our team to increase engagement with various government bodies and agencies in planning activities where officials and key industry players joined to create a dialogue on needs and opportunities. Being engaged with decision-makers on the frontside of innovation allows us to see the potential for growth and identify three major areas of potential; Cybersecurity, Chemical, Biological, Radiological, Nuclear (“CBRN”), and Information Technology. As a result, we have been proactive in allocating additional resources that will help us capitalize on those verticals encompassing R&D funding, large contracts, and sales & services opportunities they represent. 

Protect The Force, and Unifire Inc continue to be engaged in DHS R&D-funded efforts in order to advance first responders technologies. Both companies have submitted white papers, which have materialized in invitations to provide full proposals for potential 2022 funding.

We had anticipated that the government would increase its spending by the end of the fiscal year to leverage its 2021 budget. Though this was not the case during the 2021 fiscal year, the government’s capacity to allocate significant resources to the space in which we operate remains strong, and several vehicles exist that would allow the government to spend with limited time constraints. We are confident that Unifire GSA schedules, recent Blanket Purchase Agreements (BPA), coupled with our demonstrated ability to provide the government with the products they need when they need them, will be significant factors in our continued success.

We have worked diligently on realigning our financial resources while bolstering our human resources by notably strengthening our sales team, who has worked tirelessly on submissions currently in various stages of the solicitation process while actively onboarding new vendors and reinforcing existing relationships that are the keystone to our success and help us retain our favorable positioning as an industry leader. As recently evidenced by the Department of Homeland Security, we have focused on generating sales through our reinvigorated efforts related to our GSA Schedules and continue to receive a sustained flow of orders that maintains our cash positive position.

The positioning of Advanced Tech Rescue has also allowed us to allocate resources to better represent our legacy products, where Unifire has worked since 1987 to set the standard in critical life-saving products and enhance our sales efforts to advance opportunities for high-performance rescue equipment that have undergone thousands of hours of real-life emergency situations while maintaining their durability and resilience.

Even as Government spending is off pace with our expectations, we have been active in mitigating the lull in awards by increasing our manufacturing capabilities through investment in equipment that will improve our processes and efficiencies and open up the door to new revenue opportunities. And with global supply issues being discussed worldwide, we have positioned ourselves favorably, obtaining payment terms from key vendors and suppliers to ensure our ability to meet anticipated demand. We have also been proactive in securing Berry compliant and 510(k) certified suppliers to meet the highest standards of future contracting opportunities.

While our focus remains on protecting those who protect us by providing our country with the products and services they need, we continue actively working with our partners to explore opportunities and use those relationships as a force multiplier.

Internally, our team of innovators and experts – whose depth of knowledge and industry relationships have successfully materialized in groundbreaking solutions, patented innovations, and ongoing discussions with advanced technology pioneers – are committed to proactively championing Unifire’s catalog of disruptive solutions to all levels of the US Government.

Our Board of Directors and Advisory Committee are comprised of leaders and luminaries in their respective fields, who have not only inspired changes across the military, law enforcement, fire and rescue, banking, and apparel industries but have also given rise to new opportunities that are well within our colloquial ‘wheelhouse’ as a comprehensive government solutions provider.

Finally, our team continues to be committed to building shareholder value through ongoing discussions with institutional groups and communications initiatives that will help Mission Ready support and inform its shareholder base while bringing awareness to the story you all came to know, but that remains largely untold.

 

Sincerely,

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 US$3.8 Million Purchase Order from United States Department of Homeland Security

VANCOUVER, BRITISH COLUMBIA, CANADASEPTEMBER 30, 2021 – Mission Ready Solutions Inc (“Mission Ready“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, today announced that it had received, through its wholly-owned subsidiary, Unifire, Inc. (“Unifire“), a US$3,800,000 (C$4,800,000 at USD-CAD exchange rate of 1.27) purchase order (the “Purchase Order“) through the United States General Services Administration (GSA) to supply personal protective equipment for the Department of Homeland Security (DHS) Office of the Chief Readiness Support Officer (OCRSO).

Following a successful solicitation response submitted by the Company (one of numerous current submissions in various stages of the solicitation process), the Purchase Order calls for the delivery of surgical masks (the “Product“) to the Transportation Security Administration (TSA) and Customs and Border Protection (CBP) as part of the US Governments COVID-19 pandemic response.

The Company will facilitate the Purchase Order fulfillment within the 60-day performance period through its partner, Altor Safety, who will ship the Product directly to the government agencies. Delivery of the Product is scheduled to commence immediately and be completed no later than November 27, 2021.

“This order is an excellent example of the hard work that goes on behind the scenes,” said Buck Marshall, President and CEO of Mission Ready. “Unifire’s team has worked diligently over the past year to strengthen our vendor network and position the Company in a way that responds to the needs of our customers.  The often-overlooked hours of work put in by our front-line support team to enhance our relationships and provide value add is the keystone to our success.”

“Unifire strength lies in its relationships; Our ability to promote vendors’ products and services and our relationships with the customers to which we provide our solutions,” said Skip Church, President of Unifire. “The past performance on large contracts, the continued flow of orders, and our capacity to be on-time and in good standing is the foundational trust Unifire strives to build with its vendors and customers.”

The US GAAP treatment for the anticipated revenue from the purchase order will not be finalized until the order transactions have been completed. Consequently, the revenue may be reported on a gross or net basis and some portion may be deferred to future accounting periods.

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions 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 (“GSA“).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire“), is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million military, fire and first-responder products. With extensive knowledge and experience in providing turnkey solutions to the United States Federal Government, Unifire utilizes its time-proven industry relationships and proprietary technology infrastructure to efficiently source and deliver critical, life-saving products in cooperation with government program managers, military and federal contracting offices, base supply centers, and other federal, state and local supply agencies.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5). 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

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 Solutions to present at OTC Markets Small Cap Growth Virtual Investor Conference

Live Webcast at VirtualInvestorConferences.com

 

VANCOUVER, BRITISH COLUMBIA, CANADASEPTEMBER 29, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, today announced that Buck Marshall, President and CEO of Mission Ready will present live at OTC Markets Small Cap Growth Virtual Investor Conference on October 7th.

The Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

DATE: October 7th, 2021
TIME: 12:30 PM ET (9:30 AM PT)
LINK: https://bit.ly/2XDPsP9

Recent Company Highlights

  • Blanket Purchase Agreement (BPA) Award for Support of Afghan Refugees
    • The Company will provide the DLA with commercial commodities used for housing, including blankets, pillows, sheets, and sets of those items
  • Extension of Cold Weather BPA
    • Mission Ready received a 3-year extension to a previously-awarded Blanket Purchase Agreement for the procurement and supply of cold weather equipment
  • Listing in Mergent Manuals
    • Enabling Mission Ready to increase its Blue Sky status in the United States, adding key jurisdictions such as Florida to its list of Blue Sky compliance
  • Enhanced Advisory Committee
    • A strategic panel of trusted advisors and leaders in the fields who will provide valuable insight and guidance to Mission Ready through future phases of growth
  • North American Communications Strategy
    • Aimed at increasing Mission Ready’s visibility in various channels to reach the Company’s stakeholders, through institutional investor outreach, conferences and trade shows, connection with Key Opinion Leader (KOL), and investor roadshows

The interactive online event will be live, and investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at https://www.virtualinvestorconferences.com/.

About Mission Ready Solutions
Mission Ready specializes in providing comprehensive government contracting solutions 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 (“GSA”).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”), is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million military, fire and first-responder products. With extensive knowledge and experience in providing turnkey solutions to the United States Federal Government, Unifire utilizes its time-proven industry relationships and proprietary technology infrastructure to efficiently source and deliver critical, life-saving products in cooperation with government program managers, military and federal contracting offices, base supply centers, and other federal, state and local supply agencies.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.

About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

CONTACTS:
Mission Ready Solutions Inc.
Dominic Gray
Director of Corporate Communications
+ 1 (877) 479.7778 Ext. 5
MRS-IR@MRSCorp.com

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

Mission Ready Solutions Announces Blanket Purchase Agreement (BPA) Award for Support of Afghan Refugees and Extension of Cold Weather BPA

VANCOUVER, BRITISH COLUMBIA, CANADASEPTEMBER 7, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, proudly announces that through its wholly-owned subsidiary, Unifire, Inc., (“Unifire”) the Company has been awarded a Blanket Purchase Agreement (the “BPA”) by the United States Defense Logistics Agency Troop Support Clothing and Textile Supply Chain (the “DLA”) as part of the agency’s response to support Afghan refugees.

Along with one other awardee, the Company will provide the DLA with commercial commodities used for housing, including blankets, pillows, sheets, and sets of those items for an initial total of 6 Contract Line Item Numbers (each one, a “CLIN”) with a maximum quantity of 99,999 for each CLIN, with the potential for additional CLIN to be added in the future. The BPA is for a duration of 1 year, renewable yearly within 30 days of the expiry.

The Company will facilitate the fulfillment of delivery orders primarily through its established network of Berry-compliant (Made in America) product manufacturers and vendor partners.

In addition, the Company is pleased to announce that the DLA has awarded, to Unifire, a 3-year extension to a previously-awarded Blanket Purchase Agreement for the procurement and supply of cold weather equipment (the “Cold Weather BPA”) Initially awarded to Unifire in 2019, the 2-year, USD $4,601,364 Cold Weather BPA has now been extended through April 17, 2024.

“Following the successful delivery of all PPE orders in support of the DLA’s response to COVID-19, the Afghan Support BPA further validates our contracting infrastructure and demonstrates Unifire capabilities as a provider of government solutions, including disaster response,” said Skip Church, President of Unifire. “We are actively working on supplementing the items under both BPA’s and maximizing our potential to earn new revenues.”

“Unifire’s proven history of quality items delivery, extensive product inventory, and capacity at rapidly sourcing needed items with our robust vendor relations continue to make us stand out amongst our peers in the government contracting process,” said Buck Marshall, President and CEO of Mission Ready. “The two currently active BPA’s showcase the Company’s ability to quickly react to meet time-sensitive government procurements requirements, and we are grateful for the DLA’s continued confidence in our ability to provide them with the products they need, when they need them.” Mr. Marshall continues “Given DLA’s evolving requirements in support of the Afghan Refugees – and the nature of Blanket Purchase Agreements generally – minimum, estimated and maximum dollars values are not provided to the awardee(s) within the BPA. As such, we are unable to provide an accurate estimate as to the frequency, volume or value of delivery orders we may receive on the BPA during the 1 year term or any extension thereof.”

 

About Blanket Purchase Agreements

A blanket purchase agreement (BPA) is an acquisition method that allows government and agencies to fill anticipated repetitive needs for various supplies or services through a virtual line of credit with a trusted supplier. The key difference between BPA and GSA Schedules lies in the ability for the agencies to buy a variety of supplies or services that would typically require the agency to purchase through multiple GSA schedules or contracts. BPAs are negotiated on an individual agency level, and generally, only a small number of agency offices can place orders on them. Sales conditions are agreed upon ahead of BPA awards and include details of supplies or services needed and the price for each of them. As a comparison, GSA Schedules are negotiated directly and only with GSA and, once awarded, allows any federal agencies to purchase directly from them. BPA orders also often have an acquisition threshold where GSA Schedules do not.

 

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions 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 (“GSA”).

 

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”), is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million military, fire and first-responder products. With extensive knowledge and experience in providing turnkey solutions to the United States Federal Government, Unifire utilizes its time-proven industry relationships and proprietary technology infrastructure to efficiently source and deliver critical, life-saving products in cooperation with government program managers, military and federal contracting offices, base supply centers, and other federal, state and local supply agencies.

 

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 (877) 479.7778 (Ext. 5).

 

 

Mission Ready Solutions Inc.

 

(Signed “Buck L. Marshall”)

 

Buck L. Marshall

President, CEO and Director

T: +1 (877) 479.7778

 

 

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 Highlights Q2 Financial Results and Provides Corporate Update in Live Event

VANCOUVER, BRITISH COLUMBIA, CANADAAUGUST 31, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, recently released its second quarter 2021 (“Q2 2021”) financial statements for the three and six months ended June 30, 2021.

The following are highlights of the six months ended June 30, 2021 (all dollar figures are quoted in Canadian dollars unless otherwise noted):

  • Gross Revenues of $78.73 million (an increase of $36.43 million from the same period in 2020)
  • Gross margin of 7.98%
  • Decrease in Operating Expenses of 5% (as compared to 13% from the same period in 2020)
  • Net Income of $2.87 million (an increase of $4.52 million from a net loss in the same period in 2020)
  • Adjusted EBITDA was $4.97 million (an increase of $4.15 million from the same period in 2020)
  • $7.1 million Working Capital improvement from year-end
  • Cash and Cash Equivalents of $4.4 million

“Q2 financials have once again showcased our ability to improve our ratios, decrease expenses and bring in additional revenues that ultimately resulted in better cash on hand and overall financial strength,” said Buck Marshall, President and CEO of Mission Ready. “Mission Ready’s revenue streams such as GSA schedules, innovation, manufacturing and distribution capabilities continue to bring consistent revenues that form the core of our business.”

A copy of the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2021, and the associated Management’s Discussion and Analysis (“MD&A”) are available on www.sedar.com under the Company’s profile and on Mission Ready’s website.

Marshall also provided a live corporate update to investors and shareholders, highlighting the milestones achieved and offered his overview of upcoming catalysts.

“Part of the expansion of our revenue streams lies in leveraging and maximizing our resources as best we can, our cut and sew capabilities being a prime example that opens OEM manufacturing opportunities,” said Marshall. “We are shifting from being a company reacting to opportunities to being proactive and creating opportunities as we continue looking for force multipliers.”

The presentation is available on Mission Ready’s YouTube channel and the Company’s website at MRSCorp.com.


About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions 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 (“GSA“).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire“), is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million military, fire and first-responder products. With extensive knowledge and experience in providing turnkey solutions to the United States Federal Government, Unifire utilizes its time-proven industry relationships and proprietary technology infrastructure to efficiently source and deliver critical, life-saving products in cooperation with government program managers, military and federal contracting offices, base supply centers, and other federal, state and local supply agencies.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 (877) 479.7778 (Ext. 5).


Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall

President, CEO and Director

T: +1 (877) 479.7778

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.