Posts in category: NEWSLETTERS

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.

Fellow Shareholders,

As you know, we have recently filed our Q2 financials. Below is a summary of the key information for the six months ended June 30, 2022:

• Gross revenues of $3 million
• Gross margin of 29% for the period (reflecting the generally higher margins the Company receives on products manufactured in-house)
• 13% decrease in operating expenses from the same period in 2021 (primarily associated to a reduction in professional fees, wages and benefits and stock-based compensation)
• $1 million working capital (mainly due to repayments on notes payable)
• $2.2 million of cash and cash equivalents

As we approach the end of the fiscal year for the US Government (September 30), I would like to provide some insights into the active opportunities in the pipeline, our corporate vision and our strategic positioning as it relates to the global economic conditions and our readiness to react quickly, respond competitively and perform flawlessly. I can say with utmost confidence that our company positioning is stronger than ever. Our capacity to generate profits has been exponentially increased over the last year, with upwards of 60 active responses for solicitations, representing an estimated potential over $1 Billion US dollars. We remain highly confident in our ability to capture and monetize a substantial portion of these existing opportunities while we continue to build our burgeoning pipeline with additional opportunities for the future.

While government contracting delays have been experienced across our industry, our team has utilized the time to respond to solicitations, develop and maintain strategic partnerships, and continue refining our order fulfillment processes. With the recent changes within our structure, our companies are utilizing resources more efficiently than ever before, building layered revenue streams both within and outside of the realm of government contracting.

Consequently, the Company has been directing certain resources towards the development of its innovations and manufacturing divisions, PTF Innovations (“PTFI”) and PTF Manufacturing (“PTFM”), respectively. Now led by Francisco Martinez, Chief Technology Officer of Unifire (as announced in a news release dated July 21, 2022), both PTFI and PTFM are well-situated to capture several development and manufacturing contracts, any one of which would quite conceivably elevate both divisions to levels not yet reached in the Company’s history.

Through our current OEM work, we have optimized our manufacturing processes, expanded our capabilities, positioned ourselves as a robust alternative for domestic cut and sew services within our networks, and expanded our scope considerably by creating an emerging network of cut and sew facilities through the formation of strategic alliances.

The General Services Administration (GSA) has now finalized the consolidation of the numerous GSA Schedules under a single Multiple Award Schedule (MAS) encompassing, among others, all the categories of products and services offered by Unifire. Unifire’s team continues identifying disruptive products, solutions and technologies that match the emerging needs of our customers for inclusion in our GSA product catalog. With the completion of the MAS consolidation project, we are optimistic that our submission to be part of the VA GSA Schedule will now soon be decided, and with our current and expanding network of medical supply vendors and manufacturers, effectively complement the products offered under the estimated $14B annual budget.

Our team also recently attended the 144^th General Conference & Exhibition, where we presented to more than 2,000 Army and Air National Guard officers from all 50 states.

Putting ourselves at the forefront and showcasing our capabilities within our industry remains a priority. We recently added another arrow in our quiver by creating a Procurement Pathway Guide, a tool that will be essential for the people we meet to understand the different pathways available to them for procurement through Unifire’s contracting vehicles.

Finally, as experts forecast that global tensions and attacks on Ukraine will continue to escalate, our work with Task Force Antal and Support Hospitals in Ukraine has been instrumental in supporting our allies. This also emphasized the need for other countries to carefully evaluate their emergency response strategy and needs, directly translating into increased opportunities for Foreign Military Sales (FMS). We continue active discussions with allied countries and organizations to provide solutions and identify potential areas of need. These strategic partnerships in Central and Eastern Europe act as force multipliers for Mission Ready through the critically important relationships that will drive purchasing when the US Government allocated funds finally make their way to contracting opportunities.

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.

Fellow Shareholders,

As we’ve alluded to in our most recent press release, our priority has been to showcase Mission Ready’s capabilities. We have successfully met with United Nations and Ukrainian representatives and continue working with them to establish positive relationships.

The current global political climate has increased the possibilities for foreign military sales and, more crucially, highlighted the need for reliable sources to meet the demand of international crisis and humanitarian response efforts. Consequently, we have developed materials that demonstrate our strengths in these two areas, and we are in constant contact with foreign governments, intergovernmental organizations, and humanitarian groups.

As part of these newly established connections, Mission Ready is working alongside Task Force Antal (“TFA”). TFA is a non-profit organization specializing in crisis management and evacuation support for U.S. Citizens, lawful permanent residents, allies, and their families.

TFA’s inception lies in the end of U.S. operations in Afghanistan. Since then, TFA has successfully managed the safe evacuation of over 1,400 American Citizens, legal permanent residents, and individuals with Special Immigrant Visas, including several high-value assets with heightened security profiles, from Afghanistan. Through its extensive network of trusted assets on the ground, TFA ensures that the basic needs of those in hiding are met and work to coordinate eventual evacuation.

TFA’s team has been working around the clock to ensure that U.S. Citizens, Ukrainian American families, vulnerable Ukrainians, and third-country citizens are safe until they can find passage out of Ukraine to escape the Russian invasion. With countless women and children among them, these people are under constant threat of violence and death.

As some of you have also witnessed through our social media, we have also started working with Support Hospitals in Ukraine, a non-profit organization committed to supporting hospitals in Ukraine with much-needed modern medical equipment and supplies.

To address the critical needs caused by Russia’s war on Ukraine, Support Hospitals in Ukraine are shifting the focus to meeting the most urgent need, by providing tactical medicine and field surgery supplies.

While both these relationships are at their debut, our organizations are aligned and we are mutually committed to working together to support Ukraine.

InvestorIntel.com recently published a story by Matt Bohlsen on April 6th that is Trending in their Top 10 section at #2, which may be accessed at the following link Trending – InvestorIntel. And the story, titled Mission Ready Solutions enters 2022 with a new USD$200 million contract from the U.S. Department of Defense may be accessed here https://bit.ly/3K9MUuW

In parallel to our efforts to put Mission Ready at the forefront, we are focused on the growth and scaling of our operations. We firmly believe that these strategic approaches will support our short- and long-term objectives. While scaling entails increasing our short-term revenues, we want to ensure we do so without significantly exhausting our resources. The submission to the V.A. schedule as a prospective addition to our current GSA schedules is a perfect example of the Company’s revenue streams expansion plan. Through our networks and favorable positioning, we have also highlighted areas of need for governments and agencies. We have been working on identifying products, solutions, and technologies that will help us meet future demands. As a result, we have established or strengthened ties through distribution and dealer of record agreements to enhance our offering. We have worked on bringing those partnerships to light for the last year as a glimpse of our progress behind the scenes.

We have bolstered our team, adding industry experts who bring established networks and specialized knowledge to our Company. We have also invested in enhancing our manufacturing capabilities over the last year and are in active discussions for OEM opportunities. We’ve also identified additional revenue streams that would require additional human and manufacturing resources. As a result, we have assessed and forecasted these potential needs and have formed strategic alliances that will support us in meeting and exceeding these new requirements.

Finally, a word from our Chairman, Major General (Retired) James “Spider” Marks:

“As a follow-up to my recent share disposition, I would like to provide some context to clarify that my decision to monetize these shares at this time is in no way a reflection of my sentiments on the direction or future of Mission Ready, and was transacted for the sole purpose of satisfying certain time-sensitive personal obligations. To be clear, I am more bullish on Mission Ready as a Company than ever before which is why I am pleased to have been able to fund the bulk of my requirements through alternate sources of capital. Believing strongly that Mission Ready is on a path towards unprecedented growth and success, both near and long-term, I have every intention to rebuild and bolster my equity position in the Company.”

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.

Fellow Shareholders,


Following a drought period in government spending and times of military withdrawals, political tensions are now at new heights, and the impacts on the world will be felt both economically and politically.

Our mission is to provide governments with the products and solutions they need, when they need them. We successfully positioned Unifire as an emergency response provider, responding to the call of various agencies, swiftly providing them with supplies and solutions adapted to the situations.

As a result, Unifire led the relief efforts for the Afghan refugees’ crisis and, importantly, continues to support the US Government as a solution provider for the increasing number of Ukrainian refugees. With our various strategic contracting vehicles, including the COTS Shelter contract, Mission Ready and Unifire are in a favorable position to provide products and solutions imperative to humanitarian efforts.

And as a Company, we rise to the call of the US Government, but also of foreign governments, including our UN and NATO allies, leveraging our worldwide network of vendors to provide needed items, solutions, and logistical support. We have identified critical areas of need and have actively organized resources to offer a variety of products, from shelters to sleeping bags, cots, potable water solutions, food sources, and more.

In addition to our humanitarian efforts, we are mobilizing our capabilities to answer the call for ballistic solutions needed by our allies, from the basic plates and plate carriers to complete head-to-toe solutions.

Our team is hard at work putting together these resources and showcasing our global capabilities, and I would like to take this opportunity to thank them for their sustained, dedicated efforts. I would also like to thank our ever-expanding network for their continued support.

Finally, our subject matter experts, both internally and externally through the Board of Directors and Advisory Committee, continue to bring forward opportunities to actively explore and pursue discussions with innovators, manufacturers, suppliers, and government stakeholders as part of our continued commitment to offer innovative and potentially disruptive products and solutions.

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.

Fellow Shareholders,

December indicates the end of the Company’s fiscal year. But December is neither an end nor a beginning and instead marks the continuation of the progress we make as One Company, One Team, going in One Direction. This year’s end is also a time to reflect on our achievements.

Earlier this month, we announced that Unifire had been awarded up to $200MM for the COTS Shelter Systems. But what does this mean for your Company? First and foremost, this announcement emphasized your Company’s ability to thrive amid uncertainty. While Unifire joins other industry leaders on an existing contract, this new $200MM ceiling represents the Company’s portion of this contract. Importantly, as part of our proactive approach to seek opportunities with superior ratios, Unifire successfully positioned itself as the manufacturer of record for some products currently included in the contract, effectively adding greater value to the contract as we realize two different (but related) sources of revenue.

2021 allowed us to focus on value drivers, making great strides in reducing our liabilities and positioning the Company for long-term growth. We have continued to build relationships with our vendors and partners while bolstering our dealer network and introducing several new disruptive products and services, positively increasing our offering and showcasing our ability to provide the Government with solutions to unmet needs.

We have also overhauled our communications, redefining our image, message and audiences, along with the use of our communication channels. We have kept our stakeholders updated on the Companies’ progress and have shared our story with industry media, analysts, and institutional investors. With ongoing discussions, we feel that we were able to efficiently grab their attention and convey the excitement and potential behind our story.

As we approach the new year, our team continues to increase its marketing efforts to get our name and story on everyone’s radar ahead of important catalysts and progress in our outreach to institutional investors internationally.

We also reflect on what 2022 will bring for the Company and its shareholders. While our primary focus remains to provide the Government with innovative products and solutions through precise and accurate responses to solicitations – or via our existing contracting vehicles including Blanket Purchase Agreements (BPA) and Schedules (GSA and VA) – we continue to work with our domestic and international partners to explore opportunities and to accelerate the expansion of our product distribution network.

The imminent launch of our full-scale E-Commerce platform will mark a new step towards our efforts in building layered revenue streams, allowing us to offer more than 20,000 products, including both in-house and vendors’ products, in one convenient, easy-to-shop location that’s readily accessible to retail consumers.

With a second continuing resolution adopted earlier this month to keep the Government funded through February 18, 2022, we are also confident that the new year will effectively bring a new budget and needed stability and predictability for our Government and its agencies, restoring their ability to continue to be ready for today, while looking at investment in the future.

I wish you and your loved ones a happy holiday season.

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.

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.