MISSION READY NEWSLETTER | AUGUST 2022 | SHAREHOLDER UPDATE & Q2 FINANCIAL RESULTS

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 144th 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.

MISSION READY NEWSLETTER | MAY 2022 | SHAREHOLDER UPDATE & MESSAGE FROM THE CHAIRMAN

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.

Mission Ready Newsletter | March 2022 | Shareholder Update

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.

Mission Ready Newsletter | December 2021 | Letter from the CEO

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.

December 2021 Newsletter

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.

December 2021 Newsletter

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, CANADA – OCTOBER 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.