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

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

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

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

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

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

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

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of federal contracting vehicles including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration (“GSA“).

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

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact investor relations by email at MRS-IR@MRSCorp.com or by telephone at +1 877.479.7778 (Ext. 5). You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and latest news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall

President, CEO and Director

T: +1 877.479.7778

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

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

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

Live Webcast at VirtualInvestorConferences.com

 

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

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

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

Recent Company Highlights

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

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

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

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

About Mission Ready Solutions
Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS”) contracts awarded and administered by the United States General Services Administration (“GSA”).

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

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

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

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

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

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

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

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

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

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

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

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

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

 

About Blanket Purchase Agreements

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

 

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS”) contracts awarded and administered by the United States General Services Administration (“GSA”).

 

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

 

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

 

 

Mission Ready Solutions Inc.

 

(Signed “Buck L. Marshall”)

 

Buck L. Marshall

President, CEO and Director

T: +1 (877) 479.7778

 

 

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

 

 

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Highlights Q2 Financial Results and Provides Corporate Update in Live Event

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

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

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

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

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

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

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

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


About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration (“GSA“).

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

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


Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall

President, CEO and Director

T: +1 (877) 479.7778

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


Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Solutions to Present Corporate Update – Live Event – August 30, 2021

VANCOUVER, BRITISH COLUMBIA, CANADAAUGUST 24, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, invites shareholders and investors to participate in a Live Event on August 30, 2021, at 9 A.M. Pacific Time (12 P.M. Eastern Time). Buck Marshall, President and CEO of Mission Ready, will host the event and discuss the progress of Mission Ready, including Q2 financial highlights, milestones achieved, and an overview of upcoming catalysts.

The presentation will be followed by a live Q&A period where management from Mission Ready, Unifire, Inc. and Protect the Force will be available live to answer your questions. Questions can be submitted prior to the event at MRS-IR@mrscorp.com.

A recording of the presentation will be made available on Mission Ready’s website and social media following the event.

To register for the event, visit:

https://us06web.zoom.us/webinar/register/6416294904576/WN_miA3eohhQxKeVbYK8zNjRA

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.

(AUDIO ENHANCED) Mission Ready CEO Buck Marshall Provides Update on MarketRadio

VANCOUVER, BRITISH COLUMBIA, CANADAJULY 20, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, today released an audio interview, hosted by Phoenix Phillips of MarketRadio, through which President and CEO Buck Marshall provided an update on the Company’s progress and recent developments.

Listen to the interview here:

[LINK]

“To date, we’ve seen government spending down significantly as compared to previous years. The key here is that awards are still to come. The government has an allocated budget and a defined timeframe during which it must be spent. Based on the amount spent so far this year, we expect the government to release a significant amount of money before the end of the fiscal year, which represents a tremendous opportunity for us to work diligently to capture additional contracts for a strong third and fourth quarter,” said Buck Marshall, President and CEO of Mission Ready. “Mission Ready’s innovation and manufacturing capabilities, time-proven government contracting infrastructure, and top-tier commercial sales team are momentous value drivers that will undoubtedly be the springboards to our success in reaching new heights as a Company.”

Buck Marshall highlighted the following points:

  • Q1 2021 Financials were the result of financial acumen coupled with front-line sales efforts, the elimination of uncertainties, and a reduction in unnecessary expenses.
  • C&T gown contract was the primary driver of revenue for Q1 2021, and to date, all orders have been successfully fulfilled
  • In addition to numerous solicitation responses recently submitted by the Company, Unifire continues to bid on new contract opportunities, and is well positioned to respond quickly and effectively to the anticipated increase in government spending leading up to the US Government fiscal year end date being September 30.
  • Unifire continues to generate orders and a steady revenue stream through its GSA Schedules
  • Skip Church’s realignment to oversee PTF Manufacturing has proven successful to date, generating increased sales of body armor and related products
  • In alignment with the Company’s growth strategy, Mission Ready continues to expand its revenue pipeline with a recent focus on further leveraging PTF’s cut & sew capabilities to expand its product catalog

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 Retains Integral Wealth Securities as Market Maker

VANCOUVER, BRITISH COLUMBIA, CANADAJUNE 14, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSX-V: MRS) (OTCQX: MSNVF), a provider of comprehensive government contracting solutions, announces that it has retained Integral Wealth Securities (“Integral“) to provide market-making services in accordance with TSX Venture Exchange policies. Integral will trade shares of Mission Ready on the TSX Venture to maintain an orderly market, improve the liquidity of the Company’s shares and provide the Company with market intelligence.

Under the terms of the agreement, Integral will receive a $7,000/month cash fee for a 12-month period. Mission Ready shall have the option to terminate after six months by providing written notice one week prior to the end of the sixth month. After the 12 months, the agreement may be terminated by Mission Ready at any time upon 30 days written notice.

Mission Ready and Integral are unrelated entities. Integral has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and Integral will not receive shares or options as compensation. Integral is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”). Accordingly, Integral can access all Canadian Stock Exchanges and Alternative Trading Systems.

About Integral Wealth Securities

Integral Wealth Securities is a full-service securities dealer engaged in wealth management, market making, and investment banking with offices in Toronto, Ottawa, Calgary, Vancouver, Kitchener-Waterloo, Burlington, Sidney, and Nanaimo.

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 Reports 2021 First Quarter Results

All-time high revenue of $66.73 million, net income of $6.42 million and overall positive cash flows from operations

VANCOUVER, BRITISH COLUMBIA, CANADAMAY 28, 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 the results of the first quarter 2021 (“Q1 2021”). A copy of the unaudited condensed consolidated interim financial statements for the three months ended March 31, 2021 and the associated Management’s Discussion and Analysis (“MD&A”) are available on www.sedar.com under the Company’s profile . All dollar figures are quoted in Canadian dollars unless otherwise noted.

First Quarter 2021 Highlights

  • 342% Increase in Gross Revenues from Q1 2020 ($66.73 million, an increase of $51.64 million from the $15.09 million realized in the same period in 2020)
  • 916% Increase in Gross Profit from Q1 2020 ($8.23 million, an increase of $7.42 million from the $0.81 million realized in the same period in 2020)
  • 32% Decrease in expenses from Q1 2020 (a decrease of $947,290 compared to the same period in 2020)
  • Decrease in expenses relative to Gross Revenues (3% for the period as compared to 20% in the prior period)
  • Net income of $6.42 million (an increase of $7.71 million from a net loss of $1.29 million in the prior period)
  • Adjusted EBITDA for Q1 2021 was $8.33 million (an increase of $7.92 million from an adjusted EBITDA of $0.41 million in the prior period.)
  • $9.5 million Working Capital Improvement (improved working capital position from a deficit of $13.79 million to a deficit of $4.57 million)

“I am proud and excited to release the Q1 2021 financials showcasing the hard work and achievements of our team, and the continued success of all our activities, while maintaining a focus on reducing our operating expenditures,” said Buck Marshall, President and CEO of Mission Ready. “As mentioned in our Q4 2020 financial release, the positive trends have continued reenforcing the Company’s strategic approach as we position ourselves for new contracts and opportunities.  My vision and commitment remain on strengthening the Company’s financial position and pursuing efforts that build shareholder value,” Marshall concluded.

Recent Operational Highlights

  • 2020 Annual Financial Results -In April 2021, the Company filed its 2020 fourth quarter and full-year financial results reflecting annual revenues of $105.1 million.
  • OTCQX Listing and DTC Eligibility – In April 2021, the Company announced that its common shares had commenced trading on the OTCQX Best Market (the “OTCQX”) under the symbol MSNVF. The Company subsequently announced that its common shares had become eligible for electronic clearing and settlement through the Depository Trust Company in the United States.
  • Stock Option Grant – In March 2021, the Company announced that it had granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), for a total of 4,400,000 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 $0.70 per share for a period of up to 5 years.
  • OTCQB Listing – In March 2021, the Company announced that its common shares had been approved to commence trading on the OTCQB® Venture Market (“OTCQB”) under the symbol MSNVF.
  • Officer Change – In February 2021, the Company announced the resignation of Marcus Treiber as the Company’s Chief Operating Officer.
  • SOE TLS Contract – In February 2021, the Company reported that, further to its October 8, 2020 news release announcing that Unifire had filed a Notice of Appeal in response to a September 24, 2020 decision by the U.S. Court of Federal Claims (“COFC”) denying Unifire’s challenge to a December 2019 decision by the U.S. Defense Logistics Agency to exclude Unifire’s proposal from the competition under SPE8EJ-18-R-0001 (Special Operational Equipment (“SOE”) Tailored Logistics Support Program), the United States Court of Appeals for the Federal Circuit had entered a judgment denying Unifire’s appeal and affirming the judgment of the COFC.
  • Corporate Rebranding and Marketing Strategy – In February 2021, the Company announced that it had engaged Victory Media as a marketing partner to perform a comprehensive refresh and integration of its intercompany brands, websites, and logos as part of a new, cohesive brand design that seamlessly incorporates each of the Company’s business segments.

 

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 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.

Unifire Applauds the Committee Passage of “Make PPE in America Act”

The Legislation Would Mandate Long Term Federal Contracts for Personal Protective Equipment to Incentive Domestic Manufacturing

May 21, 2021 – (Spokane, WA) – Unifire, Inc. (Unifire) applauds the United States Senate Homeland Security & Governmental Affairs Committee (HSGAC) for passing the bipartisan Make PPE in America Act, introduced by HSGAC Chairman and Ranking Member Gary Peters (D-MI) and Rob Portman (R-OH). This critical legislation will foster a domestic supply chain and create a robust industrial base to respond to national PPE needs by requiring associated      contracts issued by the Departments of Defense, Education, Health and Human Services, Homeland Security, and Veterans Affairs to include a minimum duration of three years.

“We are grateful for the leadership of Senators Peters and Portman and thank the Committee for their expedient attention to the compelling issue of domestic production of essential PPE,” said Skip Church, President of Unifire. “Creating and maintaining a domestic industrial base is not a simple or easy task, and if the government creates incentives for the industrial base manufacturing these critical items, it will not only provide good, American jobs, but will also ensure a proactive and stable response to unknown PPE needs.”

“The ongoing COVID-19 pandemic has made it evident that the American people should not have to rely so heavily on foreign countries for personal protective equipment, and that’s why we must bring PPE production back to our shores,” said Senator Portman, Ranking Member of the Senate Homeland Security and Governmental Affairs Committee. “With last week’s passage of the Make PPE in America Act in the Senate Homeland Security and Governmental Affairs Committee, we are one step closer to making this important legislation law. Long-term contracts give U.S. producers, like Unifire, the certainty to know that their investment in the United States will be worth it because the government will be there to buy the PPE they produce. By re-shoring production of PPE, we can continue to support a safe and effective reopening of our schools, workplaces, and the economy.”

The bill defines PPE as surgical masks, respirator masks and powered air purifying respirators and required filters, face shields and protective eyewear, gloves, disposable and reusable surgical and isolation gowns, and head and foot coverings, or other gear or clothing used to protect an individual from the transmission of disease.

“We saw the alarming result of the lack of domestic supply chain for PPE last year when the COVID-19 pandemic hit, and we cannot let our country repeat this mistake,” said Francisco Martinez, Chief Technology Officer of Unifire.” The Make PPE in America Act will go a long way in avoiding other instances where national emergencies require a strong domestic industrial base in place to address the resulting PPE needs. We urge the full Congress to pass this legislation as quickly as possible.”

Media Contact:
Liesl Sheehan
Tremont Strategies Group
Phone: (617) 775-0923 (cell) / (617) 236-5830 x.101 (office)
Email: sheehan@tremontstrategies.com

Mission Ready Newsletter | March 2021 Shareholder Update

Dear Fellow Shareholders,

In a previous communication, I touched on “the art of knowing the Order of Operations.” I want to expand on this topic to provide a little insight into the genesis and timing of successful contract awards.

I’ve often heard from shareholders that they are eager to learn when Mission Ready will be announcing new or additional contracts – Though I wish the answer to this question could always be black and white, the reality is that we operate in a complex industry with many dynamics in play. The initial stage of a contract can take several forms – It may be a) as preliminary as a Request for Information (“RFI”) whereby the requestor is simply collecting data in advance of potentially submitting a Request for Proposal (“RFP”), b) as advanced as a concrete Request for Quotation (“RFQ”) with a defined award date, or c) somewhere in between. Depending on various factors, a contract may take several months to develop in the case of an RFI, for example, or advance from solicitation to award very quickly in the case of a sole source solicitation.

Assuming we are to the point where we have submitted our proposal on the solicitation, we then have to wait for a decision to be made.  Though these decisions can be made quickly, it is not uncommon that they are delayed or extended for various reasons, often for reasons entirely outside of our control.  To name a few, a contract award may be delayed due to i) a request for additional information, certifications, etc. from a contracting officer, ii) a high volume of solicitation responses to be reviewed, and/or iii) political reasons. To elaborate on the last example, an election year can bring a great deal of changes to processes as we’ve seen these past few months. A change of President often brings a change in priorities, a change in the policies, and a change in the way Congress reacts. As a further complication, when the balance changes in either the House or the Senate, it can have a ripple effect throughout all of the committees. During these time, ranking members, chairs of committees, etc. are all in flux, which can result in a temporary disruption of federal programs and initiatives. Even without these influences, the response period after a solicitation can span many months. The backlog of pending (to be submitted) and completed (submitted and awaiting response) solicitations in the queue at any given time various considerably depending on factors including the time of year (proximity to government fiscal year-end), size and response criteria of the solicitations, and supply chain capacity. We are ever mindful that our shareholders are eager to learn of the status of bids and new awards, and we remain committed to providing timely updates on all material events and significant corporate developments.

One additional point of clarification is to define the difference between a contract award and an order. Some contracts are specific and contain defined quantities and delivery date. Others, however, are classified as Indefinite Delivery, Indefinite Quantity (“IDIQ”) awards where there will be provisions under one contract for multiple orders governed by a much broader set of parameters in relation to delivery timelines and value (E.g., minimum, estimated, and maximum quantities and/or value).  Examples of IDIQ awards received by Mission Ready include the contracts announced in our news release dated September 18, 2020, titled ‘Mission Ready Awarded New Contract for an Estimated $127 Million with a Ceiling of $435 Million’ (the “Contracts”).

Further to the Contracts, we continue to facilitate the delivery of personal protective equipment for the Strategic National Stockpile as we work through the current queue of purchase orders received from the United States Department of Health and Human Services (“HHS”). Facilitated through our wholly-owned subsidiary, Unifire, Inc. (“Unifire”), our team has performed tremendously well in fulfilling the purchase orders received to date across the Contracts, and we are diligently working to leverage this performance for additional orders during the term of the Contracts. In fact, in approximately 6 months, we have delivered 13,328,670 isolation gowns out of an aggregate order of 18 million ordered, as reported in a news release dated March 10, 2021, titled: Mission Ready Provides Update on Product Deliveries, Strategy to Maximize Contract Value.

Switching gears, I often get requests for the Company to increase its communications via social media and other channels. As announced in a news release dated February 2, 2021, we have engaged the services of Victory Media and various consultants to spearhead the rollout of a targeted communications and marketing plan. I am excited to announce that during the 2nd quarter of this year, we expect to launch our newly branded corporate website alongside a new e-commerce site and social media platforms which is expected to greatly enhance the flow of news and other communications. The aim is to provide transparent and comprehensive access to relevant and interesting news on the Company’s operations, and to ensure that readers are kept well-informed on the current and future direction of the Company.

Following the release of our Q4 2020 audited results which are due to be filed on or before April 30, 2021, I also expect to take part in some exciting media relations opportunities such as a podcast, video interviews and social media initiatives. Through these supplemental communications channels, we will not only provide further insights into the Company’s financial outlook, but also look ahead to 2022 and beyond. It is, indeed, a busy time for us!

I’ve said it many times, and I will continue to say it – I am exceedingly proud of our team and their drive to build something awesome. I am grateful to each and every shareholder who has believed in us and continues to go on this journey with us.  I am optimistic about our future and look forward to what every day holds for each of us. We have made tremendous strides to become One Company, led by One Team, moving in One Direction.

As COVID-19 continues across the globe, I hope that each and every one of you and your families stay safe, healthy and connected to your loved ones and communities in whatever way you can during these difficult times.

Sincerely,
Buck 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: IR@MRSCorp.com

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

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

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.