VANCOUVER, B.C. – Mission Ready Services Inc. (TSX-V: MRS) – Mission Ready Services Inc. (“Mission Ready” or “MRSI” or the “Company”) is pleased to report that its wholly-owned subsidiary, Protect The Force, Inc. (“Protect The Force” or “PTF”), in participation with its clients, was successful in capturing over $10M in sales, or ~$450K in revenue to PTF, in the last two months of the U.S. Federal Government budget year ending September 30, 2014.
This continues to demonstrate the ability of PTF to guide clients products through the US Federal Government’s procurement departments. These relationships also assist in positioning products such as the No-Contact technology and the Ballistic Combat Shirt developed through MRSI’s R&D division, Mission Ready Technologies, very favorably with potential end users.
Gary Hess, President of Protect The Force, Inc. states, “As we wrap up a very successful year over the next 4 weeks, we look forward to the start of 2015 which we are forecasting to deliver continued revenue growth, new hires, key partnership arrangements and the successful completion of numerous current opportunities within our estimated $100 million sales pipeline.”
Respiratory and chemical protective clothing products sold into the Homeland Security Agency and military first responder markets accounted for the majority of the sales volume. PTF is on track to exceed annual sales of $60 million in 2014.
Acquired by Mission Ready in May 2012, Protect The Force is a strategic consulting firm specializing in providing leading manufacturers with relationship management, product development, acquisition & contracting expertise, and sales & marketing support geared towards selling to the U.S. Federal Government. PTF is led by a team of industry veterans with extensive experience providing products, services and expertise to governments, first-responders and tactical markets.
Working alongside its diverse network of clients, authorized dealers, and strategic business consultants, PTF is providing personal protective equipment and first-responder equipment for Chemical, Biological, Radiological, & Nuclear (CBRN) defense, EBOLA, Explosive Ordnance Disposal (EOD) defense, and Homeland Security. Over the last 7 years, Protect The Force has supported direct and indirect government sales for its clients in excess of $500 million.
PTF’s value to their clients, in a very unique market segment, includes the ability to navigate directly to key decision makers, proficiency in dealing with complex government contracts, and the provision of technical product expertise.
About Protect The Force Inc.
Protect the Force has a robust infrastructure comprised of a network of industry professionals, an efficiently-coordinated supply chain, an unparalleled dealer organization, and a leading edge research and development faculty.
Protect The Force offers over 100 years of combined experience in developing products, contracting, and selling to the federal government, first responder and tactical markets through open-market procurements, teaming arrangements and a variety of federal contract tools.
About Mission Ready
MRSI was created to meet a critical need of one of the world’s largest customers, the US Government and in particular the Departments of Defence, Homeland Security and Justice and various other agencies such as law enforcement, first responders and the many others worldwide that help to safeguard our health and security.
Headquartered in Vancouver, BC, MRSI has three distinct, synergistic operating divisions:
- Strategic consulting services and manufacturers representation
- Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
- Product research and development
MRSI’s management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.
MRSI’s mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.
For further information, visit the Company’s website at MissionReady.ca or contact:
Terry Nixon – Director, Corporate Communications
Telephone: 1.877.479.7778
Investor Relations
1-866-684-6730
mrs@kincommunications.com
www.kincommunications.com
Mission Ready Services Inc.
(signed “Rod Reum”)
Rod Reum,
President & CEO
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 Services 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 Services Inc. to be materially different from those expressed or implied by such forward-looking information.
Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Services Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 Services Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
