VANCOUVER, British Columbia, May 08, 2019 (GLOBE NEWSWIRE) -- Further to its recent news release dated May 6, 2019, Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that it has received – through its wholly-owned subsidiary, Unifire, Inc. (“Unifire”) – an additional CAD$1.35 million (USD$1,001,948) in awards from the Defense Logistics Agency (“DLA”) as an incumbent prime vendor on the Tailored Logistics Support (“TLS”) contract.
The Company is pleased to report the recent awards and will endeavor to provide meaningful insights on Company developments on a regular basis. Though Mission Ready will continue to ensure the highest standards of regulatory compliance and timely disclosure of material events, management also wish to clarify that, with the addition of Unifire, the Company’s annual sales are expected to be comprised of multiple awards of varying dollar values, many of which will be considered to be within Unifire’s ordinary course of business and, subject to the applicable securities laws, will not be individually announced.
“We are pleased to be picking up speed into the prime selling season for government contractors which is generally between June 1 and September 30th,” states Jeffery Schwartz, President & CEO of Mission Ready. “During the acquisition process, infrastructure and processes were developed to ensure that the post-close integration process did not impact Unifire’s sales opportunities. This foundation is now proving to be invaluable to the Company, providing the sales team with increased bandwidth for solicitation response.”
The Canadian dollar amounts referenced herein are calculated using a USD–CAD conversion rate of 1.35.
About Unifire, Inc.
Founded in 1987, Unifire is a specialized solutions provider to the US Defense Logistics Agency, and one of six companies worldwide that is authorized to provide equipment and designated services under the multi billion-dollar Tailored Logistics Support framework. Unifire is a Service-Disabled Veteran-Owned Small Business and an industry leading manufacturer and distributor of over 1.5 million fire, military, emergency, and law enforcement products. As an incumbent awardee of DLA’s Special Operations Equipment contract, with extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient and scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies.
About Mission Ready Solutions Inc.
Mission Ready innovates and manufactures leading tech-centric defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first-responders and all those who protect us by equipping them with the next generation of personal protective technologies.
Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments; Innovations & Development, Prototyping & Manufacturing, and Product Sales.
Mission Ready trades on the TSX Venture Exchange under the symbol MRS.
For further information, visit MRSCorp.com or contact:
Investor Relations
T: 1.877.479.7778 – Ext 500
E: IR@MRSCorp.com
Mission Ready Solutions Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,
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 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.
Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Solutions 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 Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
Neither 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.