VANCOUVER, BRITISH COLUMBIA – (May 1, 2018) – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX VENTURE:MRS) is pleased to announce the addition of former NYPD Commissioner, William J. Bratton, to the Company’s Board of Directors (“Board”) and to provide an update on the Company’s recent advancements.
Mission Ready is pleased to announce the appointment of William (Bill) J. Bratton as a member of the Company’s board of directors, effective May 1, 2018. Currently serving as the Vice Chairman for the Secretary of Homeland Security’s Advisory Council, Mr. Bratton, during a 46-year career in law enforcement, instituted progressive change while leading six police departments, including seven years as Chief of the Los Angeles Police Department and two nonconsecutive terms as the Police Commissioner of the City of New York. Mr. Bratton is the only person ever to lead the police agencies of America’s two largest cities. Mr. Bratton currently serves as the Executive Chairman of Teneo Risk (“Teneo”). A more comprehensive biography on Mr. Bratton can be viewed on Teneo’s website at https://www.teneoholdings.com/leaders/william_j_bratton.
Major General, US Army (Retired) Peter N. Fuller has announced that, effective April 30, 2018, he will step down from the Company’s Board of Directors and move to its Advisory Committee. General Fuller stated he will step down as a director of the Company to facilitate the appointment of Mr. Bratton to the Board and to also allow him to support new developing opportunities within Cypress International, Inc., where he is its President & Chief Operating Officer. Management wishes to express their sincere appreciation for General Fuller’s valuable contributions to the Company since joining the Board in 2012 and they are very happy to welcome General Fuller to the Company’s Advisory Committee. In his capacity as an Advisory Committee member, General Fuller will continue to provide invaluable insights and direction to Mission Ready as it continues to move forward in becoming an industry leader in tech-centric Personal Protective Solutions tailored to Law Enforcement, DOD and DHS.
Jeffery Schwartz, President & CEO of Mission Ready states, “During the recent 12-months, we have built an excellent team who will be instrumental in the growth and success that we envision for 2018 and beyond. Mr. Bratton’s extensive experience and contributions to the industry will be of great value to the Company. We could not ask for a more qualified individual to help us advance Mission Ready at this important time in the Company’s evolution.”
Mission Ready reports that shareholders represented in person and by proxy approved all resolutions brought before them at the Company’s 2018 Annual General and Special Meeting (the “AGSM”) of its shareholders held in Arlington, Virginia on April 24, 2018. The Board of Directors would like to thank the shareholders for their continued support.
Grant of Options
Mission Ready reports that it has granted incentive stock options (the “Options”), pursuant to its stock option plan, for a total of 1,070,000 common shares of the Company, to certain directors, officers and consultants of the Company. The Options are exercisable at a price of $0.25 per share for a period of five (5) years.
2017 Audited Annual Financial Statements
Mission Ready reports that its audited annual financial statements, related management’s discussion and analysis (“MD&A”) and National Instrument (“NI”) 52-109FV1 reports were filed on SEDAR on April 30, 2018 and can be viewed at www.sedar.com.
Mission Ready is pleased to report that all of the outstanding Debentures from the brokered private placement financing that closed on June 1, 2017 have been converted, eliminating an aggregate of CAD$800,000, plus accrued interest, in cash obligations payable by the Company.
About Mission Ready Services Inc.
Mission Ready serves 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.
Headquartered in Vancouver, BC, Mission Ready has three distinct, synergistic operating divisions:
- Innovations and Development of Personal Protective Equipment
- Manufacturing of Leading Military & Law Enforcement Personal Protective Equipment
- Cleaning, Decontamination & Repair of Personal Protective Equipment
Mission Ready’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.
For further information, visit MRSCorp.com or contact:
Bristol Investor Relations
P: 1.877.479.7778 – Ext 500
Mission Ready Services 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 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 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.