VANCOUVER, BRITISH COLUMBIA – (AUGUST 2, 2017) – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX VENTURE:MRS) is pleased to announce that it has retained strategic advisory and merchant banking firm, MediaTech Capital Partners (“MediaTech”), to assist the Company’s new management team in capitalizing on additional growth opportunities in the defense and law enforcement sectors, provide access to rapidly developing global markets, and oversee immediate and ongoing capitalization initiatives to quickly scale Mission Ready’s manufacturing operations to facilitate current production demand and the ambitious short-term growth targets for 2017 & 2018.
“With impressive new management and a rapidly expanding array of techno-centric products and services, Mission ready is perfectly positioned to serve the rapidly growing demand for anti-terrorist, military, law enforcement, and public safety equipment,” states Porter Bibb, Founder & Managing Partner, MediaTech Capital Partners. MediaTech has a network of senior government, military, and financial relationships in Canada and the U.S., and we intend to build a very active, high-profile board of advisors to help open doors around the world, establish strategic relationships, and develop partnerships for Mission Ready with significant defense, law enforcement, and public safety contractors.” Bibb continues, “Mission Ready operates in a very fragmented industry sector with literally hundreds of small, undermanaged companies with great products. The sector is ripe for consolidation and Mission Ready is exceptionally well-positioned, as a growing global manufacturer and marketer, to capitalize on what industry observers expect to be a massive rollup.”
A graduate of Yale University (BA/Hist), and holding graduate certificates from both the Harvard Business School and London School of Economics, Porter Bibb is a director of ISI – one of the world’s most influential artificial intelligence think tanks – and appears frequently on CNBC, Bloomberg, Fox News, CNN, and the BBC.
With more than 40 years experience as a senior investment banker specializing in media, entertainment, and technology ventures, Mr. Bibb launched the first investment banking ’boutique’ in London in 1962 and was part of the team which created Bankers Trust’s highly successful investment banking unit in 1977, completing over 300 media and entertainment transactions in less than five years. For over 15 years, Mr. Bibb was principal, senior partner and director of investment banking at Ladenburg Thalmann & Co.
Additionally, Mr. Bibb is a former White House correspondent for Newsweek magazine; the first publisher of Rolling Stone Magazine; former Corporate Development Director for The New York Times Company; and author of several books including the best-selling biography of Ted Turner (Random House, 1993/1997).
“We are very excited to have Porter and the MediaTech partners join our team. This is a significant advancement of our goal to evolve Mission Ready into an industry leader. As the Mission Ready team continues to lay the groundwork for our future, Porter and his team will be instrumental in aligning Mission Ready with the right capital and corporate structures. This is just the next step in the process,” states Jeff Schwartz, President & CEO of Mission Ready.
About MediaTech Capital Partners
Founded in 1990, MediaTech is a high profile strategic advisory and merchant banking firm based in New York, with offices in London, Boston, and Los Angeles. MediaTech has served sovereign governments, large private equity and family office funds, as well as such diverse clients as the London Stock Exchange, China Investment Corp., and the Kingdom of Morocco.
Due diligence is undertaken before undertaking any engagement, and includes an in-depth review of the company’s organization, capitalization, business plan, and competitive environment. We refine, and at times re-invent, strategies for growth, and work as partners to realize the management goals and priorities.
We do our homework, and we create results. We will take the time necessary to understand a company’s specific risks and opportunities — and we take on projects only when we have developed a strategy that can add a great deal of value quickly, effectively, and with minimal risk.
— Porter Bibb, Managing Partner, Corporate Finance, MediaTech Capital Partners
MediaTech’s principals and senior management are actively involved in each assignment the firm undertakes. By providing close, personal attention to a select client base, the firm is able to ensure maximum results are achieved in a timely manner, with a minimum of disruption to a client’s everyday business and none of the potential client conflicts that often occur at larger firms.
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.
Terry Nixon – Director, Corporate Communications
Mission Ready Services Inc.
(signed “Jeff 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.