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.
Board ChangesMission 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.”
2018 AGSMMission 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 OptionsMission 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
StatementsMission 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.
Debenture ConversionsMission
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 RelationsP:
1.877.479.7778 – Ext 500E: IR@MRSCorp.com
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.
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