Mission Ready Responds to Increased Market Activity
VANCOUVER, British Columbia, Oct. 29, 2019 (GLOBE NEWSWIRE) — Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) confirms that its management are not aware of any material corporate development, material news or undisclosed material change to the Company or its operations that would account for the recent increase in stock market activity.
In response to a recent third-party public notice (the “Notice”) indicating that funds totaling USD $204,421,457.09 (the “Funds”) have been obligated to Unifire, Inc. (“Unifire”) – a wholly-owned subsidiary of Mission Ready – the Company wishes to clarify that the Funds have not, in fact, been obligated to Unifire and the Notice was posted as a result of a third-party systems error. Mission Ready management and personnel had no knowledge of the existence of the Notice prior to its publication.About Mission Ready Solutions Inc.
Mission Ready innovates, manufactures and distributes leading defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first responders and all those serving on the front lines by equipping them with the next generation of personal protective technologies.Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”), is 1 of 6 companies globally that is authorized to provide equipment and designated services under the multibillion-dollar Tailored Logistics Support (“TLS”) Program developed and supported by the United States Defense Logistics Agency (“DLA”). Unifire is a designated 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 (“SOE”) 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.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 5
E: IR@MRSCorp.comMission Ready Solutions Inc.(signed “Jeffery L. Schwartz”)Jeffery L. Schwartz,
President & CEO
T: 1.877.479.7778CAUTIONARY DISCLAIMER STATEMENT:
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 the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.