Mission Ready Outlines Progressive Growth Plan for Government Contracting Division, Elaborates on GSA Schedule Program

VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Further to its news release dated December 5, 2019, Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to elaborate on the Company’s ongoing growth initiatives to support and bolster its growing government contracting division, Unifire, Inc. (“Unifire”), which is projected to contribute $19,000,000 in revenues for fiscal 2019 – an increase of 600% over the Company’s aggregate revenues for fiscal 2018.

SOE Contract | Bridge

A portion of the contract awards in the Company’s current order queue, which includes scheduled shipments through the 1^st quarter of 2021, were received through the previously announced bridge contract (the “SOE Bridge”) through the Defense Logistics Agency (“DLA”) which extends the Company’s current Tailored Logistics Support (“TLS”) Special Operations Equipment (“SOE”) contract through March 6, 2020. The SOE Bridge contract – carrying a maximum dollar value of USD $4 billion – was awarded to the six incumbent SOE contract holders, including Unifire, and continues coverage of the full line of SOE and incidental services under the DLA Troop Support TLS SOE program. Additional information on the SOE Bridge Contract can be found at the following link: https://dod.defense.gov/News/Contracts/Contract-View/Article/1779133/

SOE Contract | Renewal

On December 5, 2019, the Company announced that it will be seeking clarification and exploring the availability of options to retain its status as an SOE contracting partner (“Prime Vendor”) following a notice that it had received from the DLA stating that its proposal “is being excluded from the competitive range and will not be given further consideration for award.” The Company has not received indication as to when the SOE renewal will be awarded – or whether it will be further extended – and will remain focused on winning awards through the SOE program as an incumbent Prime Vendor. Unifire has forged a long-standing and robust relationship with the Defense Logistics Agency and Company management are excited to further build this relationship moving forward.

Jeffery Schwartz, President & CEO of Mission Ready, states, “The fundamental basis of our bid to acquire Unifire was rooted in its unique government contracting framework, developed, refined and codified over the course of its 32 years in business. Since the acquisition of Unifire in April 2019, the Company’s sales trajectory has been on a steep incline as a result of the strategic combination of new capital facilities with Unifire’s highly-specialized processes and deeply-rooted industry relationships. Our exceptional framework, which continues to prove invaluable to the Company in performing on our current catalog of government contracts, is highly scalable and can be efficiently adapted to facilitate a wide range of government contracting vehicles including DLA programs, GSA Schedules, Blanket Purchase Agreements and commercial sales opportunities, to name a few.”