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Mission Ready Solutions Inc. (MRS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.6600+0.0100 (+1.54%)
At close: 3:58PM EDT
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Previous Close0.6500
Open0.6700
Bid0.6500 x 0
Ask0.6600 x 0
Day's Range0.6500 - 0.6700
52 Week Range0.0500 - 1.0000
Volume319,375
Avg. Volume1,892,846
Market Cap124.954M
Beta (5Y Monthly)2.25
PE Ratio (TTM)N/A
EPS (TTM)-0.0270
Earnings DateApr. 27, 2018 - Apr. 30, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.00
  • Mission Ready Provides Update on Product Deliveries, Strategy to Maximize Contract Value
    GlobeNewswire

    Mission Ready Provides Update on Product Deliveries, Strategy to Maximize Contract Value

    VANCOUVER, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) is pleased to provide an update further to the Company’s October 8, 2020 news release announcing that it had received an aggregate of $112 million in purchase orders (each purchase order, a “Purchase Order”) to supply isolation gowns in connection with the Company’s September 18, 2020 news release announcing that it had been awarded new contracts valued at an estimated $127 million, with a ceiling of $435 million (the “Contracts”). As part of the US Government’s COVID-19 pandemic response, the Contracts were awarded to the Company’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”) through the United States Defense Logistics Agency Troop Support (“DLA”) Clothing & Textiles (“C&T”) supply chain to facilitate the delivery of personal protective equipment to the United States Department of Health and Human Services for the Strategic National Stockpile. First announced in a news release dated February 2, 2021, the Company has engaged Tremont Strategies Group (“Tremont”) to help maximize the value of the Purchase Orders received across the Contracts during the term which spans from September 2020 through September 2021 (the “Term”). Tremont is a strategic, bipartisan government relations firm based in Boston, MA and Washington, DC. Tremont specializes in executing complex, multi-faceted campaigns by utilizing a comprehensive approach to engage stakeholders, policymakers and the general public in order to educate and advocate for its client’s position. With decades of experience in the public and private sectors, Tremont offers in-depth analysis’ on policy matters and proposals before state and federal government, and provides the expertise and entrepreneurial creativity needed to build successful comprehensive public affairs strategies. Buck Marshall, President and CEO of Mission Ready, said, “I am exceptionally proud of the tireless efforts of our team and trusted industry partners who have presided over the successful, on-time delivery of 13,328,670 of the 18,000,000 isolation gowns ordered across the Contracts to date. Though we are unable to definitely predict the aggregate value of Purchase Orders to be issued across the Contracts during the Term, with another 6 months and up to ~$323 million in runway remaining, we continue to proactively demonstrate Mission Ready’s preparedness and ability to accommodate additional Purchase Orders across the Contracts in the coming months in an effort to maximize the value of the Contracts to the Company beyond the Purchase Orders currently queued for delivery.” Throughout the COVID-19 pandemic, Mission Ready has worked with its extensive network of Berry Compliant (Made in America) product suppliers and their staff to quickly and efficiently deliver critical, life-preserving personal protective equipment to the US Government in support of their efforts to replenish the Strategic National Stockpile. Further information on the Awards can be found in related Company news releases which can be viewed on at www.MRSCorp.com or directly at the following links: October 8, 2020 | $16 Million in New Purchase OrdersSeptember 25, 2020 | $58.5 Million in New Purchase OrdersSeptember 24, 2020 | $37.5 Million in New Purchase OrdersSeptember 18, 2020 | Contracts for an Estimated $127 Million with a Ceiling of $435 Million Monetary values referenced herein have been converted from US currency (USD) to Canadian currency (CAD) using an exchange rate of 1.32 and rounded down to the nearest 0.5 million. About Mission Ready Solutions Inc.Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”). Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“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. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies. For further information, visit www.MRSCorp.com or contact: Investor RelationsT: 1.877.479.7778 – Ext 5E: IR@MRSCorp.com Mission Ready Solutions Inc. (Signed “Buck L. Marshall”) Buck L. MarshallPresident, CEO and DirectorT: +1 877.479.7778 Neither 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. Forward-Looking InformationThis 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. 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.

  • Mission Ready Commences Trading on the OTCQB® Venture Market
    GlobeNewswire

    Mission Ready Commences Trading on the OTCQB® Venture Market

    VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) is pleased to announce that, effective today, March 1, 2021, the Company’s common shares (“Shares”) have been approved to commence trading on the OTCQB® Venture Market (“OTCQB”) under the symbol “MSNVF”. The Company’s Shares will continue to trade on the TSX Venture Exchange under the symbol “MRS”. “Obtaining a listing for our common shares in the United States – the epicenter of our operations – is an important and timely milestone for the Company,” said Buck Marshall, President and CEO of Mission Ready. “In keeping with our commitment to build real and sustainable shareholder value, we are confident that trading on the OTCQB will further enhance liquidity for our current shareholders and extend investor awareness of the Company throughout the U.S. and beyond.” The Company also reports that it is in the process of completing its application for DTC eligibility through the Depository Trust Company “(DTC”) for electronic settlement and transfer of its common shares in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. The OTCQB is a leading market for early stage and developing U.S. and international companies operated by the OTC Markets Group Inc. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. Recognized by the U.S. Securities and Exchange Commission as an established public market, the OTCQB market will provide investors who cannot access trading on the TSX Venture Exchange with an alternative access to Mission Ready’s Shares though regulated U.S. broker-dealers. Investors can find Real-Time quotes and market information on Mission Ready at:https://www.otcmarkets.com/stock/MSNVF/quote. The Company appointed Burns, Figa and Will, Attorneys, to provide guidance with respect to its eligibility to meet the requirements of the OTCQB and to advise the Company on its responsibilities for complying with its U.S. disclosure obligations under the Securities Act of 1934 and Rule 12g3-2 promulgated thereunder in connection with the OTCQB listing and the OTCQB standards for international companies. About OTC Markets Group Inc.OTC Markets Group Inc. (“OTC Markets”) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, OTC Markets connects a diverse network of broker-dealers that provide liquidity and execution services, enabling investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. To learn more about how OTC Markets creates better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC. About Mission Ready Solutions Inc.Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”). Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“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. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, 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 RelationsT: 1.877.479.7778 – Ext 5E: IR@MRSCorp.com Mission Ready Solutions Inc. (Signed “Buck L. Marshall”) Buck L. MarshallPresident, CEO and DirectorPh: +1 877.479.7778 Neither 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. Forward-Looking InformationThis 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. 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.

  • Mission Ready Provides Corporate Update: OTCQB Listing, SOE Appeal, Word from the CEO
    GlobeNewswire

    Mission Ready Provides Corporate Update: OTCQB Listing, SOE Appeal, Word from the CEO

    VANCOUVER, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) is pleased to provide an update on its current initiatives, recent developments and ongoing operations. OTCQB ListingFurther to the related announcement in a November 27, 2020 newsletter, the Company is pleased to report that the process to obtain a secondary listing of its shares on the OTCQB® Venture Market (“OTCQB”) – a US-based trading platform operated by the OTC Markets Group in New York, NY, USA – was initiated in December 2020 and continues to advance through the various stages of the process. Mission Ready will continue to trade on the TSX Venture Exchange under the symbol “MRS”. The Company will provide further updates on its OTCQB listing initiative as they become available. The OTCQB is the premiere marketplace for developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. To be considered for a listing on the OTCQB, companies are vetted to ensure high standards with respect to financial reporting and general disclosure practices among other criteria and, as defined by the OTC Markets Group Inc., all companies are required to appoint a qualified, third-party investment bank or attorney as a Principal American Liaison (PAL) sponsor to help with the admission process, post disclosure in English, and act as a trusted resource for all their investor information needs and U.S. market protocols. “Listing on the OTCQB is anticipated to provide current and prospective international investors with more efficient access to the Company’s stock and public market data, and further improve the Company’s market liquidity,” said Buck Marshall, President & CEO of Mission Ready. SOE Protest AppealFurther to the Company’s October 8, 2020 news release announcing that Unifire, Inc. (“Unifire”) had filed a Notice of Appeal in response to a September 24, 2020 decision by the U.S. Court of Federal Claims (“COFC”) denying Unifire’s challenge to a December 2019 decision by the U.S. Defense Logistics Agency to exclude Unifire’s proposal from the competition under SPE8EJ-18-R-0001 (Special Operational Equipment (“SOE”) Tailored Logistics Support Program), the Company reports that the United States Court of Appeals for the Federal Circuit has entered a judgment denying Unifire’s appeal and affirming the judgment of the COFC. Mr. Marshall said, “Though we were hopeful that we would retain the SOE contract as another channel through which we can provide solutions to the U.S. Government, the reality is that the SOE contract vehicle comprised only a small fraction – approximately 5% – of our sales during the past year. The SOE contract has not contributed meaningfully to the Company’s revenues, bottom-line or otherwise in relation to the success and unprecedented growth that we have started to realize. There is an aspect of this conclusion that comes as a relief in that we can confidently and resolutely direct all of our attention to the sizable and lucrative, higher-margin sales channels. In keeping with our mantra to ‘Protect Those Who Protect Us,’ we remain committed to equipping the war-fighter and first-responders with the best possible personal protective solutions – we are ready and willing to provide subcontracting solutions to SOE prime vendors including the provision of Unifire’s Berry-compliant, in-house manufactured protective products.” Word from the CEOI enjoy finding efficiencies in processes, which is why I am naturally drawn to mathematics and finances. Math is not just the science of simplifying the expression, it is the art of knowing the order of operations. It is at this intersection of art and science that sustainable growth can happen. Mission Ready is approaching this intersection with great leadership and focus. Over the past few months, we have audited every line item on financials to examine where we can improve efficiencies. We have made and continue to make decisions that unify our team, remove barriers, and position ourselves to take advantage of untapped opportunities. This framework provides the ability for our Company to flex, pivot, and be fluid in any situation. The challenge becomes recognizing opportunities and acting in a responsible manner to provide the most return to our shareholders. I’m most excited about this as over the past few months we have been working very hard to realign our human and financial resources to position ourselves for a momentous 2021. This realignment of resources includes partnering with professionals to maximize our potential. We’ve engaged with Tremont Strategy Group to help lobby our government partners in the Personal Protective Equipment (PPE) space on current and future contracts. This is a force multiplier for us and our partners as we can work directly with the new administration and congressional members to better serve the needs of the United States and our allies. Additionally, we have engaged Victory Media as a marketing partner to perform a comprehensive refresh and integration of our intercompany brands, websites, logos, etc. We are excited to introduce a new, cohesive brand design that seamlessly incorporates each current business segment and will be customizable to accommodate future opportunities. The websites are also being updated with contemporary designs, additional resources and more intuitive user interfaces. In closing, as we diligently work to build a Company that is synonymous with excellence and professionalism, we are making great strides in thoughtfully allocating resources to support our commitment to create sustained shareholder returns through, among other things, effective leadership, strategic positioning, improved margins and expense management. About Mission Ready Solutions Inc. Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”). Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“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. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, 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 RelationsT: 1.877.479.7778 – Ext 5E: IR@MRSCorp.com Mission Ready Solutions Inc. (Signed “Buck L. Marshall”) Buck L. MarshallPresident, CEO and DirectorPh: +1 877.479.7778 Neither 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. Forward-Looking InformationThis 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. 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.