NOVEMBER 2020 SHAREHOLDER UPDATE | LETTER FROM THE CEO NOVEMBER 2020 SHAREHOLDER UPDATE | LETTER FROM THE CEO
In this time of giving thanks, I reflect on the great progress we continue to make as a Company and as a team. November has been a very exciting month, marked by positive change and forward progress. In addition to a few thoughts that I am excited to share with you in this newsletter, we’ll hear from a couple other members of our leadership team who will highlight some of the noteworthy events and achievements that have taken place in the past few weeks.
Following the successful completion our first “Virtual” Annual Shareholders Meeting held earlier this month, we provided a brief update through which we endeavored to convey our vision for the direction of the Company and our appreciation to you – our shareholders – for your enduring support.
As announced November 12, 2020, it’s a tremendous honor to welcome Commissioner William Bratton as a Director of Mission Ready, and to have the privilege of serving alongside him as a fellow board member. Commissioner Bratton brings a wealth of knowledge, leadership and governance experience to the Company’s already robust Board of Directors. If you have not yet had the chance to do so, I would encourage you to review the brief summary of Commissioner Bratton’s impressive background and expertise included in our November 12, 2020 news release, available at the following link: News Release | Appointment of William Bratton to Mission Ready’s Board of Directors.
In keeping with our commitment to build sustainable shareholder value, we continue to explore ways in which we can increase market awareness and broaden our reach throughout the investment community. As a key element of an ambitious investor outreach program that we envision implementing throughout 2021, we intend to initiate the process to obtain a secondary listing (dual listing) for our shares on the OTCQB, a US-based trading platform operated by the OTC Markets Group in New York, USA.
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.
“An OTCQB listing will serve to provide current and prospective U.S. investors with streamlined access to the Company’s stock and public market data, while offering greater liquidity for Canadian and US investors, alike,” states Terry Nixon, Chief Compliance Officer and a Director of Mission Ready Solutions Inc. Mr. Nixon continues, “We are excited to further expand our reach in the marketplace and become more accessible to the extensive network of investors within the United States and internationally.”
Further to our October 8, 2020 news release reporting that we had received aggregate purchase orders totaling ~C$112 million pursuant to the isolation gown contracts awarded by the United States Defense Logistics Agency Troop Support Clothing & Textiles (“DLA C&T”) supply chain, Unifire personnel have been busy fulfilling orders according to the specified delivery schedules. Skip Church, President of Unifire, states, “We are grateful for the many channels through which we are able to contribute meaningfully to the pandemic response efforts, having shipped approximately 4.7 million isolation gowns across the DLA C&T contracts since September 2020As a result of the recent contract awards, we have had the opportunity to further bolster our relationship with those who serve within DLA, and to forge a respectable reputation as a leading provider of critical pandemic relief solutions.”
Since my first introduction to Unifire approximately 8 years ago, I’ve been privy to the many facets of Unifire including its rapidly expanding government contracting business, and its foundational focus on solutions for Fire and Emergency Services. When I came onboard, part of my vision was to revitalize the core Unifire business – not as a replacement or a distraction from the lucrative world of government contracting, but as a complementary product offering. Though we remain laser focused on expanding the many opportunities we see across several procurement and supply contracts, as we grow and add to our team, we expect to uncover additional, accretive revenues streams to be captured though our core manufacturing division.
In just a few short weeks, we have made great strides in rebuilding our core product line and distribution network throughout China, India and the Philippines. Unifire’s Chief Operating Officer, Dan Raczykowski, states, “Over the next few months, we will be revamping our dealer network and introducing several new products to our lineup. Looking ahead, we envision leveraging our current domestic and international partnerships to accelerate the expansion our core-product distribution network throughout the world.”
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.com
Mission Ready Solutions Inc.
(Signed “Buck L. Marshall”)
Buck L. Marshall
President & CEO
Ph: +1 877.479.7778