VANCOUVER, British Columbia, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V:MRS) is pleased to announce the appointment of Jeffery L. Schwartz, the Company’s President and CEO, as a member of the Company’s board of directors, effective immediately.
Jeffery L. Schwartz has an extensive background in all aspects of executive management and has served in director level positions for both privately held and publicly traded companies, most recently as President of LC Industries, a $380MM manufacturing and distribution business that grew from $50MM during his 10-year tenure.
With a strong focus on new business development and team building, Mr. Schwartz has developed several companies within the tactical armor industry and has a history of achievements in elevating similar-stage companies to great success in the defense industry.
The Company also announces that its Board of Directors have agreed to cancel CAD$161,400 in accrued directors’ fees owing to them, and also forfeit their entitlements for the month of September 2017, for an aggregate amount in fees to be cancelled and removed from the Company’s balance sheet of CAD$171,400. The cancellation of these fees will be reflected in the Company’s 3rd quarter financial statements, for the 3-months ended September 31, 2017, which are due to be filed November 29, 2017.
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 MissionReady.ca or ProtectTheForce.com.
Mission Ready Services Inc.
(signed “Jeff Schwartz”)
Jeff Schwartz,
President, CEO and Director
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.
CONTACT: Terry Nixon - Director, Corporate Communications Telephone: 1.877.479.7778
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