CEO to Host Live Event with Q&A on
Thursday, June 2, 2022
VANCOUVER, BC, May 31, 2022
/CNW/ - Mission Ready Solutions Inc ("Mission Ready" or
the "Company") (TSXV: MRS) (OTCQX: MSNVF) (FSE: 2R4), a
provider of comprehensive government contracting solutions,
recently released its first quarter 2022 ("Q1 2022") financial
results for the three months ended March 31,
2022.
The following are highlights for Q1 2022 (all dollar figures are
quoted in Canadian currency unless otherwise specified):
- Gross revenues of $1.07
million
- Gross margin of 49% for the period
- 68% decrease in liabilities from the same period in
2021
- Net income of $0.28
million
- Adjusted EBITDA was $0.95
million
- $2.59 million working
capital (a decrease mainly due to cash payments related to the
debt settlement agreement with Product Sources Group, LLC and JD.
United Manufacturing Co. Ltd)
A copy of the unaudited condensed consolidated interim financial
statements for Q1 2022 and the associated Management's Discussion
and Analysis ("MD&A") are available on
SEDAR.com under the Company's profile.
Buck Marshall, President and CEO
of Mission Ready, will host a live Q&A period on Thursday, June 2, 2022, at 11:00 AM ET (8:00 AM
PT), where management from Mission Ready will be available
to answer questions. Questions can also be submitted prior to the
event at MRS-IR@MRSCorp.com.
To register for the event, please visit:
https://us06web.zoom.us/webinar/register/6116539626844/WN_N2YYQN1eR4mSRNJnuqQoDQ
About Mission Ready Solutions
Inc.
Mission Ready Solutions provides comprehensive government
contracting solutions with extensive experience in delivering
quality, reliable, mission-critical products and services for law
enforcement, firefighters, first responders, military, and other
governmental agencies.
Through its privileged access to a host of federal contracting
vehicles, including Multiple Award Schedule ("MAS")
contracts awarded and administered by the United States General
Services Administration, Mission Ready's wholly-owned subsidiary,
Unifire, Inc., leverages its robust vendor network, time-proven
industry relationships, proprietary technology infrastructure, and
industry-leading manufacturing and distribution capabilities to
efficiently source and deliver more than 1.5 million products.
For further information on Mission Ready Solutions Inc., please
visit MRSCorp.com.
You can also subscribe to our mailing list at
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Mission Ready Solutions Inc.
(Signed "Buck L. Marshall")
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
Information
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. 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.
SOURCE Mission Ready Solutions Inc.
