Mission Ready Announces Appointment of James Marks as Interim CEO, Resignation of Jeffery Schwartz as President and CEO
July 28 2020 - 7:16AM
Mission Ready Solutions Inc. (“
Mission Ready” or
the “
Company”) (
TSXV: MRS)
announces that, effective August 7, 2020, James A. Marks will
assume the role of interim Chief Executive Officer
(“
CEO”) of the Company. To facilitate this
change, Jeffery L. Schwartz has tendered his resignation as the
Company’s President and CEO, effective August 7, 2020, but will
remain a member of the Company’s board of directors (the
“
Board”).
Mr. Schwartz has served as the Company’s
President and CEO since March 2017, during which time he has led
the Company to new heights and presided over impressive revenue
growth, with 2019 revenues reaching CAD $21.19 million, a 588%
increase over the previous year.
“We are forever grateful for Jeff’s devoted and
faithful service to the Company and we wish him all the best in his
future endeavors,” states James Marks, a Director of Mission Ready.
“It’s now time to transition to a new leader with deep leadership
and organizational skills to continue to build and to stabilize the
platform.”
Jeffery Schwartz, President and CEO of Mission
Ready, states “Its has been a pleasure and truly an honor to help
build Mission Ready to the point its at today. It is with mixed
emotions that I step aside as President and CEO. I will certainly
miss the great folks I’ve had the pleasure of working so closely
with during the past 3 years but I am also very much looking
forward to spending more time with my immediate and extended
family. As for the Company’s future, I have full confidence in my
fellow directors to identify an excellent candidate to lead the
Company forward at this exciting and opportune time.”
Since joining the Company’s Board in June 2018,
Major General (Retired) James A. Marks has contributed immeasurable
value to Mission Ready, lending extraordinary insights and
expertise gained throughout 30 years of service with the United
States Army. General Marks served in the United States Army holding
every command position from infantry platoon leader to commanding
general and was the senior intelligence officer during the LA
Riots, in the Balkans, Korea, Iraq. He is an Honor Graduate of the
US Army’s Ranger School and a member of the Military Intelligence
Hall of Fame. General Marks has a Bachelor of Science degree in
Engineering from the United States Military Academy at West Point,
NY and a Master of Arts degree in Foreign Affairs from the
University of Virginia.
Additionally, the Company announces that it has
granted incentive stock options (the “Options”),
pursuant to its stock option plan (the “Plan”),
for a total of 400,000 common shares of the Company, to a director
and officer of the Company. The Options, subject to the terms of
the Plan and the corresponding option agreement, are exercisable at
a price of CAD $0.15 per share for a period of up to five
years.
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 Special
Operational Equipment (“SOE”) Tailored Logistics
Support (“TLS”) contract administered by the
United States Defense Logistics Agency (“DLA”),
and Multiple Award Schedule contracts administered by the United
States General Services Administration
(“GSA”).
Mission Ready’s wholly-owned subsidiary,
Unifire, Inc. (“Unifire”), is one of six
companies, globally, authorized to provide equipment and designated
services under DLA’s SOE TLS program. 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. As an incumbent awardee of the SOE TLS contract, 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 Relations
T: 1.877.479.7778 – Ext 5E: IR@MRSCorp.com
Mission Ready Solutions
Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,President & CEOT:
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.
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