|By Marketwired .||
|August 20, 2014 02:21 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/20/14 -- Mission Ready Services Inc. (TSX VENTURE: MRS) - Mission Ready Services Inc. ("Mission Ready" or "MRSI" or the "Company") is pleased to announce that, through its wholly owned subsidiary 10-20 Services Inc. ("10-20"), in a teaming arrangement with prime contractor Carl Amber Brian Isaiah And Associates ("CBAIA"), (CBAIA and 10-20 collectively "Team Barstow"), Team Barstow has been awarded under Contract/Purchase Order/Agreement No. M67004-13-D-0029 up to $8.3 million to provide warehousing and operations support services to clean and launder, stock and store up to 7,800 pallets of Individual Protective Personnel Equipment (IPPE) for the Marine Corps Logistics Systems Command ("MCLC"). The first purchase order for $1 million has been issued to 10-20 Services to begin cleaning operations while Team Barstow assesses the full scope of cleaning required with additional purchase orders under the contract expected.
The equipment consists of Individual Clothing & Equipment ("ICE") currently stored at Marine Corps Logistics Base Barstow ("MCLB Barstow"), a United State Marine Corps supply and maintenance installation located east of Barstow, California.
Clay Williamson, President of 10-20 Services Inc., states, "We are thrilled that the US Marine Corps has joined the Special Operations Command in choosing 10-20 Services to restore their Individual Combat Equipment. The Marine Corps Logistics Command solicitation outlined stringent criteria for efficacy, efficiency, capacity and quality control. We are happy to have emerged as the winner, meeting or exceeding all of MCLC's requirements." With the expansion of 10-20's Joint Base Lewis-McChord facility in January and the extensive training of the personnel on-site, 10-20 is well prepared to handle the high volume of Marine Corps gear that must be processed.
In anticipation of significant growth for 10-20 from this contract and others that the Company is pursuing, 10-20 is securing additional equipment and staff to allow for continuous operations of up to 3-shifts per day, 7-days per week when required.
"This is an exciting milestone for the Company" says Rod Reum, President & CEO of Mission Ready. "This significant award coupled with our ongoing contract to clean and repair the US Special Operations Command SPEAR equipment at our JBLM and Fort Bragg facilities, helps to further broaden our business credentials within the various military communities and validates our technology. To date our advanced cleaning system has enabled us to place equipment back into service at approximately a 91% saving compared to replacement cost. We believe this award will be advantageous in gaining further recognition by the various military services and private organizations seeking to cut costs while maintaining the integrity of their equipment".
CBAI & Associates is a Service Disabled Veteran Owned Small Business which was established in Partlow, Virginia in 2005. CBAIA's core competencies are Logistics Management and Hardware Lifecycle Support. Primarily, CBAIA has focused on providing outstanding support to the Department of Defense. Their goal has always been to place the requirements of the war fighter and the customer first. This allows CBAIA to singularly focus on the needs and demands at hand. CBAIA is accustomed to providing their customers with world class service anywhere, and at any time. Trust and respect is an inherent philosophy which each CBAIA employee adopts and demonstrates. In 2005, CBAIAs efforts were honored with the United States Marine Corps Systems Command Global War on Terrorism Award for outstanding support services.
About 10-20 Services
10-20 was formed to provide services and product sales to the U.S. Federal Government and their contractors. 10-20 currently operates military cleaning and repair facilities adjacent both to Joint Base Lewis-McCord (JBLM) in Washington State and also Fort Bragg, North Carolina (the world's largest military base). Additionally, the Company operates a retail service center on the JBLM base and will be opening a service center on the Fort Bragg base in September 2014 to serve the individual soldier market and gain exposure for 10-20 Services at the base level.
About Mission Ready
MRSI was created to meet a critical need of one of the world's largest customers, the US Government and in particular the Departments of Defence, Homeland Security and Justice and various other agencies such as law enforcement, first responders and the many others worldwide that help to safeguard our health and security.
Headquartered in Vancouver, BC, MRSI has three distinct, synergistic operating divisions:
-- Strategic consulting services and manufacturers representation -- Equipment inspection, cleaning/decontamination and repair services of personal protection equipment -- Product research and development
MRSI's mission is 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.
MRSI'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.
Mission Ready Services Inc.
Rod Reum, President & CEO
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.
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