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Posts Tagged ‘Wild Things’

Wild Things Calls Off Acquisition By Mission Ready Services

Tuesday, September 5th, 2017

Mission Ready not able to meet financial obligations to complete the deal.

Middletown, R.I., (July 28, 2017) – Wild Things LLC, a leading manufacturer of technical outerwear for the U.S. Military, law enforcement and consumer markets, today announced that its acquisition by an affiliate of Mission Ready Services (MRSI), signed on March 8th 2017, has been cancelled due to MRSI’s failure to pay the purchase price in accordance with the terms of the promissory note executed at closing. Per the terms of the agreement, Wild Things’ prior investors will receive a break-up fee from MRSI and will continue to operate the business independently from MRSI.

“This is a very disappointing outcome for all of the parties involved in this deal,” said Ed Schmults, President of Wild Things. “However, Wild Things will be fine back on our own. No customers, suppliers or employees will be impacted by this. Our bookings are up significantly so far this year and we are looking forward to continued growth and success.”

The two companies kept the Wild Things business separate pending full satisfaction of the promissory note so the operational impact to Wild Things is negligible. The two companies worked well together and intend to explore ways to work together in the future.

Warrior West – Wild Things White Out Overwhite Kit in MultiCam Alpine

Thursday, April 20th, 2017

Rather than traditional heavy, cotton overwhites which absorbe maisture and freeze, Wild Things makes their White Out Overwhite from a functional and durable 70-denier nylon fabric that is abrasion resistant and blocks the wind. Printed in MultiCam Alpine, it offers near IR suppression and the fabric is treated with a durable water resistant finish.

IMG_0980

The system consists of Jacket with helmet compatible Hood, Pants and Pack Cover. I like the simple design, with single pass through access.

Features:
• Top has a full front zip and and helmet compatible, adjustable, stowaway hood.
• Top also offers bilateral, angled 10” pass thru pockets for easy accessibility to vest or kit.
• Pants have a stretch waistband, and 18” ankle zippers for easy donning and doffing over boots. Grommets at cuffs allow for tie down under boots.
• Pants also have rear pocket and mesh lined, front hand pockets.
• All zippers covered for added protection and to eliminate straight lines through your camo
• Pack Cover comes in three sizes – S, M or L – to fit most packs

These are already in service with 1st ASOG. Interested units and agencies can purchase these through ADS Inc.

www.wildthingsgear.com

Mission Ready Announces Purchase of Wild Things Business

Tuesday, February 21st, 2017

VANCOUVER, B.C. – February 21, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) is pleased to announce that the closing of the previously announced acquisition of the business and certain assets of Wild Things, LLC (the “Transaction”) is scheduled for February 24, 2017 valued at USD $4.5 million.

Pursuant to the Transaction, Mission Ready is acquiring the business of Wild Things, LLC and certain assets including inventories, manufacturing equipment, patents, material contracts, intellectual property, current outstanding purchase orders and the 2017 sales pipeline. This transaction is preceded by the closing of an agreement between a Japanese trading corporation (name withheld due to legal requirements) and Wild Things, LLC for the sale of certain Wild Things trademarks in Asia, including China and Japan and an exclusive trademark license and distribution agreement. The Wild Things heritage logo has been marketed in Japan under license for the past 20 plus years and these efforts will now be expanded.

Rod Reum, CEO & President of Mission Ready states, “We are very excited to be adding such a premium brand as Wild Things to our portfolio to complement our Protect The Force brand. We extend a warm welcome to the talented team at Wild Things. The merger of Wild Things with Mission Ready will allow both Wild Things and our PTF Manufacturing Inc. to significantly expand their reach into their current markets as well as have new markets opened up for each entity.”

“This is a huge deal for Wild Things”, said Ed Schmults, CEO of Wild Things. “To have a global powerhouse for a distribution partner in Asia is very significant for us as well as for some of the product lines of Protect The Force. All of us at Wild Things are thrilled to be working with Rod and the MRS team. These are two complementary businesses that mesh very well together. I think the timing is excellent for MRS and Wild Things to combine resources and take advantage of market opportunities. This sale allows us to significantly strengthen our balance sheet, return capital to shareholders and invest in the growth and development of our business”, said Schmults.

License and Distribution Agreement
Further to a November 2015 agreement providing exclusive import/distribution and master license rights for the Wild Things heritage brand in the Japanese market and precedent to Mission Ready’s purchase, Wild Things, LLC was in negotiations to sell certain trademark rights for Japan and several other Asian countries and has recently concluded that sale. Outside of these countries Wild Things retains ownership and all rights for the rest of the World subject to a right of first refusal by our Japanese trading partner. The distribution agreement gives us an established single trading partner in the fast growing Asian outdoor retail market.

Payment Terms
The cash portion of the Transaction price, is provided by a small allocation ($350,000) from the brand rights sale as previously mentioned and a $4.15MM loan from Wild Things, LLC secured by the assets of Wild Things USA, a wholly-owned subsidiary of Mission Ready formed to facilitate the Transaction. The company will work to replace the Wild Things, LLC loan over the next several months.

Congratulations to all involved.

Mission Ready Announces Private Placement & Provides Wild Things Acquisition Update

Thursday, January 5th, 2017

VANCOUVER, B.C. – January 4, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) announces that it has arranged a non-brokered private placement of up to 11,000,000 units (the “Units”) at $0.10 per Unit for gross proceeds of up to CDN $1,100,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one share purchase warrant (each whole warrant, a “Unit Warrant”). Each Unit Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Unit Warrant Share”) at a price of $0.15 per Unit Warrant Share until December 21, 2018.

The Unit Warrants are subject to a forced exercise provision whereby, if the volume weighted average price for the Company’s common shares is CDN $1.00 or greater for a period of not less than 10 consecutive trading days from a date beginning 4 months and one day following the date of issue, and the Company so elects, the holders of Unit Warrants will have 30 calendar days to exercise all or a portion of their Unit Warrants. Any Unit Warrants remaining unexercised after the expiration of the 30-day notice period will be cancelled and will thereafter be of no force or effect.

The proceeds from the Offering will be used for the advancement and growth of the Company’s current initiatives, including manufacturing equipment, materials and working capital.

The Offering is subject to applicable Canadian prospectus exemptions being available along with a number of conditions, including, but not limited to, receipt of all necessary corporate approvals and TSX Venture Exchange approval. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Wild Things, LLC Acquisition
Further to the News Release dated September 1, 2016 announcing the signing of a Letter of Intent to acquire Wild Things, LLC, Mission Ready reports that the expected close date of Q4 2016 has been delayed to allow the completion of certain conditions precedent in the Asset Purchase Agreement (“APA”) with Wild Things LLC, including the execution of definitive agreements for the sale of selective brand name rights for certain East Asian countries to a strategic Japanese trading company. All third party negotiations and conditions of the APA are expected to be finalized within the next 30 days.

Wild Things – Overwhites

Wednesday, November 2nd, 2016

Earlier this week, someone mentioned overwhites in the comments. These Wild Things versions were developed in conjunction with an Air Force customer. They are manufactured from 70D ripstop nylon and include Pack and helmet covers. The overgarments integrate a zippered chest pocket and zippers on the trousers to facilitate donning and doffing.

Available in sizes S – XXL.

Available for order through ADS Inc.

Wild Things – Survivalist

Friday, September 30th, 2016

Made from PU coated 70D Nylon, the Wild Things Survivalist is a multipurpose item. It can be used as a poncho, shelter, ground cloth, etc. Yep, it’s an old school design, but it works.

The Survivalist measures 56″ x 87″ with the same corner grommets and snaps you remember from the old GI Poncho.

www.wildthingsgear.com

Wild Things – 1/4 Zip Power Stretch Pullover

Friday, September 23rd, 2016

Made from Power Stretch® by Polartec® which features 87% recycled fiber content, for those of you into thst sort of thing, Wild Thing’s 1/4 Zip Pullover incorporates four-way stretch and flatlocked seams to reduce chafing.

The 1/4 center front zipper is great for ventilation and has a fleece zipper guard. There’s also a left chest pocket with coil zipper along with thumb loops and a dropped tail to keep your lower back covered when you stretch.

www.wildthingsgear.com

Wild Things – Active Flex Jacket and Pant

Thursday, September 8th, 2016

If you’re looking for something practical to obligate End of Year funds toward, I present the new Active Flex Jacket and Pant from Wild Things. They showed me a prototype at Warrior East and I am impressed as there isn’t anything quite like this currently on the market.

The Active Flex garments feature an athletic fit with mechanical stretch in the fabrics throughout to accommodate movement. These garments are super breatahble due to the use of a Tweave soft shell (520e) and yet also provide warmth for static operations due to the PrimaLoft Silver Active insulation which makes them suitable for use as an outer layer when active or integrated into a layering system. For example, add a wind shell and you have a strong static insulator.

Materials Common To Both Pieces:
• Tweave Durastretch Soft Shell Fabric
• 2 oz Climashield® Apex® Insulation
• Polartec® Power Shield® liner
• YKK Zippers

Benefits
• Add a wind layer to convert to static insulation and for enhanced weather protection
• Designed for high metabolic activity – superb breathability reduces sweat build-up and the need for constant donning and doffing layers
• Excellent abrasion resistance of the soft shell outer layer
• Much quieter than typical nylon or polyester shell insulation

Jacket

It contains fully covered zippers, hidden cord lock adjustments to eliminate snagging, two hand warmer pockets set up high, inside chest pocket and a fully adjustable fitted hood that can be worn over a helmet.

Features:
• 4 way stretch, DWR and Near IR treated nylon soft shell fabric provides stretch and far more abrasion resistance than a traditional nylon or polyester woven shell fabric
• Lining fabric is bonded to 2 oz. Climashield Apex Insulation so insulation moves as you do.
• Power Shield liner fabric wicks and enhances breathability
• Articulated elbow for maximum movement
• Size adjustable waist and hood
• Hand warmer pockets set up high for comfort
• All zippers covered for added protection and to eliminate straight lines through your camo
• Fully adjustable helmet compatible hood
• Weight: 2.0 lbs

Pant

The pants have 2 hand pockets, articulated legs, belt loops, full waist adjustments, gusseted crotch, and zippered leg openings.

Features:
• 4 way stretch, DWR and Near IR treated nylon soft shell fabric provides stretch and far more abrasion resistance than a traditional nylon or polyester woven shell fabric
• Lining fabric is bonded 2 oz. Climashield Apex Insulation so the insulation moves as you do.
• Power Shield liner fabric wicks and enhances breathability
• Articulated knees
• Size adjustable waist
• Hand warmer pockets with zippered closures
• 10” leg zippers
• All zippers covered for added protection and to eliminate straight lines through your camo
• Weight: 1.13 lbs.

Offered in Coyote and MultiCam. Naturally, as with Wild Things products, these are Berry Compliant.

www.wildthingsgear.com