VANCOUVER, B.C. – September 22, 2016 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V: MRS) is pleased to announce that PTF Manufacturing Inc. (”PTFM”) has acquired certain manufacturing assets, trademark, customer list and 23 certifications of models that Comply with the U.S. Department of Justice, National Institute of Justice (“NIJ”) standard-0101.06 for ballistic-resistance of body armor of ForceOne, LLC (“ForceOne”).
ForceOne manufactured a full range of tactical solutions that will now be manufactured by PTFM in the Tennessee facility including modular tactical vests, rapid entry vests, tactical outer shell vests, protector vests, E.M.S. carrier vests, navigator vests, and flexible shields. In addition, PTFM will offer the ForceOne armor accessories, including custom-fit carrier shells, concealable ballistic panels, pockets, pouches, ID panels, and protective carrying bags.
“The strategic acquisition of the ForceOne assets will complement and greatly enhance PTFM’s portfolio of tactical solutions at this pivotal and exciting time for the company,” states Rod Reum, President and CEO of Mission Ready. “The highly regarded NIJ Certifications will be invaluable to the Company in further validating our products and our dedication to the highest quality standards in personal protective equipment and the added equipment rounds out that which is already in place giving us a state of the art facility that will lower our overall cost of production.”
Tags: ForceOne Armor, Mission Ready
Is it just me or has Mission Ready been buying tons of companies lately?
no they haven’t been buying tons of companies lately
the bought WildThingsGear Inc for $4.5M USD subject
to closing of financing
Convertible portion of it was 1million USD at .10 and .15 per share
they bought the assets and client/customer list and certification issuance by the National Institute of Justice and since it was an asset sale as ForceOne closed its doors in spring 2016 Mission Ready would have picked it up at a fire priced sale on this very valuable assets.
Mission ready will produce and sell and provide product to Force Ones customer base and the distibution channels Mission Ready just picked up thru this asset purchase was not only smart but will aid the companys pushing deeper into the military and law and enforcement sectors and adds scale to the manufacturing facility they just opened in Tennessee as well as the manufacturing facility they have in Mass thru the WildThingsGear Inc aquisition.
Former VP of Innovation for 25yrs at RBK who invented the RBK pump Paul Litchfield is the new COO of Mission Ready as of Aug 2016
He took RBK with the pump to over $1billion in revenue the first 12mths the RBK pump hit the sneaker store shelves and surpassed giant Nike for the first time in its operating history.
so …stay tuned.