VANCOUVER, BRITISH COLUMBIA – July 31, 2018 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV:MRS) announces that it has entered into:

(a)     a non-binding letter of intent to acquire (the “Acquisition”) Unifire, Inc., a company based in Spokane, Washington (“TargetCo”);

(b)     a non-binding term sheet (the “Term Sheet”) pursuant to which Zenith Insured Credit, LLC, a New York-based trading and specialty finance company (the “Creditor”), will provide TargetCo with a new USD$20 million asset-based credit facility (the “Credit Facility”);

(c)     an engagement letter (the “Engagement Letter”) with Bay Crest Partners, LLC, a New York-based FINRA registered broker-dealer and financial services firm (the “Agent”), to complete a private placement of up to USD$15 million (the “Offering”); and

(d)     a fee agreement (the “Fee Agreement”) pursuant to which Celadon Financial Group, LLC, a FINRA registered broker dealer (“Celadon”) identified qualified investors and other broker-dealers in connection with the Acquisition.

The Acquisition

On April 19, 2018, the Company entered into a non-binding letter of intent to acquire all of the issued and outstanding shares in the capital stock of TargetCo. The Acquisition is to be completed as a reverse-triangular merger under applicable Washington corporate law with TargetCo becoming a wholly-owned subsidiary of the Company. The purchase price of the Acquisition is an estimated USD$9 million, subject to customary purchase price adjustments. Of the USD$9 million purchase price, USD$4 million is to be paid and satisfied in cash and USD$5 million is to be paid and satisfied through the issuance by the Company of approximately 26,315,790 common shares in the capital of the Company with a deemed issuance price equal to USD$0.19 per share (CAD$0.25 per share using an exchange rate of 1.32). The cash portion of the purchase price is currently expected to be funded by a portion of the net proceeds raised as part of the Offering.

TargetCo specializes in providing mission critical equipment and services to the US and international militaries, law enforcement, tactical groups, fire and rescue, utilities, power generation nuclear and hydro power plants, as well as the public.  TargetCo’s trailing revenue for the 6-month period ending June 30, 2018 was approximately USD$18.3 million and its net income for the same period was approximately USD$750,000.

The Acquisition, if completed, is a strategic transaction for Mission Ready, as it would significantly increase Mission Ready’s sales and would provide privileged access to valuable contracts that are set aside for small business, which contracts might not otherwise be available to Mission Ready.  These contracts from the most recent 5-year renewal period, which are valued at over USD$10 billion, continue to be awarded to a small number of eligible participants in advance of the next renewal date, which is expected in 2019.

Jeffery Schwartz, President & CEO of Mission Ready, states: “The Mission Ready team is keenly focused on the targeted growth and development of the Company’s expanding portfolio of leading personal protective solutions.  To support this growth plan, we have put in place an experienced senior management team and Board of Directors that possesses strong industry relationships and contacts to translate into future sales and business development opportunities.  We are now seeing the benefits of this strategy both organically, by working directly with customers and distribution partners in order to grow our sales channels, and now through this potential strategic acquisition, which would become additive to our overall long-term vision and strategy. If completed, this acquisition would immediately provide Mission Ready with a high level of contract past-performance and will open doors for the Company to participate in opportunities that would not otherwise be available to Mission Ready. We are excited at the prospect of ultimately combining and leveraging our resources and connections with those of Unifire to grow their revenues and expand the business as a wholly-owned subsidiary of Mission Ready Solutions Inc.”

The Acquisition, including the payment of the purchase price, is subject to approval of the TSX Venture Exchange (“TSXV”). The Acquisition is also conditional upon receipt of all other applicable regulatory and third party consents, completion of satisfactory due diligence by the Company and the execution of definitive legal documentation by the parties. The Company believes that the Acquisition constitutes a Fundamental Acquisition, but will not constitute a Non-Arm’s Length Transaction and will not result in a Change of Control as defined by the TSXV’s policies.

Additional detailed information about the Acquisition, including financial information of TargetCo, will follow upon the entering into of definitive legal documentation.

The Credit Facility

The Company has entered into the Term Sheet for the provision of the Credit Facility, which is to be used primarily to fund the operations of TargetCo following the completion of the Acquisition.  In connection with the Credit Facility, the Creditor is to have first lien security against all of the assets of TargetCo, and other security to be determined following completion of the Creditor’s due diligence. The borrowing base for the Credit Facility will be equal to 80% of eligible receivables and up to 100% of the costs of goods on purchase orders received.  The fees associated with the Credit Facility will include a factoring fee computed with respect to accounts receivable borrowed against and a purchase order fee computed with respect to advances made against purchase orders, both of which are at competitive rates.  The Credit Facility is expected to require TargetCo to have orders of a minimum of USD$100 million within the first 15 months from the first date of accessing the Credit Facility, failing which TargetCo will be required to pay a 0.5% penalty on the face value of the orders received during such 15-month period.  The Credit Facility is subject to receipt of all necessary approvals, including the approval of the TSXV, as well as satisfactory due diligence by the Creditor and the entering into of definitive legal documentation.

The Offering

The Company has entered into the Engagement Letter with the Agent, pursuant to which the Agent is to act as the exclusive placement agent with respect to a private placement financing. The Engagement Letter contemplates that the private placement will be of equity, equity-linked debt, convertible securities or other securities issued by the Company (the “Securities”) at a price or conversion price, as the case may be, to be determined by the Company and the Agent, which price will be finalized in accordance with the TSXV policies, for gross proceeds of up to USD$15 million.  The Offering is to be conducted on a “reasonable efforts” basis.

As compensation for its services, the Agent will be entitled to fees equal to 6.0% of the gross proceeds raised in the Offering. The Agent will also be reimbursed for its reasonable expenses incurred as part of the Offering.  Pursuant to the Fee Agreement, the Company is to pay a commission equal to 2.0% of the gross proceeds raised in the Offering to Celadon.  All such fees and commissions are payable in cash upon closing of the Offering.  Celadon shall also separately receive a fee directly from the Creditor for assisting in obtaining the Credit Facility.

The Company anticipates that it will use the gross proceeds of the Offering to pay the cash portion of the purchase price for the Acquisition (USD$4 million), to pay certain debts and obligations of TargetCo (approximately USD$6 million), and to use the remainder primarily for fees, commissions, and working capital and general corporate purposes for the next several months of operations of the TargetCo business (up to USD$5 million).

The Offering is subject to receipt of all necessary approvals, including the approval of the TSXV.  All securities issued in connection with the Offering shall be subject to a four month statutory hold period.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States.  Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

Completion of the Acquisition, the Credit Facility and the Offering are subject to a number of conditions, including but not limited to, execution of definitive documentation and receipt of all applicable regulatory and third party consents. There can be no assurance that the Acquisition, the Credit Facility and/or the Offering will be completed as proposed or at all.

Firearms industry executive, Jonathan Mossberg, assumes the helm of Kalashnikov USA in a move to aggressively place the firearms manufacturer as a leading supplier of small arms.

Pompano Beach, Fla. (July 2018) – Kalashnikov USA, designers and manufacturers of AK style shotguns, rifles and pistols paying homage to an iconic Russian design, proudly announce firearms industry veteran, Jonathan Mossberg, has assumed the position of CEO for the company.

Mossberg has worked his way through the firearms industry from factory level, manufacturing, operations, R&D, financial and sales and marketing to executive positions in business development, acquisitions, engineering and as president of several corporations. From start-ups to mature companies and companies on the verge of bankruptcy, he has driven revenues and innovation, leading these companies to experience exponential and sustainable growth. Mossberg holds several US and International patents and has sat on several industry boards including the National Shooting Sports Foundation (NSSF), the Sporting Arms and Ammunition Manufacturers Institute (SAAMI) and the Wildlife Management Institute. He has also authored several published papers through the National Institute of Justice Library.

“I am thrilled about taking on this leadership role within Kalashnikov USA,” Jonathan Mossberg added. “It is imperative that we meet and exceed our customers’ expectations by designing and producing excellent quality firearms. My goal is to grow KUSA into a world-class firearms manufacturing company.”

Mossberg’s first call to action as the new CEO will be to review and expand KUSA’s R&D capabilities, incorporating his extensive knowledge of research and development, supply chain management and fiscal responsibility. In recent years, Kalashnikov-USA has released several firearms designed based on the DNA of the renowned Russian AK design including the KS-12 Shotgun based on the Russian Saiga series, the KR-9 9mm semi-automatic rifle based on the Russian Vityaz-SN submachine gun and the pistol version, the KP-9. Mossberg intends to improve and expand the current line – with a USA made AK-47 next in line.

The challenges Mossberg faces in a soft firearms market are many, and executives at Kalashnikov USA are pleased to have a multi-faceted and experienced leader drive Kalashnikov USA to the next level with increased production, quicker turn-around time, and more innovation in new product offerings to their commercial, law enforcement and military customers.

Find out more about Kalashnikov-USA at www.kalashnikov-usa.com

Post Falls, ID — Monday, July 30, 2018– Buck Knives, leader in sports cutlery, is pleased to announce that Lindsey Phelps has joined the company as International Sales Manager.

“We are extremely excited to have Lindsey come on board with Buck Knives,” said Mike Silverberg, Vice President of Sales.  “She brings a wealth of knowledge and experience relating to international sales, marketing, and distribution.  Her ability to forge strong relationships will serve as a great asset towards supporting our overseas customers and executing our plans for growth.”

Prior to joining Buck Knives, Phelps spent 12 years with CRKT.  She served as international sales manager for a majority of that time, yet her background also includes responsibilities in brand management, public relations and customer service.  Phelps holds a B.A from University of Idaho and is an avid outdoor enthusiast.

In her new role, Phelps will be responsible for working with Buck’s industry leading network of overseas distributors to support their efforts and identify new growth opportunities.  In accordance to executing the international business plan she will outline action plans pertaining to sales, marketing and distribution strategies, and travel to key markets to coordinate with Buck’s international partners.  She will also work closely with Buck’s internal customer service, marketing, and shipping departments to ensure the highest level of efficiencies for customers.

“I’m thrilled to join Buck Knives and be part of an exceptionally talented team,” said Phelps.  “Exploring new opportunities in international markets on behalf of such an iconic brand is exciting.”

Silverberg adds, “Buck Knives has been exporting for over forty years and has a high level of brand awareness in global markets.  Made in USA is one of our key advantages.  Customers know that Buck delivers high quality and with our country of origin stamped right on the blade, they know what they are getting.  With new investments in our factory and continual product innovation, we are poised for additional growth in sales and market share.”

buckknives.com