– CANADA, Vancouver – Mission Ready Services Inc. (TSXV:MRS), today announced the addition of Anthony J. Walton to the Company’s Board of Directors, effective June 1, 2018, and the completion of the previously announced name change, effective June 5, 2018.
Anthony Walton is Vice Chairman, Americas, for Standard Chartered Bank, where he maintains the Bank’s relationships with its key corporate and financial clients and guides strategic direction for the Americas. He also plays a critical role in developing businesses between the Americas and Asia, in particular China, for the Bank and its clients.
Mr. Walton has over 40 years of commercial and investment banking experience. He started with Chase Manhattan Bank in New York in 1966 where he assumed multiple worldwide assignments over his 16-year tenure. His final role at Chase was Senior Vice President and CEO of the Global Trade Finance Group, which he founded in more than 40 countries. From 1983 to 1993, Mr. Walton was Chief General Manager, Americas and Europe, of Westpac Banking Corporation and served on the main Board of Directors of Westpac in Sydney, Australia. Later, Mr. Walton served as CEO of a private investment bank owned by members of the Wal-Mart Walton family, and then as CEO of the Caspian Group, an emerging markets investment bank in 20 countries. Mr. Walton serves on the board of New York City’s Financial Services Advisory Committee, the China Business Initiative Advisory Board of Columbia Business School, the American Australian Association, and the Episcopal Charities of New York City.
Mr. Walton has also been appointed as the Chair of the Company’s Audit Committee.
Vitor Fonseca has announced that, effective May 31, 2018, he will resign from the Company’s Board of Directors and move to its Advisory Committee. Mr. Fonseca stated that he is stepping aside to facilitate the appointment of Mr. Walton. Management wish to express their sincere appreciation for Mr. Fonseca’s longstanding dedication to the Company since joining the Board in 2013. “We are very grateful to Mr. Fonseca for his years of service to the Company and are pleased that he will continue to offer his breadth of knowledge and insight in an advisory capacity going forward,” states Jeffery Schwartz, President & CEO of Mission Ready.
Mission Ready reports that it has appointed Joe Reid, an industry veteran with over 40 years of apparel manufacturing experience, as its new Director of Manufacturing. Beginning with the Company’s current facility in Jacksboro Tennessee, Mr. Reid will be responsible for overseeing the expansion of the Company’s manufacturing operations through the implementation of processes to increase output capabilities, decrease costs and leverage resources for maximum efficiency.
Mr. Reid’s history of success in managing all aspects of global manufacturing operations – from initial launch to quality control programs to logistics – spans multiple countries, with his most recent posting in Puerto Rico with Propper International where he strategically leveraged his operational expertise resulting in significantly lower overhead costs and increased revenues. “Mr. Reid’s proven acumen for sourcing product components and establishing strategic relations will help to lower costs and expand the Company’s product catalogue and global extension,” states Jeffery Schwartz. “Adding Mr. Reid to the Mission Ready team further strengthens the Company’s manufacturing operations and subcontractor relations which will be pivotal in facilitating the timely delivery of orders in the current and projected sales pipeline.”
Mission Ready is pleased to announce that, further to its news release of May 25, 2018, the Company will change its name from Mission Ready Services Inc. to Mission Ready Solutions Inc., effective June 5, 2018, as part of the Company’s re-branding initiative.
The Company’s trading symbol will remain as “MRS” on the TSX Venture Exchange (“TSXV”). The CUSIP number for the Company’s common shares is 60511F102 and ISIN is CA60511F1027.
The Company has been advised by the TSXV that the shares will trade under the new name effective at the opening of trading on June 5, 2018.
Jeffery Schwartz states, “The name change to Mission Ready Solutions Inc. reflects the Company’s global focus and comprehensive offering of tech-centric defense solutions. We look forward to rolling out additional brand enhancements during Q2 and Q3 2018 as part of our new – cohesive and integrated – corporate, web and product marketing strategy.”
About Mission Ready Services Inc.
Headquartered in Vancouver, British Columbia, Canada, Mission Ready innovates and manufactures leading tech-centric defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first-responders and all those who protect us by equipping with the next generation of personal protective technologies.
Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments; Innovations & Development, Prototyping & Manufacturing, and Product Sales.
Mission Ready trades on the TSX Venture Exchange under the symbol MRS.
For more information : http://www.missionready.ca
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