VANCOUVER, B.C. – Mission Ready Services Inc. (“Mission Ready” or “MRSI”) is pleased to provide the following update on the operations of its wholly-owned subsidiary, 10-20 Services Inc. (“10-20″ or “the Company”).
10-20 has been providing services to one of the largest prime contractors of the US Army for the inspection, decontamination/cleaning and repair of gear returned from the field through SOCOM’S Special Operations Personal Equipment Advanced Requirements (SPEAR) program. 10-20 is cleaning and restoring SPEAR equipment at an average cost of 9% of its replacement value, saving the US Army SOCOM over $3.4 million in the past six months. 10-20 has recently been issued a purchase order to continue this service throughout 2014.
10-20 was also awarded a contract in October 2013 to clean interceptor outer tactical vests (“IOTV”) for the US Army and began work in December 2013. 10-20 cleaned 3,000 vests during the first month as part of a US Army program to clean 74,000 IOTV’s over the next 18-20 months. With an estimated replacement cost savings in excess of $50 million to the US Army, the total project value is approximately $1.9 million.
Led by retired US Army Acquisitions Corps Major Clay Williamson, 10-20 was formed to provide logistics services and product sales to the U.S. Federal Government and their contractors. Since inception, 10-20 has achieved and built upon numerous successes including the launch of military cleaning and repair facilities adjacent to both Joint Base Lewis-McCord (“JBLM”) in Washington and Fort Bragg, North Carolina – the world’s largest military base. Additionally, the Company operates a kiosk on the JBLM base to serve the individual soldier market and gain exposure for the 10-20 Services at the base level.
“There is a definite and immediate demand for the highly effective and cost efficient services that we are able to offer through 10-20 and we are working fast to deploy more cleaning systems in more regions across the US to meet this need. We are in the process of automating many systems such as process monitoring to free up personnel to continue their focus on quality and care while ensuring a quick turn-around for 10-20 clients”, says Clay Williamson, President of 10-20 Services Inc.
The Company currently employs 32 people, with 73% of these having a military affiliation as either a veteran or spouse of a current or retired soldier. The Company operates two shifts per day at the JBLM facility to process SPEAR and on-base kiosk gear. The 10,000 Sq Ft. Fort Bragg facility also operates two shifts and utilizes three Advanced Cleaning Systems. The Company employs a retired US Army logistics specialist and a retired US Command Sergeant Major to manage the Fort Bragg and JBLM facilities, respectively.
Rod Reum, CEO of Mission Ready states, “It is our intention to redefine the parameters by which military and first responder equipment is cleaned and repaired in terms of cost, quality, service and turn-around time. We have built a team of highly qualified individuals to help the Company achieve its aggressive growth strategy and continue to provide unparalleled services for soldiers and other first responders who serve to protect us.”
For further information, visit the Company’s website at MissionReady.ca or contact:
Terry Nixon – Director, Corporate Communications
Mission Ready Services Inc.
(signed “Rod Reum”)
President & CEO
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.