Posted by: joseph
on Apr 20, 2011 | Tagged in: Press Release
TEMPE, AZ – April 20, 2011 – Bob Ferris, VirTra Systems' CEO (VTSI.PK), today announced that VirTra has engaged the auditing firm of Moss Adams, LLP to perform a full financial audit of VirTra for both 2010 and 2011.
The audit of 2010 and 2011 is scheduled for completion in early 2012.
VirTra is also planning to register to become a reporting company once again with the U.S. Securities and Exchange Commission; the audit will be undertaken with this objective in mind. The audit and the registration as an SEC reporting company will be the next steps that VirTra will be completing in connection with a planned application to move onto NASDAQ as soon as possible in 2012. VirTra’s first step is seeking shareholder approval of a reverse stock split, which should elevate VirTra’s stock price to a level needed to meet NASDAQ requirements.
Posted by: joseph
on Apr 11, 2011 | Tagged in: Press Release
TEMPE, AZ – April 11, 2011 – Bob Ferris, VirTra Systems' CEO (VTSI.PK), today announced that VirTra has received a second large order from Gander Mountain. These additional Gander Mountain Academy locations will offer the most advanced and convenient firearms training ever made available to the public on a widespread basis.
A standard Gander Mountain Academy will include:
- Two VirTra 300 simulators with five screens and a host of skill drills and scenarios.
- Two VirTra 180 simulators with three screens and a host of skill drills and scenarios.
- Eight lanes of the VirTra Range simulator, an incredibly high-resolution and realistic simulated shooting range with a large variety of targets and courses of fire.
- Various recoil kits and accessories.
- The total dollar amount of this order exceeds $2 million.
Gander Mountain and VirTra worked jointly on a comprehensive provisional patent application covering all aspects of this groundbreaking project. Gander Mountain intends a wide-scale rollout over the next several years and will be announcing additional locations.
