Posted by: joseph
on Mar 21, 2011 | Tagged in: Press Release
Don Andrus, VirTra Systems’ President and COO(VTSI.PK) today announced that VirTra has sold and installed a VirTra 300 LE, five- screen use-of-force firearms training simulator to the City of Henderson, Nevada. VirTra is the only company that produces a five-screen judgmental use of force simulator with seamless video in the industry, making it far more realistic, challenging and demanding than traditional simulators – there simply is not a better level of preparation for law enforcement.
The City of Henederson’s top tier police department will now be training on one of VirTra’s world-class VirTra 300 LE police training simulators with a borderless screen upgrade and full HD platform sound effects for complete auditory immersion. This fully immersive fivescreen, ultra-realistic law enforcement use-of-force simulator, is equipped with recoil kits, return fire simulation (Threat-Fire™) devices, multiple tetherless firearm recoil kits, a training TASER® package, OC and low light, firearm refill and recharge stations and any other advanced options for optimal training like tetherless recoil kits for Glock, Sig Sauer and the M16 family of firearms. Year 2 and year 3 warranties were included to support 3 years of 100% up-time at no further expense to the City of Henderson.
This purchase further demonstrates the continued need for progressive Law Enforcement Training in the U.S. After demonstrating the VirTra 300 LE to the City of Henderson at VirTra’s new facility, Don Andrus President and COO said, “It is a distinct pleasure to deal with Law Enforcement professionals like the City of Henderson Police Department, we are honored to be a part of their team.”
Posted by: joseph
on Mar 16, 2011 | Tagged in: Press Release
Don Andrus, VirTra Systems' COO and President (PINKSHEETS: VTSI), today announced that VirTra has made sales of its breakthrough range product, VirTra Range(TM), to two of the company's largest customers.
Gander Mountain has installed or placed new orders for a total of 36 lanes of VirTra Range(TM) -- to be completed by the end of May. These Ranges are or will be in the Gander Mountain Academies as the national rollout continues.
Also, VirTra's longest running distributor in Mexico, Lonexi, ordered two VirTra Range(TM) lanes for its own showroom within hours of seeing the product in action for the first time. Lonexi is also the company that purchased the very first VirTra 300 simulator in 2004. The VirTra 300 simulator is the most challenging and realistic judgmental use of force simulator in the world and Lonexi has purchased multiple simulators from VirTra since then.
Virtra Systems is proud to announce the development and completion of a new design of virtra.com. This website design has been developed to be more intuitive, visually appealing, and finder-friendly than previous versions.
We have added a more interactive blog, where Virtra can provide law enforcement, military, and all interested with the latest in news, events, awards, and more regarding our developments.
Posted by: joseph
on Mar 11, 2011 | Tagged in: Press Release
Bob Ferris, VirTra Systems' CEO and Chairman (VTSI.PK), today announced record setting results for 4th quarter 2010 as well as for the 2010 year end results.
For the quarter ending December 31, 2010 and 2009, gross revenue grew 58% from $1,476,256 to a record $2,337,523, due to successful marketing and sales efforts.
For the year, total revenue grew from $4,611,617 to a record $6,594,958 for 2010.
General and administration costs increased by just over $1 million for the year as the company accelerated hiring personnel, advertising expansion, additional facilities and other costs to accommodate the commencement of the largest project in our history, the Gander Academy rollout. In spite of these costs, net income from operations still increased from $1,472,458 in 2009 to $1,514,972 in 2010. Net income for the company in 2010 exceeded $1 million.
Posted by: joseph
on Mar 04, 2011 | Tagged in: Press Release
Bob Ferris, VirTra Systems' CEO (VTSI.PK), today announced that VirTra is now a debt-free company. VirTra has paid $121,254.17 to the IRS, which is the final payment needed to eliminate that liability. As of today, in all accounts both past and present, VirTra is in good standing with the IRS.
In addition, VirTra announced today that they have sold back the land to the original landowner. The land was purchased to permit expected expansion, however, the unexpected Gander Mountain Academy rollout required VirTra to obtain a larger facility in a short period of time, rather than having time to build on the land. VirTra no longer has the liability or asset associated with the land.
When new management took control of the company in 2008, VirTra had liabilities that totaled approximately $4.645 million, today the company is completely without debt after strategically and systematically eliminating IRS, Dutchess and all other previous debts from VirTra’s path forward.
