TEMPE, AZ – November 29, 2011 – VirTra Systems (VTSI.PK), a leading provider of firearms training systems to Military, Law Enforcement agencies and accredited criminal justice programs, today announced a contract award for a VirTra 300 use of force training simulator from Northwest College located in Powell, Wyoming.
“Northwest College is among a growing number of innovative criminal justice programs incorporating our use of force simulators to better prepare students for careers in law enforcement,” says Bob Ferris, CEO, VirTra Systems. “The VirTra 300 allows students to develop the decision-making skills required by officers in the real world.”
The purchase includes tetherless recoil kits that allow students to train with real firearms, TASER® and OC kits for non-lethal weapons training and VirTra’s patented Threat-Fire™ return fire system. Northwest College also selected accessories for low light training.
Posted by: stevenbshaffer
on Nov 24, 2011 | Tagged in: Blog
This week the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC), the world's largest modeling and simulation conference, began in Orlando, Florida.
I/ITSEC promotes cooperation among the Armed Services, Industry, Academia and various Government agencies in pursuit of improved training and education programs. The show has over 25K attendees from roughly 80 countries.
Posted by: stevenbshaffer
on Nov 17, 2011 | Tagged in: Press Release , News
TEMPE, AZ--(Marketwire - Nov 17, 2011) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of firearms training simulation systems to military and law enforcement agencies, today announced it has selected The Miller Group of affiliated entities comprised of Miller Capital Corporation, a well respected management consulting and strategic advisory, investor relations and venture capital firm and Miller Capital Markets, LLC, a FINRA member investment banking firm, to assist the company with its goals to expand its business, hone its financial strategy and strengthen its investor relations program.
Bob Ferris, President and Chief Executive Officer of VirTra Systems, stated, "At VirTra Systems we have strived to be leaders in the simulation market and therefore it was extremely important for us to locate the right partner to assist us through current and future growth opportunities and taking our business to the next level. We are excited to have found that partner in The Miller Group, with its proven track record in working with public middle-market companies and its experienced, professional executives who truly understand the opportunities and challenges facing growth companies." Mr. Ferris continued, "We believe VirTra's future is bright and we think The Miller Group's addition will help propel VirTra to new heights."
Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, commented, "We have monitored the progress of VirTra Systems for a few years and recently acquired shares in the open market through our venture capital entity. Our firm is extremely impressed with what Bob and his management team have been able to accomplish thus far and believe the company's products are setting the standard in the industry. Therefore, our firm is pleased to have been selected by VirTra Systems as its strategic and financial advisor, investor relations counsel and investment banker, as it is a distinctive company that has a number of compelling opportunities."
Posted by: stevenbshaffer
on Nov 15, 2011 | Tagged in: Press Release
TEMPE, AZ - Nov 15, 2011 - VirTra Systems (VTSI.PK), a leading provider of firearms training systems to military and law enforcement agencies, today reported financial results for the third quarter of 2011.
During this period, the company realized a net gain of $0.39 million or $0.0024 per share compared to a net gain of $0.38 million or $0.0025 per share for the three-month period ended September 30, 2010. For the nine months ended September 30, 2011 the company experienced net income of $1.14 million or $0.0072 per share compared to net income of $0.78 million or $0.0052 per share during the prior year period, an increase of 47%.
Posted by: stevenbshaffer
on Nov 08, 2011 | Tagged in: Press Release
TEMPE, AZ – November 8, 2011 – VirTra Systems (VTSI.PK), a leading provider of firearms training systems to Military and Law Enforcement agencies, today announced a contract award for a 180-degree weapon simulator from the United States Army, 834th Transportation Battalion.
“The marksmanship, collective training, and judgmental use of force training facilitated by our simulators assists operational effectiveness,” says Bob Ferris, CEO, VirTra Systems. “We are pleased that the U.S. Army selected the VirTra 180 to meet their critical training requirements.”
