
VirTra Systems Appoints Chief Financial OfficerMarch 14, 2006ARLINGTON, TX - March 14, 2006 - VirTra Systems, Inc. (OTCBB: VTSI) today announced J. David Rogers as its chief financial officer.
Mr. Rogers, 52, brings nearly 30 years' experience in corporate accounting, international finance, and investment banking for both private and public entities, ranging from growth management of large, capital-intensive operations to successful mitigation of financially-challenged situations.
Since January of 2005, Mr. Rogers served as vice-president of corporate finance for CapNet Securities Corporation, a Houston-based NASD broker/dealer and investment bank. He previously served as an analyst for CapNet and The Dorato Group, a Houston-based consulting firm. Mr. Rogers, who received his bachelor of science and MBA degrees from Southern Methodist University, previously served in management capacities for Dresser Industries, NL Industries, and The Hughes Tool Company.
"We are pleased David has accepted this vital position in our growing company," commented L. Kelly Jones, VirTra Systems' chief executive officer. "As VirTra Systems matures and moves forward, and we complete the acquisition of Virtra Merger Corporation, David's experience and skill set will be immensely valuable."
"My tenure in the petroleum and manufacturing sectors has well prepared me to administer VirTra Systems' growing financial and accounting needs," commented Mr. Rogers. "In addition, through CapNet Securities, I already have working knowledge of VirTra Systems' and Virtra Merger Corporation's pending union, including its personnel, and I look forward to this increased role in the company's future."
"David will bring a needed level of sophistication to our financial affairs, and represents the first publicly-announced member of our post-merger management team," Jones concluded.
About VirTra Systems Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron™ Pizza, and the U.S. Army. For more information, visit www.virtra.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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