FATS, Inc. (fka FATS)

[Bad cuda]

HMMMMMM

[Golden Cross]

FATS - United Kingdom Ministry of Defence Awards FATS, Inc. $9.2 Million Contract to Provide DCCT Upgrades
Wednesday September 13, 5:20 pm ET


SUWANEE, Ga., Sept. 13 /PRNewswire/ -- FATS, Inc. announced today that the Defence Procurement Agency of the United Kingdom has awarded FATS a contract amendment valued at approximately $9.2 million for upgrades to the Ministry of Defence Dismounted Close Combat Trainer (DCCT). The order will take approximately two years to fulfill with deliveries complete by mid 2008.



FATS, Inc. has delivered simulated training systems, continuous service support as well as system upgrades and improvements to the United Kingdom since 1992. These systems are used to train British military personnel who are deployed in Iraq and throughout the world. FATS has multiple orders to provide virtual training solutions to the UK MOD.

"This contract illustrates the continued confidence that the British military forces have in our technology, engineering and products," said FATS chief executive officer Ron Mohling. "FATS, Inc.'s long-standing relationship with the UK MOD demonstrates their commitment to effective soldier training as well as our ability to meet the demands of our military customers."

FATS began supplying Dismounted Close Combat Trainers to British military forces in 2001. FATS DCCT simulators train multiple soldiers at the same time using computer generated imaging and digital video technology. DCCT supports basic to advanced marksmanship, use of force judgment, shoot/don't shoot decision-making and small unit tactical training.

FATS, Inc., a subsidiary of Firearms Training Systems Inc. (OTC: FATS - News), is a leading technology company providing fully-integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS' state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves domestic and international customers from its headquarters in Suwanee, Ga. and has branch offices in Australia, Canada, the Netherlands and United Kingdom. The ISO-certified company was founded in 1984. For more information, visit www.fatsinc.com.

Except for financial information contained in this press release, the matters discussed may consist of forward-looking statements under the Private Securities Litigation Reform Act of 1995. The accuracy of the forward-looking statements, including statements regarding future events or the future financial performance of the Company, is necessarily subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors including those discussed above are: general business and economic conditions; the Company's success in competing for new contract awards; customer acceptance of and demand for the Company's new products; receipt and delivery of a sufficient level of orders from new and existing customers as well as satisfactory completion of delivery of a sufficient portion of backlog; the Company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the Company's products; and the risk factors listed from time to time in documents on file with the SEC. When used in this release, the words "believes," "estimates," "plans," "expects," "should," "will," "may," "might," "anticipates" or similar expressions as they relate to the Company, or its management, are intended to identify forward-looking statements. The Company, from time to time, becomes aware of rumors concerning the Company or its business. As a matter of policy, the Company does not comment on rumors. Investors are cautioned that in this age of instant communication and Internet access, it may be important to avoid relying on rumors and unsubstantiated information regarding the Company. The Company complies with Federal and State law applicable to disclosure of information concerning the Company. Investors may be at significant risk in relying on unsubstantiated information from other sources.


Media Contact
Marlena Reed
Communications 21
404.814.1330

[KeithCracker]

Firearms Training Systems sold for $144M

Meggitt-USA Inc. is pulling the trigger on a deal to acquire Firearms Training Systems Inc. for $144 million.

The boards of directors of both companies have approved the transaction, which is expected to be completed in the fourth quarter.

"A strategic merger with Meggitt significantly advances our continued strategy of expanding our worldwide customer base, leveraging our strategic partnerships, and otherwise growing beyond our historical roots as a small arms training company to lead the industry in virtual training solutions," said Ronavan Mohling, president and CEO of Firearms Training Systems. "Combining Meggitt's strong development and commercialization capabilities in the aerospace and defense industries with FATS' cutting edge technology in the virtual training solutions market, creates an excellent opportunity to leverage the significant strengths of both companies."

Mark Thierfelder and Paul Scrivano of O'Melveny & Myers LLP and Walter Jospin and Karen Leach of Paul, Hastings, Janofsky & Walker LLP served as counsel for Firearms Training Systems, while Houlihan Lokey Howard & Zukin Financial Advisors Inc. served as its financial advisor.

Suwanee, Ga.-based Firearms Training Systems (OTCBB: FATS) designs and sells virtual training systems that improve the skills of the world's military, law enforcement and security forces. It recently reported its first-quarter 2007 profit increased more than 230 percent to $30,000 on $16.9 million in revenue.

Simi Valley, Calif-based Meggitt-USA is a subsidiary of UK defense contractor Meggitt PLC (Pink Sheets: MEGGF). It had $120.9 million in revenue in 2005.

Published August 24, 2006 by the Atlanta Business Chronicle

[Chymber]

So what is the deal here. The keep PRing all these contracts etc and the price just goes down then down again
What the ???? is going on with this

[Chymber]

Yeah!!
A press release today what great news

[Golden Cross]

FATS Partners With The University of Findlay to Develop and Produce Simulated Firearms Training Courseware
Tuesday May 2, 4:38 pm ET


SUWANEE, Ga., May 2 /PRNewswire-FirstCall/ -- FATS Inc. today announced it has partnered with The University of Findlay to produce new video training courseware for various law enforcement and security markets.
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In addition to providing virtual training solutions for primary incident response unit personnel, including police departments, private-sector security, nuclear facility security, elementary and secondary school resource officers, and college and university campus security, the partnership will develop scenarios for use in the rehabilitation of Veterans Affairs medical center patients.

Under the direction of FATS' training development team, The University of Findlay's School of Environmental and Emergency Management will author customized courseware products to be used with the FATS virtual training system.

"The University of Findlay has a superior reputation in the emergency management community," said Ron Mohling, chairman and chief executive officer, FATS. "We are pleased to be working with them to increase our courseware offerings and expand the number and type of organizations that would benefit from realistic, relevant virtual training."

The FATS system is a cost-effective solution for marksmanship, decision- making and communication skills training. It tests responder reaction to simulated, yet realistic, situations. Law enforcement and security officers trained on the FATS system gain skills that improve their response to real- life incidents, enabling them to diffuse or deescalate confrontations and potentially eliminating the need to use force.

FATS and The University of Findlay's School of Environmental and Emergency Management will also examine other opportunities to combine their expertise to better serve the video scenario training needs of existing and potential markets.

About FATS Inc.

FATS Inc., a subsidiary of Firearms Training Systems Inc. (OTC Bulletin Board: FATS - News), is a leading technology company providing fully- integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS' state-of-the- art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves domestic and international customers from its headquarters in Suwanee, Ga. and has branch offices in Australia, Canada, the Netherlands and United Kingdom. The ISO-certified company was founded in 1984. For more information, visit www.fatsinc.com.

About The University of Findlay

School of Environmental and Emergency Management

Founded in 1882, The University of Findlay is the largest and most diverse private educational institution in northwest Ohio, with a total enrollment of more than 4,500 full-time and part-time students. Since 1986, the School of Environmental and Emergency Management has provided education, training and information-transfer programs focusing on environmental, safety and occupational health issues as well as security management, terrorism and disaster preparedness. In 2005, SEEM trained 8,400 people at 166 locations in 38 states and four foreign countries. For more information, please visit www.findlay.edu or http://seem.findlay.edu.

Except for financial information

[Golden Cross]

FATS Restructures Law Enforcement Sales Team, Adds Gary Thomas
Monday April 10, 5:22 pm ET


SUWANEE, Ga.--(BUSINESS WIRE)--April 10, 2006--FATS Inc. today announced the restructuring of its law enforcement sales team, which includes the addition of Gary Thomas as law enforcement accounts manager.
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The reorganization brings FATS' law enforcement sales team under Thomas' leadership and will allow the company to focus on strategic account management in federal, state and municipal market segments.

"This restructuring was a result of a changing market environment," said Bob Dare, vice president of global sales, FATS. "The sales force will now be channeled in a strategic direction that is focused on customer accounts without regard to region.

"FATS is committed to ensuring that our law enforcement customers have the most professional sales force available to respond to their needs. Gary Thomas' depth of experience will help build these important relationships within the law enforcement and security market segments."

Prior to joining FATS, Thomas was an executive with GLOCK and spent more than twenty years as a Bureau of Alcohol, Tobacco, Firearms and Explosives agent.

About FATS Inc.

FATS Inc., a subsidiary of Firearms Training Systems Inc. (OTC: FATS - News), is a leading technology company providing fully-integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS' state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves domestic and international customers from its headquarters in Suwanee, Ga. and has branch offices in Australia, Canada, the Netherlands and United Kingdom. The ISO-certified company was founded in 1984. For more information, visit www.fatsinc.com.

[Golden Cross]

FATS Wins $12 Million Contract with U.S. Marines Corps for Optical Equipment
Monday March 6, 5:00 pm ET


ATLANTA--(BUSINESS WIRE)--March 6, 2006--The U.S. Marine Corps (USMC) has awarded FATS, Inc. a contract valued at over $12 million to supply simulated weapons and courseware enhancements to be used with existing FATS' integrated synthetic training environment platforms.
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The contract calls for FATS to deliver over 1,250 FATS Bluefire® wireless weapon simulators, 4,350 optical adapters for day-and-night vision weapons optics and new training courseware. Delivery is scheduled to begin immediately and is to be completed by June 2006.

This first delivery of FATS developed advanced combat optics technology for military worldwide is a product of the commitment FATS has made to R&D spending. FATS will provide the USMC with seven different types of combat optics to accommodate training on weapons systems currently used in operational commitments.

The deliverables will be a significant enhancement to the existing virtual training platforms previously supplied by FATS to the USMC. Most recently, FATS was also awarded a contract in October of 2005 to supply 65 portable virtual training systems to the Marines.

"FATS is pleased to once again expand our long-term relationship with the Marines. This contract demonstrates FATS' ability to deliver customer solutions quickly and provides a platform for further development of additional highly technical military training systems," said FATS chief executive officer Ron Mohling. "Like their counterparts in military organizations all over the world, the leadership of the USMC knows that advanced combat training in a virtual training environment contributes to the survivability and readiness of personnel, and increases the chances of a favorable outcome when engaged in a hostile situation."

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS - News), is a leading technology company providing fully-integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. The ISO-certified company celebrated its 20th anniversary in 2004. Visit www.fatsinc.com to learn more.

[Golden Cross]

It is coming around...another contract tonight IMO

[cosmoworld7]

any good this one?

[Golden Cross]

Shares Outstanding: 75.99M
Float: 15.21M

[Golden Cross]

Australian Defence Force Signs $8.5 Million Contract with FATS, Inc.
Tuesday January 10, 4:15 pm ET


ATLANTA--(BUSINESS WIRE)--Jan. 10, 2006--FATS, Inc. announced today that the Australian Defence Force (ADF) has signed an $8.5 million contract for turnkey operations and maintenance of Weapon Training Simulation Systems (WTSS) and maintenance of Indirect Fire Forward Observer Trainers (IFOT). The contract applies to 15 WTSS sites and 10 IFOT sites throughout Australia for the next three years.
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This award serves as a follow-on service and support contract for the WTSS and IFOT that the ADF initially awarded to FATS in 1999. FATS Australia Ltd, a subsidiary of FATS, Inc. will continue to execute the contract.

FATS first provided WTSS and IFOT to the ADF in 1999. In 2005, the ADF upgraded their fleet of WTSS to incorporate FATS latest simulation technology and also added Indirect Fire - Forward Air Control Trainer (I-FACT) to their virtual training capabilities.

"At FATS we aim to provide our customers with the best service available," explained Ron Mohling, FATS chairman and chief executive officer. "The ADF is a strategic customer of FATS and this new contract demonstrates the level of satisfaction provided by our customer support staff in Australia."

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS - News), is a leading technology company providing fully-integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. The ISO-certified company celebrated its 20th anniversary in 2004. Visit www.fatsinc.com to learn more.

[Golden Cross]

Firearms Training Systems, Inc. Reports FY06 Third Quarter Revenue and Earnings
Tuesday February 14, 4:36 pm ET


ATLANTA--(BUSINESS WIRE)--Feb. 14, 2006--Firearms Training Systems, Inc. (OTC: FATS - News) today reported earnings for the third quarter of its fiscal year ending March 31, 2006.
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Revenue for the third quarter was $16.6 million versus $21.5 million for the same period of the previous year. Operating income for the third quarter was $0.8 million versus $3.1 million for the third quarter of its 2005 fiscal year. Third quarter net loss applicable to common stockholders was ($0.1) million, or $0.00 per diluted share, compared with a net income of $1.1 million, or $0.02 per diluted share, for the same period of the previous year. The decline in revenue during the quarter is attributed to timing of new orders. International sales declined $4.9 million primarily due to the near completion of a large, long-term, percentage-of-completion contract in fiscal 2005.

Year-to-date revenue was $55.9 million versus $60.4 million for the same period of the previous year. Operating income for year-to-date was $4.2 million versus $7.3 million for the same period in fiscal 2005. Year-to-date net income applicable to common stockholders improved by $0.8 million to $1.0 million, or $0.01 per diluted share, compared with a net income of $0.2 million, or $0.00 per diluted share, for the same period of fiscal 2005. This improvement reflects lower debt costs and the elimination of mandatory preferred stock dividends associated with our prior Series B Preferred Stock.

Ronavan R. Mohling, the Company's Chairman and Chief Executive Officer stated, "Even though the quarter's revenue was less than expected, we feel good about continued momentum in new orders. We are very pleased that new bookings for the quarter were $29.0 million. Year-to-date new bookings are $63.4 million, an increase of 19% versus the same period last year. As a result of higher bookings, our backlog at the end of December was $66 million, an increase of $13.8 million from last year. New bookings from our long-time customers, including the UK Ministry of Defence, the New Zealand Army and the Australian Defence Force, demonstrate the continued strength of our strategic relationships. Our R&D commitments, operational improvements and quality initiatives remain on track."

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS - News), is a leading technology company providing fully-integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered simulated weapons, FATS' state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. The ISO-certified company celebrated its 20th anniversary in 2004. Visit www.fatsinc.com to learn more.

[Golden Cross]

Income Statement Get Income Statement for:




View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Dec-05 30-Sep-05 30-Jun-05 31-Mar-05
Total Revenue 16,632 22,700 16,539 29,195
Cost of Revenue 11,176 15,104 10,872 17,730

Gross Profit 5,456 7,596 5,667 11,465

Operating Expenses
Research Development 1,132 995 1,403 1,294
Selling General and Administrative 3,572 3,696 3,715 4,373
Non Recurring - - - -
Others - - - (352)

Total Operating Expenses - - - -


Operating Income or Loss 752 2,905 549 6,150

Income from Continuing Operations
Total Other Income/Expenses Net (48) (181) 236 (1,089)
Earnings Before Interest And Taxes 704 2,724 785 5,061
Interest Expense 977 921 902 (71)
Income Before Tax (273) 1,803 (117) 5,132
Income Tax Expense (175) 719 (126) 1,878
Minority Interest - - - -

Net Income From Continuing Ops (98) 1,084 9 3,254

Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income (98) 1,084 9 3,254
Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares ($98) $1,084 $9 $3,254

[Golden Cross]

Fats Awarded $1 Million Contract from CUBIC Defense Applications
Friday March 3, 7:15 pm ET


ATLANTA--(BUSINESS WIRE)--March 3, 2006--FATS, Inc. has been awarded a contract valued at approximately $989,900 from the Simulation Systems Division of Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX: CUB - News). The contract calls for FATS to provide crew-served automatic weapons simulators in support of a Cubic contract with the U.S. Army. Cubic has a long-term contract to supply the Army with its Engagement Skills Trainer 2000 (EST 2000) training system.
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FATS will provide Cubic with simulators for M2, .50 Cal machine guns, and M249 squad automatic weapons. Deliveries are scheduled to begin in May 2006.

"FATS has been supporting Cubic's EST 2000 program since 1998. We are pleased to continue to play a key roll in this program," stated Ron Mohling, FATS Inc. Chairman and Chief Executive Officer. "Our partnership with Cubic will help assure that today's Army soldiers receive training using the world's best weapon simulators."

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS - News), is a leading technology company providing fully integrated, simulated training to professional military and law enforcement personnel. Utilizing quality engineered weapon simulators, FATS state-of-the-art virtual training solutions offer judgmental, tactical and combined arms experiences. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. The ISO-certified company celebrated its 20th anniversary in 2004. Visit www.fatsinc.com to learn more.