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Another Security training academy.....Seeing a pattern here.
http://www.sintexsecurity.com/virtra.html
Is there any new info here....can someone here translate???
http://www.andreusoler.com/tactical_online/to2012/07_TO_2012_JUL.pdf
Thanks
Untill management can prove themselves I'll be on the sidelines. Virtra reminds me of the Dallas cowboys lots of potential but just cant make it work(FYI GO Skins!! ;)....it all boils down to coaching and leadership!!!
I don't see why anyone would buy right know unless they know something.....and it appears no one knows anything.
I just got my email reply too! thanks
Hope your right!! hope once the audit is finished they are proacttive.... positioning 4-5 PR's within an few weeks to get the price up!! It doesn't take much to make a company appear healthy.
Hey PortGuy,
Miltech was posted back in 2009 see post 25843 .....Ed Dyer had nothing to do with that. What frusturates the piss out of me is what has this company been doing the last 7 months?? Audited 2011 Financials are suppose to be out by the 15th....holding my breath!
TommyBoy, It's on the RADAR....I'm going to look for it a little lower....The brand and revenues need to mature a bit to deserve a 36 million $$$ market cap.
Best Regards
Does RYU have Audtied or Unaudited financials?? Looks to be Unaudited...hope they get it together because it's an interesting Brand!!!
This may be another http://www.aasias.com/ These videos were loaded within the last three days...they have been translated and have their website/logo placed on the lower left hand corner. Products not on the website as of yet but maybe that will come later. Pure speculation on my part.
Tundra is the Canadian exclusive distributor of VirTra
http://www.tundra-security.com/training/virtra/
Could this be another partner based in the UK and Ireland? it's said it's a test page and their are no links to it from the the website. I can only assume their deciding on which option layout to use before publishing it. Just speculating. you'll notice virtras logo in the slides.
http://www.anderco.eu/first-response-test-page/
My point was that these infantry trainers could eventually incorporate a threat-fire like product into the system.
"This could incorporate shock or vibration technology, something that the military has been recently interested in adapting"
What are your thoughts?
Intelligent Decisions plans to integrate further haptic feedback in newer releases of the system — particularly in response to soldiers getting shot. This could incorporate shock or vibration technology, something that the military has been recently interested in adapting for counter-improvised explosive device training scenarios.
http://www.defensenews.com/article/20120612/TSJ01/306120012/Immersive-Training-Hasn-8217-t-Reached-Holodeck?odyssey=tab|topnews|img|Training%20&%20Simulation%20Journal
Good review from a few months ago
http://www.dcmilitary.com/article/20120309/NEWS07/703099999/nsasp-police-train-with-counterparts
Brown and the Quantico Marines saw immense training value in NSASP's new virtual training simulator. Acquired from VirTra Systems, the simulator offers a highly-realistic, cost-effective way to not only re-enforce law enforcement basics, but also test officers on applying those basic in diverse, customizable scenarios. Comparing the new system to its predecessors is a bit like comparing an Atari to the latest X-Box.
FYI, that's not my work.....I like to thank the anonymous poster who supplied us with the report.....
Please copy and repaste this into responses
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Re: Audit
New controller has only been on the job 23 days so that's a large reason for the delay. 2011 and first quarter 2012 will be done by approx. mid July. The intent is to have two years worth of audits 2011 and 2012 to be able to register for the OTC BB exchange without any reverse split. Going backwards and doing 2010 didn't seem to make as mch sense.
One caveat is that the Miller's Group continued involvement is contigent upon having audited financials. They do not work with companies that don't have audited financials. This was noted in response to a question about whether or not the Miller Group has done an assessment of strength and weaknesses of VTSI and Miller Group was rather emphatic that they have to have audited financials for this to happen
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RE: Gander and commercial sales
As part of the power point presentation questions regarding VTSI working relationship were pre-empted by Ferris pretty much as noted in the power point. In Q& A when the question was asked as to the existing tenor of the relationship betw VTSI and Gander, Ferris basically said if gander wants VTSI's state of the art equipment, Gander will come to them for it. There were a couple dissenting opinions expressed before the meeting regarding this. Regardless until gander builds facilities using another vendor's equipment, nothing definitive can be concluded about the state of this relationship. Ferris did note that VTSI's agreement with Gander was amended to allow for VTSI to pursue other commerical opportunites. This was a complete aside during the Q & A not connected to whether or not gander will or won't use VTSI in the future.
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RE: Lockheed and most recent website annoucment
Ferris read the news annoucement at the meeting. He referred to it as a "game changer". He cited how Lockheed has successfully utilizied smaller companies. According to Miller, Lockheed though doesn't allow smaller vendors to make news releases, so don't expect to see the website information in a broader PR.
In Q & A, a question was asked regarding Lockheed and Meggitt's relationship to which Ferris said he didn't know the nature of their relationship, but see that between Lockheed and VTSI as something completely separate.
Note: Miller, in general, has changed the PR policy, since previously unspecified news had been released prematurely. Therefore don't expect as many sales PR 's to be released until the sales are actually realized.
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RE: Sales to Law Enforcement
Ferris presenting a map demonstrated all the opportunites for sales. By noting how VTSI's simulators provide law enforcement agencies with legal protection against wrongful death suits as well as savings on ammunition, Ferris stated how even in this era of austerity, VTSI products were very marketable for their potential cost savings for these departments. He noted how sales strategies are being changed to take advantage of these opportunities. During Q & A he said these new strategies have already resulted in new sales.
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RE: Miller Group's Involvement
In Q & A Rudy Miller was asked about what he perceives to be VTSI strenghts and weaknesses to enhance or change moving forward to take VTSI to the next level. To which Miller responded that his compay only works with companies with audited financials, so as noted above, the audited financials are obviously a prerequisite for Miller's continued involvement.
He did though say to date a lot of Miller's role is to make the company more transparent to potential investors starting with the audit, which he said he'd rather get correct and a bit late rather than rushed and inaccurate. For transparency, it included having the correct attorneys, and reestablishing share holder mtgs plus trying to get more shareholder participationespecially in proxies.
All in all, my personal impression of Miller was a good one. He seemed quite legit wanting to get rid of the questions and any sense of shadiness that would keep investors especially institutional investors from investing. Again though he seemed a bit constrained until he gets the audited financials
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RE: Board of Directors
The last question posed in the Q & A was what were Jeff Brown's qualifications to be a Board Member to which Brown responded his role as a CPA in growing another unrelated company's revenues. Brown certainly didn't seem to have any expertise in any of Virtra's targeted sectors or any background in law enforcement or the military thus his presence on the board wouldn't raise VTSI's stature in these communities. he really seems like just a place holder who should be replaced as quickly as possible with someone who has more credibility. Is he a yes man for Ferris? Probably, and it seems that to a large degree for VTSI to move forward that Ferris has to be willing to reliquished some control of the baby he birthed and nurtured in his garage.
This was the first time I met Ferris in person. His presentation was competent, though not the most dynamic. He certainly wouldn't make any one forget Steve Jobs. Ferris doesn't seem to have that type of inspiring personality. At some point probably sooner than later, if Ferris wishes to maximize the value potential of the company (and his own shares), he'll realize his limitations, and find some one who is more inspirational with his leadership style. Some in attendence seemed to think that Ferris would never let go of his baby which he tends to micro manage too much.
Take it for whats it's worth but the big boys typically don't allow their vendors/suppliers to publicly PR anything over the wire..... Corporate updates and business development on the website are....
I'm curious which Sim will be sent to LMT orlando. I believe it to be the virtual lane-range as Meggitt has nothing like it in their portfolio....
I am assuming that each firing lane for the virtual sim is considered a simulator....thats the only way the numbers add up. I think shareholders would consider 6-8-or 10 lane simulator as one sim.
The post was deleted because the username was removed
Summary of deleted post per my recollection
power point part of the presentation was pretty straight forward. Though most of those points were elaborated on with a little more detail both during the presentation and afterwards with Q & A that was a good 45 mins to an hour.
Prior to the power point, a tally of the votes from the proxy were announced. By the bylaws, since there are approx 158 mill shares OS, 79 mill shares needed to be represented to have a quorum to act upon the proxy. However only 43 mill shares were represented by responses of yes, no, or abstain. Therefore the quorum on the proxy was not held.
The shares of people who did not respond to the proxy were not counted in any capacity for or against. Approx 26 mil more shares were required with responses either for, against or abstain.
Don't know checking into it
YUP!!! LMAO
Do you think audited financials will be out tomorrow or monday? how long will it take???
Felix, notice that the website was designed by virtra and not by a sublet designer. Appearing to be in house the updates should be quick and easy.
It's strange to see Virtra communicating and updating through the website.
http://www.virtra.com/virtra-systems-and-moultrie-police-department-are-partnering-to-present-a-regional-demonstration-to-showcase-the-virtra-300-le-training-simulator/
thanks Z
How much is this in american $$$$
Investment in Virtual Shooting Stand: the cost of the simulator is of 4,807,040 pesos, the cost of infrastructure is of 508 thousand 170 pesos, a total of 5,315,210 pesos.
here some feedback Vandenberg virtra 300....always good to here positive views.
"Great day on the 30 SFS firing range and in their new VirTra 300 advanced combat training simulator. Outstanding training!"
https://twitter.com/#!/14AF_CCM
https://www.facebook.com/notes/30th-space-wing-vandenberg-air-force-base-calif/santa-barbara-news-press-simulator-readies-airmen-for-combat-vandenberg-first-ai/10150565375928616
This isn't a conference call, u must attend
Did you go last year?
June 8th at 1:00 pm arizona time
IMO.....I think that was his point
The buyer isn't the patient type ;)
Z, A ramp up in sales to that degree would take years and I believe we would catch wind of this by jobs postings. That will be something we should watch...if LMT or other partner does place large orders Virtra will need to hire a dozen or so folks.
IMO.... If possible....I think the best thing for Virtra is to add an outside BOD from LMT......this could only help facilitate the relationship.