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Question:
Bob announced a while back that the Nasdaq approval was taking longer then they thought. Is that because the SEC has to approve Virtra first before Nasdaq approval or can they get SEC approved anyway and still be on the OTC?
Thanks
So since 2015 hen has sold about 130,000 shares? They does not seem like a lot shares sold in 3 years.
so how much are willing to sell your 300k shares for?
I believe Bob knows what he is doing and everything may not go as we want at all times...but in the long run i think all current shareholders will do
pretty great with this little gem.
Fish Chill out.
Stock up your happy ...stock down your not. Don't post much but give it a break. If you don't think Bob knows what he is doing then sell your shares and move on.
TORONTO — City police safety and use of force decisions during critical incidents are an ongoing source of concern for law enforcement officers and the public. Prior research in the area of police performance reveals that psychological and physiological stress responses during critical incidents can shape the outcome of the incident, either positively or negatively.
With that in mind, the city of Toronto and its police department are looking at new and improved technology that provides decision-based training to officers.
Mayor John Parker explained the city is looking into grant funding to purchase products by VirTra. VirTra provides law-enforcement organizations with use-of-force and weapons simulator training — from portable, single-screen firearms simulators to the most advanced 300-degree use-of-force simulator.
The police department is looking into acquiring VirTra’s top-of-the-line, 300-degree wrap-around video simulator, which will enable officers to train for the most difficult real-world situations, including ambushes, active shooters and maintaining full situational awareness during extreme stress. Officer presence, communication skills training, tactical de-escalation training, Taser and deadly force simulations are all available for police simulation using standard-issue weapons, according to Parker.
This new technology training program will not only give city officers the skills to conduct customized scenario-based training in-house, but it will provide the equipment needed to safely and effectively conduct this critical training. This is a cost-effective method of bringing scenario-based training, which replicates real-world, high-stress situations, to city law enforcement officers. Scenario-based training will give officers the opportunity to sharpen their decision making, team work, communications, de-escalation, and force-on-force, in a safe training environment.
VirTra Engages Hayden IR to Lead New Strategic Investor Relations Program
GlobeNewswire•September 14, 2017Comment
TEMPE, Ariz., Sept. 14, 2017 (GLOBE NEWSWIRE) -- VirTra, Inc. (VTSI), (the “Company”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, announced today that it has retained Hayden IR, a national investor relations consulting firm, to implement a strategic investor relations program grounded in best practices. Hayden IR will work to raise VirTra’s visibility within the investment community by strengthening its relationships and increasing Company awareness with the goal of ultimately enhancing shareholder value.
“Now that we have filed for our Reg A+ offering and are preparing to uplist to the Nasdaq, the board and management believed it was an appropriate time to embark upon a more proactive strategic investor program to help us reach new potential investors and effectively communicate our investment story,” said Bob Ferris, VirTra’s Chairman and Chief Executive Officer. “While we are pleased with our business progress to-date, resulting in revenue ramping to more than $15 million for 2016 and $9 million for the first half of 2017, we believe that we are well positioned to take advantage of an increasing number of opportunities in our current and future targeted markets. We are confident that through their national footprint, Hayden IR will help us effectively communicate our accelerated growth strategy, business objectives and corporate milestones to a wider audience of sophisticated investors.”
About Hayden IR
Hayden IR is a highly regarded investor relations consulting firm known for its ability to connect underfollowed and undervalued emerging growth companies with sophisticated institutional investors, buy-side and sell-side analysts, retail brokerage firms and accredited individual investors. Leveraging decades of cumulative experience, Hayden IR develops strategies to help clients effectively communicate with the investment community and works to increase their exposure through targeted outreach and transparent positioning. Hayden IR helps public companies deliver the right message to the right audience. Over time, Hayden IR helps its clients navigate up the Wall Street value chain and to help them secure a reasonable valuation by broadening their audience, expanding institutional ownership and ensuring clear, consistent communication with the public.
About VirTra
VirTra (VTSI) is a global provider of training simulators for the law enforcement, military, educational and commercial markets. The Company’s patented technologies, software and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real world situations. VirTra’s mission is to save and improve lives worldwide through realistic and highly-effective virtual reality and simulator technology. Learn more about VirTra at www.VirTra.com.
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements. Forward-looking statements are typically identified by terminology such as “could,” “may,” "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, and is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Read More
From the Filing:
Broaden Product Offerings. Since formation in 1993, our company has had a proud tradition of innovation in the field of simulation and virtual reality. We plan to release revolutionary new products and services as well as continue incremental improvements to existing product lines. In some cases, the company may enter a new market segment via the introduction of a new type of product or service.
I love the part: We plan to release revolutionary new products and services as well as continue incremental improvements to existing product lines.
Sounds like they are getting it together….
Nice 2 Million contract!!!!!! Great find T-Roy
Sorry. Old News
$2.1 million grant allows Tempe company’s virtual simulator to help train police statewide
Cronkite News reporter Adriana Becerra goes through the VirTra simulation at the company’s Tempe headquarters. (Photo by Megan Bridgeman/Cronkite News)
By Adriana Becerra | Cronkite News
Thursday, Feb. 23, 2017
TEMPE – The man standing in front of me pants as he holds a gun to a blindfolded woman’s head.
I’m told to diffuse the situation, so I begin telling the man to put the gun down. He yells obscenities. The woman cries. Out of sight, a baby wails.
After 15 seconds of trying to get the man to drop his weapon, he shoots the woman, then points the gun directly at me. Before I can put my finger on my weapon’s trigger, he shoots.
I failed my mission at Tempe-based VirTra, a company that has developed a multi-screen virtual training simulator now used by police statewide. The Arizona State Legislature approved a $2.1 million grant to install and maintain seven of the simulators throughout Arizona.
Company officials said their training facilities differ from traditional police training simulators because they’re more realistic, using more screens surrounding the trainee, live interaction and additional physical “stress.”
The Arizona Police Association had recommended the system to legislators.
Levi Bolton, executive director of the association, said they chose VirTra because the realism of the 300-degree environment, which uses five screens instead of the usual one-screen training.
Scott Dilullo, federal law enforcement business development manager at VirTra, said competitors are just now starting to incorporate multiple screens.
Dilullo said that’s not the only reason VirTra stands out.
“Historically, what we’ve trained on in law enforcement is a lot of ‘shoot, don’t shoot’ type decision making and that’s not what this simulator is,” Dilullo said. “It’s very multifaceted from verbal skills, de-escalation, officer presence, report writing, decision making, less lethal, all the way up, including deadly force.”
Scott Dilullo, federal law enforcement business development manager at VirTra, talks about the advantage of using multiple screens. (Photo by Megan Bridgeman/Cronkite News)
Scott Dilullo, federal law enforcement business development manager at VirTra, talks about the advantage of using multiple screens. (Photo by Megan Bridgeman/Cronkite News)
A military training expert watches the officer participating in the simulation and can manipulate the scene. The expert can introduce new characters and make the characters act in certain ways based on the decisions the officer makes.
In a scene with an active shooter, if the training expert doesn’t believe the officer has successfully defused the situation, he or she can make the character shoot other characters or even shoot at the officer.
“It’s very, very difficult to get experiential training,” Bolton said. “With a virtual training dynamic, you can alter paths and training scenarios. They can elevate the set of circumstances.”
Officers also wear a device that sends an electronic impulse to replicate pain and stress if an officer gets hit or injured in a scene.
“In law enforcement, we can’t just say, ‘Time out. We don’t want to play anymore,’” Dilullo said. “We add a stress component. We add a fear response component.”
The Department of Public Safety oversees the allocation of the $2.1 million grant to VirTra. With the grant, the department will purchase seven systems, each costing about $277,000 for the training simulator, monitoring, kits, hardware and software to be installed in an existing facility.
Bolton said this would ultimately be cheaper for taxpayers because it would reduce the need for live fire training and the costs associated with it, like having to decontaminate ranges or buy bullets, which “is a stellar cost.”
Ultimately, Bolton said these training programs are most important for smaller jurisdictions that “don’t have the money for the high-tech training.”
Dilullo said officers are scrutinized for every decision they make without adequate training to prepare them.
Dilullo points to the current political climate as the main catalyst for departments seeking better training.
“You’re seeing, based on what’s happening in the country … with all these shootings and all these incidences, that departments are understanding that they need to find innovative, better ways to train their officers,” Dillulo said.
In 2016, there were 50 deadly police shootings in Arizona, with 963 fatal police shootings nationwide, according to a database created by the Washington Post.
Bolton said that firearm training is a “perishable skill,” one that needs constant training.
The Department of Public Safety is installing a 300-degree VirTra simulator at training academies or police departments in Phoenix, Mesa, Taylor, Prescott Valley, Tucson, Lake Havasu City and in the department’s headquarters.
VirTra, founded in 1993, also has a 300-degree simulator at its headquarters, and police, military and civilians use it for defense and concealed carry training.
Dilullo said the company has no plans to expand outside of Arizona.
I know also. So we have 3 people. Wow
Are Shareholders able to request a copy of the shareholder meeting transcript if there is one?
If there is a plan to REPLACE the current BOD let me know. Our group has about 10 million shares that can help in our favor.
Don’t know much about getting rid of a CEO, but if anyone has some suggestions that could work????......I am all in. I don’t post much but have about 8-10 million shares between me and a few friends.
Change
What do you suggest we do to make some changes? I'm all ears!!!!
Wow TEEROY Great find!!!!!!!! This could be Huge!
Is there a CC tomorrow? If so can someone post the details?
Thanks
Great DD TEEROY. U DA MAN!!!!!!!!!!!!