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interesting company, started a position this week ;)
Loaded up on some February and May option calls.....expecting the ZAGG rally to start first week in January
moving nicely
awesome!!! what channel was it on ill see if I can find the link???
whats the skinny???
The quality of virtras marketing tools are becoming top notch
Is this statement ur opinion or fact? My factual mind wants to know??? ;)....No offense but I'd like to here this from the horses mouth...."Miller"
The delay to 2013 does stink, but at least this time they seem to have, to borrow the oft-used phrase on this board 7 months ago, their "ducks in a row." And at least now it seems there is a plan.
Pinks, Pick up the phone and call miller group our new IR firm and aske them.
really? where did you here they have only 20k shares? do you have a link or did you talk with miller group???? TIA
Thanks for sharing Mark...here are the photos
http://s1137.photobucket.com/albums/n515/ZaggMobile/itsec%20virtra%202011/
Can you email me those photos and I will try and get those uploaded.
jtparcelles@comcast.net
Thanks
Excellent report Mark, Can you add some color to your conversation with John Hinnant and for the direction their taking? Also What is Daniel Quinlans role? Is he at the orlando office? It appears he also came from Intelligent Decisions. I understand IDI was showcasing there immersive simulator...did you stop by their booth or talk to John about them or why he left? Opportunities????
TIA
this company is special VTSI.pk No debt, profitable, no dilution in the past year and a half after resolving the dutchess debt, focused on growth.
Recent articles
http://www.defensenews.com/story.php?i=8315732&c=FEA&s=TEC
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69397416
http://virtra.com/images/stories/corporate/virtra-3rd-quarter-2011-report.pdf
Back in the game com days bob invented some sort of electronics board for their amusement/gaming biz
Link didnt work here it is again...their are a couple inaccuracies in the story
From the Phoenix Business Journal:
http://www.bizjournals.com/phoenix/print-edition/2011/11/25/miller-group-brings-investment.html
Miller Group brings investment,
consulting to VirTra Systems Inc.
Premium content from Phoenix Business Journal by Patrick O'Grady, Reporter
Date: Friday, November 25, 2011, 4:00am MST
Related:
Banking & Financial Services, Technology, Electronics, Defense, Funding
Patrick O'Grady
Reporter - Phoenix Business Journal
Email | Twitter
The Miller Group is providing some investment and consulting work to VirTra Systems
Inc. to help raise awareness about the company’s virtual shooting ranges.
Miller Group’s investment comes via its purchase an undisclosed amount of Tempe-based
VirTra’s pink sheet-traded stock. It marks the first time the Scottsdale-based firm has
invested in an over-the-counter bulletin board stock, but Miller sees potential in VirTra,
said Rudy Miller, chairman, president and CEO of the investment and consulting firm.
“They have made great strides as a company, and they are getting to the level and size of
company we normally deal with,” he said.
VirTra CEO Bob Ferris said the partnership will help his company expand its operations,
which includes selling virtual products to military and law enforcement officials.
“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,” he said.
VirTra has been growing slowly but steadily. The company reported income of $1.14
million for the first nine months of 2011 on revenue of $5.1 million, compared with
income of $776,570 on revenue of
Miller Group brings investment, consulting to VirTra Systems Inc. - Phoenix Business Jo... Page 1 of 2
http://www.bizjournals.com/phoenix/print-edition/2011/11/25/miller-group-brings-invest... 11/28/2011$4.1 million for the same period last year. VirTra kept its income steady in the third
quarter despite a drop in revenue.
Those figures can be attributed to increased sales of its virtual reality shooting ranges and
simulators to the U.S. Marine Corps and other military and law enforcement agencies.
At the end of October, VirTra also received its second patent — for the Threat Fire device,
which provides an electric shock to a participant who is shot during a simulation.
The company’s products include a multiscreen simulator that projects different scenarios
law enforcement might encounter in the field. The simulators are controlled by an
operator who can change the outcome, depending on participants’ reactions.
The simulator allows for the use of real weapons equipped with air cartridges and laser
sights that tell the computer whether the shooter was successful. The system comes with
the Threat Fire device.
Miller, who said his group has been watching VirTra for several years, refers to the
company as a classic “tweener”: too big and established to seek startup venture capital,
but too small to draw interest that would help it grow.
“We’ve done the drill numerous times, and we feel they have the upside,” Miller said.
The Miller Group has provided similar services for other Valley companies, including
America West Airlines, which now is US Airways.
As part of the plan, Miller Group and Miller Capital Markets LLC, the company’s investment
banking arm, will provide consulting for VirTra as it seeks to grow.
VirTra considered moving its stock to the Nasdaq market earlier this year, hiring Moss
Adams LLP to audit its financials and evaluate a potential reverse stock split to boost its
price per share. The company scrapped those plans when it couldn’t get enough
shareholder support.
It wasn't in a P/R.... it's posted under Johns Virtra Bio...that's where I found it
"John Hinnant serves as Vice President of Business Development. Mr. Hinnant is responsible for developing VirTra’s Federal Government pursuits, building key strategic partnerships within industry, developing winning strategies and proposals for new business, and serving as executive leader of VirTra’s Orlando,"
http://virtra.com/corporate/management
Please share your your topics of conversation! TIA
Yes.
I requested this article from the Miller Group last friday.
http://sz0029.wc.mail.comcast.net/service/home/~/11.25.11%20Phoenix%20Business%20Journal_Miller%20Group%20brings%20investment%2C%20consulting%20to%20VirTra%20Systems%20Inc.pdf?auth=co&loc=en_US&id=405854&part=2
And if you can take some pictures and upload those to a photosaharing site( photo bucket?) that would be great! Looking forward to some news next week and your commentary on the show!
Bob is not selling the company anytime soon. Bank on it! Having spoke with him a few months back thats the last thing on his mind!!
Can anyone pull up the rest of this article...TIA
http://www.bizjournals.com/phoenix/print-edition/2011/11/25/miller-group-brings-investment.html
nice!
I subscribe to Defense News Magazine and its the real deal(industry standard)...this wasn't a pump article. I'm going to cut, frame and hang the article when it comes in next week....yeah kinda cheesy but its something i do lol.
Hey guys I believe I figured out how virtra will incorporate the intense cardio training into the simulator!!!! I won't post it on the board but if your a long, and I like you, and you can be trusted not to post this anywhere I will share it with you.....not sure if this is it but probably close
send me an email to the address in my profile...I will get back to you in a few days
TEEROY
sounds good.....looking forward to it!
I'm honestly interested in the overall interest in the Virtra booth....what type of conversations are being made between Virtra and the guests, who's in the booth, how are simulators compare to the competition....advanatages, disadvantages, new tech ect
The feeling is mutual ;) It's no longer a matter of "if" but when....
Don't be suprised once they setup up their Orlando office that one in D.C. or Virginia is soon to follow. Bet on it!!!
I think what you ment to say was "holy shit, this could be huge" lol
I like this part
"The plan is to incorporate them into a broader program, similar to circuit training, that will boost Marines' war-fighting effectiveness by mixing physical exercise with shooting scenarios that will challenge their focus, concentration and marksmanship skills, according to the company."
Must read.....could this be the developments of a "program of record"
http://www.defensenews.com/story.php?i=8315732&c=FEA&s=TEC
good point
I highly doubt Virtra is for sale....Large governamnt contracts, which I belive will come a year or so from now would increase the value 10 fold?....... SO why sell now!!
We all have to remember that Virtra is run by engineers, they can create and build but they lack business acumen...Virtra needs this type of help .....import to create a top notch growth company. Miller offers a lot of valuable services.....I'm excited to see how this develops.
Felix, If Virtra is focusing on large contract procurement they will need to have a line of credit in the range of 5-15 million if something arises. It's great to see them taking the steps to establish a relationship.
Liking this!!
establishing a growing line of credit will be important down the road to build inventory levels
"Note 12 – Line of Credit
For the quarter ended September 30, 2011 the Company borrowed $100,000 under a line of credit facility secured by the
Company’s receivables and guaranteed by our CEO, Bob Ferris. The terms of the credit agreement allow the Company to
access funds equivalent to 75% of eligible accounts receivable aged less than 90 days with a maximum borrowing capacity of
$250,000. The line of credit bears interest at the prime rate plus 150 basis points with a floor of five percent. As of September
30, 2011 the effective interest rate on borrowing under the line of credit was five percent.
Subsequent to the quarter end September 30, 2011 the Company executed a new line of credit that increases the Company’s
borrowing capacity up to $750 thousand dollars. Our borrowing capacity is based on a percentage of eligible receivables and
inventory and bears interest at prime plus 150 basis points with a floor of five percent.
Found a new pending contract for 98K, request for sole source, wavering bid process....it's basically a done deal
I'm not going to provide the link until the deal is finale. partial below
Contract:
Amount: ADPICS Doc :.:.;#:'--,.-- ~_
Describe the produc t or service: VirTra Systems develops and produces a proprietary simulation system using multiple
screens and real video for small arms and use of force training. VirTra Systems is the only manufacturer of firearms simulation
equipment to incorporate real video seamless1y displayed across multiple screens. In addition, VirTra Systems invented the
.Threat Fire® Device and is the only manufacturer of this equipment throughout the world, VirTra Systems has been awarded a
US Patent (#8,016,594) for the Threat Fire® Device and is the only company that c an produce or sell any device using
electronic impulses to simulate consequences during simulation training.
Has the Human Rights Commission granted a sole source waiver on this transaction? _--"-P-"e~n",d,,,in"'tg:>.-- _
I fyes, when was the sole source granted? Please attach a copy of the HRC Waiver
If your interested a few other good sources for contracts, RFP's and program information;
https://www.fbo.gov/
http://www.peostri.army.mil/BusinessOpportunities.jsp
TEEROY
Wish I could go, looking forward to your annual report!! ;)
Looks like John Hinnant will stay put in orlando florida(Industries simulation Hub) to open a new Virtra office. I heard alot about John from his old companies employees (Intelligent Decisions) This guys a Wiz!!! We should all expect superior results.
Here is a link about the program he helped win(he wrote the proposal from what I understand)
http://www.nationaldefensemagazine.org/archive/2011/December/Pages/GamingTechnologyPutsSoldiers%E2%80%99BootsonGround.aspx
John Hinnant serves as Vice President of Business Development. Mr. Hinnant is responsible for developing VirTra’s Federal Government pursuits, building key strategic partnerships within industry, developing winning strategies and proposals for new business, and serving as executive leader of VirTra’s Orlando, Florida office. His experience includes serving as an Intelligence Analyst in the U.S. Army, Program Lead at U.S. Army PEO STRI, Program Manager at the FBI, and finally as Managing Director for Intelligent Decisions Inc. Simulation & Training Division prior to joining VirTra. At Intelligent Decisions, John earned contracts with government agencies including the FBI and U.S. Army totaling more than $250 million dollars in 4 years including his most recent win of the $57 million dollar contract for the U.S. Army PEO STRI Dismounted Soldier Training System. John holds a Bachelor of Science degree in Computer Science from the University of Central Florida and is an active member of AUSA, NDIA, NTSA, CFMCF, NCS, AFCEA (Orlando and Tampa Chapters) and American Legion.
Thought the same thing....The short interest in this stock is non-existant.
I was wondering why nobody noticed that, I have no idea but i can't see any other explanation.......any takers here