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Virtra needs more of this exposure
The Street Corner: Global Market Progressive Review on Virtra Systems Inc
Thursday, February 07, 2008; Posted: 04:37 AM
Feb 07, 2008 (M2 PRESSWIRE via COMTEX) -- VTSI | news | PowerRating | PR Charts -- Streetinvesting.com has now resumed our progressive review of Virtra Systems Inc (OTCBB:VTSI) after it traded up 22% Wednesday, late in the afternoon with below-average volume. Based on the Company's most recent news release, we will be progressively reviewing the impact of the markets and the effects of their developments.
Make sure to visit www.streetinvesting.com to keep updated and signup for free with no credit card for market reports and analytical plays.
Our research resources have been aimed towards the US Small Caps and the various prospective companies therein. Virtra Systems Inc was among those that we have been closely examining due to their recent news and trading patterns.
Feb 6th 2008, VirTra Systems, Inc. (OTC Bulletin Board: VTSI). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced delivery of the first ten small arms training simulators of a 24-system order from the Department of Homeland Security.
Utilizing patented technology, VirTra Systems sells small arms training simulators to military agencies such as the U.S. Army, Navy, Air Force, Marines, 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, and the U.S. Army and Navy. For more information, visit http://www.virtra.com.
Streetinvesting.com will continue to follow the progress of this company following their most recent news announcement. Visit www.streetinvesting.com and signup free for our financial market services.
At Streetinvesting.com, we bring our knowledge of the marketplace and investment opportunities directly to our subscribers. As an aggressive-growth research company, our strength and goal is bringing distinctive trading opportunities and investment philosophies to investors seeking a different and unique approach to investment ideas. That's our goal. That's what we do. We are "The Word on the Street".
1 st quarter revenue looks promising:
$400k -- Initial ten simulators to DHS
$300k-$400k -- IVR 360 to South America
$45k Indian River upgrade
$100k -- Army sale and installation.
So far at least $850k should hit the books in 1st quarter, and we are not even half way through it. This will be the 4th straight quarter with a huge increase in sales.
Further, this amount of sales means that both bills and debt are getting paid in cash. No more issuing shares, no more borrowing money.
Good job.
b-17
Imialover,
There was one contract with the USMC in the fall of 2006, that was set up as a lease. It was supposed to open the door for future business with the Marine Corps, but thus far the subject has not been discussed again.
I do not have any info on the length or the terms of the lease.
It is nice to see the pps staying above or equal to .02 from the lows of last year. An update from the company would be a nice gesture for the longs invested here.
b-17
E,
I appreciate your insight on the current state of affairs.
On a postive note, sales are steadily improving. One substantial order could offer them the opportunity to greatly reduce their debt.
As far as the partnerships go, it's a catch 22. When they have no sales it is keeping a full time salesman/salesforce off of the payroll. Virtra makes a lower margin on the sale, but has no marketing expense on it. If we had 4 distributors internationally doing what Ti Training is doing then we would reach our historic break even point of $4 million in sales per year. Obviously, at a lower profit margin but without the additional expense of internal sales and marketing.
I read the article the on Duluth police officer as well. That is a beautiful coincidence. I was not under the impression that Virtra had a scenario where the off duty officer was taught to shoot the on duty officer in a drunken rage.
Maybe we'll get a Friends & Shareholders letter this week.
Good luck to all
b-17
E,
Completely agree.
There is no advantage for a reverse split at all, at this point.
If Virtra actually makes progress on the sales front, and in turn has the ability to effectively manage the debt, then I believe a reverse split would be in order. It would be very palatable in an uptrend.
You seem to have an insider's grasp of the company. IfVirtra manages to string together several operationally profitable quarters together, what is the likelihood of them actually having the ability to begin addressing the debt with cash at this point?
If 3rd q was $1.2 million, and as Teeroy alluded to in his conversation with Steve Haag, 4th q could/will/maybe/possibly be profitable, at approximately $1 million+/- in sales, is it naive to think that Virtra is addressing some of the debt with actual cash?
I would appreciate your best educated guess.
Thanks in advance,
b-17
VirTra Systems Installs U.S. Army Simulator
HOUSTON, Jan. 31 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced installation of the company's IVR(R) small arms training simulator at an United States Army base on the Eastern Seaboard.
Among the standard accessories delivered with the system, the installation also included VirTra Systems' patent-pending Hybrid-CGI(TM) scenario authoring suite allowing customers to easily and quickly develop their own training scenarios as needed. This user-friendly technology offers more pertinent training, allowing customization of scenarios to each customer's particular environment and agency guidelines, and at a sizeable savings compared to custom-produced filmed scenarios.
Major General Dalby commented, 'I am also pleased to report that a current law enforcement customer in Michigan has recently purchased and upgraded its previously installed IVR 180 to a fully immersive IVR 300. That system has also been recently installed and is fully functional.
'VirTra Systems is proud to help keep our nation's military and law enforcement personnel the best trained professionals in the world, and believe our simulator installations in every branch of the military offer proof- positive our immersive IVR training technology is both preferable and affordable,' concluded Major General Dalby.
Teeroy,
Did you have a conversation with Mr. Haag, or just email him your question?
If you spoke, please share any other feedback.
Thanks in advance,
b-17
Barnabus,
I have emailed the company asking who the current sales staff consists of, and I haven't heard back.
However, I am of the belief that Mr. Kitchen is not with the company on a full time basis. In the past he and I have exchanged emails, and as of October they have not been returned. He told me once that he never actually left the company completely, he just backed off as a salaried employee to help with costs.
Over the summer they did issue a PR hyping that he was back with the company. I was under the impression that this coincided with the relationship with Raytheon and the warfighter FOCUS award. It turns out that was just a simulation management contract.
Up until this point, I can't imagine being a salesman for this company has been that lucrative. If Virtra is able to sustain the sales that they did last year, and get revenue in the ballpark of $1 million per quarter, then I would imagine that it could be fruitful.
I am surprised that the General did not take the opportunity to address the shareholders with the last pr for the South American sale. I had hoped that he would allude to the current direction and focus of the company's efforts. Maybe he is holding off until the next pr.
here's hoping.
b-17
It is not alot of cash, but that is some promising interest.
0.02 400000 OBB 15:32:59
0.023 50000 OBB 13:27:26
0.024 50000 OBB 13:27:24
0.024 50000 OBB 13:27:24
0.024 25000 OBB 13:21:04
0.024 25000 OBB 13:20:53
0.024 45000 OBB 13:04:28
0.024 8000 OBB 12:48:04
0.024 25000 OBB 12:48:04
0.024 25000 OBB 12:47:40
0.023 32000 OBB 12:19:46
0.022 5000 OBB 12:18:30
0.023 10000 OBB 12:14:32
0.022 5000 OBB 12:13:32
0.022 25000 OBB 12:13:2
780,000 shares traded. Good volume. Let's see if the General wants to share anything with us tomorrow.
Good luck to all
b-17
E:
I don't mean to sound stand offish here, but apples to apples with FRPT, advise me where you would like me to begin:
1) When FRPT was called BOULDER CAPITAL OPPORTUNITIES III INC
OR
2) When FRPT was called SONIC JET PERFORMANCE INC
OR
3)With one of FRPT's at least 6 proxy votes since 2000
OR
4) With one of FRPT's 15 NT late notice filings since 2000
OR
5) With FRPT's 12 to 1 Reverse stock split in 2005
OR
6) With the countless directors, ceo's, board members that have come and gone.
As far as the IRS, financing, and legal issues from FRPT, I am not confident it is worth my time.
The underlying point is that VIRTRA is not the only company that struggles on it's way to success. All businesses have problems.
Virtra's situation is not uncommon, and it is not doomsday.
I'm not maliciously pumping the stock. I own a good amount of this stock, I want it to go up, and I truly believe that with current funding opportunities it is possible.
b-17
Crystal Ball,
As I have stated before, I believe the opportunity here with current funding is similar to an MRAP company called Force Protection Inc. (FRPT)
For those of you who don't know MRAP's are the mine resistant vehicles the military is using to battle IED's in IRAQ and Afghanistan. So far the government has approved $22 billion for the program since 2002, but roughly a quarter of that has actually been spent. There are 4 main companies, Force Protection, BAE, Navistar, & General Dynamics.
IN 2002 Force Protection had 10 employees and a share price of .15 cents. When funding came along their share price rose to $30 dollars and now have 1500 employees. Recently their stock tanked, as many have, but they are in line for a huge rebound. I'm not here to pump FRPT.
My point is VIRTRA is one of the, if not the most technologically advanced simulator companies, and despite their lack of cash they have continually pushed forward from a technological standpoint. With $11 billion in funding coming this September, it is inconceivable that they will not be a huge player. This is a trend that investors, not traders, will pick up on sooner or later. I am obvioulsy not predicting a share price of $30 dollars, but it has to go way up from where it is now.
Similar to the mrap, the military is now putting it's money where it's mouth is in the infantry simulator business. They are recognizing a need and fulfilling it with $11 billion dollars. To those of you who are new, Virtra is in the infantry simulator business.
Here are some references to my FRPT statements:
One would be pressed to find more concrete evidence of that collaboration or sense of purpose than on the production lines at Force Protection Industries.
Since the company's founding in 2001, when it began building Buffalo route-clearing vehicles and Cougar engineer vehicles - the first MRAPs - its work force has grown exponentially and its output has skyrocketed, Pruitt said.
Production began picking up in 2005 and "really ramped up in 2006," when the company produced about 300 MRAPs. By 2007, that number had increased more than three-fold. Force Protection Industries celebrated the roll-out of its 1,000th Cougar vehicle in November. And while he hasn't yet seen fourth-quarter production numbers for 2007, Pruitt said, the year's overall MRAP production figures will reach "well over 1,000."
Pruitt said he expects that trend to continue. Force Protection Industries, along with two other major MRAP manufacturers - International Military and Government and BAE Systems Land and Armaments - are under contract to produce almost 12,000 more MRAPs.
Churning out those vehicles at Force Protection Industries is a work force that's grown from about 10 in 2001 to more than 1,500 today.
Congress has provided $22.4 billion for as many as 15,000 of the vehicles
b-17
No bubble burst. Kudos to Mr. Long's involvement.
I acknowledged the time-frame with the reference to FATS trading in the $2-$3 range. I believe they were sold about 1.5 years ago, and this simulator sale was probably in the works 2 years ago, but that wasn't my point.
The idea was that the US Marshalls Service in Atlanta and FATS inc. were practically neighbors, when Virtra's superior product was chosen.
From a technological standpoint, Virtra was chosen over FATS, and with the Ti Training partnership, it is occurring again and again.
Further, I believe someone established that this fall Lasershot was the company who filed a competitor protest on the 24 simulator homeland security deal, where Virtra was chosen over Lasershot obviously.
Even further, as MG Dalby alluded to in this weeks press release, "I am extremely pleased VirTra Systems continues to win tenders over other available systems on the market."
So once again Virtra was chosen over other simulation companies.
Maybe it's the technology, maybe it's the price. Whatever the reason, it is a positive trend leading up to the mother of all simulation contracts STOC II coming up this Spetember.
When there has been very little funding and/or opportunities over the last few years Virtra has done everything necessary to stay in business. We can all collectively hope that since funding has now come available, Virtra's technology will again be chosen over the competition, and financial success will ensue.
I reiterate the fact that 1% of the STOC II contract is worth $110 million dollars.
So come on Army, choose Virtra over the competition. You've done it before, do it again.
b-17
Domen,
It's nice to see the sale to the US Marshalls service getting good press on CNN. One item that we all overlooked with this sale was that this US Marshalls office is located in Atlanta, approximately 29 miles from FATS headquarters.
From yahoo maps:
START
5 Spring St SW, #1669, Atlanta, GA 30303-3301
FINISH
7298 McGinnis Ferry Rd, Suwanee, GA 30024
Total Distance: 29.6 miles, Total Time: 42 mins (approx.)
Further, Virtra has a sale to Cobb County Georgia, and SW Georgia Technical College. All in FATS front yard.
I believe when the Marshalls service chose Virtra over FATS, FATS was trading around $2-$3 per share.
Virtra technology is obviously better, the business just needs to catch up.
b-17
What took you so long?
This is undervalued. All upside, no down.
This is the government funding model I believe the other will follow. DOD realized the need and it flew.
FRPT has simply been overwhelmed with business and mismanaged as a result. The pps will not stay here for long.
good luck to you
b-17
Virtra on CNN today?
http://www.cnn.com/video/#/video/crime/2008/01/23/ergas.computer.simulator.cnn
US marshalls service, looks like Virtra video.
No speakers at work.
Can anyone conirm
b-17
Imialover,
I believe that this is a remnant of the STOC I award, and exemplifies what the Army is trying to change with STOC II.
The following excerpt:
"This effort is anticipated to be full and open competition among STOC contractors in all domains. No contractors outside of STOC offerors are allowed to participate in this procurement."
The Army in the past was married to prime contractors for the duration of the award. I believe they are looking for more flexibility in procuring new technology as it unfolds with the STOC II program.
" QThe omnibus contract known as STOC II to provide simulation and training products is in the request-for-proposals stage. What do you want out of STOC II that’s different from STOC I?
AThe biggest change with STOC II will focus on how it will best support the PEO’s transition from a primarily nonsystem training device-based organization, with most funding directly from the Department of the Army, to a primarily customer-based organization, with funding provided by other PEOs, PMs, and comparable organizations from other services and joint components.
We have solicited extensive input from industry as we have attempted to shape STOC II and believe we have an acquisition plan that will assist us in this transition. The primary differences between STOC I and STOC II will focus on the number of primes, the number of domains and the emphasis on teaming. STOC I and most of the other comparable contracts we have researched have roughly eight to 12 primes or a very exclusive approach to the base number of providers.
STOC II will take a different approach in that we hope to be inclusive in the number of primes and select a broad number for the provider base at the contract level. Our goal is to provide customers with the broadest feasible access to innovative and creative solutions.
STOC I had four domains: live, virtual, constructive and test. Over time, we found the distinctions between these domains blurred, and it became problematic for us to define [to] which domain a requirement truly belonged, and where to place the request for proposal. Our intent under STOC II is to have a broadly defined, single domain that should remain constant for the contract period of performance.
Lastly, STOC I placed a heavy emphasis on contract primes to team at the contract level. We realized in implementation that teaming arrangements were best executed at the task/delivery order of the contract. To minimize unnecessary expense in the proposal and evaluation of STOC II, the PEO intends to base their selection of primes primarily on their ability to assemble and manage teams in response to the specific individual task/delivery order requirements.
b-17
Anybody have a clue about this future project:
"5 dimension business demonstration room.---- Virtra System"
From the AFAQ website.
Thanks in advance
b-17
I believe there was/is a purpose behind the collaboration at ITSEC '07:
"We have solicited extensive input from industry as we have attempted to shape STOC II and believe we have an acquisition plan that will assist us in this transition. The primary differences between STOC I and STOC II will focus on the number of primes, the number of domains and the emphasis on teaming. STOC I and most of the other comparable contracts we have researched have roughly eight to 12 primes or a very exclusive approach to the base number of providers."
"To minimize unnecessary expense in the proposal and evaluation of STOC II, the PEO intends to base their selection of primes primarily on their ability to assemble and manage teams in response to the specific individual task/delivery order requirements.
All of the q & a discussions have emphasized the issue of teaming, and/or dynamic teaming at the subcontractor level. Why else would Virtra, and the others, advertise this collaboration?
The collaboration with EON, Intersense, Christie Digital, and Virtra is a layup to any prime contractor working on the STOC II proposal.
b-17
Teeroy,
Nice find on the AFAQ consulting services in Kuwait. It seems like they are sitting on 2 projects in the works.
Nice to have simultaneous South American and Middle East projects underway, with the grand daddy funding of them all in the works here in the US. ($11 billion dollar STOC II)
Virtra could potentially have 4 independent distributors:
1) Ti Training, USA
2) Lonexi, Mexico
3) AFAQ, Kuwait
4) ????, South America
All working on selling their equipment, while they work on fulfilling the immediate needs of the US Army.
TI training has proved that it can generate $1 million in sales per year, we just need the rest to do the same, and then Virtra to match it domestically.
All this coming off the best quarter and best sales year ever.
It has to go up from here.
b-17
Good stuff,
An IVR 360 has to bring at least $250-$300k to the table.
Further, this opens the door for a friends & shareholders letter, which may give us some insight on other current & upcoming projects.
In the last year, great news hasn't affected the price at all. I wonder why they didn't announce the actual recipient.
Keep 'em coming,
b-17
Felix,
Would you please check out the virtra website and see if there are any changes. Especially the Virtra Systems in the news portion.
I keep getting google alerts which send me to the website, and I believe there is stuff on there that I have never seen before.
Especially media coverage from past accomplishments. It's as if the website has been thoroughly brought up to date.
Thanks in advance,
b-17
4. STOC II Kickoff slides indicated a 57% Large Contractor & 42% Small award distribution. Is there a breakout of the anticipated $$ based on these ratios?
No.
https://moss.peostri.army.mil/sites/bop/Contract%2520Vehicles/STOCII_DOCS/STOC2_FAQs.pdf+stoc+II&hl=en&ct=clnk&cd=2&gl=us" target="_blank">http://64.233.167.104/search?q=cache:Q9E3pzRNQuEJ:https://moss.peostri.army.mil/sites/bop/Contract%2520Vehicles/STOCII_DOCS/STOC2_FAQs.pdf+stoc+II&hl=en&ct=clnk&cd=2&gl=us
b-17
The opportunities are potentially endless.
I think it depends on how much effort the sales staff and General Dalby personally put into it.
Virtra is definitely a player, but I believe they squandered the technological advantage they had a few years ago, possibly to no fault of their own.
They showed off their 360 degree technology at itsec in '04 and were the belle of the ball. They were promised contracts which never came through, from the USMC, and as a result of the war, funding fell through. This gave the other simulation companies time to mimick the technologyand play catch up.
With Christie digital they seem to be pushing the envelope again. The term 'holodeck' is popular amongst military trainers who know where they see the technology heading. I find it interesting that Bob Ferris uses the same terms when speaking of the collaborative efforts at this years itsec. i.e. he is familiar with the exact goal of the Army.
I firmly believe that having a retired Major General as the CEO is not currently hurting this company, with respect to the STOC II solicitation.
Raytheon already has a STOC II website:
http://idiq.raytheon.com/stoc/
I love IDIQ. Indefinite Delivery, Indefintie Quantity. That is what will put Virtra on the map.
b-17
They updated the stoc II website:
https://moss.peostri.army.mil/sites/bop/Contract%20Vehicles/STOCII.aspx
Here's the breakdown that I was interested in. I wonder how many of these Virtra would/could qualify for. Alot of it sounds very virtra-esque.(new word)
Appendix A1
Product Area Description Document
1) Individual, Crew, Combined Arms Trainers; Individual, Crew, Combined Arms Simulators; Test Systems.
Any training or testing simulator/device used to train or test: an individual, crew or multiple crews to operate or employ an operational system or a number of dissimilar operational systems.
2) Maintenance and Part Task Trainers; Maintenance and Part Task Simulators
Any device or simulator used to train personnel in the performance of subsystem operation or maintenance on a particular system, subsystem or type of equipment.
3) Advanced Distributed Learning (ADL)
Interactive and adaptive training and job aiding that leverages the full power of computer, information, and communication technologies through the use of common standards.
4) Ranges and Installation Instrumentation Systems
Any system, including, but not limited to the telecommunications sub-system, used to transmit, receive, and collect any data at any facility or area for the purposes of: training, testing, or operation of a weapon or system; live firing of a weapon/weapons; maneuvering of operational equipment/units; or force on force operational training or testing.
5) Simulations and Simulation Systems
Simulations include the stimulation and simulation of command and battle staff processes in both analog and digital systems in a synthetic environment, and engineering and scientific simulations. The simulations operate in real time to non-real time (faster and slower) depending on the specific applications, and represent systems at the aggregate, entity and sub-entity level and all levels of command. The simulations may range from low to high fidelity and can be used to support network simulators by providing simulated friendly and opposing forces. These simulations may include the requirements of the ACR, RDA, and TEMO as well as the requirements of other services and Joint simulations in the synthetic environment.
6) Tactical Engagement Simulator Systems
Any system of people-safe transmitters, receivers, sensors and support equipment used to allow force-on-force training or testing of individuals, equipment or units of individuals and equipment.
7) Embedded Training; Embedded Testing
Hardware/ Software and software simulations hosted in an operational system or piece of equipment that allow training or testing on that equipment with or without the actual operation of the equipment or system.
8) Advanced Concepts
Any innovative application of existing or emerging technology, state-of-the-art tool or advanced concept system. Advanced Concepts include the planning and implementation of simulation based demonstrations, experiments, and exercises, and other advanced concepts, analysis, and applications as they emerge.
9) Threat Representations
Any live, virtual or constructive representation utilized to simulate or represent the multi-spectral and functional effects of an actual foreign or hostile platform and/or capability intended to engage and/or cause harm to friendly forces and/or weapons systems. Includes the validation/accreditation of these representations, as defined under AR 73-1.
10) Threat Computer Network Operations
An adversaries use of Computer Network Attack (CNA), Computer Network Exploitation (CNE), and Computer Network Defense (CND) tools and techniques to stress Friendly system(s) performance during testing, as part of a simulated real-world environment. Includes pre-event and active reconnaissance, enumeration, and exploitation of vulnerabilities to create a desired end result/effect.
11) Threat Materiel
Any foreign system, or component thereof, procured in support of Foreign Materiel Sales, Test and Evaluation, or training. To include both Ground and Aviation Systems.
12) Security Systems
Any system or device used to encrypt or to implement multi or multiple levels of security in a simulation system used by the Department of Defense for testing military systems or training US Armed Forces.
13) Game Applications and Technology
Game applications and technology leverage solutions from both industry and government to support current and future Soldier, leader, collective, and mission rehearsal training. The application may be a game that provides training or practice for a particular skill or specific technology which could include game hardware, infrastructure, licenses, engines, game assets, or other technologies to support a particular game application. May include development and maintenance of training support packages, web portal services and post deployment game engine and software applications.
b-17
No news on the STOC II solicitation.
I was hoping to dissect it over the weekend and learn more about the exact types of next generation simulators the army is looking for.
Some news would be nice on any of the following topics:
- The live fire trailer.
- The collaboration with Christie Digital & eon reality.
- General Dalby's trips to the middle east.
- The very large international tenders brought up in June.
- Ti training order/delivery schedule.
- Jockeying for position on STOC II.
- The USMC simulator lease which was supposed to open up the door to more business.
- The gunman on the grassy...
Something has to be going on on at least one of these fronts.
I look forward to hearing some positive news from the company.
b-17
Those computer generated graphics are awful. I hope that Virtra's is more lifelike than that.
Maybe virtra should shy away from the efforts of simulator sales and spend more time on software, programming, and more life-like video for use in any simulator. I am of the belief that they have at least 3-4 full time software engineers/computer programmers.
The interoperability of the software is a hot topic amongst dod rfp's at this point.
Does anyone know if Virtra can link it's individual simulations into larger simulations?
Historically, if Virtra has news, they generally announce it on Tuesdays.
I have no idea why, and I am not suggesting there will be news tomorrow.
I don't believe that any single announcement is going to make this fly. The investment community needs to realize the scope and depth of the Army funding, and it's effect on the entire simulation community. That trend will push this higher.
Looking forward to more news on STOC II.
b-17
Dutchess must be out of shares.
If they had any they would be dumping them into the bid which is at .018.
No volume is a surprise after the buying on Friday.
If there is any news, and Dutchess is out of shares, then the share price might actually move.
If they still have any, why aren't they dumping?
b-17
Sorry for the repost, but I cannot resist this line:
"This is a truly huge initiative," said Russ Hauck, executive director of the National Center for Simulation, an Orlando-based trade group that represents the training-tech industry. "It will affect everyone in the industry."
This will affect Virtra.
Doug FYI, the 24 system deal will hit the 1stQ 2008. I asked.
http://www.orlandosentinel.com/business/orl-cover3107dec31,0,2680031.story
Here are some dates to keep an eye on:
The STOC II Team is currently making revisions to the Draft RFP which will have significant impacts on both the Technical and Past Performance volumes. In addition, we anticipate major revisions to the Small Business Participation requirement, Small Business Set-Aside approach and Attachment 4-Labor Categories. The Management volume remains unchanged at this time.
The Government anticipates posting a revised Draft RFP package during the week of 14-18 January 2008. The Government also anticipates posting a subsequent set of Q&A's in regard to the initial draft RFP NLT this same time period. We will establish a new cut-off date for Q&A's concurrently with the release of the revised draft RFP.
We expect the release date of the final RFP to be during the first two weeks of Feb 08. The Government intends to announce the anticipated release date of the final RFP concurrently with the release of the revised draft.
1% of this contract is worth $110 million.
b-17
Imialover,
$11 billion from the army for infantry simulators. Not flight simulators, infantry simulators.
42% of that is set aside for small businesses within the simulation market, the rest goes to prime contractors, who could then team up with small businesses.
So there is at least $4 billion going to small business simulation companies directly starting this year. Further the solicitation implies indefinite quantity, indefinite delivery.
Hello, QualityStocks, if you are hyping this stock please bring this up. "Billions of dollars set aside for infantry simulators in 2008."
Major General Dalby is army. He has to have connections.
At these prices, VTSI, along with other simulator stocks should be gobbled up. Except FATS/Meggit. I think their stuff is marginal.
b-17
Does anyone else see the share price at .024?
Quality stocks was wrong.
The share price has tripled in three weeks.
I would like to take this opportunity to reiterate that the STOC II program from the army has dedicated $11 billion dollars to the infantry simulation market this year.
The final solicitation/rfp notice should be out by February.
Whoever you are, keep buying.
b-17
Yeah Bill, I got it, get it.
I am not sure who is more to blame at this point. Q-stocks for regenerating this news, or Virtra sales dept, for not giving them anything new to discuss.
I think the only substantial news is that the Army is dumping $11 billion into infantry simulators this year. That should be huge for this company, and its competition. Further, that money is going to be spread out across several companies, with no individual prime contractor. Q-stocks should be pumping that STOC II program and what a positive effect it will have on the simulation community.
Take Force Protection, FRPT. There was no need and no gov't money for MRAP's until 2 years ago. They went from .15 cents to $30 dollars when dod money became available. For the record they are back down to $4. My point is that there is funding available now. That's what our 2 million shares should buy pr about.
Virtra's failure to mature as a company historically is due to the overall lack of funds for their equipment, not interest in it.
make no mistake I am not pleased with my investment.
b-17
bill,
beggers can't be choosers.
I could do without the closing line of "simulate more sales."
That is an unfortunate typo.
It seems that Ti Training is keeping the lights on at Virtra.
Kudos to them.
b-17
Felix,
What do you know about this comment you made?
"With sales and a lack of Dutchess, we should see double digits in 2008.
Just curious if the dutchess debt is gone.
thanks in advance.
b-17
David,
on the ihub depth/levelII
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Here is a good article from TSJOnline that discusses army simulator spending.
I apologize for harping on this, but the army is committing to $11 billion in training simulator spending to begin this year. This has to be the first time ever that the military has earmarked this amount of cash for next generation simulator training.
These are the funds that have not been available for the last 5 years. If Virtra technology is what we hope it is, then they have to be a player.
http://www.tsjonline.com/story.php?F=2965475
QPEO STRI works closely with industry in developing training devices for the Army; is there any technology area where you’d like to see quicker progress to aid the troops off fighting?
ADuring our Training and Simulation Industry Symposium this year, we were privileged to have two distinguished keynote speakers: Maj. Gen. Robert Mixon, the commanding general for Division West, First Army, and Brig. Gen. Thomas Maffey, the director of training. They expressed the need for technology development in domains such as IED defeat, crew protection devices, a dismounted immersive soldier virtual training capability, live environment/live fire training that replicates the operational environment, and training technologies that train the conceptual skill sets required by leaders in the contemporary operating environment. These areas are where I would suggest our industry partners focus since they are currently being highlighted and defined by the Army’s senior leadership.
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Here's an article on STOC II potentially worth $11 billion in September 2008
http://www.orlandosentinel.com/business/orl-cover3107dec31,0,2680031.story?coll=orl_sports_highschool_orange_promo
"While Warfighter Focus is a very sophisticated maintenance contract, STOC II will focus on developing next-generation simulators and other equipment for Army trainers."
If only Virtra had an inside connection with the Army.
b-17
E pluribus,
I am in no way saying that it would be pretty.
Please review the debt FATS had when it was acquired by Meggit. It was disgusting. Any operational profits they ever had were engulfed by debt service.
Further, it seems that the govt is requiring prime contractors to divide up there contracts amongst small businesses. Review the Army's FOCUS award to Raytheon. There are 50-60 small businesses that Raytheon had to partner with to win it. Even further, the new STOC II army program is requiring that 42% of the award involve small business.
My point about any talk of a buy out is that to a larger company $4 million+/- in debt is nothing.
b-17