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Definitely more interesting now than has been in years. Looks like lots of upside. Mgmt has worked hard to make something out of this company. GM is a major break through.
Slept on this one for a couple years. Nice to see some familiar names have kept the faith.
I received the letter as well. Also, the MM's won't fill my order at the ask. Give up the shares guys!
INCREDIBLE NEWS!!!!!!!!!!!! If you didn't read Dalby's letter yet. Please do. Dutchess Paid Off, self sufficient cash flow, paid off a debt and dealing with the IRS issue. GREAT JOB GENERAL
Anyone listen to the Raytheon conference call this morning? Several large homeland security deals signed for 2008 that they couldn't release details on and several others they are trying to land. Wonder if VTSI might have a small piece in these? Didn't we do something with Raytheon earlier this year?
Most important comment from the PR is..."We are further pleased that our sales forecast for 2007 has been increased in the face of several unexpected domestic and international sales requests, including one large custom project. This is a significant development, and I expect a strong showing by year's end," concluded Major General Dalby.
I agree ceres. Something soon if history holds true..
Do my eyes deceive me or was there a $1,500,000 share purchase at .03 today?
SF...Sitting on the couch waiting for this stock to go up, I hope you have a keg instead of a 40 oz This stock has caused me to start drinking and chain smoking.
New that was coming. Volume jumped up yesterday. It never fails with this stock. Hopefully the general will send out a "Shareholder" letter with an update to the goings on and how the Middle East trip went. These 1 units sales help keep the lights on, but we sure need a 10-100 unit sale to make some noise. IMO.
Although there has not been an increase in price, this last PR is great. We are now in with Raytheon. Kudos to the General and his team.
.05 on the ask. Haven't seen that in a while.
If you remember in the past the price ALWAYS went up before the news.
VirTra Systems Receives IVR Simulator Order from Kansas City PD
Monday May 7, 8:19 am ET
HOUSTON, May 7 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced receipt of an order from the Kansas City Police Department in Kansas City, Missouri, for an IVR® immersive small arms training simulator.
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The simulator order included an IVR HD-180 firearms training simulator and accessories including VirTra Systems' weapon training-conversion products for long-rifles, shotguns, and handguns, plus non-lethal weaponry such as TASER® and OC pepper spray. The order also specified VirTra Systems' low-light/flashlight training accessories. Near-term delivery has been requested.
"We are pleased that such a prominent customer as the Kansas City Police Department has migrated to our immersive training simulator," commented Major General Dalby. "Non-military domestic sales patterns of our full-featured immersive product lines over the past year demonstrate increasing interest from law-enforcement educational institutions, prime contractors, and larger police departments.
"I believe the paradigm-shift from one-dimensional, single-screen systems toward immersive simulation for both initial training as well as skills maintenance is gaining momentum and indicative of the increasing role virtual reality is now playing in our everyday lives."
Established in 1874, Kansas City Police Department has more than 1350 sworn officers and currently serves a population of nearly one-half million, over 319 square-miles, answering in excess of one-quarter-of-a-million 911 calls annually.
"VirTra Systems' innovative products are changing the way we learn by easily and cost effectively exposing large numbers of participants to new experiences, and currently provide essential tools for firearms training, promotional advertising, medical treatment, and education," Major General Dalby concluded.
Form 8-K for VIRTRA SYSTEMS INC
--------------------------------------------------------------------------------
4-May-2007
Completion of Acquisition or Disposition of Assets
Item 5.02 Completion of Acquisition or Disposition of Assets
On April 27, 2007, J. David Rogers, chief financial officer, ceased to be employed with the company. Perry V Dalby, VirTra Systems' chief executive officer, will act as interim chief financial officer until the position is filled by a suitable candidate.
Friends and Shareholders:
Attached please find this morning's press release announcing delivery of our first 10-system training simulator order to Ti Training Corp.
I am very pleased to share with you the delivery and installation of the first 10-system order of our new single-screen, small arms training simulator, marketed by Ti Training Corp. under the brand name Training Lab(TM) (http://titraining.com/products/lab.aspx).
Our partnership, formed last year and announced in October 2006, is in the form of a blanket purchase order, and we continue to expect it to add as much as $2,000,000 to our annual revenue.
This was an important partnership, as it allowed VirTra Systems to offer a complete line of small arms training simulators, from high-end, completely immersive 360-degree systems, to full-featured, portable single-screen systems. This wide range of product offerings now gives VirTra Systems the ability to satisfy any customer's needs, in any budget range, including customers requiring portable systems.
I have been highly encouraged by the order flow and continued activity in our pipeline during the first quarter; and now, as we enter the second quarter, we continue to receive orders. This is in marked contrast to the same period last year. I look forward to soon sharing more order news from both divisions -- training and promotions.
In addition, I expect the 10-K to soon be filed. And, shortly after that filing, I further expect the SB2, originally filed in January 2007 and held up by the SEC's request for "fresh" financials, to be refiled shortly thereafter. The SB2 filing will register shares for the Dutchess debenture, and last summer's equity raise.
I currently am working on several other initiatives as well. Even though we have the IRS issue contained, it does require us to completely satisfy that liability. Therefore, David Rogers and I have been communicating with the IRS in a proactive initiative to ensure our ability to grow is not hampered by the issue, and to keep the relationship "friendly" and on-track. I remain confident that this issue will resolve favorably, and it is still my goal to completely satisfy this liability as soon as is possible.
In order to keep VirTra Systems competitive, and in a growth mode, I have also been exploring avenues in which to leverage our technological advances with well-established organizations in order to maximize and accelerate our growth. I do not know if we will establish any inroads just yet; but, my talks have been very encouraging, and I will, of course, share with you any material developments when available.
I continue to be encouraged by our order activity during the first and second quarters of this year as compared to last. Historically, now in our "slow-season," I remain optimistic order momentum will continue into the fall "busy-season" to end 2007 as the best year yet.
I also look forward to soon discussing with you our results from 2006, and am confident all will see that the company has been making demonstrable progress.
VirTra Systems Delivers Ten-system Simulator Order to Ti Training
Tuesday April 10, 8:18 am ET
HOUSTON, April 10 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced delivery and installation of its first ten newly developed single-screen small arms training simulators for Ti Training Corp. of Englewood, Colorado.
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"Our development team in Tempe has again come through brilliantly launching this new, full-featured simulator product in 'record' time, and Ti Training's sales force has also performed well securing high-profile customers," stated Major General Dalby. "Completion of this portable single- screen product allows VirTra Systems to now offer a full-range of small arms simulation products with price ranges and features to meet any budget and training requirement."
"We have now successfully delivered the first ten systems to a diverse range of customers including six systems to the Department of Homeland Security, and the remainder to such customers as the Federal Law Enforcement Training Center (FLETC) and various other domestic law enforcement agencies," commented Greg Otte, Ti Training Corp's president. "Demand for these type of systems is significant in North America, and effectively meets the needs of small, budget-conscious law enforcement agencies as well as customers requiring portability. I currently expect VirTra Systems' delivery of the next set of simulator orders this month."
VirTra Systems has over a decade of experience developing advanced Immersive Virtual Reality(TM) solutions. For more information on VirTra Systems or its products, call (832) 242-1100
Press Release Source: VirTra Systems, Inc.
VirTra Systems Announces Training Simulator Sale to SW Georgia Technical College
Wednesday January 3, 8:18 am ET
HOUSTON, Jan. 3 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced sale of an IVR® small arms training simulator to Southwest Georgia Technical College in Thomasville, Georgia.
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The IVR HD-300 firearms training simulator order, with 300-degree threat capability, includes weapon training-conversion kits for handguns, shotguns, and long-rifles, OC pepper spray training accessories, and the company's patent-pending Threat-fire(TM) Belt.
"We are pleased that an academic facility serving a wide-ranging community has chosen the IVR simulator as its firearms training platform," commented Michael Kitchen, VirTra Systems' executive vice-president.
Southwest Georgia Technical College offers a Criminal Justice diploma. Graduates are prepared to pursue diverse opportunities in the corrections, security, investigative, and police administration fields.
"Regional academic facilities such as Southwest Georgia Technical College have become key training locations for large numbers of entry-level as well as veteran criminal justice professionals, which exposes our immersive small arms training simulators to a wide breadth of users," Kitchen concluded.
Bylo...That wasn't a response to you. Sorry I attached to your last post.
I'm a yes. At this point we either roll the dice for a chance to succeed with a yes vote or close the shop down with a no vote. I sure would like to know what the offering price was on the merger that caused Kelly to quit.
KP...No I wasn't a member of the kitchen cabinet. I am just a shareholder from back in the GAMZ days that had several meetings with Kelly and management over the years. I wish everyone could have spent a little time with him one on one so that they could realize that Kelly really always did think of the shareholder first.
VirTra Systems' CEO to Host Shareholder Conference Call
Friday October 27, 6:23 pm ET
HOUSTON, Oct. 27 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced he will host a shareholder conference call to discuss the upcoming proxy vote, provide a company update, and discuss others matters of shareholder interest.
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The call will begin promptly at 4:15 p.m. EST (3:15 p.m. CST; 1:15 p.m. PST) on Thursday, November 2, 2006. To participate, dial 1-800-936-9754 from the United States and Canada, or 1-973-935-2048 for international callers, at least ten minutes before the call is to begin. The call will also be available via webcast upon registration at http://viavid.net/dce.aspx?sid=00003743 .
"I look forward to hosting my first conference call with our shareholders. In addition to providing a company update, I will be available to answer questions regarding our upcoming proxy vote as well as other matters of interest to shareholders," commented Major General Dalby.
A digital playback of the call will be available until 11:59 PM EST, November 4, 2006. The toll-free playback dial-in numbers are 1-877-519-4471 for the United States and Canada, or toll 1-973-341-3080 for international callers. Listeners should enter pass code "8052025" to access the call.
I think you are right. This stock always has a little run just prior to announing news. Let's hope the news is significant in nature.
Friends and Shareholders:
Attached please find this morning's press release announcing our most recent sale to Raytheon Missile Systems and last week's sale to Mexico, both IVR(R) 180s.
Another first for the company, this first training simulator sale to a prime defense contractor in the private sector is certainly further proof of our simulators' wide range of applications, and growing popularity within the security community. Raytheon manufactures and must guard important defense assets crucial to our Nation's military. Its security department reportedly chose VirTra Systems' IVR 4G-180 for its robust 180-degree threat potential, marksmanship training ability, and availability 24/7 in any weather.
In addition, as we continue to gain market share in Mexico, via our distributor, Lonexi, it is also gratifying that our domestic sales have also come back to life. Our systems are the best in the world, grounded in real-world pricing, and we are seeing a shift in the market favoring our simulators over other, single-screen systems available today. I am confident in my belief that we do have the right product at the right time.
However, the U.S. government buying machine does not "turn-on-a-dime" (no pun intended); but, neither does it pass up a good deal for the government, especially when it can both save American lives and contain costs - certainly a win-win situation, and one we have worked hard to successfully create -- that strategy now appears to have begun to pay-off.
I apologize for missing the opportunity to communicate with you last week; however, it was due to a very important sales junket to the Middle East where I personally visited with dignitaries and representatives from several Middle Eastern countries and companies needing anti-terrorism preparedness training and equipment. I have actively been laying the needed groundwork for increasing sales by focusing on widening our market share through new relationships and sales initiatives, strategic partnerships, and increased breadth of product offerings that allow the sale of more systems to a wider range of customers than ever before. I have also insisted on enhanced marketing support, to ensure adequate market reach and enhance market channel growth.
I returned back to the States last Thursday, and am now busy making the necessary preparations for our upcoming discussion I intend to soon host regarding our future opportunities and challenges. Together, as fellow shareholders, we will move this company toward success. Rest assured, my focus, as I have succinctly stated on several occasions, will be to grow this company through increasing sales, and complementary acquisition where it makes fiscal sense to do so.
These are simply my personal comments and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to any investment in VirTra Systems. I respectfully refer you to VirTra Systems' filings with the United States Securities and Exchange Commission.
--Major General Perry V. Dalby (USA-Retired), VirTra Systems' CEO
I called Steven Haag to voice my concern and have not heard back from him. My 200,000 shares are a resounding NO.
Is this a "REAL" sale to Mexico? Fool me once shame on you fool me twice shame on me.
RB, Thanks for continuing to offer information on VTSI. Your insight is very informative and appreciated. As always, best regards.
Richard
Anybody else tired of the words "soon" and "in the near future". How about now? How about these are the sales we have pending? How about this is what we have done to improve the company since I have been on board? Also, I am freaking tired of hearing that we have the greatest staff and the greatest products and NO sales! This sales staff has not produced for many years period.
RB...Thanks for the insight. It is very much appreciated.
NO MORE DUTCHESS. Big positive to me.
Here is what was said on the recapitalization. As with any merger there is a recapitalization of the new combined company's stock. Period. That's it. No details, no terms.
I will not be replying to anyone nor posting any additional DD. Life is too short to deal with such negative people.
Merry Christmas to all and to all a good night.
weo...please do not put billpr in the long category. You must be kidding.
Sorry for the multiple posts, my computer is having problems.
Doug...You are right. The bashers will call it what they will. In actuality you have the same value, but a much stronger, profitable, cash flowing company that will move off of the pinks and have no more Dutchess line. Sounds like a great deal to me. The longs will understand this and the bashers will bash.
Doug...After the merger and recapitalization the Dutchess line should be paid off. The company should be profitbale and cash flowing so that there is not a need for the Dutchess line and the issuing of shares should stop.
weeble...wait until the merger details come out and decide if the company is stronger pre or post merger. My feeling from Kelly is that the merger positions them to get off of the pinks as well as strengthening the balance sheet, makes them profitable and further opens lines of communications with the military.
fool...I agree. Good faith on the merging companies not trying to renegotiate evn though they are running well ahead of projections used in the original valuation.
TEEROY...What I was trying to say was that several branches of the military are already customers of the company. They sell product used in the Bradley vehicles. They have relationships already in place with the military and could greatly benefit VirTra with getting them "face time" with the decision makers.
I had lunch with Kelly today...
Let me start this by saying that if you have never taken the time to talk with Kelly either in person or by email you are missing out. Anybody invested in or thinking of investing in VTSI should do their own due diligence, but part of that due diligence should include talking with Kelly. Not many CEO's would take time out of their schedule to answer your questions. Thanks again Kelly.
Now to the discussion. After talking about how UT is going to beat USC (go Longhorns) we started in on VirTra. I have outlined the major points of the discussion below:
1) The trip to Asia went well. The market is huge and should prove fruitful very soon. A sale is expected to be announced to an important military branch of a country in Asia. Sale could be announced before year end.
2) Company wants to go to Europe for demonstartions as there have been numerous requests from several countries.
3) The company is in late stage negotiations with several U.S. military branches. These have been in negotiations for a longtime (1-2 years) but seem to be coming to fruition. These are for numerous systems. Kelly reiterated that the sales cycle is very long.
4) Immersadome has been very quiet. Several large proposals with Fortune 500 companies are on the table. Should know one way or the other before long.
5) Itsec was an absolute success. No other simulator came even close to VirTra's. I find it interesting that FATS chose not to bring any weapons (if you have them why not show them off) and other companies had to reboot their systems multiple times before they would work. Many many many flawless presentations by VirTra to multiple branches of the military.
6) I know there was another sale that should close soon, but for the life of me I can't remember the details. Sorry guys.
We spent a great deal of time discussing the proposeed merger and what this will/can mean for VirTra.
1) Formal agreement to be signed by year end. More regulatory documents to be filed but hopefully closing by 1st quarter 2006.
2) The merger will significantly recapitalize the company. Balance sheet will be much stronger than VirTra alone.
3) Companies are performing well ahead of projections but terms of the deal are not being renegotiated.
4) ProForma consolidated company will show profitability.
5) By mergering, several parts will be able to manufactured in house which will save the company money, especially when the large orders hit.
6) Merging companies already making sales to the U.S. military.
7) Dutchess should be paid off after merger. This will be big in and of itself.
8) Easier to raise capital and receive more favorable financing once comapnies are merged.
9) Expects to be on NASDAQ Small Cap or AMEX by mid to late 2006.
Have some of these points been made several times before? Yes. Have some of these been promised for a long time? Yes. Will they finally come through? That's for you to decide. My vote is yes and I am more confident than ever in Kelly and VirTra's pending success. This was the most upbeat that I have ever seen Kelly. He had a quiet confidence about him that this thing is about to take off sooner rather than later. He mentioned numerous times that the merger was done on very favorable terms and that we should be very happy once the details emerge. Guys this has been a long road but the light at the end of the tunnel is closer and brighter than ever. I hope the longtime shareholders stick it out a little longer.
WRONG! "Dynalyst is already profitable." Why not read the shareholder letter before passing judgment?