VTSI......from OTC
VirTra Systems was our single best performing idea of 2003- First introduced at $.10 last July 15th, the stock made a multi year high of $.47 last October- net return from introductory level to post coverage high: 370%.
The company completed the evolutionary process of entering an entirely new market for its virtual reality simulators in 2003. Investors got excited when VirTra Systems introduced revolutionary new training simulators used to simulate live "Judgmental Use Of Force" situations. The product is a training tool for military, security, and law enforcement.
Their new simulators received critical acclaim by many impartial third parties, and were widely hailed as the best product on the market. Complete with a 3D environment which includes sight, sound, and smell, this simulator is the only one on the market which allows the trainee to use the actual weapon he or she would use in a real situation.
The rise in the stock price was fueled by the first two simulator sales. Two foreign governments purchased trial units- one to Mexico and the other to an undisclosed customer. Investors started to believe, and the stock made a multi year high.
An absence of further Judgmental Use Of Force Simulators sales helped fuel a long over due correction in the stock, and the company has been quiet ever since- Until Today.
VirTra Systems (OTC BB: VTSI) Announces First Multi Unit Sale
Past editions I have written on VTSI contain one recurring theme: the long term success of the company will be predicated on landing multi unit sales.
A significant endorsement of the technology came today with the announcement of their first multi unit sale to an existing customer. Three states within the country of Mexico are taking delivery of the units. This is the second order from a customer who was one of the first purchasers.
The timing of this news release is ideal from both a geopolitical and technical view. After six months of relatively benign geopolitical activity, terrorism is once again on everybody's mind. Recent events in Spain, Pakistan, Taiwan, and the Gaza are fueling renewed global fear, and the market is correcting rather abruptly. This long overdue correction is heaven sent to bulls, as fear provides the fuel which will drive stocks to new highs.
The renewed climate of fear will put companies like VirTra Systems back on the radar screens of investors. Their product could be a key component for training of both military and national security forces world wide.
Technically speaking, the stock is perfectly positioned at a low risk entry point. As you can see from the chart, VTSI has completed a nearly perfect 50% retracement of it's 2003 gains, and has recently begun "drifting up" the chart. Today's news should help reassure market investors that VTSI is getting traction with the right product at the right time.
Mexico's three unit order helps reaffirm my belief that multi unit orders will fuel higher levels for VTSI. I still believe the company will enjoy many multi unit orders, and long term investors should be targeting $1 if the company continues to deliver.
Here is the complete text of today's news release for your review:
Press Release Source: VirTra Systems, Inc.
VirTra Systems Announces Multi-System Simulator Sale
Monday March 22, 8:31 am ET
ARLINGTON, Texas, March 22 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News) today announced receiving a purchase order for four IVR-180(TM) HD training simulators for delivery to Mexican state police agencies.
The order, received last week, is for four of the company's IVR-180 HD, 180-degree, high-definition firearms training simulators. One has already been shipped to Mexico City as a demonstration unit, while the other three are slated for delivery this summer. These simulators will be delivered to the states of Jalisco, Nuevo Leon, and Zacatecas.
"We are pleased to see our continued penetration of the international training/simulation market," commented Michael Kitchen, VirTra Systems' vice-president of training and simulation. "This marks our first multi-system sale, and we expect increasing sales activity as our simulators are installed and gain further visibility in the marketplace."
The sale, depending upon final weapons training and scenario options, is estimated to exceed $350,000.
VirTra Systems is the only current manufacturer of a complete line of high-definition resolution, 360-degree capable firearms systems for situational awareness and judgmental use-of-force training by military, security, and law enforcement agencies.
About VirTra Systems
VirTra Systems produces turnkey immersive virtual reality(TM) systems which utilize 360-degree, interactive photorealistic environments. The company's products incorporate the sensations of motion, touch, sound, and smell into promotional experiences for clients such as Buick, Chevrolet, Pennzoil, Red Baron(TM) Pizza, and the US Army. VirTra Systems also produces advanced training systems utilizing situational awareness and judgmental use-of-force scenarios for security and law enforcement agencies. For more information, visit the corporate website at www.virtrasystems.com, or the training/simulation website at www.virtratraining.com.
This press release contains certain forward-looking statements. Forward- looking statements are generally preceded by the words such as "plans," "expects," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. VirTra Systems urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
MPH
Mike Hiles, principal
Los Angeles, California
310 234-3200
mhiles@mphpr.com
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Source: VirTra Systems, Inc.
