VirTra Inc (VTSI)

[ByloCellhi]

Sub Penny

Bid $0.008 by $0.01

It is over folks!!!

"In spite of 2007's best ever performance by the Company, cash flow remains precarious

In spite of 2007's best ever performance by the Company, cash flow remains precarious and intermittent, as the responsibilities of the U.S. military continue to drain needed capital for large training initiatives. However, this is a normal occurrence during times of war, and I do expect relief in the future as our foreign activities wane.
Our products are simply the best of class, and have certainly changed the market. That is a verifiable fact within the market.

As important as timing is for sales, it is also important regarding management, and is why I have decided to step down as CEO and director of the Company. Not because I have given up, quite the contrary, it is because I feel I have added as much as I could, cleaning up as many of the Company's ills as possible: we resolved the lawsuit with the former CEO, built product and shipped it out the door, finishing 2007 with the largest training revenues to-date, we effectively negotiated an unprecedented balloon-style payment with the IRS ensuring the company's viability during repayment, and have at least temporarily stopped the predatory debenture after repaying many times its value in common stock.

Now, all that is left is to maintain an aggressive sales and marketing initiative to continue the growth of the Company.

I don't not retire without a few regrets, I certainly wanted to accomplish more during my tenure; but, I remain proud of our accomplishments and successes as well.

VirTra Systems has won a few strategic "battles" over the past two years; but, the "war" continues. It is for these reasons I feel that turning over command to a new management team is the best move for the Company's growth from this day forward. Although I will miss the challenges, I steadfastly believe it is the right thing to do for the Company."

I guess this wasn't proofread - "I don't not retire"?