VTSI Purchases 5 Million Shares Of Common Stock
VIRTRA PURCHASES 5 MILLION SHARES OF ITS COMMON STOCK
TEMPE, AZ - June 30, 2009 - VirTra Systems, Inc. Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK), today announced VirTra has just purchased 5,000,000 shares of its common stock.
The stock was originally issued to General Perry Dalby, who sold it to Pine Springs Capital. VirTra Systems purchased the shares from Pine Springs Capital. The shares are to be retired and therefore will decrease the number of shares outstanding.
*How much did Dalby get it for, and how much did Virtra pay for it??
In an unrelated transaction, VirTra recently sold 1,000,000 shares of stock for proceeds of $35,000. Revenue from transactions like this will likely go toward fees associated with upcoming trade-shows.
VirTra signed the contract today to have a 40 x 40 booth with an IVR-300 HD™ simulator at the New York Law Enforcement Expo, which will be held on September 9th and 10th on Pier 94, in New York, NY. VirTra has already committed to a total of 4 tradeshows between now and the end of 2009.
“VirTra is committed to making smart decisions with regard to our equity. There are times when it serves the company’s best interest to purchase back shares of our stock and there are times when it serves the company’s best interest to sell shares of our stock. Every move we make is designed to strengthen and grow VirTra, while eliminating remaining liabilities.” said Bob Ferris, CEO and president of VirTra.
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About VirTra Systems
The company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 degree HD training platforms and the Threat-Fire™ safe return fire system (patent pending). When training realism matters, military and law enforcement professionals consistently select VirTra’s simulators to help save lives. www.virtra.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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