Newsletter

October 30, 2003

Volume VI, Issue 108

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To OTC Journal Members:

VirTra Systems (OTC BB: VTSI) Keeps the Party Going

Investors have been piling into VirTra Systems for the last six weeks, and they seem to have it right. The company clearly has momentum, and its being reflected in the stock price.

The chart looks very similar to a chart of the NASDAQ. The stock simply does not want to trade below its support line. Therefore, until proven otherwise, shares of VTSI continue in a solid uptrend. Congratulations to those who were skilled enough to pick some up when it traded down near support. Today's news has the potential to push the stock to a new high.

When reading the technical tea leaves, volume is another important factor along with price movement. The average volume of VirTra is now about 400,000 shares per day, up from about 100,000 when we first published on the company in July. Over the last few days the volume has dropped prolifically, suggesting anyone wishing to avail themselves of a 100% to 300% profit has already done so. Therefore, with the supply side drying up, demand should send the stock back up the charts.

The demand side of the equation could be answered with today's news, which came out just after the closing bell. VirTra announced the sale of another IVR-360™ judgemental use-of-force training simulator.

This time the City of Chihuahua, in the Republic of Mexico is purchasing the unit to help train its police force. The scenarios will be developed next month for shipment and installation in December. The scenarios will be developed in Spanish, which opens the door to a massive International market for the company's products.

Unfortunately, growing world wide violence and terrorism is driving demand for larger and more skilled military and police forces. VirTra system has developed the state-of-the-art virtual reality training systems, and sales are growing rapidly.

As I mentioned in the last edition on VirTra, the company and its virtual reality use-of-force simulators are featured as the cover story in the current bi-monthly publication of "Police Marksman". I hope to be able to publish a reprint of the story next week sometime. Stand by.

Long term target price (next year sometime): $1 if the company keeps delivering.

Here is the complete text of today's news release for your review:

Press Release Source: VirTra Systems, Inc.

VirTra Systems Announces Simulator Sale to Chihuahua, Mexico

Thursday October 30, 4:11 pm ET

ARLINGTON, Texas, Oct. 30 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News) today announced another purchase order for its IVR- 360(TM) training simulator, this one from the City of Chihuahua in the Republic of Mexico.

Under terms of the sale, VirTra Systems will ship a 300-degree force- option training simulator, and create a Spanish-language scenario library specifically filmed and customized for Chihuahua's police force. Scenario development is scheduled for next month in Mexico, with delivery scheduled in December.

"Mexican agencies are progressive in their acceptance and implementation of technology from the United States to train military and law enforcement personnel," commented Michael Kitchen, VirTra Systems' vice-president of training and simulation sales. "I anticipate steadily-increasing sales activity from international and domestic agencies for our IVR(TM) series of situational awareness and use-of-force training simulators."

"This demonstrates how quickly VirTra Systems is able to shift gears, delivering product specifically tailored to the customer's needs," stated Bob Ferris, VirTra Systems' president.

"We are pleased that our IVR training simulators continue to earn positive international acceptance," stated L. Kelly Jones, VirTra Systems' chief executive officer. "This sale, coupled with our ever-increasing demonstration schedule, clearly reflect that military and law enforcement decision-makers, both at home and abroad, are recognizing that VirTra Systems is providing the most advanced law enforcement simulator technology available."

About VirTra Systems

VirTra Systems is the leading producer of turnkey immersive virtual reality(TM) systems, providing 360-degree, interactive photorealistic environments to commercial enterprises and governmental agencies. The Company's virtual reality 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. To find out more about VirTra Systems, visit the corporate website at www.virtrasystems.com , or the company's 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
--------------------------------------------------------------------------------
Source: VirTra Systems, Inc.

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