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Newsletter
January 22, 2004
Volume V, Issue 7
Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:
 

VirTra Systems (OTC BB: VTSI)- Finds New Clients In Far Corners of the World

Today was a red letter day at VirTra Systems. Just after the market closed, VirTra Systems announced the company received its first purchase order for a 3D Judgemental-Use-Of- Force Training Simulator from another continent on the other side of the world.

Nikunj Eximp Enterprises purchased the IVR-300™ HD, a 300-degree situational awareness and judgmental use-of-force firearms training system. Nikunj is a large supplier of military equipment to the military and police forces in India.

India has now joined Mexico as the first two foreign countries to purchase their initial training system. 

In addition to the news of the sale to India, earlier today VirTra Systems announced Red Baron pizza is not only renewing the contract for its traveling virtual reality attraction, Red Baron is also going to upgrade the system.

For those of you who need a refresher course, VirTra Systems is a virtual reality specialty company. In 2003 the company developed and introduced two very high end Judgmental Use Of Force Training Simulators designed to meet the training needs of both homeland security and military entities world wide. One system is fixed, the other is portable.

As terrorist violence continues to escalate on a world wide basis, demand for quality training simulators which put the trainee in a three dimensional, highly realistic, simulated environment is growing rapidly.

VirTra got its foot in the door last year with a sale to Mexico and a simulator sale used for recruiting purposes by the US Army. Today, VirTra has followed up with its first purchase order from the Far East. The company also received high profile press when its simulator was featured on the cover of the November/December edition of Police Marksman Magazine. This article fostered a high volume of inquiries on their simulators.

VirTra was one of the OTC Journal's biggest wins in 2004. I first featured the company on July 15th at $.10. In October, the stock made a high trade of $.47, for a total move of 370% over three months.

As you can see from the chart, the stock has since completed of 50% retracement of the 370% move, offering potential new shareholders and current shareholders an opportunity to open or add to positions at a lower risk level.

All the reviews I have read on VirTra's products lead me to believe they have the best training simulator on the market. Demand is growing, and orders are beginning to flow. 

With each initial order, multiple follow on orders are contemplated. If and when multi unit orders come, I believe shares of VirTra Systems stock have the potential to trade to $1.

The stock has been drifting down recently on very light volume. Today's news should turn it back up. Multi unit orders should take us to new highs if and when they come. Multiple unit orders will take a lot of risk out of owning the stock, and you will probably have to pay a lot more for the reduced risk. That's why it makes sense for risk oriented investors to look at the stock now. 

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

Press Release Source: VirTra Systems, Inc.

VirTra Systems Announces Simulator Sale to India

Thursday January 22, 4:04 pm ET 

ARLINGTON, Texas, Jan. 22 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News) today announced its initial sale to the Defense & Security Systems Division of Nikunj Eximp Enterprises Pvt. Ltd., in Mumbai, India.

"Nikunj is a large, multi-million dollar Indian company serving the technological needs of Indian law enforcement and military," commented Michael Kitchen, VirTra Systems' vice-president of training/simulation. "This is very significant for both VirTra Systems and Nikunj. With India's military and police expected to purchase millions of dollars in required simulation training this year, both companies are prepared to facilitate these requirements and have planned accordingly."

"We anticipate continued sales in international channels, and expect our numerous demonstrations, on-going negotiations, and attendance at one of the industry's top trade shows in March to accelerate our products' domestic market acceptance," Kitchen concluded.

Nikunj Eximp Enterprises purchased the IVR-300(TM) HD, a 300-degree situational awareness and judgmental use-of-force firearms training system.

VirTra Systems' IVR(TM) training simulators are the only 360-degree capable, high-definition resolution situational awareness training systems currently available for law enforcement, military, and security training applications.

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. To find out more, 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.

For further information, please contact media relations, Mike Hiles, principal of MPH, +1-310-234-3200, mhiles@mphpr.com, for VirTra Systems, Inc. 

--------------------------------------------------------------------------------
Source: VirTra Systems, Inc.



 


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