Newsletter

June 8, 2004

Volume V, Issue 57

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To OTC Journal Members:

VirTra Systems (OTC BB: VTSI): Full Steam Ahead

VirTra Systems continued gathering a head of steam today as the company announced its first sale to a US domestic law enforcement agency today just after the market closed. This order is significant, as it marks VirTra's first order of the IVR-300™ HD high-resolution firearms training simulator from a municipal police department.

Last month, VirTra delivered is second US military sale, after making the first sale to the Air Force.

The municipality, who's name was not disclosed, is building a new training facility. After seeing the VirTra simulator at the TREXPO show in Long Beach, they decided to redesign their new training facility in order to accommodate the IVR-300™.

I had the opportunity to demo the simulator at the TREXPO show. If I were a police officer, I would definitely want to train in this environment. Nothing at the show came close to simulating a hostile environment. I participated in one scenario where I intervened in a car robbery in a dark parking lot at night. I ended up being shot from behind. If I was a real police officer, the training I received in that scenario could have saved my life, or perhaps the lives of innocent bystanders in a judgemental-use-of-force situation.

As you can see from the chart, the long term uptrend in VirTra's stock which began last fall remains intact. The stock gave some ground early in the year, but was revived when the company announced sales to the DOD and the Air Force.

Like many of its small cap brethren, the stock has been grinding in a range for the last month. The stock did not give much ground in the April/May selloff, which is a bullish sign.

VirTra is hitting a lot of singles right now, which is keeping them ahead in the game. After having seen the technology vs. the competition, I believe it is just a matter of time before the big bats get up and start hitting them out of the park. I am looking for a home run on this one.

When the one and two unit orders get delivered, look for multi unit follow up sales. Time frame: later this year. That's when we'll have our best chance of seeing my long term $1 price target on this stock. In the interim, the company continues gathering momentum as the individual high profile sales keep rolling in. There's a lot of money to be made between here and $1.

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

Press Release Source: VirTra Systems, Inc.

VirTra Systems Sells Simulator to Domestic Law Enforcement Agency

Tuesday June 8, 4:00 pm ET

ARLINGTON, Texas, June 8 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News) today announced its initial sale of an IVR-300(TM) HD firearms training simulator to domestic law enforcement.

The respected southeastern police department selected VirTra Systems' new IVR-300(TM) HD high-resolution firearms training simulator for installation in its new facility, currently under construction, which will include integrated training and simulation facilities. The system will also include conversion hardware allowing service weapons to be converted into safe training weapons with realistic recoil.

Delivery will occur upon completion of the new facility.

"We are pleased the city council and its chief of police chose VirTra Systems' 360-degree capabilities over other alternatives," commented Jerry Long, VirTra Systems' director of training and simulation. "Although initially planning only an indoor firing range, the chief advised me, after viewing demonstrations of our new system, that the new facility will be modified to accommodate our simulator. Choosing onsite immersive simulation over a live fire range -- and adapting a new training facility currently under construction -- speaks volumes about the efficacy and future of 360-degree simulation and training in law enforcement."

"Our new IVR(TM) HD series continues to gain acceptance in the marketplace," commented L. Kelly Jones, VirTra Systems' chief executive officer. "With the recent simulator sales to the U.S. military, coupled with our recent multi-unit order for our new Immersa-Dome(TM) promotional virtual reality system, we have no doubt of increasing momentum for our new products in both markets."

About VirTra Systems

VirTra Systems utilizes patented technology to manufacture the world's most advanced immersive virtual reality(TM) systems and 3-D experiences. VirTra Systems markets combat, marksmanship, and situational awareness/judgmental firearms training systems to military agencies such as the U.S. Air Force, and to national and international law enforcement agencies. Using the sensations of motion, touch, sound, and smell, the company also produces custom advertising and promotional virtual reality systems for clients such as Buick, Chevrolet, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. 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
     Jed Wallace, publicist
     Los Angeles, California
     310 234-3200
     jwallace@mphpr.com

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

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