To OTC Journal Members:
 

VirTra Systems (OTC BB: VTSI) Gets Traction and Is Speeding

Do you remember this picture from the May 17th edition entitled VirTra Systems Finally Starting to get Traction? Based on today's announcement, Virtra Systems has not only started to get traction, it is full speed ahead.

VirTra is establishing serious momentum on the sales front. The many overwhelming positive reviews the company is receiving on its virtual reality Judgemental-Use-Of-Force training simulators are translating to orders.

The GSA contract status awarded to the company by the General Services Administration of the Federal Government is paying off. In July, VTSI's products were added to the GSA list, which means any entity of the Federal Government can simply order their products without a lengthy bidding and review.

Today, VTSI disclosed it received an order for a specialized IVR-300 HD training simulator, which will be utilized for marksmanship qualification and military police training. The order, with a complement of 14 recoil training weapons and other accessories, is valued at approximately $500,000.

The system is scheduled for near-term delivery to a large U.S. Army base.

This is the second major purchase order the company has announced from the US Military this summer. The last, announced on July 12th, was for a $1 million system for an undisclosed branch of the US Military. It was the largest order in the company's history, and helped spark a nice rally in the stock.

It is clear VTSI is establishing a strong foothold with the US Military. The size of this market is immense and could eventually deliver several years of solid growth. If the current clip of announcements is maintained, it is fair to assume there will be more growth in the picture for VTSI between now and the end of year.

In the June quarter VTSI generated $375,000 in revenues, which was a 386% higher than the same quarter in the previous year, and 26% higher than the previous quarter.

If the two recently announced military contracts are both completed in the September quarter, this would suggest $1.5 million in sales. A $1.5 million result would translate to a 588% increase over the same quarter in 2003, and a 328% increase over the previous quarter.

A quick look at the chart reveals VTSI has been in a short term down trend since making a $.42 high on July 13th. A break above the downtrend line would be a bullish sign, albeit during an extremely lackluster season for stock market interest. Although difficult to make out on the chart, trades above $.33 could signal a trend reversal, and suggest higher levels in the short term.

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

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