Firearms Training Simulators International Contract Exceeding $2 Million Won by VirTra
April 30 2013 - 7:05AM
Marketwired
VirTra (PINKSHEETS: VTSI), a leading provider
of firearms training simulators to military, law enforcement
agencies and other organizations, today announced the award of a
contract valued at a minimum value of USD $2+ million for firearms
simulators, simulated recoil weapons and accessories. The project
is for an undisclosed and new international customer and
destination for use by both police and military forces.
The project includes specially designed and highly advanced
tetherless simulated recoil systems compatible with both VirTra's
V-100™ marksmanship simulator as well as VirTra's V-180™ / V-300™
multi-screen ultra-realistic and effective training simulators. The
systems will also include a next generation scenario debrief
capability. A long list of other accessories and state-of-the-art
capabilities are planned for the simulation training center.
The engineering, production and delivery are to occur in
approximately 18 months or less.
Bob Ferris, Chief Executive Officer of VirTra, stated, "After
more than two years of extensive demos and detailed industry
research by the customer, VirTra is honored to be selected for this
prestigious international project. This project represents the
highest standard in marksmanship, use-of-force, and tactical
simulation capabilities in the world. Once installed, this
extensive training center will be an ideal location for full
demonstrations of VirTra's product capabilities to other agencies
throughout the country."
About VirTra
VirTra is a global leading provider of the world's most
realistic and effective shooting simulators. VirTra is the higher
standard in firearms training simulators, offering a variety of
simulator platforms, exclusive realistic simulation software,
powerful gas-powered recoil kits and the patented Threat-Fire™
simulated hostile return fire system. VirTra's products provide the
very best simulation training available for personnel that are
entrusted with lethal force and critical missions. The Company's
common stock is not registered under the Securities Exchange Act of
1934 and the Company does not currently file periodic or other
reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may
constitute forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are typically identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "proposed," "planned,"
"potential" and similar expressions, or are those, which, by their
nature, refer to future events. All statements, other than
statements of historical fact, included herein, including
statements about VirTra's beliefs and expectations, are
forward-looking statements. Forward-looking information is
necessarily based upon a number of assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information. Although VirTra
believes that such statements are reasonable, it can give no
assurance that such forward-looking information will prove to be
accurate. VirTra cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors.
Accordingly, due to the risks, uncertainties and assumptions
inherent in forward-looking information, readers and prospective
investors in the company's securities should not place undue
reliance on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof, is based upon the opinions and estimates of management and
information available to management as at the date hereof and is
subject to change. The Company assumes no obligation to revise or
update forward-looking information to reflect new circumstances,
whether as a result of new information, future events or otherwise,
except as required by law.
Investor Relations Counsel Rudy R. Miller Chairman,
President & CEO The Miller Group www.themillergroup.net tel:
602.225.0505 email: virtra@themillergroup.net
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