From the Wires
VirTra Announces Record Sales for Both December and Fourth Quarter 2012
By: Marketwire .
Jan. 8, 2013 05:15 PM
TEMPE, AZ -- (Marketwire) -- 01/08/13 -- VirTra Systems (PINKSHEETS: VTSI), a leading provider of firearms training simulation systems to military, law enforcement agencies and other organizations, today announced that the company has generated a record amount of sales orders for the month of December and for the fourth quarter of 2012.
During December 2012 VirTra received purchase orders totaling approximately $1.21 million, which marks a high point during the company's history for sale orders received in the month of December. These purchases were made by a wide spectrum of agencies from state and local law enforcement, military, international agencies and private security companies.
Sales orders received during the fourth quarter 2012 totaled approximately $2.65 million, which also sets a company record of purchases garnered during any fourth quarter in the company's 20 year history. A large portion of the sales volume was generated from on-site, regional demonstrations, where potential prospects can do a side-by-side product comparison to the existing competitors' products. In addition, prospects have an opportunity to engage with a number of current VirTra customers regarding their positive experiences with the product and cost effectiveness.
Aaron DeCorte, VirTra's Vice President of Sales, stated, "Our products continue to attract not just buyers, but raving fans, as customers respond to VirTra's best-of-class simulation products." Mr. DeCorte continued, "This growth underscores the movement toward VirTra as the new industry standard for judgmental use of force and marksmanship simulators."
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective small arms simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, 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.
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.
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