Emerging Equities has added VTSI for 8/3/04 “WATCH LIST”
Emerging Equities has added VTSI for 8/3/04 “WATCH LIST”
For Immediate Release
August 3, 2004
Emerging Equities has added VTSI for 8/3/04 “WATCH LIST”
TORONTO, ON, August. 3, 2004
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VIRTRA SYSTEMS INC (OTCBB: VTSI)
VirTra Systems Granted GSA Contract
2004-08-03 08:22 ET - News Release
ARLINGTON, Texas, Aug. 3 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (BULLETIN BOARD: VTSI) today announced it has been accepted under the terms of the General Services Administration (GSA) solicitation number 2FYG- JH-00-0002-B, Schedule 69, Training Aids and Devices.
Acceptance of VirTra Systems by the GSA, the purchasing and management agency for the federal government, permits the company's products to be sold directly to any federal agency without undergoing the otherwise required lengthy competitive bidding process.
"In 2001, federal civilian agencies and the Department of Defense recorded $215.7 billion in goods and services procured through the GSA," stated Michael Kitchen, VirTra Systems' vice-president of training and simulation.
"Now, when a federal agency desires to procure equipment from the company, it can do so from the GSA schedule in about 15 days, versus the approximately 270 days for non-GSA procurement. I expect this listing to greatly assist sales of our training simulators," Kitchen concluded.
"We also included our promotional virtual reality products in the GSA schedule, including the new Immersa-Dome(TM)," commented Tom Milks, vice- president of advertising and promotion. "Government agencies use these products for advertising/promotion, as well as immersive training. For example, the U.S. Army currently uses VirTra Systems' products in its nationwide mobile recruiting drive. This acceptance significantly expedites the procurement process, and we anticipate additional advertising/promotional sales resulting from this GSA listing."
About VirTra Systems
Utilizing patented technology, VirTra Systems markets combat, marksmanship, and situational awareness/judgmental firearms training systems to domestic military agencies such as the U.S. Air Force, and to national and international law enforcement agencies. The company also produces custom advertising/promotional virtual reality systems utilizing the sensations of motion, touch, sound, and smell for clients such as Buick, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit the corporate website at http://www.virtrasystems.com/ , or the training/simulation website at http://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.
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