TEMPE, AZ--(Marketwire - Sep 19, 2012) - 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 added a new distributor in Canada and generated a record amount of sales orders for the month of August.
Tundra Strategies, a Canadian corporation and a member of the Tundra Group of companies, has become VirTra's exclusive distributor in Canada. The Tundra Group is an innovative risk and security management organization that provides comprehensive, creative and integrated risk mitigation and asset protection solutions along with high quality military and emergency services training. Tundra will actively distribute VirTra to law enforcement, military and other government organizations in Canada. In addition, Tundra has purchased a VirTra 300 for use at its training facility to incorporate into its own training programs including close protection, hostile environment training and tactical firearms courses.
Rob MacIntyre, CEO of Tundra Group, commented, "After more than twelve months of research on multiple combat simulator systems, Tundra decided on purchasing and incorporating the Virtra 300 into its training programs. We were looking for a cost-effective product that would allow us to augment and easily integrate a simulator system into some of our current tactical training programs." Mr. MacIntyre continued, "We wanted the system that assists in teaching situational awareness, judgmental training and decision making under stress in a realistic manner, and we received that and much more when we finally decided to acquire the VirTra 300."
In addition, during August 2012 VirTra received purchase orders totaling more than $1.25 million, which marks a high point during the company's history for purchase orders received in the month of August. These purchases were made by a variety of customers including municipalities at the city and county level, local and federal law enforcement, military, state university, and security and other private sector companies.
Aaron DeCorte, VirTra's Vice President of Sales, stated, "We are proud to form a relationship with Tundra Strategies as our new distributor in Canada and look forward to a strong partnership." Mr. DeCorte further commented, "The record purchase order volume our sales team achieved in August is very encouraging as is the diversity of customers who are demanding VirTra simulators and related products. We believe this illustrates that these diverse customers have all determined that next generation small arms simulation training is important to their preparation and success and we look forward to building off of this positive momentum."
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.