SOURCE: VirTra Systems

VirTra  Systems

April 20, 2011 11:35 ET

VirTra Systems Engages Auditing Firm of Moss Adams and Plans for NASDAQ Listing

TEMPE, AZ--(Marketwire - Apr 20, 2011) - Bob Ferris, VirTra Systems' CEO (PINKSHEETS: VTSI), today announced that VirTra has engaged the auditing firm of Moss Adams, LLP to perform a full financial audit of VirTra for both 2010 and 2011.

The audit of 2010 and 2011 is scheduled for completion in early 2012.

VirTra is also planning to register to become a reporting company once again with the U.S. Securities and Exchange Commission; the audit will be undertaken with this objective in mind. The audit and the registration as an SEC reporting company will be the next steps that VirTra will be completing in connection with a planned application to move onto NASDAQ as soon as possible in 2012. VirTra's first step is seeking shareholder approval of a reverse stock split, which should elevate VirTra's stock price to a level needed to meet NASDAQ requirements.

About VirTra Systems
VirTra Systems, Inc. offers the world's most realistic firearms training simulators for Military and Law Enforcement customers around the globe. VirTra is the highest standard in simulation, offering a full range of the finest firearms training systems to fit any budget, the world's best simulated recoil systems, and the ability to add and measure real stress during training with the Threat-Fire™ return fire system (patent pending).

About Moss Adams
Moss Adams LLP is the 11th largest accounting and consulting firm in the United States, and the largest headquartered in the West. Founded in 1913 and headquartered in Seattle, Washington, Moss Adams has 20 locations in Washington, Oregon, California, Arizona, and New Mexico. Their staff of over 1,700 includes approximately 220 partners. Moss Adams provides accounting, tax, and consulting services to public, private, and nonprofit enterprises in many different industries.

Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events.
VirTra and the VirTra logo are trademarks of VirTra Systems, Inc.

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