TEMPE, Ariz., Jan. 09, 2018 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTCQX:VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced further expansion of its international business with the receipt of an order valued at $1.38 million with delivery to occur to a country in Africa.
“This expansion into a new country for VirTra in Africa is the latest step forward in our international growth strategy,” commented Jason Mulcahy, VirTra’s General Manager. “The selection of VirTra products by this new customer in a new market will help us to establish a base from which we believe we can further grow our presence in the region. We have a proven and successful track record of expanding our footprint following an initial sale in a number of countries, and we plan to leverage the success of this installation, and the benefits our industry leading system provides, to target additional opportunities.”
Bob Ferris, Chairman of the Board and Chief Executive Officer of VirTra, added, “I am increasingly confident about VirTra’s near-term and long-term prospects. Our plan to uplist to the Nasdaq Capital continues to progress, though the process is taking longer than we anticipated.”
VirTra is a global provider of training simulators for the law enforcement, military, educational and commercial markets. The Company’s patented technologies, software and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real world situations. VirTra’s mission is to save and improve lives worldwide through realistic and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
This news release includes certain information that may constitute forward-looking statements. Forward-looking statements are typically identified by terminology such as “could,” “may,” “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, and 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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