TEMPE, Ariz., March 01, 2018 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTCQX:VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that the Financial Industry Regulatory Authority (“FINRA”) has processed VirTra’s request to complete its previously announced 1-for-2 reverse split of its common stock. As such, VirTra’s common shares will, effective March 2, 2018, trade on the OTCQX under the trading symbol “VTSID”. The new trading symbol with the appended “D” (denoting a split) will be removed 20 business days later and will thereafter revert back to “VTSI”.
As previously announced, this action is part of the Company’s efforts to qualify for and complete an uplist to the Nasdaq Capital Markets. In connection with the anticipated move to Nasdaq VirTra will register its common shares with the Securities and Exchange Commission, and VirTra will thereafter be subject to all the reporting obligations of a public reporting company. Despite these steps being taken by VirTra there can be no assurance that the Company's application for listing will be approved, and management cannot predict the timing of any decision.
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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