TEMPE, Ariz., May 25, 2016 (GLOBE NEWSWIRE) -- VirTra Systems, Inc. (OTC Pink:VTSI), a leading
provider of use of force simulators and firearms training simulators, today announced that it is has
received its first order for delivery of law enforcement simulators under the previously announced indefinite delivery/indefinite
quantity (IDIQ) contract by the United States Department of State (DOS) that could result in up to $40 million in revenue for
law enforcement training simulator equipment and services over the order period, which expires in April 2021, if all options are
exercised. This order comes from the DOS’s Foreign Assistance Program, will consist of training simulators, related accessories and
training for two separate locations in Mexico, and is for approximately $286,000.
“It is an honor to supply the first systems under this IDIQ contract in support of the U.S. Foreign Assistance
Program,” said Bob Ferris, Chairman and CEO of VirTra. “Our commitment is to exceed our customer’s expectations and deliver the
most effective training simulator equipment available. We are hopeful that this initial order will be the beginning of a
number of follow-on orders for Mexico.”
The simulators are expected to be used “in basic and advanced weapons training for developing proficiency in
marksmanship, use of force judgment skills, close quarters shooting skills, tactical reloading and weapon malfunction clearing
related to typical situations which law enforcement personnel face in the execution of their duties.”
About VirTra
VirTra is a global leading provider of the world's most realistic and effective judgmental use of force
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.
www.VirTra.com
Forward-looking Statements
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. In particular, with respect to the IDIQ contract, there can be no assurance VirTra will
receive additional orders thereunder. 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.
Investor Relations Counsel Larry Clark Financial Profiles, Inc. (310) 478-2700 vtsi@finprofiles.com
