VirTra Posts 80% Growth and Profits in 1st Quarter 2009 Report

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Wed May 27, 2009 10:00am EDT

TEMPE, Ariz.--(Business Wire)--
In spite of the current economy, one company continues to dramatically improve
across the board. Bob Ferris, VirTra Systems' CEO and president (Pink
Sheets:VTSI), today announced that VirTra had another record breaking quarter.
VirTra Systems is best known for selling the world`s most effective and
realistic firearm training systems (FATS) to both law enforcement and military
organizations throughout the world. With today`s announcement, VirTra has now
posted four consecutive profitable quarters since new management took control
approximately 1 year ago. 

For the quarter ending March 31, 2009, gross revenue grew 80.6% from $522,165
(in first quarter 2008) to $942,957, due to an overall increase in sales
activity. 

Net income from operations increased from a loss of ($291,344) for 1st quarter
2008 to a gain of $235,097 for first quarter 2009, this is an increase in
operating profit of $526,441. 

Net gain per share for the first quarter of 2009 was a profit of $.0016 versus a
loss of ($.004) per share in 2008. 

Overall, VirTra has made significant improvements in financial performance as
compared to first quarter 2008. For quarter ended March 31, 2009, net income is
$218,275 compared with a loss of ($518,221) during Q1 2008. Net income improved
a remarkable $736,496 in first quarter 2009 as compared with first quarter 2008.


To access the full financial report:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=21222

Bob Ferris, CEO and president of VirTra, said, "The fantastic first quarter
results are an amazing feat for any company; however, 80% growth has exceeded
all expectations. We are a very blessed company, with the right employees, the
right products, the right customers and the right markets." 

About VirTra Systems

The company produces the best-in-class firearms training simulators for both law
enforcement and military customers throughout the world. VirTra is the higher
standard in simulation: from exceptional customer service to unparalleled
technology like 360 degree HD training platforms and the Threat-Fire safe return
fire system (patent pending). When training realism matters, military and law
enforcement professionals consistently select VirTra`s simulators to help save
lives. www.virtra.com. 





Street Relations, Inc.
Jed Wallace, 310-403-0559
jed@streetrelations.com

Copyright Business Wire 2009

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