As the 2018 calendar year comes to a close, looking back at what you have accomplished can be a great way to prepare for what’s coming next. VirTra has had quite the busy year from new use of force products and partnerships to ringing the bell at NASDAQ in New York City. In case you missed it, here is what VirTra has been up to over the course of 2018:

25th Anniversary: Since 1993 VirTra created the law enforcement and military training technology that is now an industry standard and has set the trends that many have tried to duplicate. This ingenuity has allowed VirTra to celebrate our 25th anniversary by ringing the bell at NASDAQ on August 21st, 2018. The company’s primary focus is developing and delivering the world’s finest firearms and use of force training simulation systems. We are committed to providing better and more realistic training, so Officers will succeed when lives are at stake. VirTra clients across the world rely on our training simulation systems to increase the chances of successful missions and surviving lethal encounters.

New Partnerships: VirTra has partnered with eight nationally recognized partners in their respected industries on the new curriculum programs and new scenarios to include Force Science Institute, Vistelar, Haley Strategic, Trijicon, National Sheriffs’ Association, National Law Enforcement Center on Animal Abuse (NLECAA), Office of the Utah Attorney General, and Southwest Autism Research & Resource Center (SARRC). We are proud to have these fantastic partners help develop the curriculum to adapt to what is needed by officers everywhere.

New Training Simulator Product: Our new training simulator product, V-VICTA™ stands for VirTra- Virtual Interactive Coursework Training Academy and is leading the way for training law enforcement departments to Teach, Train, Test and Sustain all in one solution. The newly developed coursework is certified by IADLEST which is recognized in all 50 states. The realistic quality and immersion of these new virtual training scenarios empower trainers for immediate advancements in their programs.

VirTra Team Updates: Last but not least, VirTra also recently announced the addition of the VTC VirTra Training Coordinators to our customers as their perfect resource for all things training and VirTra related. We also recently had our own in-house law enforcement expert, Lon Bartel, become an IADLEST certified instructor. Together these improvements to our team will help elevate your training by becoming a valuable resource for sustaining your training program.

This year has flown by quickly, and we couldn’t be prouder of our team and the newly released products. We also have some exciting news coming in 2019 in addition to the next volumes of V-VICTA, which will be available shortly after the new year. Stay tuned after the new year to learn more!

VirTra is attending the upcoming 2018 Interservice/ Industry Training, Simulation, and Education Conference (I/ITSEC) taking place in Orlando, FL from November 26th-30th. The I/ITSEC conference serves as an excellent opportunity for key military trainers to learn more about what the simulation and training world has to offer. VirTra will be there to showcase our immersive V-300 simulator and the newest scenarios now available for our best in class system. Our weapons ranging from standard pistols and rifles to other new weapons kits like the M4, IWI CZ 805 Bren S1, and the Tavor X95 to name a few. These options pair perfectly with our system to allow your students to step into the sim and prepare for what they are up against in the real world.

VirTra has consistent and dependable training systems and the right tools to train your team on anything from firearms marksmanship, to more hot-button issues such as judgmental use-of-force, and verbal de-escalation training. We will be conducting live demos throughout the day at our booth to highlight the unique benefits of simulation training with VirTra for your team. There will also be a special edition 25th anniversary challenge coin given out for those that can complete our simulator challenge at the booth. Be sure to stop by booth #821 near the entrance to speak with our in-house experts and see how VirTra can take your training to the next level.

We look forward to seeing you there! Schedule a demonstration today.

TEMPE, Ariz. — Tuesday, November 13, 2018 — VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, reported results for the third quarter ended September 30, 2018. The financial statements are available on VirTra’s website and here.

Third Quarter 2018 Operational and Financial Highlights:

  • Total revenue was $3.5 million
  • At September 30, 2018, backlog totaled approximately $6.8 million
  • Launched nationally accredited coursework, VirTra-Virtual Interactive Coursework Training Academy (V-VICTA), to provide law enforcement agencies the ability to effectively teach, train, test and sustain departmental training requirements
  • Rang Nasdaq Opening Bell to celebrate March listing on the exchange

Third Quarter and Nine Month 2018 Financial Highlights:

All figures in millions, except per share data

Q3 2018

Q3 2017 % Δ YTD 2018 YTD 2017

% Δ

Total Revenue

$3.5

$4.7 -24% $15.5 $14.1

10%

Gross Profit

$2.1 $3.1 -33% $10.0 $9.3

8%

Gross Margin

58.8%

66.4% -12% 64.8% 65.7%

-1%

Net Income

$0.1

$0.7 -92% $2.1 $2.8

-25%

Diluted Earnings per Share (EPS)

$0.01

$0.09 -89% $0.25 $0.33

-24%

Adjusted EBITDA

$0.2 $0.9 -80% $3.3 $3.3

2%

Management Commentary
“During the third quarter, we continued to profitably grow our business and are on pace for a record 2018,” said Bob Ferris, Chairman and Chief Executive Officer of VirTra. “While our topline recognized revenue for the quarter was down, these types of quarterly fluctuations are part of our current business. Still, we achieved another quarter of both net income and adjusted EBITDA profitability.

“Nevertheless, we believe it is critical to bear in mind that our long sales cycle, as well as the timing of large contracts, necessitate evaluation of our results over a longer term. As such, we think attention to our financial performance for the first nine months of the year is appropriate, highlighted by 10% revenue growth to a record $15.5 million, $2.1 million in net income and $3.3 million in adjusted EBITDA. From an operational standpoint, we increased our backlog by $1.6 million to a total of $6.8 million. This improvement demonstrates the consistent execution by our expanded sales organization and the growing demand from law enforcement professionals around the world for our products.

“We are optimistic that in addition to this growing demand, the momentum we established in the first half of the year, the operational progress we’ve made this quarter by launching new products like the V-VICTA training courses and the additions to our backlog will result in another solid year for VirTra and continued growth and profitability over the long-run.”

Third Quarter 2018 Financial Results
Total revenue was $3.5 million compared to $4.7 million in the third quarter of 2017. The decrease in total revenue was due to lower sales of simulators, accessories, and scenarios.

Gross profit was $2.1 million (58.8% of total revenue) compared to $3.1 million (66.4% of total revenue) in the third quarter of 2017. The decrease in gross profit was primarily due to differences in the type and quantity of systems and accessories sold.

Net operating expense was $2.0 million compared to $2.4 million in the third quarter of 2017. The decrease in net operating expense was due to reduced accounting, legal, and consultant expenses quarter over quarter.

Income from operations was $80,000 compared to $752,000 in the third quarter of 2017.

Net income totaled $61,000, or $0.01 per diluted share, compared to $742,000, or $0.09 per diluted share, in the third quarter of 2017.

Adjusted EBITDA, a non-GAAP financial measure, totaled $174,000 compared to $874,000 in the third quarter of 2017.

As of September 30, 2018, cash and cash equivalents totaled $7.9 million, an improvement of $3.0 million from $4.9 million at the end of the prior quarter.

Financial Results for the Nine Months Ended September 30, 2018
Total revenue was $15.5 million compared to $14.1 million in the first nine months of 2017. The increase in total revenue was due to additional sales of simulators, accessories, licensing fees, warranties and other services.

Gross profit was $10.0 million (64.8% of total revenue) compared to $9.3 million (65.7% of total revenue) in the first nine months of 2017. The increase in gross profit was primarily due to differences in the type and quantity of systems and accessories sold.

Net operating expense was $7.2 million compared to $6.4 million in the first nine months of 2017. The increase in net operating expense was due to increases in general and administrative expenses.

Additionally, the nine months ended September 30, 2018 included an impairment loss on investment in That’s Eatertainment Corp., f/k/a Modern Round, LLC, a wholly owned subsidiary of Modern Round Entertainment Corp., a related party, recorded as operating expense. The year-over-year increase in professional services included non-recurring legal and public company expense directly related to the Company’s qualification and Securities and Exchange Commission registration and Nasdaq listing in March 2018.

Income from operations was $2.9 million compared to $2.8 million in the first nine months of 2017.

Net income totaled $2.1 million, or $0.25 per diluted share, compared to $2.8 million, or $0.33 per diluted share, in the comparable period a year ago. The decrease in net income is primarily due to a $769,000 increase in income tax expense.

Adjusted EBITDA totaled $3.3 million compared to $3.3 million in the first nine months of 2017.

Conference Call
VirTra management will hold a conference call today (November 13, 2018) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.

VirTra’s Chairman and CEO, Bob Ferris, and CFO, Judy Henry, will host the call, followed by a question and answer period.

U.S. dial-in number: 877-407-8031
International number: 201-689-8031

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 949-574-3860.

The conference call will be broadcast live and available for replay here and via the investor relations section of VirTra’s website.

A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through November 27, 2018.

Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 38838

About VirTra
VirTra (NASDAQ: VTSI) 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 practical and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

About the Presentation of Adjusted EBITDA
Adjusted earnings before interest, income taxes, depreciation and amortization and before other non-operating costs and income (“Adjusted EBITDA”) is a non-GAAP financial measure. Adjusted EBITDA also includes non-cash stock option expense and other than temporary impairment loss on investments. Other companies may calculate Adjusted EBITDA differently. VirTra calculates its Adjusted EBITDA to eliminate the impact of certain items it does not consider to be indicative of its performance and its ongoing operations. Adjusted EBITDA is presented herein because management believes the presentation of Adjusted EBITDA provides useful information to VirTra’s investors regarding VirTra’s financial condition and results of operations and because Adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in VirTra’s industry, several of which present a form of Adjusted EBITDA when reporting their results. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of VirTra’s results as reported under accounting principles generally accepted in the United States of America (“GAAP”). Adjusted EBITDA should not be considered as an alternative for net income, cash flows from operating activities and other consolidated income or cash flows statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. A reconciliation of net income to Adjusted EBITDA is provided in the following table:

Forward-Looking Statements
The information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “should,” “could,” “predicts,” “potential,” “continue,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the SEC. You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the Securities and Exchange Commission before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

Media Contact:
VirTra
info@virtra.com
480-968-1488

Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860

Download Full Financial Report Here.

FINANCIALS FOLLOWING

TEMPE, Ariz. — October 24, 2018 — VirTra, Inc. (Nasdaq: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, will hold a conference call on Tuesday, November 13, 2018 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2018. Financial results will be issued in a press release prior to the call.

VirTra management will host the conference call, followed by a question and answer period.

Date: Tuesday, November 13, 2018
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in number: 877-407-8031
International number: 201-689-8031

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 949-574-3860.

The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.

A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through November 27, 2018.

Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 38838

About VirTra
VirTra (Nasdaq: VTSI) 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.

###

Public Relations Contact:
VirTra
info@virtra.com
480-968-1488

Investor Relations Contact:
Matt Glover / Tom Colton
vtsi@liolios.com
(949) 5743860

The newly introduced V-VICTA® (VirTra – Virtual Interactive Coursework Training Academy) is already making an impact for law enforcement training. VirTra has partnered with nationally recognized partners in their respected industries on the new law enforcement training curriculum and new scenarios to include experts like Haley Strategic, National Sheriffs’ Association, National Law Enforcement Center on Animal Abuse (NLECAA), Office of the Utah Attorney General, Southwest Autism Research & Resource Center (SARRC) Trijicon, and Vistelar just to name a few. We are proud to have these respected partners help develop the curriculum to adapt to what is needed by officers everywhere.

VirTra is ensuring integration of what leading science has discovered about Simulation and adult learning and woven it into all of our material, which maximizes the effects of training time and increased abilities. We strive to ensure that Peace Officers have the best opportunity to train and serve their communities better.

VirTra has taken the science behind teaching and training psychomotor skills and integrated it into a comprehensive and full solution training curriculum. These law enforcement training courses provide a complete solution and integrate the classroom, the simulator, and testing to ensure the best efforts in the long-term, to achieve consistent performance from the students.

Before having V-VICTA, our customers have stated that it took them anywhere from 25 hours to a full 40 hours to create just ONE hour of curriculum for their department. Now they have 20+ hours of curriculum ready for use. Here are what some of our amazing partners are saying about the how our newest law enforcement training tool is elevating their training methods to teach, train, test, and sustain their team for years to come:

“Our collaboration with VirTra enables students — outside the classroom — to do “fire drills” using our tactics in real-world simulations of verbal conflict.”
– Vistelar

“This innovative program provides a methodology to assist agencies in the initial training on the use of a Red Dot Optic, and also to facilitate the ongoing maintenance of the skills by allowing for structured performance enhancing “boosters.”
– Trijicon

“This course will give them much-needed tools to recognize and address possible conflict with dogs instead of simply shooting an animal.”
– National Sheriff’s Association

“The new scenarios were created with a breadth of training and educational options seen in the multiple branches. VirTra curriculum developers worked with us to create a platform for effectively teaching constitutional policing principles.”
– Ken Wallentine Special Agent, Utah Attorney General

V-VICTA comes included with your law enforcement system and provides a whole new level of training to help your trainers think outside the simulator and keep your team prepared for the unexpected.  Even better, this is only the first volume to be released, and many more curriculum on crucial areas of training are still to come. Contact us to learn more about how you can add V-VICTA to your training curriculum.

TEMPE, Ariz. — September 25, 2018 — VirTra, Inc. (Nasdaq: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has officially launched V-VICTA™, an all-in-one solution designed to provide and support law enforcement training programs in an efficient and cost-effective manner.

V-VICTA, which stands for VirTra – Virtual Interactive Coursework Training Academy™, enables law enforcement agencies, through the use of our simulators to effectively teach, train, test and sustain departmental training requirements. The newly developed and nationally accredited coursework, when combined with the new VirTra Virtual Instructor™ (V-VI) and training scenarios, empowers trainers with immediate training program improvements.

The first volume of V-VICTA curriculum has met the standards set forth by the International Association of Directors of Law Enforcement Standards and Training (IADLEST) National Certification Program™ for POST Certification across 35 states yet recognized in all 50 states. These five products include “Contact and Cover Concepts,” “Human Factors in Force Encounters,” “Tourniquet Application Under Threat,” Axon® “TASER® Targeting,” and “Injured Officer Handgun Manipulation.” These curriculums have been thoroughly reviewed by IADLEST’s assessment team and have passed the rigorous independent review process.

“VirTra’s multi-year development efforts and industry-leading collaborations have resulted in a more robust training methodology where instructors are provided resources to alleviate any gaps, increase knowledge transfer and enhance the sustainability of the skill sets taught,” said company General Manager Jason Mulcahy. “VirTra has been on the cutting edge of advancements in law enforcement training as well as education for many years, and we believe V-VICTA is the next logical step in that progression. We look forward to working with our customers and partners in the coming months to maximize their success in working with this next-gen training resource.”

V-VICTA provides law enforcement trainers with the complementary accredited training components, including a master manual, student handouts, pre-testing material, and final exams. V-VICTA offers a unique and innovative alternative for a higher level of in-depth review at each training point. Additionally, throughout the simulation training, a Virtual Instructor is available with the relevant curriculum included within VirTra systems.

VirTra will be debuting V-VICTA at the International Association of Chiefs of Police (IACP) in Orlando, Florida on October 7-9, 2018. Our nationally recognized partners will participate in a group presentation during the product unveiling. Some of our notable speakers include Dr. Bill Lewinski (Force Science Institute), Jim Crosby (National Sheriffs Association), Ken Wallentine (Utah Attorney General Office), Chief Tom Poellot (Vistelar) as well as other representations from Trijicon®, and Southwest Autism Research & Resource Center (SARRC).

Together with our partners, VirTra is working to integrate specific scientific research and adult learning behaviors into its educational materials. This will maximize the impact of simulation training time and increase overall law enforcement capabilities. By taking the science behind training psychomotor skills and integrating it into a comprehensive curriculum, V-VICTA courses provide a complete solution combining the classroom, the simulator, and testing to ensure beneficial long-term results. VirTra strives to ensure that Peace Officers have the best opportunity to serve their communities.

To receive additional information or schedule a one-on-one meeting at IACP, please email training@virtra.com.

Forward-Looking Statements
The information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “should,” “could,” “predicts,” “potential,” “continue,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this Form 10-Q are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the SEC. You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the Securities and Exchange Commission before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

About VirTra
VirTra (Nasdaq: VTSI) 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 practical and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

###

Media Contact:
VirTra
info@virtra.com
480-968-1488

Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860

There are only 24 days left until the upcoming International Association of Chief of Police annual event in Orlando! VirTra is exhibiting at the annual IACP event and is excited to announce new products and cutting-edge technology solutions to showcase our next leap in innovation. While there are many reasons to attend IACP here are 5 reasons to make time to stop by our booth:

Live Demo- Our team will have live demonstrations of some of our newest advancements as well as interactive examples of our unique technology. Be sure to stop by and test your skills and see the VirTra simulators in action.  Schedule your demonstration here.

Next Level Training- when classroom training has become mundane and repetitive, it’s time for a new curriculum that can intertwine with your simulator experience so that your team can be prepared for any number of situations and have the variety that your squad craves to keep them on their toes. VirTra has the patented technology that helps keep your team trained well above the minimum requirements.

25th Anniversary Celebration- VirTra is excited to be celebrating our 25th anniversary at IACP Conference. Be sure to stop by for a demo and exclusive insight on the next wave of development VirTra has to offer for simulation training and you will receive a 25th anniversary silver edition challenge coin.

Newest Product- Our team has created new and exciting advancements when it comes to training your team to be prepared for any situation. We also have an exclusive new product launching you won’t want to miss.

Meet the Experts- In conjunction with the VirTra team who are seasoned experts who have over 200 years of experience in the law enforcement world, you can speak to industry recognized experts and valuable customers who use and believe in the VirTra technology for the last 25 years. Learn how the new solutions will integrate easily into your department’s

 

The California Peace Officer’s Association’s COPSWEST Expo 2018 is just around the corner, and VirTra is excited to be a sponsor, exhibitor and to showcase new and exciting products! Here are the basics you should know for VirTra at the COPSWEST:

Who: VirTra is the industry leading law enforcement simulation training company that created the first 300-degree five screen simulator and has since innovated numerous unique training tools and training simulators with a variety of advancements to help your team prepare for the unexpected while keeping everyone safe in a low-risk environment.

What: VirTra is at Booth #907 and will be holding live demonstrations to check out all the new products VirTra is introducing this year. Also, we will have a meeting room available for specific time slots to play out some of our most popular and newest scenarios to be showcased at the booth.  Schedule your demo with us here.

When and Where: The COPSWEST Conference is in the Sacramento, CA Convention Center starting September 17th-20th Booth #907 and our latest products will be demonstrated in Room #319 which you won’t want to miss!

Why: The COPSWEST show is a one of a kind gathering for officers up and down the coast to come to learn and are there to collaborate and find the best and brightest ideas to keep their team safe with the right combination of technology and innovation. Learn from our experts and check out the next revelation VirTra has created to help unify your training approach. Will we see you there?

TEMPE, Ariz. — August 27, 2018 — VirTra, Inc. (Nasdaq: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has been invited to present at the 7th Annual Liolios Gateway Conference, which is being held September 5-6, 2018 at the Four Seasons Hotel in San Francisco, CA.

VirTra management is scheduled to present on Thursday, September 6th at 10:00 a.m. Pacific time, with one-on-one meetings to be held throughout the conference.

The presentation will be webcast live and available for replay here and on the Gateway Conference website at www.gateway-conference.com/presenters.

To receive additional information, request an invitation or to schedule a one-on-one meeting, please email gateway@liolios.com.

About the Gateway Conference
The 7th Annual Gateway Conference is an invite-only conference presented by Liolios, a full-service financial communications firm. Gateway was created to bring together the most compelling companies with the nation’s top institutional investors and analysts. This year’s event features approximately 100 companies from a number of growth industries, including technology, business and financial services, consumer, digital media, clean technology and life sciences. The format has been designed to give attendees direct access to senior management via company presentations, Q&A sessions and one-on-one meetings. For more information, visit www.gateway-conference.com or www.liolios.com. To receive updates and highlights from #LioliosGateway, make sure to follow us on Twitter, LinkedIn and Facebook.

About VirTra
VirTra (Nasdaq: VTSI) 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.

###

Media Contact:
VirTra
info@virtra.com
480-968-1488

Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860

TEMPE, Ariz. — August 17, 2018 — VirTra, Inc. (Nasdaq: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has accepted an invitation to ring the opening bell at the Nasdaq Exchange on Tuesday, August 21, 2018.

The ceremony commemorates VirTra’s listing on the Nasdaq Capital Market in March 2018. Members of VirTra’s leadership team will join Chairman and CEO Bob Ferris to ring the bell.

“The ceremony is a celebration of our recent listing on the Nasdaq Exchange,” said Ferris. “Beyond that milestone, this moment symbolizes the culmination of 25 years of determination, hard work and a focus on improving and saving lives by creating superior and innovative solutions. This is an exciting time at VirTra, and we certainly couldn’t do it without the support and commitment from our extraordinary employees, customers, partners, and valued shareholders.”

The ceremony will be held at Nasdaq’s MarketSite in New York City and will be webcast live starting at 9:20 a.m. Eastern time via the following link: https://livestream.com/nasdaq/live.

About VirTra
VirTra (Nasdaq: VTSI) 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.

###

Media Contact:
VirTra
info@virtra.com
480-968-1488

Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860