TEMPE, AZ–(Marketwire – Nov 17, 2011) – VirTra Systems (PINKSHEETS: VTSI), a leading provider of firearms training simulation systems to military and law enforcement agencies, today announced it has selected The Miller Group of affiliated entities comprised of Miller Capital Corporation, a well respected management consulting and strategic advisory, investor relations and venture capital firm and Miller Capital Markets, LLC, a FINRA member investment banking firm, to assist the company with its goals to expand its business, hone its financial strategy and strengthen its investor relations program.
Bob Ferris, President and Chief Executive Officer of VirTra Systems, stated, “At VirTra Systems we have strived to be leaders in the simulation market and therefore it was extremely important for us to locate the right partner to assist us through current and future growth opportunities and taking our business to the next level. We are excited to have found that partner in The Miller Group, with its proven track record in working with public middle-market companies and its experienced, professional executives who truly understand the opportunities and challenges facing growth companies.” Mr. Ferris continued, “We believe VirTra’s future is bright and we think The Miller Group’s addition will help propel VirTra to new heights.”
Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, commented, “We have monitored the progress of VirTra Systems for a few years and recently acquired shares in the open market through our venture capital entity. Our firm is extremely impressed with what Bob and his management team have been able to accomplish thus far and believe the company’s products are setting the standard in the industry. Therefore, our firm is pleased to have been selected by VirTra Systems as its strategic and financial advisor, investor relations counsel and investment banker, as it is a distinctive company that has a number of compelling opportunities.”
Mr. Miller continued, “Bob has made some strong additions to VirTra’s executive management recently and we believe our firm now rounds out the VirTra team. We traditionally work with NASDAQ, NYSE Amex and NYSE public companies but believe this is a unique company. We are enthused to bring our firm’s knowledge and experience to VirTra and look forward to assisting the management team in its efforts to maintain leading edge status in the simulation market and achieve greater heights through the implementation of new strategies and execution of those plans.”