CHANDLER, Ariz. — January 3, 2023 — The Board of Directors of VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement and military markets, has appointed a new independent member, Jim McDonnell, to the Board, effective January 1, 2023. Concurrent with McDonnell’s appointment, Jim Richardson, one of VirTra’s independent board members, stepped down as a member of the Board of Directors.
McDonnell is a recognized public safety executive and law enforcement leader. After a four-decade career in some of the most challenging areas and times in American policing, he has become a sought-after voice on public safety, security, and counterterrorism issues across the nation. He is well known for his experience serving as Sheriff of Los Angeles County (LASD), Chief of Police in Long Beach, California (LBPD), and First Assistant Chief of Police for the Los Angeles Police Department (LAPD).
McDonnell serves as a strategic advisor to several major corporations, municipal government entities, a renowned university, and a non-profit global policy think tank, operating in a wide variety of technology, telecommunications, medical, and public safety specialties. McDonnell also sits on several non-profit boards, including the YMCA of Metropolitan Los Angeles, the Peace Officers Association of Los Angeles County, and the University of Southern California Price School of Public Policy’s Board of Councilors.
McDonnell has a strong network of police executives across the nation at the federal, state, and local levels. He regularly participates in state and national police executive conferences, including those hosted by the U.S. Department of Justice, U.S. Department of State, Major County Sheriffs of America, Major Cities Chiefs Association, and the Police Executive Research Forum. Sheriff McDonnell is frequently requested as a speaker by media outlets, corporate clients, and academic institutions.
“It is a true honor to welcome Jim to our Board of Directors,” said Bob Ferris, Chairman and Co-CEO of VirTra. “Jim is one of the very best thought leaders in law enforcement today and brings a tremendous level of knowledge and expertise in public safety, tactical training, operational growth, and command accountability, as well as an expansive network within the nationwide policing community. We look forward to his contributions to our Company.”
McDonnell commented, “Through my decades of law enforcement experience I can personally attest to the value of VirTra’s world-class training solutions. While the Company has had notable success in penetrating the law enforcement market, I believe there is still significant growth potential for VirTra and am excited to be a part of bringing effective training to more officers.”
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators and firearms 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.
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
Tempe, Ariz. October 31, 2016 — VirTra, Inc. (OTC Pink: VTSID), a leading provider of judgmental use of force simulators and firearms training simulators, announced today that the Company’s Board of Directors approved the appointment of a new independent member, Mitchell A. Saltz, to the Board, effective November 1, 2016, increasing the number of independent directors to two and the total number of directors to four.
Mr. Saltz is a seasoned corporate executive and director with relevant experience in a variety of industries, including the firearms manufacturing and firearms safety and security products industries. He has served as a director of NASDAQ-listed firearms manufacturer Smith & Wesson Holding Corporation from 1998 and served as its Chairman of the Board and Chief Executive Officer from 1998 through 2003. Since Mr. Saltz assumed the role of CEO in 1998 and joined its board, Smith & Wesson has grown in size from a company with $70 million in annual revenue to a well-recognized firearms brand with $1.4 billion in market capitalization. Mr. Saltz has also served as the Chairman and Managing Partner of Southwest Capital Partners, LLC, an investment banking firm, since 2009. In addition, since October 2012 he has served as Chairman of the Board of NASDAQ-listed Quest Resource Holding Corporation, a provider of management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables. He is currently the Chairman of the Board of Modern Round Entertainment Corporation.
“We are delighted to welcome Mitch Saltz to our Board of Directors,” said Bob Ferris, Chairman and CEO of VirTra. “Mitch brings significant knowledge and expertise in finance, operational growth, and corporate governance and we look forward to his contribution to our Board and the Company. His appointment brings our Board to a composition of two independent directors, which is one of the requirements of obtaining a listing on the OTCQX market.”
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.
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.
Investor Relations Counsel
Financial Profiles, Inc.
TEMPE, AZ – September 27, 2010 – VirTra Systems, Inc. Bob Ferris, VirTra Systems’ CEO (VTSI.PK), today announced that Mr. Frank Stanley will step down from the board of directors and that Mr. Don Andrus (VirTra’s COO and President) will replace him as of October 1, 2010.
Mr. Andrus has a wealth of experience, having previously served on some of the most prestigious boards in the world. He served for 6 years as Chairman of the Board for Foley’s and served as Chairman of the Houston Better Business Bureau. Mr. Andrus also served as a prominent member of the following boards of directors: