TEMPE, Ariz. — June 10, 2022 — 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, announced today that the Company received notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) that its request for an extension to regain compliance with the Nasdaq Listing Rules has been granted. VirTra has until August 12, 2022 to file both its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Annual Report”) and its Form 10-Q for the quarter ended March 31, 2022 (the “Form 10-Q”) with the U.S. Securities and Exchange Commission. VirTra expects to file the 2021 Annual Report and Form 10-Q by August 12, 2022 and regain compliance with the Nasdaq Listing Rules.
As previously disclosed on April 7, 2022 and May 19, 2022 VirTra received notices from the Listing Qualifications Department of Nasdaq on April 5, 2022 and May 17, 2022, respectively, stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its 2021 Annual Report and Form 10-Q with the U.S. Securities and Exchange Commission. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required public financial reports with the SEC.
About VirTra, Inc.
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving 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.
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 Securities and Exchange Commission (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 SEC 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.
Investor Relations Contact:
Matt Glover and Jeff Grampp, CFA
Gateway Group, Inc.
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.
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Media Contact:
VirTra
info@virtra.com
480-968-1488
Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860
Registration Declared Effective by SEC; Uplist and SEC Reporting Anticipated to Improve Liquidity and Expand Potential Audience of Shareholders
Tempe, Ariz. March 27, 2018 — VirTra, Inc. (OTCQX: VTSI / VTSID), (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that its common stock is expected to begin trading on the Nasdaq Capital Market, under the ticker “VTSID”, on March 29, 2018. In connection with the move to Nasdaq, VirTra has registered its common shares with the Securities and Exchange Commission (“SEC”), and as such, VirTra will be subject to all the reporting obligations of a public reporting company going forward. On or about April 2, 2018, it is expected that the “D” will be dropped from VirTra’s ticker symbol with the company then trading on the Nasdaq Capital Market under the ticker “VTSI”.
“This is an important milestone in the progression of our company towards our vision of improving and saving lives through the effective use of technology,” commented Bob Ferris, Chairman of the Board and Chief Executive Officer of VirTra. “We are very pleased to move to the Nasdaq Capital Market, a transition which we expect will meaningfully expand our audience of potential investors and improve access to growth capital, ultimately creating enhanced growth opportunities and liquidity for our loyal shareholders. I deeply appreciate all the efforts of the employees, customers, shareholders and vendors who have supported VirTra over the years and enabled us to reach this accomplishment.”
VirTra applied to the Nasdaq on October 10, 2017, contingent upon meeting Nasdaq’s initial listing standards and the qualification by the SEC of its planned Regulation A+ offering of common stock pursuant to an Offering Statement filed with the SEC on September 11, 2017. We have registered our common stock under the Exchange Act using Form 8-A12(b).
“We decided to register our company with the SEC and list on Nasdaq Capital Market before concluding our Regulation A+ Offering and therefore did not raise any funds during the offering,” Mr. Ferris added. “By filing our periodic results with the SEC, we will improve transparency for our shareholders, and this represents another important consideration for the investors we hope to attract.”
About VirTra
VirTra is a global provider of training simulators for the law enforcement, military, educational and commercial markets. VirTra’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 VirTra at 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. VirTra cautions investors that any forward-looking statements it makes 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 VirTra’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. VirTra 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.
Media contact:
VirTra
info@virtra.com
480-968-1488
Investor Relations contact:
Brett Maas
vtsi@haydenir.com
(646) 536-7331
Tempe, Ariz. — February 20, 2018 — VirTra, Inc. (OTCQX: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that the Company’s Board of Directors has filed a request with FINRA to authorize a 1-for-2 reverse split of its common stock as part of the Company’s efforts to qualify for and complete an uplist to The NASDAQ Capital Market. In connection with the anticipated move to The NASDAQ Capital Market, we will register VirTra’s common shares with the Securities and Exchange Commission, and VirTra will thereafter be subject to all the reporting obligations of a public reporting company. With the successful implementation of the reverse stock split, and provided that the Company’s common stock meets the NASDAQ minimum bid price requirement, the Company believes it will meet all requirements for listing VirTra’s common stock on The NASDAQ Capital Market and will thereafter move as quickly as possible to secure an uplisting. Despite these steps being taken by VirTra there can be no assurance that the Company’s application for listing will be approved.
In the reverse stock split, every two shares of issued and outstanding common stock will be converted into one share of new common stock, with all fractional shares being rounded up to the nearest whole share. No fractional shares will be issued in connection with the reverse stock split. The reverse stock split will reduce the number of shares of issued and outstanding common stock from approximately 15.85 million pre-split shares to approximately 7.9 million post-split shares. Proportional adjustments will be made to VirTra’s outstanding stock options. Upon completion of the 1-for-2 reverse split each stockholder’s percentage ownership interest in VirTra, and the proportional voting power, will remain unchanged. In addition, the rights and privileges of the holders of VirTra common stock are unaffected by the reverse stock split. VirTra has requested that the reverse stock split become effective as of 5 p.m. ET on February 26, 2018, and accordingly the Company’s common stock is expected to begin trading on a post-split basis under the symbol “VTSID” at the open of trading on Thursday, March 1, 2018. The Company’s common stock will also be identified under a new CUSIP number (92827K 301). Before any listing of the common stock on The NASDAQ Capital Market could occur, NASDAQ will need to approve the Company’s application for listing. There can be no assurance that the Company’s application for listing will be approved.
“The Board of Directors firmly believes in the value that a listing on NASDAQ brings to the shareholders of VirTra, and we are confident that listing on a national securities exchange will be beneficial to our future,” commented Bob Ferris, Chairman and Chief Executive Officer of VirTra. “Having a track record of successfully completing high-tech simulator projects in increasingly larger numbers, we are now in a position to be considered as a potential supplier to larger municipalities, both within the United States and around the world. We believe that the transparency and marketability of attaining a national exchange listing will be an important factor for some customers. In addition, a national listing is also expected to improve liquidity for our shareholders and provide us the opportunity to reach an even larger audience of investors. In connection with the uplisting process, we expect to become an SEC registered company in the United States and for VirTra and its shareholders this will be another significant milestone to be achieved.”
About VirTra
VirTra 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.
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. 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.
Media contact:
VirTra
info@virtra.com
480-968-1488
Investor relations contact:
Brett Maas
vtsi@haydenir.com
(646) 536-7331
Tempe, Ariz. October 11, 2017 — VirTra, Inc. (OTCQX: VTSI), (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that on Tuesday, October 10, 2017, it applied to list its common stock on the Nasdaq Capital Market upon qualification by the Securities and Exchange Commission (the “SEC”) of its planned Regulation A+ offering of common stock with a minimum of $5,000,000 and a maximum of $10,000,000 pursuant to an Offering Statement filed with the SEC on September 11, 2017.
“We believe listing on the Nasdaq will provide our company with increased exposure to potential investors, greater liquidity for shareholders and enhanced access to growth capital,” said Bob Ferris, Chairman of the Board and Chief Executive Officer of VirTra.
We intend to apply to list our common stock on the Nasdaq Capital Market under the symbol “VTSI” after we register our common stock under the Securities Exchange Act of 1934, as amended (“Exchange Act”), upon the qualification of this offering. Our common stock will not commence trading on Nasdaq until we are accepted, which is determined by Nasdaq qualification requirements and by the Nasdaq selection committee. There is no assurance that our common stock will be registered under the Exchange Act or, if registered under the Exchange Act, that our listing application will be approved by the Nasdaq. We will not consummate and close this offering without a listing approval letter from Nasdaq.
VirTra’s common stock currently trade on OTCQX® Best Market.
About VirTra
VirTra is a global provider of training simulators for the law enforcement, military, educational and commercial markets. VirTra’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 VirTra at 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. VirTra cautions investors that any forward-looking statements it makes 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 VirTra’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. VirTra 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.
No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of an offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities VirTra is considering offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date. Any offering will be made only by means of an Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction. The Offering Circular can be found HERE.
Media contact:
Susan Lehman
Slehman@virtra.com
(510) 599-6555
Investor Relations contact:
Brett Maas
vtsi@haydenir.com
(646) 536-7331
View/Print PDF version of Press Release
TEMPE, AZ, Jun 29, 2011 (MARKETWIRE via COMTEX) — Bob Ferris, VirTra Systems’ CEO (PINKSHEETS: VTSI), today announced that VirTra has hired Mr. Jeff Lliteras as the company’s Controller.
Mr. Lliteras was a Senior Accountant in the audit practice at KPMG, LLP for 4 years, where he handled accounting tasks for several companies listed on AMEX, NASDAQ and the New York Stock Exchange.
At Two Degrees Consulting, Mr. Lliteras oversaw accounting for audit support and Sarbanes-Oxley compliance for clients such as T-Mobile and Shurgard Storage.
TEMPE, AZ – April 20, 2011 – Bob Ferris, VirTra Systems’ CEO (VTSI.PK), today announced that VirTra has engaged the auditing firm of Moss Adams, LLP to perform a full financial audit of VirTra for both 2010 and 2011.
The audit of 2010 and 2011 is scheduled for completion in early 2012.
VirTra is also planning to register to become a reporting company once again with the U.S. Securities and Exchange Commission; the audit will be undertaken with this objective in mind. The audit and the registration as an SEC reporting company will be the next steps that VirTra will be completing in connection with a planned application to move onto NASDAQ as soon as possible in 2012. VirTra’s first step is seeking shareholder approval of a reverse stock split, which should elevate VirTra’s stock price to a level needed to meet NASDAQ requirements.
