TEMPE, AZ – June 30, 2009 – VirTra Systems, Inc. Bob Ferris, VirTra Systems’ CEO and president (OTC:VTSI.PK), today announced VirTra has just purchased 5,000,000 shares of its common stock.
The stock was originally issued to General Perry Dalby, who sold it to Pine Springs Capital. VirTra Systems purchased the shares from Pine Springs Capital. The shares are to be retired and therefore will decrease the number of shares outstanding.
In an unrelated transaction, VirTra recently sold 1,000,000 shares of stock for proceeds of $35,000. Revenue from transactions like this will likely go toward fees associated with upcoming tradeshows.
VirTra signed the contract today to have a 40 x 40 booth with an IVR-300 HD™ simulator at the New York Law Enforcement Expo, which will be held on September 9th and 10th on Pier 94, in New York, NY. VirTra has already committed to a total of 4 tradeshows between now and the end of 2009.
“VirTra is committed to making smart decisions with regard to our equity. There are times when it serves the company’s best interest to purchase back shares of our stock and there are times when it serves the company’s best interest to sell shares of our stock. Every move we make is designed to strengthen and grow VirTra, while eliminating remaining liabilities.” said Bob Ferris, CEO and president of VirTra.