Tempe, Arizona (December 5, 2011) — VirTra Systems (OTC Pink: VTSI.PK), a leading provider of firearms training simulation systems to military, law enforcement agencies and accredited criminal justice programs today announced it has entered into a formal audit agreement with Semple, Marchal & Cooper, LLP, one of the preeminent regional Certified Public Accounting firms in the Southwest in providing professional accounting, auditing, tax and management consulting services, to perform an audit of the company’s 2011 financial statements.
Semple, Marchal & Cooper is registered with the Public Company Accounting Oversight Board (PCAOB) and is a member of both the Center for Public Company Audit Firms (CPCAF) and the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants. In addition, Semple, Marchal & Cooper is a member of The BDO Seidman Alliance, a nationwide association of independently owned local and regional accounting, consulting and service firms. BDO USA, LLP, is an international accounting firm with more than 1,000 member firm offices worldwide, which provides tax, accounting, auditing and management consulting services in 119 countries. BDO is the fifth largest international accounting and consulting network and serves more than 250 U.S. and 100 internationally publicly traded entities.
Bob Ferris, President and Chief Executive Officer of VirTra Systems, stated, “We are pleased to add Semple, Marchal & Cooper to VirTra Systems’ team of respected third party professionals. One of the most important aspects of our decision was the ability to work with a regionally-focused firm like Semple, Marchal & Cooper that is headquartered in our own backyard but also possesses the scope and reach of BDO, one of the largest international accounting networks. We believe this will provide us with the best of both worlds as we look to progress from our current status as a non-reporting company trading on the OTC Pink market to our goal of becoming an SEC reporting company as soon as possible, subject to the audit and meeting SEC requirements.”