TEMPE, AZ, Mar 30, 2012 (MARKETWIRE via COMTEX) — VirTra Systems (PINKSHEETS: VTSI), a leading provider of firearms training simulation systems to military, law enforcement agencies and other organizations, today announced that the Company and its Controller, Jeff Lliteras, have mutually agreed to part ways. VirTra’s management has accepted Mr. Lliteras’ resignation and he will be leaving the Company in mid-April. His primary responsibility the past three months has been to manage the Company’s first certified audit since 2007. Mr. Lliteras’ leaving VirTra was not due to any disagreement between Mr. Lliteras, the Company or its management regarding any matter related to the Company’s current accounting policies. Matt Burlend, Chief Operating Officer, will temporarily assume the responsibility of managing the Company’s financial and accounting departments. VirTra is currently seeking financial or accounting officer candidates and expects to complete the search in the near future.
About VirTra Systems
VirTra Systems, Inc. is a global leading provider of the world’s most realistic and effective small arms training simulators. VirTra is the higher standard in firearms training simulators, offering the only video-based 300-degree simulator platform and the patented Threat-Fire(TM) simulated hostile return fire system. VirTra’s products provide the very best 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.
Comments are based on current management expectations, and are considered “forward-looking statements,” generally preceded by words such as “plans,” “expects,” “believes,” “anticipates,” or “intends.” We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events.
VirTra and the VirTra logo are trademarks of VirTra Systems, Inc.
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group