VirTra Systems Announces Record 2^nd Quarter Results

TEMPE, Ariz.--(BUSINESS WIRE)--VirTra Systems, Inc. (Pink Sheets:VTSI), today announced its unaudited financial report for the second quarter 2008.

For the three-month period ending on June 30, 2008, revenue increased 29% to $783,261; this marks a $178,063 jump in revenue from the same period in 2007.

The general and administrative costs for the second quarter totaled $140,374, a significant decrease from the $516,444 recorded during the same period in 2007. The principle reasons for the dramatic decrease were due to the reduction in expenses due to the Company’s deregistration with the SEC and the closing of our Houston, Texas office. VirTra posted a second quarter operating profit of $272,274.

VirTra’s net profit for the second quarter was a record $1,063,634; a one-time, $730,303 adjustment of the Dutchess liability had a significant impact on net profit.

Net profit for the quarter was $.008 per share. The report can be found at: http://www.virtra.com/cu_investor.html

“This quarterly report is the first data to show hard results from the new management team. By increasing sales, reducing costs and reducing liabilities, we were able to generate the highest quarterly net profit ever in the company’s history. Our goal is to radically improve VirTra’s performance quarter after quarter and it is wonderful to report the first successful results of our strategy,” said Bob Ferris, President.

About VirTra Systems

For over 15 years VirTra Systems has been an industry leader in the simulation and virtual reality marketplace. The company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 degree HD training platforms and the Threat-fire safe return fire system (patent pending). When training realism matters, military and law enforcement professionals consistently select VirTra’s simulators to help save lives. For more information, visit www.virtra.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. 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 Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.