WESTON, Fla., July 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: VirTra Systems, Inc. (OTCBB:VTSI), DSL.net Inc. (Nasdaq:DSLN), NCR Corporation (NYSE:NCR) and World Airways Inc. (Nasdaq:WLDA).
Once Again, aggressive investors and traders need to watch VirTra Systems, Inc. (OTCBB:VTSI) this morning! Yesterday after the markets closed, the company issued another press release announcing an expanded contract with the United States military for the company's IVR-300(tm) advanced training simulators!
This is great news for investors! According to the press release, The United States military customer, whose initial purchase was announced on May 17th, recently notified VirTra Systems of its intent to expand its purchase to include two customized IVR-300 HD high-resolution firearms training simulators, with training weapons and specialized scenarios, totaling nearly $1,000,000, which are now scheduled for near-term delivery.
"We are enthused with our developing relationship with the United States military," commented Michael Kitchen, VirTra Systems' vice-president of training and simulation. "This sale, less than four months after the IVR(tm) HD's public debut, serves to further validate our status as the leader in this emerging industry, and hints at even larger orders in the future.
"Given the confidential nature of this customer's use of the simulators, it has required non-disclosure of the contract's details. However, we can conclude that these systems will be utilized to offer our military personnel the most advanced firearms training currently obtainable for its global war on terrorism," Kitchen concluded.
Investors need to keep their eyes on this company! "We are proud of our increasing role with the U. S. military and its increasing training requirements," commented L. Kelly Jones, VirTra Systems' chief executive officer. "As we continue to deliver IVR HD systems to the marketplace, we anticipate increasing momentum as our simulators' unique characteristics are utilized by those entrusted with our safekeeping."
VirTra Systems' training simulators utilize photorealistic 360-degree training scenarios to realistically create the various encounters that military, law enforcement, and security personnel daily experience. The simulators' weapons carefully resemble the actions of live weapons, including recoil, and the simulators provide instructors with real-time information such as trainees' situational awareness and point-of-aim.
The stock closed yesterday at Thirty-Seven cents a share.
In case you are not familiar with the company: Utilizing patented technology, VirTra Systems markets combat, marksmanship, and situational awareness/judgmental firearms training systems to domestic military agencies such as the U.S. Air Force, and to national and international law enforcement agencies. The company also produces custom advertising/promotional virtual reality systems utilizing the sensations of motion, touch, sound, and smell for clients such as Buick, Pennzoil, Red Baron(tm) Pizza, and the U.S. Army. For more information, visit the corporate website at www.virtrasystems.com, or the training/simulation website at www.virtratraining.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: DSL.net Inc. (Nasdaq:DSLN) up 13.3% on 37 million shares traded, NCR Corporation (NYSE:NCR) up 10.1% on 3.4 million shares traded and World Airways Inc. (Nasdaq:WLDA) down .68% on 3.7 million shares traded.
Commentary:
"Inflation will be measured this Thursday as the consumer-price index is revealed for June, and the producer-price index also comes out. Also on Thursday, the Congressional Budget Office will reveal the fiscal 2004 budget deficit," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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