WESTON, Fla., May 18, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: VirTra Systems, Inc. (OTCBB:VTSI), Sun Microsystems Inc. (Nasdaq:SUNW), General Electric Company (NYSE:GE) and Mamma.com Inc. (Nasdaq:MAMA).
Aggressive investors and traders will certainly be watching VirTra Systems, Inc. (OTCBB:VTSI) again this morning! Yesterday after the markets closed, the company issued another press release announcing its second sale of its new 360-degree IVR-300(tm) HD firearms training simulator to the United States military!
This is huge news for investors! The U.S. military branch, currently classified, ordered VirTra Systems' new IVR-300(tm) HD high-resolution firearms training simulator for deployment to a classified training location. The system will include a large compliment of extremely sophisticated military training weapons and specialized scenarios. Delivery is scheduled within 4-6 weeks.
"We believe this contract, promptly following our initial sale to the U.S. Air Force, coupled with our recent multi-unit Immersa-Dome(tm) promotional virtual reality system sale, clearly demonstrates increasing acceptance of our new projection-based technology," commented L. Kelly Jones, VirTra Systems' chief executive officer.
Investors should really keep this company on your radar screen! "This simulator, costing approximately $250,000, constitutes our most expensive and most sophisticated simulator sale to-date," commented Michael Kitchen, VirTra Systems' vice-president of training and simulation.
"Once again, our technologically-advanced, patent pending 360-degree simulator was chosen by the U.S. military for its serious training needs. Our technology is establishing its reputation as the most realistic, challenging, and potentially life-saving simulation technology currently available. We expect our first domestic law-enforcement simulator sale in the very near future," concluded Kitchen.
The stock closed yesterday at thirty-two cents a share.
In case you are not familiar with the company: VirTra Systems utilizes patented technology to manufacture the world's most advanced immersive virtual reality(tm) systems and 3-D experiences. VirTra Systems markets combat, marksmanship, and situational awareness/judgmental firearms training systems to military agencies such as the US Air Force, and to national and international law enforcement agencies. Using the sensations of motion, touch, sound and smell, the company also produces custom advertising and promotional virtual reality systems for clients such as Buick, Chevrolet, Pennzoil, Red Baron(tm) Pizza, and the US Army. For more information, visit the corporate website at www.virtrasystems.com. To receive an investor kit please visit http://www.virtrasystems.com/investor_form.html.
Stocks showing interesting activity yesterday were: Sun Microsystems Inc. (Nasdaq:SUNW) down 2% on 28.4 million shares traded, General Electric Company (NYSE:GE) down .63% on 19.9 million shares traded and Mamma.com Inc. (Nasdaq:MAMA) down 12.1% on 4.5 million shares traded.
Commentary:
"This week OPEC, the Organization of Petroleum Exporting Countries, will meet in Amsterdam, informally. The proposal from Saudi Arabia is to raise output by 1.5 million barrels a day. The president of OPEC stated he is concerned that the high price of oil could slow down the global growth, but also believes that the current 13-year high in oil prices is out of their control. Hey, OPEC, can your spell HYBRID? (Just a thought)," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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