Robert D. Ferris, the Chairman and CEO of VirTra Systems, Inc. (OTCMKTS:VTSI), highlighted the accomplishments of last year in advance of company’s annual meeting planned in September. Also, he would like to encourage shareholders to exercise their right to vote and share the team’s enthusiasm for upcoming period.
The management speaks
The CEO of VirTra said that as they look back in past year, they are extremely delighted of hard won accomplishments and posting another year of strong operational and financial results. They posted revenue of $13.3 million for FY2015, extending a track record of strong growth and recording a compounded yearly growth rate of 20%.
Additionally, the company announced net income of $1.5 million in reported year, which again is the continuation of VirTra’s legacy of yearly profitability in seven out of the preceding eight years.
Ferris added that they closed the year with ample liquidity and healthy balance sheet. It is promising to witness years of profitable growth turn into increased value for shareholders, as VTSI stock price has almost doubled from its price one year ago.
The operating momentum has made its way into 2016, and in 1Q2016, the company recorded robust net income and revenue. Many factors including higher investment in marketing, sales, research and development and excellent customer service has supported new business wins in the United States and across the world.
The CEO of VirTra further said that in the last one year, they have expanded list of strategic clients to include reputed government agencies like the U.S. Secret Service and the U.S. State Department. Also, they have acquired major international clients in several nations around the globe. The management believes that if they surpass clients’ expectations on key projects, they can gain from a “knock-on” impact in their initiatives to grow market share and secure new business.
Life Clips Inc (OTCMKTS:LCLP) Signs Three Key Distribution Agreements for Mobeego
Life Clips Inc (OTCMKTS:LCLP) has received a new purchase order from its Finish Distributor, DFJ Collections OY. With the purchase order, the company has also confirmed its entry into the travel and leisure market as it continues to pursue new opportunities for growth overseas.
DFJ Collections OY purchase order is for the company’s disposable and recyclable battery Mobeego. The new purchase order comes just days after Life Clips signed a distribution agreement with Shepherd Limited. The deal is expected to make the product available in China where the company hopes to attract more sales.
Life Clips Inc (OTCMKTS:LCLP) has also signed a distribution agreement with Checkout Distributors as it moves to make the Mobeego battery available across the United States. The signing of the agreements is part of an effort that seeks to support the company’s sales effort by relying on what other partners have to offer.