FATS, Inc. Announces Multiple Orders Totaling $4.5 Million Tuesday October 11, 11:02 am ET
ATLANTA--(BUSINESS WIRE)--Oct. 11, 2005--FATS, Inc. (OTC: FATS - News) announced that it has received multiple orders totaling $4.5 million for virtual training systems going to the U.S. Department of Defense and law enforcement agencies around the country. The contracts include training solutions with accompanying weapon simulators, courseware and service support. ADVERTISEMENT
"FATS goal is to deliver advanced technology, solid service and the highest quality product to our customers. These orders reflect recognition in the marketplace of FATS leadership in this industry," said Ron Mohling, FATS chairman and chief executive officer.
The training solutions included in the law enforcement contracts are virtual training platforms with judgmental video courseware and associated simulated weapons. Solutions for the military contracts include the virtual training platforms with marksmanship, tactical, indirect fire and close air support training, and simulated weapons. Most of the orders were made from the FATS GSA catalog and were placed between September 21st - 30th. Deliveries will begin immediately.
To make training more realistic, FATS provides a totally integrated synthetic training environment platform to include simulated weapons that resemble the form and function of live firearms. FATS virtual training solutions are recognized globally as state-of-the-art, providing leading-edge technology for the readiness training of professional military and law enforcement personnel.
FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS - News), designs and sells virtual training systems that improve the skills of the world's military, law enforcement and security forces. FATS training provides judgmental, tactical and combined arms experiences, utilizing quality engineered weapon simulators. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. FATS, an ISO 9001:2000 certified company, celebrated its 20th anniversary in 2004. The company Web site is www.fatsinc.com.
Except for financial information contained in this press release, the matters discussed may consist of forward-looking statements under the Private Securities Litigation Reform Act of 1995. The accuracy of the forward-looking statements, including statements regarding future events or the future financial performance of the company, is necessarily subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors including those discussed above are: general business and economic conditions; the company's success in competing for new contract awards; customer acceptance of and demand for the company's new products; receipt and delivery of a sufficient level of orders from new and existing customers as well as satisfactory completion of delivery of a sufficient portion of backlog; the company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the company's products; and the risk factors listed from time to time in documents on file with the SEC. When used in this release, the words "believes," "estimates," "plans," "expects," "should," "will," "may," "might," "anticipates" or similar expressions as they relate to the company, or its management, are intended to identify forward-looking statements. The company, from time to time, becomes aware of rumors concerning the company or its business. As a matter of policy, the company does not comment on rumors. Investors are cautioned that in this age of instant communication and Internet access, it may be important to avoid relying on rumors and unsubstantiated information regarding the company. The company complies with Federal and State law applicable to disclosure of information concerning the company. Investors may be at significant risk in relying on unsubstantiated information from other sources.
-------------------------------------------------------------------------------- Contact: FATS, Inc., Atlanta Nancy Mace Jackson, 404-237-9945 njackson*freebairn.com
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