Business Editors

ATLANTA--(BUSINESS WIRE)--Dec. 2, 2004--
Firearms Training Systems, Inc. (FATS) has been awarded
a contract valued at approximately $925,000 to deliver Indirect Fire -
Forward Air Control Training (I-FACT) systems to the U.S. Air Force.
The I-FACT system facilitates the training of personnel in the calling
for, and adjustment of indirect fire, which includes artillery, naval
gunfire, mortars and close air support. The contract calls for the
provision of multiple I-FACT systems, accessories, installation and
training. Deliveries will begin in early 2005.
"This contract is our largest award for I-FACT to date. We are
very excited about the potential growth that this new product provides
FATS," stated Ron Mohling, FATS chairman and chief executive officer.
"FATS continues to be proud of the contribution we are making towards
the combat readiness of military personnel."
The I-FACT system is one of the newest virtual training products
FATS has developed. The system is enhanced with functionality and
features identified by customers. I-FACT has undergone two upgrades
and a third upgrade is scheduled for 2005.
To date, FATS has delivered over 20 I-FACT systems to U.S.
military organizations around the world, and is anticipating numerous
future orders. To learn more about FATS virtual training capabilities,
please visit www.fatsinc.com.

About FATS

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC:
FATS), 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, celebrates 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.

KEYWORD: NORTH AMERICA GEORGIA UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY GOVERNMENT DEFENSE HARDWARE FEDERAL CONTRACT/AGREEMENT
SOURCE: FATS, Inc.

I think it investors might sell a bit to take back some gains.

It think it may loose some, and then continue gaining.

quote:

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Originally posted by Volred:
The highest this has hit is 2.30 sofar.
In the long run it should gain more. But since it has gained 35% or more today.

I think it investors might sell a bit to take back some gains.

It think it may loose some, and then continue gaining.

Last Trade: 2.24
Trade Time: 11:39AM ET
Change: Up 0.59 (35.76%)

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**Edit**
I'm just hoping for a small dip where I can invest some more $

LOL, i hit quote instead of edit. woops