<SUBMISSION>
<ACCESSION-NUMBER>0001332489-07-000005
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20060919
<ITEMS>2.03
<ITEMS>5.02
<FILING-DATE>20070216
<DATE-OF-FILING-DATE-CHANGE>20070216
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>VIRTRA SYSTEMS INC
<CIK>0001085243
<ASSIGNED-SIC>7900
<IRS-NUMBER>931207631
<STATE-OF-INCORPORATION>TX
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-28381
<FILM-NUMBER>07630279
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>440 NORTH CENTER
<CITY>ARLINGTON
<STATE>TX
<ZIP>76011
<PHONE>8172650440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>440 NORTH CENTER
<CITY>ARLINGTON
<STATE>TX
<ZIP>76011
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>GAMECOM INC
<DATE-CHANGED>19991103
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>fm8kguar2.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="DTHOMAS">
<META NAME="date" CONTENT="02/13/2007">
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>____________________________________________</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Date of Report (Date of earliest event reported): September 19, 2006</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>VirTra Systems, Inc.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Exact Name of Registrant as Specified in Charter)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Texas</B></P>
</TD><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>000-28381</B></P>
</TD><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>93-1207631</B></P>
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<TR><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or Other Jurisdiction of Incorporation)</P>
</TD><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Commission File Number)</P>
</TD><TD valign=top width=208><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(I.R.S. Employer Identification Number)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=655.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2500 CityWest Blvd., Suite 300, Houston, Texas 77042</P>
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<TR><TD valign=top width=655.2><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>(Address of principal executive offices)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>(832) 242-1100<SMALL> </SMALL></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>&nbsp;(Registrant's telephone number, including area code)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=24><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">| &nbsp;|</P>
</TD><TD valign=top width=600><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=24><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">| &nbsp;|</P>
</TD><TD valign=top width=600><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=24><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">| &nbsp;|</P>
</TD><TD valign=top width=600><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=24><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">| &nbsp;|</P>
</TD><TD valign=top width=600><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 2.03 </B></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">On September 19, 2006, we entered into a factoring arrangement intended to provide additional working capital through factoring of our accounts receivable. At the time, we were moving toward a merger with &nbsp;VirTra Merger Corporation, separate company that had been formed to acquire Chrysalis Manufacturing Corporation, (a/k/a Altatron EMS) and another company. Upon consummation of those acquisitions, VMC was to be acquired by VirTra Systems, Inc. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The lender did not regard either VirTra Systems, Inc. or VMC as sufficiently creditworthy to grant a credit line without guarantees. As a result, we entered into an arrangement whereby CapNet Securities Corporation would be the borrower under the factoring arrangement, would secure its borrowings by accounts receivable of VirTra Systems and VMC, and would relend the borrowed funds to us and to VMC. We, &nbsp;VMC and Daniel L. Ritz, Jr., , a principal of CapNet, jointly and severally guaranteed payment of amounts drawn under the credit arrangement up to $1,000,000. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">We borrowed $100,000 under the arrangement described above, an amount which is still outstanding. We understand that VMC and/or another company associated with CapNet borrowed additional amounts under the arrangement, and that the total amount due the lender currently stands at approximately $500,000. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The expected merger with VMC did not occur. We do not intend to borrow any more money from Charter Capital/CapNet under the arrangement and VMC (now known as ComCon Manufacturing Services, Inc.) informs us that they also do not intend to borrow additional amounts under the arrangement. Charter Capital has been notified that the parties intend to discontinue the facility altogether.. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Charter Capital has agreed in principle to a modification which would limit the amount of our guaranty to $200,000. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">In addition to the $100,000 that the company owes under this arrangement, we also have unsecured advances $96,650 from other companies largely owned and/or controlled by Daniel L. Ritz, Jr. No further payments will be made on those advances until we have been released from our guaranty to Charter Capital. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 5.02 </B></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">J. David Rogers, age 53, has returned as our Chief Financial Officer effective February 1, 2007. Mr. Rogers previously served in that capacity from March until June of 2006, while continuing his employment with CapNet. &nbsp;Mr. Rogers returned on a full time basis to his previous position as vice-president of corporate finance for CapNet Securities Corporation in June of 2006. He has now severed all employment with CapNet and will serve as our Chief Financial Officer on a full time basis. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Before his first employment with us Mr. Rogers had been employed by CapNet or an affiliate of that company since 2002.&nbsp; He holds bachelor of science and masters degree in business administration.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">We have also reengaged L. Kelly Jones, our former chief executive officer, on a temporary basis to act as special adviser to our chief executive officer.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="background-color:#FFFFFF" valign=top width=299.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=68.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=293.267><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=299.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=361.8 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>VIRTRA SYSTEMS, INC.&nbsp;</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Registrant)</P>
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<TR><TD style="background-color:#FFFFFF" valign=top width=299.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;<BR>
&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=68.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;<BR>
&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=293.267><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;<BR>
&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=299.533><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=68.533><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">By:&nbsp;&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=293.267><P style="margin:0pt; padding-left:4pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Steven Haag&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=368.067 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=293.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Steven Haag</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=368.067 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=293.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Vice President, Investor Relations</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dated:&nbsp;February 15, 2007</P>
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