Nov. 9, 2006 – CAPE TOWN, South Africa – Leatt Corporation (Pink Sheets: LEAT.PK), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the developer of the Leatt-Brace™, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that it has appointed a distributor in Canada.
As part of a visit to the U.S., Dr. Chris Leatt, President and C.E.O. of the Leatt Corporation, met with potential distributors of the Leatt-Brace™ in that region and the Leatt Corporation is pleased to announce that WMM Partners, Ltd., headed by Michael Zelenski, has been appointed the rights to distribute Leatt-Brace™ products throughout Canada.
As part of the Company’s efforts to create a marketing and sales network for the Leatt-Brace™, WMM Partners, Ltd. will have the rights to market and distribute both the Leatt-Brace™ MOTO GPX, Leatt-Brace™ MOTO R and all parts and accessories associated with these two products throughout Canada.
“By appointing WMM, Ltd. as our distributor in Canada, we are effectively increasing our global footprint and having a physical presence in these territories should assist our company tremendously in its sales and marketing endeavors,” said Dr. Chris Leatt, President and C.E.O. of Leatt Corporation.
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace™, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The company’s operations and research and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com. Any web site or portion thereof referenced herein is not a part of this press release.
Legal Notice Regarding Forward-Looking Statements: This press release may contain forward-looking statements, which are based on the Company’s current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like “would,” “intend,” “hope,”
“will,” “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “predict,” “continue,” or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company’s expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, the limited resources of the Company and resulting vulnerability of the Company and its products to domestic and international competitors with considerably greater resources than the Company and possible inability to establish market share against competing products in many markets, current limited distribution channels for the Company’s products, actions of our competitors, the limited cash flow of the Company and the resulting reliance on the sale of Company securities to finance operations, the extent to which affects our ability to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our products, and changes in our business strategies. The Company’s common stock is traded on the Pink Sheet system and the Company is a “penny stock company” as defined under the rules of the Securities Exchange Act of 1934, as amended. As such, there are additional, substantial risks associated with the Company and its securities. Such risks include limited liquidity of the Company’s common stock and limitations on ability of broker-dealers to trade or recommend such stock.
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