Dec. 4, 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 begun to ship Leatt-Brace™ MOTO GPX neck brace to distributors.
The first deliveries are being split amongst Leatt Corporation’s distributors, such as Autofocus, for sale in Australia and New Zealand, as well as distributors in the UAE. Production allocations are also being made for distribution in North America, European Union and South Africa. The initial production run is of medium sized neck braces.
“We are extremely pleased that the Leatt-Brace™ MOTO GPX is in production,” said Dr. Chris Leatt, President and C.E.O of the Leatt Corporation. He further added, “The next step is to get our other models of this brace into production and in so doing offer all motor sports competitors, what we believe to be, a superior form of neck protection.
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 any portion thereof referenced herein is not 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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