Leatt Corporation Announces Motorsport South Africa Endorsement
Leatt Corporation (Pink Sheets – LEAT), a Nevada Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace™, a Prophylactic Neck Brace System designed to prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that use of the Leatt-Brace™ has been endorsed by Motorsport South Africa (MSA).
Las Vegas, NV, September 07, 2005 --(PR.com)-- Leatt Corporation (Pink Sheets – LEAT), a Nevada Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace™, a Prophylactic Neck Brace System designed to prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that use of the Leatt-Brace™ has been endorsed by Motorsport South Africa (MSA).
On Wednesday July 6, 2005, Motoring News was the first to report that the Leatt-Brace™ is being endorsed by Motorsport South Africa (MSA). MSA has over 10,000 active racing members. Production of the retail version of the Leatt-Brace™ will begin on or before November 30th, 2005.
“This endorsement by MSA is a welcomed stamp of validation for the company, our research and the Leatt-Brace™ itself,” said Dr. Chris Leatt. It is interesting to note that Dr. John Boden, President of MSA’s Medical Panel, has recently been appointed to the FIM (Federation Internationale de Motocyclisme), the governing body for international motorcycle racing. Dr. Leatt added, “I have personally worked with many professional scientists and racers over the last three years and, as an off-road and road motorcycle racer myself, I have spent countless hours in the field and at race tracks treating injuries. I have also spent a great deal of time exhaustively examining injury reports received by MSA, and other sources from all over the world, that involved helmeted motor sports individuals. Using this data and mechanisms of injury, as quoted in medical literature, I have designed a neck protection system that is both relevant to competitors and based on medical research. I believe that there is currently no similar neck protection system available that can offer the same level of protection as the Leatt-Brace™. Thousands of dollars and many hours have been spent testing my designs in state-of-the-art laboratories, like those at the Eurotype Test Center located at the South African Bureau of Standards (SABS, http://www.dti.gov.za/thedti/sabs.htm), and in the real world on numerous driver’s shoulders, such as, Deon Joubert, three time SA Supercar Champion and Dewald van der Berg, South African motor cross champion. Please visit the company’s web site at: http://www.leatt-brace.com
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace™, a Prophylactic Neck Brace designed to prevent potentially devastating motor sport injuries to the cervical spine (neck).
Manufacture and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa, which are situated at the headquarters of the Leatt Brace Holdings (Pty) Ltd. The Leatt Corporation is in the business of designing, developing and manufacturing cervical spine (neck) protection equipment for all forms of motor sports.
The main area of focus is the prevention of neck injuries in persons wearing a crash helmet, for whatever purpose. The impetus for the project came from Dr. Chris Leatt’s medical knowledge, his history as a motorcycle racer and the many neck injuries he has witnessed. The product not only has motor sport applications, but the Company believes that it can be used by anyone wearing a crash helmet as a form of protection.
The inventor of the brace, Dr. Chris Leatt, is the President of The Leatt Corporation Inc., and is responsible for executing the company’s global strategy. The company is currently listed on the US Pink Sheets quotation service with the ticker symbol, “LEAT”.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance or projections thereof. These statements are only predictions and may differ materially from actual future results or events. The Leatt Corporation disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, 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 we are able 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 services, 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,
Investor Relations:
Please contact investorrelations@fastmail.fm or call +1 (702) 447-6751.
###
On Wednesday July 6, 2005, Motoring News was the first to report that the Leatt-Brace™ is being endorsed by Motorsport South Africa (MSA). MSA has over 10,000 active racing members. Production of the retail version of the Leatt-Brace™ will begin on or before November 30th, 2005.
“This endorsement by MSA is a welcomed stamp of validation for the company, our research and the Leatt-Brace™ itself,” said Dr. Chris Leatt. It is interesting to note that Dr. John Boden, President of MSA’s Medical Panel, has recently been appointed to the FIM (Federation Internationale de Motocyclisme), the governing body for international motorcycle racing. Dr. Leatt added, “I have personally worked with many professional scientists and racers over the last three years and, as an off-road and road motorcycle racer myself, I have spent countless hours in the field and at race tracks treating injuries. I have also spent a great deal of time exhaustively examining injury reports received by MSA, and other sources from all over the world, that involved helmeted motor sports individuals. Using this data and mechanisms of injury, as quoted in medical literature, I have designed a neck protection system that is both relevant to competitors and based on medical research. I believe that there is currently no similar neck protection system available that can offer the same level of protection as the Leatt-Brace™. Thousands of dollars and many hours have been spent testing my designs in state-of-the-art laboratories, like those at the Eurotype Test Center located at the South African Bureau of Standards (SABS, http://www.dti.gov.za/thedti/sabs.htm), and in the real world on numerous driver’s shoulders, such as, Deon Joubert, three time SA Supercar Champion and Dewald van der Berg, South African motor cross champion. Please visit the company’s web site at: http://www.leatt-brace.com
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace™, a Prophylactic Neck Brace designed to prevent potentially devastating motor sport injuries to the cervical spine (neck).
Manufacture and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa, which are situated at the headquarters of the Leatt Brace Holdings (Pty) Ltd. The Leatt Corporation is in the business of designing, developing and manufacturing cervical spine (neck) protection equipment for all forms of motor sports.
The main area of focus is the prevention of neck injuries in persons wearing a crash helmet, for whatever purpose. The impetus for the project came from Dr. Chris Leatt’s medical knowledge, his history as a motorcycle racer and the many neck injuries he has witnessed. The product not only has motor sport applications, but the Company believes that it can be used by anyone wearing a crash helmet as a form of protection.
The inventor of the brace, Dr. Chris Leatt, is the President of The Leatt Corporation Inc., and is responsible for executing the company’s global strategy. The company is currently listed on the US Pink Sheets quotation service with the ticker symbol, “LEAT”.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance or projections thereof. These statements are only predictions and may differ materially from actual future results or events. The Leatt Corporation disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, 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 we are able 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 services, 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,
Investor Relations:
Please contact investorrelations@fastmail.fm or call +1 (702) 447-6751.
###
Contact
Leatt Corporation, Inc.
Gregory Allum
+1 702 447 6751
www.leatt-brace.com
Gregory Allum
+1 702 447 6751
www.leatt-brace.com
Contact
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