CAPE TOWN, South Africa, Aug. 11, 2014 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a global developer of personal protective equipment for athletes in extreme sports, including the Leatt-Brace®, which helps prevent devastating cervical spine injuries in helmeted sports, today announced it has been approved to continue quotation of its securities on OTCQB®, the venture stage marketplace (the "OTCQB"), effective as of August 1, 2014.
The OTCQB marketplace, operated by OTC Markets Group Inc., has long replaced FINRA's OTC Bulletin Board as the primary marketplace for off-exchange-traded companies that are current in their reporting to the U.S. Securities and Exchange Commission or a bank regulator. OTC Markets Group recently established new eligibility standards for the OTCQB, aimed at improving the quality of information available to investors and making it a better venture stage marketplace for early and developing U.S. and international companies. OTCQB companies that do not comply with the new standards within the required timeframe will be downgraded to the OTC Pink marketplace.
"We are very pleased that our securities have been approved for continued quotation under the new OTCQB eligibility standards," remarked CEO Sean Macdonald. "We have worked diligently over the years to grow our Company and maximize shareholder value, and we wholeheartedly support the mission of OTC Markets Group to provide increased transparency to investors so that they can properly analyze, value and trade their securities."
About Leatt Corporation
Leatt Corporation develops personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles. For more information, visit: www.leatt-corp.com | www.leatt.com
This press release may contain forward-looking statements regarding Leatt Corporation (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of quotation under the new OTCQB eligibility standards; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "seeks," "should," "could," "intends," or "projects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Chief Executive Officer
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Allen & Caron, Inc.
Michael Mason (Investors)
Len Hall (Media)
SOURCE Leatt Corporation