Leatt Corporation Announces Motorsport South Africa Endorsement
CAPE TOWN, South Africa, Sept. 8 /PRNewswire-FirstCall/ -- Leatt
Corporation (Pink Sheets: LEAT), a Nevada Corporation headquartered in Cape
Town, South Africa, that develops, sells and distributes the Leatt-Brace(TM),
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(TM) has been endorsed by Motorsport South Africa (MSA).
On Wednesday July 6, 2005, Motoring News was the first to report that the
Leatt-Brace(TM) 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(TM) 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(TM) 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(TM). 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 drivers' 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(TM), 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(TM), please visit the company
website at http://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.
This release was issued on behalf of the above organization by
Send2Press(TM), a unit of Neotrope(R). http://www.Send2Press.com
SOURCE Leatt Corporation
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