CAPE TOWN, South Africa, July 5, 2012 /PRNewswire/ -- Leatt Corporation (OTC: LEAT) ("Leatt" or the "Company"), a global designer, marketer and distributor of personal protective equipment for sports and lifestyle activities, based on the Leatt-Brace® patented neck protection system, today announced that its Registration Statement on Form 10 with the U.S. Securities Exchange Commission (SEC) is now effective, and that the Company is now a fully reporting U.S. public company.
"We are pleased to have become a fully reporting public company," remarked Leatt's Chief Executive Officer, Sean Macdonald. "We believe that this is an important step to establishing our visibility in the marketplace and increasing shareholder value and liquidity. In the past few years we have focused on improving our financial reporting systems, broadening our product range and on building brand recognition, and we hope that our efforts will translate into long-term value for our shareholders."
About Leatt Corporation:
Leatt Corporation develops, distributes and markets personal protective equipment and ancillary products for all forms of sports, including extreme motor sports. The Company's products are based on the Leatt-Brace® system, a patented, award-winning neck brace system designed to help prevent potentially devastating injuries to the neck. The Company's products are designed for participants in extreme sports and for riders of motorcycles, bicycles, all-terrain vehicles, snowmobiles and other vehicles where a crash helmet may be used for protection. For more information about Leatt Corporation, visit: www.leatt-corp.com and www.leatt.com.
This press release may contain forward-looking statements relating to the business of Leatt Corporation and its subsidiaries (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," or "expects," or similar expressions, and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they 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 news release. The Company's actual results may differ materially and adversely from those anticipated in these forward-looking statements as a result of various factors and uncertainties, including the potential inability of the Company to achieve its commercial objectives, including its ability to enhance liquidity and long-term value for its shareholders, and those additional risks and uncertainties discussed in the Company's registration statement on Form 10 filed with the Securities and Exchange Commission and available at http://www.sec.gov, which factors or uncertainties may be beyond our ability to foresee or control. 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
+ (27) 21 557 8257
Len Hall (Media)
SOURCE Leatt Corporation