Leatt
Corporation Announces Motorsport South Africa Endorsement
Released on
= September 5, 2005, 9:54 am
Press Release
Author = Leatt Corporation, Inc.
Industry = Automotive
Press Release
Summary = Cape Town, South Africa,– 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).
Press Release
Body = 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.
Web Site = http://www.leatt-brace.com/
Contact Details
= Office No. 775
5348 Vegas Drive
Las Vegas
Nevada
89108
Tel/Fax: +1 (702) 447-6751
Public Relations:
Gregory Allum
public_relations@mailcan.com
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