SOURCE: Leatt Corporation

October 28, 2009 12:18 ET

Leatt Joins Up With a New Partner in Brazil

Brazilian Company Steel Joint Undertakes to Cease the Production and Sale of Neck Braces

CAPE TOWN, SOUTH AFRICA--(Marketwire - October 28, 2009) - Leatt Corporation (PINKSHEETS: LEAT), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the developer of the Leatt-Brace®, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), announced today that Leatt and Steel Joint have reached a settlement of their dispute over the alleged infringement by Steel Joint of Leatt Corporation's intellectual property rights. Separately, Leatt Corporation has also appointed Silva Mattos and CIA LTDA as the new Brazilian distributor of the Leatt-Brace®.

The settlement is over the alleged infringement by the Steel Joint Neck Brace of Leatt's rights in the Leatt-Brace Moto GPX. Under the terms of settlement, Steel Joint has stopped selling its Neck Brace product internationally and will pay an undisclosed settlement sum to Leatt.

Leatt has appointed Silva Mattos & CIA LTDA as their new distributor in Brazil. Silva Mattos & CIA LTDA, which was established in 1986, is a family business and a market leader in Brazil of motorcycle gear. Their website can be seen at www.silvamattos.com.br.

Dr. Leatt, the Chief Executive Officer of Leatt Corporation, said that he was very pleased by the outcome: "Leatt is entering the Brazilian Market vigorously with a new prestigious partner and a settlement agreement with a now former competitor. This will hopefully promote Leatt's market presence in Brazil."

About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace®, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The Company is located in Cape Town, South Africa with offices in the U.S. Visit our Company web site at www.leatt-corp.com.

For more information on the Leatt-Brace®, please visit the company website at www.leatt-brace.com. Any URL, web site or portion thereof referenced herein is not a part of this press release.

Legal Notice Regarding Forward-Looking Statements: This press release may contain forward-looking statements covered by the Private Securities Litigation Reform Act of 1995 (15 U.S.C. §78j), which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "shall," "will," "hopefully," "promote" or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not under the control of the Company, including, without limitation, the current economic climate, market acceptance of our products, the risks of regulatory scrutiny and investigations, 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, actions of our competitors, the level of demand and market acceptance of our products, and changes in our business strategies. The Company's common stock is quoted on The Pink Sheets, LLC system and the Company is a "penny stock company" (as defined under the rules of the Securities Exchange Act of 1934, as amended). The Company is not a reporting company under the U.S. federal securities laws. 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, such stock's susceptibility to trading pressure and limitations on ability of broker-dealers to trade or recommend such stock.

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