SOURCE: Leatt Corporation

August 07, 2009 11:00 ET

Leatt Corp. Projects Decrease in Gross Sales for Fiscal Quarter Ending June 30, 2009

VALENCIA, CA--(Marketwire - August 7, 2009) - Leatt Corporation, a Nevada corporation (PINKSHEETS: LEAT) (Company), announced today that its sales in quarter two will be lower than expected due to production delay in the factory of approximately 7,850 braces.

A major factor in the decreased gross sales was the aforesaid temporary, now remedied, technical issue with the production process of the neck braces in our outsourced factories.

Dr. Chris Leatt, CEO of the Company, said, "We take the manufacturing processes of our brace products very seriously, in order to produce the finest neck brace products possible. The revision of production process is intended to enhance our overall delivery of quality products. The delay in the neck brace orders has been rectified and we are confident the new production process will further enhance our ability to deliver quality products in the future. While this order would have greatly improved our quarterly results if shipped before June 30, 2009, we expect to recoup these revenues next quarter." Further production delays are not envisaged.

Dr. Leatt also said, "We are still experiencing a worldwide recession but we are increasing our sales efforts at the dealer level to capture more sales at the initial sales point as well as expanding our marketing campaigns to increase the public visibility of our products in the U.S., Europe and 'Rest of World.' This effort will also dovetail with our planned introduction of new products scheduled for early 2010."

About Leatt Corporation

Leatt Corporation engages in the design and development of cervical spine protection equipment for various forms of motor sports. The Company offers Leatt-Brace®, a neck brace to help prevent or lessen the severity of motor sport injuries to the neck. It sells its products through Internet and sales representatives worldwide.

Safe Harbor Statement

This release may contain certain "forward-looking statements" relating to the business of Leatt Corporation and its subsidiary companies (collectively, the "Company"). All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the Company's ability to achieve its commercial objectives; the business strategy, plans and objectives of the Company; 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," "anticipates," "should," "expects," 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 as of the date made, they do involve assumptions, risks and uncertainties, many of which are beyond the Company's control or ability to predict, and these expectations may prove to be incorrect or vary significantly from actual results. 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. 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.

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