SOURCE: Leatt Corporation

October 20, 2008 12:03 ET

Leatt Corporation Posts Audited Financial Statements for Years Ended December 31, 2006 (Restated) and 2007

CAPE TOWN, SOUTH AFRICA--(Marketwire - October 20, 2008) - Leatt Corporation (PINKSHEETS: LEAT), a Nevada Corporation, 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 its audited Consolidated Financial Statements for the year ended December 31, 2007 ("FY 2007") and the restated Financial Statements for the year ended December 31, 2006 ("FY 2006") have been posted on the Company's new corporate web-site:

Dr. Chris Leatt, designer of the Leatt-Brace® and Chief Executive Officer of Leatt Corporation, stated, "The completion of our audited financial statements on our website signals that we have reached another milestone in our efforts to comply with the requirements necessary to achieve greater liquidity and exposure for the Company's common stock. We are very satisfied with the results of FY 2007 and we believe that the Company has come a long way in its compliance with the financial reporting requirements imposed on public companies. In addition, our website is a great forum for this document, as well as a good tool to view the Company's business activities as we move forward with our aggressive business plan."

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 prevent or lessen the severity of motor sport injuries to neck. It sells its products through Internet and sales representatives worldwide. The Company was incorporated in March 2005 as Treadzone, Inc. and changed its name to Leatt Corporation in May 2005. Leatt Corporation is headquartered in Las Vegas, Nevada.

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," "expects," "anticipates," "seeks," "intends," or "projects" 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.

Contact Information

  • Investor Relations Contact:

    Tim Clemensen
    Senior Vice President
    Rubenstein Investor Relations, Inc.
    Tel: +1 (212)843.9337