SOURCE: Leatt Corporation

March 12, 2007 10:34 ET

Leatt Corporation Response to Temporary 10-Day Trading Halt

CAPE TOWN, SOUTH AFRICA -- (MARKET WIRE) -- March 12, 2007 -- Leatt Corporation (Company) (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), today announced that the Company has neither participated in nor condoned any SPAM e-mail campaigns involving the Company, its common shares or any of products. The Company's legal counsel has communicated Dr. Leatt's and the Company's willingness to cooperate fully in the SPAM e-mail investigation to the SEC as well as the Company's lack of involvement in that scheme, which prompted the SEC to temporarily halt trading yesterday in 35 Pink Sheet-traded stocks.

Dr. Christopher Leatt, the founder and president of the Company, stated: "We support any efforts to rid the market of SPAM emails, which are damaging for the entire market and companies like ours, but we are very disappointed and confused by the completely unexpected 10-day trading halt in our stock as a means to attain this goal. Despite the circumstances, I remain confident that the Company is headed in the right direction in terms of our recent global product launch, subsequent sales and our ongoing efforts of growing our distributorships throughout the world for our product and in increasing consumer awareness of our product. We have a product that I believe fills an important safety need in competitive and recreational racing. I am also confident that our investor and public relations efforts have complied with applicable laws and regulations and this current issue will be resolved to everyone's satisfaction. From March 11th through March 25th, I will be traveling in the United States to support the expansion of our distribution network and to promote the Leatt-Brace™ and I appreciate everyone's past and ongoing support of the Company. In addition to making our company's required filings of financial statements and information statements in a timely manner as required on the, we would like to let everyone know that the Company ascribes to the best practices of transparency that it can achieve, including the filing of audited financial statements on, which exceeds the requirements currently imposed on our Company by I would also like for everyone who may be concerned to know that, weeks ago, the Company, acting in cooperation with a U.S. Broker Dealer, has already submitted disclosure statements and applications (Form 15c211) in order to undergo the process of changing the Company's share status from Unsolicited to Solicited and, as such, we have already received our first round of comments back from the NASD. The Company will seek to continue this process in which a Broker Dealer performs their own investigation into the Company to confirm the legitimacy and operations of the Company, which has already been undertaken."

The Company is unable at this time to predict the potential impact of the SEC's temporary, 10-day trading halt on the Company and holders of its common shares. Leatt Corporation, in association with its legal and support staff, is working diligently to reassure the SEC of the Company's compliance with all applicable laws and regulations and lack of involvement in the SPAM campaign in question. The Company also intends to increase its marketing and sales efforts for the Leatt-Brace™ in response to what the Company regards as increasing consumer and industry awareness of the product. Product sales and all other Company operations are underway and normal.

Investor inquiries about the temporary trading halt may be directed to our legal counsel, Paul W. Richter, PW Richter, plc, at +1-804-644-2182 or

For more information regarding the SEC's trading halt visit the following website:

For more information on the Leatt-Brace™, please visit the company website at No web sites or URLs, or any part thereof, that are referenced in this press release are part of this press release.

Legal Notice Regarding Forward-Looking Statements: This press release may contain forward-looking statements, which are based on the Leatt Corp.'s ("Company") current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope," "will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue," 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. Trade shows and seminars are part of the Company's marketing efforts and results at such events do not necessarily result in sales or market acceptance of products. Recommendations from motorsport racers do not necessarily indicate market acceptance or market potential for our products. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, the Company's status as a start-up concern, 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 affects our ability 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 products, 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, possible volatility in market price for our common stock, and limitations on ability of broker-dealers to trade or recommend such stock.

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