SOURCE: Leatt Corporation

March 03, 2008 10:44 ET

Leatt v FRO Ligation Settles: FRO Halts Sale of the Neck Protect

CAPE TOWN, SOUTH AFRICA--(Marketwire - March 3, 2008) - 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).

Following a hearing in the English High Court, Leatt and FRO Systems have reached a confidential settlement of their dispute over the alleged infringement by FRO of Leatt's design rights in the Leatt-Brace for use by motorcyclists. Under the terms of the settlement, FRO has stopped selling its Neck Protect product and will pay an undisclosed sum to Leatt.

Dr. Chris Leatt, the designer of the Leatt-Brace and Chief Executive Officer of Leatt Corporation, said that he was very pleased by the outcome, "Leatt have spent millions of dollars researching and developing the design and functionality of our novel neck brace. We shall not hesitate to take all necessary action to enforce our intellectual property rights which protect the product internationally." Both parties are pleased to have resolved this matter amicably.

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.

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

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