Leatt Corporation Announces Location of its Production
Plant in Cape Town, South Africa
Released on = October 24, 2005, 2:27 am
Press Release Author = Leatt Corporation, Inc.
Industry = Automotive
Press Release Summary = Leatt Corporation (Pink Sheets: LEAT), a Nevada Corporation
that develops, sells and distributes the Leatt-Brace™, a Prophylactic Neck Brace
system designed to prevent potentially devastating motor sport injuries to the
cervical spine (neck), today announced the location of its production plant in Cape
Town, South Africa.
Press Release Body = Leatt Brace Manufacturing (Pty) Ltd., a subsidiary of Leatt
Brace Holdings (Pty) Ltd., has set up production facilities at a 10,764 square foot
factory near the Killarney Race Track in Cape Town, South Africa. This production
facility has been fitted with equipment which will facilitate the mass manufacture
of Leatt-Braces™ as well as provide a location at which to conduct ongoing product
testing via a Research and Development company, which will form part of the Leatt
Brace Holdings (Pty) Ltd. Group. The R&D company uses a recently purchased computer
accident simulation package that can accurately predict neck and brain forces, with
and without a brace, and then assist with the final development of a particular
brace structure. This cutting-edge technology will assist the Leatt Corporation in
seeking to produce state-of-the-art products.
About The Leatt Corporation: The Leatt Corporation is the exclusive global
distributor of the Leatt-Brace™, a Prophylactic Neck Brace designed to prevent
potentially devastating motor sport injuries to the cervical spine (neck). The
manufacture and development of the core products currently take place at the Leatt
Corporation’s offices in Cape Town, South Africa, which are situated at the
headquarters of the Leatt Brace Holdings (Pty) Ltd.
The Leatt-Brace™ is designed to prevent or lessen the severity of spine/neck
injuries. The impetus for the project came from Dr. Chris Leatt’s medical knowledge,
his history as a motorcycle racer and the many neck injuries he has witnessed. The
product not only has motor sport applications, but the Company believes that it can
be used by anyone wearing a crash helmet as a form of protection. The inventor of
the brace, Dr. Chris Leatt, is the President of The Leatt Corporation and is
responsible for executing the Company’s global strategy.
For more information on the Leatt-Brace™, please visit the company website at
www.leatt-brace.com.
Legal Notice Regarding Forward-Looking Statements: This press release may contain
forward-looking statements 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 "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. 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 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 and limitations on ability of
broker-dealers to trade or recommend such stock.
Investor Relations: Please contact investorrelations@fastmail.fm or call +1 (702)
447-6751.
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