Leatt Corporation Releases Financial Statements for FY2006 and Q1 FY2007

Released on = August 1, 2007, 3:17 am

Press Release Author = Leatt Corporation, Inc.

Industry = Automotive

Press Release Summary = CAPE TOWN, South Africa - Leatt Corporation (Gray Market:
LEAT.), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the
developer of the Leatt-BraceT, a Neck Brace System designed to help prevent
potentially devastating motor sport injuries to the cervical spine (neck), today
announced that its Audited Financial Statements for the fiscal year ending December
31, 2006 (FY2006) and Un-audited Financial Statements for Quarter One of the fiscal
quarter ending March 31, 2007 ("Q1 FY2007") have been posted on the Company's
web-site: http://www.leatt-brace.com/ir_corporate-finreports.asp

Press Release Body = CAPE TOWN, South Africa - Leatt Corporation (Gray Market:
LEAT.), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the
developer of the Leatt-BraceT, a Neck Brace System designed to help prevent
potentially devastating motor sport injuries to the cervical spine (neck), today
announced that its Audited Financial Statements for the fiscal year ending December
31, 2006 (FY2006) and Un-audited Financial Statements for Quarter One of the fiscal
quarter ending March 31, 2007 ("Q1 FY2007") have been posted on the Company's
web-site: http://www.leatt-brace.com/ir_corporate-finreports.asp

Dr. Leatt, the founder and Chief Executive Officer of Leatt said: "The Company
believes that the financial statements of FY 2006 and Q1 FY 2007 attest to
management's hard work and the quality of our current product."

Dr. Leatt also said: "The Company is working to resolve the SEC's concerns that
precipitated the trading halt of Leatt stock together with the stock of thirty-four
other companies in March 2007."

About The Leatt Corporation: The Leatt Corporation is the exclusive global
distributor of the Leatt-BraceT, 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-BraceT, 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.

Legal Notice Regarding Forward-Looking Statements: This press release may contain
forward-looking statements covered by the Private Securities Litigation Reform Act
of 1995 (15 U.S.C. §78j), 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 under the control of the Company, including, without
limitation, the current economic climate, market acceptance of our products, which
we regard as novel, the start-up nature of our business, the risks of regulatory
scrutiny and investigations, 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 reserves of the Company and the possible, 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 "Gray Market" of the Over-the-Counter market
and the Company is a "penny stock company" (as defined under the rules of the
Securities Exchange Act of 1934, as amended). The Company is not a reporting
company under the federal securities laws and our financial results are no longer
posted on The Pink Sheets. 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, susceptibility to trading pressure and limitations on
ability of broker-dealers to trade or recommend such stock.

Investor Relations: Please contact corp@leatt-brace.com or call +1 (831) 306-6117.



Web Site = http://www.leatt-brace.com

Contact Details = Investor Relations: Please contact corp@leatt-brace.com or call
+1 (831) 306-6117.

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