Leatt Corporation Announces Testing of Leatt-Brace at the UAE Desert Challenge CAPE TOWN, South Africa - Leatt Corporation (Pink Sheets: LEAT.PK), a Nevada, USA Corporation headquartered in Cape Town, South Africa, that develops, sells and ...
Leatt Corporation Announces Testing of Leatt-Brace at the UAE Desert Challenge
CAPE TOWN, South Africa - Leatt Corporation (Pink Sheets: LEAT.PK), a Nevada, USA Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that it has completed testing their Leatt-Brace MOTO GPX brace at the UAE Desert Challenge with KTM Works riders Marc Coma (2006 Dakar Rally Champion) and Cyril Despres (2005 UAE Desert Challenge Winner).
Dr. Chris Leatt, President and C.E.O. of the Leatt Corporation, visited Dubai from the 9th to the 14th of November 2005 to present the Leatt-Brace MOTO GPX to two of the competitors in 2005 United Arab Emirates Desert Challenge race, Marc Coma and Cyril Despres. Dr. Leatt accompanied the riders into the desert where the Leatt-Brace MOTO GPX was put through its paces. A majority of the riders commented that the brace was practical to wear in full race conditions and would be a welcome addition to standard safety equipment.
Dr. Leatt, President & C.E.O. of the Leatt Corporation, said "Cyril Despres was so impressed with the Leatt-Brace that he spent the night modifying his race jacket so that he could race the upcoming 2005 Desert Challenge with the Leatt-Brace. After winning the 2005 UAE Desert Challenge, Despres was also featured on numerous international motor sport television programs sporting his Leatt-Brace MOTO GPX."
Marc Coma, 2006 Dakar Rally Winner, has already ordered his brace as a result of this testing exercise.
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 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 Leatt Brace Holdings (Pty) Ltd.
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. Initial test results of Company products, such as discussed above, may not be indicative of the commercial market potential of or potential consumer interest in such products. 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.