Las Vegas, NV, December 15, 2006 --(PR.com
)-- Leatt Corporation (Pink Sheets: LEAT.PK), 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 Leatt-Brace™ MOTO R has achieved SFI 38.1 certification.
The SFI Foundation, Inc. (SFI) is a non-profit organization, established to issue and administer standards for specialty/performance automotive and racing equipment. Manufacturers of equipment are the primary users of SFI standards, although some standards are adopted as part of the rules of race sanctioning organizations.
The Leatt-Brace™ is available in two models, the MOTO R, which was developed specifically for race car drivers or drivers of other vehicles using driver restraints, and the MOTO GPX, which was developed for motorcycle riders and unrestrained drivers of other vehicles such as quad bikes and karts. The MOTO R version was submitted for the SFI 38.1 test, which is the certification for head and neck restraint systems. This testing procedure is comprised of three runs on a sled that simulate a 70G impact, two of which are frontal and one is a 30˚ side impact. The Leatt-Brace ™ MOTO R, as worn by the crash test dummy during these runs, was then evaluated and, having easily met minimum requirements for this test, awarded the SFI 38.1 certification. The results of these tests can be viewed on the company website at www.leatt-brace.com/r_testing.asp.
“SFI 38.1 certification is great news for the company,” said Dr. Chris Leatt, President and C.E.O. of Leatt Corporation. He continued, “This certification validates our product under the testing certification of SFI Foundation. Such a certification will hopefully increase consumer interest in our product. We are delighted with the results and believe this certification, along with endorsements from racing professionals, will assist our efforts in establishing the product as standard safety equipment in the industry.”
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’s operations and research and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com. For more information on the SFI Foundation, please visit the company website at www.sfifoundation.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, 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. Certifications like the one performed by SFI Foundation do not necessarily result in sales or consumer acceptance of the product in question. 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.
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