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Technology Stocks : LEAT- Leat Corporation -- Ignore unavailable to you. Want to Upgrade?


To: oldno7 who wrote (19)5/15/2008 9:27:25 AM
From: xcentral1  Respond to of 52
 
Leatt Corporation Conducting Fiscal Year 2007 Audit as Part of Enhanced Public Disclosure Effort
Market Wire
Posted: 2008-05-15 09:06:34
CAPE TOWN, SOUTH AFRICA -- (MARKET WIRE) -- 05/15/08 -- Leatt Corporation (PINKSHEETS: LEAT), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the distributor of the Leatt-Brace(TM), a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that its annual audit for Fiscal Year 2007 will be conducted by JH Cohn LLP, an independent public accounting firm located in New York and New Jersey. The audit is part of the Company's effort to enhance the scope and frequency of publicly available information, as well as to meet the requirements for quotation of the Company's common stock on a national securities exchange or quotation system. The Company anticipates completion of the audit in June 2008.

Mr. Jeff Guzy, President of the Company, said, "We did an extensive search for an auditor and we are confident that JH Cohn is a suitable independent public accounting firm and we are pleased that they are our independent auditors. We intend to publish our audited financial statements for the fiscal year ended December 31, 2007, along with the audit letter of JH Cohn, on our website as soon as it becomes available."

About JH Cohn

JH Cohn provides audit, tax and accounting services to private and public middle-market companies, individuals and not-for-profit groups. JH Cohn is the largest independent accounting firm in the Northeast and one of the Top 20 accounting and consulting firms in the United States.

About Leatt Corporation:

Leatt Corporation is the exclusive global distributor of the Leatt-Brace(TM), 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 Leatt Corporation's offices in Cape Town, South Africa.



To: oldno7 who wrote (19)2/3/2009 9:51:22 AM
From: xcentral1  Respond to of 52
 
Leatt v Pro Tork Litigation Settles: Pro Tork Halts Sale of the Neck Brace Pro
Marketwire
Posted: 2009-02-02 11:00:00
CAPE TOWN, SOUTH AFRICA -- (Marketwire) -- 02/02/09 -- 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), announced today that Leatt and Pro Tork have reached a settlement of their dispute over the alleged infringement by Pro Tork.

The settlement is over the alleged infringement by the Pro Tork Neck Brace Pro of Leatt's rights in the Leatt-Brace Moto GPX. Under the terms of settlement, Pro Tork has stopped selling its Neck Brace Pro product internationally and will pay an undisclosed sum to Leatt. Further details of the settlement are not available for public disclosure.

Dr. Leatt, the Chief Executive Officer of Leatt Corporation, said that he was very pleased by the outcome, "Leatt is thrilled about the outcome. We shall not hesitate to take all necessary action to enforce our intellectual property rights which protect the product internationally."

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.



To: oldno7 who wrote (19)6/8/2009 2:19:26 PM
From: xcentral1  Respond to of 52
 
Leatt Corporation Announces Profit in First Quarter FY 2009

CAPE TOWN, SOUTH AFRICA, Jun 08, 2009 (MARKETWIRE via COMTEX) -- Leatt Corporation (PINKSHEETS: LEAT) (Company), a Nevada corporation, today announced unaudited financial results for its fiscal 2009 first quarter ended March 31, 2009. The Company posted net quarterly profit of $502,862 on gross revenues of $4,345,323. These results compare to revenues of $5,996,039 and net quarterly profit of $1,308,388 in the year-ago quarter. Gross average margin on our neck braces was 68.3% compared to 68.0% a year-ago quarter. International sales accounted for 59% of the quarter's revenues. Financial results are posted on our corporate web site at www.leatt-corp.com. Reported results are unaudited for the First Quarter FY 2009.
CEO Chris Leatt stated that: "Despite the drop in profitability on a quarter-to-quarter year ago basis, we still made a profit in what we believe is one of the worst financial periods in modern history with our new marketing efforts to penetrate new market niches in the United States and Europe in 2009. While an improvement in the world economy is essential to any significant improvement of our financial results, we are not waiting for such a turnaround. Instead, we are pursuing an aggressive new market penetration and expansion into new geographic markets. We will keep you posted on our web site about our progress in this challenging endeavor. "

About the Company: The Company is the exclusive global maker and distributor of the Leatt-Brace(R), 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 Company's offices in Cape Town, South Africa.

For more information on the Leatt-Brace(R), please visit the Company web site at www.leatt-brace.com. Any web site or any portion thereof referenced herein is not part of this press release.