Legislation Would Close 9 Million Acres of Utah Public Land to Riding

PICKERINGTON, OH – April 23, 2013 – (Motor Sports Newswire) – Bills that would close 9.1 million acres of Utah public land to off-highway vehicles have been introduced in Congress, the American Motorcyclist Association reports.

U.S. Rep. Rush Holt (D-N.J.) introduced H.R. 1630, and U.S. Sen. Dick Durbin (D-Ill.) introduced S. 769, on April 18. Both bills are called America’s Red Rock Wilderness Act and would designate more than 9 million acres of Utah public land as Wilderness. Once land is designated as Wilderness, no vehicles, including motorcycles, all-terrain vehicles or bicycles, are allowed on that land.

Included in the 9.1 million acres are existing OHV riding areas around Moab, the San Rafael Swell and Chimney Rock. These popular OHV areas represent some of the most important remaining OHV recreation areas in Utah, and are some of the most popular with responsible OHV riders. The targeted areas also include existing roads and developments.

Passage of the legislation would have a significant, negative effect on local economies already struggling to recover from the recession.

“It is outrageous that Rep. Holt of New Jersey and Sen. Durbin of Illinois would attempt to bypass the Utah congressional delegation to shut down 9 million acres in Utah to just about everyone but hikers,” said Wayne Allard, AMA vice president for government relations. “This legislation is also puzzling because much of the land in question doesn’t come close to meeting the definition of Wilderness that’s spelled out in federal law. According to the Wilderness Act of 1964, Wilderness can only apply to land ‘retaining its primeval character and influence, without permanent improvements or human habitation.’”

On April 18, the Republican members of Utah’s congressional delegation sent a letter to their congressional colleagues asking them to withhold their support for the legislation.

The lawmakers, Sens. Orrin Hatch and Mike Lee, and Reps. Rob Bishop, Chris Stewart and Jason Chaffetz, wrote: “In fact, Utah elected officials, including the governor, state legislative leadership, rural county commissioners and Utah’s Republican and Democratic members of Congress have unanimously opposed this bill.”

“The Utah delegation is not opposed to preserving wilderness-quality lands,” they wrote. “In fact, several members of the Utah delegation are working on a Utah lands bill based on input from state and local government officials, conservation groups and other stakeholders. This will be a balanced bill that provides for both conservation and development opportunities in a locally driven, transparent process.”

Allard, a former U.S. senator representing Colorado, added: “The Utah congressional delegation is doing this properly by making it a bottom up process with input from affected citizens and communities instead of a top down process from Washington. The Wilderness area the New Jersey member is attempting to force onto the people of Utah is almost twice the size of his state with no public input from the people of Utah.”

The AMA is calling on all motorcyclists and OHV enthusiasts to help stop H.R. 1630 and S. 769. The fastest way to reach your U.S. representative or senators is a telephone call. You can find contact information for your elected officials by entering your zip code at www.americanmotorcyclist.com/rights/issueslegislation. A pre-written email is also available there to send to your representative or senators by following the “Take Action” option after entering your information at the above website.

About the American Motorcyclist Association

Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. The AMA also provides money-saving discounts on products and services for its members. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit www.americanmotorcyclist.com.

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Polaris Industries Donates $100,000 in All-Terrain Vehicles to Local Youth Camps

Boy Scouts of America and The Salvation Army receive ATVs for youth initiatives

Minneapolis, MN – August 21, 2012 – (Motor Sports Newswire) – Polaris Industries Inc. (NYSE: PII), the leading manufacturer of off-road vehicles, today announced the company has donated a total of 28 Polaris all-terrain vehicles (ATVs) and safety gear to the Boy Scouts of America’s Northern Star Council’s Tomahawk Scout Reservation, the second largest Boy Scout camp in the nation, and the Northwoods Camp, run by The Salvation Army, the world-wide leader of social, youth and rehabilitative services. The donation, valued at $100,000, is part of Polaris’ long-term partnerships with the two organizations, focused on youth ATV safety practices and outdoor sports.

“Our partnerships with Boy Scouts of America and The Salvation Army offer outstanding opportunities to demonstrate how ATVs can be a positive educational tool for youth,” said Scott Wine, Polaris CEO. “By introducing young people to the sport in a manner that emphasizes the importance of safety and responsible ATV ownership, Polaris can entice a new generation into the powersports community while providing a great experience for thousands of young people.”

The Boy Scouts of America’s Northern Star Council’s Tomahawk Scout Reservation, located in Birchwood, Wis., is the destination for approximately 6,500 Boy Scouts, Webelos and adult leaders every summer. The new ATV program at the camp encompasses all aspects of safe ATV operation and ATV maintenance. Boy Scouts enrolled in the program also have the opportunity to earn merit badges for their participation.

The Salvation Army’s Northwoods Camp, located on Elbow Lake, in Finlayson, Minn., accommodates more than 3,000 youth campers each summer. The camp offers various activities including swimming, hiking, fishing, camping, arts and crafts, archery, music, boating, ropes course, and the opportunity for spiritual enrichment. The core intention of the ATV program is to teach camp visitors new life skills such as changing oil, repairing flat tires, and other learning experiences that will help youth broaden their skills and build their confidence.

Polaris vehicles available to camp visitors at both camps include the easy-to-use Phoenix 200; the best-selling utility ATV of all time, the Sportsman 500 H.O.; and the award-winning Sportsman 550. The Salvation Army’s Northwoods Camp also will have the most-popular youth ATVs, the Outlaw 50 and Outlaw 90, available to camp visitors. As part of both donations, Polaris will adjust models as needed and replace older units over time to ensure the camp always has safe, age-appropriate vehicles available.

About Northern Star Council of Boy Scouts of America
Northern Star Council BSA leads youth to be healthy, contributing citizens and leaders in their families, communities and the world, serving 75,000 young people in 25 counties across central Minnesota and western Wisconsin.

Visit www.NorthernStarBSA.org for more information.

About The Salvation Army
The Salvation Army Northern Division has been serving Minnesota and North Dakota communities since 1886. Today the Northern Division includes operation centers in dozens of cities across both states. These centers provide food, shelter, youth programs and more to nearly 590,000 people a year. To volunteer with The Salvation Army or to make a donation, call 651-746-3400 or toll free at 800-SAL-ARMY (725-2769). Checks made out to The Salvation Army may be sent to 2445 Prior Ave. N, Roseville, MN 55113.

For more information or to make an online donation, please visit www.salvationarmynorth.org.

About Polaris
Polaris is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.

Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polaris.com.

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Polaris Debuts 2013 ORV and Motorcycle Product Lines

New, versatile Side-by-Sides and a modern take on the classic cruiser shine in a lineup full of stars

MINNEAPOLIS, MN – August 1, 2012 – (Motor Sports Newswire) – Polaris Industries Inc. (PII) unveiled its 2013 product offerings from its on-road and off-road vehicle divisions. The latest additions and updates deliver on Polaris’ reputation for innovation, introducing brand-new vehicles and upgrading features on the Company’s historic names. Among the new products to tackle the trails are the full-size RANGER®XP® 900, the RANGER 800 EFI Midsize, a powerful, two-seat model that fits in the back of a pickup truck, a new RZR® 570 LE with enhanced handling and agility, and the sporty Scrambler XP 850 H.O. ATV with its streamlined design for strong trail performance. For riders who prefer the highway to the backwoods, Victory is offering the all-new Boardwalk, a bold new cruiser with classic looks and forward-looking performance.

“Polaris is number one in powersports and our investment in new product innovation continues to lead the way,” said Bennett Morgan, president and chief operating officer of Polaris. “We have no plans of slowing down in model year 2013 – we intend to raise the bar. We’re introducing more new, innovative products and technologies to continue to create opportunities for more growth in markets around the world.”

Polaris unveiled its 2013 product lineup to dealers at Orleans Arena in Las Vegas during the company’s annual summer sales meeting.

Off-Road Vehicle Division
In recent years, Polaris has aggressively launched new products, evolved its off-road offerings and become No. 1 in the off-road industry with the best and most-innovative ATV and Side-by-Side offerings available. For model year 2013, Polaris will continue to innovate by introducing three new vehicles and making significant upgrades to existing products.

“Polaris’ innovation continues, once again, by creating products that raise the performance and value bar in the off-road industry,” said Dave Longren, vice president of off-road vehicles and ORV Engineering. “From the hardest working, smoothest riding ATV and RANGER Side-by-Sides, to the RZR line with the ultimate combination of power, suspension and agility, Polaris offers the most-complete line-up of off-road vehicles on the market.”

RANGER® Side-by-Side Vehicles
Since introducing the first RANGER and revolutionizing off-road vehicles, Polaris has defined the Side-by-Side market by regularly introducing compelling, new vehicles and upgraded features that bring to life the idea of Hardest Working and Smoothest Riding Side-by-Sides.

The 2013 lineup is no different, with the introduction of the ground-breaking, full-size RANGER XP 900. This completely redesigned RANGER features more than 500 new or improved consumer features including a new ProStar 900 engine, all-new chassis, new restyled cockpit, new flip-up seat storage, new Lock & Ride® PRO-FIT™ cab accessories, and a quieter ride courtesy of engine repositioning. This new vehicle represents a whole new class of Side-by-Side utility vehicles and will lead the way in establishing an entirely new Side-by-Side utility vehicle growth segment. The RANGER XP 900 joins the RANGER 800 and RANGER Diesel in the full-size category.

New to Polaris’ mid-size offerings, the RANGER 800 EFI Midsize provides Big Bore performance in a smaller, two-seat model that fits in the back of a pickup truck. The RANGER 800 EFI Midsize is perfect for any customer looking for a mid-sized footprint and price, with full-size power. It shares many features with its full-sized counterparts: On-Demand True All-Wheel Drive with VersaTrac, Independent Rear Suspension, heavy duty front end protection, high ground clearance and the longest suspension travel in its class. The RANGER 500 EFI, RANGER 400 and RANGER EV round out the 2013 mid-size offering.

Polaris also has updated its outstanding multi-passenger lineup for 2013, continuing to offer the RANGER CREW Diesel, the RANGER CREW 800 and RANGER CREW 500.

The RZR lineup is a full family of sport vehicles, covering high-performance, trail and multi-passenger models. RZR continues to be the only Side-by-Side line with razor sharp performance for the ultimate combination of power, suspension and agility.

For model year 2013, Polaris enhances the RZR lineup with increased agility, more ground clearance and added downhill control. The new RZR 570 Trail Limited Edition offers Electronic Power Steering (EPS) and a new unlocking differential for unmatched handling, and, for the first time on a RZR, an Engine Braking System (EBS) for enhanced control. All RZR 800s are getting new, dual rate springs, front and rear, providing more loaded ground clearance. This progressive spring design builds force faster as a rider gets further in the travel, ultimately providing as much as two inches more ground clearance, saving wear on vehicles and creating a more comfortable ride.

Polaris also will offer a wide variety of limited edition RANGER and RZR models in 2013.

All-Terrain Vehicles
Polaris increased the power in its Entry/Sport line for 2013 with the new Scrambler XP 850 H.O., available in both a base and Limited Edition package. The Scrambler XP 850 H.O. is geared towards riders who want a more powerful and sportier ride, combining the proven 850 twin, high-output EFI engine, Polaris’ exclusive On-Demand, True All-Wheel Drive, sports-tuned suspension and more streamlined design. For riders craving even more, Polaris offers a Limited Edition model with Electronic Power Steering (EPS), Fox Podium compression adjustable shocks, cast aluminum wheels, and stylish comfort features paired with a unique graphics package. The Entry/Sport line also includes three returning models: Trail Boss 330, Trail Blazer 330 and Phoenix 200.

Bearing the most heralded name and market share leadership in all-terrain vehicles, the Sportsman line again provides an incredible variety of features and functions to satisfy the needs of all ATV riders, spanning Polaris’ Premium, 2-Up and Value offerings, with a dozen unique models.

Polaris enhanced its best-selling Youth lineup for 2013, again offering five models based upon the Specialty Vehicle Institute of America’s (SVIA) Youth ATV categories. Polaris continues to be a leader in rider safety and ensuring that young riders have all-terrain vehicles that are the right size and outfitted with the proper safety features to make riding a fun, and safe, pastime for all ages.

On-Road Vehicle Division
Long-known as the leader in developing the best off-road vehicles, Polaris has brought an innovative perspective to the on-road vehicle market since the first Victory motorcycles rolled off the assembly line. Polaris has since redefined consumer expectations for on-road vehicles. Model year 2013 is no different. Victory Motorcycles again leads the way with an exciting lineup of bikes that offer superior performance and style. Joining Victory in this year’s lineup is the first offering from Indian Motorcycle since Polaris purchased the legendary brand last summer.

Victory Motorcycles®
“For the past year, Victory confidently challenged consumers with one simple phrase, ‘Ride One and You’ll Own One,’” said Steve Menneto, vice president of motorcycles for Polaris. “Now we’re taking that challenge a step further. We’re crushing outdated expectations of how an American motorcycle should look and perform. Our latest bikes promise to deliver a riding experience that will help riders enjoy the ride as they never have before.”

In concert with model year 2013, Victory is unveiling a new, modern logo that reflects the bold attitude of Victory bikes and Victory riders. The brand also is redefining how it looks at its lineup, now categorizing bikes in three distinct segments – cruisers, baggers and touring – to provide customers exactly what they want from their Victory motorcycle.

The all-new Victory Boardwalk headlines Victory’s 2013 cruiser class. With the look of a classic cruiser – wide beach handlebars, full floorboards and a healthy dose of chrome – Boardwalk performs like no other cruiser on the market. Powered by Victory’s trademark Freedom® 106/6 V-Twin engine, Boardwalk delivers power and torque few cruisers can match. Boardwalk is perfect for riders wanting a comfortable, relaxed ride on the open road. Joining Boardwalk in the 2013 lineup of cruisers are the Judge, High-Ball, Jackpot, and value-focused Vegas 8-Ball and Hammer 8-Ball.

In 2013, Victory is providing options to bagger riders that want the style and power of a cruiser with a few additional modern perks. Built on an innovative, cast aluminum chassis for an incredibly smooth ride, Victory baggers also are delivering the convenience of large saddlebags and the peace of mind of standard ABS. The Victory Hardball shows off these features with head-turning style, effortlessly integrating 21 gallons of hard bagger storage among ape-hanger handlebars and custom pinstriping design. The rest of Victory’s baggers are updated for 2013 as well, namely the Cross Country, which is sporting KICKER audio, a shorty black windscreen and lockable, weatherproof saddlebags.

Victory’s touring bikes continue to provide more comfort and storage than any other motorcycles in the touring category. The Cross Country Tour, Victory’s most popular motorcycle in 2012, offers more storage space than any other motorcycle in the world (41. 1 gallons) and the exclusive Victory Comfort Control System, allowing riders to manage airflow for ideal comfort. Joining the Cross Country Tour is the iconic Vision, which delivers unmatched styling and comfort, combined with world-class handling and wind protection for a great ride.

The legendary Ness family again lends their custom touch to three Victory models in 2013, with the Arlen Ness Signature Series Victory Vision, the Cory Ness Signature Series Victory Cross Country Tour and the Zach Ness Signature Series Victory Cross Country. All three build on standard editions and add custom touches such as custom paint, billet wheels, additional chrome and stylish accessories.

Indian Motorcycle
“Indian Motorcycle’s place in American history is undeniable,” said Menneto. “Indian’s legend was built not only on a dedication to innovation, but also on a dedication to its riders, an understanding that the brand was never bigger than those riding Indian bikes. We’re embracing that commitment to make riders proud to ride an Indian.”

Newfor 2013, the Chief Vintage Limited Edition harkens back to Indian’s roots, offering head-turning style and versatility for those long rides on the open road. The LE looks the part of an Indian bike, featuring a Pearl White and Thunder Black two-tone paint scheme and stylish chrome accents that add a custom touch to this already striking motorcycle. The quick detach passenger backrest and luggage rack allows you to go from cruising around with your crew to riding your favorite scenic route in no time. Indian Motorcycle will produce only 35 LE units.

Along with the limited edition, Indian will offer several bikes with the premium features and impeccable attention to detail synonymous with Indian. These include the Chief Vintage in three distinct color schemes, as well as the Classic in Solid Thunder Black or Solid Indian Red and the Dark Horse in Thunder Black Smoke.

Pure Polaris®
For 2013, Pure Polaris is offering more than 200 accessories for Polaris vehicles. The new Lock & Ride PRO-FIT cab is an industry-first, designed for total integration with the new RANGER XP 900. Developed in concert with the vehicle, this revolutionary cab connects directly with the vehicle’s frame, providing a secure fit, better seals and incomparable style. Changing out components on the cab takes seconds and doesn’t require tools, making it capable of adapting to changing conditions in real-time, another industry first. Additional accessories to ensure RANGER vehicles are hardest working include the new Glacier PRO Plow System, with Lock & Ride technology for easy installation and removal, and the Polaris PRO HD winch, with an incredible 4,500 lbs. rated pull available for all RANGER and RZR models. New accessories for Victory motorcycles enable riders to further customize their Victory with unique comfort features and more secure storage space to improve the riding experience.

Pure Polaris isn’t just accessories for vehicles. The line also boasts an expansive range of comfort, safety and stylish apparel for every rider, on- or off-road.

About Polaris
Polaris is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.

Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polarisindustries.com.

SOURCE: Polaris Industries Inc.

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Arctic Cat to Webcast Fiscal 2013 First Quarter Conference Call

MINNEAPOLIS, MN – July 17, 2012 – (Motor Sports Newswire) – Arctic Cat Inc. (NASDAQ: ACAT) announced today that it will webcast its fiscal 2013 first quarter conference call on Thursday, July 26, 2012, at 11 a.m. CT (noon ET). The company will release results for its first quarter ended June 30, 2012, before the stock market opens that day.

To access the live webcast or webcast replay, go to the corporate portion of the company’s website at www.arcticcat.com. To listen to a telephone replay of the conference call, dial 800-406-7325 and enter conference call passcode 4552191. The telephone replay will be available through Thursday, August 2, 2012.

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs) and snowmobiles under the Arctic Cat^® brand name, as well as related parts, garments and accessories. Its common stock is traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

Source: Arctic Cat Inc.

Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Chief Financial Officer
or
Padilla Speer Beardsley Inc.
Shawn Brumbaugh, 612-455-1754
sbrumbaugh@padillaspeer.com

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Arctic Cat Hires Tracy Crocker as ATV Division Vice President and General Manager

MINNEAPOLIS, MN – March 20, 2012 – (Motor Sports Newswire) – Arctic Cat Inc. (NASDAQ: ACAT) today announced that Tracy Crocker, 51, has joined the company in the new position of vice president and general manager of the ATV division, effective immediately.

In this role, Crocker is responsible for growing Arctic Cat’s all-terrain and recreational off-road vehicle (ATV/ROV) business, while improving overall profitability, overseeing product development, building and executing a global strategy, and identifying and developing new opportunities that deliver on Arctic Cat’s financial and strategic objectives.

Crocker’s business background includes a variety of executive leadership, and sales and marketing assignments. Most recently, he served as the senior vice president of Ecolab’s hospitality, healthcare and commercial markets businesses. Prior to that, he served as Ecolab’s senior vice president and general manager for Latin America, and as division vice president of marketing.

Before joining Ecolab, Crocker worked in senior sales and operating roles at Next Generation Network, Nabisco and Pepsi Cola Company. He began his career in sales with Proctor and Gamble.

Arctic Cat chief executive officer Claude Jordan said, “Tracy possesses a broad business background, solid sales and general management experience, a strong consumer marketing background at top-tier companies and great relationship-building skills. These experiences make him a tremendous addition to the Arctic Cat team.”

Crocker graduated from the University of Iowa with a bachelor’s degree in business and finance. He earned an MBA degree from Pepperdine University.

About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs) and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the Nasdaq Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

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Leatt Corporation Appoints Zafiris M. Zafiropoulos to Board of Directors

CAPE TOWN, SOUTH AFRICA – October 31, 2011 – (Motor Sports Newswire) – Leatt Corporation (OTC: LEAT.PK), a global marketer and distributor of the Leatt-Brace®, a neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for helmeted sports, announced today the appointment of Mr. Zafiris M. Zafiropoulos to its Board of Directors, effective immediately. The appointment of Mr. Zafiropoulos, who is an independent director, brings the total number of board members to four.

For the past 10 years, Mr. Zafiropoulos, 59, has been the Executive Director of Midrand, South Africa-based Time Quantum, a profitable, privately-held South African information technology services company providing software and IT solutions to public and private sector clients. Previously, Mr. Zafiropoulos was Chief Executive Officer and Executive Director of South Africa-based Crux Technologies, a predecessor company to Time Quantum.

“Mr. Zafiropoulos is an exceptional addition to our board and his extensive business experience will be a valuable asset as we expand our product lines and geographical footprint around the world,” said Dr. Chris Leatt, the Chairman of the Board of Directors. “He has established a proven track record in sales and marketing as well as in building and growing publicly-held companies. The Leatt management and all my fellow board members look forward to Mr. Zafiropoulos’ expertise and working with him to grow Leatt Corporation.”

Prior to his time at Crux Technologies, Mr. Zafiropoulos helped found and led the sales and marketing team at South Africa-based Cephas Computer Services, a consulting services company.

Mr. Zafiropoulos has a Bachelor’s degree in computer science and applied mathematics from the University of the Witwatersrand in South Africa and a Master’s degree in business leadership from the School of Business Leadership in South Africa.

About Leatt Corporation

Leatt Corporation develops, distributes and markets personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.

For more information, visit: www.leatt-corp.com | www.leatt-brace.com

Contacts

Allen & Caron Inc
Rudy Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087

Len Hall (Media)
len@allencaron.com  
(949) 474-4300

SOURCE: Leatt Corporation

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Kandi Technologies, Corp. Announces the Government Subsidies to 3,000 Kandi Pure Energy Vehicles

JINHUA, CHINA – October 17, 2011 – (Motor Sports Newswire) – Kandi Technologies, Corp. (the ‘Company’ or ‘Kandi’) (NASDAQ: KNDI), a leading Chinese supplier of off-road vehicles and developer of pure electric vehicles (EV), today announced that an inauguration ceremony for a new energy vehicle promotional campaign of Jinhua City was sponsored and held by Jinhua Municipal City at the facility of Zhejiang Kandi Vehicles Co., Ltd., a wholly owned subsidiary of the Company, on October 12th, 2011.  The ceremony was hosted by the Director and the Deputy Director of Economic and Information Technology Commission of Jinhua, Mr. Hongshen Jin and Mr. Zhongjun Li. The Deputy Mayor of Jinhua City, Mr. Zhongliang Jin, and the Chairman and CEO of Kandi, Mr. Xiaomin Hu, attended the ceremony and delivered keynote speeches.  Other distinguished guests included the heads of the Municipal City Development and Reform Commission, the Economic and Information Technology Commission, the Public Security Bureau, the Finance Department, the Technology Department, and other relevant departments of the Jinhua Municipal City.

The objective of the ceremony was to promote the sales of electric vehicles in Jinhua City through government financial subsidies to consumers who purchase Kandi pure EV. A Kandi pure EV is priced at 43,000 RMB (approximately $6,750).  To encourage consumers to purchase the electric vehicles, Zhejiang Provincial Government and Jinhua Municipal Government will provide subsidies of 32,000 RMB (approximately $5,024) to the buyers for each of the first 500 Kandi pure EV, 20,000 RMB (approximately $3,140) to the buyers for each of the next 1,000 Kandi pure EV, and 16,000 RMB (approximately $2,512) to the buyers for each of the following 1,500 of Kandi pure EV.

Kandi’s pure EV uses a vehicle and battery separation system and an “Express Change” of battery model.  Since the experimental operation of the new model in November 2010 in Jinhua City, customers have enjoyed that it is economical and environmentally friendly and have praised its convenience, efficiency, compact size, and elegant design.

“We believe the successful operation of Kandi’s new energy vehicles in Jinhua City will mark an important milestone for Kandi’s market expansion,” commented Mr. Xiaoming Hu, the CEO and Chairman of the board of Kandi.  ”Given the innovative technology of our EV, coupled with Jinhua Municipal Government’s financial incentive support, we anticipate that Jinhua City, among the cities with the pilot program for new energy vehicles, will soon become the most influential city for the new energy vehicles.”

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Safe Harbor Statement

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contacts:

Kandi Technologies, Corp.

China:
Phone: 86-579-82239856
Email: IR@kandigroup.com

U.S.A.
Phone: 1-212-551-3610
Email: IR@kandigroup.com

SOURCE: Kandi Technologies, Corp.

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Leatt Corporation Selects Allen & Caron Inc for Investor Relations, Corporate Communications

CAPE TOWN, SOUTH AFRICA – Oct. 10, 2011 – (Motor Sports Newswire) – Leatt Corporation (OTC: LEAT.PK), a global developer, marketer and the distributor of the Leatt-Brace®, a neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for helmeted sports, announced today that it has selected New York-based Allen & Caron Inc as its agency for investor relations and corporate communications.

Chief Executive Officer Sean Macdonald commented: “Our first product, the Leatt-Brace, is already well known worldwide as a superior neck injury prevention device. It has also allowed us to establish a respected brand in the rapidly-expanding world of extreme sports and a global reputation as a developer of innovative technologies. With this in mind, we believe it is the appropriate time to establish broader visibility in the investment community and the financial media, and thus selected Allen & Caron, an agency with a solid reputation within these financial circles and history of success, to help us build investment support.”

Allen & Caron Chairman and Chief Executive Officer Joe Allen stated: “Leatt Corp.’s position in the exciting and rapidly-expanding extreme sports market, and strategy to expand throughout the broader sports industry, offers a potentially interesting and compelling investment opportunity that will be the focus of our efforts on their behalf. We will assist Leatt in developing and executing an investor relations program designed to effectively communicate its business plan strategy, improve overall awareness among portfolio managers and analysts and, over time, enhance shareholder value.”

About Leatt Corporation

Leatt Corporation develops personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.

For more information, visit: www.leatt-corp.com | www.leatt-brace.com

About Allen & Caron

Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a broad range of industry segments. The firm has offices in Irvine, California; New York City and London; and has an affiliate relationship with a leading investor relations firm in Italy, which has offices in Milan and Rome.

For more information, visit:

www.allencaron.com | www.smallcapworld.wordpress.com | www.twitter.com/AllenCaron

Cautionary Notice Regarding Forward-Looking Statements:  This communication may contain forward-looking statements, including statements relating to the market opportunity and future business prospects of Leatt Corporation.  Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Consequently, all forward-looking statements made in this communication are qualified by those risks, uncertainties and other factors.   Such risks, uncertainties and other factors include Leatt Corporation’s status as a non-SEC reporting, “penny stock” microcap company as well as those other risks, uncertainties and other factors set forth in the financial statements and public announcements on its website at http:www.leatt-corp.com.   Contents of any URL referenced herein are not incorporated herein and are for information purposes only.  No statements herein constitute investment advice.

Contacts

Allen & Caron Inc
Rudy Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087

Len Hall (Media)
len@allencaron.com  
(949) 474-4300

SOURCE: Allen & Caron Inc

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Cycle Country Accessories Corp. Appoints New Independent Director, Receives Amex Notice

MINNETONKA, MN – September 23, 2011 – (Motor Sports Newswire) – Cycle Country Accessories Corp. (Amex: ATC) announced today that its Board of Directors elected Lance Morgan as a new independent director. Mr. Morgan, 43, is the founder, president and Chief Executive Officer of Ho-Chunk, Inc., an economic development corporation of the Winnebago Tribe of Nebraska. He is also a partner of Fredericks Peebles & Morgan LLP, a national law firm specializing in Indian law, economic development and Indian gaming. As founder of Ho-Chunk, he helped lead the company from a start-up in 1995 with no revenues and one employee to what is now a tribal conglomerate with more than $200 million in revenues, 1,100 employees, and operations in diverse industries, including Native American tobacco products, Native-blended gasoline products, hotel development, retail products, government contracting, modular homes and Indianz.Com, the largest Native news and information Web site. Mr. Morgan is a graduate of the University of Nebraska and Harvard Law School.

Mr. Morgan has been appointed to the Company’s audit committee to replace Paul DeShaw and will serve as chairman of the audit committee.

The Company also announced that, as expected, it received a letter from NYSE Amex LLC notifying the Company that the Chairman of its audit committee, Paul DeShaw, no longer satisfied the independence standards of Rule 10A-3 under the Securities Exchange Act of 1934 due to his recent purchase of a large block of the Company’s common stock. Mr. DeShaw has resigned from the audit committee, but continues to serve as a director and is independent for all other purposes. By letter dated September 20, 2011, NYSE Amex LLC confirmed that the Company had resolved its Rule 10A-3 compliance issue.

About Cycle Country Accessories Corporation:

Cycle Country is the recognized industry leader in the innovation, design, sales, and manufacturing of custom fitting accessories for utility and all-terrain vehicles (UTVs and ATVs), under the brand name of Cycle Country Accessories. Products include snowplows, mowers, 3-point hitches and implements, storage boxes and baskets, bed lifts, brush guards and more.

Cycle Country also produces a line of specialty products for golf cars under the brand name of Plazco.

Under the brand name of Perf-Form, Cycle Country manufactures and distributes a line of high performance oil filters focused on older, legacy engines in the motorcycle, ATV, and watercraft industries.

In addition, the company provides metal fabrication and contract manufacturing services to several large original equipment manufacturers (OEM’s) through its Imdyne division.

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Kandi Technologies Reports Second Quarter 2011 Financial Results

Company Continues to Focus on Building a Solid Foundation for EV Sales in China

JINHUA, CHINA – August 15, 2011 – (Motor Sports Newswire) – Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese supplier of off-road vehicles and developer of pure electric vehicles (EV), today reported improved financial results for the second quarter and six months ended June 30, 2011, highlighted by double-digit growth in operating income and adjusted net income (described below) on modest revenue growth.

Second quarter 2011 financial highlights:

• Revenues increased 2.3%, to $10.1 million, from $9.9 million a year earlier, reflecting continued strong growth in go-kart sales. Sequentially, sales were up 22% compared to the first quarter of 2011
• Operating income increased to $0.8 million, up 18.4% from $0.7 million in the second quarter of 2010
• Net income more than tripled to $3.6 million, or $0.13 per diluted share, compared to net income of $1.2 million, or $0.05 per diluted share in the same period last year. The non-GAAP adjusted net income (described below) grew by 24.6% as compared to the second quarter of 2010
• Working capital surplus of $23.0 million at quarter-end, improved from working capital surplus of $18.5 million at the end of 2010
• Cash, cash equivalents and restricted cash totaled $36.1 million at quarter-end, which equates to $1.26 per fully diluted share, a 43.7% increase from $25.2 million at the end of 2010

“While our primary focus in the second quarter continued to be building a strong base for future EV sales in China, we benefitted from strong sales in our legacy go-kart business, as well as stronger ATV sales through the first six months,” said Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies. “Net income and sales in the period advanced strongly on a sequential basis and, in the case of net income, on a year-over-year basis as well. While unit volume remained low, we also realized higher per unit revenue in our super mini-car business. Our successful financing last year greatly strengthened our balance sheet and cash position, which will permit us to grow our EV business in China as the pace of infrastructure development advances. Over the past few months, we have greatly solidified our positions in Jinhua and Hangzhou, where we made significant progress in strengthening our relationship with State Grid to create the infrastructure needed to foster widespread adoption and use of EVs in China. We continue to believe the anticipated success in these cities will serve as models for many other cities and regions in China. We are committed to our technology and continue to invest in developing the products that will provide efficient, low-cost new energy transportation to the growing Chinese market.”

To support its ongoing development efforts, Kandi continued to invest in research and development to improve existing products and foster new products. During the quarter, the Company invested $0.6 million in research and development, an increase of 43.5% from the second quarter of 2010. Over the first six months, research and development increased 46.1%, to nearly $1.1 million when compared to the comparable period of 2010.

“With respect to EV sales globally, we are taking a long-term view of our markets, establishing the infrastructure needed to meet current and future demand,” said Mr. Hu. “With this in mind, we have invested in our production facilities to increase overall capacity”

Second Quarter 2011 Results

The modest increase in second-quarter revenues reflected significant increases in sales of go-karts, which nearly doubled to $6.2 million. The second quarter gross profit was $2.3 million in 2011, as compared to $2.4 million in the second quarter of 2010, while gross margin decreased to 23.1%, from 23.7% in the prior year, primarily as a result of a shift in product mix during the quarter. The Company’s operating income was $0.8 million in 2011, compared to $0.7 million in the second quarter of 2010. Year-to-date operating income more than doubled to $1.7 million from $0.7 million in the prior year first half.

The Company’s net income totaled $3.6 million for the quarter, or $0.13 per fully diluted share, as compared with net income of $1.2 million, or $0.05 per fully diluted share, for the same period of 2010. Without the convertible notes, warrant and option-related charges, non-GAAP adjusted net income increased 24.6% to $1.3 million, compared to $1.1 million in the same period of 2010. In the first six months of 2011, reported net income including changes in fair value was $9.6 million or $0.33 per diluted share. Excluding these items, non-GAAP adjusted net income was $2.0 million or $0.07 per share on 28.8 million fully diluted shares

Building the Foundation for EV Leadership

As previously reported, in the second quarter of 2011 the Company made significant additional progress in building the foundation for future EV sales. Of note, the Company:

• Received formal provincial government approval of RMB 15 million ($2.3 million U.S.) annual subsidy on the Company’s application for a new energy vehicle pilot program in Jinhua City. Together with the Jinhua city government subsidy, a total of RMB 30 million ($4.6 million U.S.) per year in government subsidies to residents is available for the purchase Kandi clean energy vehicles through 2012
• Hosted a visit from Mr. Liang Nie, general manager of Dayou Technology Development Company, the State Grid subsidiary responsible for the development and operation of battery charging and changing facilities in the city of Hangzhou
• Displayed a variety of EVs at the 13th Zhejiang Investment and Trade Fair and the 10th China International Consumer Goods Fair, which were held in Ningbo
• Signed a strategic cooperation agreement with State Grid affiliate Hangzhou Electric Vehicle Service Co., Ltd., for the launch of a 20,000 pure EV pilot program for Hangzhou residents through the end of 2012

In addition, the Company took steps to strengthen corporate governance and build shareholder value by:

• Improving the quality and independence of the Company’s Board of Directors and improving internal control with the naming of a new independent board member and engaging a “big four” professional firm
• Obtaining Board approval of a $5 million share repurchase program over the following 18 months

Stronger Second Half EV Sales

“Kandi continues its progress toward becoming a leader in the pure EV market in China,” said Mr. Hu. “Given our strategic relationships and investments, we believe Kandi is well positioned to anticipate growing demand for EVs. That said, we recognize that the organic development of markets for these emerging technologies will take time. As a result, we expect sales to grow modestly over the near term.”

About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its IR website is http://www.kanditechnology.com.

Information Regarding Forward-Looking Statements
The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

KANDI TECHNOLOGIES, CORP.
AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND
COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
		Three Months Ended								Six Months Ended
		June 30, 2011				June 30, 2010				June 30, 2011				June 30, 2010
REVENUES, NET		$	10,137,702			$	9,911,884			$	18,479,208			$	18,166,224
COST OF GOODS SOLD			(7,795,987	)			(7,559,235	)			(14,076,060	)			(13,963,654	)
GROSS PROFIT			2,341,715				2,352,649				4,403,148				4,202,570
Research and development			574,588				400,370				1,086,540				743,768
Selling and distribution expenses			92,679				89,685				149,615				942,013
General and administrative expenses			827,529				1,147,061				1,501,396				1,797,872
INCOME (LOSS) FROM OPERATIONS			846,919				715,533				1,665,597				718,917
Interest income (expense), net			275,466				(671,945	)			(21,804	)			(1,442,536	)
Change in fair value of financial instruments			2,367,594				1,213,169				7,752,772				1,775,809
Government grants			273,139				45,950				280,727				75,789
Investment (loss) income			(8,490	)			-				(7,267	)
Other income, net			53,526				10,801				167,232				57,859
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES			3,808,154				1,313,508				9,837,248				1,185,838
INCOME TAX (EXPENSE) BENEFIT			(186,811	)			(124,741	)			(277,505	)			(175,056	)
NET INCOME (LOSS)			3,621,343				1,188,767				9,559,743				1,010,782
ADJUSTED NET INCOME (NON-GAAP)			1,317,286				1,057,242				1,974,364				1,655,193
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC			27,440,878				20,866,109				27,431,851				20,424,671
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED			28,578,592				24,677,264				28,786,145				22,004,992
NET INCOME (LOSS) PER SHARE, BASIC		$	0.13			$	0.06			$	0.35			$	0.05
NET INCOME (LOSS) PER SHARE, DILUTED		$	0.13			$	0.05			$	0.33			$	0.05
ADJUSTED NET INCOME PER SHARE, DILUTED		$	0.05			$	0.04			$	0.07			$	0.08

Contacts:
Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
(212) 551-3610
email: cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
(616) 233-0500
email: mhouston@lambert-edwards.com

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