FLY Racing Introduces New Roost & Chest Protectors

BOISE, ID – January 16, 2012 – (Motor Sports Newswire) – FLY Racing continues to expand its line of protective products with the release of four new body protectors Engineered by Leatt. New models include the Pro Chest Protector, Pro Lite Chest Protector, Adventure Roost Guard, and the Junior Lite Body Vest. All four models are designed for best fit with the Fly Neck Brace by Leatt.

FLY Racing Pro Chest Protector

Features:

• Engineered by Leatt, designed for best fit with Fly Neck Brace by Leatt
• The back meets the highest level CE approval, EN 1621-2 level 2, by using high tech SAS-TeC impact absorbing material
• The front meets CE approval EN 14021
• Removable front and rear plates for best fit with Fly Neck Brace
• Exclusive “Brace On” strap system for neck brace integration
• Close fitting allows for protector to be worn over or under the jersey
• Made of extremely tough HDPE plastic and washable bio-foam
• Liberal venting helps keep rider cool
• Adjusters allow for different length both front and back for personalized fit
• Colors: Black or White
• Price: $168.95

 

FLY Racing Pro Lite Chest Protector

Features:

• Engineered by Leatt, designed for best fit with Fly Neck Brace by Leatt
• The back meets the highest level CE approval, EN 1621-2 level 2, by using high tech SaS-TeC impact absorbing material
• The front meets CE approval EN 14021
• Removable front and rear plates for best fit with Fly Neck Brace
• Exclusive “Brace On” strap system for neck brace integration
• Close fitting allows for protector to be worn over or under the jersey
• Made of extremely tough HDPE plastic and washable bio-foam
• Liberal venting helps keep rider cool
• Adjusters allow for different length both front and back for personalized fit
• Fits riders from approx. 120-240 pounds (54-110kg)
• Colors: Black or White
• Price: $138.95

 

FLY Racing Adventure Roost Guard

Features:

•  Engineered by Leatt, designed for best fit with Fly Neck Brace by Leatt
• The front meets CE approval EN 14021
• Removable front and rear plates for best fit with Fly Neck Brace
• Exclusive “Brace On” strap system for neck brace integration
• Close fitting allows for protector to be worn over or under the jersey
• Chassis made of extremely tough HDPE plastic and washable bio-foam
• Liberal venting helps keep rider cool
• Easy hook & loop adjusters allow for different length both front and back for personalized fit
• Fits riders from approx. 54-85 kg (120-190LBS)
• Colors: Black or White
• Price: $94.95

 

FLY Racing Junior Lite Body Vest

Features:

• Engineered by Leatt, designed for best fit with Fly Neck Brace by Leatt
• Back protector meets CE safety approval EN 1621-2 level 2
• Front of protector meets CE safety approval EN14021
• Uses high-tech SAS-TEC impact absorbing material in the back protector
• Exclusive “Brace-on” strap system for neck brace integration
• Fully articulating back protector plates are comfortable and allow for a great range of motion
• Close fitting allows for protector to be worn over or under the jersey
• Made of extremely tough HDPE plastic and washable bio-foam
• Colors: Black or White
• Price: $108.95

Two Junior Sizes: S/M size fits riders approx. 134-146cm tall (4’4”-4’9”); Chest Circumference 67-72cm (26-28 inches); L-XL size fits riders approx. 147-159cm tall (4’9”-5’1”); Chest Circumference 72-79cm (28-31 inches)

 

Contact Information:
Fly Racing
Distributed exclusively by WPS
www.flyracing.com

About FLY Racing

Established in 1996, FLY Racing began as a manufacturer of motorcycle handlebars and helmets. The brand has quickly developed into one of the fastest growing off road motorcycle riding apparel and hard part brands in the powersports industry. FLY Racing develops high quality products for the competitive and demanding North American market and is distributed in 40+ countries. FLY Racing products are distributed exclusively in the United States by WPS (Western Power Sports).

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FLY Racing Introduces the Valor Neck Brace Engineered by Leatt

BOISE, ID – October 19, 2012 – (Motor Sports Newswire0 – FLY Racing is proud to introduce the all-new second generation Valor Neck Brace engineered by Leatt. The Valor combines state-of-the-art Leatt neck brace technology with FLY Racing’s cutting edge graphic design styling. The result: the next-level Valor neck brace.

New features:

• NEW sculptured, split front for improved comfort and fit
• NEW lower front section provides improved helmet clearance for looking down and to the sides
• NEW one-piece, fracture engineered CoreFlex rear thoracic strut for improved comfort and fit
• NEW on-board, 3-angle rear thoracic strut adjustment that requires no extra parts
• NEW body-matched rear thoracic strut angles: Size S-M 5°, 10° or 15°; size L-X 0°, 5° or 10°.

Other Features and Materials: 

• Four-Way adjustability for great comfort and fit
• Engineered collarbone cutout to help keep your helmet and brace away from one of your most fragile bones.
• Side mounted paramedical designed hinges that opens easy both left and right
• Height adjustable rear table to match different helmet clearance preferences and riding positions
• Redesigned optional clear strap included
• Removable clip-on padding for easy cleaning and maintenance
• Replacement parts and accessories available
• CE certified as personal protective Equipment 89/686/EEC

Colors: Black/White, Red/Black, Blue/Black, and Orange/Black

Sizes: Small/Medium or Large/X-large

Price: $359.95

Available December 2012

Contact Information:
Fly Racing
Distributed exclusively by WPS
601 East Gowen Road
Boise, Idaho 83716
info@flyracing.com
Visit www.flyracing.com to find a dealer near you.

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Leatt® Corporation Sues Atlas Brace for Patent Infringement

CAPE TOWN, SOUTH AFRICA – January 30, 2012 – (Motor Sports Newswire) – Leatt Corporation (OTC: LEAT.PK) (“Leatt” or the “Company”), 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 the Company has sued Atlas Brace Technologies US, LLC (“Atlas”) for infringement on two of the Company’s neck brace patents.

Leatt is the exclusive licensee of certain patents, manufacturing, sale, use and distribution rights held by Xceed Holdings CC (“Xceed”), a South African company owned by Leatt’s founder, Dr. Christopher Leatt, including the patents to the Leatt-Brace®.  On October 21, 2011, the Company sent a letter to Atlas’ subsidiary notifying them that certain models of Atlas’ neck braces infringe on the Company’s patents, demanding that Atlas cease and desist the manufacture, use, offer and sale of such products.  Instead of complying with the Company’s request, on or about December 1, 2011, Atlas brought suit against the Company in the U.S. District Court for the Central District of California seeking a declaration that Atlas does not infringe on the Leatt neck brace patents. On January 18, 2012, the Company filed an Answer and Counterclaim with the Court, denying Atlas’ claims and countersuing Atlas (with Xceed) for patent infringement of the Leatt neck brace patents.  The Company is also seeking injunctive relief, damages for Atlas’ willful infringement of the Leatt neck brace patents, and attorneys’ fees.

Sean Macdonald, the Chief Executive Officer of Leatt Corporation, remarked “we are disturbed by Atlas’ filing of this action in response to our initial letter and by their continued infringement on our patents. We will take all necessary action to vigorously prosecute and enforce Leatt’s intellectual property rights which protect the product internationally.”

About Leatt Corporation: 

Leatt Corporation develops, markets and distributes 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.  Additional information is at http://www.leatt.com.

Safe Harbor

This press release may contain forward-looking statements regarding Leatt Corporation (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, involve known and unknown risks and uncertainties. These statements are based upon the Company’s current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. The Company’s actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control.

Contacts:

Leatt Corporation
Sean Macdonald
Chief Executive Officer
Sean.Macdonald@leatt-brace.com
+ (27) 21 557 8257

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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Leatt Holds 2011 Annual Meeting of Shareholders

Shareholders Approve Reverse Split of Common Stock

CAPE TOWN, SOUTH AFRICA – December 23, 2011 – (Motor Sports Newswire) Leatt Corporation (OTC: LEAT.PK), a global developer, 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, today announced that it held and webcast its 2011 Annual Meeting of Shareholders this morning as scheduled. A quorum of shareholders was present in person or by proxy.

With over 291 million total shares voted at the Meeting, four proposals were approved by an overwhelming majority of the votes cast. The strong affirmation was led by the proposal to affect a reverse split of the Company’s Common Stock at a ratio of between 1-for-5 and 1-for-25, to be determined by the Company’s Board of Directors on or before December 22, 2012. The other resolutions that carried consisted of election of four (4) directors to the Board of Directors, Dr. Christopher Leatt, Sean Macdonald, Zafiris M. Zafiropoulos and Jeffrey J. Guzy; the ratification of Fitzgerald & Co., CPAs, PC, as the Company’s independent registered public accounting firm for the year ending December 31, 2011; and the adoption of the Company’s 2011 Equity Incentive Plan.

About Leatt Corporation: 

Leatt Corporation develops, markets and distributes 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.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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Leatt Announces Distribution Agreement With Whites Powersports for New Zealand Market

CAPE TOWN, SOUTH AFRICA – November 29, 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, today announced the formation of an agreement with Whites Powersports for the distribution of LEATT® products in New Zealand.

Whites Powersports has more than 50 years experience in the New Zealand motorcycle industry and is a well respected distributor of top brands, noted Leatt CEO Sean Macdonald.

Whites Powersports will now distribute the following LEATT® products in New Zealand:

• Bicycle line – DBX
• Off-Road line – GPX
• Street motorcycle line – STX
• Snowmobile line – SNX
• Karting line – KART

“We are very pleased that Whites Powersports will be taking the LEATT® brand to the next level throughout New Zealand,” Macdonald said. “Whites has represented many of the top sports companies in New Zealand and we look forward to working with them as they add Leatt’s range of products to their already esteemed line of top-name brands.”

LEATTNew Zealand, a subsidiary of Leatt Corporation, played a prominent role in the introduction of LEATT into the New Zealand market, Macdonald added.

More information on the LEATT® products and Whites Powersports can be found at www.leatt.com or www.whites.co.nz

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

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Leatt Corporation Announces Audited FY2010 Results

CAPE TOWN, SOUTH AFRICA – March 31, 2011 – (Motor Sports Newswire) – Leatt Corporation, a Nevada corporation (PINKSHEETS: LEAT) (Company), and the developer and distributor of the Leatt-Brace®, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the neck, today announced audited financial results for its fiscal year ended December 31, 2010. The Company posted revenue of $ 14,330,072 and a net annual loss of $ 208,562. These results compare to revenue of $ 13,743,107 and net annual loss of $ 129,569 in fiscal year 2009 ended December 31, 2009. A summary of financial results is set forth below.

“We are encouraged to see that despite making an annual loss, quarter three and quarter four of 2010 showed a net profit. We believe that this indicates that our ongoing efforts to increase revenues are starting to show results and that we are hopefully moving in the right direction,” said Chief Executive Officer Sean Macdonald.

Leatt Corporation: Since 2006, we have produced and sold a line of Neck Brace Systems for adults and children that are designed to help prevent potentially devastating motor sport injuries to the neck among motorcycle, ATV and other motor vehicles worldwide. Our product line is set forth at our sales/product URL: http://www.leatt.com.

A financial summary of the FY2010 results appears below, which summary is qualified in its entirety by reference to the FY2010 financial statements and footnotes thereto posted on http://www.leatt-corp.com. This press release and the summary below are qualified in their entirety by reference to our posted financial statements and footnotes thereto at the aforesaid URL. One should not rely on the following summary as a complete presentation of financial results and condition.

The Summarized Consolidated Statements of Operations for the years ended December 31, 2010 and 2009:

		2010		2009
		Audited		Audited
Revenues		$ 14,330,072		$ 13,743,107
Cost of Revenues		5,606,502		4,622,532
Gross Profit		8,723,570		9,120,575
Operating Expenses		8,901,691		9,225,222
Loss from Operations		(178,121)		(104,647)
Other Income (Expense)		25,674		47,074
Loss Before Income Taxes		(152,447)		(57,573)
Income Taxes		(56,115)		(71,996)
Net Loss Available to Common Shareholders		$ (208,562)		$ (129,569)

NOTICE: This press release may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and the Company’s reaction to those factors; on consumer and business buying decisions with respect to the Company’s products; the ability of the Company to deliver to the marketplace and stimulate customer demand for products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need from time to time to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; product quality control issues; the absence of a strong e-commerce website for products; the continued service and availability of key executives and employees; unfavorable results of legal proceedings, especially personal injury or product liability lawsuits or intellectual property rights lawsuits; and the Company’s dependency on the sales performance of distributors and other resellers of the Company’s products. Increased financial performance in one or more quarters is not necessarily indicative of future financial performance. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public disclosures at http:www.leatt-corp.com. The Company’s common stock quotes on The OTC Markets Group, Inc. and said stock is a “penny stock” under SEC rules. The Company is not an SEC reporting company and its common stock is not extensively or actively traded. As such, any investment in the common stock is highly risky and has limited liquidity. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates, unless applicable laws require otherwise. Neither any URLs referenced herein nor their contents are incorporated herein or made a part of this press release.

SOURCE: Leatt Corporation

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Scorpion Springs Ahead!

Spring 2011 Catalog Release, National Sales
Meeting & Plenty of New Product

LAKE FOREST, CA  – March 4, 2011 – (Motor Sports Newswire) – Don’t forget to set your clocks forward as we “spring ahead” for Daylight Savings Time on March 13th. Of course the crew at Scorpion is way ahead of the game, already releasing the Spring 2011 catalog and a host of new ExoWear apparel! In order to give their network of independent sales reps a heads up before the annual trade shows, the wraps came off the new gear a couple weeks before Indy during Scorpion and Leatt’s joint National Sales Meeting, but we were sworn to secrecy before the Dealer Expo.

Leatt’s GM Phil Davy and Scorpion Sports National Sales Manager Jon Eide co-hosted the joint National Sales Meeting for 50 of the nation’s top independent sales reps back in January. “The information presented here was on a need to know basis, and we couldn’t wait for the trade shows to clue our reps in on what is coming,” explains Eide. Coinciding with the sales meeting was the launch of Scorpion’s Spring 2011 catalog, headed up by the “Superior Species” EXO 500 helmets and trick new togs like the Kingdom jacket for the ladies the Torque jacket for men.

“We just couldn’t wait for the Dealer Expo to show off the new helmets and riding gear featured in the Spring 2011 catalog,” claims Eide. “Instead, we teamed up with Leatt to really do something special for the ISRs (Independent Sales Reps) who have been calling on dealers across the country with samples of the 2011 ExoWear and copies of the catalog for a full four weeks prior to the dealer show.”

The two-day session kicked off with Eide treating the reps to a shot of 5-Hour Energy and then turning the always fiery Phil Davy loose to address the amped-up ISRs. Scorpion President Rick Miller also used the sales meeting to dispel some of the rumors he had been hearing. “There is absolutely no truth to the allegation that Scorpion Sports Inc. has been sold! In fact we just renewed the lease on our Lake Forest facility for another two years… on top of expanding the new Warranty Center in another building,” said Miller. “The new products are in the warehouse and the new catalogs are out now… Scorpion Sports is here to stay!”

The good news is that you don’t need to be an ISR, industry insider or even attend the Dealer Expo to get a look at the latest ExoWear and helmets from Scorpion. Simply visit your local dealer or click onto http://www.scorpionusa.com for a first-hand look at the evolutionary EXO 500 and access to a downloadable version of the Spring 2011 e-catalog.

Get Stung! Check out ScorpionExo™ Helmets and Scorpion Sports, Inc.’s complete ScorpionExoWear™ line at www.scorpionusa.com. Get the latest news from the Scorpion Blog at Scorpion Blog or via Twitter at Follow Scorpion on Twitter

About Scorpion Sports
Scorpion Sports, Inc. (SSI) is the home of the Scorpion brand supplying helmets and technical apparel directly to motorcycle dealerships. SSI imports a full line of unique dirt, snow and street products from their state-of-the-art production facilities. The brand is built on innovation and high quality. All Scorpion street helmets feature the exclusive SpeedShift® quick-change faceshield system, EverClear® no-fog faceshields and come with a washable, removable, moisture-wicking KwikWickII® liner. AIRFIT® is an air adjustable cheek pad system to personalize helmet fit, available on both street and off-road helmets. Another Scorpion innovation found on select models is the built-in SpeedView™ retractable sun visor designed to accommodate varying light conditions quickly without changing faceshields.

ScorpionExo, SpeedShift, EverClear, KwikWick, KwikWickII, ShadeShifter, SpeedView, AIRFIT, RaceCaseII, EXO-TEC, EverHeat, AirVent, ABRADIUM, EXO-Stitch, NightViz, AirGuard and the ScorpionExo logos are trademarks of Scorpion Sports, Inc. ©2011 Scorpion Sports, Inc.

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Leatt Corporation Is Awarded Default Judgment Against Innovative Safety Technology LLC

CAPE TOWN, SOUTH AFRICA – September 13, 2010 – (Motor Sports Newswire) – Leatt Corporation, a Nevada corporation (PINKSHEETS: LEAT) (Company), and the developer of the Leatt-Brace®, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the neck, today announced that they have been awarded a Default Judgment and a damages award of USD $200,000 against Innovative Safety Technology LLC, a California limited liability company, (IST). The Company filed a complaint in the United States District Court for the Southern District of California, U.S.A. (“Court”) against IST and other parties on June 16, 2009, which complaint alleged: misappropriation of trade secrets; unfair competition; and tortious interference and sought enforcement of a foreign arbitration award with regard to the neck brace called the “DefNder.” The Court awarded a money judgment for $200,000 and enjoined IST “from any further misappropriation, use, disclosure, manufacture, importation, marketing, sales, or offers for sale of products containing Leatt’s trade secrets for a period of two years after entry of this default judgment.”

“We are thrilled with the outcome and have once again shown our commitment to protecting our Intellectual Property rights worldwide,” said acting Company Chief Executive Officer Sean Macdonald.

Leatt Corporation: Since 2006, we have produced and sold worldwide a line of Neck Brace Systems for adults and children that are designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck) among motorcycle, ATV and other motor vehicles. Our product line is set forth at our sales/product URL: http://www.leatt-brace.com. This press release is a new product announcement and promotional material.

NOTICE: This press release may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties, and actual results may differ. More information on potential factors and risks that could affect the Company is included from in the Company’s public disclosures at http://www.leatt-corp.com. The Company’s common stock quotes on The Pink OTC Market and said stock is a “penny stock” under SEC rules. As such, any investment in the common stock is highly risky. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates, unless applicable laws require otherwise. Neither any URL’s referenced herein nor their contents are incorporated herein or made a part of this press release.

Investor Relations Contacts:
PW RICHTER
Richmond, Virginia, USA
Tel: (804) 644-2182
Fax: (804) 644-2181
prosage@comcast.net

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