Health & Fitness
Health and Fitness
Health and Fitness
Fri, August 14, 2009
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Wed, August 12, 2009 Leatt Corporation: Leatt Corporation Common Stock Commences Quotation on The Pink Sheets
ARLINGTON, VA--(Marketwire - August 12, 2009) - Leatt Corporation, a Nevada corporation (
Christopher Leatt, the Company's Chief Executive Officer, said, "We are pleased to attain quotation for the Common Stock on The Pink Sheets and we are also are very pleased to have an established and prestigious firm, Ladenburg Thalmann & Co., Inc., acting as our market maker. The quotation of our Common Stock is an important step in our efforts to make the Company a full-fledged public company. While we have several additional steps to achieve to reach that goal, we believe that this step will increase the liquidity of our Common Stock in the marketplace."
About Leatt Corporation:
Leatt Corporation designs and markets personal protective equipment for all forms of motor sports, based on the Leatt-Brace® system, a patented neck protection system for all helmeted sports. Leatt currently designs and markets the patented Moto-GPX Brace, for use by riders of motorcycles, ATVs, and other sports vehicles requiring the torso to remain unrestrained, and the patented Moto-R Brace, for use by drivers of motor vehicles and racing cars in general, where the torso is required to be restrained. Through its product development group located in Cape Town, South Africa, the Company is also developing other personal protective equipment and products and expects to obtain other patents for these future products. Its products are sold to customers worldwide through a global network of distributors and retailers. For more information on the Leatt-Brace®, please visit the Company website at [ www.leatt-brace.com ].
About Ladenburg
Ladenburg Thalmann Financial Services, included in the Russell 2000® and Russell 3000® indices, is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc. and Triad Advisors, Inc. Founded in 1876 and a New York Stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm providing services principally for middle market and emerging growth companies and high net worth individuals. Investacorp, Inc., a leading independent broker-dealer headquartered in Miami Lakes, Florida, has been serving the independent registered representative community since 1978 and has approximately 500 independent financial advisors nationwide. Founded in 1998, Triad Advisors, Inc. is a leading independent broker-dealer and registered investment advisor headquartered in Norcross, Georgia that offers a broad menu of products, services and total wealth management solutions to approximately 400 independent financial advisors nationwide. Ladenburg Thalmann Financial Services is based in Miami, Florida. Ladenburg Thalmann & Co. is based in New York City, with regional offices in Miami and Boca Raton, Florida; Melville, New York; Lincolnshire, Illinois; Los Angeles, California; and Princeton, New Jersey. For more information, please visit [ www.ladenburg.com ].
Safe Harbor Statement
This press release may contain forward-looking statements covered by the Private Securities Litigation Reform Act of 1995 (15 U.S.C. §78j), relating to the business of Leatt Corporation, and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the significance of the quotation of the Company's Common Stock on the Pink Sheets and its impact on the liquidity or appreciation in value of the Company's Common Stock; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. 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 under the control of the Company, including, without limitation, the current economic climate, market acceptance of our products, which we regard as novel, the start-up nature of our business, the uncertainty of duplicating in future periods the results achieved in our first full years of sales, the risks of regulatory scrutiny and investigations, 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 reserves of the Company and the possible, 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.
