CAPE TOWN, SOUTH AFRICA -- 03/03/08 --
Leatt Corporation (PINKSHEETS: LEAT), a Nevada, USA Corporation headquartered in Cape Town, South Africa,
and the developer of the Leatt-Brace(TM), a Neck Brace System designed to
help prevent potentially devastating motor sport injuries to the cervical
spine (neck).
Following a hearing in the English High Court, Leatt and FRO Systems have
reached a confidential settlement of their dispute over the alleged
infringement by FRO of Leatt's design rights in the Leatt-Brace for use by
motorcyclists. Under the terms of the settlement, FRO has stopped selling
its Neck Protect product and will pay an undisclosed sum to Leatt.
Dr. Chris Leatt, the designer of the Leatt-Brace and Chief Executive
Officer of Leatt Corporation, said that he was very pleased by the outcome,
"Leatt have spent millions of dollars researching and developing the design
and functionality of our novel neck brace. We shall not hesitate to take
all necessary action to enforce our intellectual property rights which
protect the product internationally." Both parties are pleased to have
resolved this matter amicably.
About The Leatt Corporation: The 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 is located in Cape Town, South Africa.
For more information on the Leatt-Brace(TM), 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.
Investor Relations
Please contact:
Paul W. Richter
(804) 644-2182
prosage@comcast.net
