Leatt Corporation, Inc. (LEAT)

[pungushe]

From website: PRESS RELEASE FOR IMMEDIATE RELEASE

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-BraceTM 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. Leatt, the designer of the Leatt-BraceTM 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™, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport njuries 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.

Investor Relations. Please contact:
Paul W. Richter, [phone], [e-mail].