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SEC ends investigation with a recommendation of no action |
July 13, 2010
Cape Town, South Africa: Leatt Corporation (Company) (Pink OTC Market: LEAT.PK), a Nevada, USA corporation headquartered in Cape Town, South Africa and the distributor of the Leatt-Brace®, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that the Securities and Exchange Commission or "SEC" advised the Company on June 28, 2010, that it has concluded its investigation of the Company and has recommended no enforcement action against the Company. This ends the SEC's investigation of the company in connection with a March 2007 temporary trading halt of trading in the stock of 35 companies, including that of Leatt Corporation.
"We are pleased that this matter is closed. The company was not involved in any improper promotion of our stock by others," said Company Chief Executive Officer Sean Macdonald.
About Leatt Corporation:
Leatt Corporation is the exclusive global distributor of the Leatt-Brace®, a Neck Brace designed to help prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The company's operations and research and development of the core products currently take place at Leatt Corporation's offices in Cape Town, South Africa.
Safe Harbor Statement:
Any "forward-looking statements" herein are governed by and protected by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, and do not necessarily indicate future performance or prospects of the Company or its subsidiaries.
Investor Relations Contact:
PW Richter - IR Agent
Tel: 804 644 2182
Fax: 804 644 2181
Email: prosage@comcast.net |
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P.W. RICHTER, PLC
3901 Dominion Townes Circle
Richmond, VA 23223
(804) 644-2182
prosage@comcast.net |
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| Leatt Corporation releases the award winning new Leatt-Brace® DBX in the US market view |
| RELEASED: 16 August 2010 |
| Leatt Corporation announces unaudited second quarter FY2010 results view |
| RELEASED: 13 August 2010 |
| SEC ends investigation with a recommendation of no action view |
| RELEASED: 13 July 2010 |
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Shareholder communication procedure:
The Board of Directors has established a procedure that enables stockholders to communicate in writing with members of the Board. Any such communication should be addressed to Paul Richter at 3901 Dominion Townes Circle, Richmond, VA 23223, Fax: (804) 644-2181; email: prosage@comcast.net. Any such communication must state, in a conspicuous manner, that it is intended for distribution to the entire Board of Directors. Under the procedures established by the Board, upon the Chairman of the Board's receipt of such communication, the Company's Secretary will send a copy of such communication to each member of the Board, identifying it as a communication received from a shareholder. Absent unusual circumstances, at the next regularly scheduled meeting of the Board held more than two days after such communication has been distributed, the Board will consider the substance of any such communication. |
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