Leatt Corporation Releases Financial Statements for FY2006 and Q1 FY2007
Summary
Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Companys expectations, forecasts and assumptions.### Cape Town, South Africa, August 03, 2007 --( PR.com )-- Leatt Corporation (Gray Market: LEAT.), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the developer 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 its audited financial statements for the fiscal year ending December 31, 2006 (FY2006) and un-audited financial statements for quarter one of the fiscal quarter ending March 31, 2007 (“Q1 FY2007”) have been posted on the company’s web-site: http://www.leatt-brace.com/ir_corporate-finreports.aspDr.Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Companys 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 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.