Industry Veterans in Sales Management and Product Design
CAPE TOWN, South Africa, April 3, 2014 – Leatt Corporation (OTCQB: LEAT), a developer and marketer of protective equipment and ancillary products for all forms of sports, especially extreme high-velocity sports, including the award winning Leatt-Brace®, announced today that Todd Repsher and Scott Macfarlane have joined the company as US National Sales Manager and Product Designer and Developer, respectively, and that Phil Davy has been promoted to International Sales Manager.
CEO Sean Macdonald commented, “We are pleased to have Todd and Scott on our team. As we continue to expand our product line and grow our geographical reach, Todd and Scott will be key players in continuing our transition from a company with one well-known product to a company with multiple product lines for many extreme sports. Todd and Scott are industry veterans in the power sports and high-velocity sports field. Todd has over 15 years’ experience in sales management with brands such as Scott Sports and Fox Racing, and has a strong track record of consistent performance in the sales arena, with numerous awards for exceeding quarterly and annual sales goals. Scott has over 15 years’ experience in the technical apparel field, working with brands such as Teknic and Coldwave, and he has compiled an impressive portfolio of award-winning product designs.”
Mr. Macdonald went on to say, “The addition of Todd to our team will allow Phil, who previously fulfilled the role of US National Sales Manager, to shift his focus to our international marketing and key account relationships, which is a critical component of our growth strategy.”
The Company said that Todd Repsher will be based in California and that his first order of business will be building a stronger bicycle distribution network in the US and accelerating the growth of the company’s power sports dealer network and external sales force, which the Company expects to have positive impact on US revenues. Todd’s previous sales management roles included the establishment and management of key accounts and a strong sales force in important geographical areas, as well as the execution of national sales plans and programs for sales representatives and dealers. Todd earned a Bachelor of Arts in Economics from Sacramento State University in Sacramento, CA.
Scott Macfarlane will be based in England and will support the Company’s Cape Town research and development team using his extensive background in technical apparel and soft goods. Scott has broad experience in Motorcycle and Snowmobile Clothing design and development, and his products include race suits, jackets, jeans, gloves and boots. Scott, who is a motorcycle racer, tests and wears his own products, and has received awards and recognition for his work.
About Leatt Corporation
Leatt Corporation develops and sells protective equipment and ancillary products for all forms of sports, especially extreme high-velocity sports. The Leatt-Brace® is an award-winning neck brace system considered to be the gold standard in neck protection for anyone wearing a crash helmet as a form of protection. The latest generation of the Leatt-Brace, the Five.Five neck brace, is also designed for participants in high-velocity sports such as motorcycling, bicycling, mountain bicycling, driving all-terrain vehicles, snowmobiles and other vehicles, and have potential applications in any downhill or freestyle high-velocity sports. For more information, visit: www.leatt-corp.com | www.leatt.com
This press release may contain forward-looking statements regarding Leatt Corporation (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the financial outlook of the Company; the impact of the new hires on the ability of the Company to transition from a company with one well-known product to a company with multiple product lines for many extreme sports; the general ability of the Company to achieve its commercial objectives, including its ability to expand its power-sports dealer network such that it will have a positive impact on US revenues; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company’s current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company’s actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company’s common stock as a “penny stock” and those listed in other reports posted on The OTC Markets Group, Inc.
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