LEO Motors Inc Enters into Sales Contract with M&M in Korea

LAS VEGAS--Leo Motors, Inc (OTC:LEOM) has entered into a sales agreement with M&M Corp to act as Leo’s sales agent for the Republic of Korea. Leo, which is engaged in the development, manufacture and marketing of electric vehicles (EV’s and EV components) now seeks to begin large scale consumer sale of its electric scooters in its home market of Korea through M&M.

“We are very excited to have a distribution partner with such a great reputation and history that M&M has in Korea”

M&M, (www.mmcorp.com) is publicly traded on KOSDAQ, a division of the Korea Exchange (KRX). M&M currently distributes mainly GM products and trucks and is now adding the sales of Leo’s Electric Scooters to its business portfolio. M&M has purchased 140 units on its initial order from Leo paying about $350,000.

“We are very excited to have a distribution partner with such a great reputation and history that M&M has in Korea,” Leo Motors president Robert Kang said in a statement. “This agreement is an important step towards our goal of growing the Leo brand, both here in Korea and worldwide.”

About Leo Motors

Leo Motors is in the business of developing, manufacturing and marketing EV’s and EV components. Leo Motors has developed electric power for the electrification of many vehicles including motorcycles, full speed highway buses and sedans in addition to the scooters. Leo Motors is developing an on board generator using refuel able zinc air fuel cells.

Forward-Looking Statement

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.