SHAREHOLDER VOTE AFFIRMS XPEL MANAGEMENT

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SHAREHOLDER VOTE AFFIRMS XPEL MANAGEMENT

– Directors Approved –
– Auditing Firm Appointed –

SAN ANTONIO, TEXAS, July 5, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced today the results of its first annual general shareholder meeting held on June 30, 2005 in San Antonio, Texas.

Items up for vote by the shareholders included re-election of Directors Murray R. Nye, Maxwell A. Polinsky, W. Rege Brunner, and Craig K. Clement, along with the appointment of auditors, DMCT LLP, Chartered Accountants of Toronto. Upon review of corporate activities in 2004 by CEO W. Rege Brunner, and presentment of the annual financials by CFO J. Christopher Cuevas, the vote was tallied and the meeting adjourned. Of the 15,000,383 shares voted, representing all of the submitted proxies, 100% were cast in favor of both items.

W. Rege Brunner, Chairman and CEO, stated, “We are grateful for the votes of support and confidence delivered to XPEL Management by the shareholders. As we continue making great strides in all areas of our business, we believe building on the strong foundation established in 2004, will undoubtedly make for an exciting 2005.”

XPEL Technologies Corp. (www.xpel.com), publicly traded on the Canadian Trading and Quotation System Exchange, is the worldwide leader in the electronic delivery of top automotive aftermarket products, utilizing the Internet as an integral component for its design, manufacturing, distribution and customer relationship strategies. The Company’s DAP software utility offers Dealers the industry’s most efficient and productive tool set for better serving customers with “best of breed” solutions in real-time. XPEL has clear advantages over the competition through its proprietary corporate framework consisting of an expansive library of installation-friendly window tint, paint and headlight protection products, coupled with a unique web-based remote manufacturing and distribution software, superior installation training curriculum and facilities, and established and growing sales distribution channels.

The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.

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Company Contact:

Ryan Pape
Chief Executive Officer
210-678-3700

Investor Relations:

John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
(203) 972-9200
[email protected]