XPEL TECHNOLOGIES CORP. SECURES APPROVAL FROM SECURITIES REGULATORS
XPEL TECHNOLOGIES CORP. SECURES
APPROVAL FROM SECURITIES REGULATORS
– Completes Special Warrant Financing –
– Increased Visibility for Canadian X-PelTM Product Dealers –
– Seeks Stock Exchange Listing –
SAN ANTONIO, TEXAS, October 18, 2004…Nevada-based XPEL Technologies Corp. (“XPEL”) announced today final clearance of its prospectus filings by Canadian Securities Regulators in the provinces of British Columbia, Alberta, Manitoba and Ontario, paving the way for the Company to list its equity securities on a Canadian stock exchange.
In addition to the regulator’s approval, XPEL has successfully completed a Special Warrant Financing in the amount of US$436,500. A component to the Financing includes an additional 1,455,000 Common Share Purchase Warrants, which if exercised, will result in an additional US$582,000 in working capital for use by the Company. Public filings made by XPEL may be currently viewed on SEDAR (www.sedar.com).
W. R. Brunner, XPEL’s Chairman and CEO, commented, “These are exciting times for XPEL and its shareholders, as we have been cleared to pursue a stock exchange listing by the Canadian regulatory authorities. We believe that being a listed entity delivers increased visibility and credibility to our X-PelTM product dealers located not only in Canada, but also in Europe, Mexico, and the U.S.” Mr. Brunner further added, “Our products are currently being met with ever-increasing consumer interest, so naturally, we are anxious to begin building value for the shareholders by trading our common shares.”
XPEL Technologies Corp. (www.xpel.com) is the worldwide leader in the electronic delivery of top automotive aftermarket products, utilizing the Web as an integral component of 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” products. 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 manufacturing and distribution software utility, superior installation training curriculum and facilities, and established and growing sales distribution channels.
Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)