Shareholder Vote Affirms XPEL Management

Published 

SHAREHOLDER VOTE AFFIRMS XPEL MANAGEMENT

– Directors Approved –
– Auditing Firm Appointed –

SAN ANTONIO, TEXAS, July 6, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today the results of its 2005 annual general shareholder meeting held on June 30, 2006 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, and amendment to the articles and restatement of the general by-laws of the Corporation. Upon review of corporate activities in 2005 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 shares voted, 100% were cast in favor of all items.

W. Rege Brunner, Chairman and CEO, stated, “Naturally, we are pleased for the continued support and confidence delivered to XPEL Management by the shareholder vote. In 2005, we made great strides in all areas of our business, and we believe our well-planned activities have set the stage for another exceptional year in 2006.”

XPEL Technologies Corp. (www.xpel.com) 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 TSXV 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
jnesb[email protected]