XPEL Announces Advancing Business Metrics For March
XPEL ANNOUNCES ADVANCING BUSINESS METRICS FOR MARCH
– 40.5% DAP Revenue Growth Over Same Period in 2006 –
– 20,547 Paint, Headlight and Tint Patterns Downloaded –
– Nearly 50,000 Design Applications in Electronic Database –
SAN ANTONIO, TEXAS, April 5, 2007…XPEL Technologies Corp. (TSXV: DAP.U) announced today that the overall number of downloads from its electronic library of paint, headlight and window tint protection kits during the month of March, set a record by crossing the 20,000 unit mark for the first time ever, which is an improvement of 44% over the same period in 2006.
Steven J. McAuley, XPEL’s CEO, stated, “The trend continues to be extremely positive for XPEL, as the number of Design Access Program (“DAP”) kits accessed from our database set a monthly record in March of 2007. We continue doing all of the right things, from trimming our expenses, maximizing use of our existing assets, to expanding our market reach with exciting new products and services. Without doubt, our shareholders can expect to see great things from us over the coming quarters.”
XPEL Technologies Corp. is the worldwide leader in the electronic delivery of 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 to better serve customers with “best-in-class” solutions in real-time. XPEL has clear advantages over the competition through its expansive proprietary library of installation-friendly paint and headlight protection and window tint products, coupled with unique web-based remote manufacturing and distribution software, superior installation training curriculum and world class facilities, with established and growing sales channels.
Certain statements contained herein such as: “Without doubt, our shareholders can expect to see great things from us over the coming quarters.” is considered a “forward-looking statement.” These types of statements are based upon the belief of the Company’s management, as well as assumptions made beyond information currently available to the Company’s management. Because “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, price competition, the inability to obtain additional capital, loss of key personnel, unavailability of leased facilities, technological changes, service interruptions, equipment failures, customer attrition, general economic conditions, relationships with vendors, government supervision and regulation, changes in industry practices, and other factors.
The TSXV has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)