XPEL Announces Private Placement Financing

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XPEL ANNOUNCES PRIVATE PLACEMENT FINANCING

San Antonio, Texas – June 27, 2008 – XPEL Technologies Corp. (TSXV: DAP.U) announced plans to offer a partially brokered private placement totaling US$500,000 at a price of US$.50 per Unit. Each Unit consists of one common share of the Company and one warrant. Each warrant entitles the holder to purchase an additional common share of the Company for one year after the date of issuance at a price of US$.75 per share. A special call provision will be attached to each warrant whereby if the Common Stock trades above US$1.00 for a sustained period, the Company may accelerate the warrant period. The Company may pay commissions or finders fees in connection with the private placement. The primary intended use of proceeds from the financing will be to facilitate growing inventory requirements associated with XPEL Protection Film, as well as administrative expenses, and general working capital needs. The completion of the financing are subject to TSX Venture Exchange acceptance. The securities comprising the offering will be subject to a four month hold period following the date of issuance.

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 headlamp protection and window tint products, coupled with a unique web-based remote manufacturing and distribution software, superior installation training curriculum and world-class facilities, with established and growing sales channels.

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
[email protected]