XPEL Reports On Sema Trade Show Success
XPEL REPORTS ON SEMA TRADE SHOW SUCCESS
– 300 New XPEL Product Distribution Leads –
– 5,000 New Car Dealerships in Attendance –
– Widespread Interest in Paint Protection Film –
SAN ANTONIO, TEXAS, November 9, 2006…XPEL Technologies Corp. (TSXV: DAP.U) today updated shareholders on its recently attended Specialty Equipment Market Association (SEMA) trade show in Las Vegas, Nevada during the week of October 31, 2006.
Peter MacGillivray, VP of marketing and communications for California-based SEMA, stated, “We are seeing a change in consumers. Consumers used to only accessorize second or third-hand vehicles. Now we are seeing more and more new car buyers wanting to accessorize at the point of purchase.” MacGillivray added that while five years ago about 1,000 (new car) dealers attended the SEMA show, “this year, we have gotten over 5,000 dealers.” MacGillivray said another phenomenon is the globalization of what used to be a uniquely American cultural phenomenon. He said 20 percent of this year’s show attendees came from over 100 countries other than the U.S.
XPEL’s Vice President of Sales Paul Costas commented, “Without a doubt this was our most successful year to exhibit at SEMA. The quality of the prospects seeking to offer XPEL products was at a much more superior level than we have ever witnessed. Throughout the week, we were able to speak with approximately 300 new leads, which included large car dealership groups, independent business owners, and OEMs, of which many were foreign-based. We believe the business opportunities generated for XPEL from this year’s show will be absolutely exceptional.”
W. Rege Brunner, XPEL’s Chairman and CEO, stated, “The most impactful thing to me this year was the growing buzz surrounding automotive paint protection film. Everyone is talking about it. This was great affirmation that XPEL is so well-positioned to experience significant future growth in this dynamic, yet very youthful industry.”
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.
Certain statements contained herein such as “We believe the business opportunities generated for XPEL from this year’s show will be absolutely exceptional.” and “This was great affirmation that XPEL is so well-positioned to experience significant future growth in this dynamic, yet very youthful industry.” are considered forward-looking statements and 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)