XPEL Settles Lawsuit As Plaintiff
XPEL SETTLES LAWSUIT AS PLAINTIFF
San Antonio, Texas – November 14, 2008 – XPEL Technologies Corp. (TSXV: DAP.U) announced today the signing of a settlement agreement with American Filter Films, and other defendants, regarding legal action initiated by the Company earlier in the year.
XPEL CEO Nuno Ferreira commented, “The various legal actions brought against the defendants have been settled in a manner acceptable to the company.”
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 a unique web-based remote manufacturing and distribution software, superior installation training curriculum and world-class facilities, with established and growing sales channels.
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)