XPEL Signs Agreement With Cartel Trading
XPEL SIGNS AGREEMENT WITH CARTEL TRADING
– Dealers in Russia, Latvia and Ukraine –
– Servicing Over 1,500 Vehicles Per Month –
SAN ANTONIO, TEXAS, June 13, 2006…XPEL Technologies Corp. (TSXV: DAP.U) today announced the signing of an Agency Agreement with Cartel Trading, which also distributes automotive window tint film in California, Hawaii, Oregon and Washington, under the name SunTek West. Cartel Trading currently services a growing network of dealers in Russia, Latvia, and the Ukraine with window tint products.
Alexander Sardarian, Director of Cartel Trading, stated, “This is a large region with an expanding economy. At every turn, this market has exceeded our expectations. We have currently reached our daily window tinting capacity, and we are now beginning to concentrate on a Paint Protection Film application. In the very near future, we are planning for 7 retail stores to be fully enabled with XPEL’s Design Access Program (“DAP”) software. After our main trade show takes place in September, we believe the number of stores with DAP capability will increase significantly.” Mr. Sardarian further added, “From our market research, XPEL is undoubtedly the most advanced and most complete end-to-end solution for offering paint protection products. Their comprehensive training and precise computer-cut designs are leading the industry. We believe working with XPEL give us a competitive edge to more quickly accelerate Cartel Trading’s ability to penetrate and capture market share.”
W. Rege Brunner, XPEL’s Chairman and CEO, commented, “This is a perfect example of how quick and seamless the XPEL model can respond to a market opportunity. Through use of the Internet, we integrate our design, manufacturing, distribution and customer relationship strategies, which enables us a cost-effective offering into remote markets, that would typically be out of reach for a company of our size in terms of initial investment costs and associated start-up risks.”
XPEL Technologies Corp. (www.xpel.com), publicly traded on the TSXV Exchange, 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.
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