XPEL, Inc. Retains U.S.-Based Auditor Baker Tilly

San Antonio, TX – October 17, 2018 –  XPEL, Inc. (TSXV: DAP.U), (“XPEL” or “the Company”) a leading supplier of automotive paint protection and window film, has announced the appointment of Baker Tilly Virchow Krause LLP (“Baker Tilly”) as its auditor, replacing RSM Canada LLP.  

Baker Tilly is a nationally recognized, full-service accounting and advisory firm headquartered in Chicago with approximately 2,800 employees across the United States. Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country and is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. 

The Company’s Board of Directors and its Audit Committee approved the appointment of Baker Tilly.  RSM Canada LLP indicated there were no reservations or modified opinions on any of the Company’s financial statements since RSM Canada LLP was appointed auditor of the Company.

Barry Wood, Chief Financial Officer commented, “Given that our headquarters and a substantial part of our operations are based in the U.S. and the fact that the majority of our shareholders reside in the U.S., it makes sense for us to align with a quality U.S.-based auditor.  We are excited to be working with a nationally recognized firm like Baker Tilly.   I would like to thank RSM Canada LLP for their service to XPEL over the years.”

About XPEL, Inc. 

XPEL leads the industry in designing, manufacturing and distributing high-performance automotive paint and headlamp protection film technologies. Using XPEL’s proprietary software and materials, our professional design team develops products that deliver the ultimate in vehicle protection, meeting the demands of a broad range of makes and models. With more than 70,000 vehicle-specific applications and a global network of trained installers, XPEL is dedicated to exceeding customer expectations in providing high-quality products, customer service and technical support. XPEL, Inc. (TSXV: DAP.U) is publicly traded on the TSXV Exchange. Visit www.xpel.com for more information. 

For more information, contact:  

Investor Relations:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

Phone: (203) 972-9200

Email: [email protected]