Early Warning Report In Accordance With National Instrument 62-103
EARLY WARNING REPORT IN ACCORDANCE WITH NATIONAL INSTRUMENT 62-103
SAN ANTONIO…XPEL Technologies Corp. (“Company”) announced that Mr. Richard Crumly, of San Antonio, Texas, on June 18th, has directly acquired 2,940,906 Common Shares (“Share”) of the Company at a price of US$.05 per Share in a private transaction with another shareholder.
After the acquisition, Mr. Crumly, with entities he owns or controls, directly controls 3,328,906 Shares or 12.94% of the issued and outstanding Shares (non-diluted). Mr. Crumly may, depending on market and other conditions, increase his control or beneficial ownership, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position over the common shares of the Company, through market transactions, private agreements or otherwise.
A copy of the Early Warning Report may be found on www.sedar.com.
About XPEL Technologies Corp:
With distribution channels in Europe, Asia, Middle East and Australia, XPEL Technologies Corp. is the worldwide leading supplier of automotive survival products. XPEL manufactures and provides automotive paint and headlamp protection products and tools and is the developer of the Design Access Program software. XPEL sells its products directly to consumers and installer partners, providing them everything they need to develop a thriving paint protection business. In addition to its expansive line of products, the Company offers installation training and marketing support, making it the premier source for dealers and installers of paint protection products. XPEL is publicly traded on the TSX Venture Exchange. Additional information can be found on the Company’s website at www.xpel.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)