Shareholder Vote Affirms XPEL Management
SHAREHOLDER VOTE AFFIRMS XPEL MANAGEMENT
San Antonio, Texas – July 17, 2008 – XPEL Technologies Corp. (TSXV: DAP.U) announced today the results of its 2007 annual general shareholder meeting held on June 30, 2007 in San Antonio, Texas.
Items up for vote by the shareholders included re-election of Directors Murray R. Nye, Maxwell A. Polinsky and W. Rege Brunner, along with the appointment of auditors, DMCT LLP, Chartered Accountants of Toronto. Upon review of corporate activities in 2007 by CEO Nuno Ferreira, and presentment of the annual financials by CFO J. Christopher Cuevas, the vote was tallied and the meeting adjourned. Of the shares voted, 100% were cast in favor of all items.
W. Rege Brunner, Chairman, stated, “We sincerely appreciate the support and confidence that the XPEL shareholders demonstrated by the votes cast at the shareholder’s meeting last week. Shareholder support plays a very important and significant part in our ability to function as a public company. With a fresh management team in place, we are resolved to grow revenues and aggressively contain costs. These resolutions, along with your continued support will be key factors in putting us back to the net-cash profitability trends we saw in Q2 and Q3 of 2007, yet on a more sustained basis.”
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.
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