XPEL Aligns With Prime Nascar Vendor
XPEL ALIGNS WITH PRIME NASCAR VENDOR
SAN ANTONIO, TEXAS, August 30, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced today its newly established relationship with North Carolina-based Supplies for Racing & Industry, Inc. (“SRI”), a prime vendor to a majority of the NASCAR Nextel Cup race teams, whose sister company, Stock Car Steel & Aluminum Inc., provides 95% of NASCAR teams’ metal requirements.
A former customer turned employee, SRI’s sales manager, John Anthony, stated, “Our President, Greg Fornelli, is always looking for ways to improve and expand the business, and one of his initiatives was to offer computer-cut paint protection kits for installation on race cars. With help from the 3M Company, we were fortunate to be introduced to XPEL, where we believe a great relationship and alliance has been formed. The professional staff at XPEL has trained and consulted us, and even designed specific kits for NASCAR.” Mr. Anthony further commented, “During the first two weeks of August alone, SRI sold XPEL paint kits to several major NASCAR teams with incredible customer enthusiasm. We credit this early success to not only our strong relationships with these teams, but also the quality of the products designed by XPEL. We couldn’t be more excited about our relationship with XPEL and what it means to our future success in NASCAR.”
W. Rege Brunner, XPEL’s Chairman and CEO, commented, “We too are excited about the relationship with SRI, and most impressed with their professionalism and diligence. We look forward to supporting SRI and their customers with the absolute best-designed paint protection products available in the marketplace.”
XPEL Technologies Corp. (www.xpel.com), publicly traded on the Canadian Trading and Quotation System 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.
The CNQ 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)