XPEL Announces TSX Venture Exchange Final Approval Of Shares For Debt Agreement
XPEL ANNOUNCES TSX VENTURE EXCHANGE FINAL
APPROVAL OF SHARES FOR DEBT AGREEMENT
SAN ANTONIO, TEXAS, January 14, 2011…XPEL Technologies Corp. (the “Company”) is pleased to announce that the TSX Venture Exchange has given Final Approval of an agreement to exchange US$16,000 in outstanding liabilities with one debt holder for 64,000 common shares in the Company at a price of US$0.25 per share.
Following the issuance, the Company will have 25,784,950 common shares outstanding.
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.
XPEL Technologies Corp. (TSX VENTURE:DAP.U)
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)