XPEL Approaches 10,000 Monthly Product Downloads
XPEL APPROACHES 10,000 MONTHLY PRODUCT DOWNLOADS
– 30.8% Growth Over Same Period in 2004 –
– Largest Revenue Month Since Inception –
SAN ANTONIO, TEXAS, June 9, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced today that monthly product downloads from its database during the month of May reached 9,884 kits for the first time in Company history. The number of kits produced by XPEL and its worldwide dealer base exceeded production levels during May of 2004 by 30.8% or 2,328 kits.
W. Rege Brunner, Chairman and CEO, stated, “In reviewing the data, it reinforces the positive impact our well-planned sales, marketing and consumer awareness activities are having on the number of kits produced from our library of products. Additionally, having surpassed 9,800 kits in May led XPEL to experience its largest revenue month since inception, generating approximately US$291,000. We believe this trend will continue, as we are witnessing a great deal of interest in not only our products, but also the XPEL business opportunity from prospective dealers worldwide.”
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.
Certain statements contained herein “We believe this trend will continue, as we are witnessing a great deal of interest in not only our products, but also the XPEL business opportunity from prospective dealers worldwide.” are considered “forward-looking statements.” These statements are based upon the belief of the Company’s management, as well as assumptions made beyond information currently available to the Company’s management. Because “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, price competition, the inability to obtain additional capital, loss of key personnel, unavailability of leased facilities, technological changes, service interruptions, equipment failures, customer attrition, general economic conditions, relationships with vendors, government supervision and regulation, changes in industry practices, and other factors.
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)