XPEL Completes Private Placement
XPEL COMPLETES PRIVATE PLACEMENT
SAN ANTONIO, TEXAS, March 6, 2007…XPEL Technologies Corp. (TSXV: DAP.U) announced that it has completed partially brokered private placements totaling US$917,750 comprising US$750,000 at a price of US$1.50 per Unit and US$167,750 at a price of US$1.60 per Unit following TSX Venture Exchange acceptance. Each Unit consists of one common share of the Company and one warrant. Each warrant entitles the holder to purchase an additional common share of the Company for two years until March 2, 2009 at a price of US$2.25 per share. Commissions or finders fees totaling US$71,650 and 19,200 broker’s units were paid in connection with the private placements. Each broker’s unit consists of one common share of the Company and one broker’s warrant. Each broker’s warrant entitles the holder to purchase an additional common share of the Company for two years until March 2, 2009 at a price of US$2.25 per share. The proceeds from the financing are intended to be used for general and administrative expenses, working capital and capital investment. A four month hold period will require that any securities issued pursuant to this offering may not be transferred prior to July 3, 2007.
XPEL Technologies Corp. (www.xpel.com) 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 for better serving 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 distribution channels.
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Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)