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XPEL Establishes Relationship With Reynolds And Reynolds
Published On 10/31/2006
XPEL ESTABLISHES RELATIONSHIP WITH REYNOLDS AND REYNOLDS
- Increased Penetration for XPEL Products in New Car Dealerships - - First in Automotive Paint Protection Film Industry - - Improved Dealership Profits and CSI Scores -SAN ANTONIO, TEXAS, October 31, 2006...XPEL Technologies Corp. (TSXV: DAP.U) announced today a newly established relationship with The Reynolds and Reynolds Company, whereby XPEL's Road Hazard Warranty forms have been formatted within Reynolds and Reynolds' Dealer Management System, the REYNOLDSYSTEM, for use by Finance and Insurance Departments ("F&I") of new car dealerships. The REYNOLDSYSTEM is used by 10,000 dealerships throughout the U.S. and Canada. Mark Groves, XPEL's Vice President of Business Development, stated, "The opportunity for XPEL to partner with Reynolds and Reynolds greatly improves the sales process efficiencies for dealerships that offer XPEL's Paint and Headlamp Protection products to their customers. The formatting of XPEL forms in the REYNOLDSYSTEM allows participating dealerships to automate the process of entering the dealership, vehicle, and customer information on preprinted forms. This increases sales opportunities for XPEL and our dealerships as well as saving time for the consumer, thus enhancing dealership CSI." "We welcome the addition of the XPEL Road Hazard Warranty Form to our document library. With the addition, Reynolds further enhances our forms library to meet our dealers' needs," said Chris Morris, senior director of Reynolds F&I Solutions. XPEL Technologies Corp. (www.xpel.com) 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 TSXV has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
Company Contact: Ryan Pape Chief Executive Officer 210-678-3700
Investor Relations: John Nesbett/Jennifer Belodeau Institutional Marketing Services (IMS) (203) 972-9200 email@example.com