XPEL International Dealer Base Continues High Growth
XPEL INTERNATIONAL DEALER BASE CONTINUES HIGH GROWTH
– Ireland, Italy, Greece, and Hong Kong –
– 11 Additional Markets Under Consideration –
SAN ANTONIO, TEXAS, November 10, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced today the continued growth of its international dealer base, bringing the Company’s market presence to 18 countries. Currently, XPEL has a presence for distributing products outside the U.S. in Australia, Belgium, Canada, France, Greece, Hong Kong, Southern Ireland, Italy, Kuwait, Malaysia, Martinique, Mexico, Saudi Arabia, Singapore, South Korea, Thailand, and the United Kingdom. Currently, product dealer applications and master distributor candidates are pending review by XPEL for 11 additional international markets.
W. Rege Brunner, XPEL’s Chairman and CEO stated, “The international growth we are currently experiencing is an exciting trend, and a great bonus to our already rapidly expanding North American dealer base. The XPEL brand is spreading itself around the globe, creating more awareness for not only our products, but also for the robust XPEL offering of ‘industry-best’ Training, Design, Distribution and Support.” Mr. Brunner further commented, “Our efficient Internet-based model allows XPEL to expand its international reach without substantial capital outlay, translating to quicker market entrance and corresponding penetration, leading to enhanced shareholder value.”
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 (“Our efficient Internet-based model allows XPEL to expand its international reach without substantial capital outlay, translating to quicker market entrance and corresponding penetration, leading to enhanced shareholder value.”) 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 such “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)