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XPEL Introduces Repair And Replacement Road Hazard Warranty Program
Published On 10/12/2005
XPEL INTRODUCES REPAIR AND REPLACEMENT ROAD HAZARD WARRANTY PROGRAM
- Industry-First for Paint and Headlight Protection Products - - Significant Profit Opportunity for New Car Dealerships -SAN ANTONIO, TEXAS, October 12, 2005...XPEL Technologies Corp. (CNQ: XPEL.U) today announced the introduction of an industry-first "Repair and Replacement" Road Hazard Warranty Program covering XPEL automotive Paint and Headlight Protection products. Unmatched by any competitor, this powerful new program is truly an exceptional profit opportunity for any new car store. The XPEL Road Hazard Warranty Program can increase a dealership's profits on each unit, not only through the offering of the finest Paint and Headlight Protection Products available, but also the resale of the XPEL Road Hazard Warranty. Consumers not only receive real peace of mind, but also a valuable product for maintaining their vehicle's value and appearance...a remarkable "win-win" for both the dealership and the new car customer. W. Rege Brunner, XPEL's Chairman and CEO, stated, "This may indeed be the most significant product offering XPEL has ever launched. Not only from the standpoint of potentially generating substantially increased revenues for the Company, but also giving XPEL Product Dealers a powerful competitive edge for selling into new car stores. Arming our dealers with this 'paper' product gives them the ability to better speak the language of the finance and insurance ("F&I") departments at car dealerships. The offering of road hazard warranties through F&I has become more commonplace, and is a highly desirable selling activity by F&I managers for driving a dealership's profits." To learn more about this exciting new XPEL warranty offering, please call toll free (800) 447-9928. 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 ("This may indeed be the most significant product offering XPEL has ever launched. Not only from the standpoint of potentially generating substantially increased revenues for the Company, but also giving XPEL Product Dealers a powerful competitive edge for selling into new car stores.") 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.
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