XPEL Reports Continued Growth Of Design Access Program Metric
XPEL REPORTS CONTINUED GROWTH OF DESIGN ACCESS PROGRAM METRIC
– Nearly 54% Improvement in Electronic Downloads –
– Over 42% Growth in Design Access Program Revenues –
– Largest DAP Revenue Month in Company History –
SAN ANTONIO, TEXAS, November 20, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today that for the ten month period ending October 31, 2006, application downloads from its electronic database of automotive paint, headlight and window tint kits reached 158,909, growing 53.82% over the same period in 2005. Additionally, during the month of October, the revenues of the Company’s key metric, known as Design Access Program (“DAP”), grew by 42.22% over the same period in 2005, setting a best-ever monthly record.
W. Rege Brunner, Chairman and CEO, commented, “The growth of the DAP revenue stream is an indicator of XPEL’s success in executing on its strategy of becoming the preferred solution for powering the paint protection industry with kit designs, installation training, web-based product delivery, and associated support. DAP revenues are a high margin contributor to the income statement, and our mission is to grow this segment and transition away from XPEL’s other lower margin revenue sources.”
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.
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John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)