XPEL Reports Continued Growth Of Electronic Downloads
XPEL REPORTS CONTINUED GROWTH OF ELECTRONIC DOWNLOADS
– 58% Increase in Patterns Taken From Database –
– 125,591 Paint, Headlight and Tint Kits Produced –
– Largest Design Access Program Revenue Month in Company History –
SAN ANTONIO, TEXAS, September 27, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today that for the eight months ended August 2006, application downloads from its electronic database of automotive paint, headlight and window tint kits grew by 58% over the same period in 2005. The number of kits produced by XPEL and its dealer base reached 125,591 during this period, exceeding download production for the same period in 2005 by 46,107 kits. Additionally, for the month of August 2006, the Company’s Design Access Program (“DAP”) revenue set a new corporate record for the fourth consecutive month.
W. Rege Brunner, Chairman and CEO, commented, “Our DAP revenue stream is one of four the Company generates, and it is the most exciting one due to its margin-rich nature. As I have previously stated, what makes the XPEL model so dynamic is that we can expand the DAP revenue without necessarily growing related expenses. Up from approximately 30% last year, the DAP now accounts for approximately 50% of our total revenue base, and the changing mix of revenues is a very positive trend.”
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.
Certain statements contained herein, such as “Our DAP revenue stream is one of four the Company generates, and it is the most exciting one due to its margin-rich nature. As I have previously stated, what makes the XPEL model so dynamic is that we can expand the DAP revenue without simultaneously growing related expenses. Up from approximately 30% last year, the DAP now accounts for approximately 50% of our total revenue base, and the changing mix of revenues is a very positive trend.” 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 “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 TSXV 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)