XPEL Reports Continued Growth Of Key Business Metric
XPEL REPORTS CONTINUED GROWTH OF KEY BUSINESS METRIC
– 63.5% Increase in Electronic Pattern Downloads –
– Nearly 932% Improvement In Window Tint Downloads –
– Largest DAP Revenue Month in Company History –
SAN ANTONIO, TEXAS, August 23, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today that for the month of July 2006, application downloads from its electronic database of automotive paint, headlight and window tint kits grew by 63.5% over the same period in 2005. XPEL window tint pattern downloads alone accounted for an improvement of 931.81% during this same period. Additionally, the Company’s key metric, known as Design Access Program (“DAP”) revenues, grew by 38.59% over the same period in 2005, setting a best-ever monthly corporate record.
W. Rege Brunner, Chairman and CEO, commented, “July marks the third consecutive month for record-setting DAP revenues. As I have previously stated, the DAP is an important metric for XPEL. Everything we do focuses on growing the DAP revenue stream, as it is the most profitable segment of our business. Seeing this continual growth indicates increasing market awareness for our products, and improving sales penetration through our independent dealers, and these are exciting things to report.”
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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Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)