XPEL Reports Record-breaking Quarter For Product Downloads
XPEL REPORTS RECORD-BREAKING QUARTER FOR PRODUCT DOWNLOADS
– 51.48% Growth in Paint and Headlight Kits –
– Nearly 517% Growth in Window Tint Products –
– 47% Improvement in New Dealer Activations –
SAN ANTONIO, TEXAS, April 12, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today that monthly product downloads from its database of paint and headlight protection kits during the first quarter of 2006 grew by 51.48% over the same period in 2005, reaching a total of 29,671 kits produced by the Company’s worldwide dealer base. Additionally, XPEL window tint product downloads for the first three months of 2006 increased 516.81% over the first quarter of 2005, reaching a total of 6,273 kits.
W. Rege Brunner, Chairman and CEO, stated, “In reviewing the data, XPEL’s previously initiated growth strategies are being affirmed. The growing number of product patterns taken from our electronic database is evidence of some very exciting trends, primarily increasing brand awareness and corresponding market penetration.” Mr. Brunner further added, “XPEL’s Design Access Program offering is a big draw to those interested in becoming product dealers, and the fact that we activated 50 new dealers this past quarter proves this out. We believe these growth trends will continue, as this dynamic industry is very much still in its infancy.”
XPEL Technologies Corp. (www.xpel.com), publicly traded on the TSXV 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: “In reviewing the data, XPEL’s previously initiated growth strategies are being affirmed,” and “We believe these growth trends will continue, as this dynamic industry is very much still in its infancy,” 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)