XPEL Reports Second Consecutive Record-breaking Month For Design Access Revenues
XPEL REPORTS SECOND CONSECUTIVE RECORD-BREAKING
MONTH FOR DESIGN ACCESS REVENUES
– 58% Year-to-Date Growth in Electronic Pattern Downloads –
– 301 New Product Dealer Applications Submitted Since January –
– Largest DAP Revenue Month in Company History –
SAN ANTONIO, TEXAS, July 13, 2006…XPEL Technologies Corp. (TSXV: DAP.U) announced today that for the six months ended June 2006, application downloads from its electronic database of paint, headlight and window tint kits grew by 58.02% over the same period in 2005. XPEL window tint pattern downloads alone accounted for an improvement of 455.83% during this same period. Additionally, the Company’s Design Access Program (“DAP”) revenue stream for the month of June 2006 grew by 40.79% over the same period in 2005, setting a best-ever monthly corporate record.
W. Rege Brunner, Chairman and CEO, stated, “XPEL set a second consecutive monthly record for DAP revenues in June. When you consider nearly 41% growth in the DAP revenue stream over the same period in June of 2005, it has real significance. Growth like this over our normally largest revenue months in the early summer is completely attributable to the XPEL Team of product Dealers and our Employees. I thank the Team for their vision, dedication, and singleness of purpose in driving awareness and corresponding growth in this dynamic industry.”
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)