XPEL Surges To Nearly 11,000 Monthly Product Downloads
XPEL SURGES TO NEARLY 11,000 MONTHLY PRODUCT DOWNLOADS
– 58.4% Growth Over Same Period in 2004 –
– Largest Revenue Month Since Inception –
SAN ANTONIO, TEXAS, July 11, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced today that product downloads from its database during the month of June reached 10,875 kits for the first time in Company history. The number of kits produced by XPEL and its worldwide dealer base during June of 2005 exceeded production for the same period in 2004 by 58.4% or 4,012 kits.
W. Rege Brunner, Chairman and CEO, stated, “As we continue growing the pipeline of submitted and ultimately approved XPEL Dealer applications, as previously announced this month, certain business metrics mirror and affirm how important dealer recruitment is. We expended a great deal of resources during 2004 and the first-half of 2005, all for the purpose of growing our product outlets, and the results are paying off. June proved to be our best month ever in terms of revenues at approximately US$316,000.” Mr. Brunner further added, “As our industry continues to grow and gain momentum, our shareholders will be the ultimate beneficiaries of XPEL’s strong business model and ‘first-mover’ strategy.”
XPEL Technologies Corp. (www.xpel.com), publicly traded on the Canadian Trading and Quotation System 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, such as, “As our industry continues to grow and gain momentum, our shareholders will be the ultimate beneficiaries of XPEL’s strong business model and ‘first-mover’ strategy,” 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 CNQ 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)