XPEL Technologies Common Shares Approved For Trading
XPEL TECHNOLOGIES’ COMMON SHARES
APPROVED FOR TRADING
– Canada’s New Stock Exchange –
– Products Postured for Increased Market Penetration –
– Accelerating Consumer Awareness –
SAN ANTONIO, TEXAS, October 20, 2004…Nevada-based XPEL Technologies Corp. (“XPEL”) announced today approval by the Canadian Trading and Quotation System Inc. (“CNQ”) for listing and trading of its common equity shares under the symbol “XPEL.U.” Trading is scheduled to commence on Friday, October 22, 2004.
W. R. Brunner, XPEL’s Chairman and CEO, commented, “We want to thank our shareholders for their patience during this approval and listing period, and for their continued support in helping us build a world-class automotive aftermarket products company.” Mr. Brunner further stated, “We believe we are postured to experience rapidly increasing market penetration and corresponding growth with our product sets. We will be deploying the funds obtained through our Initial Public Offering in strategic areas for further accelerating consumer awareness and improving market knowledge of the functional utility and value of X-PelTM ‘clear’ automotive protection.”
Addressing the Company’s listing approval, Craig K. Clement, XPEL’s Senior Vice President and Chief Operating Officer, stated, “The CNQ is an alternative to traditional types of exchanges, where more often than not, high costs and elevated capitalization requirements are barriers to trading a smaller company’s equity. The CNQ is an efficient stock exchange with an extremely high standard of disclosure and integrity. Corporate visibility offered through the CNQ ‘Disclosure Hall’ makes providing required disclosure to our shareholders much quicker, extremely efficient, and certainly more cost-effective. In addition, the exchange is fully automated, offering investors immediate execution of trades for improved liquidity. Overall, the CNQ is just a great fit for XPEL.”
Current disclosure documents regarding the Company will be posted on the CNQ website by October 22, 2004. In the interim, public filings made by XPEL may be viewed on SEDAR (www.sedar.com).
About the Market Maker (www.canaccord.com)
Canaccord Capital Corporation (“Canaccord”) will be acting as one of the Market Makers. Information for trade-related inquiries by Canadian and U.S. Brokers only may be obtained by contacting Canaccord’s Canadian trading desk at (888) 284-4459, or its U.S. trading desk at (800) 563-8343.
About the CNQ (www.cnq.ca)
Headquartered in Toronto, and launched on July 25, 2003, the CNQ’s unique market model matches enhanced disclosure and streamlined issuer regulation with leading edge technology to meet the needs and characteristics of emerging companies, their investors and investment dealers. This model, combined with comprehensive regulatory oversight, provides an efficient new marketplace that fosters integrity, transparency and liquidity for trading equity securities.
About XPEL (www.xpel.com)
XPEL Technologies Corp. (www.xpel.com) is the worldwide leader in the electronic delivery of top automotive aftermarket products, utilizing the Web as an integral component of 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” products. 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 manufacturing and distribution software utility, superior installation training curriculum and facilities, and established and growing sales distribution channels.
Certain statements contained herein (“We believe we are postured to experience rapidly increasing market penetration and corresponding growth with our product sets. We will be deploying the funds obtained through our Initial Public Offering in strategic areas for further accelerating consumer awareness and improving market knowledge of the functional utility and value of X-PelTM ‘clear’ automotive protection.”) 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 such “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)