XPEL Technologies Corp. Completes Financing
XPEL TECHNOLOGIES CORP. COMPLETES FINANCING
SAN ANTONIO, TEXAS, April 25, 2005…XPEL Technologies Corp. (CNQ: XPEL.U) announced the completion today of a Private Placement totaling approximately US$300,000. The Unit Offering comprised one common share of the Company priced at US$0.45, coupled with one common share purchase warrant priced at US$0.75, carrying a two-year term from the closing date. The intended use of proceeds from the financing includes working capital needs and increased inventory requirements.
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.
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