XPEL Reports Record-Breaking DAP Revenue
- Nearly 81% Growth Over Same Period in 2005 - - Drives Improvement in all Revenue Sources - - Advancing Product Awareness -
SAN ANTONIO, March 13 -- XPEL Technologies Corp. (TSXV: DAP.U) today announced that February 2006 Design Access Program ("DAP") revenues reached a record-breaking level of US$124,179, for an 80.87% improvement over the US$68,656 generated during the same monthly period in 2005. Additionally, Design Access Program revenues for January and February of 2006 alone reached US$241,067, which surpassed 'DAP-only' revenues produced in the entire first quarter (three months) of 2005 by more than US$16,000.
W. Rege Brunner, Chairman and CEO, stated, "We are continuing to experience solid DAP revenue growth, which is a by-product of an increasing number of XPEL Dealers, and advancing market awareness for our 'clear' automotive protection products. Design Access Program revenue is a key driver for XPEL, and one in which we place a highly focused emphasis. DAP growth supports improvement in all of our revenue categories, and the specific margin contribution generated by the DAP segment is truly exceptional."
XPEL Technologies Corp., (http://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.
The TSXV has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
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