XPEL Technologies Corp.

XPEL Technologies Corp.

February 25, 2005 10:18 ET

XPEL Exchanges Debt for Equity


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: XPEL TECHNOLOGIES CORP.

CNQ SYMBOL: XPEL.U

FEBRUARY 25, 2005 - 10:18 ET

XPEL Exchanges Debt for Equity

SAN ANTONIO--(CCNMatthews - Feb 25, 2005) -

XPEL Technologies Corp. (CNQ:XPEL.U)

-- Completes Warrant Financing

XPEL Technologies Corp. (CNQ:XPEL.U) announced today the exchange of its
outstanding convertible debt for common shares in the Company. MG&R
Limited of Boerne, Texas, has been issued 312,500 shares of XPEL common
stock for the retirement of its US$125,000 long-term note.

The Company also announced that on January 13th of this year, it
successfully completed the exercise of 954,549 common stock purchase
warrants totaling approximately US$382,000.

J. Christopher Cuevas, XPEL's Chief Financial Officer, stated, "We
appreciate the confidence in XPEL's vision our debt holders and
shareholders have shown us as we continue growing the business. The
support of these groups has allowed us to accelerate our plans for
building a world-class automotive aftermarket products Company."

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.

The CNQ has not reviewed and does not accept responsibility for the
adequacy and accuracy of this information.

Cusip: U98409102

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    XPEL Technologies Corp., San Antonio
    Craig K. Clement, 210-342-7114
    Chief Operating Officer
    email: ckclement@xpel.com
    website: www.xpel.com