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FOR IMMEDIATE RELEASE |
MARCH 25, 2008 |
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SAN ANTONIO--(BUSINESS WIRE)--XPEL Technologies Corp. (TSX VENTURE: DAP.U) announced today that they have entered into a sole source agreement with MARS International. This agreement makes XPEL the exclusive provider of paint protection film and patterns to the entire MARS network.
"The sole source agreement with MARS is a very exciting development for XPEL. MARS is a leader in automotive reconditioning and by having them select XPEL as their exclusive provider, we reinforce the strength of our products to the industry as a whole," said Steven McAuley, XPEL Chief Executive Officer. Mr. McAuley further added, "XPEL is dedicated to developing long lasting partnerships with top companies like MARS. We really feel that by supporting our industry partners first and foremost we will continue to grow the industry as a whole."
MARS International was highly ranked as a top franchise opportunity in 2007 by Entrepreneur Magazine. MARS President and CEO, Allan Kelsey commented on the agreement by saying, "XPEL is changing the industry as we know it. We are proud to select them as our sole source for paint protection film and patterns. Our intent and desire is to build our Paint Protection business and other products as the synergy permits in the future with XPEL."
About XPEL Technologies Corp.With distribution channels in North America, Europe, Asia, Middle East and Australia, XPEL Technologies Corp. is the worldwide leading supplier of automotive survival products. XPEL manufactures and provides automotive paint and headlamp protection products plus installation tools & equipment and is the developer of the Design Access Program software. In addition to its expansive line of products, the Company offers installation training and marketing support, making it the premier source for dealers and installers of paint protection products. XPEL is publicly traded on the TSX Venture Exchange. Additional information can be found on the Company's website at www.xpel.com.
About XPEL MARS International, Inc.MARS International specializes in TOTAL automotive appearance reconditioning. MARS Operators make pre-owned vehicles look and feel new by repairing bumpers, removing scratches, and providing a number of services that go beyond typical detailing capabilities such as stain and odor removal. MARS has products available that make new vehicles reflect a unique and customized personality with graphics and professionally installed aftermarket accessories such as spoilers and paint shields. MARS International has been recruiting, equipping, training, and certifying Operators since 1998 and has successfully established hundreds of independent MARS operations throughout the United States.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
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