XPEL Completes Private Placement Financing



    SAN ANTONIO, September 10 /CNW/ - XPEL Technologies Corp. (TSXV:DAP.U)
announced today that it has received TSX Venture Exchange acceptance and has
completed a non-brokered private placement totaling US$897,528; a total of
448,764 units were issued at a price of US$2.00 per unit. Each unit of the
financing consisted of one common share, and one common share purchase
warrant. Each warrant entitles the holder to purchase an additional common
share of the Company for two years until September 7, 2009. A finder's fee
totaling US$31,850 was paid in connection with the private placement. The
proceeds from the financing are intended to be used for acquisitions, working
capital and capital investment. A minimum of a four-month trading hold will be
applied to any securities issued pursuant to this offering.

    XPEL Technologies Corp. is the worldwide leader in the electronic
delivery of 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 to better serve customers
with "best-in-class" solutions in real time. XPEL has clear advantages over
the competition through its expansive proprietary library of
installation-friendly paint and headlight protection and window tint products,
coupled with a patented Internet-based remote manufacturing and distribution
software, superior installation training curriculum and world-class
facilities, with established and growing sales channels.

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

    CUSIP: U98409102




For further information:

For further information: XPEL Technologies Corp. Craig K. Clement,
210-678-3716 Senior Vice President ckclement@xpel.com

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XPEL Technologies Corp.

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