XPEL Technologies Corp.
 
Profile:

OVERVIEW: This company manufactures, sells, and distributes aftermarket automotive products, mainly in the U.S. It operates wholly owned subsidiaries in Canada and the United Kingdom.

ADDRESS:
13750 San Pedro Ave.
Suite 530
San Antonio, TX 78232

Phone: 210-678-3700
Fax: 210-678-3701
Web Site: http://www.xpel.com

PRIMARY STOCK EXCHANGE: TSX Venture Exchange
TICKER SYMBOL: DAP.U

AUDITORS: DMCT
TRANSFER AGENT: Equity Transfer Services Inc., Toronto, Ontario

EMPLOYEES: 46

FOUNDED: 2003
DOMICILE: Nevada



Background:

XPEL Technologies Corp. engages in the manufacture, sale, and distribution of after-market automotive products primarily in the United States. The company primarily offers bulk paint protection film (PPF), pre-cut PPF, and headlight protection kits for automotive paint, and headlamp protection and window tint products. Its paint protection products protect vehicles from damage caused by rocks, gravel, salt, or insects through the application of a thin and invisible urethane film; light protection products are scratch-resistant, urethane material coupled with clear adhesive to protect cars against the perils of the open road; and Design Access Program, a software that allows dealers to manufacture paint protection, headlamp protection, and window tint kits, as well as enables to print wholesale and retail catalogs. The company was founded in 2003 and is based in San Antonio, Texas.

INCORPORATED: in Nevada Oct. 14, 2003. On May 21, 2004, the company merged Reflex Enterprises, L.L.C. (Reflex). In the merger, the members of Reflex received 14,830,000 Common shares of the company. Reflex Enterprises, L.L.C. was formed in January 1999 as a Texas Limited Liability Company.

SUBSIDIARIES:

Paintshield Limited
XPEL Canada Corp.


Management:

OFFICERS:
W. Rege BrunnerChairman & Chief Operating Officer
Nuno FerreiraPresident & Chief Executive Officer
J. Christopher CuevasChief Financial Officer
Craig K. ClementInvestor Relations Contact

DIRECTORS:
W. Rege BrunnerMurray R. Nye
Maxwell A. Polinsky


Stock Data:
Capitalization as of September 30, 2007:
Stock Authorized Shares Outstanding Shares
Preferred $0.001 par 10,000,000 None
Common $0.001 par 100,000,000 24,215,392
 

LONG TERM DEBT: $135,740.

COMMON SOLD PRIVATELY: April 25, 2005, the company sold privately 665,335 Common shares and 665,335 Common share purchase warrants for approximately Canadian Dollar (C$) 300,000. The warrants were issued at an exercise price of C$0.75 per share and were exercisable until Apr. 25, 2007.

DIVIDENDS: Common $0.001 par: None.

TRANSFER AGENT: Equity Transfer Services Inc., Toronto, Ontario

Common Stock
Exchange Year High Low
TSX Venture Exchange 12007 0.0000 0.0000
  22006 0.8100 0.8100
CNQ 2005 1.5000 0.3900
  32004 0.7100 0.4000
1Prices reported in Canadian Dollars.
2Moved from CNQ to TSX Venture Exchange Feb. 27. Prices reported in Canadian Dollars.
3Listed Oct. 22.


Annual Report:
Income Statement: As of Dec. 31 Thou. US Dollar 2007 2006
Revenues 5,857 3,393
Cost & exps. 6,422 4,607
Depr. & amort. 231 96
Fgn. currency transl. 7  
Write-off of intangible assets   100
Interest exp. 34 40
Income tax (19)  
Net income (824) (1,451)
Share earns. basic ($0.03) ($0.07)
Share earns. diluted ($0.03) ($0.07)

Balance Sheet: As of Dec. 31 Thou. US Dollar 2007 2006
Assets:    
Cash 735 31
Accts. rec., net 769 316
Inventories 448 170
Other curr. assets 178 50
Tot. curr assets 2,131 567
Net property 558 406
Intangibles 962  
Goodwill 3,293  
Deposits 53 70
Total assets 6,997 1,043
Liabilities:    
Bank indebtedness 21  
Accts. pay. & accruals 1,429 593
Loans pay.   250
Defr. revenue 70 103
Curr debt. mat. 370 70
Tot. curr. liabs. 1,899 1,016
Long-term debt 206 194
Com. stk. p.$0.001 6,487 2,261
Paid-in cap. 722 474
Other stkhldrs equity 1,125  
Retained earns. (3,725) (2,901)
Total liabs. 6,997 1,043


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