Does this make me an honorary Texan?

OK I have bought the Boots in San Antonio, I have A Steson again aquired in San Antonio, I drink Top Shelf Margs (patron preferably)

And now this (Below) do I get honorary status now?


Cheers

Tom

XPEL To Acquire U.K. Company

- Largest European Paint Protection Product Dealer in XPEL Network –
- Ownership Interests in Italy, France, Greece, S.E. Asia and Australia -

SAN ANTONIO, TEXAS, June 1, 2007...XPEL Technologies Corp. (TSXV: DAP.U) announced today the signing of a non-binding letter of intent to acquire 100% of the Founded by Mr. Tom Wakeford, Paintshield has been an XPEL product distributor since its inception in May of 2003, and has served as the exclusive design arm for XPEL's European product design activities. The company's impressive client list includes Rolls Royce Motors, Aston Martin, Porsche GB, and Ascari Cars, and its reputation for superior protection product installation in Western Europe is second-to-none. Paintshield also maintains joint venture ownership interests in Paintshield affiliates in the markets of Italy, France, Greece (Balkans), S.E. Asia and Australia which are also being acquired by XPEL as part of the transaction. Paintshield U.K., without contribution from its affiliates, is projected to add approximately US$1,000,000 to XPEL's top line revenue in 2007.

XPEL's Chief Executive Officer, Steven J. McAuley, stated, "This is another great opportunity for XPEL to continue taking control of the growing global markets for paint protection products. Paintshield brings great market knowledge and management, immediate positive financial impact while increasing our design capabilities to expand even further our library of automotive paint, headlight and window tint protection patterns. Paintshield currently has an active relationship within the racing community throughout Europe, with the likes of Formula I, the Grand Prix Masters, the GT Race Series, and Formula BMW. These relationships will help us continue growing awareness for the Paintshield brand with race fans in Europe and compliments our efforts to build a global XPEL Motorsports brand." Mr. McAuley further commented, "Regarding brand, 'Paintshield' is a highly descriptive and very intuitive corporate brand name which we intend to fully utilize to build stronger brand awareness for our products in North America and around the world. I am excited about our expanded global reach and look forward to having Tom Wakeford on our team in his capacity as Managing Director of the newly formed XPEL wholly-owned United Kingdom subsidiary."

Paintshield's Managing Director, Mr. Tom Wakeford, added, "We are extremely excited about the prospects this integration brings to both organizations, including the significant investment capability to support our aggressive growth strategies for the European marketplace. Paintshield is currently the number one choice for consumers of paint protection film products within the markets in which we operate. The desire to produce nothing but the best in delivered results to our clients has made the Paintshield brand recognized in many countries around the world as the hallmark of quality in automotive paint protection. This consolidation is a great move for both companies and I look forward to working as part of the XPEL team who have been exceptional partners during the last four years of our relationship."

The contemplated transaction as described herein is subject to a final due diligence review, the execution of a definitive agreement, and regulatory approval by the TSX Venture Exchange and any other entities maintaining jurisdiction.

The Company also announced today that it has arranged to complete a non-brokered private placement of up to US$1,250,000 at a price of US$2.00 per Unit. Each Unit consists of one common share of the Company and one warrant. Each warrant entitles the holder to purchase an additional common share of the Company for two years from the closing date at a price of US$2.40 per share. The Company will pay up to a 10% finder’s fee. The proceeds from the financing are intended to be used for the Company's acquisition opportunities. A four-month hold period from the time of closing will apply 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 unique web-based remote manufacturing and distribution software, superior installation-training curriculum and world-class facilities, with established and growing sales channels.

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

 

Of Course Rob Thats the whole point

Cheers

Tom

 

yes Indeedy, I spent a fun evening last week at the race shop with Rege and one of his drivers great night

 

Yeah I know I did get an outlandish embroidered black shirt at the same Time

Ran out of time on the Belt Buckle maybe next trip

 

Thanks for all the tip guys going to have to pass on the Moustache (had one for 25 years not growing it back now.

As for the curve in the brim havent had one put in on this one as there seemed two schools of thought the guys I did see wearing them (suits like me) didnt appear to have one, I guess its only the ranchers that do this??

on my next trip I will seek your advice as to the correct curve on the brim on the next hat.

will take some pics of the shirt and upload them it is truly outrageous

Not sure when I will next be over but will post up in good time meet, will be going to Sema in vegas if any of you guys are going to that this year?

Cheers


Tom

 

Will do had a good look at the hat and it has a standard curve in it which I imagine is normal not the extreme one like the white example or in some of the westerns I have seen going to photograph the rig tommorrow and post the pics up so you can give me your opinions


Cheers

Tom