Thanks guys. Another question...
How do I make sure the corners do not bulge like when I wrap my XMAS gifts
. Do I I need to cut out any part of the vinyl to make it seamless (maybe I should post this on Trading Spaces)...Anyone have experience or links to how this is done so it looks clean (maybe Minwah?)?
What I would do is this (I'm kindof assuming your CP is wooden & rectangular):
Stick the main bulk of the vinyl down,
Wait for that to stick well (if the glue requires time to stick),
Cut a small slit in each corner at 45degrees, but not quite right up to the edge of the CP,
Turn the CP over,
Lift and fold each side of vinyl in turn (be quite firm*) and then glue and if possible staple gun the vinyl.
* This is the important bit, make sure you evenly pull the vinyl up and around the edge making sure you have no saggy-bits - for this part it is always helpful to have at least 3 hands

FWIW I have used the kindof vinyl you have quite a lot to re-trim car interior panels (door cards etc.). One piece of advise is to test whatever glue you have before doing the main thing - I found some types of glue can make it's way through the backside of the vinyl and discolour or mark the top side...