Warrantech Renews Relationship With Anderson's TV; Leading California Bay Area Retailer Offers Warrantech's Service Contract Program

Business Wire, Feb 12, 2003

Business Editors

BEDFORD, Texas--(BUSINESS WIRE)--Feb. 12, 2003

Warrantech Corporation (OTCBB:WTEC), a leader and innovator in the marketing and administration of service contracts and extended warranties for automobiles, recreational vehicles, home appliances, consumer electronics, televisions, computers, home office equipment and other consumer products, today announced that an agreement was signed with Anderson's TV, a home theater retailer based in California.

One of the leading big screen and high-definition electronics retailers in the San Francisco Bay area, Anderson's re-selected Warrantech to develop and administer its service contract program for consumer electronics. This agreement is significant because Anderson's made a business decision to work with another service provider for a brief period. After working with a competing firm for two years, Anderson's decided to again work with Warrantech. Anderson's commitment to Warrantech signifies the superior level of service that clients expect and Warrantech delivers.

"Anderson's is an important client to Warrantech. We are gratified that Anderson's has chosen to renew a business relationship with Warrantech based upon the company's advanced WCPS Online platform, our aggressive marketing programs and top-rated customer service," said Joel San Antonio, chairman and chief executive officer of Warrantech. "Warrantech has more than twenty years of experience in partnering with clients such as Anderson's to help them maximize revenue-generating opportunities, while enhancing customer relations by providing superior levels of service."

"After working with other service providers, we switched to Warrantech. It was a business decision. Everyone wants good, reliable service, and to increase profits. With Warrantech our expectations are achieved," said Dave Malloy President of Anderson's TV.

The value of new revenue sources, coupled with higher levels of customer satisfaction, and Anderson's ability to track claims and customer information on the company's proprietary WCPS Online system demonstrate the durability of the relationships Warrantech has with clients. With Warrantech, retailers cut costs and increase profits and keep their customers happy.

About Anderson's TV:

Known as the Big Screen Specialist and the home of High Definition Television in the San Francisco Bay area, Anderson's has been located in California since 1934. Anderson's currently has 4 storefront locations. Additional information is available at www.andersonstv.com.

About Warrantech:

Warrantech Corporation administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computer and computer peripherals for retailers, distributors and manufacturers. The company continues to expand its domestic and global penetration, and now provides its services in the United States, Canada, Puerto Rico and Latin America. For additional information on Warrantech, access www.warrantech.com.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements that are subject to risks and uncertainties. Other risks and uncertainties include but are not limited to, the effectiveness of cost containment measures and the continuation of current levels of business activity, the impact of competitive products, product demand and market-acceptance risks, reliance on key strategic alliances, fluctuations in operating results and cash flow and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. These risks could cause the company's actual results for the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company.