Warrantech International Expands Presence in Latin America To Sell Extended Service Plans With Radio Shack Chile

Apr 17, 2001, 01:00 ET from Warrantech International, Inc.

    EULESS, Texas, April 17 /PRNewswire/ -- Warrantech Corporation
 (OTC Bulletin Board:   WTEC), a leader and innovator in the field of service
 contracts and extended warranties, today announced that Warrantech Chile, a
 subsidiary of Warrantech International, Inc., will commence selling service
 contracts in Radio Shack's 13 Stores in Chile. Radio Shack is a franchise
 operated in Chile by Comercial Eccsa S.A. and will offer point of sale service
 contracts on all qualifying products.
     Warrantech International's Managing Director, Jorge Joison said, "The
 implementation of this program allows us to further reach the Chilean consumer
 through this prestigious organization and solidifies our leadership position
 in the Chilean market"
     Mr. Rodolfo Schulze, General Manager of the Radio Shack Chilean Franchise,
 said, "For Radio Shack's Chilean Franchise it was a natural decision to select
 Warrantech for our extended service programs. They are the leading company in
 our country and every day we can see the results of their success in the
 Chilean market. We are confident that as a result of this association we will
 become leaders in the sale of extended service plans in our industry
 category."
 
     Warrantech International, Inc. is a subsidiary of Warrantech Corporation
 (OTC Bulletin Board:   WTEC) which provides business services through its
 subsidiaries, which include warranty management, third-party administration
 for insurance companies, marketing and training, inbound and outbound call
 center teleservices, direct mail and help-desk support to the automotive,
 consumer products, computer and financial services industries. The company is
 expanding its international operations by offering its services in the U.S.,
 Canada, Mexico, South America, Caribbean, and Puerto Rico.
 
     "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. Such 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
 to differ materially from those expressed in any forward looking statements
 that are made today.
 
 

SOURCE Warrantech International, Inc.
    EULESS, Texas, April 17 /PRNewswire/ -- Warrantech Corporation
 (OTC Bulletin Board:   WTEC), a leader and innovator in the field of service
 contracts and extended warranties, today announced that Warrantech Chile, a
 subsidiary of Warrantech International, Inc., will commence selling service
 contracts in Radio Shack's 13 Stores in Chile. Radio Shack is a franchise
 operated in Chile by Comercial Eccsa S.A. and will offer point of sale service
 contracts on all qualifying products.
     Warrantech International's Managing Director, Jorge Joison said, "The
 implementation of this program allows us to further reach the Chilean consumer
 through this prestigious organization and solidifies our leadership position
 in the Chilean market"
     Mr. Rodolfo Schulze, General Manager of the Radio Shack Chilean Franchise,
 said, "For Radio Shack's Chilean Franchise it was a natural decision to select
 Warrantech for our extended service programs. They are the leading company in
 our country and every day we can see the results of their success in the
 Chilean market. We are confident that as a result of this association we will
 become leaders in the sale of extended service plans in our industry
 category."
 
     Warrantech International, Inc. is a subsidiary of Warrantech Corporation
 (OTC Bulletin Board:   WTEC) which provides business services through its
 subsidiaries, which include warranty management, third-party administration
 for insurance companies, marketing and training, inbound and outbound call
 center teleservices, direct mail and help-desk support to the automotive,
 consumer products, computer and financial services industries. The company is
 expanding its international operations by offering its services in the U.S.,
 Canada, Mexico, South America, Caribbean, and Puerto Rico.
 
     "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. Such 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
 to differ materially from those expressed in any forward looking statements
 that are made today.
 
 SOURCE  Warrantech International, Inc.