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Warrantech Appoints Gayle Pomerantz President of Warrantech Home Services

30 June 2000

Warrantech Appoints Gayle Pomerantz President of Warrantech Home Services

    STAMFORD, Conn. - Warrantech Corporation today announced the appointment of 
Gayle Pomerantz as President of its Warrantech Home Services Company.

    Ms. Pomerantz has more than 10 years of experience in the home warranty
arena supported by an extensive background in business development, sales and
marketing.

    Most recently she served as CEO of Visby Marketing Group, Inc., a business
development service, providing consulting services to a wide array of
companies.  She was responsible for developing marketing and business plans;
providing sales, marketing and creative direction; and facilitating mergers
and reorganizations.

    Ms. Pomerantz worked as Special Projects Director for Homeowners Marketing
Services, Inc., the nation's second largest home warranty corporation.  In
1993, she started her own company, One Stop Creative Services, Inc., while
continuing her relationship with Homeowners Marketing as a consultant and was
responsible for overall program and product development, marketing and sales.
Ms. Pomerantz also served as consultant to AIG, spearheading the development
of a home warranty division, from inception through sales and implementation.

    Joel San Antonio, chairman and chief executive officer of Warrantech,
said, "Ms. Pomerantz is a creative and dynamic industry talent and we look
forward to having her assist us in expanding Warrantech Home Services'
business while building successful relationships with its customers."

    Warrantech Corporation, through its subsidiaries, administers and markets
services 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,
Mexico, the United Kingdom, Puerto Rico and Latin America.

    "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.