Warrantech International Expands Presence in Chile

    EULESS, Texas, Feb. 12 Warrantech International, a
division of the Warrantech Corporation (OTC Bulletin Board: WTEC), a leader
and innovator in the field of service contracts and extended warranties, today
announced that it signed a 3-year contract with Multicentro, the leading
department store in Southern Chile.
    The agreement greatly expands Warrantech International's presence in
Chile.  Multicentro, through its 10 stores, will sell extended service
contracts on all of its consumer electronics and appliances.
    Rick Rodriguez, President of Warrantech International stated, "Warrantech
International's strategy has been to expand in every market where we have
operations and to conquer new markets.  The deal with Multicentro in southern
Chile represents our commitment to be the number one service contract
administrator in the country."
    "Providing warranties on products is a relatively new concept in most of
South America.  Selecting Warrantech International as our partner was a
natural decision based on its outstanding performance and results in the
Chilean market," stated Mr. Boris Hernandez, Sales and Marketing Vice
President of Multicentro.
    Warrantech Corporation, headquartered in Euless, Texas, through its
subsidiaries, 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, Mexico, Puerto Rico and Latin America.  For more
information about Warrantech, access http://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.  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.