Warrantech Signs Three-Year Agreement With DBL Distributing

    EULESS, Texas--Oct. 1, 2001--Warrantech Corporation (OTCBB:WTEC), a leader and innovator in the field of service contracts and extended warranties, today announced that it had signed a three-year agreement with DBL Distributing to sell the RepairMaster program through their wholesale consumer electronic catalog which is distributed to over 70,000 retailers located in the U.S. and Canada.
    RepairMaster provides instant customer satisfaction through automatic repair of products and its easy-to-use (800) 292-7726 toll-free customer service hotline that offers repairs on a worldwide basis for up to four additional years, ensuring value-added performance and increased profitability for customers.
    DBL Distributing, based in Scottsdale, Arizona, is a wholesale distributor of consumer electronics and accessories to independent retailers in the U.S. and Canada. The program allows for retailers to purchase the RepairMaster product from DBL Distributing to sell directly to their customers.
    Joel San Antonio, chairman and chief executive officer of Warrantech, said, "Our business strategy has been to provide retailers with value added service that will ensure greater customer retention. The RepairMaster is a product we created to allow customers access to repairs above and beyond the manufacturers warranty."
    David Lorsch, president of DBL Distributing, stated, "We selected to market the RepairMaster through our catalog because it is user friendly and provides our customer base -- retailer dealers -- with a value added product that aids in customer retention."
    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 www.warrantech.com.