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Extended Warranty Seller Reports 3Q Results

MITCHEL FIELD, N.Y.--Sept. 13, 2002--Interstate National Dealer Services, Inc. today announced its third quarter results for the period ended July 31, 2002.

Revenues for the three months ended July 31, 2002 increased to $16,988,956 as compared to $16,821,849 for the same period a year earlier. Net income for the three months ended July 31, 2002 was $885,011, or $0.22 per share on 4,084,069 diluted weighted average shares outstanding, compared to net income of $639,861, or $.15 per share on 4,225,785 diluted weighted average shares outstanding, for the comparable period a year earlier.

Revenues for the nine months ended July 31, 2002 increased approximately 3% to $45,655,174, compared to $44,439,460 for the same period a year earlier. Net income for the nine months ended July 31, 2002 was $1,350,482, or $0.33 per share on 4,078,934 diluted weighted average shares outstanding, compared to net income of $1,829,735, or $.42 per share on 4,316,548 diluted weighted average shares outstanding, for the comparable period a year earlier.

Interstate is a leading nationwide provider of service contracts and extended warranties, primarily for new and used cars and recreational vehicles, as well as watercraft, manufactured housing, motorcycles and other power sport vehicles. For additional information please visit our websites: http://www.inds.com and http://www.warrantydirect.com.