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Warrantybynet, Leading Online Provider of Direct-to-Consumer Automobile Extended Warranties, Launches Spanish-Language Website

    BRICK, N.J.--Oct. 1, 2002--Warrantybynet, (http://www.warrantybynet.com), a leading online provider of direct-to-the-consumer extended automobile warranties of 50 different brands of new and pre-owned vehicles, is pleased to announce the launch of a Spanish version of its popular website.
    Evan Gartenberg, Director of Business Development at Warrantybynet, said company executives are excited about using the Internet, which he called "one of the greatest forms of media and communication that we know today," to tap into a potentially huge market.
    "During the last decade, the Hispanic market has contributed significantly to the growth of our economy, and going forward, it will be one of the faster growing segments online," said Gartenberg. "There are nearly 10 million Hispanics online in the U.S., and we know from web research that Internet users are more likely to purchase from a site that communicates in their native language."

    Savvy Consumers Fuel Warrantybynet's Explosive Popularity

    With transportation costs ranking as the third highest consumer expenditure - housing and food are first and second, according to the Center for Debt Management(TM) - it's no wonder automobile owners turn to the Internet to seek out savings on their extended warranties. Consumers can save several hundred dollars when compared to buying an extended warranty through a car dealership.
    "Today's savvy consumers are realizing that purchasing a warranty online and direct from the source is an efficient way to eliminate profit-hungry middlemen," said Gartenberg. "They're realizing that it doesn't make sense to pay hundreds of dollars more just for an auto dealer to print the paperwork."
    At Warrantybynet, consumers find savings backed by quality. Warrantybynet is the Internet marketing arm of Automobile Protection Plan, Inc., an offline provider of extended warranty programs since 1994, and one of the largest and most solidly backed extended warranty companies on the Internet. Promising both excellence and convenience, all Warrantybynet programs are fully reinsured by companies rated A++ (Superior) by A.M. Best and Co., and all claims are paid directly to the repair facility of the customer's choice. Warrantybynet's offerings include:

- Coverage for parts and labor on covered repairs, as well as "wear and tear" and "seals and gaskets" coverage.
- A variety of coverage plans for new and used cars with up to 80,000 miles on the odometer.
- Emergency 24-hour roadside assistance - including towing, battery, flat tire and emergency lockout assistance; fuel, oil, fluid and water delivery service; and trip interruption - at no additional cost for all warranty holders. Plus, all Warrantybynet service agreements come with a 100-percent, 30-day money back guarantee.

    "Commuting is expensive enough, without costly repairs tacked on," said Gartenberg. "Drivers looking for the peace of mind that comes with knowing their car's repairs will be carried out and paid for in a timely, efficient manner, are finding that peace of mind at Warrantybynet."
    The company has strategic partnerships with Yahoo! Inc. , AOL Time Warner Inc. , AutoTrader.com, E-Loan, Inc. , Kelley Blue Book Co, Inc., among others.

    ABOUT WARRANTYBYNET:

    Warrantybynet is the Internet marketing arm of Automobile Protection Plan, Inc., an offline provider of extended warranty programs since 1994. Promising both excellence and convenience, all Warrantybynet programs are fully reinsured by companies rated A++ (Superior) by A.M. Best and Co., and all claims are paid directly to the repair facility of the customer's choice.