Warrantech Signs Contract With The Braun Corporation; The World's Leading Provider of Accessible Vehicles and Mobility Products to Offer RepairMaster Coverage

    BEDFORD, Texas--Feb. 3, 2003--Warrantech Corporation (OTCBB:WTEC), a leader and innovator in providing service contracts and aftermarket warranties, today announced an agreement with The Braun Corporation, the leading provider of mobility vehicles in North America. Warrantech is launching a specialized Service Contract Program for Braun Dealers targeting both new and pre-owned mobility-equipped vehicles for residential and commercial use.
    Under the terms of the agreement, Warrantech will provide administration and claims support for The Braun Mobility Protection Program, which will provide Mechanical Coverage, in addition to providing coverage for mobility systems such as Lift Systems, Ramp Systems and other special equipment on the mobility-modified vehicles. The Braun program will target consumers who want extended coverage for periods ranging from 3-to-7 years on both new and pre-owned vehicles with mileage under 100,000 miles.
    "We are excited that the world leader in the mobility industry has selected Warrantech Automotive to provide an extended warranty program on their mobility-modified vehicles," said Joel San Antonio, chairman and chief executive officer of Warrantech Corporation. "With the aging population, demand for mobility products is growing and Warrantech is pleased to exclusively offer this program to protect these valuable life-enhancing vehicles for Braun's special consumers. Warrantech continues to look for innovative ways to help our clients serve their customers while providing a new and incremental revenue source."
    "We looked at several administrators before selecting Warrantech," said Jeff Ruff, EVP of sales and marketing for The Braun Corporation. "Our reputation is very important, and we are concerned that our customers have the best product and warranty protection in the industry. We believe Warrantech offers the best service at the best price in our industry."

    About Braun:

    The Braun Corporation, based in Winamac, Indiana, is the oldest company in the mobility industry. Braun distributes an extensive line of mobility products and specially equipped vehicles through an international dealer network. For more information on The Braun Corporation, access: www.braunlifts.com.

    About Warrantech:

    Warrantech Corporation 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 additional information on Warrantech, access 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. Other risks and uncertainties include but are not limited to, Warrantech Automotive's ability to secure an alternate source of payment of claims under the vehicle service contracts as a result of the Reliance Insurance Company Liquidation, 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.