Strong Endorsement Helps Warrantech Generate New Business from MARTA Warranty Program; Company Has Signed More than 10 Percent of Buying Cooperative Members

    BEDFORD, Texas--April 3, 2003--Following its designation last fall as the "preferred provider" of extended service contracts to the MARTA Cooperative of America, Warrantech Corporation (OTCBB:WTEC), announced today that it has signed agreements with more than 10 percent of the buying cooperative's consumer electronics and appliance retailers.
    MARTA is the largest member-owned retail buying cooperative in the U.S. consumer electronics and appliance industry, representing more than 100 active owner-members with 450-plus storefronts across the country. Their combined retail sales exceed $2 billion annually.
    New retailers that Warrantech has signed under the "endorsed provider" program include: DeSears, Bradenton, Fl.; Karl's, Gregory, S.D.: Nielsen's, Spencer, IA; Benett's, Orrville, OH; Grove Refrigeration, Alliance, OH; and W&B Furniture and Appliance, New Martinsville, W.Va. Also under the new program are: Good Housekeeping, Natrona Heights, PA; Brummel's Furniture & Appliance, Grand Rapids, MI; Edelstein's, Brownsville, TX; Home Appliance Co., Massillon, OH; and L.H. Brubaker, Lancaster, PA. These retailers have combined annual sales of about $200 million.
    Joel San Antonio, chairman and chief executive officer of Warrantech, said, "As retailers complete their existing agreements with their current service contract providers, we're confident they'll make the switch to The MARTA Preferred Service Program. "Those that have already signed with us are discovering the benefits of doing business with our advanced technology solutions such as the WCPS Online Internet-based software application."
    WCPS Online is a Web-based tool introduced in early 2002. This functionality helps retailers manage customer and business operations data while reducing paperwork and the associated time and expense of administering service contracts for their customers.

    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, 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, 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.