Warrantech to Provide Warranty Plans for La Curacao; Peruvian retailer to offer warranties for appliances, computers, cell phones

BEDFORD, Texas--Sept. 2, 2003--Warrantech Corporation (OTC:WTEC), a leading independent provider of service contracts and after-market warranties, today announced a three-year agreement with La Curacao to provide the Peruvian retailer with a warranty program for domestic appliances, personal computers and cell phones.

La Curacao is Peru's leading retailer of appliances and computer products with 39 stores located throughout this South American nation. Stores include audio and video products, small domestic appliances, personal computers, telephones and furniture.

"This agreement marks Warrantech's continued success in the South American market," said Richard Rodriguez president of Warrantech International. "Our accomplishments in Peru and other parts of Latin America have positioned Warrantech as the premier provider of extended service contracts in this marketplace. The addition of La Curacao enables us to work with one of the most professional organizations in the region and we look forward to providing La Curacao with our innovative service products for many years to come."

"We selected Warrantech because of their outstanding reputation in the warranty industry and they've demonstrated rapid success in the Peruvian market," said Juan Freire, general manager of La Curacao.

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.