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Warrantech Corporation Appoints Sean M. Hicks President

6 January 1999

Warrantech Corporation Appoints Sean M. Hicks President of Warrantech Home Service Company

    STAMFORD, Conn.--Jan. 6, 1999--Warrantech Corporation (NASDAQ NMS: WTEC) announced today the appointment of Sean M. Hicks as President of Warrantech Home Service Company, a division of Warrantech Consumer Products Services, a wholly owned subsidiary.
    Mr. Hicks joined Warrantech Home Service Company in 1997 as Vice President Operations and was later appointed Senior Vice President, Marketing and has served in that capacity until his appointment to President. With over 10 years experience in the service industry, Mr. Hicks previously was Director of Product Service at Montgomery Ward. He has also held positions at Sears, Roebuck & Co., Inc. Mr. Hicks received a B.A. in Business Administration from La Salle University.
    In announcing the appointment, Joel San Antonio, Chairman and Chief Executive Officer of Warrantech Corporation, said, "The appointment of Sean Hicks to head our Home Service Company is a reflection on Sean's leadership of that division over the past year. His expertise in the service industry and experience with large corporate organizations has made him a key player on the Warrantech team. With deregulation taking place in the utility industry, Warrantech has established itself as the leader in the new and growing home warranty business. As a result of Sean's efforts, Warrantech has entered into agreements with major utility companies and organizations including Sempra, Hometown Connections and United Illuminated."
    Warrantech Corporation, through its subsidiaries, 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, the United Kingdom, Puerto Rico and Latin America.