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APCO Renews Agreement With American Honda Finance Corp

29 January 1999

Automobile Protection Corporation -- APCO -- Renews Administration Agreement With American Honda Finance Corporation

    ATLANTA, Jan. 28 -- Automobile Protection Corporation
announced today that it has renewed its agreement with American
Honda Finance Corporation (AHFC), a subsidiary of American Honda Motor Co.,
Inc.
    APCO entered into a five-year administration agreement with AHFC in 1994
to administer vehicle service contracts on non-Honda built vehicles sold by
Honda and Acura dealers.  This program has been renewed for an additional
three years commencing February 1, 1999.
    Larry I. Dorfman, President/CEO of APCO said: "We are delighted to
announce this renewal.  We have developed an excellent relationship with Honda
Finance and look forward to continuing our relationship.  Honda Finance is
APCO's largest account at present and has provided us with enormous
credibility in the marketplace for the past five years.  We are proud of our
association with such a fine company and will continue to provide Honda and
Acura dealers' customers with the very best service in this industry."
    David Rolleri, Senior Manager of the Vehicle Service Contracts Division of
AHFC said: "Since 1994, APCO has met or exceeded all expectations. We remain
confident of their ability to continue to provide the quality service and
commitment to customer satisfaction that today's customers demand."
    APCO, established in 1984, is a leading marketer and administrator of
products and services to automobile and recreational vehicle dealers.  The
Company's core business is the marketing and administration of EasyCare(R)
vehicle service contracts.
    "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995:  To the extent that this news release discusses financial
projections, information or expectations about our products or markets, or
otherwise makes statements about the future, our statements are forward
looking and are subject to a number of risks and uncertainties that could
cause actual results to differ materially from the statements made.  The
specific risk factors are described in the Company's Form 10-K that has been
filed with the Securities & Exchange Commission in connection with its 1997
year.