Gilford Securities Research Initiates Coverage of Warrantech Corporation

29 March 1999

Gilford Securities Research Initiates Coverage of Warrantech Corporation

    STAMFORD, Conn.--March 29, 1999--Warrantech Corporation (NASDAQ NMS: WTEC) announced today that Gilford Securities, Incorporated, a New York-based investment banking firm, has initiated research coverage on the Company with an "attractive" rating.
    According to Joseph Nyi Nyi and Casey J. Alexander, Gilford research analysts and authors of the report, "Warrantech has regained their momentum and is well on the path to reestablishing an impressive growth record." The report further states that, "these shares have potential to appreciate to $9 (in fiscal 2000), almost triple the current market price."
    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 South America.
    The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such statements regarding the timing of acquiring and developing new products, of bringing them on line and of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins and financial position, is uncertain because many of the factors affecting the timing of those items are beyond the company's control.
    This release, and prior releases, are available on the KCSA Worldwide website at www.kcsa.com.