Warrantech Corporation Announces

1 April 1999

Warrantech Corporation Announces

    STAMFORD, Conn.--April 1, 1999--Warrantech Corporation (NASDAQ NMS: WTEC) announced today that its press release issued on March 29, 1999, regarding the recently released research report by Gilford Securities, Incorporated, a New York-based investment banking firm, regarding the potential market price of Warrantech's stock, express the views of the preparers of the report. It is the Company's policy not to express an opinion as to the potential market price for its common stock.
    Warrantech's management and its employees are working diligently to increase productivity and reduce costs in an effort to enhance profitability. Warrantech appreciates the confidence which its shareholders have demonstrated in the Company.
    Any statements regarding the potential market price of Warrantech's stock are forward-looking in nature. Future prices of Warrantech's stock may be affected by several factors, as well as risks and uncertainties, including, among other things, general market fluctuations, the national and global economy, world events, the development of new products and services, and the Company's revenues and earnings which can also fluctuate from time to time.