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APCO Management Comfortable With Analysts' Consensus Estimate

5 April 1999

Automobile Protection Corporation - APCO - Management Comfortable With Analysts' Consensus Estimate for the First Quarter Ended March 31, 1999

    ATLANTA, April 5 -- Automobile Protection Corporation
announced that management is comfortable with the consensus
estimate of $0.13 diluted earnings per share for the first quarter ended
March 31, 1999.
    Larry I. Dorfman, President/CEO stated: "Due to the decline in our stock
price, we have received a large number of inquiries regarding first quarter
results, which will be released at the end of this month.  In response to this
concern, we have decided to provide preliminary information to reassure the
investment community that we expect to meet analyst's consensus earnings
estimates."
    As regards revenues, Mr. Dorfman commented: "Based on preliminary sales
data for the quarter, we anticipate year-over-year revenues to increase
approximately 20%.  Revenues will probably be the second best in the Company's
history and we expect that both revenues and net income will be new records
for the first quarter. We experienced solid growth in our core EasyCare
service contracts business.  We are pleased to report that volumes from our
third party administrative business rose significantly over the first quarter
of 1998 and sequentially over the fourth quarter of 1998.  On a per unit
basis, this business generates lower revenues than our core service contract
business, as we only receive and report an administrative fee, as compared to
the rate charged to the dealer in our service contract business, which
includes the administrative fee and cost of insurance, brokerage fees and
taxes.  We are extremely encouraged by this new business and expect it to
become an important contributor to our overall business."
    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.  The Company also administers warranty and service
contract products under private labels.
    "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 1998 year.
    Other APCO press releases are available through Company News On-Call by
fax, 800-758-5804, ext. 100756.