Warrantech Corporation Subsidiary in Agreement With Micro Center

14 April 1999

Warrantech Corporation Subsidiary in Agreement With Micro Center; To Provide Service Contracts and Technical Support

    STAMFORD, Conn.--April 14, 1999--Warrantech Corporation (NASDAQ NMS: WTEC) announced today that its wholly-owned subsidiary, Warrantech Help Desk, Inc., has been selected by Micro Center(R) "The Computer Department Store(R)"of Columbus, Ohio, to provide service contract administration and On-Call technical support to Micro Center's customers.
    The three-year agreement is expected to yield approximately $46 million in sales to Warrantech. Micro Center is a unique chain of 15 large format computer stores catering to first-time buyers, sophisticated enthusiasts, professionals and small businesses. The roughly 45,000 square foot stores have 12 departments which carry over 36,000 products, far exceeding traditional computer superstores in floor space, product assortment, customer service and range of services.
    In announcing the agreement, Joel San Antonio, President and Chief Executive Officer of Warrantech, said, "MicroCenter went into the market and did an in-depth analysis before selecting Cigna Casualty as its insurer and Warrantech as its preferred administrator. We were pleased to be chosen. This agreement further strengthens our Company's strategy to expand our Help Desk operations through contracts with major computer retailers."
    Michael Papai, Marketing Vice President of Micro Center, said, "Because of our devotion to providing excellent customer service, and our large numbers of high ticket sales, we viewed the quality and responsiveness of our plan administrator as absolutely critical for our future business. After an extensive search, everyone involved feels very good about our choice of Warrantech."
    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.

    "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to industry penetration rates, sales projections, the continuation of current levels of business activity, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for the current fiscal year and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.

    This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com.

    This release is available on the KCSA Worldwide website at www.kcsa.com.