Warrantech Corporation Appoints Sean M. Hicks

27 October 1999

Warrantech Corporation Appoints Sean M. Hicks President of Warrantech Consumer Products Services

    STAMFORD, Conn.--Oct. 27, 1999--Warrantech Corporation (OTC BB: WTECE) announced today the appointment of Sean M. Hicks as President of its Warrantech Consumer Products Services subsidiary.
    Mr. Hicks was President of the Company's Home Services Company Division which he joined as Vice President in 1997. He later served as Senior Vice President, Marketing until his appointment as President. Mr. Hicks has extensive experience in the service industry, having served as Director of Product Service at Montgomery Ward before joining Warrantech. He previously held positions at Sears Roebuck & Co., Inc. He received a B.A. in Business Administration from LaSalle University.
    In announcing the appointment, Joel San Antonio, Chairman and Chief Executive Officer of Warrantech Corporation, said, "Sean Hicks has been instrumental in the growth of our consumer products business. As President of the Home Services Division he helped us to establish a leadership role in the home warranty business for the utility industry."
    Mr. San Antonio added, "We believe Sean's extensive industry experience and his management and marketing expertise will help us to lead the way as the premier consumer products services company worldwide."
    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 Pursuant to the Securities Litigation Reform Act of 1995: This release contains forward-looking statements which are subject to risks and uncertainties, including, but not limited to, analysis of the service contracts for the purpose of computing the amount of any revenue which must be deferred, the number of prior period financial results which may have to be restated, 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.