Torrenzano Group Joins Warrantech as Financial Communications & IR Counsel

22 February 2000
Torrenzano Group Joins Warrantech as Financial Communications & IR Counsel
               New York City-Based Specialist Firm Will Assist
                  In Establishing Positive Investment Story

    STAMFORD, Conn., Feb. 22 -- Warrantech Corporation
(OTC Bulletin Board: WTEC) announced today that it has retained The Torrenzano
Group LLC of New York as outside corporate affairs and financial
communications counsel.
    The Torrenzano Group will provide Warrantech senior management with
strategic positioning, messaging and communications to the investor community.
The agency, which was retained on a one-year contract in late December of last
year, advised in the release of financial information from the Company this
year, including Warrantech's 10-K/A for the year ended March 31, 1999, and
10-Q reports for the first six months of 2000.
    "As we emerge from the trying accounting and business issues of last year
and move forward with positive cash flow and a strategic plan that combines
new-business initiatives, continued focus on the growth of existing business
with assiduous cost-cutting measures and a clear focus on re-listing our
shares on a major exchange this year, we look to The Torrenzano Group to help
Warrantech communicate this compelling investment story," Joel San Antonio,
Warrantech Chairman and CEO, said.
    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.  The company's ability to have its stock traded on
the Nasdaq market depends on its ability to overturn the decision of the
Nasdaq Qualifications Panel, which de-listed the company's stock.  The company
has filed its appeal from the panel's decision to the Nasdaq Listing and
Hearing Review Council and is awaiting a decision.  Other risks and
uncertainties include but are not limited to, the effectiveness of cost
containment measures and 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 cash flow 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.