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Interstate National Dealer Services Plans to Buy Back Shares

20 April 2000

Interstate National Dealer Services, Inc. Announces Plans to Buy Back Up to 500,000 of Its Outstanding Shares

    MITCHEL FIELD, N.Y.--April 19, 2000--Interstate National Dealer Services, Inc. (NASDAQ: ISTN) today announced that its board of directors has authorized the repurchase of up to 500,000 of the 4.7 million shares outstanding.
    Interstate said the repurchase will be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock.
    Interstate Chairman and CEO Chester Luby stated, "Interstate's board of directors believe that the current price of the company's stock is undervalued especially considering the consistently superior performance the company continues to report. With over $16 million in free cash available, the purchase of 500,000 would not be detrimental to Interstate's ability to continue its steady growth."
    Interstate is a leading nationwide provider of service contracts and extended warranties, primarily for new and used cars and recreational vehicles, as well as watercraft, manufactured housing, motorcycles and other power sport vehicles. Please visit our websites: http://www.inds.com for information on the Company and http://www.uautobid.com for the most comprehensive listing on the Internet of everything auto-related.

    This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission on December 23, 1996.