Warrantech Promotes David Workman to President of Consumer Product Services; Industry Veteran to Drive Growth in Consumer Sales

Warrantech Corporation (OTC:WTEC), a leading independent
provider of service contracts and after-market warranties appointed
David J. Workman president of the company's consumer product services
division, effective November 10.
   In addition to his leadership duties, Workman will be responsible
for developing new distribution channels, expanding relationships with
retailers, and increasing sales within Warrantech's customer base
throughout the United States, Canada and Puerto Rico.
   "David Workman is an expert in retail," said Joel San Antonio,
chairman and CEO of Warrantech Corporation. "Since joining Warrantech
in July, Workman has already generated a significant amount of new
interest and has designed some very innovative programs which have
been well accepted in the market. David's in-depth knowledge of the
consumer electronics business, coupled with an unparalleled number of
industry contacts who are intimately familiar with retail acumen,
makes us confident that Warrantech's consumer division will grow and
prosper under his direction."
   "Sales of electronic products are accelerating at an unprecedented
pace," said Workman. "Consumers want reliable products backed by
stellar service. Retailers strive to exceed these expectations, and
maintain profits. With Warrantech, each group wins. Consumers have
access to warranties that guarantee reliable service on product
purchases, and retailers get return business from satisfied customers,
while generating additional income. Once retailers understand this
powerful dynamic, I'm confident the growth in the consumer products
services division will progress."
   David Workman, 49, is a recognized leader in consumer electronics
with more than 27 years of sales and executive management experience.
Prior to his promotion, Workman was senior vice president in charge of
consumer products marketing. Prior to joining Warrantech, Workman was
president and CEO of Ultimate Electronics. Dave also was part owner in
a company called Dakota Sight and Sound. In addition to his work at
Warrantech, he acts as a sector consultant for consumer electronics
for Gerson Lehrman, an advisory council located in New York. Dave
attended Black Hills State College in South Dakota.

   About Warrantech:

   Warrantech Corporation 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, Puerto Rico and Latin America. For additional information on
Warrantech, access www.warrantech.com.

   "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. 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.