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Warrantech Says It Will No Longer Administer Universal Auto Care Program in Puerto Rico

November 3, 2003

Warrantech Caribbean Ltd., a subsidiary of Warrantech Corp., an independent provider of service contracts and after-market warranties, announced Nov. 3 that effective immediately it will no longer administer the Universal Auto Care Program in Puerto Rico.

The company, however, said it "remains committed to the automotive industry in Puerto Rico" and that it plans to unveil its branded program in 2004.

In addition to automotive programs, for almost 10 years Warrantech Caribbean Ltd. has also provided extended warranty programs to many of Puerto Rico’s leading retailers of electronics, appliances, computers and air conditioners.

Warrantech Caribbean Ltd. is part of Warrantech’s international segment, which markets and administers service contracts and extended warranties on a similar range of products abroad. It operates in Central and South America, Puerto Rico and the Caribbean.

About Warrantech

Warrantech Corp. administers and markets service contracts and aftermarket warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computer and computer peripherals for retailers, distributors and manufacturers.

The company now provides its services in the United States, Canada, Puerto Rico and Latin America.

For additional information on Warrantech, visit www.warrantech.com.

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