Warrantech

Corporation a marketer and

administrator of service contracts and extended warranties for

automobiles, recreational vehicles, home appliances, consumer

electronics, televisions, computers, home office equipment and other

consumer products, has announced that key executives have been hired

to manage operations in Warrantech's Consumer Products Division and in

Latin America.

Following a three-year period of restructuring, Warrantech says it is

staging a comeback. Now Warrantech has started to expand

operations in two key markets: Consumer Products and Latin America.

New staff is needed to manage the growth in both divisions.

James Burton (Burt) Shaw II has been appointed executive vice

president - Warrantech Consumer Product Services for the United States

and Canada. Mr. Shaw is a 21-year veteran of the extended warranty

industry. Well known within the industry, Shaw has served in various

capacities for leading retailers and third-party warranty providers

for a number of years.

As an international company, Warrantech has also been expanding in

strategic markets throughout South America. Marli Padovani, an

experienced manager with more than 15 years experience in the

electronics and warranty industries, has been appointed managing

director for Latin America. Residing in Brazil, Padovani will be

responsible for developing new business in the region.

"Warrantech strives to maintain a leadership position in all our

operating divisions, particularly in Consumer Products and in Latin

America," said Joel San Antonio, chairman and CEO of Warrantech.

"Dedicated management and staff is the reason Warrantech has been so

successful. We are fortunate to have people like Burt Shaw and Marli

Padovani join the company. Warrantech's reputation as a leader in the

service contract and extended warranty industry helps us attract the

kind of managerial talent that has the ability to develop innovative

products and services and take them to market faster than anyone else

in the industry."

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.