Warrantech Corporation, a service contract and extended warranty provider, announced Feb. 11 that Warrantech Peru S.R.L., a subsidiary of Warrantech International, Inc., has signed a three-year agreement with Mavila Hnos.

Under the agreement, Mavila will offer point-of-sale service contracts on all consumer electronic products and appliances, which Warrantech Peru S.R.L. will administer.

With this agreement, Mavila joins falabella, Ripley, Tiendas EFE and Electrosave, which represent the majority of the largest retail chains in Peru that use Warrantech Peru to provide service contract administration for their customers.

Mavila Hnos. was founded in 1951. Mavila introduced the Yamaha (Japan) and Piaggio (Italy) brands in Peru. In addition to motorcycles and three-wheeled vehicles, Mavila sells a complete range of electric generators, stationary engines, outboard engines for boats, and home appliances.

Today, Mavila operates 21 stores in 12 cities. Currently, nine stores offer home appliances. In addition to in-store sales, they are also promoting e-commerce transactions via their web site at www.mavila.com.pe.

Warrantech International's Managing Director, Jorge Joison said, "The addition of Mavila in Peru follows on the heels of our success in becoming the market leader of warranties in Peru and Chile and is further evidence of the execution of our expansion strategy for Latin America."

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.