Warrantech Corporation, a service contract and extended warranty provider, announced June 6 that it has signed a professional services agreement with Visions, an electronics retailer in Western Canada.

Warrantech's Canadian subsidiary, RepairMaster Canada, signed a three-year agreement to provide Visions with marketing services through Warrantech Direct. Under the terms of the agreement, Warrantech Direct will use direct mail and telemarketing campaigns to reach the Visions customer base to offer service contract, product replacement and renewal coverage on consumer electronics purchases. Initially, Warrantech Direct will be marketing to a customer base worth more than $113 million ($170 million Canadian) in consumer electronic sales.

"Our goal is to help companies find creative ways to reach their customers. As a recognized leader in consumer merchandizing, we are proud that Visions selected Warrantech as a marketing partner," said Joel San Antonio, chairman and chief executive officer of Warrantech. "Through the Warrantech Direct program, Visions can take advantage of new marketing opportunities to better serve their customer base and increase revenue."

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.

About Visions

Visions is a privately owned, Alberta-based corporation in the business of providing consumer and business electronics via retail stores. Visions also provides home theatre, satellite, and home security installations. In addition to its retail operation, Visions expanded into the wholesale market with its Commercial and Insurance Replacement Division. Today, Visions has 26 stores across Western Canada. The corporate head office and central distribution center are both located in Calgary.