[October 23, 2008]

Warrantech Announces Contract with Airport Wireless

BEDFORD, Texas --(Business Wire)-- Warrantech Consumer Product Services, a subsidiary of Warrantech Corporation, announced that the company signed a two-year contract with Airport Wireless(R) and Techshowcase(TM), a successful mobile electronics retailer, to provide extended service coverage on the company's extensive line of cellular telephone and mobile electronic products. Beginning this month, Warrantech's Exchange Program, and Warrantech's Exchange ADH plan will be available to all Airport Wireless and Techshowcase customers.

As the world's leading independent provider of extended service agreements and warranty products, Warrantech's renowned Exchange Program will be sold to Airport Wireless and Techshowcase customers to protect product purchases in the event of failure following the expiration of the manufacturer's warranty. For customers that want additional coverage, Warrantech's Exchange ADH Program is available to cover products that fail due to accidental damage or handling caused by the consumer.

"We are pleased to have the opportunity to work with a well-known and growing company like Airport Wireless and Techshowcase," said Joel San Antonio, CEO of Warrantech Corporation. "Today consumers are dependent on a number of mobile devices for business and personal use, and Airport Wireless wanted to have Warrantech's high-rated extended service plans coverage to give their customers peace of mind knowing that their device is protected in the event of failure or accidental breakage."

Known for selling wireless phones, accessories and other electronic equipment in 35 airports around the United States, Airport Wireless is a successful retailer with large in-line stores. The company's latest venture, Techshowcase also offers interactive displays of technology products for travelers in major airports throughout the country.

"At Airport Wireless/Techshowcase, we are always looking for ways to give our customers the best products and service," said Michael Goldschmidt, executive vice president of Airport Wireless/Techshowcase. "Satisfied customers mean repeat business, and we wanted a partner that can keep pace with our fast growth. After examining other extended service programs, we chose Warrantech because of the company's stellar reputation providing fast, efficient customer service."

About Airport Wireless/Techshowcase:

Airport Wireless began selling wireless phones and accessories from a small merchandise cart in 1997 in Terminal B of the Philadelphia International Airport. In 2002 new locations opened in Philadelphia, Cleveland-Hopkins and Newark Liberty International Airports. In 2003, Airport Wireless signed an exclusive agreement to operate Palm's airport locations. Airport Wireless has since become a successful retailer with large in-line stores. Currently, there are 35 Airport Wireless and Techshowcase airport stores (the group's latest and most innovative high-technology concept that offer interactive displays of technology products from the world's leading manufactures) serving travelers in major airports around the country. APW Holding, LLC, the parent company of both concepts is a WDBE, or Woman's Disadvantaged Business Enterprise. To learn more, please visit www.airportwireless.com and www.techshowcase.com for additional information.

About Warrantech Corporation:

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. Acquired by H.I.G. Capital in 2007, the company continues to expand its domestic and global penetration, and now provides its services in the United States and Canada. For more information, visit www.warrantech.com.

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