Worldwide TechServices to Offer Warrantech Service Contracts on Certified Out of Warranty Flat Panel TVs 

Bedford, Texas,  June 1, 2010 - Warrantech Consumer Product Services, Inc. (WCPS), a leading independent provider of service contracts and after-market warranties on consumer electronic products and home appliances, announced a new agreement with Worldwide TechServices. Based in Tewksbury, Mass., Worldwide TechServices is a global leader in delivering services and solutions on a variety of electronic products. 

Another first for Warrantech, this unique contract allows an independent repair company to sell extended service plans (ESPs) on products that are out of warranty.  This agreement will now enable Worldwide TechServices to sell Warrantech-backed extended service plans on out-of-warranty flat panel TVs that the company has serviced and certified to be in good working condition.  Warrantech will administer the new program, and provide a number of multi-year coverage options on all qualifying TVs. 

“As the newest addition to Warrantech’s rapidly expanding list of clients, this is an exciting opportunity,” said Joel San Antonio, CEO and president of Warrantech Corporation, the parent company of WCPS.  “With more than 3,000 employees working in 50 countries, Worldwide TechServices repairs and maintains in excess of three million PC, printers, servers, satellites and LCDs each year.  Putting an independent company like Worldwide TechServices in a position to sell ESPs to a new market segment is a tremendous opportunity for Warrantech, and we are pleased to put our marketing and technological muscle behind an organization that is making such a big impact on the service industry.”

“Warrantech is an A-rated provider with an outstanding reputation, and we recognize the value that an ESP offers our customers in terms of cost savings and service,” said Wes Oldenburg, vice president sales and client management for Worldwide TechServices.  “Our service technicians make more than 9,000 service calls every day, providing customers with the highest levels of responsiveness, technical expertise and professionalism around the world.  Along with Warrantech, we’re committed to evolving our services to support the rapidly advancing consumer electronics industry, making this partnership a win-win for both us and our customers.”

“We constantly strive to create and implement specialized programs to help our clients better service their customers,” San Antonio noted.  “Our ability to get new coverage to market quickly is one of the reasons Warrantech continues to dominate the service contract industry, and the record growth of our client base proves it.  Since 2009, more than 1,800 new dealers signed and began selling Warrantech’s extended service plans,” he added.

About Worldwide TechServices

Worldwide TechServices is the global leader in delivering technology services and solutions.  The company provides infrastructure and professional services to the world’s leading technology providers, outsourcers, enterprises, small businesses and consumers. Over 3,000 employees service more than 3 million PCs, printers, servers, satellites and LCDs each year in over 50 countries. For more information, please visit www.wwts.com

About Warrantech Corporation

Based in Bedford, Texas, Warrantech specializes in the administration and marketing of service contracts and after-market warranties on consumer electronics, computer and computer peripherals, jewelry, furniture, appliances, homes, automobiles, automotive components, and recreational vehicles, for retailers, distributors, internet providers 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.

Contact: Liz Shulof

T: 617-275-6522