Investrend Research Announces Investment Opinion on Warrantech Corporation.Business Editors
NOTE TO EDITORS: The following is an investment opinion issued by
Investrend Communications, Inc.
NEW YORK--(BUSINESS WIRE)--Sept. 5, 2000
Investrend Research will initiate research coverage of Warrantech Corporation (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). : WTEC WTEC World Technology Evaluation Center ), a leading supplier of service contracts and extended warranties on automotive and consumer products. Richard W. West Richard W. West was the mayor of Newport News, Virginia from 1932 to 1936.
Harry Reyner Mayor of Newport News
1932–1936 Succeeded by
B. G. James , CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. to provide the Investrend analyst coverage.
Analyst coverage for Warrantech Corporation (OTCBB: WTEC) will be initiated immediately by Richard W. West, CFA, for Investrend's Public Analysis & Review (PAR), the professional independent analyst continuing research program. When issued, the report will be available at Investrend's site, www.investrend.com, as well as from other leading investment portals.
With revenues last year exceeding $100 million, Warrantech is a leader and innovator in the field of service contracts. The coverage programs developed and administered by Warrantech for its customers enable Warrantech's business clients to provide a value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to their customers and to earn much need incremental revenue on their sales.
Warrantech has three major business segments: automotive, consumer products, and international. Its automotive and consumer products service contracts are exclusively in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Its automotive segment markets extended warranties, that are sold principally by independent and franchised automobile dealers, leasing companies, repair facilities, retail stores, and financial institutions. The contracts cover automobiles, light trucks, recreational vehicles, and automotive components. Its consumer products segment covers service contracts on household appliances, consumer electronics, computers and peripherals, and major mechanical systems within homes. The contracts are primarily sold by retailers, distributors, manufacturers, utilities, and financial institutions.
International covers service contracts on a similar range of products in the United Kingdom, Central and South America, Puerto Rico, and the Caribbean.
Richard W. West, CFA, has a range of experience extending over 40 years in securities analysis and investment management. Following three years with Stein Bros BROS Brothers
BROS Benefits and Retirement Operations Section (King County, Washington)
BROS Barnes and Richmond Operatic Society (London, UK) . & Boyce, he moved in the early 1970's to Delaware Management and, from 1974 to 1983, with Brittingham, Inc. where his responsibilities included management of the U.S. portfolio of the Nobel Foundation, one of the premier growth portfolios of its time. Mr. West formed an investment management and research firm, in the mid-1980's specializing in small-cap growth stock analysis and investment publishing, following which he served as research director with Gaines Berland, an investment firm specializing primarily in growth stocks and special situations. Mr. West is a graduate of the Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli.
Address: Philadelphia, PA, USA. .
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