Warrantech Automotive Teams with DealerTrack; Company Joins Industry's First Web-Based Aftermarket Network.BEDFORD, Texas Bedford is a suburban city located in northeast Tarrant County, Texas in the "mid-cities" area between Dallas and Fort Worth. The population was 48,390 as of a 2005 census estimate. Bedford is part of the Hurst-Euless-Bedford Independent School District. -- Warrantech Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :WTEC WTEC World Technology Evaluation Center ), a leading independent provider of service contracts and after-market warranties, has become a member of the DealerTrack Aftermarket Network(TM) -- the first Web-based contract rating and quote generation portal in the automotive aftermarket industry. The Network gives dealers access to real-time information on aftermarket vendor products such as extended service contracts, GAP insurance, vehicle recovery systems among other services. By affiliating with the Aftermarket Network, Warrantech has an added advantage in marketing RepairMaster, the company's state-of-the-art automobile protection program, and other products to a vast group of more than 21,000 automotive dealers who subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the DealerTrack system. "Warrantech's association with the Aftermarket Network opens the doors to a vast untapped dealer network," said Chris Ford Christopher Joseph Ford (born January 11, 1949 in Atlantic City, New Jersey, USA) is a former professional basketball player and head coach. A 6' 5" (1.96 m) guard from Villanova University, he played ten seasons (1972-1982) in the NBA as a member of the Detroit Pistons and Boston , president of Warrantech's automotive division. "Warrantech's solid reputation, strong awareness of the RepairMaster(TM) brand, and a loyal customer following will benefit all network-affiliated parties -- Warrantech, DealerTrack, other vendor associates, and customers alike. We are extremely gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to be associated with the DealerTrack Aftermarket Network." David Trinder, president of DealerTrack Aftermarket Services, Inc., said, "Providing a forum to showcase top-quality automotive vendors is one of the goals of the Aftermarket Network. We are pleased that Warrantech has agreed to become a member of the DealerTrack Team. By joining the network, Warrantech can offer RepairMaster and other products to dealers across the country. Like other vendors, Warrantech will be able to further increase market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , reduce administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and drive up customer satisfaction." About DealerTrack Aftermarket Services, Inc. DealerTrack Aftermarket Services is a subsidiary of DealerTrack Holdings, Inc. (Nasdaq:TRAK TRAK Track TRAK Technology to Recover Abducted Kids (system to help law enforcement agencies) ). DealerTrack Aftermarket Services is a leading provider of aftermarket product sales and administration solutions. DealerTrack's eMenu and Aftermarket Network streamline the process of pricing, presenting and processing aftermarket products for automotive retailers. DealerTrack's technology solutions improve workflow processes for aftermarket providers, including insurance companies, third-party administrators (TPAs) who underwrite, price, administer, manage and sell vehicle service agreements, GAP coverage, theft deterrent devices, credit life insurance and other aftermarket products. DealerTrack is a leading provider of on-demand software See SaaS. and data solutions for the automotive retail industry in the United States. DealerTrack utilizes the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as the major credit reporting agencies. DealerTrack has established a network of active relationships with over 21,000 automotive dealers, including over 80% of all franchised dealers; over 200 financing sources, including the 20 largest independent financing sources in the United States and nine captive financing sources; and a number of other service and information providers to the automotive retail industry. DealerTrack's credit application processing product enables dealers to automate and accelerate the indirect automotive financing process by increasing the speed of communications between these dealers and their financing sources. DealerTrack's integrated subscription-based software products and services enable automotive dealer customers to receive valuable consumer leads, compare various financing and leasing options and programs, sell insurance and other aftermarket products, document compliance with certain laws and execute financing contracts electronically. For additional information on DealerTrack, access www.dealertrack.com. 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. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward-looking statements that are subject to risks and uncertainties. Other risks and uncertainties include but are not limited to, the effectiveness of cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. measures and the continuation of current levels of business activity, the impact of competitive products, product demand and market-acceptance risks, reliance on key strategic alliances, fluctuations in operating results and cash flow and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. These risks could cause the company's actual results for the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. |
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