ORVILLE’S HOME APPLIANCES SIGNS TWO-YEAR CONTRACT WITH WARRANTECH

Large Retailer in Western New York Offers Warrantech Preferred
Service Contracts on Home Appliances

BEDFORD, Texas – Feb. 22, 2007 - Warrantech Corporation, a leading independent provider of service contracts and after-market warranties announced that a two-year year agreement has been signed with Orville’s Home Appliances, a large regional appliance retailer based in Lancaster, N.Y. The terms of the contract call for Orville’s to offer service contracts to their customers on any appliance purchase, starting February 1.

Family-owned and operated since 1965, Orville’s Home Appliances is a member of the prestigious Marta Buying Group, and is ranked #35 by Twice Magazine as one of the Top 100 appliance dealers in 2006. Today, Orville’s has a 50,000 square foot warehouse and two 11,000 square foot showrooms with more than 10,000 major home appliances on display. With such a large inventory, Orville’s guarantees next day local delivery, and lower prices than the competition.

“For customer-oriented businesses like Orville’s, offering full service warranties on appliance purchases is one way specialty retailers can compete effectively against the ‘big box’ stores,” said Sean Hicks, president of Warrantech Consumer Products. “Orville’s has developed a loyal customer base over the years, and Warrantech’s preferred service contracts helps increase customer satisfaction by protecting product purchases in the event of breakage or failure. Plus, the incremental revenue generated through the sale of service contracts makes a significant contribution to the retailer’s bottom line.”

“Fair prices, quality merchandise and customer service is how we built our business,” said Michael Reali, president of Orville’s Home Appliances, Inc. “With the advanced electronics found in many home appliances in the market today, our customers want reliability – without the worry of expensive repairs should a malfunction occur. With a Warrantech service contract, our customers are protected by the best coverage in the industry.”
 

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ABOUT ORVILLE’S HOME APPLIANCES, INC.:
Headquartered in Lancaster, N.Y., Orville’s Home Appliances has been family-owned and operated since 1965. Recognized as one of the top 100 appliance dealers in the United States by TWICE Magazine, Orville’s is the largest independent appliance retailer in Western New York. Known for fast delivery, quick service, and low, value pricing, Orville’s maintains a large inventory in excess of 10,000 appliances sold out of three locations. For additional information on Orville’s Home Appliances, Inc., go to www.orvilles.com.

ABOUT WARRANTECH CORPORATION:
Warrantech Corporation administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computers and computer peripherals for retailers, distributors and manufacturers. The Company continues to expand its domestic and global reach, and now provides its services in the United States, Canada, Puerto Rico and Latin America. For additional information on Warrantech, go to www.warrantech.com.
 

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