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Press Release

Oct 28, 2002

Warrantybynet Renews Agreement with Yahoo! Autos to Continue Savings for Savvy Automobile Owners

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Warrantybynet Renews Agreement with Yahoo! Autos to Continue Savings for Savvy Automobile OwnersBrick, NJ -- October 28, 2002 -- Warrantybynet, (http://www.warrantybynet.com) a leading online provider of direct-to-the-consumer extended automobile warranties for 50 different makes of new and pre-owned vehicles, today announced a continued relationship with Yahoo!® Autos (http://autos.yahoo.com), a popular online destination for buying and selling new and used vehicles, to provide consumers with extended warranty options online, potentially saving them hundreds of dollars.

The agreement provides time and cost-saving options to consumers by allowing them to purchase extended warranties online at Yahoo! Autos. According to the Center for Debt Management™, transportation costs rank as the third highest consumer expenditure - behind housing and food - resulting in automobile owners turning to the Internet to seek out savings on their extended warranties.

"Today's savvy consumers are realizing that purchasing an extended warranty online and direct from the source is a great way to save time and money. This agreement with Yahoo! Autos will help us extend this offering online to millions of consumers," said Evan Gartenberg, director of business development, of Warrantybynet. "In today's economy, price is an even larger consideration for consumers, and we can offer significant savings with the click of a mouse."

At Warrantybynet, consumers find savings backed by quality. Warrantybynet is the Internet marketing arm of Automobile Protection Plan, Inc., an offline provider of extended warranty programs since 1994. Offering both excellence and convenience, all Warrantybynet programs are fully reinsured by companies rated A++ (Superior) by A.M. Best and Co., and all claims are paid directly to the repair facility of the customer's choice. Warrantybynet's current offerings include:

  • Coverage for parts and labor on covered repairs, as well as "wear and tear" and "seals and gaskets" coverage.
  • A variety of coverage plans for new and used cars with up to 80,000 miles on the odometer.
  • Emergency 24-hour roadside assistance - including towing, battery, flat tire and emergency lockout assistance at no additional cost for all warranty holders.
  • Plus, all Warrantybynet service agreements come with a 100-percent, 30-day money back guarantee.

"Commuting is expensive enough, without costly repairs tacked on," said Gartenberg. "Drivers looking for the peace of mind that comes with knowing their car's repairs will be carried out and paid for in a timely, efficient manner, are finding that reassurance at Warrantybynet."

Free, no-obligation estimates are available online in Yahoo! Autos' car warranties section at

http://autos.yahoo.com/warranty/warranty.html

About Warrantybynet:
Warrantybynet, one of the largest and most financially stable extended warranty companies on the Internet serving several hundred thousand customers, currently offers direct-to-the-consumer coverage for 50 different makes or of new and pre-owned cars, trucks, vans, motorcycles and sports utility vehicles throughout the United States. Warrantybynet is the Internet marketing arm of Automobile Protection Plan, Inc., an offline provider of extended warranty programs since 1994. Offering both excellence and convenience, all Warrantybynet programs are fully reinsured by companies rated A++ (Superior) by A.M. Best and Co., and all claims are paid directly to the repair facility of the customer's choice.

About Yahoo! Autos:
Yahoo! Autos (http://autos.yahoo.com) offers a full suite of comprehensive content, tools and services to help consumers make informed automotive buying and selling decisions. New car buyers can read consumer and expert reviews, get car quotes from local dealers, research models and pricing, compare features, and get access to content from Consumer Reports, Kelley Blue Book and Edmunds.com - all in one location. Used car buyers can browse classified ads or auctions across the United States for the car of their choice. Sellers can post used vehicles for sale on Yahoo! Classifieds. Yahoo! Autos is also a pit stop for parts and accessories guidance and includes a personalized option to track maintenance and service appointments.

About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! reaches more than 237 million individuals worldwide each month, and is the No. 1 Internet brand globally. Headquartered in Sunnyvale, Calif., Yahoo!'s global network includes 25 World properties and is available in 13 languages.

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