Warrantech Promotes David Workman to President of Consumer Product Services; Industry Veteran to Drive Growth in Consumer Sales
15 November 2005 - 8:10AM
Business Wire
Warrantech Corporation (OTC:WTEC), a leading independent provider
of service contracts and after-market warranties appointed David J.
Workman president of the company's consumer product services
division, effective November 10. In addition to his leadership
duties, Workman will be responsible for developing new distribution
channels, expanding relationships with retailers, and increasing
sales within Warrantech's customer base throughout the United
States, Canada and Puerto Rico. "David Workman is an expert in
retail," said Joel San Antonio, chairman and CEO of Warrantech
Corporation. "Since joining Warrantech in July, Workman has already
generated a significant amount of new interest and has designed
some very innovative programs which have been well accepted in the
market. David's in-depth knowledge of the consumer electronics
business, coupled with an unparalleled number of industry contacts
who are intimately familiar with retail acumen, makes us confident
that Warrantech's consumer division will grow and prosper under his
direction." "Sales of electronic products are accelerating at an
unprecedented pace," said Workman. "Consumers want reliable
products backed by stellar service. Retailers strive to exceed
these expectations, and maintain profits. With Warrantech, each
group wins. Consumers have access to warranties that guarantee
reliable service on product purchases, and retailers get return
business from satisfied customers, while generating additional
income. Once retailers understand this powerful dynamic, I'm
confident the growth in the consumer products services division
will progress." David Workman, 49, is a recognized leader in
consumer electronics with more than 27 years of sales and executive
management experience. Prior to his promotion, Workman was senior
vice president in charge of consumer products marketing. Prior to
joining Warrantech, Workman was president and CEO of Ultimate
Electronics. Dave also was part owner in a company called Dakota
Sight and Sound. In addition to his work at Warrantech, he acts as
a sector consultant for consumer electronics for Gerson Lehrman, an
advisory council located in New York. Dave attended Black Hills
State College in South Dakota. 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"
statement under the Private Securities Litigation Reform Act 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 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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