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For Immediate Release
SatisFusion Announces Strategic Merger
Long Beach, Calif. - December 27, 2002 - SatisFusion, a leading provider
of Post-Sales Consumer Relationship Management Solutions today announced it
has merged with a subsidiary of Warranty Corporation of America (WaCA), the
largest independent extended service contract administrator in the United
States. With the merger, SatisFusion is now a WaCA company.
"This is a great day for our organization, our customers and our associates"
stated Fay Wood, Founder and Chairman of SatisFusion. "WaCA is a powerhouse
in the retail ESP and technical support services arenas, with international
reach into Canada and South America. By combining SatisFusion's award-winning
consumer manufacturer offerings with WaCA's ESP and technical support services
- the whole package is much greater than the sum of its parts. Our customers
will benefit as well as the industries we serve" Wood added.
"For WaCA, the merger is a strategic move intended to provide even
greater solutions to the consumer products manufacturers channel. SatisFusion
offers tremendous pre and post sales consumer related services that really
can make a difference to the manufacturer in driving brand loyalty."
said Bill York, EVP of Marketing and Sales for Warranty Corporation of America.
About SatisFusion
SatisFusion provides technology-enabled services to consumer products manufacturers
that deliver long-term, profitable relationships directly with their consumers.
Manufacturers profit from increased revenue, improved customer service and
reduced operating expense through the use of SatisFusion's solutions. Whether
branded accessories, extended warranties, product registration or one of our
many other solutions, we turn product buyers into lifelong customers. Headquartered
in Long Beach, Calif., SatisFusion also has offices in Peoria, Ill., and employs
more than 100 people. SatisFusion can be reached toll-free at (877) 542-1700
or on the Web at www.satisfusion.com.
About Warranty Corporation of America
Founded in 1985, Warranty Corporation of America provides extended service
contracts to some of the largest retailers, OEMs and distributors in the United
States. In addition to computers and electronics, WaCA offers service contracts
on homes, appliances, land and cell telephones, lawn and garden equipment,
home office equipment and HVAC. WaCA's continued success is built upon offering
the highest quality service to our customers and creating lasting relationships
with all of our insurers and business partners. WaCA processes in excess of
5,000,000 contracts each month and provides best-in-its class customer service,
repair service and technology innovation.
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