SOURCE: Alexandria Advantage Warranty Co.

March 20, 2015 09:00 ET

Alexandria Advantage Warranty Company Signs Option Agreement to Acquire Engine Related Intellectual Property

LOS ANGELES, CA--(Marketwired - Mar 20, 2015) - Alexandria Advantage Warranty Company (OTC PINK: AAWC) is announcing today that, in furtherance to a previous press release dated November 3, 2014, the Company has signed an option agreement to purchase the assets, mainly a portfolio of intellectual property that has been developed and maintained for the last decade, from a Nevada corporation.

 The option agreement summarizes that both parties to the original letter of intent, which had expired, has been completed, and both entities desire to complete the acquisition. The option agreement required a cash payment from the Company within a defined period. As of the date of this press release, the Company has made its first of four payments due to the Nevada corporation as required under the agreement.

When it comes to looking for a new or used car extended warranty, consumers want nothing more than the most inexpensive but suitable coverage for their vehicle. AAWC will have a number of available product options that will definitively meet our customers' needs. The extended service contract industry is very competitive but our management's focus will be to ensure the best rates and the best quality coverage to our customers.

About Alexandria Advantage Warranty Company

Alexandria Advantage Warranty Company (OTC PINK: AAWC) is a provider of new and used car warranties to independent and franchised car dealers and their customers. The Company is a Colorado company in good standing.

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For additional information, please contact Shareholder Services at: (310) 953-9680.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this press release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

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