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  Cornerstone and ReSource Group Sign Agreement

Toronto, Ontario - London, Ontario, April 18, 2007: Cornerstone Buyer's Protection Plan, Canada's oldest independent service plan administrator and ReSource Group Canada have signed an exclusive distribution agreement for the national marketing of extended service plans.

ReSource Group Canada is the leading national consumer electronics sales agency and will provide dedicated category management to Cornerstone's warranty programs. Under this new alliance, Cornerstone's home entertainment, appliance and telecommunications warranty programs will be marketed by ReSource Group's sales team across the country.

To coincide with this new venture, Cornerstone is launching a new warranty program, designed to reflect the changing product trends in electronics, appliances and telecommunications while offering retailers more profit opportunities, superior sales support and improved warranty features.

Claus Lenk, ReSource Group's President and founder said that the addition of warranty programs to the top tier products they now offer was a natural extension of their sales solutions for their vendor and retail partners.

“By introducing extended service programs to our retail partners, they can significantly benefit with the additional warranty offering”, Lenk said. “In addition, Cornerstone's extensive underwriting and claims administration experience provides both the retailer and consumer with the best protection plans available.” Lenk added.

“ReSource Group's experience in the consumer electronics industry and their solid relationships with all retailers across Canada are key to the success of our partnership”, said Tim Rodgers, Cornerstone's COO. “Through these relationships and with their sales expertise, ReSource Group Canada will broaden the marketing of our warranties, as well as provide in-store sales and product training support for our dealers.” Rodgers said.

Cornerstone Buyer's Protection Plan has been a leader for over 23 years in warranty administration for retailers, distributors and manufacturers. Their warranty programs are provided on electronics, appliances, telecommunications as well as Powersports, RVs, HVAC and spas.


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