Cendant Real Estate Brands Among Nation's Top Names in Franchising

"We're proud that our brands are recognized among the premier names in the franchise industry,"" said Bob Moles, president and CEO, Cendant Real Estate Franchise Group. "Recognition like this supports our view that the value of affiliating with a real estate leader cannot be ignored: it is especially important for brokerages at a time when the softening market makes increasing profitability more difficult." Moles said.

The Franchise Times
January 7, 2002

Cendant Real Estate Brands Among Nation's Top Names in Franchising

PR Newswire - USA; Jan 7, 2002

Cendant-affiliated residential real estate brands — Century 21, Coldwell Banker and ERA — are the top three real estate franchise networks and among the top franchises across all industries, according to Franchise Times, a national trade magazine.

Of the Top 200 franchises listed, Century 21, Coldwell Banker and ERA were the only national real estate franchise networks to appear on the list. Primarily fast-food leaders, including McDonald's (1), Burger King (5), KFC (6), Pizza Hut (4) and Taco Bell (11) occupy the list's top positions. Overall, all three Cendant-affiliated real estate brands ranked among the top 100 franchises in the nation by units (domestic and foreign, combined) and worldwide sales.

"We're proud that our brands are recognized among the premier names in the franchise industry," said Bob Moles, president and CEO, Cendant Real Estate Franchise Group. "Recognition like this supports our view that the value of affiliating with a real estate leader cannot be ignored: it is especially important for brokerages at a time when the softening market makes increasing profitability more difficult." Moles said.

The "Top 200 Franchise Chains" is an annual ranking by Franchise Times, the news and information source for the franchising industry. The publication considers worldwide sales, as well as domestic and foreign units in compiling its list.

About the Real Estate Division of Cendant Corporation

Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately 60,000 employees, New York City-based Cendant provides these services to businesses and consumer in over 100 countries. Its Real Estate Division consists of the Real Estate Franchise Group, representing more than 12,000 residential and commercial franchised real estate offices and more than 200,000 sales associates affiliated with the Century 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R) and ERA(R) systems; Cendant Mobility, a global leader in corporate and government employee relocation with over 2,000 corporate clients; and Cendant Mortgage, one of the nation's largest retail mortgage originators.

More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's Web site at http://www.cendant.com/ or by calling 877-4INFO-CD (877-446-3623).

Contact: Angela Deane of Cendant Corporation, +1-973-496-7425, moc.tnadnec|enaed.alegna#moc.tnadnec|enaed.alegna

Website: http://www.cendant.com/


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