Cendant Corporation Joins Effort to Help Families Save for College

Century 21(R), Coldwell Banker(R) and ERA(R) Franchise Systems Align With

Upromise to Help Provide Families With College Savings Plans



Apr 24, 2001, 01:00 ET from Cendant Corporation

    PARSIPPANY, N.J., April 24 /PRNewswire Interactive News Release/ -- The
 Real Estate Division of Cendant Corporation (NYSE:   CD) today announced an
 alliance with Upromise, creators of a new program that enables Cendant's
 franchised real estate brokerages to help families save for college.
     The CENTURY 21(R), COLDWELL BANKER(R) and ERA(R) brands will join many of
 the nation's leading consumer brands as members of the Upromise network of
 companies, to help families accelerate their savings for college. Consumers
 simply enroll at http://www.upromise.com and, in return, receive a benefit
 from participating companies that contribute a percentage of an enrolled
 family's purchases into a college savings account for their children.  A
 percentage of their spending with Upromise contributing companies is deposited
 into a college savings account.
     "With Upromise, participating CENTURY 21, COLDWELL BANKER and ERA offices
 will become a unique resource, offering customers not only the dream of
 homeownership but the promise of a college education for their children," said
 Bob Moles, president and CEO, Cendant Real Estate Franchise Group. "We're
 proud to be the real estate industry's exclusive Upromise contributing
 company."
     Moles joined Upromise Director and Special Advisor Senator Bill Bradley
 and the organization's founder and CEO Michael Bronner to announce the
 program's launch at a press conference held at Citigroup Center in Manhattan.
     Buyers and sellers will be eligible to have one half of one percent of the
 sales price of a home transacted by a participating CENTURY 21, COLDWELL
 BANKER or ERA franchised brokerage deposited in a Upromise college savings
 account*. Families can multiply Upromise college contributions by building
 their own savings network of parents, grandparents, aunts, uncles and friends,
 all directing their contributions to a child's account. The Upromise service
 is free.
 
     *Assumes an evenly split 6% commission from participating brokers. Actual
      contribution may be higher or lower depending on the commission and/or
      commission split associated with a particular transaction. This program
      is void in AK, IA, KS, KY, LA, MD, MS, MO, NH, NJ, OH, OK, OR, RI, TN,
      and WV and wherever else prohibited. CENTURY 21(R), COLDWELL BANKER(R)
      and ERA(R) are licensed trademarks to Century 21 Real Estate Corporation,
      Coldwell Banker Real Estate Corporation and ERA Franchise Systems, Inc.,
      respectively. Each CENTURY 21, COLDWELL BANKER and ERA office is
      independently owned and operated. Equal Opportunity Companies. Equal
      Housing Opportunity. This program is not available in all states.
 
     About Cendant Corporation
     Cendant Corporation is a diversified global provider of business and
 consumer services primarily within the real estate and travel sectors. The
 Company's fee-for-service businesses include hotel, real estate and tax
 preparation franchising; rental cars, fleet leasing and fuel cards; mortgage
 origination and employee relocation; customer loyalty programs; vacation
 exchange and rental services and vacation interval sales. Other businesses
 include the UK's largest private car park operator and electronic reservations
 processing for the travel industry. With headquarters in New York City, the
 Company has approximately 60,000 employees and operates in over 100 countries.
 More information about Cendant, its companies, brands and current SEC filings
 may be obtained by calling 877-4INFO-CD (877-446-3623) or by visiting the
 Company's Web site at http://www.Cendant.com.
 
     About Upromise
     Upromise, Inc. is a college savings accelerator that helps families create
 their own college savings network with trusted companies and their extended
 family and friends.  The free Upromise service also makes it easy for families
 to invest their savings in professionally managed, tax-advantaged college
 savings accounts.  The Upromise Education Foundation, an affiliated non-profit
 entity, will help lower-income students make it to college, realize their
 potential and earn a degree. Upromise is located in Brookline, Mass. For more
 information, visit http://www.upromise.com or call 617-582-1400.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X95175249
 
 

SOURCE Cendant Corporation
    PARSIPPANY, N.J., April 24 /PRNewswire Interactive News Release/ -- The
 Real Estate Division of Cendant Corporation (NYSE:   CD) today announced an
 alliance with Upromise, creators of a new program that enables Cendant's
 franchised real estate brokerages to help families save for college.
     The CENTURY 21(R), COLDWELL BANKER(R) and ERA(R) brands will join many of
 the nation's leading consumer brands as members of the Upromise network of
 companies, to help families accelerate their savings for college. Consumers
 simply enroll at http://www.upromise.com and, in return, receive a benefit
 from participating companies that contribute a percentage of an enrolled
 family's purchases into a college savings account for their children.  A
 percentage of their spending with Upromise contributing companies is deposited
 into a college savings account.
     "With Upromise, participating CENTURY 21, COLDWELL BANKER and ERA offices
 will become a unique resource, offering customers not only the dream of
 homeownership but the promise of a college education for their children," said
 Bob Moles, president and CEO, Cendant Real Estate Franchise Group. "We're
 proud to be the real estate industry's exclusive Upromise contributing
 company."
     Moles joined Upromise Director and Special Advisor Senator Bill Bradley
 and the organization's founder and CEO Michael Bronner to announce the
 program's launch at a press conference held at Citigroup Center in Manhattan.
     Buyers and sellers will be eligible to have one half of one percent of the
 sales price of a home transacted by a participating CENTURY 21, COLDWELL
 BANKER or ERA franchised brokerage deposited in a Upromise college savings
 account*. Families can multiply Upromise college contributions by building
 their own savings network of parents, grandparents, aunts, uncles and friends,
 all directing their contributions to a child's account. The Upromise service
 is free.
 
     *Assumes an evenly split 6% commission from participating brokers. Actual
      contribution may be higher or lower depending on the commission and/or
      commission split associated with a particular transaction. This program
      is void in AK, IA, KS, KY, LA, MD, MS, MO, NH, NJ, OH, OK, OR, RI, TN,
      and WV and wherever else prohibited. CENTURY 21(R), COLDWELL BANKER(R)
      and ERA(R) are licensed trademarks to Century 21 Real Estate Corporation,
      Coldwell Banker Real Estate Corporation and ERA Franchise Systems, Inc.,
      respectively. Each CENTURY 21, COLDWELL BANKER and ERA office is
      independently owned and operated. Equal Opportunity Companies. Equal
      Housing Opportunity. This program is not available in all states.
 
     About Cendant Corporation
     Cendant Corporation is a diversified global provider of business and
 consumer services primarily within the real estate and travel sectors. The
 Company's fee-for-service businesses include hotel, real estate and tax
 preparation franchising; rental cars, fleet leasing and fuel cards; mortgage
 origination and employee relocation; customer loyalty programs; vacation
 exchange and rental services and vacation interval sales. Other businesses
 include the UK's largest private car park operator and electronic reservations
 processing for the travel industry. With headquarters in New York City, the
 Company has approximately 60,000 employees and operates in over 100 countries.
 More information about Cendant, its companies, brands and current SEC filings
 may be obtained by calling 877-4INFO-CD (877-446-3623) or by visiting the
 Company's Web site at http://www.Cendant.com.
 
     About Upromise
     Upromise, Inc. is a college savings accelerator that helps families create
 their own college savings network with trusted companies and their extended
 family and friends.  The free Upromise service also makes it easy for families
 to invest their savings in professionally managed, tax-advantaged college
 savings accounts.  The Upromise Education Foundation, an affiliated non-profit
 entity, will help lower-income students make it to college, realize their
 potential and earn a degree. Upromise is located in Brookline, Mass. For more
 information, visit http://www.upromise.com or call 617-582-1400.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X95175249
 
 SOURCE  Cendant Corporation