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RCI NAMED A FINALIST IN 2006 AMERICAN BUSINESS AWARDSSM

RCI Recognized for Customer Service Program

PARSIPPANY, NJ – May 26, 2006 – RCI, the global leader in vacation exchange, was recently named a Finalist in the Best Customer Service Team category in The 2006 American Business Awards.

Hailed as “the business world’s own Oscars” by the New York Post (April 27, 2005), The American Business Awards are the only national, all-encompassing business awards program honoring great performances in the workplace.

More than 1,500 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories.

RCI was selected as a Finalist for its ongoing survey research project. FAME (Feedback from Automated Member E-mails), which is an automated feedback system that allows RCI’s subscribing members to provide ratings and written comments on RCI’s customer service.

“RCI strives to provide our members with the very best service, and we are honored to be recognized for our commitment to generating feedback from our customers,” said Lea Watts, vice president of RCI North America Member Sales and Services.

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award? winners from among the Finalists. Finalists were chosen by business professionals nationwide during preliminary judging in March through early May.

Nicknamed the Stevies for the Greek word “crowned,” winners will be announced during the annual gala on Monday, June 12 at the Marriott Marquis Hotel in New York City. More than 800 executives from across the U.S.A. are expected to attend. The ceremonies will be videocast on the Internet and broadcast on radio.

“Being named a Finalist in The American Business Awards is an important achievement,” said Michael Gallagher, founder and president of The Stevie Awards. “It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition.”

About RCI
RCI (Resort Condominiums International) is a global provider of leisure travel services to businesses and consumers, and the worldwide leader in vacation exchange. As a growth partner to its business clients, RCI leverages core competencies in exchange/barter networks, business partnering and travel currency to build membership in travel and unlock the value of leisure assets in vacation ownership, real estate, hospitality, travel and tourism, and with affinity groups. RCI is a subsidiary of Cendant Corp. (NYSE: CD), a provider of travel and residential real estate services.

About The Stevie Awards
Hailed as “the business world’s own Oscars” by the New York Post (April 27, 2005), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

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