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ERA® REAL ESTATE ANNOUNCES COMPANY OPENINGS Parsippany, NJ (May 24, 1999) – ERA Franchise Systems LLC, announced today the affiliation and opening of one new office and two branch offices, adding to its global residential real estate network. ERA Real Estate Consultants opened its first of three new offices in the Osage Beach, MO, area. ERA New Star Realty & Investment opened a branch in Fullerton, CA, and ERA Hometown Realty opened a branch in Windemere, FL. "We are pleased to welcome these offices to the worldwide ERA network. Our mission is to provide the total solution for forward thinking individuals who wish to build a quality and profitable real estate business," said Jack Frost, ERA Senior Vice President of Franchise Sales. "These recent openings represent another step in our commitment to the continued growth and success of the ERA Real Estate network." ERA Franchise Systems LLC, a subsidiary of Cendant Corporation (NYSE:CD), is a leader in the residential real estate industry with over 25 years experience in developing consumer-oriented products and services. The ERA Real Estate network includes more than 2,600 independently owned and operated brokerage offices with more than 28,000 brokers and sales associates throughout the United States and 19 other countries and territories. ERA is available to consumers on the Internet at www.ERA.com.
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