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TOP ERA® EUROPEAN BROKERS CONVENE FOR GROUNDBREAKING LEADERSHIP CONFERENCE Parsippany, NJ (July 6, 1999) – In the same spirit of cooperation that made the European Union a reality, ERA Real Estate brokers from throughout the continent recently took an historic step in Wiesbaden, Germany. Held in May, the ERA European Leadership Conference brought 50 of Europe's top brokers together for two days of learning, networking and idea exchanges. Hosted by Germany's largest real estate franchisor, ERA/AUFINA, the conference included representatives from the host nation and six countries: France, the Netherlands, Belgium, Luxembourg, Spain and Portugal. "The conference is a great testimonial to the fact that the practices, tools and techniques employed here in the United States are international in principle and in use," said Peter Burgdorff, President and Chief Executive Officer of ERA Franchise Systems LLC. "We are extremely excited to be breaking new ground in Europe." The ERA European Leadership Conference is a reflection of the strong international presence of ERA. With franchises in 19 countries outside the U.S. in Europe, Asia, Africa and the Caribbean, ERA is leading global changes in the real estate industry. ERA Europe Managing Director Bill Heavener is overseeing much of the brand's international growth. "As ERA continues to expand, we look forward to adding to our high caliber team of brokers and associates while creating new benchmarks for the residential real estate industry in Europe." In November, ERA will again make international real estate history when it holds the first ERA European Convention in Paris, France. The convention will also serve as the site of the brand's Top 50/100/200 Conference, an annual meeting of the top ERA companies in the United States. To be held at the Le Meridien Hotel, the convention will bring hundreds of ERA companies from Europe and the U.S. together for the first time. For additional information, visit www.ERAeurope.com. 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 29,000 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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