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Maui Oceanfront Inn Vacation Club is Newest RCI Affiliate Resort

First resort on Maui to offer RCI® Points

Press Release: RCI
November 23, 2004
PARSIPPANY, NJ -- RCI, the global leader in vacation exchange, announced yesterday that Maui Oceanfront Inn Vacation Club located on Keawakapu Beach in Maui, Hawaii, has signed a new affiliation agreement that will add the resort community to RCI's worldwide network of affiliated resorts.

The Maui Oceanfront Inn Vacation Club is the first resort on Maui to offer RCI® Points, giving owners access to resorts around the world through RCI's global resort network as well as the many additional benefits of RCI's points-based exchange program. Through the affiliation agreement, RCI will also provide the resort with marketing support through RCI's Endless Vacation ® magazine as well as quality assurance assistance through Ragatz Associates.

RCI's points exchange program allows timeshare owners to have the relative value of the vacation ownership interests that they own expressed as an annual quantity of points, which can be used to obtain vacation accommodations around the world as well as a wide variety of other travel products, including airfare, car rental, hotel stays, cruises, golf outings and tickets to theme parks.

Maui Oceanfront Inn Vacation Club has 44 tastefully appointed luxury and standard size suites. Resort activities and amenities include scuba diving, whale watching, biking, kayaking, snorkeling, golfing, shopping, concierge service and fine dining at Sarento's on the Beach, the resort's five-star restaurant.

The resort has been awarded provisional RCI Gold Crown status, an award earned by a select number of RCI resorts that have achieved excellence in quality, amenities and service standards.

The Packard Management Group manages the Maui Oceanfront Inn Vacation Club. Additional information is available at http://www.mauioceanfrontinn.com or by calling 1-800-263-3387.

About RCI:
RCI 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 arbitrage to build membership in travel and unlock the value of leisure assets in vacation ownership, real estate, hospitality, travel and tourism, and with affinities. RCI is a subsidiary of Cendant Corporation (NYSE: CD), a provider of travel and real estate services.

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Media Contact:
David Jimenez
Sr. Mgr. External Communications
RCI
7 Sylvan Way
Parsippany, NJ 07054
Tel: (973) 496-7021
Fax: (973) 496-1977
david.jimenez@cendant.com


Source: RCI