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The White Point Residence Club Signs On As RCI Affiliate

Nova Scotia's fractional resort signs five-year agreement

Press Release: RCI
January 25, 2005
PARSIPPANY, NJ -- RCI, the global leader in vacation exchange, announced yesterday that the White Point Residence Club, a fractional luxury home located within the prestigious White Point Estates community on Nova Scotia's South Shore, has signed a new affiliation agreement that will add the resort to RCI's worldwide network of affiliated resorts.

Through the affiliation agreement, RCI will support the White Point Residence Club with programs that include RCI®Weeks and RCI®Points, through which White Point Residence Club members will have access to quality exchange vacations at more than 3,700 RCI affiliated resorts worldwide; as well as the ability to exchange their RCI Points for a wide variety of other travel products, including airfare, car rental, hotel stays, cruises, golf outings and tickets to theme parks. White Point Residence Club will also be an associate resort within The Registry CollectionSM exchange program, an international service provider to the luxury leisure travel segment operated by RCI. As an associate resort, White Point Residence Club members will have the ability to exchange into the fractional resorts of The Registry Collection, and The Registry Collection members will be able to exchange their fractional interests to vacation at White Point.

The White Point Residence Club is a member-owned fractional residence. The unit is a spacious three-bedroom, three-bath fully equipped vacation home boarding the Atlantic Ocean and located on the waterfront of Five Rivers Lake, Nova Scotia, Canada.

The residence has been awarded the 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 White Point Residence Club is owned and operated by White Point Holdings Ltd. Additional information is available at www.whitepoint.com or by calling (902) 354-5903.

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 Corp. (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