Era Real Estate Delivers Again On Behalf Of Muscular Dystrophy Association

National real estate network raises nearly $940,000 in 2005

(Thursday, February 16, 2006) - The ERA® network of real estate professionals continues its ongoing support of the Muscular Dystrophy Association (MDA), raising nearly $940,000.00 in total contributions for the national charitable organization in 2005. This represents an increase of more than 20 percent over the network's 2004 donation. Representatives from the ERA network will present the contribution at the annual MDA Jerry Lewis Labor Day Telethon later this year.

"For almost 30 years, ERA Real Estate and its affiliates have pledged staunch support to MDA's programs and services," said MDA President & CEO Robert Ross. "It's an honor to be associated with a corporate sponsor such as ERA which shares our commitment to finding treatments and cures for neuromuscular diseases."

"We are so proud of the work done on behalf of MDA by our dedicated ERA brokers and sales associates throughout the past year," said P.J. Martin Smith, senior vice president of marketing, ERA Real Estate, and national vice president of the Muscular Dystrophy Association. "Seeing the help and the hope that our support provides to those affected by neuromuscular diseases continues to serve as a great source of motivation for our entire ERA family to build upon our fundraising efforts year after year."

The ERA network is the real estate industry's sole corporate sponsor of MDA and has raised more than $30 million for the charity since the network began supporting MDA in 1977. ERA brokers and sales associates participate in all manner of fund-raising events, from walk-a-thons and bowl-a-thons to black-tie galas, silent auctions, golf tournaments and bake sales.

About Muscular Dystrophy Association
The Muscular Dystrophy Association (www.mda.org) is a voluntary health agency working to defeat more than 40 neuromuscular diseases through programs of worldwide research, comprehensive services, and far-reaching professional and public health education. The Association's programs are funded almost entirely by individual private contributors.

About ERA Franchise Systems, Inc.
ERA Franchise Systems, Inc. is a global leader in the residential real estate industry with more than 30 years experience in developing consumer-oriented products and services. ERA Real Estate has earned the prestigious 2005 J.D. Power and Associates Award for "Highest Overall Satisfaction For First Time Home Sellers Among National Full Service Real Estate Firms." The ERA® real estate network includes more than 36,000 brokers and sales associates and 2,800 offices throughout the United States and 28 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA Franchise Systems, Inc. is a subsidiary of Cendant Corporation (NYSE: CD) and part of its Real Estate Franchise Group. ERA® information is available to consumers at ERA.com. For additional information about ERA Franchise Systems, Inc. as well as expert commentary on emerging trends in the real estate industry, visit the Cendant Media Resource Center at www.cendant.com/media/.

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