• SMS has entered Cendant�s exclusive vendor program (Preferred Alliance Group) as RCI�s exclusive timeshare resorts, property-level integrated systems vendor.  

• RCI and SMS have signed a worldwide master relationship agreement, which will enable the two companies to work together on projects in more than 90 countries. 

• SMS is acquiring all assets of Resort Computer Corporation (RCC), including the facilities located in Lakewood, Colorado, which will become SMS�s third largest operation and R&D facility in the United States.  Also included in the acquisition are the variety of software products, licenses and support agreements currently managed by RCC.

�RCC�s customer�s contracts will be honored by SMS. Both RCI and SMS are committed to maintaining RCC product offerings while pursuing future strategies,� said John Springer-Miller, President and CEO of Springer-Miller Systems. 

RCI has also entered into a significant software development agreement with SMS to build new Timeshare Sales/Marketing and Timeshare Club functionality. These new modules of the SMS|Host suite of products will be completely integrated with RCI�s central exchange systems, including the Global Points NetworkSM.  The fully integrated system is scheduled for release in 2001, and is expected to set a new standard for the resort industry. 

RCI Management (RCIM) has signed a management company licensing agreement with SMS to license RCC and future SMS products for more than 40 properties.

RCI is the world�s leading timeshare-exchange company with more than 3,600 affiliated resorts in 93 countries. In 1999, RCI booked more than 2 million exchanges, sending an estimated 7.5 million people on vacation. As a single-source resource of integrated timeshare solutions, the company�s services include feasibility analysis, market research, technological support and lead-generation strategies along with club development and operations. RCI is a subsidiary of Cendant Corp. (NYSE:CD), a global provider of consumer and business services.

Springer-Miller Systems is the world�s leading provider of guest-centric hospitality management solutions. SMS|Host, Springer-Miller�s guest centered hospitality management system, meets the needs of hotels, resorts, spas, and casinos worldwide, setting the pace as a pioneer in the hospitality industry.