The Registry Collection Acquires The Worldwide Trademark For The World's Finest Resorts

. October 14, 2008

UNITED KINGDOM, September 19, 2005. The Registry Collection luxury exchange program announced today it has acquired the European and Asian trademark rights for The World's Finest Resorts, Ltd. as part of its continuing expansion into the luxury leisure real estate market.

This transaction completes the acquisition of all worldwide trademark rights for The World's Finest Resort by The Registry Collection, which earlier this year acquired the trademark rights for The Americas.

"This transaction substantially advances our strategic plan to expand in the luxury leisure real estate market," said Ken May, chairman and chief executive officer of the Cendant Vacation Network Group. "The Registry Collection group is committed to serving this new market space with opportunities for exchange and to enhance the sales opportunities for our affiliate partners."

The World's Finest Resorts, founded in the UK in 1999 and in the United States in 2001 is a private members' club offering accommodation and travel benefits of owners of exclusive property in the world's most luxurious resorts. The properties that comprise The World's Finest Resorts (WFR) will be featured within The Registry Collection with WFR owners continuing to have the opportunity to gain access to other WFR properties and access to other types of accommodations within The Registry Collection.

"The Registry Collection is growing rapidly," said Preben Vestdam, president & chief executive officer, RCI Europe & Middle East. "Our first priority will be to sit down with WFR affiliates in order to create individual business plans that maximize developer profits and owner satisfaction," he said.

To date the Registry Collection has 49 affiliated resorts. The number of fractional resorts and private residence clubs available to owners is increasing due to the efforts of The Registry Collection offices in the U.S., Europe, Latin America and Africa.

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