By: Resort Condominiums International
(15-03-2001)

PARSIPPANY, NJ -- Resort Condominiums International, LLC (RCI) announced yesterday that it has entered into a long-term global marketing alliance with International Cruise & Excursion Gallery, Inc. (``I.C.E. Gallery''), the world's leading provider of cruises for timeshare owners.

Under the agreement, I.C.E. Gallery will fulfill all cruise requirements for RCI members of both RCI Points and RCI Weeks beginning in the second quarter of 2001. Both corporate identities and brands will be maintained and the benefits of RCI membership will continue to be differentiated from the benefits of I.C.E. Gallery membership, allowing RCI-affiliated resorts to offer the membership benefits of both companies in different scenarios, as is currently the case.

``The increased cruise volumes generated through this alliance will soon allow for even better cruise vacation values and a broader range of cruise opportunities for both RCI and I.C.E. Gallery members,'' said Ken May, president and CEO, RCI. ``This alliance demonstrates our commitment to bring the greatest possible high-quality travel and leisure alternatives to our RCI Points and RCI Weeks members.''

I.C.E. Gallery affiliated resorts will gain from the immediate expansion of I.C.E. Gallery marketing and sales programs afforded by the alliance; RCI resort affiliates and members will gain from the world-class cruise innovations and fulfillment provided by the I.C.E. Gallery. ``This alliance truly offers a winning proposition for both companies as well as developers and vacation owners worldwide,'' commented I.C.E. Gallery CEO John Rowley.

The agreement also calls for close cooperation in the area of resort marketing, allowing for developers to seamlessly integrate the I.C.E. Gallery membership benefits and the RCI membership benefits within their product offerings. I.C.E. Gallery and RCI will cooperate to ensure seamless integration of the respective memberships into the points based initiatives of both companies going forward.

I.C.E. Gallery has become the fastest growing company in the vacation ownership industry by providing strong business-to-business sales and marketing programs to resort developers worldwide. ``The RCI alliance will allow I.C.E. Gallery to reach more resort developers and rapidly expand the range of sales and marketing programs and related support we provide our affiliated resorts,'' said Rowley.

``The possibilities for enhanced sales and support for developer initiatives are endless from this powerful alliance,'' added Rowley. ``I.C.E. Gallery's unique cruise programs and services and our fast-track approach to global business expansion, coupled with RCI's infrastructure and history of leadership in the industry, will make a strong alliance. Together, we aim to deliver the best possible range of products and services to developers. Combined, these programs will meet the demands of today's consumer including unlimited on-line flexibility and instant vacation satisfaction.''

I.C.E. Gallery is the largest provider of cruise services in the vacation ownership industry. I.C.E. Gallery currently has over 450 affiliated vacation ownership resorts, which represent more than 1,000,000 vacation owners worldwide. I.C.E. Gallery offers cruise programs and services to vacation ownership resorts through offices in the United States, Mexico, Europe, Asia and Australia and is the recipient of the 2000 ACE Innovator Award (ARDA Circle of Excellence Award) for its unique cruise products.

RCI (http://www.RCI.com) is the world's leading global provider of products and services to the timeshare industry, with more than 3,700 affiliated resorts in 93 countries. In pursuit of its mission to be the market maker in global travel and leisure, RCI offers the world's leading timeshare exchange services through RCI Points, the first worldwide points-based exchange system, and RCI Weeks, RCI's traditional week-for-week exchange system. In 1999, more than 2 million exchanges were booked through RCI, sending an estimated 7.5 million people on vacation. RCI provides integrated timeshare solutions in addition to exchange including consulting, travel agency, technological support and lead-generation strategies along with club development and operations. RCI is a subsidiary of Cendant Corporation (NYSE: CD). "