WizCom Reports Nearly 30% Increase In Transaction Volume Year- Over-year For Third Quarter 2004

PARSIPPANY, NJ, WizCom International, a subsidiary of Cendant Corporation (NYSE: CD) and a developer of innovative connectivity technologies for the hotel and car rental industries, today announced a nearly 30% increase in transaction volume for the third quarter of 2004 compared to 2003. The increase is directly related to hotel clients' widespread adoption of WizCom's enhanced 'next generation seamless' connectivity to all global distribution systems (GDSs), the introduction of its central reservation system (CRS) buffering solution, Hotel Cache, and its secure and reliable switch service.

"We are delighted that our continuous investment in WizCom's Switch technology is resulting in significantly more reservation requests and bookings for our customers, while at the same time shielding their CRS from the negative effects of increased shopping requests," stated George Roukas, vice president of product development, strategy and operations for WizCom and TRUST International, Cendant Travel Distribution Services Division. "We will continue to make the necessary investments to maintain our market-leading position and drive even more bookings to our clients."

With the WizCom Switch, a company is able to connect its CRS to all major GDSs without the issues and costs associated with direct interfaces to each GDS separately. This provides both hotel and car rental companies with maximum market penetration and global distribution, supplying seamless connectivity to thousands of travel agents worldwide. At the same time, WizCom's 'next generation seamless' technology assists travel agents by allowing them to book the same inventory and rates that are seen by a company's own in-house reservations staff.

According to Roukas, "Travel agents and end-consumers are increasingly processing availability requests through WizCom in order to seamlessly gain access to the information available through all GDSs. The quick and accurate access to rates from companies direct from their CRS provides ease-of-use to their customers, and has been a major factor in increased bookings coming from the WizCom Switch."

About WizCom - WizCom International is a subsidiary of Cendant Corporation (NYSE: CD) and part of Cendant's Travel Distribution Services Division. It supplies its hotel and car rental customers with electronic distribution and e-commerce solutions for Internet, global distribution systems (GDS) and other travel reservation systems. Developer of the industry's first switching service, WizCom offers 'next generation seamless' connectivity to GDS and Internet channels, Hotel Cache a CRS buffering solution, Jumpstart an Internet based connectivity solutions for Tour Operators and Online Agencies, and EasyAccess Plus a suite of data management tools. For more information on WizCom products visit

About Cendant Travel Distribution Services Division - Cendant Corporation's (NYSE: CD) Travel Distribution Services Division, is one of the world's largest and most geographically diverse collections of travel brands and distribution businesses. The division, employing nearly 5,000 people in more than 116 countries, includes: Galileo, a leading global distribution system (GDS), serving more than 44,000 travel agencies and over 60,000 hotels; hotel distribution and services businesses (TRUST, THOR, WizCom and Neat Group); leading online travel agencies (CheapTickets.com, Lodging.com, HotelClub.com and RatesToGo.com); Shepherd Systems, an airline market intelligence company; Travelwire, an international travel technology and software company; Travel 2/Travel 4, a leading international provider of long-haul air travel and travel product consolidator; and Travelport, a provider of online global corporate travel management solutions.

For more information on the complete range of 'hospitality solutions' available from Cendant Travel Distribution Services, please visit: .