Weichert Realtors Press Release

MORRIS PLAINS, NJ -- Propelled by record new client signings and service satisfaction ratings, Weichert Relocation Resources Inc. experienced its best year ever in 2004.

“Through our company-wide commitment to exceeding customer expectations, we achieved great things over the past year,” noted Aram Minnetian, president. “This success reflects our unwavering focus on our brand promise of delivering brighter relocation experiences.”

Weichert Relocation Resources’ key accomplishments for 2004 included:

• Expanding its client roster to include such leading companies as Royal Bank of Canada, Ahold USA, Barclays Capital, The Wrigley Company, The YES Network, J.M. Huber Corp., Bombardier, BP Canada, Boston Scientific, Sanofi-Aventis, and many more.

• Achieving a 98% rate of client satisfaction, a new company benchmark.

• Reducing some clients’ tax gross-up costs by an average of $520 per employee through policy revisions performed by the company’s Tax Department.

• Identifying over $19 million in potential client savings through policy reviews.

• Delivering true “one stop shopping” convenience with the launch of three fully integrated supply chain management solutions: The Weichert Broker Network, The Weichert Global Network, and The Weichert Move Network.

• Being selected as the primary relocation partner for the HR Services division of Accenture, one of the world’s leading management consulting companies.

• Conducting a detailed survey of intra-European relocation trends in partnership with Worldwide ERC.

• Expanding the reporting capabilities of FlashPoint, the company’s online service portal, to include budgeted cost estimates, initiation activity, employee status, accruals, exceptions, T&E reimbursement status, and more.

“Weichert Relocation Resources’ reputation within the marketplace has never been stronger,” said Jim Schneider, senior vice president. “Today’s companies equate our brand with unmatched innovation, service delivery and cost savings, and we’ll be building upon this momentum in 2005.”

Weichert Relocation Resources Inc. (WRRI) is one of the world’s premier global relocation and assignment management firms, delivering brighter mobility solutions to corporations and their employees. With a service reach encompassing over 120 countries, WRRI serves 500 clients throughout the world. The company’s service offerings include domestic relocation services, international assignment services, real estate management and resale services, financial services, payroll and tax services, household goods move management services, consulting services and group move management services. WRRI has offices worldwide and more than 500 employees. For more information, visit wrri.com.