Cendant Receives Highest Grade On NAACP Hospitality Report.PARSIPPANY, N.J.--(BUSINESS WIRE)--June 30, 1998--Cendant Corporation (NYSE NYSE See: New York Stock Exchange :CD) today announced that it received the highest grade for a lodging company within the NAACP's year two industry report card as part of its Economic Reciprocity reciprocity In international trade, the granting of mutual concessions on tariffs, quotas, or other commercial restrictions. Reciprocity implies that these concessions are neither intended nor expected to be generalized to other countries with which the contracting parties Initiative. The Reciprocity Initiative is a process by which the NAACP NAACP in full National Association for the Advancement of Colored People Oldest and largest U.S. civil rights organization. It was founded in 1909 to secure political, educational, social, and economic equality for African Americans; W.E.B. Du Bois and Ida B. reviews an industry for its record in providing opportunities for African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. in the areas of ownership, employment, vendor development, advertising, as well as philanthropy. Cendant received a grade of "B" for its efforts over the past twelve months, a significant improvement over its year one grade of "C-." John Russell John Russell may refer to:
n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. , Howard Johnson and Days Inn brands said: "This grade validates our ongoing efforts to strive for greater diversity in the workplace and marketplace. As we expand and improve our operations, we are continually seeking ways to strengthen our outreach to minority communities as a source for customers, employees, and franchisees." As an integral part of its overall business plan, Cendant created an aggressive diversity initiative within its lodging division last year to provide minorities with even greater access to the Company and the overall hospitality industry. The initiative includes five primary areas of focus: franchise development, supplier development, philanthropic giving, career development, and advertising. Cendant Corporation is the world's premier provider of consumer and business services. Cendant operates in three principal segments: Alliance Marketing, Travel and Real Estate Services. In Alliance Marketing, Cendant provides access to travel, shopping, auto, dining, and other services worldwide. In Travel Services, Cendant is the leading franchisor of hotels and rental car agencies worldwide, the premier provider of vacation exchange services, a leading fleet management company through PHH PHH Provinciale Handelsschool Hasselt (school) PHH Pasukan Anti Huru-Hara (Anti Riot Task Force) PHH Phillips Head (screw) PHH Planar Halogenated Hydrocarbon , and the U.K.'s largest private car park operator through NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. . In Real Estate Services, Cendant is the world's premier franchisor of residential real estate brokerage offices, a major provider of mortgage services to consumers and a global leader in corporate employee relocation. Headquartered in Stamford, CT and Parsippany, NJ, the company has more than 40,000 employees, operates in over 100 countries and makes more than 100 million customer contacts annually.
CONTACT: Cendant
Donna Dozier-Gordon
973-496-8547
or
Robinson Lerer Montgomery
Don Nathan
212-484-7782
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