ERA Franchise Systems expands national franchise sales team; Leading real estate system gears up for aggressive growth.

PARSIPPANY, N.J.--(BUSINESS WIRE)--July 15, 1996--ERA Franchise Systems Inc., the world's fourth largest residential real estate network, has assembled one of its largest franchise sales teams ever to achieve its aggressive growth target of a 100 percent increase in the number of its brokerage offices nationwide by the year 2000.

The new franchise sales team is four times the size it was prior to the company's acquisition by HFS Inc. (NYSE:HFS) in February this year.

"ERA(R) has a strong presence in the four corners of the United States -- Florida, California, the Northwest and Northeast corridors -- which offers us endless opportunities for growth in the remainder of the country. In particular, there is a large percentage of independent operators in the market place who we will encourage to join our brand," said ERA President Frederick B. Beilstein. "However, we're not only looking for quantity. Our focus will be on bringing in quality brokers."

The expansion is being headed by franchise professional Michael K. Field, senior vice president of franchise sales and development, along with his management team of four regional vice presidents and a vice president of major account development.

Donald S. Kane, responsible for the Northeast region, has been with ERA since January 1993 and has served as president of the New Jersey/Pennsylvania region since March 1994. Kane was franchise sales director at Prudential Real Estate Affiliates for five years before joining the ERA team in 1993.

Timothy C. Burns, responsible for the Midwest and Mid-Central regions, joined ERA in 1982 as a trainer. In 1987 he was sales Rookie of the Year and has consistently led ERA in franchise sales and transactions.

Robert R. "Buddy" McKnight, Southeast region, was vice president of sales and marketing for Computone Corp., before joining ERA. His extensive 23-year career in sales management includes positions with Samna Corp., Savin and Xerox.

Wallace D. Perry, Southwest region, led ERA franchise sales in 1994 and 1995. Before joining ERA as vice president of business development in 1993, Perry was a mortgage banker, owned a Prudential brokerage, and spent 11 years in management with Coldwell Banker.

Stewart L. Wilson Jr. has been named vice president of major account development, serving franchise sales nationwide. He joined ERA in 1985 as president and broker of ERA Sun Day Corp. in Tampa. Wilson also served as director of marketing for the ERA Mid-Atlantic region and as vice president of the ERA National Network Division in 1992.

ERA Franchise Systems Inc., a subsidiary of HFS Inc. (NYSE:HFS), is the recognized leader in the residential real estate brokerage industry in developing consumer-oriented products and services based on innovative technology. The ERA franchise system includes more than 2,500 independently owned and operated brokerage offices with more than 25,000 Member Brokers and Sales Associates throughout the United States and 15 other countries. ERA is available to consumers on the Internet at http://www.ERAonline.com.

CONTACT: ERA Franchise Systems Inc., Parsippany

Jennifer Nemeth, 201/560-8911