RE/MAX Real Estate Upgrades 1,200-Site Corporate Network With Latest Satellite Technology From Loral CyberStar.

Business Editors & Technology/Real Estate Writers

ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 20, 2000

International real estate company confirms its commitment to

corporate communications and training via satellite

Loral CyberStar, a division of Loral Space & Communications (NYSE:LOR), announced today that it has successfully completed its upgrade of the RE/MAX Satellite Network (RSN), which delivers key applications and services to RE/MAX real estate associates and brokers located in all 50 United States, Puerto Rico, and throughout Canada. Needing more flexibility and a greater degree of customization, RE/MAX replaced its previous network with CyberStar's Infomedia solution to distribute training, corporate communications, news, and special events from its Denver, CO, headquarters to 30,000 associates in 1,200 sites across North America.

"Without a doubt, the ability to train and educate RE/MAX brokers and associates via satellite has contributed to our position as an industry leader," said Mike Ryan, vice president of the RE/MAX Satellite Network. "Buying or selling a home are two of the most stressful events that any of us experience, and we feel that the diverse and targeted programming, continuing education, and professional licensing that we can offer every one of our agents gives RE/MAX clients an edge. This edge is only possible because of the flexibility and commitment to service that CyberStar offers us."

Adds Ryan, "Our brokers and associates want to be in the field helping people buy and sell real estate. Time away from the office for state-mandated licensing and specialty certification reduces their productivity and income, so they have welcomed the convenience and cost effectiveness of the educational and motivational programs that we offer on RSN."

RE/MAX, one of the nation's leading real-estate companies, uses CyberStar's MPEG digital video broadcast (DVB) Infomedia service to allow the RE/MAX Satellite Network (RSN) to run more than 100 hours of live, interactive and pre-recorded programming a month. With the added capabilities provided by CyberStar's conditional access services, RSN can now refine and customize its program content by broadcasting programming to specific sites based on local needs and state/province regulations. RSN's programming encompasses accredited course, sales techniques, technology training, management, and business skills.

The "anytime, anywhere" capability of CyberStar's network allows RE/MAX not only to reach remote offices where access to licensing and continuing education is expensive and inconvenient, but also to provide its geographically dispersed franchisees and employees a uniform and high-quality standard of training and program content.

"RE/MAX has really demonstrated the power that corporate-wide communications can have in an organization," said Neil Bauer, president, Loral CyberStar. "The depth and breadth of RSN is quite remarkable. Besides the hundreds of hours of educational information broadcast over the network, RE/MAX takes advantage of its network to broadcast special events featuring speakers such as Norman Schwartzkopf and Tom Peters, best-practices programs, international news, and proprietary training. Using its satellite network, RE/MAX has a broadband communications network that allows it to give all of its affiliates, wherever they are located, a competitive advantage."

About RE/MAX

The RE/MAX franchise network, now in its 28th year of consecutive growth, is a global real estate system operating in 35 countries. More than 3,600 independently owned offices engage 62,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. For more information visit www.remax.com.

About Loral CyberStar

Loral CyberStar, based in Rockville, Maryland, is a leading global Internet and infomedia business that provides Internet Protocol (IP) broadband data, Internet and multimedia services to businesses and Internet service providers. Applications include virtual multicast networks, data networking, high-speed file transfer, distance learning, and audio and video streaming services. The company combines service and marketing expertise from resources and operations in every major region of the world. For more information, visit CyberStar's web site at www.cyberstar.com.

CyberStar is also a partner with Akamai, offering free Usenet newsfeeds to ISPs joining the Akamai Accelerated Network program, which allows ISPs to off-load high volumes of Usenet Web traffic to Akamai's global, fault-tolerant network. The agreement between CyberStar and Akamai allows Internet end users to experience a higher performance of Web site content delivery including streamed audio and video, as well as allowing ISPs to save on bandwidth costs for delivering popular and engaging content.

About Loral Space & Communications

Loral Space & Communications is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, Internet services, international direct-to-home satellite services, and broadband data services including business television, distance learning and video to the desktop. For more information, visit Loral's Web site at www.loral.com.