Greenwood Village, Co - 14 February, 2005 -

Two experienced RE/MAX franchise owners have purchased the RE/MAX France, Southeast region, making it the 54th country in the continuing global expansion of RE/MAX International. Pierre-Andr Bornet and Steve Groux, will serve as co-region owners and regional directors of the new region in France. Both have been operating six RE/MAX franchises in Switzerland for sometime and will continue involvement with those franchises. Bornet, age 61, holds a Master's degree in economics from the University of Geneva, worked with IBM as a commercial engineer, and has conducted businesses in real estate and insurance. He was involved in building and administering a hospital and has been active in politics, serving as Lordmair for 12 years and as president of the State parliament. He is married and the father of two daughters. Groux, now 37, demonstrated his entrepreneurial spirit early, founding his first pharmaceutical company at the age of 18. Later, with an associate, he created an insurance brokerage business and has been involved in the Swiss branch of RE/MAX just over one year. He married and lives on the Riviera of the Lake of Geneva in Switzerland. "We are pleased that Pierre-Andr and Steve have elected to apply their business knowledge and RE/MAX expertise in this new operation in France," said Cliff Shillington, RE/MAX vice president of international development. "The Southeast of France is a magnificent area, and these gentlemen are ideally suited to the development of RE/MAX operations there." Located in Western Europe, with the Bay of Biscay on the West and the English Channel on the North, France borders Belgium, Luxembourg, Germany, Switzerland and Italy on the East and Spain on the Southwest. RE/MAX France, Southeast region includes the area from the Mediterranean Sea, North along the eastern border of Italy and Switzerland, to Lyon, then West to a point just West of Clermont-Ferrand then South along a line back to the Mediterranean Sea and includes such cities as Perpignan, Montpellier, Marseille, Toulon and Nice. With a population of more than 60.4 million, France today is one of the most modern countries in the world and is a leader among European nations. Since 1958, it has constructed a presidential democracy resistant to the instabilities experienced in earlier parliamentary democracies. In recent years, its reconciliation and cooperation with Germany have proved central to the economic integration of Europe, including the introduction of a common exchange currency, the euro, in January 1999. At present, France is at the forefront of efforts to develop the EU's military capabilities to supplement progress toward an EU foreign policy.

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