FOR IMMEDIATE RELEASE Contact:          Hugh Siler                                                 Brett J. Weinberg Siler & Company Public Relations      or       GMAC ResCap (949) 646-6966                                         (952) 857-6859 hugh@silerpr.com                                      brett.weinberg@gmacrescap.com

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GMAC GLOBAL RELOCATION SERVICES TO HOST WEBINAR ON DOING BUSINESS IN RUSSIA

April 1 Presentation Will Offer Insights Into Cultural Differences and Offer Business and Social Do’s and Don’ts for a Country Known for Transferee Assignment Failures

Oak Brook, Ill. (March 27, 2008) – GMAC Global Relocation Services (http://www.GMACGlobalRelocation.com) will offer a complimentary “Webinar” presentation exploring aspects of doing business and living in Russia. Titled, “Understanding and Doing Business with Russians,” the Webinar takes place Tuesday, April 1 at 11:00 a.m. Eastern time.

“Understanding Russia is vitally important for those doing business there since it is ranked as one of the top 10 countries for relocation assignment failures,” said Scott Sullivan, senior vice president of GMAC Global Relocation Services. “Our own research combined with interviews with transferees, shows it can be difficult to adapt to the culture, there are high costs since Moscow is one of the most expensive cities in the world, and complex immigration laws are the norm,” added Sullivan.

Sullivan pointed out that GMAC Global Relocation Services will be publishing additional research on Russia as part of its comprehensive Global Relocation Trends Survey, issued annually since 1993. The survey will be published next month.

The Webinar will help companies and transferees better understand the country’s unique dynamics, including:

• The keys to understanding “the Russian way” of doing things.
• Socializing with Russians, where food is important, showing up on time is impolite and hostesses are known for continually trying to out-do themselves.
• Communicating with Russians, including learning emotional expressiveness through non-verbal communication.

• Provide an overview and explanation of life in Russia.
• Discuss common stereotypes and perceptions of Russian nationals.
• Analyze business and social protocol “do’s and don’ts” for interacting and working in Russia.
• Suggest communication strategies for bridging cultural differences between personal, national and target cultures.

Participation in the Webinar is free and limited to the first 100 registrants. To register, go to: http://gmacglobalrelocation.com/insight_support/cc2008_russia_reg.asp

About GMAC Global Relocation Services
GMAC Global Relocation Services, LLC (GMAC GRS) (http://www.gmacglobalrelocation.com) is a leading, full-service outsourcing partner of end-to-end employee relocation, assignment management and mobility consulting services for multinational organizations worldwide. The company serves corporations in 110 countries and manages more than $1 billion in relocation-related transactions. GMAC GRS is a business unit of GMAC ResCap (Residential Capital, LLC), a leading real estate finance company, focused primarily on the residential real estate market in the United States, Canada, Europe, Australia and Latin America.

About GMAC ResCap
GMAC ResCap (http://www.gmacrescap.com) is an indirect wholly owned subsidiary of GMAC Financial Services. GMAC Financial Services is a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. GMAC was established in 1919 and employs approximately 26,700 people worldwide. For more information, go to www.gmacfs.com.

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