ABODA Acquires Florida Operations of Furnished Quarters -- National Growth Continues as ABODA Expands to Southeastern Region

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ABODA, formerly Northwest Suites & Housing Services, has acquired Florida-based operations of Furnished Quarters, President and CEO Dave Caple announced today.

ABODA, formerly Northwest Suites & Housing Services, has acquired Florida-based operations of Furnished Quarters, President and CEO Dave Caple announced today.

Coming on the heels of the company’s name change and just months after ABODA’s acquisition of Boston-based Corporate Housing Options, this purchase lends additional fuel to ABODA’s aggressive pattern of national expansion and service diversification for the company and its corporate relocation and housing services.

“This purchase offers long term strategic value and lends credibility to ABODA as a viable business model that can provide coast to coast national coverage,” Caple said. “It also gives us a foothold on the Southeastern market for expansion, and will help us service current customers going into this market as well as provide additional opportunity to diversify our growing client base and geographic footprint.”

In addition to the Florida market, ABODA is currently identifying opportunities to expand their reach through additional acquisitions nationwide.

More Company News:

Microsoft has recently extended its relationship with ABODA as 2006 marks the company’s 18th year of service to Microsoft. This contract extension is a result of ABODA services meeting and exceeding a variety of performance and service criteria since the two companies began working together 18 years ago. In addition to relocation and housing services, ABODA also provides all executive concierge work when Microsoft executives occupy their permanent residence as well as rental finding in the greater Seattle area.

"We are extremely pleased to earn this ongoing and prestigious recognition from Microsoft Corporation, and we will continue to conceive of new and better ways to serve this valued client's needs,” Caple said. “We are honored to be the sole supplier for all of Microsoft’s corporate housing throughout the country.”

More about ABODA:

Headquartered in Redmond, Washington and launched in 1988, ABODA serves as a preferred corporate housing provider to many Fortune 500 companies and professional sports teams across the nation. ABODA provides All the Comforts of Home® worldwide by offering thousands of unique housing selections that blend the comforts of living at home with the amenities, carpet cleaning, and housekeeping services clients need to make their stays comfortable, productive, and rewarding. ABODA also provides furniture rental and purchase, full time rental assistance, and real estate and international settling-in services -- all at prices that make good business sense. As an award-winning, employee-owned ESOP corporation, ABODA has been named among the fastest growing private companies in the Puget Sound region, by the Puget Sound Business Journal. The company is a recognized leader in employee satisfaction, customer service, and community involvement. In 2005, ABODA earned a prestigious place on Washington CEO magazine’s “Best Companies to Work For” list. The company was also named a finalist in the "Celebrating Diversity" category of the 2006 Eastside Business Awards. The winner will be named at a luncheon to take place May 24, 2006. Visit http://www.aboda.com to learn more.

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Hilary Whitman
ABODA
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