PEGS Pegasus Solutions (MM)

Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today a new tool for its commission-processing service, an online application called TravelCom(R) that enables hotels to better and more easily manage their commission payments to travel agents. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors. The TravelCom tool has been used extensively by hotel customers of the Utell by Pegasus(TM) service, and is now being made available to all Pegasus commission-processing customers. The Web-based application gives hoteliers the ability to send booking data from their central reservation system to Pegasus for processing and enables them to validate, store, research, edit and create reports from the data. Implementations for the TravelCom tool are expected to begin for commission-processing customers in April. Golden Tulip Top Hospitality is the first hotel group to implement the new TravelCom application. "With the shift in air-to-hotel booking ratios, we believe travel agents will be focusing more and more on hotel reservations. By offering our hoteliers an advanced, cost-effective commission consolidation and settlement tool, they can now provide their agency customers swift commission payments, thereby further improving their relationship and exposure," commented Riko van Santen, director of distribution and information technology, Golden Tulip Hospitality Group. "We've made it simple to manage commission payments online," said Dennis Law, senior vice president of product management and strategy for Pegasus. "From weekly processing to direct deposit to VAT self billing, we continue to develop new ways to serve our commission-processing customers -- both hoteliers and travel agents. The TravelCom tool gives the Pegasus commission-processing service a Web-based entry point that is user-friendly and easy to use." Pegasus' industry-leading commission-processing service is used by 40,000 hotels worldwide and the top 10 travel agencies in the United States. Pegasus processes an average of $40 million in hotel commissions each month. Its agency customers include the majority of the world's travel agencies in more than 200 countries. Hotels that participate in Pegasus' commission-processing service can process payments in the frequency of their choice -- ranging from weekly to monthly. Member travel agencies are paid commissions on a weekly basis, and customers receive detailed reports for easy reconciliation. Hoteliers can learn more about the Pegasus commission-processing service and the TravelCom tool during ITB. Pegasus is exhibiting in hall 8.1, stand 111. About Pegasus Dallas-based Pegasus Solutions, Inc. (Nasdaq:PEGS) is a global leader in providing technology and services to hotels and travel distributors. Founded in 1989, Pegasus' customers include a majority of the world's travel agencies and more than 60,000 hotel properties around the globe. Pegasus' services include central reservation systems, electronic distribution services, commission processing and payment services, and marketing representation services, including the consumer Web site, www.hotelbook.com. The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by more than 7,000 member hotels in 140 countries, making Pegasus the hotel industry's largest third-party marketing and reservations provider. Pegasus has 18 offices in 13 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com.