PEGS Pegasus Solutions (MM)

Pegasus Solutions, Inc. (Nasdaq:PEGS) today announced that Vincci Hotels has selected Pegasus' Web services to expand and promote the hotel chain's online presence. Vincci Hotels is based in Madrid with 30 four- and five-star hotels, located in Spain, Tunisia, Lisbon and New York City. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors. New York-based Open provides pay-for-performance management of direct-to-Web site strategies. A long-standing Utell by Pegasus(TM) member, Vincci Hotels is the first European chain to select the new Web services, which represent the industry's first integration of Internet marketing and electronic distribution services. The Web services are the result of integration between Pegasus and Open Hospitality. Through the integrated offering, Open Hospitality manages numerous online activities to generate bookings, and Pegasus hotel customers pay only for a percentage of the reservations directly generated by these activities. Carlos Rentero, revenue director for Vincci Hotels, said: "Vincci Hotels selected Pegasus Web Services by Open Hospitality because the two companies offer global service, Web design, an Internet booking engine, search engine optimization, e-marketing services and database management. Through our agreement with Pegasus, we can expand our Web presence and increase the exposure of our hotels with these innovative and dynamic services. We have been impressed by the experience our Vincci Avalon hotel in New York City has had with these services." Avelina Iglesias, regional sales director for Pegasus, said: "Pegasus is very pleased to offer this integrated bundle of Web services to our customers. These new Web services will help hoteliers tremendously to increase the revenue from their own Web site and to maximize the exposure of their brand. With its improved Web presence, Vincci Hotels should increase customer loyalty and improve customer service." Brian Dass, president of Open Hospitality, adds: "European hotels are recognizing that leading-edge technology improves their direct-to-Web-site strategies, and choosing to work with Pegasus and its Web Services by Open, creating significant value for hotels by using dedicated resources to lower costs and maximize online revenues." Visit Pegasus Solutions at WTM, London at stand #GV3400. About Open Hospitality New York-based Open Hospitality provides integrated services by connecting the processes of Web site management, search engine optimization, e-mail marketing and online revenue conversion strategies into one proprietary dashboard for better management, tracking and reporting. Open's pay-for-performance model has pioneered a shift to consolidating services, eliminating both the need for multiple vendor relationships and prohibitive costs. Open Hospitality can be reached via the Web at www.openhospitality.com. 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(TM). The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by nearly 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, Scottsdale and Singapore. For more information, please visit www.pegs.com.