Pegasus Solutions Delivers Complete Technology Services Package to Universal Orlando Resort

Business Wire, Feb 12, 2001

Business Editors

PHOENIX & ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 12, 2001

Scope of Agreement Spans Internet, CRS and GDS Hotel Reservations

Services for Three Resorts in the Universal

Orlando(SM) Vacation Destination

Pegasus Solutions, Inc. (Nasdaq:PEGS) today announced its Application Service Processing (ASP) business unit in Phoenix has signed a comprehensive technology services agreement with Universal Orlando Resort in Orlando, Fla. The agreement for Internet, central reservations systems (CRS) and global distribution systems (GDS) hotel reservations services includes Universal's three world-class resorts in the 840-acre Universal Orlando(SM) vacation destination. Dallas-based Pegasus Solutions is a leading provider of hotel industry transaction processing solutions and electronic commerce services.

Under the long-term agreement, Universal Orlando Resort is maintaining inventory and rates for its Portofino Bay Hotel, Hard Rock Hotel(R) and Royal Pacific Resort in the Pegasus RezView(R) CRS in Phoenix. Pegasus' ASP also is "powering" the online hotel reservations for Universal Orlando's Web site, www.universalorlando.com, and is connecting Universal's three properties to the Pegasus Electronic Distribution Switch for seamless connectivity to the global distribution systems (GDSs). This connectivity enables travel agents around the world to make reservations at Universal's properties electronically via the GDSs, such as Sabre and Galileo.

Alan White, senior vice president -- Pegasus Solutions' ASP, said, "Our agreement with Universal Orlando Resort reflects the multi-faceted approach Pegasus takes to deliver on a solid technology services strategy. We bring to the table a combination of proven service offerings, flexibility and staff with an in-depth understanding of the evolving hotel industry. Whether we are a piece of the technology services pie or are the whole pie, we excel in delivering a successful technology solution."

In addition to accessing Pegasus' services for GDS bookings (chain code UE), the three hotels will be added to Pegasus' Online Distribution Database of more than 40,000 hotels. As a result, Portofino Bay Hotel, Hard Rock Hotel and Royal Pacific Resort in Orlando will be available for bookings on Web sites included in Pegasus' Online Distribution Network, including TravelWeb.com, Expedia.com, Dreamticket.com, Continental.com and Hotwire.com.

Portofino Bay Hotel, a Loews Hotel, is a 750-room resort created as an enchanting seaside village on the Italian Riviera. The upscale, 650-room Hard Rock Hotel offers a combination of funk and functionality to guests. Royal Pacific Resort, a Loews Hotel, is scheduled to open in 2002. The luxurious, 1,000-room Royal Pacific Resort will depict the enchanted isles of the South Pacific. The three properties are close to several of Universal Orlando's prime attractions, such as the Universal Studios(R) and Islands of Adventure(SM) theme parks.

Company Information

Pegasus Solutions' Application Service Processing (ASP) business unit provides central reservations system (CRS) services to the hospitality industry. Pegasus' CRS is used on an ASP basis by more than 10,000 hotel properties, representing over 2 million hotel rooms worldwide. Pegasus also provides CRS software licenses to an additional 20 hotel brands, representing 12,000 hotel properties. Pegasus' comprehensive portfolio of CRS technology and voice reservations products and services offers "end-to-end" solutions that bring a seamlessly integrated approach to managing hotel reservations, rate plans and inventory.

Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading provider of end-to-end reservation distribution solutions to the hotel industry worldwide. Its services include central reservations systems; third-party marketing and reservation representation services, including Utell and Golden Tulip Worldwide; electronic distribution services that connect more than 40,000 hotels to the Internet and to the global distribution systems (GDS); commission processing and payment services; the consumer travel Web site TravelWeb.com (www.travelweb.com); data warehousing and database marketing and consulting services; and soon, a Web-based property management system. Pegasus' customers comprise more than 100,000 travel agencies around the world, including nine of the 10 largest U.S.-based travel agencies(1); more than 40,000 hotel properties around the globe, including 18 of the 20 largest hotel companies in the world based on revenues and total number of guest rooms(2); and more than 1,000 Web sites/services have contracted to have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 36 offices in 23 countries, including regional hubs in Phoenix, London and Singapore. The company's stock is traded on the Nasdaq National Market under the symbol PEGS.

This statement contains references to future events and projected results, including anticipated transactions involving the Company and its service offerings. There can be no assurance that the referenced future events or projected results will actually occur or that the future financial performance of the Company will be as projected. Actual occurrences, results and performance may differ substantially and materially from those projected as a result of risks and uncertainties mentioned in this statement or detailed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 1999, and its Form S-4 (File No. 333-92683) that was declared effective March 31, 2000.