Pegasus Solutions Names Robert Boles Chief Operating Officer; Boles Awarded COO Role After 18 Months as Executive Vice President of Sales and Marketing

Business Wire, Dec 13, 2004

DALLAS -- Pegasus Solutions, Inc. (Nasdaq:PEGS) today announced it has named Robert (Bob) J. Boles, Jr. as chief operating officer. This appointment better reflects Boles' current responsibilities for all sales and marketing, product management and strategy, and all service delivery functions within Pegasus. Dallas-based Pegasus Solutions is a global leader in providing technology and services to hotels and travel distributors.

Boles joined Pegasus in May 2003 after nearly 20 years with IBM in various sales, marketing and operational roles. By the mid 1990s, Boles had risen to vice president of sales and support for IBM Global Services, where he was responsible for revenues of $1.5 billion. In 2001, Boles launched AimNet Solutions, a leading technology services company.

"Bob has helped steer Pegasus through a period of tremendous transformation," said John F. Davis III, chairman, president and CEO of Pegasus. "Under Bob's leadership, we have reshaped our entire sales and marketing organization. The payoff is already clear: we closed more business during the third quarter of 2004 than in any other quarter in company history. Bob has also ushered in dramatic improvements in the product development area, including the introduction of our new PegsTour(TM) service."

"We've made a lot of strategic changes in the last year and a half, and I'm really excited about the future of Pegasus," Boles said. "We are better positioned than ever to serve hotels and travel distributors with the world's most innovative solutions. Our goal is to transform the industry's most critical business processes, thereby maximizing the profits of every customer we serve."

A New Jersey native, Boles holds a bachelor of science degree in business administration from the University of Scranton in Scranton, Pa. He is based in Pegasus' Dallas headquarters.

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 nearly 60,000 hotel properties around the globe. Pegasus' services include central reservation systems, electronic distribution services, commission processing and payment services, property management systems, and marketing representation services. The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by nearly 8,000 member hotels in 140 countries, making Pegasus the hotel industry's largest third-party marketing and reservations provider. Pegasus has 17 offices in 12 countries, including regional hubs in London, Scottsdale and Singapore. For more information, please visit www.pegs.com.