PEGS Pegasus Solutions (MM)

Pegasus Solutions Inc. (Nasdaq:PEGS) today announced a significant expansion to the hotel offering at its www.hotelbook.com(TM) travel site with the addition of more than 300 properties from Preferred Hotel Group. The site now includes Preferred's independent luxury hotels, resorts and boutiques in 51 countries through its brands Preferred Hotels(R) & Resorts, Boutique, Summit Hotels & Resorts, and Sterling Hotels. With an already rich collection of more than 5,000 independent and boutique hotels worldwide, hotelbook.com is focused on travelers who want to "Stay Independent" and experience something unique or different. The added properties from Preferred Hotel Group on hotelbook.com will offer travelers an even wider selection of hotels where consumers can search for their interests, whether that's an Alpine lodge, a modern city hotel, a luxury resort or a grand castle. This new selection on hotelbook.com, will give consumers greater direct access to the rare finds of the travel world, according to Deena Kaufman, senior vice president of revenue and distribution management for the Preferred Hotel Group. "The addition of the Preferred Hotel Group's properties to hotelbook.com's selection of independent and boutique hotels supports the desire of many travelers to find unique luxury accommodations," said Kaufman. "As a site, hotelbook.com plays to Preferred's key strengths: allowing hotels to maintain their individuality and distinctive methodology, while benefiting from affiliation with a larger group of like-minded properties." All 300 Preferred Hotel Group properties are now available online at www.hotelbook.com with various rate options for business or leisure travelers. About Preferred Hotel Group Preferred Hotel Group is a global leader in the hospitality industry. This creative, cutting-edge company is designed for a new era in travel -- an era in which travelers embrace the individuality of distinctive hotels and resorts -- yet desire a consistent commitment to excellence. For more information please visit www.preferredhotelgroup.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 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.