PEGS Pegasus Solutions (MM)

Pegasus Solutions, Inc. (Nasdaq:PEGS) today signed an agreement with GIATA mbH to provide a translation service that will allow hotels using Pegasus' electronic distribution service to promote their properties in additional languages. Based in Kassel, Germany, GIATA is a developer and marketer of interactive tourism tools. The companies signed the agreement during the ITB show. The new service is part of Pegasus' continuing update to its Online Distribution Database (ODD), which supplies hotel information to thousands of Web sites. Dallas-based Pegasus is a leading global provider of technology and services to hotels and travel distributors. "The agreement with GIATA complements the other work that we've been doing to make the ODD the industry's leading repository of hotel content for the global marketplace," explained Dennis Law, senior vice president of product management and strategy at Pegasus. "We are completing work this month that will allow hotels to upload and maintain their properties' images under an agreement with Leonardo Media that improves the quality and quantity of the images available through the ODD." The Pegasus ODD houses more than 200,000 images, property and room descriptions for more than 60,000 hotels and is accessible by an estimated 350,000 travel agents, travel distributors and travel Web sites around the world. "By working with GIATA, we can offer our hotel customers the opportunity to have their detailed property and room information translated into additional languages, allowing these hotels to expand their appeal to both travel agents and consumers," Law said. Andreas Posmeck, GIATA managing director, said that GIATA "welcomes the cooperation with Pegasus and looks forward to building a close relationship with Pegasus to offer our professional translation services to over 60,000 hotels throughout the world. The hotel business is becoming increasingly international, a trend in which I am certain Pegasus and GIATA will play a central role." According to Law, Pegasus has also completed the specifications for the ODD interface, which uses Open Travel Alliance standards and will support the transfer of hotel property data from the hotels in more structured formats to meet on line distributor and consumer needs. "The majority of the work on the redesign will be completed in June, and hotels will be able to begin to take advantage of the new the database design, including its ability to support rich media such as virtual tours," he noted. "The new ODD demonstrates our commitment to helping hotels improve the quality and consistency of information and provide richer and more accurate content to help them better inform travel agents, travel distributors and travel Web sites about their properties," Law said. Hoteliers can learn more about Pegasus' electronic distribution services 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. About GIATA GIATA was founded in 1996 and today employs over 140 people in its Berlin office. GIATA compiles, develops and distributes the digital and text data for almost all the German tour operators. TUI, Thomas Cook, Neckermann, ITS, LTT, FTI, Alltours, Oger, and 129 other tour operators have been entrusting their data provision to GIATA for many years now. Through GIATA, the 180,000 hotels listed by the tour operators are directly available either on the Internet or in reservation systems (Amadeus, Sabre, Worldspan, Galileo). Travel agencies and websites present the tour operators' data digitally. Offers and all additional information are on display at the counter as well as being available on the Internet around the clock. At present, GIATA's products are utilized by over 16,000 travel agencies. The Internet database has been successfully used by almost every German GDS and Internet Booking Engines, all travel portals (Expedia, Travelocity, Lastminute.com,) and travel brokers for a number of years. With the GIATA real-time catalogue, tour operators and incoming agents are able to compile their content data online independently. Within a few minutes, content is distributed to reservation systems, websites, television channels and to all travel agency branches. In addition, GIATA also offers customers a statistics service. GIATA Statistics is a market research tool, which takes into account the current daily shifts in demand within the German market. Since November 2004, GIATA has also offered a tourism-specific translation service. GIATA's texts and translations may be viewed today in eight languages on the www.EasyJet.com website.