Pegasus Solutions Expands Commission Processing Service Offerings in Asia Pacific Market

Singapore Office and New Management to Assist Travel Agents in Asia Pacific

On location at the PATA Travel Mart conference in Singapore, Pegasus Solutions, Inc. (Nasdaq: PEGS) today announced it is expanding its Commission Processing service offerings in the Asia Pacific. To help strengthen its presence in the Asia Pacific market, Pegasus Commission Processing now has a staff in Singapore with new management to help oversee accounts in the Asia Pacific region, and to introduce its new Electronic Reconciliation & Tracking service to travel agencies throughout Asia.

Pegasus Commission Processing is the hotel industry's leading travel agent commission processing service and is operated by Dallas-based Pegasus Solutions, a leading provider of hotel industry transaction processing solutions and electronic commerce services.

Commission processing is a value-added commission consolidation and reporting service that facilitates more efficient and effective operation of hotel and travel agency participants by providing a single, monthly commission payment to subscribing travel agencies from participating hotels. This service allows travel agents to receive one monthly, consolidated commission check in the currency of their choice, eliminating the time and money associated with processing several checks from over 32,000 hotel properties worldwide.

With more than 100,000 travel agency members, Pegasus processes an average of $41 million in hotel commissions per month on behalf of more than 100 hotel companies in 159 countries.

According to Jeff Bzdawka, senior vice president of Pegasus Financial Services, the expansion of Pegasus' services in Asia Pacific not only represents Pegasus' commitment to continued growth but also to superior customer service. "In just the last year, Pegasus Commission Processing has experienced a 21 percent increase in its travel agency membership, which is proof of our steady growth. But, even with our tremendous rate of growth, we continue to provide quality service to our customers,"

Bzdawka said. "This is witnessed by more than 11,400 member travel agency locations in the 39 Asia Pacific countries that Pegasus currently serves, including Australia, Hong Kong, Taiwan, Singapore and Japan. I am confident that the expanded availability of services in this region solidifies Pegasus' position as a leader in the Asia Pacific hospitality industry."

Due to its tremendous growth in the Asia Pacific region, Pegasus chose to staff an office in Singapore as its first location. The Singapore office is responsible for assisting the 11,400 travel agency consortia members and local travel agent customers throughout the entire Asia Pacific region with their current service. The Singapore staff is responsible for account management, support, customer service and business development.

Pegasus' new Electronic Reconciliation & Tracking service works in tandem with the Pegasus Commission Processing service, equipping travel agencies with a totally automated solution for the management of hotel commissions worldwide.

To date, Pegasus has signed more than 45 travel companies representing more than 20,000 agencies to its Electronic Reconciliation & Tracking Services.

Agencies that subscribe to this enhanced service gain the ability to analyze hotel receivables, monitor hotel payment trends, and more effectively receipt and report hotel commissions in accordance with corporate account agreements. Pegasus also assists in obtaining outstanding commission payments on the agency's behalf.

"The Electronic Reconciliation and Tracking service is the result of letting our customers define their requirements and then utilizing the right combination of experience and technology to provide a comprehensive solution that effectively supports a variety of reporting and tracking needs," said Bzdawka. "It is a significant addition to our service offering, and I think that travel companies in Asia Pacific will find it most beneficial."