Bass Hotels & Resorts Selects Pegasus Solutions' New Web-Based Property Management System.Business Editors DALLAS, ATLANTA & ORLANDO, Fla.--(BUSINESS WIRE)--June 26, 2001 Bass Hotels & Resorts(R) (NYSE NYSE See: New York Stock Exchange :BAS BAS abbr. 1. Bachelor of Agricultural Science 2. Bachelor of Applied Science ) announced today that it has selected Pegasus Solutions, Inc. (Nasdaq:PEGS PEGS polyethylene glycols used as drug solvents. ) as one of two preferred providers of property management systems for its hotels worldwide. Bass is the first major hotel chain to name Pegasus' new PegasusCentral property management (PM) module as a recommended standard for its properties. Dallas-based Pegasus Solutions is a leading provider of hotel industry transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions and electronic commerce services. Bass Hotels & Resorts is the world's most global hotel company with over 3,000 company owned, managed or franchised hotels in 100 countries and territories around the world. Pegasus formally launched the innovative PegasusCentral system yesterday evening at a press conference preceding opening day of HITEC HITEC Highway Innovative Technology Evaluation Center 2001 (Hospitality Industry Technology Exposition and Conference) in Orlando, Fla., and will be showcasing the product to the hotel industry throughout the show, which runs June 26- 28, in the Pegasus booth No. 609. Since late last year, Pegasus has been developing and testing the new Web-based PM module with extensive input from Bass Hotels & Resorts. The system is currently being piloted at Holiday Inn Express hotels. Bass Hotels & Resorts Chief Information Officer Doug Lewis Douglas ("Doug") Grinslade Lewis, PC, QC , FCA , LL.B (born April 17 1938) is a Canadian former politician. A chartered accountant and lawyer by training, Lewis entered the Canadian House of Commons when he won the seat of Simcoe North, Ontario, as a Progressive Conservative noted how well Pegasus met Bass' technology challenges. "With our significant global presence, it is critical to both hotel operations and our bottom line that we adopt technology systems that are economical, reliable, simple to use, and easily accessible," Lewis said. "Our extensive testing of PegasusCentral's PM module has convinced us that Pegasus can deliver on these mandates." Pegasus Solutions Chief Executive Officer and Chairman John F. Davis John F. Davis (July 11, 1907 – July 18, 2000) was an American lawyer and law professor whose career included ten years of service as Clerk of the Supreme Court of the United States. III, said, "We are absolutely thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. that one of the world's largest hotel chains has embraced our new product and will recommend it as one of two property management system options for its Holiday Inn Express and Holiday Inn properties." Delivered on an application service provider (ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). ) basis, PegasusCentral is the hotel industry's first true single-image inventory system, offering traditional property management system functions off of one central database. Initially targeted for hotel chains, the product is expected to be available for individual properties worldwide later this year. Company Information Bass Hotels & Resorts(R), the hotel business of Bass PLC of the United Kingdom, operates or franchises more than 3,000 hotels and 490,000 guest rooms in almost 100 countries and territories. The following are some of the service marks owned by Bass Hotels & Resorts, Inc., its subsidiaries or affiliates: Holiday Inn(R), Crowne Plaza This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (R), Express by Holiday Inn(R), Holiday Inn Select(R), Holiday Inn Garden Court(SM), Holiday Inn SunSpree(R) Resorts, Staybridge Suites Staybridge Suites is a brand name applied to hotels within the InterContinental Hotels Group. Staybridge Suites Staybridge Suites® is an innovative all-suite hotel brand designed to meet the needs of extended-stay guests. (R) by Holiday Inn, Holiday Inn Family Suites(SM) Resort, Holidex(R), Priority Club(R) Worldwide, Inter-Continental(R), Forum(R), and Six Continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. Club(R); Centra(R) in Canada and Mexico; Centra(SM) in the U.S.; Parkroyal(R) in the U.S. and Canada; Parkroyal(R) in Mexico. Bass Hotels & Resorts, Inc. offers information and reservations capability on the Internet -- www.basshotels.com, www.interconti.com for Inter- Continental Hotels and Resorts, www.crowneplaza.com for Crowne Plaza Hotels and Resorts, www.holiday-inn.com for Holiday Inn hotels, www.hiexpress.com for Express by Holiday Inn hotels, www.staybridge.com for Staybridge Suites by Holiday Inn, and www.priorityclub.com. For the latest news from Bass Hotels & Resorts, visit its new online Press Office at http://www.pressoffice.basshotels.com. Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservation technologies. Its services include central reservations central reservation Noun Brit & NZ the strip that separates the two sides of a motorway or dual carriageway central reservation n (BRIT) (AUT) → mediana systems; electronic distribution services that connect more than 40,000 hotels to the Internet and to the global distribution systems (GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards ); travel agent commission processing and payment services; the consumer Internet site TravelWeb.com (www.travelweb.com); the Utell marketing and reservation representation service (www.utell.com); and PegasusCentral (TM), a Web-based enterprise solution with property management applications. 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 hundreds of Web sites/services have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 35 offices in 22 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. (1) Travel Weekly, June 26, 2000, "Top 50 Travel Agencies" (2) Business Travel News, May 29, 2000, "The Top Hotel Companies" |
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