Pegasus Solutions Signs UK-based travelstore.com for Online Hotel Reservations.Business Editors DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. & LONDON--(BUSINESS WIRE)--July 17, 2000 travelstore.com Utilizes Pegasus' Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Hotel Reservations Capabilities to Enhance Service for Business Travelers Dallas-based Pegasus Pegasus, in astronomy Pegasus (pĕg`əsəs), in astronomy, northern constellation lying SW of Andromeda and SE of Cygnus. It is named for the mythological winged horse Pegasus. Solutions, Inc. (Nasdaq:PEGS PEGS polyethylene glycols used as drug solvents. ) today announced that travelstore.com is tapping Pegasus for private label, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. online hotel booking capabilities. Based in the United Kingdom, travelstore.com is scheduled to implement Pegasus' online booking engine in third quarter 2000. travelstore.com is a leading online provider of services for experienced business travelers and commercial travel agents and was recently named the best site for online travel by The Times(1). 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. travelstore.com is one of Europe's premier online travel services designed specifically to provide a higher standard of travel management to commercial buyers. travelstore.com provides companies spending up to $1.5 million on business travel annually, access to the best fares and hotel rates previously only available to the largest companies, whose travel budgets sometimes run into millions of dollars. Specializing in easy access, top quality service and competitive pricing, travelstore.com (http://www.travelstore.com) offers a full range of travel planning and cost control services, including online booking, tQM (travelstore.com Quality Management) technology, 24-hour live customer support and travel expense tracking. travelstore.com also offers travel managers the ability to set travel policy and implement negotiated fare and rate programs quickly for all their registered travelers The Registered Traveler Pilot Program is an airline passenger security assessment system that was tested in the United States air travel industry in 2005. It was used in several U.S. and travel arrangers. Using Pegasus' private label reservations service allows travelstore.com to gain direct access to the 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 of more than 32,000 hotels, bolstering its existing Web site capability. The hotel inventory and booking engine allows online travelers to access real-time online hotel reservation capabilities and detailed property information and photos of independent hotels, as well as leading branded hotels in 180 countries. Through its agreement with Pegasus Solutions, travelstore.com has the ability to fully integrate Pegasus' hotel information into its Web site design, allowing for customization of Web content. The flexibility of Pegasus' service also allows travelstore.com to display special, exclusive discounted rates it has negotiated with any of the 32,000 hotels in the Pegasus Online Distribution Database. "The customers of travelstore.com are demanding business travelers, and we are working to deliver the level of quality they require with the most robust hotel data and reservation engine available," said travelstore.com's President and Chief Executive Officer Bill McFarlane McFarlane may refer to: In business:
Gideon Dean, Pegasus Solutions' senior vice president of international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , Pegasus Technology Group, said, "Our agreement with travelstore.com is significant because it allows us to utilize our central position in the industry to benefit our hotel customers, while providing travelstore.com with a broader mix of hotels that are attractive to its business traveler customers." With direct connections via the Pegasus Electronic Distribution system to hotels' central reservations systems, Pegasus provides travelstore.com similar hotel reservation and confirmation capabilities available through Pegasus' consumer retail site, TravelWeb.com (http://www.travelweb.com). By using Pegasus' service, travelstore.com can give business travelers the ability to efficiently shop, compare room rates and query room availability at hotels around the world, make reservations online and receive a confirmation in seconds. More than 107 Web sites have contracted with Pegasus to have their hotel reservations "Powered by Pegasus(TM)," including Expedia.com (http://www.expedia.com) (Nasdaq:EXPE), Hotel Reservations Network (http://www.hoteldiscounts.com) (Nasdaq:ROOM), lastminute.com (http://www.lastminute.com), HotelHub (http://www.justbookit.com), Accommodation Search Engine (http://www.ase.net) and Japan's Recruit Isize Travel (http://www.isize.com). During 1999, Pegasus processed Internet hotel bookings representing an estimated $500 million in room revenues. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. estimates by research firm Jupiter Communications, online travel bookings will grow to $16.6 billion by 2003, with hotel reservations commanding almost 25 percent of all bookings. Company Information travelstore.com aims to put travelers in control by providing a choice of 532 airlines, 40,000 hotels and 1,700 car rental companies -- with the convenience of a service available 24-hours-a-day, seven-days-a-week. Travel advisers are also on hand 24-hours-a-day, seven-days-a-week, on the end of a telephone, to help if required. The service also provides companies spending up to $1.5 million on business travel annually, access to the best fares and hotel rates previously only available to the largest companies, whose travel budgets sometimes run into millions of dollars. Additionally, an online management information service is available which, by pre-programming a company's existing travel policy into the system, will monitor activity and track expenditure on a daily, monthly or quarterly basis -- by executive, destination, department or airline. It also incorporates an automatic electronic authorization The right or permission to use a system resource; the process of granting access. See access control. system for companies that prefer to put a filtering process in place prior to the approval of ticketing. Dallas-based Pegasus Solutions, Inc. (http://www.pegsinc.com) is a leading provider of end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. reservation distribution solutions to the hotel industry worldwide. Its services include central reservation systems; third-party marketing and reservation representation services, including Utell, Summit Hotels & Resorts, Golden Tulip Worldwide, and Sterling Hotels & Resorts; electronic distribution services that connect more than 32,000 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 ); commission processing and payment services; the consumer travel Web site TravelWeb.com (http://www.travelweb.com); and data warehousing See data warehouse. data warehousing - data warehouse and database marketing and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . Pegasus' customers comprise more than 90,000 travel agencies around the world, including eight of the 10 largest U.S.-based travel agencies(2); approximately 35,000 hotel properties around the globe, including nine of the 10 largest hotel companies in the world based on total number of guest rooms(3); and 107 Web sites/services have contracted to have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has nearly 40 offices in more than 20 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 results, including anticipated transactions involving and services to be offered by Pegasus Solutions. These statements are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events and the future financial performance of the company and no assurances can be made regarding their eventual occurrence. Actual occurrences and results may differ substantially and materially from those projected as a result of risks and uncertainties 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 Registration Statement Form S-4 (File No.333-92685) filed on December 14, 1999, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . (1) The Times (United Kingdom), February 19, 2000 (2) Travel Management Convention Daily, July 18, 1999, "Top 25 U.S. Travel Agencies" (3) Hotel Business, February 7, 2000 |
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