Pegasus Implements Technology Agreement with APMC

Pegasus Solutions

(Nasdaq: PEGS) today announced it has implemented a technology
services agreement with San Diego-based American Property Management
Corporation (APMC) to provide Pegasus` new Web-based PegasusCentral
property management system (PMS) to select APMC independent
APMC is a hotel management company that owns and operates
34 independent and chain branded hotels.  Dallas-based Pegasus
Solutions is a leading provider of hotel industry transaction
processing solutions and electronic commerce services.

Prava Hotel in San Diego, Continental Surf Hotel and Kuhio Village
Resort, both in Honolulu, are the first APMC hotels to implement
PegasusCentral.  In addition, the full-service Amberley Suite Hotel in
Albuquerque, N.M., is expected to go live with PegasusCentral in 3rd
quarter 2002.

PegasusCentral is the industry`s first Web-based PMS offered on an ASP
basis.  Participating APMC hotels are using Pegasus` new system to
manage daily on-site operations of all hotel departments, such as
check-in and check-out of hotel guests, sales and financial tracking
and forecasting, comprehensive guest profiles, and inventory

Prava Hotel, formerly Harbor Lights Resort, is a 58-suite,
full-service boutique hotel located in the heart of San Diego`s
historic Gaslamp Quarter.  Prior to going live with PegasusCentral in
December 2001, Prava Hotel utilized a manual process for checking in
guests, generating property reports and managing its hotel
departments.  According to General Manager Guy O`Nan, PegasusCentral
is exceeding his expectations. 


“Throughout my hotel career I`ve had the opportunity to try nearly
every PMS on the market.  PegasusCentral offers the best blend of
impressive functionality and ease of use and also comes with an
economical price tag,” O`Nan said.  “Whether generating a financial
report or training a front desk employee, PegasusCentral is a breeze
to navigate with its browser-based foundation.  And because
PegasusCentral is available in an enterprise model, I`m always
confident that my hotel data is backed up and secure and that I`m
accessing the latest version of the application.”

O`Nan also cited the appeal of PegasusCentral`s unique guest folio
feature.  Unlike other PMSs, PegasusCentral allows hotel staff to pull
up a guest`s complete payment history by name or credit card account
number regardless if more than one card number has been used
historically, enabling them to provide more customized service. 

Located near Waikiki Beach, the 143-room, 22-story Continental Surf
Hotel and the 156-room Kuhio Village Resort implemented PegasusCentral
in April 2002.  General Manager Lou Walsh oversees both APMC
properties, which are about 100 yards apart.  According to Walsh,
PegasusCentral`s multi-property architecture is one of his favorite
features of PegasusCentral. 

“Before adopting PegasusCentral, I had to physically go back and forth
between the two properties to review our hotel data.  With
PegasusCentral, all I need is my computer and password and I can
access the property data of both hotels from anywhere, at anytime,”
Walsh said.  “I know PegasusCentral is a hit with others on our staff,
from housekeeping to accounting to front desk personnel.  As a result
of implementing the Pegasus PMS, we are able to function more
effectively so we can concentrate more on our guests` satisfaction.”

According to Bob Bennett, Pegasus Solutions` senior vice president of
Property Systems & Services, Walsh and APMC were so confident in
PegasusCentral`s reliability that only one day after installing
PegasusCentral at the Kuhio Village Resort, the property opened its
doors for business for the first time since having closed for a brief
period in conjunction with the change in ownership.

“APMC property managers` positive feedback about PegasusCentral
supports our position that Pegasus` Web-based PMS is perfect for full-
or limited-service hotels of all sizes and locations,” Bennett said.
“PegasusCentral`s functionality is scalable to fit the individual
needs of virtually any type of property.”

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