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Pegasus Solutions Expands Relationship with American Express Europe

Pegasus Solutions, Inc. announced the signing of a hotel commission processing contract with American
Express’ European subsidiary. American Express Europe will use Pegasus’ hotel
commission processing and reconciliation functions for its travel offices in Africa,
Australia, Europe, the Middle East and New Zealand, which includes approximately
1,200 agency locations in about 34 countries. Pegasus announced the agreement today
at the ITB exhibition in Berlin.

Pegasus monitors and reconciles bookings and commissions from hotels in delivering
its commission processing service. Pegasus collects commissions from the hotels,
ultimately sending detailed reconciliation reports by hotel brand, along with
consolidated commission payments, to American Express in its choice of currency.
Dallas-based Pegasus Solutions is a leading worldwide provider of hotel
reservations-related services and technology.