Pegasus Solutions, Inc.
(NASDAQ: PEGS) and The LastMinuteTravel(R) Network announced an agreement for Pegasus to provide online hotel reservation capabilities for LastMinuteTravel.com
(R).

Last-minute travelers will now have the ability to find deals and make hotel bookings instantly at more than 44,000 hotels. Dallas-based Pegasus Solutions is a leading provider of hotel industry transaction processing solutions and electronic commerce services.

“We are pleased to have the opportunity to work with The LastMinuteTravel Network,” said Gideon Dean, senior vice president of sales, Pegasus Solutions. “The last minute travel segment is becoming an enormous part of the overall travel marketplace and LastMinuteTravel is uniquely positioned to offer our hotel booking technologies to their growing customer base.”

The new and improved LastMinuteTravel Network is in phase one of its re-launch program. The new site design was introduced on LastMinuteTravel.com on June 19, and additional enhancements, such as the new hotel booking feature with Pegasus Solutions, will continue to be rolled out over the next 30 days.

“Over the next month consumers will find a new LastMinuteTravel.com that fulfills its proposition of being the easiest place to both find and purchase affordable travel at the last minute,” said Alan Greenberg, chairman and CEO of The LastMinuteTravel Network. “The agreement with Pegasus is integral to our new site strategy that allows us to offer instant access to the largest variety of hotel inventory, as well as an easy-to-use booking feature right on the site,” added Greenberg.

Pegasus` services will enable LastMinuteTravel customers to view detailed property information, rates and photos, and secure instant real-time reservations 24 hours a day at hotels worldwide. More than 40 percent of the hotels in Pegasus` Online Distribution Database(TM) are located outside the United States.

Related stories on ITN:

(05/06/2002) Priceline.com Launches Name Your Own Price on LastMinuteTravel

(03/06/2002) RCI Holiday Network Selects LastMinuteTravel To Offer Vacation Property Rentals

(28/06/2002) LastMinuteTravel Doubles Sales

(30/01/2002) Corporate Reorganisation for LastMinuteTravel

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