Three-year Contract to Offer Travel Agencies Guaranteed, Timely and Reliable Payments

Stockholm�s Scandic Hotels has re-signed its contract with Pegasus Solutions� Global Commission Processing for another three years, extending the hotel�s relationship with the leading global commission services provider to seven years.

�Our team of 7,000 strives to do business in a way that makes everyone feel good, from travelers and members of the community to buyers and agents,� said Tim McCarthy, Director of Business Intelligence and Support for Scandic Hotels. �Teaming with Pegasus, we demonstrate our commitment to both buyers and agents. They know a contract with Pegasus means they will be paid, and they will be paid on time, quickly and efficiently. For us, that translates into sustainable bookings.� With Pegasus� Global Commission Processing, agents that book with Scandic Hotels receive monthly commission payments in any of 37 currencies offered. Additionally, buyers can opt to �go green� with direct deposit, which minimizes both the carbon footprint and speed of payments.

�Scandic Hotels values the benefits of partnering with Pegasus to keep travel agents happy, which is why this extension is an indispensable move for the company,� said Mark S. Dubrow, president of Pegasus financial services. �Pegasus consolidates and distributes agency and intermediary commissions not only to minimize work on the hotel side, but also to ensure that more than 60,000 agencies worldwide have access to various payment and reporting options so they receive their payments when and how they want them.�

Scandic Hotels has more than 152-properties throughout the Nordic and Northern European region catering to both leisure and business travelers. Pledging quality accommodations, a high level of service, and value, Scandic Hotels is also recognized for its industry-leading sustainability programs benefiting the environment, the community and its business.

Pegasus Solutions is the hospitality industry�s leading provider of commission processing services, paying more than $500 million in commissions annually. Worldwide, the company�s commission processing services serve in excess of 35,000 properties, as well as the majority of travel agencies and travel distributors in more than 200 countries.

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About Pegasus Solutions Inc Pegasus Solutions is the world�s leading provider of technology and services to hotels and travel distributors, supplying state-of-the-art central reservation systems and electronic distribution services, advanced agency commission processing and payment services, and hotel marketing representation services. Founded in 1989, Pegasus created and launched the hotel switch, and today its customers include more than 90,000 properties around the globe as well as a majority of the world�s travel agencies. Additionally, Pegasus� powerful representation arm incorporates Utell� Hotels & Resorts and Utell Connect, services that have been chosen by nearly 11,000 member hotels in more than 130 countries, making Pegasus the hotel industry�s largest third-party marketing, sales and reservations specialist. Pegasus also powers the niche consumer Web site www.hotelbook.com�, dedicated to promoting independent and boutique hotels throughout the world. Headquartered in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com or www.utell.com.

For further information, please contact: Mandy Murphy, Utell, +44 (0) 20 8490 4877 Mandy.Murphy@pegs.com