Bzdawka joins Pegasus after two years with Security Capital Group, where he served as vice president of strategic information systems and chief information officer of Homestead Village. In this position, Bzdawka was responsible for the implementation and support of telecom and information strategic systems for Homestead Village. Bzdawka�s career also includes a focus on electronic distribution with 12 years in management positions with SABRE Decision Technologies and Hyatt Corporation.

�With more than 14 years of experience in operations and technology in the hospitality industry, Jeff brings a fresh and seasoned perspective to one of our fastest growing services,� said Bill Nicholson, Pegasus Systems� chief operating officer. �Jeff�s extensive understanding of the ever-changing hotel/travel industry serves as a solid foundation in his leadership role of Pegasus Commission Processing. We look to him to help spearhead the continued success of this globally adopted service and direct future strategic service enhancements to support the changing needs of the industry.�

Bzdawka is recognized as an expert in helping to drive the advancement of technology in the hospitality industry.  He has been an active player on several industry committees and holds a degree in hotel, restaurant and institutional management from The University of Wisconsin - Stout in Menomonie, Wis.

Pegasus Commission Processing Service (http://www.hccnet.com), formerly HCC, is a hotel commission processing service that Dallas-based Pegasus Systems, Inc. has offered since 1992.  More than 83,000 travel agency locations in 207 countries, including seven of the top 10 U.S. travel agencies, rely on Pegasus for the collection, processing and consolidation of commission payments due them from hotels.  In total, more than 70 hotel companies participate, representing more than 24,000 contracted properties in over 159 countries.  Monthly, Pegasus processes more than $25 million in hotel commissions.

Pegasus Systems, Inc. (http://www.pegsinc.com) provides electronic commerce and transaction processing solutions to hotels, travel agencies, meetings and convention planners, corporate travel departments and Internet businesses worldwide, as well as operates its own consumer travel reservations site, TravelWeb.com (http://www.travelweb.com). Pegasus� customers include nearly 30,000 hotel properties around the globe and nine of the 10 largest hotel companies in the world based on total number of guest rooms. Pegasus Systems has its headquarters in Dallas and offices in London. The company�s stock is traded on the Nasdaq National Market under the symbol PEGS.

This news release contains statements relating to future results, including services to be offered by Pegasus Systems, which are forward-looking statements regarding future events and the future financial performance of the company and for which no assurances can be made. Actual results may differ materially from those projected as a result of certain risks and uncertainties detailed in the Company�s periodic reports and registration statements filed with the Securities and Exchange Commission.