| LONDON (March 11, 2005) �Electrobug Technologies Ltd, and Pegasus Solutions,
Inc. have launched the new RateChecker� service for participating Utell
by Pegasus� member hotels. The innovative rate intelligence solution
provides real-time competitive information to improve hotel revenue management
decision-making. Dallas-based Pegasus Solutions is a global leader
in providing technology and services to hotels and travel distributors.
Electrobug is widely known for its suite of online data retrieval tools
for price tracking, currently in use at a number of retailers, airlines,
hotels, and online travel agencies.
Powered by the Web-crawling technology of Electrobug, Pegasus has tailored
RateChecker to meet the needs of independent hotels. Hotels using the RateChecker
service can select particular Web sites to monitor, and identify certain
hotels to compare pricing metrics. Hoteliers can also monitor various
advance booking rates, and contrast rates for differing lengths of stay
to ensure profitable everyday pricing.
�We are delighted to work with Pegasus to provide their customers access
to our leading channel management toolset,� said Mark Heynen, Managing
Director of Electrobug Technologies Ltd. �Our relationship with Pegasus
validates what our own customers have been telling us � our technology
is more reliable and flexible than anything on the market today for real-time
rate tracking.�
Independent hotels can choose from one of three service options, depending
on their requirements in terms of flexibility and competitive set:
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Bronze - the ideal package for small hotels, monitoring 5 competitors
from 5 travel Web sites with a weekly data refresh.
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Silver - a mid-level package, viewing 7 competitors on 7 Web sites,
with data refreshed daily.
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Gold - a highly flexible package designed for larger hotels in city
locations, this level includes real-time monitoring of 10 competitors on
up to 20 Web sites.
The RateChecker service can also monitor package deals and multiple-night
offerings by hotels, allowing hotel management to view promotions at competing
properties that range from two to 30 nights.
�Pegasus Solutions selected Electrobug as business partner because of
their market-leading technology� said Peter Fitzgerald, vice president
of EMEA sales for Pegasus Solutions. �RateChecker allows hotels to
focus on their main revenue generating activities, whilst letting Pegasus
Solutions automation keep tab of changing market conditions�
About Electrobug Technologies
 Electrobug
Technologies (www.electrobug.com),
based in London, England, was initially conceived on the notion that the
"Internet is the database." The company has been active for over five years,
and has developed a suite of online data retrieval tools for price tracking,
currently in use at a number of retailers, airlines, hotels, and online
travel agencies. These tools automatically retrieve prices from various
web sites, normalize the data sets, and report the results to a set of
customized Excel and HTML reports that are utilized for channel management
and competitor price intelligence. Electrobug�s clients include Lufthansa,
Sol Melia Hotels, Expedia, Lastminute.com, Priceline.com, Sainsburys, and
Tesco.
About Pegasus Solutions
Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) is a global leader
in providing technology and services to hotels and travel distributors.
Founded in 1989, Pegasus� customers include a majority of the world�s travel
agencies and nearly 60,000 hotel properties around the globe. Pegasus�
services include central reservation systems, electronic distribution services,
commission processing and payment services, property management systems,
and marketing representation services. The company�s representation
services, including Utell by Pegasus� and Unirez by Pegasus�, are used
by nearly 8,000 member hotels in 140 countries, making Pegasus the hotel
industry�s largest third-party marketing and reservations provider.
Pegasus has 17 offices in 12 countries, including regional hubs in London,
Scottsdale and Singapore. For more information, please visit www.pegs.com.
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