SynXis Gives Customers Greater Distribution by Adding Pegasus Solutions' Switch to Connect to GDSs and Internet Sites.

Business Editors/Travel Writers/High-Tech Writers

DALLAS & MCLEAN, Va.--(BUSINESS WIRE)--Sept. 9, 2003

SynXis Corporation and Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today that they have signed a five-year agreement for SynXis to use Pegasus' switch for connecting to the global distribution systems (GDSs) and for online distribution via the Internet. Based in McLean, Va., SynXis Corporation is a leading provider of reservation management and distribution systems for the hospitality industry, and Dallas-based Pegasus Solutions is a leading global provider of hotel reservations-related services and technology.

Under the agreement, SynXis will use the Pegasus Electronic Distribution Switch to connect its hotels, resorts and conference centers to the major GDSs, enabling travel agents to book rooms seamlessly. With its use of Pegasus' switch, SynXis will transfer GDS processing for many of its 20 chain codes to Pegasus. Introduced by Pegasus after the company's founding in 1989, the switch processes GDS and Internet hotel reservations for more than 200 brands, representing 44,000 hotels.

Additionally, SynXis continues to connect to Pegasus to distribute room inventory, rates and information via the Internet. The company's properties are included in Pegasus' Online Distribution Database of approximately 45,000 hotels worldwide, which feeds detailed information and more than 75,000 images to the thousands of Web sites in Pegasus' Online Distribution Network.

"We have added GDS processing to our services from Pegasus due to the high volume of online bookings we've seen using Pegasus' electronic distribution," said Rick Betz, COO and executive vice president of marketing and sales for SynXis Corporation. "Additionally, we've been impressed with the service we've received from Pegasus which impacted this decision. We're pleased to add GDS processing and look forward to implementation this fall."

Bob Boles, executive vice president of sales and marketing for Pegasus Solutions, said: "Our expanded agreement with SynXis reflects the successful approach Pegasus takes to deliver on a solid technology services strategy. We bring to the table a combination of proven service offerings, flexibility and staff with an in-depth understanding of the evolving hospitality industry. SynXis' decision reinforces our customers' continuing trust in us."

SynXis(R) Corporation's Internet-native ASP solution delivers full electronic distribution and reservations management capabilities to the worldwide hospitality industry. The SynXis Reservation Management System, at the solution's core, empowers hotel operators to consolidate and manage hotel inventory from all sources -- seamless GDS connectivity, over 1,200 popular Internet travel sites, private-label central reservations systems and full-service hotel Web sites. It also helps hotels build revenue by enabling them to independently manage each distribution channel from one easy-to-use control center. All of these reservations can connect directly with the PMS. SynXis does not require major upfront investment and hotels can realize substantial cost savings with SynXis' simple transaction-based pricing model. SynXis is the technology source for more than 4,600 hotels, bed and breakfasts, resorts, and destinations, including Harrah's, VIP International, Interstate Hotels & Resorts, Colonial Williamsburg and Jumeirah Hotels.

SynXis' corporate headquarters are in McLean, Va., with offices in Denver and Amsterdam. For more information on SynXis and its products, please call 703-448-2530, e-mail info@synxis.com, or visit our Web site at www.synxis.com.

Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservations-related services and technology. Its services include central reservations systems; electronic distribution services that connect more than 45,000 hotels to the Internet and to the global distribution systems (GDS); travel agent commission processing and payment services; the Utell marketing and reservation representation service (www.Utell.com); and PegasusCentral(TM), a Web-based enterprise solution with property management applications. Pegasus' customers comprise the majority of travel agencies around the world, including the 10 largest U.S.-based travel agencies(1); more than 48,000 hotel properties around the globe, including all of the 50 largest hotel brands in the world based on total number of guest rooms(2); and thousands of Web sites/services that have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Scottsdale and Singapore. The company's stock is traded on the Nasdaq National Market under the symbol PEGS.

Some statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding future events, financial performance and financial projections, as well as management's expectations, beliefs, hopes, intentions or strategies regarding the future. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from current expectations. Factors that could cause or contribute to such difference include, but are not limited to, terrorist acts or war, global health epidemics, variation in demand for and acceptance of the company's products and services and timing of sales, general economic conditions including a slowdown in technology spending by the company's current and prospective customers, failure to maintain successful relationships with and to establish new relationships with customers, the success of the company's international operations, the level of product and price competition from existing and new competitors, changes in the company's level of operating expenses and its ability to control costs, delays in developing, marketing and deploying new products and services, as well as other risks identified in the company's Securities and Exchange Commission filings, including those appearing under the caption Risk Factors in the company's 2002 Annual Report on Form 10-K.

(1) Travel Weekly, June 23, 2003, "Top 50 Travel Agencies"

(2) Hotel Business, February 7, 2002, "The Top Hotel Brands" --

ranked by total number of rooms (2001)