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Pegasus Systems Signs Lowestfare.com for Hotel Reservations

Travel e-commerce site Lowestfare.com signed with Pegasus Systems Inc. for private label, real-time online hotel booking capabilities.

Lowestfare.com is scheduled to implement Pegasus' online booking engine in late April 2000. Financial arrangements were not disclosed.

Pegasus provides hotel industry transaction processing solutions to other companies and also operates its own consumer Internet travel reservations site at TravelWeb.com.

Through Pegasus, Lowestfare.com will gain direct access to the central reservations systems of more than 32,000 hotels, enabling it to display real-time room availability and rate information. The flexibility of the Pegasus Private Label Reservation Service allows Lowestfare.com to display special, exclusive discounted rates that it has negotiated with any of the hotels in the Pegasus online distribution database.

"Pegasus complements our existing travel reservation capabilities by providing access to a significant hotel room inventory along with advanced booking features such as detailed search criteria, maps of hotel locations and instant confirmations and online cancellations," said Ken Swanton, chief executive officer of Lowestfare.com.

Other Pegasus hotel reservation service clients Expedia.com Hotel Reservations Network the Denver Metro Convention & Visitors Bureau and Japan's Recruit Isize Travel.