"Our presence on TravelWeb.com extends our reach to an enormous number of potential travelers and further heightens awareness of the Budget brand on the Internet," stated Mark Sotir, president, Budget Rent a Car Corporation. "Through our partnership with TravelWeb.com, we're making it very convenient for our mutual consumers to book car rentals at the same time they make their other online travel plans, and vice versa."
"Since a large percentage of TravelWeb.com users are booking their hotels for 'road trips', the immediate access to Budget is a natural accompaniment," said John F. Davis, III, president and chief executive officer, Pegasus Systems. "Likewise, prominent exposure on Budget's home page allows us to reach a captive audience of consumers who are predisposed to buying travel online, further boosting our brand awareness among this growing segment of Internet users."
Launched in 1994, TravelWeb.com provides travelers anywhere in the world with direct access to the central reservation systems of nearly 26,000 hotels to check room availability, shop for the best rates, and conduct secure online reservations on a real time, interactive basis. In addition to Budget's car rental reservations, other features on TravelWeb.com include airline flight reservations, hotel photos, maps, weather, currency conversion and special discount programs, making TravelWeb.com a perfect "one-stop" travel site for both leisure and business travelers.
From now until May 31, 1999, consumers visiting Budget's web site can take advantage of a special 20 percent discount promotion on U.S. car rental reservations booked online. Web visitors should also frequent Budget's "Hot Deals" section for the latest in special offers from coast to coast. Other highlights on the site include comprehensive information about the company's worldwide products and services; a listing of rental locations by geographic area; travel tips and drivers' guides.
TravelWeb.com ( www.travelweb.com ) is a service of Dallas-based Pegasus Systems Inc.
[NASDAQ: PEGS]
. Pegasus Systems, Inc. ( www.pegsinc.com ) provides global electronic commerce and transaction processing solutions to hotels, travel agencies, meetings and convention planners, corporate travel departments and Internet businesses around the world. Pegasus' customers include four of the five largest travel agencies in the U.S. and nine of the 10 largest hotel companies in the world.
Budget Rent a Car Corporation, a wholly owned subsidiary of Budget Group, Inc.
[NYSE: BD]
, is one of the world's top three car and truck rental systems. The Budget system, which operates under the same name worldwide, has more than 3,200 airport and local market locations in over 120 countries and territories. Budget has nearly 1,000 corporate-owned and franchised locations in the United States. Budget's WorldClass Fleet is comprised of more than 30% specialty vehicles, ranging from sport utility vehicles, convertibles and luxury cars to minivans, pickups and environmental vehicles.
