Newtrade Technologies Inc. Announces Connectivity Agreement with Pegasus Solutions Newtrade's customers gain direct connectivity to Pegasus

Under the terms of the agreement, Newtrade's clients, including online travel agents, convention and visitor bureaus, destination management organizations and other distributors selling hotels will now have the ability to connect directly to the central reservations systems of Pegasus' hotel customers, which include more than 150 hotel brands. "Our customers will benefit from a larger selection of hotels worldwide, increasing their competitiveness and playing field, and the 40,000 hotels connected to Pegasus' Electronic Distribution System will have the opportunity to be sold on Newtrade's contracted distribution channels," stated Barry Gleason, Vice-President, Sales and Marketing, Newtrade Technologies Inc.

About Newtrade Technologies

Newtrade Technologies Inc. delivers advanced e-business solutions that enable hospitality and travel companies to optimize online operations and sales performance. Newtrade's innovative platform, TravelSpaces, provides automation, end-to-end connectivity and e-channel distribution management solutions through various distribution channels, including Global Distribution Systems (GDS), reducing costs and maximizing visibility and revenues. Newtrade is a privately held company with its head office in Montreal.

For more information on Newtrade and its solutions, consult our web sites at www.newtradetech.com or www.travelspaces.com.

About Pegasus

Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservation technologies. Its services include central reservations systems; electronic distribution services that connect more than 40,000 hotels to the Internet and to the global distribution systems (GDS); travel agent commission processing and payment services; the consumer Internet site TravelWeb.com (www.travelweb.com); the Utell marketing and reservation representation service (www.Utell.com); and PegasusCentralTM, a Web-based enterprise solution with property management applications. Pegasus' customers comprise more than 100,000 travel agencies around the world, including nine of the 10 largest U.S.-based travel agencies1; more than 42,000 hotel properties around the globe, including 18 of the 20

largest hotel companies in the world based on revenues and total number of guest rooms2; and more than 1,000 Web sites/services have their hotel reservations Powered by Pegasus™. In addition to its corporate headquarters in Dallas, Pegasus has 35 offices in 22 countries, including regional hubs in Phoenix, London and Singapore. The company's stock is traded on the

Nasdaq National Market under the symbol PEGS.

1 Travel Weekly, June 26, 2000, "Top 50 Travel Agencies"
2 Business Travel News, May 29, 2000, "The Top Hotel Companies"