Pegasus Solutions, Inc. announced that at a special stockholder meeting today in Dallas, the stockholders of the company voted to adopt the merger agreement providing for the acquisition of Pegasus by an entity currently controlled by Prides Capital Partners, LLC. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors.

The proposed merger was announced on December 19, 2005 and is expected to be completed on May 4, 2006, subject to the satisfaction or waiver of all the closing conditions set forth in the merger agreement. Under the terms of the merger agreement, Pegasus stockholders will receive $9.50 per share in cash without interest for each share of common stock.