OneLink in Motion
December 11 2007 - 8:40AM
Marketwired
SAN FRANCISCO, CA announced today that it is establishing a plan
to bring its pioneering financial settlement service to the global
travel marketplace with a new transaction processing system. After
settling the legal and financial aspects of a lender default,
OneLink is now in a position to develop a plan to restore business
operations and transaction revenue.
"The past 12 months have been the most trying time in the
history of this young business," remarked Bill Guerin, OneLink
chairman and CEO, "addressing the issues of an unfortunate lender
default and the subsequent foreclosure action on our principal
revenue generating subsidiary. Though painful, the forced
divestiture of one subsidiary and the spin-off of our call center
business have served to simplify the OneLink organizational needs,
and have created an opportunity to keenly focus on our core
mission: the provision of an integrated booking and financial
settlement service for non-air travel products."
In addition to marketplace development, the Company plan will
address its investor and trade obligations, establishment of
long-term working capital, and restoration of its fully reporting
status with the SEC.
"The immense travel market opportunity for a financial
settlement service remains unaddressed. We are excited to be moving
forward once again with our committed travel distribution and
financial partners," stated Bill Guerin.
About OneLink Corporation:
OneLink Corporation (PINKSHEETS: OLNK) is a provider of
integrated booking and settlement processing services for travel
suppliers and their distributors. Headquartered in San Francisco,
the firm is the first of its kind to offer non-airline travel
suppliers the ability to distribute a pre-paid product through
travel agents worldwide, and to effect financial settlement through
a single, online global distribution and financial settlement
system. OneLink's mission is to increase the number and quality of
online bookings made through global retail travel channels while
improving cash flow and reducing distribution costs, ultimately
resulting in lower prices for the consumer. For more information,
visit http://www.onelinkcorp.com.
This press release is not a solicitation to buy or sell
securities. This press release includes 'forward-looking
statements' as defined by the Securities and Exchange Commission
(the 'SEC'). All statements, other than statements of historical
fact, included in the press release that address activities, events
or developments that the Company believes or anticipates will or
may occur in the future are forward-looking statements. These
statements are based on certain assumptions made based on
experience, expected future developments and other factors the
Company believes are appropriate in the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company.
Investors are cautioned that any such statements are not guarantees
of future performance. Actual results or developments may differ
materially from those projected in the forward-looking statements
as a result of many factors, including delays in development and
implementation of the Company's system, market acceptance of the
new system and problems in obtaining additional financing.
Furthermore, the Company does not intend (and is not obligated) to
update publicly any forward-looking statements. The contents of
this release should be considered in conjunction with the warnings
and cautionary statements contained in the Company's filings with
the SEC.
Contact: Bill Guerin (415)293-8277
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