OneLink Looking Ahead
March 26 2008 - 8:15AM
Marketwired
SAN FRANCISCO, CA announced today that it is moving ahead with
execution of a strategy that will require several months to restore
business operations. After settling the legal and financial aspects
of a lender default last November, OneLink is continuing its
efforts to restore business operations and transaction revenue.
"There is a great deal of work to do this year, but we now have
a plan of attack," commented Bill Guerin, OneLink chief executive
officer. "It will take several months and the support of our
investors and creditors before normal operations may be
restored."
In addition to marketplace development, the Company needs to
address its investor and trade obligations, establishment of
long-term working capital, and restoration of its fully reporting
status with the SEC. Our common share authorization remains at 295
million with fewer than 184 million shares currently issued and
outstanding. There are 5 million preferred shares authorized, but
none have been issued.
"The immense travel market opportunity for a financial
settlement service has been validated by recent trade
announcements; however the market remains unaddressed. It feels
great to see a potential future with the opportunity as large as
ever," stated 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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