SOURCE: OneLink Corporation

December 11, 2007 09:40 ET

OneLink in Motion

SAN FRANCISCO, CA--(Marketwire - December 11, 2007) - OneLink Corporation (PINKSHEETS: OLNK) 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 Information

  • Contact:
    Bill Guerin
    (415)293-8277