SOURCE: OneLink Corp

March 26, 2008 09:15 ET

OneLink Looking Ahead

SAN FRANCISCO, CA--(Marketwire - March 26, 2008) - OneLink Corporation (PINKSHEETS: OLNK) 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 Information

  • Contact:
    Bill Guerin
    (415)293-8277