OneLink (CE) (USOTC:OLNK)
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OneLink Corporation (OTCBB: OLNK) today reiterated its focus on its core
transaction processing business providing integrated distribution and
settlement processing services. The events of the past 60 days,
including the planned divestiture of the company’s
call centers, have allowed the company to evaluate and reduce
personnel-intensive costs and deploy its resources back into its high
value business model.
“OneLink management had previously made a
decision to divest its call centers and spin-out the CCRA travel
marketing business unit as the first OneLink transaction processing
customer,” said Bill Guerin, chairman and
chief executive officer of OneLink Corporation. “OneLink’s
lender action of selling the Reservation Center, Inc. subsidiary moves
us more rapidly beyond our success with CCRA and to focus our business
development initiatives with other travel marketing organizations,
distribution partners and travel providers in the U.S. and abroad.”
As the company has previously discussed, it intends to target domestic
and international distribution partners that can most immediately take
advantage of its current pre-paid hotel content and financial settlement
services within their client offering. OneLink continues to engage in
efforts to raise growth capital and expand its services globally.
“OneLink has experienced a growing industry
interest this quarter, and even though the events of the past few months
may have put us somewhat behind schedule, we fully expect a strong
showing in 2007,” concluded Guerin.
About OneLink Corporation
OneLink Corporation (OTCBB: OLNK) is a provider of integrated booking
and settlement processing services for travel suppliers and their
distributors. The firm is the first of its kind to offer non-airline
travel suppliers the ability to distribute a pre-paid product to
consumers through travel agents worldwide, and to recognize 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. Headquartered in San Francisco, OneLink is operated by an
experienced team of travel distribution professionals, financial
settlement experts and established global technology specialists. For
more information, visit 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, creditor actions 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 recent filings with the SEC.
OneLink Corporation (OTCBB: OLNK) today reiterated its focus on
its core transaction processing business providing integrated
distribution and settlement processing services. The events of the
past 60 days, including the planned divestiture of the company's call
centers, have allowed the company to evaluate and reduce
personnel-intensive costs and deploy its resources back into its high
value business model.
"OneLink management had previously made a decision to divest its
call centers and spin-out the CCRA travel marketing business unit as
the first OneLink transaction processing customer," said Bill Guerin,
chairman and chief executive officer of OneLink Corporation.
"OneLink's lender action of selling the Reservation Center, Inc.
subsidiary moves us more rapidly beyond our success with CCRA and to
focus our business development initiatives with other travel marketing
organizations, distribution partners and travel providers in the U.S.
and abroad."
As the company has previously discussed, it intends to target
domestic and international distribution partners that can most
immediately take advantage of its current pre-paid hotel content and
financial settlement services within their client offering. OneLink
continues to engage in efforts to raise growth capital and expand its
services globally.
"OneLink has experienced a growing industry interest this quarter,
and even though the events of the past few months may have put us
somewhat behind schedule, we fully expect a strong showing in 2007,"
concluded Guerin.
About OneLink Corporation
OneLink Corporation (OTCBB: OLNK) is a provider of integrated
booking and settlement processing services for travel suppliers and
their distributors. The firm is the first of its kind to offer
non-airline travel suppliers the ability to distribute a pre-paid
product to consumers through travel agents worldwide, and to recognize
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.
Headquartered in San Francisco, OneLink is operated by an experienced
team of travel distribution professionals, financial settlement
experts and established global technology specialists. For more
information, visit 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, creditor actions 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 recent filings with the SEC.