Message #7 From:
NewsBot Date: November 15, 2006 01:30:00 PM
OLNK News OneLink Corporation Delays Filing Third Quarter 10-QSB
SAN FRANCISCO--(BUSINESS WIRE)--OneLink Corporation (OTCBB:OLNK), today announced it would delay filing
its quarterly report on Form 10-QSB due November 14, 2006.
The reason for the delay is recent events and resources, including the
previously disclosed default on notes to its primary lender and
subsequent foreclosure proceeding on the Reservation Center, Inc.
subsidiary.
After events of the past 60 days, OneLink resumes focus on its core
transaction processing business providing integrated distribution and
settlement services and obtaining funding for these operations.
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.
