Message #8 From:
NewsBot Date: November 16, 2006 05:00:00 AM
OLNK News OneLink Corporation Renews Focus on Core Business
SAN FRANCISCO--(BUSINESS WIRE)--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.
