OneLink Corporation Delays Filing Third Quarter 10-QSB.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- OneLink Corporation (OTCBB OTCBB See OTC Bulletin Board (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 foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. proceeding on the Reservation Center, Inc. subsidiary. After events of the past 60 days, OneLink resumes focus on its core transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. 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 distribution costs distribute npl → Vertriebskosten pl , 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell securities. This press release includes "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence actions and problems in obtaining additional financing. Furthermore, the Company does not intend (and is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. ) 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. |
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