OneLink Closes Second Deal Under New Sales Initiative
January 03 2007 - 7:30AM
PR Newswire (US)
SAN FRANCISCO, Jan. 3 /PRNewswire-FirstCall/ -- OneLink Corporation
(OTC PINKSHEETS: OLNK) announced today that it has closed a
contract with the Vertical Group, one of the UK's leading providers
of travel IT solutions. The Vertical Group currently services over
10,000 travel professionals, and is one of the oldest and most
established IT solutions providers in the industry. This marks the
second major contract that OneLink has closed in the past 30 days,
and builds upon the market opportunity created by the signing of
partner Red Sky IT (also representing approximately 10,000 UK
travel professionals). "We are thrilled to team up with a respected
group like Vertical," remarked Bill Guerin, OneLink chairman &
CEO. "With the addition of a second major partner in the UK travel
distribution market, we are confident of establishing a strong
presence in this major European travel market when these two
systems integrations are completed. Our ability to provide travel
agents with guaranteed commissions on hotel bookings will give us a
truly compelling advantage in this market." The OneLink service
contract provides for a dynamic XML link to the innovative booking
engines and desktop systems provided by the Vertical Group. As part
of the Vertical Group, OneLink will work with TARSC and integrate
with their travel agency management systems. "Performing
integrations with both Vertical Group and Red Sky IT in parallel
will be very favorable to our costs and timeline for going live,
accelerating our time to market and realization of potential
transaction revenue," commented Guerin, "This is a very exciting
time for OneLink." About OneLink Corporation OneLink Corporation 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 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. Headquartered in San Francisco,
OneLink is operated by an experienced team of travel distribution
specialists, financial settlement experts and global technology
specialists. http://www.onelinkcorp.com/ About the Vertical Group
Vertical Group is a leading UK provider of computerized travel
agency management systems, tour operator management systems, and
point of sale solutions. The Vertical Group, and its TARSC business
unit, are proud of their reputation as one of the longest
established and largest providers of travel agency management
systems. Over 10,000 UK travel professionals use the Vertical Group
travel management and point of sale systems to conduct their daily
business on behalf of their retail clients.
http://www.verticalgroup.co.uk/ Safe Harbor 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.
For investor relations information, contact: Gabe Sandler Sandler
Communications Inc. Tollfree: 866-772-0118 Email:
http://www.sandlercommunications.com/ DATASOURCE: OneLink
Corporation CONTACT: Gabe Sandler of Sandler Communications Inc.,
866-772-0118, Web site: http://www.onelinkcorp.com/
http://www.verticalgroup.co.uk/
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