OneLink Confirms Timetable for European Market Entry
September 19 2006 - 9:30AM
PR Newswire (US)
Shifts in UK Leisure Travel Market, U.S. Market Acceptance of
Company's CCRAtravel.com Portal Generate Favorable Climate for
European Rollout SAN FRANCISCO, Sept. 19 /PRNewswire-FirstCall/ --
OneLink Corporation (OTC:OLNK) (BULLETIN BOARD: OLNK) today
announced it is proceeding on schedule with its timetable for the
introduction of its integrated, Web-based booking and settlement
service to the United Kingdom travel agent market. The company
expects to have initial contracts with UK travel technology vendors
signed over the next 30 days, with transactions commencing in
January of 2007. OneLink's groundbreaking service, introduced to
U.S. travel agents through its CCRA International business unit
earlier this year, continues to experience expanding industry
interest. Powered by OneLink's booking and settlement technology,
the CCRA portal offers the ability to make reservations at over
80,000 top hotel properties worldwide, with settlement for certain
bookings made upfront at the time of booking. Adding support for
OneLink's UK upcoming rollout are the technology and marketing
shifts occurring in the British leisure travel industry. For the
past thirty years, UK consumers have typically purchased
all-inclusive holiday travel packages; in fact, packages accounted
for 70% to 80% of all holiday tours as recently as five years ago.
Since then new technologies, as well as the emergence of low-cost
airlines and other industry changes, have made dynamic packaging --
the ala carte assembly of travel packages -- possible.
"Foundational changes in the UK leisure travel marketplace have
caused pre-set holiday packages to drop in popularity," said Bill
Guerin, chairman and chief executive officer of OneLink. "This new
era of customized travel fits perfectly with OneLink's business
model. We believe the timing is favorable for our upcoming entry in
the UK, and eventually for our expansion throughout continental
Europe." In 2004, UK travelers made 64.2 million visits abroad,
representing $56 billion (all figures in U.S. dollars) in travel
and tourism expenditures; of this, $17 billion was spent on package
holiday travel and $20 billion on non-package travel. Over half of
all leisure trips (54%) were non-package in nature. Independent
travel agents -- the prime market for OneLink's integrated booking
and settlement service -- account for a significant percentage of
the overall British travel industry. Currently there are more than
7,300 leisure- based, independent travel agencies in Great Britain,
comprising over 30,000 agent desktops. These independent agencies
generated approximately $12 billion in annual travel revenue in
2004, the latest year for which figures are available. About
OneLink Corporation: OneLink Corporation (OTC:OLNK) (BULLETIN
BOARD: 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 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 professionals, financial settlement experts and
established global technology specialists. For more information,
visit http://www.onelinkcorp.com/ . For more information about CCRA
International and the CCRA portal, visit http://www.ccratravel.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 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. DATASOURCE: OneLink Corporation CONTACT: Steve Simon
of S&S Public Relations, +1-847-955-0700, ext. 9347, Web site:
http://www.ccratravel.com/ http://www.onelinkcorp.com/
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