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SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 29, 1999
OneLink Communications, Inc.
(Exact name of small business issuer as specified in its charter)
Commission file number: 0-25764
Minnesota 41-1675041
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
10340 Viking Drive, Suite 150 55344
Eden Prairie, MN (Zip Code)
(Address of principal executive offices)
612-996-9000
(Registrant's telephone number, including area code)
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Item 5. OTHER EVENTS
The Registrant's Press Release dated July 29, 1999, which is filed
as Exhibit 99.1 to this Form 8-K is incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1. Press Release dated July 29, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ONELINK COMMUNICATIONS, INC.
(Registrant)
Date: August 13, 1999 BY: /S/ Paul Lidsky
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Paul Lidsky, President, Chief Executive
Officer and Director (principle executive
and financial officer)
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EXHIBIT 99.1
ONELINK COMMUNICATIONS, INC. ANNOUNCES SECOND
QUARTER RESULTS; TELESMART DRIVES PERFORMANCE PROGRESS
MINNEAPOLIS, July 29 /PRNewswire/ -- OneLink Communications, Inc. (OTC
Bulletin Board: ONEL - news) - a provider of enhanced business services to
the telecommunications industry -- announced its second quarter results today.
SECOND QUARTER/YEAR-TO-DATE HIGHLIGHTS:
- - Gross profit increased 25%, compared to the second quarter of 1998 and
increased 62% year-to-date, compared to the first six months of 1998.
- - TeleSmart(TM) data processing revenues increased 225%, compared to the
second quarter of 1998 and increased 362% year-to-date, compared to first
half of 1998.
- - TeleSmart gross margin percentage increased 22% year-to-date over the same
period of 1998.
- - Net loss from continuing operations for the second quarter was consistent
with the prior year period while year-to-date losses decreased 18% over
the same period in 1998.
"Beyond our financial improvement, which was driven by our flagship TeleSmart
Data Services product, we made significant progress in continuing to
penetrate our target market by signing a consulting services contract with a
Midwestern Regional Bell Operating Company (RBOC). After technical
preparations are completed with the fulfillment of this contract, we expect
that the RBOC will begin offering TeleSmart and generating service bureau
revenue for OneLink," said Paul Lidsky, President and CEO of OneLink.
"This RBOC will be the third incumbent local exchange carrier (ILEC) to
introduce TeleSmart as a value-added service to business customers in the
last year, joining U S WEST and Cincinnati Bell. We are in discussions with
all of the remaining RBOCs and some of the largest independent telephone
companies, and we are confident that at least one more phone company will
contract for our services this year," he added.
Lidsky noted that recent articles about the company and TeleSmart have begun
to appear in industry trade publications and analyst reports as a result of
its second quarter media tour. "The publicity is fueling additional interest
in our product as a highly attractive way to increase telephone company
revenues and cement customer loyalty."
OneLink also reported that their market is enthusiastic about the company's
plan to begin delivering TeleSmart over the Internet in October. "This new
delivery system virtually guarantees higher traffic for the telephone
companies' Web sites, creating the opportunity to cross-sell other services,"
said Lidsky.
FINANCIAL DETAIL
OneLink reported revenues from continuing operations for the three months
ended June 30, 1999 of $409,117 compared to $399,454 for the three months
ended June 30, 1998, an increase of $9,663 or 2%. However, year to date
revenues have increased by 31%, with revenues for the six months ended June
30, 1999 of $886,661 compared to $676,622 for the same period in 1998. The
increase is a result of the growth of service bureau revenues for TeleSmart
Data Services.
Gross profits from continuing operations for the second quarter of 1999
increased to $176,033 or 25% in comparison to $140,592 for the second quarter
of 1998. For the six months ended June 30, 1999, gross profit was $368,732
compared to $227,522 for the same period in 1998, an increase of 31%. These
improvements came as a result of the continued strong gross margins driven by
the TeleSmart service bureau business.
Net loss from continuing operations for the second quarter was $281,207
compared to $285,017 for the second quarter 1998. The Company's net loss from
continuing operations decreased 18% to $534,190 for the six months ended June
30, 1999 compared to $647,737 for the same period in 1998.
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OneLink Communications, Inc., based in Minneapolis, specializes in
transforming raw telecommunications data into visual business intelligence
that enables business leaders to make more informed decisions. The company
markets its TeleSmart(TM) Data Services to telecommunications network
providers who private brand the service and use it to build and/or enhance
business customer relationships and increase customer satisfaction, loyalty
and retention. For more information, visit http://www.onelink.com
This release contains forward-looking statements within the meaning of the
Private Securities Litigation Acts of 1995. A number of factors should be
considered in conjunction with the above forward-looking statements. These
factors include changes in economic and market conditions, the development of
new technologies, product pricing, industry regulation, management of growth,
business strategy and measures to implement strategy, competitive strengths,
and expansion. Additionally, other factors set forth in cautionary statements
included in OneLink's Form 10-K and other documents filed with the Securities
and Exchange Commission should also be considered. Readers are cautioned not
to place undue reliance on forward-looking statements, which reflect
management's analysis only as of the date of this release. The company
undertakes no obligation to update these forward-looking statements to
reflect events and circumstances that may arise after the date of this
release.
OneLink Communications, Inc.
Condensed Statements of Operations
(unaudited)
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<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
---- ---- ---- ----
<S> <C> <C> <C> <C>
Sales from continuing
Operations $ 409,117 $ 399,454 $ 886,661 $ 676,622
Gross Profit from Continuing Operations 176,033 140,592 368,732 227,522
Operating Expenses from Continuing
Operations 471,491 431,614 921,410 870,931
Operating Loss from Continuing Operations (295,458) (291,022) (552,678) (643,409)
Net Loss from Continuing Operations (281,207) (285,017) (534,190) (647,737)
Income (Loss) from discontinued
operations 0 36,990 0 57,682
Net Gain (Loss) on disposal of
Discontinued assets 0 (883) 0 (72)
Net Loss (281,207) (248,910) (534,190) (590,127)
Net Loss per share from Continuing
Operations (Basic and diluted) $ (.04) $ (.06) $ (.09) $ (.13)
Net Loss per share (Basic and diluted) $ (.04) $ (.05) $ (.09) $ (.12)
Weighted Average Shares Outstanding
(Basic and diluted) 6,932,947 4,993,454 5,919,334 4,992,580
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For Further Information, Contact:
Paul Lidsky, President & CEO Brenda Groff, Controller
(612) 996-9102 (612) 996-9138
[email protected] [email protected]
