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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):
May 6, 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 May 6, 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 May 6, 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: May 11, 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 IMPROVED FIRST QUARTER RESULTS
MINNEAPOLIS, Minn., May 6, 1999 - OneLink Communications, Inc. (OTC BB: ONEL) -
a provider of enhanced business services to the telecommunications industry -
announced today results for the first quarter, which ended on March 31,
1999.
FIRST QUARTER HIGHLIGHTS:
- - Revenues from continuing operations increased 72% from 1998.
- - Gross profit increased 122% compared to first quarter in 1998.
- - Net loss from continued operations decreased 30% from the first quarter of
1998.
- - Fifth consecutive quarter in which the Company's operating and net losses
have improved quarter to quarter over the similar period in the prior
year.
FIRST QUARTER RESULTS:
OneLink reported that total revenues from continuing operations for the three
months ended March 31, 1999 increased 72% to $477,544 compared to $277,168
for the same quarter last year. The increase is a result of continued growth
in the Company's TeleSmartTM Data Services business.
The Company's gross margin from continuing operations also increased 9% for
the three months ended March 31, 1999 compared to the same period in 1998.
Gross Profit increased 122% to $192,699 compared to $86,930 for the same
period last year. This increase was due to the higher percentage of service
bureau revenues at 59% gross margins in the total revenue mix.
The Company's net loss from continued operations for the first quarter was
$252,983 compared to $362,721 for the same period last year which is a
decrease of $109,738 or 30%, resulting in a net loss per share of $(0.05)
compared to $(0.07) in the comparable prior year period. This improvement was
due to stronger revenues and improved gross profits from the Company's
TeleSmart service bureau operations as well as management's continued efforts
to streamline the Company's operations.
"First quarter results continue to demonstrate significant improvements over
last year's performance. These improvements are directly related to our
decision to focus and grow the TeleSmart Data Services business," said Paul
Lidsky, OneLink President and CEO. "The growth in TeleSmart revenues signals
continued success in deploying TeleSmart services to U S WEST and Cincinnati
Bell customers, who have recognized the product as a valuable business
intelligence tool. In addition, we are encouraged that the telecommunications
market is increasingly accepting of our product offering as a way to grow
their revenues and enhance customer loyalty," he added.
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 TeleSmartTM Data Services solution to telecommunications network
providers who use the service to build and/or enhance business customer
relationships and increase customer satisfaction, loyalty and retention. For
more information, visit OneLink's web site at www.onelink.com.
A registration statement relating to certain of the Company's securities has
been filed with the Securities and Exchange Commission but has not yet become
effective. Such securities may not be sold, nor may offers to buy be accepted
prior to the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these
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securities in any State in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such State.
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
March 31,
1999 1998
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<S> <C> <C>
Sales from Continuing Operations $477,544 $277,168
COGS from Continuing Operations 284,845 190,238
Gross Profit from Continuing Operations 192,699 86,930
Operating Expenses from Continuing Opers. 449,919 439,317
Operating Loss from Continuing Operations (257,221) (352,387)
Net Loss from Continuing Operations (252,983) (362,721)
Income (Loss) from discontinued operations 0 20,692
Net Gain (Loss) on disposal of 0 811
Discontinued assets
Net Loss (252,983) (341,217)
Net Loss per share from Continuing Operations $(0.05) $(0.07)
(Basic and diluted)
Net Loss per share (Basic and diluted) $(0.05) $(0.07)
Weighted Average Shares Outstanding 5,318,451 4,991,696
(Basic and diluted)
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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]
