OneLink receives default notice on $4.3 million in convertible notes

By Sheri Kasprzak

New York, Oct. 4 - OneLink Corp. said it received a notice of default on $3,486,439 in convertible notes held by OurLink, LLC and $817,806 in notes held by Reservation Center, Inc.

According to an 8-K that OneLink filed with the Securities and Exchange Commission on Wednesday, OurLink alleges that the issuer failed to make some payments on the applicable due dates under the terms of the note. Also, the investor alleged that the company failed to pay $81,000 in interest due April 1 and $81,000 in interest due July 1.

Another investor, Reservation Center, alleges that the issuer also failed to make required payments on $817,806 in convertible notes and failed to make $19,000 in interest due April 1 and $19,000 in interest due July 1.

OneLink, based in San Francisco, provides business-to-business marketing services for the travel industry.

The company's stock lost 18.92%, or 7 cents, to end at $0.30 Wednesday (OTCBB: OLNK).

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