U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 10-QSB
Quarterly Report Under
the Securities Exchange Act of 1934
For Quarter Ended: March 31, 2003
Commission File Number: 0-29987
GLOBAL LINKS CORP.
(Exact name of small business issuer as specified in its charter)
Nevada 88-0106514
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
4600 East Sunset Road, Suite 320
Henderson, Nevada
(Address of principal executive offices)
89014
(Zip Code)
(702) 436-7007
---------------
(Issuer's Telephone Number)
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(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer (1) filed all reports required to be filed by
Section13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days:
Yes [X] No [ ].
--- ---
The number of shares of the registrant's only class of common stock issued and
outstanding, as of July 31, was 37,742,799.
1
PART I
ITEM 1. FINANCIAL STATEMENTS.
The unaudited financial statements for the three and six month periods
ended June 30, 2003, are attached hereto.
2
GLOBAL LINKS CORP.
(A Development Stage Enterprise)
BALANCE SHEET
ASSETS
------
June 30, 2003 Dec. 31, 2002
(Unaudited) (restated see Note 1)
------------ -------------
CURRENT ASSETS
Cash. . . . . . . . . . . . . . . . . . . . . . . $ 2,352 4,142
Deposits. . . . . . . . . . . . . . . . . . . . . 102 127
Other receivables . . . . . . . . . . . . . . . . 62 -
------------ ----------
Total Current Assets . . . . . . . . . . . . . . . . 2,516 4,269
------------ ----------
PROPERTY AND EQUIPMENT
Fixed Assets (net of depreciation of
$1,712 and $1,000 - 6,696 7,409
------------ ----------
Total Property and Equipment . . . . . . . . . 6,696 7,409
------------ ----------
OTHER ASSETS . . . . . . . . . . . . . . . . . . . . - -
Land held for development (see Note 2). . . . . . 1,800,000 1,800,000
------------ ----------
1,800,000 1,800,000
------------ ----------
Total Assets . . . . . . . . . . . . . . . . . $ 1,809,213 $1,811,678
============ ==========
Liabilities and Shareholder Equity
CURRENT LIABILITIES
Accounts payable. . . . . . . . . . . . . . . . . $ 32,002 $ 11,267
Payable to officers . . . . . . . . . . . . . . . 288,952 222,298
Loan from officer . . . . . . . . . . . . . . . . 84,873 34,724
Other payables.(see note 3) . . . . . . . . . . . 850,000 850,000
------------ ----------
Total Current Liabilities. . . . . . . . . . . . . . 1,255,827 1,118,289
OTHER LIABILITIES. . . . . . . . . . . . . . . . . . - -
------------ ----------
- -
------------ ----------
STOCKHOLDERS' EQUITY
Common Stock Par value $0.001 (500,000,000 shares
authorized, 37,472,799,and 30,303,125 issued
and outstanding). . . . . . . . . . . . . . . . 37,473 30,303
Preferred Stock, Series B 5,000,000 shares
Authorized, 3,335,000 and 0 outstanding 3,335 0
Additional Paid-in Capital. . . . . . . . . . . . 2,900,176 2,296,244
Retained Deficit - accumulated during
Development Stage. . . . . . . . . . . . . . . (2,387,598) (1,633,158)
------------ ----------
Total Stockholders' Equity. . . . . . . . . . . . 553,386 693,389
------------ ----------
Total Liabilities and
Stockholders' Equity . . . . . . . . . $ 1,809,213 $1,811,678
============ ==========
See accompanying notes to financial statements
3
GLOBAL LINKS CORP.
(A Development Stage Enterprise)
STATEMENT OF OPERATIONS
(Unaudited)
Three months Three Months
Ended Ended
June 30, 2003 June 30, 2002
(Restated see
note 1)
--------------- ---------------
REVENUES
Consulting fees. . . . . . . . . . . . . . . $ - $ -
Sales. . . . . . . . . . . . . . . . . . . . - -
Interest Income. . . . . . . . . . . . . . . - -
--------------- ---------------
Total Revenues. . . . . . . . . . . . . . - -
EXPENSES
General and Administrative . . . . . . . . . 38,875 47,528
Officer Compensation . . . . . . . . . . . . 13,900 -
Consulting fees. . . . . . . . . . . . . . . 462,100 27,640
Depreciation and Amortization. . . . . . . . 712 368
--------------- --------------
Total Expenses. . . . . . . . . . . . . . 515,587 75,526
--------------- ---------------
Net Pre-Tax Income (Loss) . . . . . . . . . . . $ (515,587) $ (75,536)
Income Taxes (Note 4). . . . . . . . . . . . - -
--------------- ---------------
Net Income (Loss) After Taxes . . . . . . . . . $ (238,854) $ (1,099,426)
=============== ===============
Net Income (loss) per
Common Share, basic and diluted . . . . . . $ ( 0.017) $ (0.003)
=============== ===============
Weighted Average number of Common
Shares outstanding, basic and diluted
adjusted for 1/80 reverse split in 1999,
3/1 forward spit in October, 2000,
and 1/8 reverse split in 2001, and 1/40
reverse split in 2003 . . . . . . . . . . . 30,651,621 30,134,439
=============== ===============
See accompanying notes to financial statements
GLOBAL LINKS CORP.
(A Development Stage Enterprise)
STATEMENT OF OPERATIONS
(Unaudited)
Inception
Six months Six Months December 31, 1992
Ended Ended Thru
June 30, 2003 June 30, 2002 June 30, 2003
(Restated see Note 1)
--------------- --------------- ---------------
REVENUES
Consulting fees. . . . . . . . . . . . . . . $ - $ - $ 544,894
Sales. . . . . . . . . . . . . . . . . . . . - - 770,000
Interest Income. . . . . . . . . . . . . . . - - 3,764
--------------- --------------- ---------------
Total Revenues. . . . . . . . . . . . . . - - 1,318,658
EXPENSES
General and Administrative . . . . . . . . . 100,454 91,682 834,447
Officer Compensation . . . . . . . . . . . . 55,225 - 234,724
Consulting fees. . . . . . . . . . . . . . . 598,050 27,640 1,180,842
Allowance for Uncollectable Debt . . . . . . - - 160,937
Loss from write-down of software . . . . . . - - 538,492
Loss from write-down of notes receivable . . - - 406,067
Depreciation and Amortization. . . . . . . . 712 368 166,220
Loss from activities of NetBet . . . . . . . - - 184,528
--------------- --------------- ---------------
Total Expenses. . . . . . . . . . . . . . 754,441 119,690 3,706,256
--------------- --------------- ---------------
Net Pre-Tax Income (Loss) . . . . . . . . . . . $ (754,441) $ (119,690) $ (2,387,598)
Income Taxes (Note 4). . . . . . . . . . . . - - -
--------------- --------------- ---------------
Net Income (Loss) After Taxes . . . . . . . . . $ (754,441) $ (119,690) $ (2,387,598)
=============== =============== ===============
Net Income (loss) per
Common Share, basic and diluted . . . . . . $ ( 0.025) $ (0.004) $ ( 0.078)
=============== =============== ===============
Weighted Average number of Common
Shares outstanding, basic and diluted
adjusted for previous splits and adjusted
for the acquisition of Capitol Group
Holding Corp. . . . . . . . . . . . . . . . . 30,640,171 30,131,612 30,723,994
=============== =============== ===============
See accompanying notes to financial statements
4
GLOBAL LINKS CORP.
(A Development Stage Enterprise)
STATEMENT OF CASH FLOWS
(Unaudited)
Inception
Six Months Six Months Dec 31, 1992
Ended Ended Thru
June 30, 2003 June 30, 2002 June 30, 2002
(Restated see Note 1)
--------------- --------------- ---------------
OPERATING ACTIVITIES
- ----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . . $ (754,441) $ (1,099,426) ($2,387,598)
Adjustments to reconcile Net Loss to Cash
provided (used) by operating activities:
Depreciation and Amortization . . . . . . . . 712 638 142,675
Loss on disposal of office Furniture & Equip. - - 15,972
Loss on write-off of software for license . . - - 538,492
loss on cancellation of notes receivable. . . - - 406,067
Common stock issued for services. . . . . . . 595,450 - 789,288
Changes in operating assets and liabilities:
Increase (decrease) in Accounts Payable . . . 20,735 50,699 32,001
Increase (decrease) in Payable to officers. . 66,654 - 288,952
(Increase) decrease in Receivable from
Software License Sales . . . . . . . . . . - - (406,067)
(Increase) decrease in Other Receivables. . . 62 - 62
Increase (decrease) in Advance License Fees . - - -
(Increase) decrease in Deposits . . . . . . . 25 - (102)
Increase (decrease) in Deferred Taxes . . . . - - -
--------------- --------------- ---------------
Net cash provided by Operating Activities. . . . (70,927) (68,623) (580,383)
--------------- --------------- ---------------
INVESTMENT ACTIVAITIES
- --------------------------------------
Decrease (increase) in Property and
Equipment. . . . . . . . . . . . . . . . . - (6,800) (44,729)
Decrease (increase) in land held for Devel. . (1,800,000) (1,800,000)
Decrease (increase) in Software for
License. . . . . . . . . . . . . . . . . . - - (661,618)
Decrease (increase) in Organization Costs . . - - (1,190)
--------------- --------------- ---------------
Net cash (used) by Investment activities . . . . - (1,806,800 (2,507,534)
--------------- --------------- ---------------
FINANCING ACTIVITIES
- ---------------------------------
Disposal of Office Furniture & Equip. . . . . - - 3,700
Payable assumed for land purchase . . . . . . 850,000 850,000
Increase (decrease) in Common and
Preferred stock . . . . . . . . . . . . . - 1,013,370 2,132,709
Increase in Cash loans from officers. . . . . 69,137 15,960 103,861
--------------- --------------- ---------------
Net cash provided by Financing Activities. . . . 69,137 1,879,330 3,090,270
--------------- --------------- ---------------
Increase (decrease) in Cash. . . . . . . . . . . (1,790) 3,907 2,352
Cash at Beginning of Period. . . . . . . . . . . 4,142 1,590 -
--------------- --------------- ---------------
Cash at End of Period. . . . . . . . . . . . . . $ 3,352 $ 1,590 $ 2,352
=============== =============== ===============
See accompanying notes to financial statements
5
GLOBAL LINKS CORP.
(A Development Stage Enterprise)
NOTES TO FINANCIAL STATEMENTS
June 30, 2003
NOTE 1 - Basis of Presentation
------------------------
The accompanying consolidated balance sheet of Global Links Corp. (A Development
Stage Company) at June 30, 2003, and the consolidated statements of operations
for the three and six month periods ended June 30, 2003 and 2002 and the
cumulative period during the development stage through June 30, 2003 and the
statement of cash flows for three and six month periods ended June 30, 2003 and
2002 and the cumulative period during the development stage through June 30,
2003, have been prepared by the Company's management and they do not include all
information of the financial position, results of operations, and cash flows in
conformity with generally accepted accounting principles. In the opinion of
management, all adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and all such
adjustments are of a normal recurring nature. The unaudited financial statements
should be read in conjunction with the financial statements and footnotes
thereto included in the Company's Form 10-KSB for the year ended December 31,
2002. Comparative numbers for the three and six month periods ended June 30,
2002, and the Inception to date data have been restated to include Capitol Group
Holdings financial results as though the acquisition/merger had taken place in
the beginning of the year 2002.
Operating results for the six month period ended June 30, 2003, are not
necessarily indicative of the results that can be expected for the year ending
December 31, 2003.
Note 2 - Land Held for Development
Capitol Group Holdings Corp., a wholly owned subsidiary of the Company acquired
1,000 lots in Mojave County Arizona. The lots are part of a development named
Valle Vista Ranch, an affordable, energy efficient senior development. The
entire project is made up of a total of 1,624 lots. The additional 624 lots not
currently owned by the Company are expected to be acquired by the Company at a
later date.
Note 3 - Other Payables
As a part of the acquisition of undeveloped lots in Arizona, the Company assumed
a liability to Mojave County, AZ for $650,000 related to unpaid property taxes
on the lots, and executed a mortgage to the seller in the amount of $200,000.
The Company is currently negotiating a private placement stock transaction to
pay off all debt and begin development of the project.
NOTE 4 - Common Stock
On March 25, the Company filed a registration statement on form S-8 registering
shares to be used to compensate various consultants to the Company for advise
and assistance in the operation and business of the Company. By June 30, 2003
the company had issued 87,385,000 of these shares to various consultants for
their services. On or about March 29, the Company's Board of directors
determined t effect a reverse stock split of 1 new share for 40 existing shares
outstanding, with the effective date of April 16,2003. Effective June 30, 2003,
as part of the triangular merger of the Company with Capitol Group Holdings
Corporation, the Company issued 30,000,000 shares to the prior common share-
holders of Capitol Holdings Group Corporation in exchange for an equal number of
common shares, representing all of the outstanding common shares, of Capitol
Group Holdings Corporation. In May and June, 2003, a total of 4,110,000 common
shares of the Company were issued as compensation to consultants of the Company.
At June 30, 2003, there were 37,742,799 common shares issued and outstanding.
Note 5 - Preferred Stock
In December, 2001, as an inducement to enter into a consulting agreement, Mr.
James Brewer was granted an option to acquire 3,530,000 shares of Series A
preferred stock of the Company. On April 16, 2003, Mr. Brewer advised the
Company of his intent to exercise his option to acquire 3,350,000 shares the
Series A preferred stock, and on April 28, 2003 the Company's board of directors
informed Mr. Brewer of their intent to issue series B preferred stock and
offered Mr. Brewer the option to exchange his 3,350,000 shares of Series A
preferred stock for 335,000 shares of Series B preferred stock. Mr. Brewer
accepted the offer and following the recording of the Series B preferred stock
with the Nevada Secretary of State in June, 2003, issued the stock to Mr.
Brewer. Effective June 30, 2003, as part of the triangular merger of the Company
with Capitol Group Holdings Corporation, the Company issued 3,000,000 shares to
the prior preferred shareholders of Capitol Holdings Group Corporation in
exchange for an equal number of preferred shares, representing all of the
outstanding preferred shares, of Capitol Group Holdings Corporation. At June 30,
2003, there were 3,335,000 Series B preferred shares issued and outstanding.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR
PLAN OF OPERATIONS
The following discussion should be read in conjunction with the Financial
Statements and notes thereto included herein.
The Company recorded no revenues for the three and six month periods ended June
30, 2003, or 2002 .
In 2002, Management determined to expand its stated goals from entering the ATM
market by the acquisition of an operating ATM company to include the marketing
and processing of electronic transactions through various stored value cards
such as payroll cards, loyalty cards, gift cards and debit cards. In this regard
the Company established various Strategic marketing agreements and joint venture
agreements to market electronic transaction products and other strategic
alliance agreements for the processing and control of electronic transactions.
During the three and six month periods ended June 30, 2003, the Company
continued to work on this objective and continued to enter into additional
marketing and reseller agreements. In April, 2003, the Company acquired through
a reverse triangular merger, Capitol Group Holding Corporation, a Nevada
corporation which held approximately 1000 undeveloped lots in Arizona. Plans
have been prepared and approved for the development of these lots as senior
affordable housing. The Company filed a report on Form 8K dated June 30, 2003
which is hereby incorporated by reference which includes additional details of
this acquisition/merger.
The Company does not have any off-balance sheet arrangements or contractual
obligations that are likely to have or are reasonably likely to have a material
current or future effect on the Company's financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that have not been disclosed in the
Company's financial statements.
Forward Looking Statements
In connection with, and because it desires to take advantage of, the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995, the
Company cautions readers regarding certain forward looking statements in the
following discussion and elsewhere in this report and in any other statement
made by, or on the behalf of the Company, whether or not in future filings with
the Securities and Exchange Commission. Forward looking statements are
statements not based on historical information and which relate to future
operations, strategies, financial results or other developments. Forward looking
statements are necessarily based upon estimates and assumptions that are
inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are beyond the Company's control
and many of which, with respect to future business decisions, are subject to
change. These uncertainties and contingencies can affect actual results and
could cause actual results to differ materially from those expressed in any
forward looking statements made by, or on behalf of, the Company. The Company
disclaims any obligation to update forward looking statements.
ITEM 3. CONTROLS AND PROCEDURES
Evaluation of disclosure controls and procedures.
Our chief executive officer and chief financial officer have reviewed and
evaluated the effectiveness of our disclosure controls and procedures (as
defined in Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934
(the "Exchange Act"), as of a date within ninety days before the filing of this
quarterly report. Based on that evaluation, the chief executive officer and
chief financial officer have concluded that our current disclosure controls and
procedures are effective to ensure that information required to be disclosed by
us in reports that we file or submit under the Exchange Act is recorded,
processed, summarized, and reported within the time periods specified in the
Commission's rules and forms.
Changes in internal controls.
There have not been any significant changes in our internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their evaluation. There were no significant deficiencies or material weakness in
the internal controls, and therefore no corrective actions were taken.
7
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS - NONE
ITEM 2. CHANGES IN SECURITIES
a) On or about March 29, the Company's Board of directors determined to
effect a reverse stock split of 1 new share for 40 existing shares outstanding,
with the effective date to be on or about April 15, 2003. Prior to the reverse
split there were 130,512,000 common shares issued outstanding. Following the
reverse split of 1 for 40, following adjustment for odd lots, there were
3,262,781 shares outstanding.
b) NONE
c) During the quarter ended June 30, 2003 30,000,000 shares of common
stock of the Company were issued on April 29, 2003 at a price of $0.033 per
share. All such shares were issued without registration pursuant to the
exemption from registration under Section 4(2)-33 of the Securities Act of
1933. The shares were issued to the prior Common shareholders of Capitol Group
Holdings Corporation in exchange for all of the shares of Capitol Group Holding
Corporation. The former preferred shareholders of Capitol Group Holdings
Corporation also received a total of 3,000,000 shares of Preferred Series B
stock, which shares are convertible into Common shares of the Company on the
basis of 10 common shares for each preferred share, and each preferred share has
a voting right equal to 10 shares of the Global Links Corp. Common Stock.
d) None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES: - NONE
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS: - none
ITEM 5. OTHER INFORMATION - NONE
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K -
(a) Exhibits None
(b) Reports on Form 8-K:
Filed on June 30, 2003 reporting Item 1 Change in control,
Item 2, Acquisition of Assets, and Item 5, change of address
Item 7, Financial Statements and exhibits
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.
GLOBAL LINKS CORP.
Date: August 8, 2003 By: /Frank Dobrucki
---------------------------
Frank Dobrucki,
President, and CEO,
8
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
CERTIFICATIONS
I, Frank Dobrucki, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Global Links Corp.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):
d) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and
e) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and
6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.
Date: August 8, 2003
/s/Frank Dobrucki
------------------
Frank Dobrucki
President
and Chief Executive Officer
(Principal Executive Officer)
I, James G. Brewer, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Global Links Corp.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):
d) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and
e) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and
6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.
..
Date: August 8, 2003
/s/James Brewer
----------------
James Brewer
Acting Chief Financial Officer
(Principal Financial and Accounting Officer)
CERTIFICATION PURSUANT TO
18 U.S.C.SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
I, Frank Dobrucki, Chief Executive Officer for Global Links Corp. certify that:
1. I have reviewed the quarterly report on Form 10-QSB of Global Links Corp.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.
Dated August 8, 2003
/s/Frank Dobrucki
------------------
Frank Dobrucki
President
and Chief Executive Officer
(Principal Executive Officer)
CERTIFICATION PURSUANT TO
18 U.S.C.SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
I, James Brewer, Acting Chief Financial Officer for Global Links Corp. certify
that:
1. I have reviewed the quarterly report on Form 10-QSB of Global Links Corp.;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.
Date: August 8, 2003
/s/James Brewer
------------------
James Brewer
Acting Chief Financial Officer
(Principal Financial and Accounting Officer)