UNITED STATES
SECURITIES AND 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): December 24, 2004
GLOBAL LINKS CORP.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation or organization)
000-29987 88-0106514
(Commission File Number) (IRS Employer Identification No.)
4600 EAST SUNSET ROAD, SUITE 320 HENDERSON, NEVADA 89014
(principal executive offices) (Zip Code)
(702) 436-7007
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
ITEM 2.02 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Effective December 24, 2004, Global Links Corp. (the "Registrant") entered
into a stock purchase agreement with PTS, Inc., a Nevada corporation ("PTS") to
sell to PTS all of the issued and outstanding shares of the capital stock of
Global Links Card Services, Inc., a Nevada corporation (the "Stock Purchase").
The stock purchase agreement is attached as an exhibit to this Current Report.
The total consideration of $335,000 paid by PTS to the Registrant in
connection with the Stock Purchase consisted of $35,000 in cash and the
assumption and payment of approximately $300,000 representing the liabilities of
Global Links Card Services, Inc.
The amount of consideration for all of the issued and outstanding shares of
Global Links Card Services, Inc. was determined following negotiations between
the Registrant and PTS and is set forth in the stock purchase agreement executed
between the Registrant and PTS.
The Registrant's board of directors determined that the terms of the Stock
Purchase are reasonable. The Registrant's board did not seek a third party
fairness opinion or any valuation or appraisal of the terms of the transaction.
Thus, the Registrant's stockholders will not have the benefit of a third party
opinion that the terms of the Stock Purchase were fair from a financial point of
view.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibit is filed herewith:
EXHIBIT NO. IDENTIFICATION OF EXHIBIT
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2.1 Stock Purchase Agreement between the Registrant and PTS, Inc.
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 hereunto duly authorized.
Date: December 30, 2004 GLOBAL LINKS CORP.
By /s/ Frank J. Dobrucki
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Frank J. Dobrucki, President