EXHIBIT  21.1


                         SUBSIDIARIES OF THE REGISTRANT


1.       Liberty Acquisition Corporation, a Tennessee corporation and wholly
         owned subsidiary of iLinc Communications, Inc.

2.       Special Omega Acquisition Corporation, a Delaware corporation and
         wholly owned subsidiary of iLinc Communications, Inc.

3.       Pentegra Investments, Inc., a Delaware corporation and wholly owned
         subsidiary of iLinc Communications, Inc.

4.       Edge Acquisition Subsidiary, Inc., a Delaware Corporation and wholly
         owned subsidiary of iLinc Communications, Inc.

5.       TW Acquisition Subsidiary, Inc., a Delaware Corporation and wholly
         owned subsidiary of iLinc Communications, Inc.