8-K

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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

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                                    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): April 20, 2004


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                           iLinc Communications, Inc.
             (Exact name of Registrant as specified in its charter)



          Delaware                         1-13725              76-0545043
(State or other jurisdiction      (Commission File Number)  (I.R.S. Employer
of incorporation or organization)                            Identification No.)


  2999 North 44th Street, Suite 650, Phoenix, Arizona               85018
     (address of principal executive offices)                     (Zip code)




                                 (602) 952-1200
              (Registrant's telephone number, including area code)

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ITEM 7.           Financial Statements and Exhibits


The following exhibit is filed herewith:


Exhibit Number    Description

99.1              Press release dated April 20, 2004, issued by iLinc
                   Communications, Inc.  Filed herewith.



ITEM 9.           Regulation FD Disclosure


On April 20, 2004, iLinc Communications, Inc. issued a press release, a copy of
which is furnished as Exhibit 99.1 to this current report.











                                    SIGNATURE

         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.

                                         iLinc Communications, Inc.


                                         By: /s/ James M. Powers
                                         -------------------------------------
                                         President and Chief Executive Officer
Date:  April 20, 2004













                                  EXHIBIT INDEX


Exhibit Number    Description of Exhibit
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99.1              Copy of press release issued by iLinc Communications on
                   April 20, 2004

EX-99.1

                                                                    Exhibit 99.1

     iLinc Communications Closes $4.25 Million Private Placement Offering;
                     Company Raises New Capital for Growth

    PHOENIX--(BUSINESS WIRE)--April 20, 2004--iLinc Communications,
Inc. (AMEX:ILC), developers of feature-rich, secure and scalable Web
conferencing software, announced that it has completed a private
placement of 85 units, comprised of senior notes and common stock, for
an aggregate purchase price of $4.25 million. The net proceeds from
the private placement of the units will be used for acquisitions,
increased marketing and sales efforts and general working capital
purposes to further the Company's objective of gaining significant
market share of the Web conferencing space.
    The Company sold a total of 85 units, with each unit costing
$50,000 and entitling the purchaser to a senior note with a principal
balance of $37,500, and $12,500 of the Company's common stock,
representing 19,230 shares. The Company therefore issued $3,187,500 in
senior notes and 1,634,550 shares of the Company's common stock. The
senior notes will be issued as a series of notes pursuant to a unit
purchase and agency agreement. The senior notes are non-convertible,
and the purchasers receive no warrants. The placement agent received a
commission equal to 10% of the gross proceeds together with a warrant
for the purchase of 163,455 shares of the Company's common stock at a
price equal to 120% of the price paid by investors. The senior notes
bear interest at a rate of 10% per annum and accrued interest is due
and payable on a quarterly basis beginning July 15, 2004, with
principal due at maturity on July 15, 2007. The senior notes are
redeemable by the Company at 100% of the principal value at any time
after July 15, 2005. The senior notes are unsecured obligations of the
Company but are senior in right of payment to all existing and future
indebtedness of the Company.
    The securities offered by the Company to accredited investors in
the private placement were sold in reliance on an exemption from the
registration requirements of the Securities Act of 1933, as amended
(the "Securities Act"). The securities have not been registered under
the Securities Act or any state securities laws, and the securities
may not be offered or sold absent registration or an applicable
exemption from the registration requirements of the Securities Act and
applicable state securities laws. This press release does not and will
not constitute an offer to sell or the solicitation of an offer to buy
shares and is being issued under Rule 135c under the Securities Act.

    About iLinc Communications, Inc.

    Phoenix-based iLinc Communications, Inc. (http://www.ilinc.com) is
dedicated to helping corporations increase productivity through more
efficient communications using Web conferencing and collaboration.
iLinc Communications has developed a powerful, easy-to-use suite of
services. As a fully scalable and secure solution, with the highest
AES data encryption guidelines in the industry, the Company's Web
conferencing services save a corporation time and money while
improving the effectiveness of a corporation's communications. iLinc
Communications' core suite of products, including MeetingLinc(TM),
LearnLinc(TM), ConferenceLinc(TM) and SupportLinc(TM), delivers a Web
collaboration platform suitable for enterprise or organization-wide
deployment.
    This press release contains information that constitutes
forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements involve risk and uncertainties that could
cause actual results to differ materially from any future results
described within the forward-looking statements. Factors that could
contribute to such differences include the rate of acceptance of the
Company's products and services by customers, changes in the
e-Learning and Web conferencing and collaboration market in general,
use of the Internet, the acceptance of new products, the Company's
need for working capital, the result of pending litigation, the
competition the Company faces from larger and more well-capitalized
competitors and other matters more fully disclosed in the Company's
annual report on Form 10-K, quarterly reports on Form 10-Q and other
reports filed with the Securities and Exchange Commission. The
forward-looking information provided herein represents the Company's
estimates and expectations as of the date of the press release, and
subsequent events and developments may cause the Company's estimates
and expectations to change. The Company specifically disclaims any
obligation to update the forward-looking information in the future.
Therefore, this forward-looking information should not be relied upon
as representing the Company's estimates and expectations of its future
financial performance as of any date subsequent to the date of this
press release.
    iLinc, iLinc Communications, MeetingLinc, LearnLinc,
ConferenceLinc, SupportLinc and its logo are trademarks or registered
trademarks of iLinc Communications, Inc. All other Company names and
products may be trademarks of their respective companies.

    CONTACT: iLinc Communications Inc., Phoenix
             Media: Mark R. Yeager, 602-952-1200
             pr@ilinc.com
             or
             Investors: James L. Dunn, Jr., 602-952-1200