-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MwinXQi9COhFHkNyiKsp+likj2+PWbf8LKyktAp/NVEFxrLNOll/eC2ymEAO8snG z1nTxriFoXC1wzDchWxRnw== 0000949728-03-000014.txt : 20030808 0000949728-03-000014.hdr.sgml : 20030808 20030807210335 ACCESSION NUMBER: 0000949728-03-000014 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030630 FILED AS OF DATE: 20030808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL LINKS CORP CENTRAL INDEX KEY: 0000949728 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 880106514 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-29987 FILM NUMBER: 03829899 BUSINESS ADDRESS: STREET 1: 1280 BISON STREET 2: SUITE B9-529 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-451-4518 MAIL ADDRESS: STREET 1: 1280 BISON STREET 2: SUITE B9-529 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TRADING COM DATE OF NAME CHANGE: 20001012 FORMER COMPANY: FORMER CONFORMED NAME: UNITED CASINO CORP DATE OF NAME CHANGE: 20000222 10QSB 1 doc1.txt 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 ------ ---------- (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) -------------------------------------------------- (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
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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
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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) -----END PRIVACY-ENHANCED MESSAGE-----