UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                               FORM 10-QSB

(Mark One)

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
     For the quarterly period ended December 31, 2005

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
     For the transition period from ________ to ___________

                    Commission file number: 000-50077

                            LINK PLUS CORPORATION
     -----------------------------------------------------------------
     (Exact name of small business issuer as specified in its charter)

           Delaware                               52-1018174
-------------------------------       ---------------------------------
(State or other jurisdiction of       (IRS Employer Identification No.)
 incorporation or organization)

                  6996 Columbia Gateway Drive; Suite 104
                              Columbia, MD 21046
                ----------------------------------------
                (Address of principal executive offices)

                               (410) 953-7177
                        ---------------------------
                        (Issuer's telephone number)

                               Not applicable
          ----------------------------------------------------
          (Former name, former address and former fiscal year,
                        if changed since last report)



The issuer had 34,745,093 shares of its common stock outstanding as of
December 31, 2005.


<PAGE>

                          LINK PLUS CORPORATION
                           INDEX TO FORM 10-QSB

            For the Quarterly Period Ended December 31, 2005


PART I - FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)

        Condensed Consolidated Balance Sheets:
          December 31, 2005 and March 31, 2005

        Condensed Consolidated Statements of Losses:
          For the three and nine months ended December 31, 2005 and 2004

        Condensed Consolidated Statements of Cash Flows:
          For the nine months ended December 31, 2005 and 2004

        Notes to Unaudited Condensed Consolidated Financial Information
          December 31, 2005

Item 2.	Management's Discussion and Analysis or Plan of
        Operation

Item 3.	Controls and Procedures

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings

Item 2.	Changes in Securities

Item 3.	Defaults Upon Senior Securities

Item 4.	Submission of Matters to a Vote of Security Holders

Item 5.	Other Information

Item 6.	Exhibits


SIGNATURES









<PAGE>

                        LINK PLUS CORPORATION
                CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                           (Unaudited)
                                         December 31, 2005     March 31, 2005
                                         -----------------    ----------------
<S>                                      <C>                  <C>
ASSETS
Current assets:
Cash and cash equivalents                    $         798       $      72,617
Accounts receivable, net of allowance
  for doubtful account of $0 at
  December 31, 2005 and March 31, 2005                 825                   -
                                             -------------       -------------
Total current assets                                 1,623              72,617

Property and equipment, net of
  accumulated depreciation of $516,896
  and $490,741 at December 31, 2005
  and March 31, 2005, respectively                  24,684               1,706

Other assets:
Prepaid expenses and deposits                       99,851              10,619
                                             -------------       -------------

Total assets                                 $     126,158       $      84,942
                                             =============       =============

LIABILITIES AND DEFICIENCY IN
   STOCKHOLDERS' EQUITY
Current Liabilities:
Cash disbursed in excess of
  available funds                            $           -       $         163
Accounts payable and accrued
  liabilities                                    2,144,110           3,692,135
Deferred revenue                                   200,000             200,000
Advances from officers                               8,820              17,838
Other advances                                       6,000               6,000
Notes payable, current portion (Note B)            380,927             423,712
                                             -------------       -------------

Total current liabilities                        2,739,857           4,339,848

Commitments and contingencies                            -                   -

Deficiency in stockholders' equity:
Common stock, par value $.005 per
  share; 50,000,000 shares authorized;
  34,745,093 and 29,193,501 shares
  issued and outstanding at
  December 31, 2005 and March 31, 2005,
  respectively (Note C)                            173,725             145,967
Additional paid-in capital                      16,433,280          13,252,849
Common stock subscription payable (Note C)          42,500              34,000
Accumulated deficit                            (19,263,204)        (17,687,722)
                                             -------------       -------------
                                                (2,613,699)         (4,254,906)

Total liabilities and deficiency
in stockholders' equity                      $     126,158       $      84,942
                                             =============       =============
</TABLE>




See accompanying notes to the unaudited condensed consolidated
financial information


<PAGE>

                        LINK PLUS CORPORATION
           CONDENSED CONSOLIDATED STATEMENTS OF LOSSES
                            (UNAUDITED)
<TABLE>
<CAPTION>
                                     For The Three Months           For The Nine Months
                                       Ended December 31,            Ended December 31,
                                   -------------------------   ---------------------------
                                        2005         2004         2005           2004
                                   ------------  -----------   ------------   ------------
<S>                                <C>           <C>           <C>            <C>
Revenues, net                      $     20,876  $    38,500   $     61,701   $    157,218
Cost of sales                             9,139        6,921         12,386         15,791
                                   ------------  -----------   ------------   ------------
Gross profit                             11,737       31,579         49,315        141,427

Operating expenses:
Selling, general and
  administrative                        485,990      381,758      1,438,374      1,116,182
Research & Development Costs                  -            -        130,000              -
Depreciation                              1,847          277         26,155            830
                                   ------------  -----------   ------------   ------------
Total operating expenses                487,837      382,035      1,594,529      1,117,012

(Loss) from operations                 (476,100)    (350,456)    (1,545,214)      (975,585)

Other expense:
Other income (expense)                        8            -          2,143         (4,052)
Interest expense, net                   (11,508)      (8,459)       (32,411)       (29,412)
                                   ------------  -----------   ------------   ------------
Total other expense                     (11,500)      (8,459)       (30,268)       (33,464)
Net loss before provision
  for income taxes                     (487,600)    (358,915)    (1,575,482)    (1,009,049)

Provision for income taxes                    -            -              -              -
                                   ------------  -----------   ------------   ------------
Net loss                           $   (487,600) $  (358,915)  $ (1,575,482)  $ (1,009,049)
                                   ============  ===========   ============   ============

Loss Per Common Share
  (Basic and Assuming Dilution)    $      (0.01) $     (0.01)  $      (0.05)  $      (0.04)
                                   ============  ===========   ============   ============

Weighted Average Shares
  Outstanding (Basic and Diluted)    34,323,765   25,393,833     32,266,202     22,451,641
                                   ============  ===========   ============   ============
</TABLE>



See accompanying notes to the unaudited condensed consolidated
financial information


<PAGE>


                           LINK PLUS CORPORATION
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (UNAUDITED)

<TABLE>
<CAPTION>
                                           For The Nine Months Ended December 31,
                                                 2005                  2004
                                           ---------------      ----------------
<S>                                        <C>                  <C>
Cash flows from operating activities:
Net loss                                   $    (1,575,482)     $     (1,009,049)
Adjustments to reconcile net loss to
net cash (used in) operating activities:
  Depreciation                                      26,155                   830
  Warrants issued in exchange for
    legal fees (Note E)                                  -                   843
  Common stock issued in exchange for
    operating expense                               49,086                 4,052
  Common stock issued in exchange for
    director's compensation                         56,016                     -
  Common stock issued in exchange for
    compensation                                     1,250                12,500
  Common stock issued in exchange for
    license fees                                    37,700                     -
Changes in assets and liabilities:
  Prepaid expenses and deposits                    (89,232)                3,019
  Accounts receivable, net                            (825)              (26,000)
  Cash disbursed in excess of
    available funds                                   (163)                 (205)
  Accounts payable and accrued expenses            656,291               845,998
                                           ---------------      ----------------
Net cash (used in) operating activities           (839,204)             (168,012)

Cash flows from investing activities:
  Capital expenditures                             (49,133)               (1,638)
                                           ---------------      ----------------
  Net cash (used in) investing
    activities                                     (49,133)               (1,638)

Cash flows from financing activities:
  Proceeds from issuance of common stock           820,000               139,000
  Proceeds from notes payable, net of
    repayments                                       5,536                25,000
  Proceeds from (repayments of) officer
    advances                                        (9,018)                5,874
                                           ---------------      ----------------
Net cash provided by financing activities          816,518               169,874

Net increase (decrease) in cash and
  cash equivalents                                 (71,819)                  224
Cash and cash equivalents at beginning
  of period                                         72,617                    43
                                           ---------------      ----------------
Cash and cash equivalents at end
  of period                                $           798      $            267
                                           ===============      ================

Supplemental Disclosures of Cash Flow
Information:
  Cash paid for interest                   $             -      $            300
  Cash paid for income taxes               $             -      $              -
  Common stock issued in exchange for
    operating expenses                     $        49,086      $          4,052
  Common stock issued in exchange for
    accrued interest and accrued
    liabilities                            $       124,241      $        183,174
  Common stock issued in exchange for
    services rendered                      $         1,250      $         12,500
  Common stock issued in exchange for
    accrued salaries                       $     2,080,075      $              -
  Common stock issued in exchange for
    notes payable                          $        48,321      $         66,826
  Warrants issued in exchange for
    legal fees                             $             -      $            843
  Common stock issued in exchange for
    directors compensation                 $        56,016      $              -

</TABLE>



See accompanying notes to the unaudited condensed consolidated
financial information


<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)


NOTE A - SUMMARY OF ACCOUNTING POLICIES

General
-------

The accompanying unaudited condensed financial statements have
been prepared in accordance with the instructions to Form 10-QSB,
and therefore, do not include all the information necessary for a
fair presentation of financial position, results of operations
and cash flows in conformity with accounting principles generally
accepted in the United States of America for a complete set of
financial statements.

In the opinion of management, all adjustments (consisting of
normal recurring accruals) considered necessary for a fair
presentation have been included. The results of operations for
the three and nine-month period ended December 31, 2005 are not
necessarily indicative of the results that may be expected for
the year ended March 31, 2006. The unaudited condensed
consolidated financial statements should be read in conjunction
with the March 31, 2005 financial statements and footnotes
thereto included in the Company's Securities and Exchange
Commission Form 10-KSB.

Business and Basis of Presentation
----------------------------------

Link Plus Corporation (the "Company") was incorporated under the
laws of the State of Delaware and is a developer and seller of
Advanced   Wireless Communication System ("AWICS") and other
intellectual property and products based on the AWICS technology.
The consolidated financial statements include the accounts of the
Company and its wholly owned subsidiary, Link Plus International,
Inc. All significant inter-company transactions and balances have
been eliminated in the consolidated financial statements.

Reclassification
----------------

Certain reclassifications have been made to conform to prior
periods' data to the current presentation. These
reclassifications had no effect on reported losses.

Stock Based Compensation
------------------------

In addition, this statement amends the disclosure requirements of
SFAS No. 123 to require prominent disclosures in both annual and
interim financial statements about the method of accounting for
stock-based employee compensation and the effect of the method
used on reported results.  The Company has chosen to continue to
account for stock-based compensation using the intrinsic value
method prescribed in APB Opinion No. 25 and related
interpretations. Accordingly, compensation expense for stock
options is measured as the excess, if any, of the fair market
value of the Company's stock at the date of the grant over the
exercise price of the related option. The Company has adopted the
annual disclosure provisions of SFAS No. 148 in its financial
reports for the year ended March 31, 2005 and 2004 and has
adopted the interim disclosure provisions for its financial
reports for the subsequent periods.




<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)

Stock Based Compensation (Continued)
------------------------------------

Had compensation costs for the Company's stock options been
determined based on the fair value at the grant dates for the
awards, the Company's net loss and losses per share would have
been as follows (transactions involving stock options issued to
employees and Black-Scholes model assumptions are presented in
Note D):

<TABLE>
<CAPTION>
                                For the three months           For the nine months
                                 ended December 31,             ended December 31,
                               2005            2004            2005            2004
                          -------------   -------------   -------------   -------------
<S>                       <C>             <C>             <C>             <C>
Net loss - as reported    $   (487,600)   $   (358,915)   $ (1,575,482)   $ (1,009,049)

Add: Total stock based
employee compensation
expense as reported
under intrinsic value
method (APB. No. 25)                 -               -               -               -

Deduct: Total stock based
employee compensation
expense as reported under
fair value based method
(SFAS No. 123)                       -               -         (92,227)               -
                          -------------   -------------   -------------   -------------
Net loss - Pro Forma      $   (487,600)   $   (358,915)   ($ 1,667,709)   $ (1,009,049)
                          =============   =============   =============   =============
Net loss attributable
to common stockholders
  - Pro forma             $   (487,600)   $   (358,915)   ($ 1,667,709)   $ (1,009,049)
                          =============   =============   =============   =============
Basic (and assuming
dilution) loss per
share - as reported       $      (0.01)   $      (0.01)   $      (0.05)   $      (0.04)
                          =============   =============   =============   =============
Basic (and assuming
dilution) loss per
share - Pro forma         $      (0.01)   $      (0.01)   $      (0.05)   $      (0.04)
                          =============   =============   =============   =============
</TABLE>

On December 16, 2004, the Financial Accounting Standards Board
(FASB) issued FASB Statement No. 123R (revised 2004), "Share-
Based Payment" which is a revision of FASB Statement No. 123,
"Accounting for Stock-Based Compensation".  Statement 123R
supersedes APB opinion No. 25, "Accounting for Stock Issued to
Employees", and amends FASB Statement No. 95, "Statement of Cash
Flows".  Generally, the approach in Statement 123R is similar to
the approach described in Statement 123.  However, Statement 123R
requires all share-based payments to employees, including grants
of employee stock options, to be recognized in the income
statement based on their fair values.  Pro-forma disclosure is no
longer an alternative.  On April 14, 2005, the SEC amended the
effective date of the provisions of this statement.  The effect
of this amendment by the SEC is that the Company will have to
comply with Statement 123R and use the Fair Value based method of
accounting no later than the fourth quarter of fiscal year 2006.
Management has not determined the impact that this statement will
have on Company's consolidated financial statements.





<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)

NOTE B - NOTES PAYABLE

Notes payable at December 31, 2005 and March 31, 2005 are as
follows:

<TABLE>
<CAPTION>
                                        December 31, 2005       March 31, 2005
                                        -----------------     ------------------
<S>                                     <C>                   <C>
Series of advances unsecured and
  payable on demand to Company
  board member and shareholder,
  accrues interest at 10% per annum           $   180,691            $   180,691
Series of advances unsecured and
  payable on demand to Company
  shareholder, accrues interest at
  10% per annum (b)                                     -                 36,321
Unsecured note payable on demand to
  Company shareholder, accrues
  interest at 10% per annum                        10,000                 10,000
Unsecured note payable on demand to
  Company shareholder, accrues
  interest at 10% per annum                        10,000                 10,000
Unsecured note payable on demand to
  Company shareholder, accrues interest
  at 10% per annum                                 30,000                 30,000
Unsecured note payable on demand to
  Company shareholder, accrues interest
  at 10% per annum (b)                                  -                  2,000
Unsecured note payable on demand,
  accrues interest at 10% per annum                 1,500                  1,500
Unsecured note payable on demand,
  accrues interest at 10% per
  annum (a)                                             -                 10,000
Unsecured note payable on demand to
  Company shareholder, accrues
  interest at 10% per annum                         7,200                  7,200
Unsecured note payable accrues
  interest at 12% per annum, maturity
  date is November 12, 2004                        30,000                 30,000
Unsecured note payable accrues
  interest at 10% per annum; maturity
  date is August 18, 2005                          13,000                 13,000
Unsecured note payable, accrues
  interest at 10% per annum, minimum
  monthly payment of $2,000 with the
  balance due no later than October
  2007; early redemption is expected
  when Company has available funds.(c)             89,000                 93,000
Unsecured note payable on demand to
  Company shareholder, accrues
  interest at 10% per annum; note due
  in January 2006;  redemption
  expected when Company has available
  funds                                             9,536                      -
                                              -----------            -----------
Total                                         $   380,927            $   423,712
Less: current portion                            (380,927)              (423,712)
                                              -----------            -----------
                                              $         -            $         -
                                              ===========            ===========
</TABLE>



<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)

NOTE B - NOTES PAYABLE (Continued)

(a) During the period ended September 30, 2005, one of the
Company's shareholder and director agreed to convert notes
payable in aggregate of principal amount of $10,000 and unpaid
accrued interest of $4,052 into 56,144 shares of the Company's
restricted common stock.  The Company's director shall also
receive 56,144 warrants which expire four year from the issuance
date with an exercise price of $0.50 per share (Note D).  The
conversion price, $0.25 per share, was approximately the fair
market value of the Company's common shares at the time the
agreement was entered into.

 (b) During the period ended June 30, 2005, one of the Company's
shareholder and director agreed to convert notes payable in
aggregate of principal amount of $38,321 and unpaid accrued
interest of $27,218 into 262,156 shares of the Company's
restricted common stock.  The Company's director shall also
receive 262,156 warrants expire four year from the issuance date
with an exercise price of $0.50 per share (Note D).  The
conversion price, $0.25 per share, was approximately the fair
market value of the Company's common shares at the time the
agreement was entered into.

(c) During the year ended March 31, 2005, the Company issued a
promissory note in the amount of $93,000 to an investor in
exchange for $53,000 of funds the investor previously advanced to
the Company for working capital purpose, and $40,000 of liability
due to the investor by a related party of the Company.  The
Company assumed the $40,000 of liability from the related party
and accounted for the liability assumed as other expense during
the year ended March 31, 2005.

NOTE C - CAPITAL STOCK

The Company is authorized to issue 50,000,000 shares of common
stock with $0.005 par value per share. As of December 31, 2005
and March 31, 2005, the Company has issued and outstanding
34,745,093 and 29,193,501 shares of common stock, respectively.

During the quarter ended June 30, 2005, the Company issued an
aggregate of 56,000 shares of common stock, valued at $14,000, in
exchange for common stock subscribed as of March 31, 2005. The
Company received proceeds of $237,000, net of costs and fees, in
exchange for 1,185,000 shares common stock subscribed.  The
Company also issued an aggregate of 885,000 shares of common
stock in exchange for proceeds of $177,500, net of costs and
fees. The Company issued an aggregate of 262,156 shares of common
stock to one of its shareholders and directors in exchange for
$38,321 of notes payable and $27,218 of unpaid accrued interest
(Note B).  The Company issued an aggregate of 80,064 shares of
common stock as compensation for eight directors.  The shares
were valued at $0.25 per share, which approximated the fair value
of the shares issued during the period services were completed
and rendered, and $20,016 was charged to operations during the
quarter ended June 30, 2005   The Company issued an aggregate of
190,322 shares of common stock to two vendors in exchange for
$9,328 of accrued expenses and $38,252 of business operating
expenses.  The Company issued an aggregate of 179,106 shares of
common stock in exchange for accrued salaries of $33,943 and
$10,834 of business operating expenses.

During the quarter ended September 30, 2005, the Company issued
an aggregate of 1,145,000 shares of common stock, valued at
$230,000, in exchange for common stock subscribed as of June 30,
2005.  The Company also received proceeds of $175,500 in exchange
for common stock subscribed.  Stock subscription payable at
September 30, 2005 amounted $202,500. The Company issued an
aggregate of 250,000 shares of common stock in exchange for
proceeds of $62,500, net of costs and fees. The Company issued an
aggregate of 56,144 shares of common stock to one of its
shareholders in exchange for $10,000 of notes payable and $4,052
of unpaid accrued interest (Note B). The Company issued an
aggregate of 198,000 shares of common stock to one vendor in
exchange for $49,700 of accrued expenses.



<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)


NOTE C - CAPITAL STOCK (Continued)

During the quarter ended December 31, 2005, the Company issued an
aggregate of 480,000 shares of common stock in exchange for
$125,000 of proceeds, net of costs and fees. The Company issued
an aggregate of 150,800 shares of common stock to one of its
shareholders in exchange for license fees of $37,700.  The
Company issued 5,000 shares of common stock, valued at $1,250,
for services rendered, which approximated the fair value of the
shares issued during the period services were completed and
rendered.  The Company issued 144,000 shares of common stock to
its board of directors in exchange for services rendered valued
at $36,000, which approximated the fair value of the shares
issued during the period services were completed and rendered.
The Company also issued an aggregate of 1,470,000 shares for
common stock previously subscribed.  Additionally, the Company
received an aggregate of $42,500 for 170,000 shares of common
stock subscribed.  These shares have not been issued as of
December 31, 2005, and accordingly were accounted for as common
stock subscription payable.

NOTE D - STOCK OPTIONS AND WARRANTS

Options
-------

The following table summarizes the changes in options outstanding
and the related prices for the shares of the Company's common
stock issued to shareholders and employees at December 31, 2005.

<TABLE>
<CAPTION>
             Options Outstanding                             Options Exercisable
---------------------------------------------   ------------------------------------------------
                          Weighted Average
Exercise    Number      Remaining Contractual   Weighted Average     Number     Weighted Average
Prices    Outstanding       Life (Years)         Exercise Price    Exercisable   Exercise Price
--------  -----------   ---------------------   ----------------   -----------  ----------------
<S>       <C>           <C>                     <C>                <C>          <C>
$  1.00       712,008           4.18                $  1.00            712,008       $  1.00
  0.265     6,968,547          19.26                  0.265          6,968,547          0.25
   0.25       418,640          19.51                   0.25            418,640         0.265
   0.50       257,502          19.76                   0.50            257,502          0.50
            ---------          -----                -------          ---------       -------
            8,356,697          18.00                $  0.33          8,356,697       $  0.33
            =========          =====                ========         =========       =======
</TABLE>


Transactions involving the Company's options issuances are
summarized as follows:

<TABLE>
<CAPTION>
                                                       Weighted Average
                                   Number of Shares     Exercise Price
                                   ----------------    ----------------
<S>                                <C>                 <C>
Outstanding at March 31, 2003             2,782,008        $   1.00
  Granted                                         -               -
  Exercised                                       -               -
  Cancelled or Expired                            -               -
                                          ---------        --------
Outstanding at March 31, 2004             2,782,008        $   1.00
  Granted                                         -               -
  Exercised                                       -               -
  Cancelled or Expired                     (100,000)              -
                                          ---------        --------
Outstanding at March 31, 2005             2,682,008        $   1.00
  Granted                                 7,644,689             .27
  Exercised                                       -               -
  Cancelled or Expired                   (1,970,000)           1.00
                                          ---------        --------
Outstanding at December 31, 2005          8,356,697        $    .33
                                          =========        ========
</TABLE>


<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)


NOTE D - STOCK OPTIONS AND WARRANTS (Continued)

Options (Continued)
------------------

In March 2005, the Company's three Executive Officers agreed to
accept stock options in exchange for all accrued  unpaid
salaries.  The stock options may be exercised on a cashless
basis,  and the maximum  duration of the stock  options will be
20 years from issuance.  During the period ended December 31,
2005, the Company granted an aggregate of 7,644,689 stock options
to the Executive Officers in exchange for all accrued unpaid
salaries prior September 2005.

Warrants
--------

The following table summarizes the changes in warrants
outstanding and the related prices for the shares of the
Company's common stock issued to shareholders and employees at
December 31, 2005.

<TABLE>
<CAPTION>
             Options Outstanding                             Options Exercisable
---------------------------------------------   ------------------------------------------------
                          Weighted Average
Exercise    Number      Remaining Contractual   Weighted Average     Number     Weighted Average
Prices    Outstanding       Life (Years)         Exercise Price    Exercisable   Exercise Price
--------  -----------   ---------------------   ----------------   -----------  ----------------
<S>       <C>           <C>                     <C>                <C>          <C>
 $  1.00    1,354,202           1.42                 $  1.00         1,354,202      $  1.00
    0.50    8,636,363           3.17                    0.50         8,636,363         0.50
    0.25      656,250           3.42                    0.25           656,250         0.25
           ----------           ----                 -------        ----------      -------
           10,646,815           2.96                 $  0.55        10,646,815      $  0.55
           ==========           ====                 =======        ==========      =======
</TABLE>

Transactions involving the Company's warrant issuances are
summarized as follows:

<TABLE>
<CAPTION>
                                                       Weighted Average
                                   Number of Shares     Exercise Price
                                   ----------------    ----------------
<S>                                <C>                 <C>
Outstanding at March 31, 2003             1,755,302        $   1.00
  Granted                                   327,200            1.00
  Exercised                                       -               -
  Cancelled or Expired                     (871,600)           1.00
                                         ----------        --------
Outstanding at March 31, 2004             1,210,902        $   1.00
  Granted                                 5,590,756            0.50
  Exercised                                       -               -
  Cancelled or Expired                     (163,100)           1.00
                                         ----------        --------
Outstanding at March 31, 2005             6,638,558        $   0.58
  Granted                                 4,038,257            0.50
  Exercised                                       -               -
  Cancelled or Expired                      (30,000)           1.00
                                         ----------        --------
Outstanding at December 31, 2005         10,646,815        $   0.55
                                         ==========        ========
</TABLE>


<PAGE>

                        LINK PLUS CORPORATION
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          DECEMBER 31, 2005
                             (UNAUDITED)

NOTE D - STOCK OPTIONS AND WARRANTS (Continued)

Warrants (Continued)
-------------------

The Company granted 5,976 compensatory warrants to an attorney in
exchange for services during the period ended December 31, 2004.
The estimated value of warrants granted and vested during the
period ended December 31, 2004 was determined using the Black-
Scholes option pricing model and the following assumptions:
contractual term of 4 years, a risk free interest rate of 1.46%,
a dividend yield of 0% and volatility of 121%. Compensation
expense of $843 was charged to operations for the period ended
December 31, 2004.

The Company granted an aggregate of 1,100,000 compensatory
warrants to employees in exchange for services rendered during
the period ended December 31, 2004.  The Company granted an
aggregate of 336,400 compensatory warrants to an employee during
the period ended December 31, 2005.  If the Company recognized
compensation cost for compensatory warrants granted to employees
in accordance with SFAS No. 123, the Company's pro forma net loss
and net loss per share would have been $(1,667,709) and $(0.05)
for the period ended December 31, 2005 and $(1,009,049) and
$(0.04) for the period ended December 31, 2004.  The estimated
value of warrants granted and vested during the period ended
December 31, 2005 was determined using the Black-Scholes option
pricing model and the following assumptions: contractual term of
4 years, a risk free interest rate of 1.72%, a dividend yield of
0% and volatility of 223%.


<PAGE>


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
          OPERATION

The following discussion contains forward-looking statements that
are subject to significant risks and uncertainties.  There are
several important factors that could cause actual results to
differ materially from historical results and percentages and
results anticipated by the forward-looking statements. The
Company has sought to identify the most significant risks to its
business, but cannot predict whether or to what extent any of
such risks may be realized nor can there be any assurance that
the Company has identified all possible risks that might arise.
Investors should carefully consider all of such risks before
making an investment decision with respect to the Company's
stock.

REVENUES
--------

QUARTER ENDED DECEMBER 31, 2005 AND 2004

The Company's total revenues were $20,876 for the quarter ended
December 31, 2005 compared to $38,500 for the same period ended
December 31, 2004.   Currently the company's prime contracts are
development oriented with regular production to follow completion
and acceptance of the final product.  The development phases of
the project are billed on a milestone basis which does not
conform necessarily to a regular billing schedule.  No contract
billing milestones occurred during the quarter which accounts for
the difference in revenues.  The Company has capitalized the
payments made to date and will record to cost of sales when
revenues are generated from the project. While this has
implications for cash flow it should not impact overall revenue
goals for the company.

During the period covered by this filling the Government paid
royalties of $6,386 under the Government License Agreement for
LinkPlus(r) Lincompex technology.   The Government is obligated to
pay such royalties but is not obligated to provide a quarterly
report of delivered radios.

NINE MONTHS ENDED DECEMBER 31, 2005 AND 2004

The Company's total revenues were $61,701 for the nine months
ended December 31, 2005 compared to $157,218 for the same period
ended December 31, 2004.

COSTS AND EXPENSES
------------------

QUARTER ENDED DECEMBER 31, 2005 AND 2004

The Company's cost of sales was $9,139 for the quarter compared
to $6,921 for the quarter ended December 31, 2004.    The Company
is currently in the development phases of its current contracts.

As a result of successful marketing efforts, the Company has
experienced significant growth in number of employees, contracts,
work activities, and expenses.  The Company has worked diligently
to control growth in costs and to reduce debt while maintaining
required growth.  Overall, the Company's selling, general and
administrative expenses for the quarter ended December 31, 2005
was $485,990 compared to $381,758 for the same period ended
December 31, 2004, an increase of $104,232.  The following is a
breakdown of the major changes in expenses:

   *   Increased rent costs due to relocation to new office space
       of $16,325
   *   Increased licenses and patent costs $44,090
   *   Increase in health insurance costs of $14,203
   *   Increase in salaries and payroll taxes of $2,406
   *   Increased car and truck expense of $5,450

In summary, the Company's ongoing focus on reducing debt and
concentrating expenditures in areas which help to grow the
Company are reflected in the financial picture.  In the current
reporting period the entire increase in expenditures relative to


<PAGE>

the prior years reporting period is due to debt reduction, and
all increases in required operating expenses were offset by
reductions in non-growth related areas.

Interest expense was $11,508 for the quarter ended December 31,
2005 compared to $8,459 for the same period ended December 31,
2004, resulting in an increase of $3,049.

NINE MONTHS ENDED DECEMBER 31, 2005 AND 2004

The Company's cost of sales was $12,386 for the nine months ended
December 31, 2005, compared to $15,791 for the nine months ended
December 31, 2004. The Company is currently in the development
phases of its current contracts.

As a result of successful marketing efforts, the Company has
experienced significant growth in number of employees, contracts,
work activities, and expenses. The Company has worked diligently
to control growth in costs and to reduce debt while maintaining
required growth. Overall, the Company's selling, general and
administrative expenses for the nine months ended December 31,
2005 was $1,438,374 compared to $1,116,182 for the same period
ended December 31, 2004, an increase of $322,192. The increase is
mainly attributable to increase in rent costs, licenses fees,
health insurance costs, and salaries.

In the past, the Company has relied on the issuance of equity
securities to non-employees in exchange for services as a
strategy to enhance the Company's position in lieu of capital
resources and revenues from operations. The Company's management
enters into equity compensation agreements with non-employees if
it is in the best interest of the Company under terms and
conditions consistent with the requirements of Financial
Accounting Standards No. 123, "Accounting for Stock Based
Compensation." In order conserve its limited operating capital
resources, the Company anticipates continuing to compensate non-
employees for services during the next twelve months on an as
needed basis and as part of its continued debt reduction
strategy. This policy may have a material effect on the Company's
results of operations during the next twelve months.

LIQUIDITY AND CAPITAL RESOURCES

As reflected in the accompanying unaudited financial statements,
the Company incurred net losses of $487,600 and $358,915 for the
quarters ended December 31, 2005 and 2004, respectively, and has
an accumulated deficit of $19,263,204 as of December 31, 2005.
In addition, the Company's current liabilities exceeded its
current assets by $2,738,234 as of December 31, 2005.  As a
result of our operating losses in the nine months ended December
31, 2005, we generated a cash flow deficit of $839,204 from
operating activities. Cash flows used in investing activities was
$49,133 during this period.  We met our cash requirements during
this period primarily through issuance of common stock and common
stock subscription in the amount of $820,000.

While the Company has raised capital necessary to meet its
working capital and financing needs in the past, additional
financing is required in order to meet the Company's current and
projected cash flow deficits from operations and development. In
the past, we have relied on the sale of our common stock to
private investors and proceeds from advances and loans from
significant shareholders.  The Company maintains an open Private
Placement Memorandum and continues to explore backing from
industry and financial institutions.  Moreover, as part of its
cooperation agreement with Taihang Investment and Development
Company for manufacturing, Link Plus will receive capital
investments tied to production orders.

There is no assurance we will continue to receive funds from
outside investors and shareholders. We currently do not have
sufficient capital resources to fund our current level of
operating activities, capital expenditures and other obligations
through the next twelve months. If we are not successful in
generating sufficient liquidity from operations or in raising
sufficient capital resources, on terms acceptable to us, this
could have a material adverse effect on our business, results of
operations, liquidity, and financial condition.

As noted above, the Company is seeking financing in the form of
debt or equity in order to provide the necessary working capital.
Such financing may be upon terms that are dilutive or potentially
dilutive to our stockholders.  The Company currently has no
immediate commitments for financing.



<PAGE>


The independent auditors report on the Company's March 31, 2005
financial statements included in this report states that the
Company's recurring losses raise substantial doubts about the
Company's ability to continue as a going concern.

IMPACT OF INFLATION

The Company does not believe that inflation has had a material
adverse effect on sales or income during the past periods. Future
increases in supplies or other operating costs could adversely
affect the Company's operations; however, the Company believes it
could increase prices to offset increases in costs of goods
sold or other operating costs.

OFF- BALANCE SHEET ARRANGEMENTS

The Company does not maintain off-balance sheet arrangements nor
does it participate in non-exchange traded contracts requiring
fair value accounting treatment.


ITEM 3.  CONTROLS AND PROCEDURES

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

  Disclosure controls and procedures are controls and other
procedures that are designed to ensure that information required
to be disclosed by us in the reports that we file or submit under
the Exchange Act is recorded, processed, summarized and reported,
within the time periods specified in the Securities and Exchange
Commission's rules and forms.  Disclosure controls and procedures
include, without limitation, controls and procedures designed to
ensure that information required to be disclosed by us in the
reports that we file under the Exchange Act is accumulated and
communicated to our management, including our principal executive
and financial officers, as appropriate to allow timely decisions
regarding required disclosure.

  Evaluation of Disclosure and Controls and Procedures.  As of
  ----------------------------------------------------
the end of the period covered by this Quarterly Report, we
conducted an evaluation, under the supervision and with the
participation of our chief executive officer, of our disclosure
controls and procedures (as defined in Rules 13a-15(e) of the
Exchange Act).  Based on this evaluation, our chief executive
officer concluded that our 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 Securities and Exchange Commission rules and
forms.

  Changes in Internal Controls Over Financial Reporting.  There
  -----------------------------------------------------
was no change in our internal controls, which are included within
disclosure controls and procedures, during our most recently
completed fiscal quarter that has materially affected, or is
reasonably likely to materially affect, our internal controls.


                PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

During the quarter ended December 31, 2005, the Company issued an
aggregate of 480,000 shares of common stock in exchange for
$125,000 of proceeds, net of costs and fees. The Company issued
an aggregate of 150,800 shares of common stock to one of its
shareholders in exchange for license fees of $37,700.  The
Company issued 5,000 shares of common stock, valued at $1,250,
for services rendered.  The Company issued 144,000 shares of
common stock to its board of directors in exchange for services
rendered valued at $36,000.  The Company issued an aggregate of
1,470,000 shares for common stock previously subscribed. These
transactions were exempt from registration  pursuant to Section
4(2) of the Securities Act of 1933.


<PAGE>

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.


ITEM 5. OTHER INFORMATION

None.



<PAGE>


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

Regulation
S-B Number                    Exhibit

   31.1      Rule 13a-14(a) Certification of Chief Executive
             Officer
   31.2      Rule 13a-14(a) Certification of President and Chief
             Operating Officer
   31.3      Rule 13a-14(a) Certification of Principal Financial
             Officer
   32.1      Section 1350 Certification of Chief Executive Officer
   32.2      Section 1350 Certification of President and Chief
             Operating Officer
   32.3      Section 1350 Certification of Principal Financial
             Officer

---------------
*  Incorporated by reference to the exhibits to the registrant's
   registration statement on Form 10-SB, file number 000-50077.



<PAGE>


                          SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                    LINK PLUS CORPORATION


Dated:  February 10, 2006           By: /s/Robert L. Jones, Jr.
                                       ----------------------------
                                              Robert L. Jones, Jr.,
                                                   Chairman and CEO



Dated:  February 10, 2006           By: /s/Patricia E. Jones
                                       ----------------------------
                                                 Patricia E. Jones,
                                                Secretary/Treasurer
                                      (Principal Financial Officer)


<PAGE>