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 JUNE 30, 2003

[ ]      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)

                     P.O. BOX 1340, ELLICOTT CITY, MD 21041
                    (Address of principal executive offices)

                                 (410) 203-9770
                           (Issuer's telephone number)

                                 NOT APPLICABLE
              (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 Section 13
   or 15(d) of the Exchange Act 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 [ ] No [X]

        The issuer had 20,270,520 shares of its common stock outstanding
                              as of June 30, 2003.

<PAGE>

                              LINK PLUS CORPORATION
                              INDEX TO FORM 10-QSB

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

         Condensed Consolidated Balance Sheets June 30, 2003 and March 31, 2003

         Condensed Consolidated Statements of Losses for the three months ended
         June 30, 2003 and 2002

         Condensed Consolidated Statements of Cash Flows for the three months
         ended June 30, 2003 and 2002

         Notes to Unaudited Financial Statements

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 and Reports on Form 8-K

                                   SIGNATURES




                                       2

<PAGE>
                              LINK PLUS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                JUNE 30, 2003            MARCH 31, 2003
                                                                                -------------            --------------
                                                                                 (UNAUDITED)                (AUDITED)
<S>                                                                             <C>                      <C>
ASSETS

Current Assets:

Cash and Equivalents                                                            $           -            $            -
                                                                                --------------           ---------------
Total Current Assets                                                                        -                         -

Property, Plant and Equipment, net of accumulated
depreciation of $488,119 at June 30, 2003 and March 31, 2003                            2,690                     2,690
                                                                                --------------           ---------------

                                                                                $       2,690            $        2,690
                                                                                ==============           ===============

LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts payable                                                                $     622,079            $      622,078
Accrued liabilities                                                                 1,021,355                   996,070
Notes payable-current                                                                 342,338                   330,838
                                                                                --------------           ---------------
Total Current Liabilities                                                           1,985,772                 1,948,986

Deferred revenue                                                                      200,000                   200,000


Commitments and Contingencies                                                               -                         -

Deficiency in Stockholders' Equity:

Common Stock, par value $.005 per share; 50,000,000 shares authorized;
20,270,520 and 20,194,269 shares issued and outstanding at June 30, 2003 and
March 31, 2003, respectively                                                          101,352                   100,971

Additional Paid-In-Capital                                                         10,897,184                10,745,066

Common stock subscribed                                                                     -                         -

Accumulated Deficit                                                               (13,181,619)              (12,992,333)
                                                                                --------------           ---------------

                                                                                   (2,183,082)               (2,146,296)
                                                                                --------------           ---------------

                                                                                $       2,690            $        2,690
                                                                                ==============           ===============

</TABLE>

         SEE ACCOMPANYING NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS



                                       3
<PAGE>
                              LINK PLUS CORPORATION
                   CONDENSED CONSOLIDATED STATEMENTS OF LOSSES
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                             Three Months Ended June 30,
                                                            2003                     2002
                                                            ----                     ----
<S>                                                     <C>                     <C>
REVENUES:

Royalty sales                                           $         -             $       8,019
                                                        ------------            --------------
                                                                  -                     8,019
Operating Expenses:

Selling, general and administrative                         173,950                   213,004

Depreciation                                                      -                         -
                                                        ------------            --------------
Total Operating Expense                                     173,950                   213,004


LOSS FROM OPERATIONS                                       (173,950)                 (204,985)


Interest (expense), net                                     (15,336)                  (16,211)
                                                        ------------            --------------

Net loss before income taxes                               (189,286)                 (221,196)


Income (taxes) benefit                                            -                         -
                                                        ------------            --------------
NET LOSS                                                $  (189,286)            $    (221,196)
                                                        ============            ==============



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

Weighted Average Shares Outstanding (Basic and
Diluted)                                                 20,235,501                18,216,962

</TABLE>

         SEE ACCOMPANYING NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS


                                       4
<PAGE>
                              LINK PLUS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                              Three Months Ended June 30,
                                                                              2003                   2002
                                                                              ----                   ----
<S>                                                                   <C>                      <C>
Cash flows from operating activities:

Net loss                                                              $   (189,286)            $   (221,196)
Adjustments to reconcile net loss to net cash (used in)
operating activities:
Common stock issued for board of directors and employee
compensation                                                               152,502                        -
(Increase) decrease in:

Accounts payable and accrued expenses                                       25,284                  202,496
                                                                      -------------            -------------
Net cash (used in) operating activities                                    (11,500)                 (18,700)

Cash flows from financing activities:

Proceeds from issuance of common stock                                           -                    5,000
Proceeds from common stock subscribed                                            -                   22,500
Proceeds from notes payable                                                 11,500                        -
Payments of notes payable                                                        -                   (8,800)
                                                                      -------------            -------------
Net cash provided by financing activities                                   11,500                   18,700

Net increase (decrease) in cash and cash equivalents                             -                        -

Cash and cash equivalents at beginning of the period                             -                        -

Cash and cash equivalents at end of the period                        $          -             $          -
                                                                      =============            =============

Supplemental Disclosures of Cash Flow Information:

Cash paid during period for interest                                  $          -             $          -
Cash paid during period for income taxes                              $          -             $          -
Common stock issued for board of directors and employee
compensation                                                          $    152,502             $          -

</TABLE>


         SEE ACCOMPANYING NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS

                                      5

<PAGE>

                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003
                                   (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 from  developmental  stage  operations for the three-month  period ended
June 30, 2003 are not necessarily indicative of the results that may be expected
for the  year  ended  March  31,  2004.  The  unaudited  condensed  consolidated
financial  statements  should be read in  conjunction  with the  March 31,  2003
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  communication  equipment and
communication enhancement products.

The consolidated  financial  statements  include the accounts of the Company and
its wholly owned  subsidiary,  Link Plus  International,  Inc.  All  significant
intercompany  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 December  2002,  the FASB issued SFAS No. 148,  "Accounting  for  Stock-Based
Compensation-Transition and Disclosure-an amendment of SFAS 123." This statement
amends SFAS No.  123,  "Accounting  for  Stock-Based  Compensation,"  to provide
alternative methods of transition for a voluntary change to the fair value based
method of accounting for stock-based employee  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, 2003 and for the
quarter ended June 30, 2003.


                                       6
<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003
                                   (UNAUDITED)

NOTE A - SUMMARY OF ACCOUNTING POLICIES

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:

<TABLE>
<CAPTION>
                                                                For the three month ended
                                                                         June 30
                                                                 2003                2002
                                                                  ----                ----
<S>                                                            <C>                 <C>
Net loss - as reported                                         $ (189,286)         $ (221,196)
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)                -                   -
                                                               -----------         -----------
Net loss - Pro Forma                                           $ (189,286)         $ (221,196)
Net loss attributable to common stockholders - Pro forma       $ (189,286)         $ (221,196)
Basic (and assuming dilution) loss per share - as reported     $    (0.01)         $    (0.01)
Basic (and assuming dilution) loss per share - Pro forma       $    (0.01)         $    (0.01)
</TABLE>

NEW ACCOUNTING PRONOUNCEMENTS

In April 2003,  the FASB issued  Statement  of  Financial  Accounting  Standards
(SFAS) No. 149, AMENDMENT OF STATEMENT 133 ON DERIVATIVE INSTRUMENTS AND HEDGING
ACTIVITIES.  SFAS  149  amends  SFAS No.  133 to  provide  clarification  on the
financial  accounting  and  reporting  of  derivative  instruments  and  hedging
activities and requires that contracts with similar characteristics be accounted
for on a  comparable  basis.  The  provisions  of  SFAS  149 are  effective  for
contracts  entered  into or  modified  after  June  30,  2003,  and for  hedging
relationships  designated after June 30, 2003. The adoption of SFAS 149 will not
have a material  impact on the  Company's  results of  operations  or  financial
position.

In May 2003,  the FASB  issued SFAS No. 150,  ACCOUNTING  FOR CERTAIN  FINANCIAL
INSTRUMENTS  WITH  CHARACTERISTICS  OF BOTH  LIABILITIES  AND  EQUITY.  SFAS 150
establishes standards on the classification and measurement of certain financial
instruments with  characteristics of both liabilities and equity. The provisions
of SFAS 150 are  effective for  financial  instruments  entered into or modified
after May 31, 2003 and to all other  instruments  that exist as of the beginning
of the first interim  financial  reporting period beginning after June 15, 2003.
The  adoption  of SFAS  150 will not have a  material  impact  on the  Company's
results of operations or financial position.


NOTE B - CAPITAL STOCK

The Company is authorized to issue 50,000,000 shares of common stock with $0.005
par value per share.  As of June 30 2003, the Company has issued and outstanding
20,270,520 shares of common stock.

On October 1, 2002,  the  Company  declared a 2-for-1  stock split on its common
stock. All common stock share information has been adjusted retroactively in the
accompanying consolidated financial statements for all periods presented.


                                       7
<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003
                                   (UNAUDITED)

NOTE B - CAPITAL STOCK (CONTINUED)

In the three month period ended June 30, 2003,  the Company issued 76,251 shares
of the Company's  common stock to employee and members of the Company's Board of
Directors in exchange for services  provided to the Company.  The Company valued
the shares issued at $152,502,  which  approximated the fair value of the shares
issued  during the period the services were  rendered.  The  compensation  costs
charged to income during the quarter ended June 30, 2003 were of $152,502.


NOTE C - 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 June 30, 2003.

<TABLE>
<CAPTION>
                     OPTIONS OUTSTANDING                                  OPTIONS EXERCISABLE
                                             WEIGHTED
                                              AVERAGE                    NUMBER        WEIGHTED AVERAGE
                            NUMBER           REMAINING                 EXERCISABLE      EXERCISE PRICE
   EXERCISE PRICES:       OUTSTANDING       CONTRACTUAL
                                            LIFE (YEARS)

<S>                       <C>                   <C>                     <C>                    <C>
             $1.00         1,950,000             2.5                     1,950,000              $1.00
             $1.00            20,000             2.6                        20,000              $1.00
             $1.00           100,000             1.3                       100,000              $1.00
             $1.00           712,008            18.2                       712,008              $1.00
                          ----------            ----                    ----------              -----
                           2,782,008             6.5                     2,782,008              $1.00
                          ==========            ====                    ==========              =====
</TABLE>

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

                                             NUMBER OF       WEIGHTED AVERAGE
                                              SHARES          EXERCISE PRICE

   Outstanding at March 31, 2001             2,070,000           $   1.00
                                            ==========           ========
   Granted                                     712,008               1.00
   Exercised                                         -                  -
   Cancelled                                         -                  -
                                            ----------           --------
   Outstanding at March 31, 2002             2,782,008           $   1.00
                                            ==========           ========
   Granted                                           -                  -
   Exercised                                         -                  -
   Cancelled                                         -
                                            ----------           --------
   Outstanding at March 31, 2003             2,782,008           $   1.00
                                            ==========           ========
   Granted                                           -                  -
   Exercised                                         -                  -
   Cancelled                                         -                  -
                                            ----------           --------
   Outstanding at June 30, 2003              2,782,008           $   1.00
                                            ==========           ========

                                       8

<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003
                                   (UNAUDITED)

NOTE C - STOCK OPTIONS AND WARRANTS (CONTINUED)

OPTIONS (CONTINUED)

All options granted to non-employees are non-compensatory and exercise prices of
options are higher than the fair market value of the Company's common stock, and
thus none was charged to operations for the period ended June 30, 2003 and 2002.
There were no awards of employee  stock  options  issued during the period ended
June 30, 2003 and 2002.  If the  Company  recognized  compensation  cost for the
employee  stock option plan in  accordance  with SFAS No. 123, the Company's pro
forma net loss and net loss per share would have been $(189,286) and $(0.01) for
the period ended June 30, 2003 and  $(221,196)  and $(0.01) for the period ended
June 30, 2002.

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 June 30, 2003.

<TABLE>
<CAPTION>
                    WARRANTS OUTSTANDING                                 WARRANTS EXERCISABLE
                                           WEIGHTED
                                           AVERAGE
                          NUMBER          REMAINING
   EXERCISE             OUTSTAND-      CONTRACTUAL LIFE            NUMBER                WEIGHTED AVERAGE
   PRICES:                 ING              (YEARS)             EXERCISABLE               EXERCISE PRICE
<S>                   <C>                      <C>            <C>                             <C>
       $1.00              55,500               0.9                  55,500                    $1.00
       $1.00           1,699,802               1.7               1,699,802                    $1.00
                      ----------               ---             -----------                    -----
                       1,755,302               1.7               1,755,302                    $1.00
                      ==========               ===             ===========                    =====
</TABLE>

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

                                             NUMBER OF       WEIGHTED AVERAGE
                                              SHARES          EXERCISE PRICE

   Outstanding at March 31, 2001             1,034,700          $   1.00
                                            ==========          ========
   Granted                                      30,000              1.00
   Exercised                                         -                 -
   Cancelled                                         -                 -
                                            ----------          --------
   Outstanding at March 31, 2002             1,064,700          $   1.00
                                            =========           ========
   Granted                                     690,602              1.01
   Exercised                                         -                 -
   Cancelled                                         -              1.00
                                            ----------          --------
   Outstanding at March 31, 2003             1,755,302          $   1.00
                                            ==========          ========
   Granted                                           -                 -
   Exercised                                         -                 -
   Cancelled                                         -              1.00
                                            ----------          --------
   Outstanding at June 30, 2003              1,755,302          $   1.00
                                            ==========          ========

For  the  period  ended  June  30,  2003  and  2002,  all  warrants  granted  to
non-employees  are  non-compensatory  and exercise  prices of options are higher
than the fair market  value of the  Company's  common  stock,  and thus none was
charged to operations for the period ended June 30, 2003 and 2002.


                                       9
<PAGE>


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

The following Management Discussion and Analysis should be read in conjunction
with the Company's audited Financial Statements and Notes thereto, along with
the audited financial statements for the year ended March 31, 2003 included in
the Form 10-KSB filed with the Securities and Exchange Commission on August 27,
2003.

This Form 10-QSB contains certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. All statements included
herein that address activities, events or developments that the Company expects,
believes, estimates, plans, intends, projects or anticipates will or may occur
in the future, are forward-looking statements. Actual events may differ
materially from those anticipated in the forward-looking statements. Important
risks that may cause such a difference include: general domestic and
international economic business conditions, increased competition in the
Company's markets and products. Other factors may include, availability and
terms of capital, and/or increases in operating and supply costs. Market
acceptance of existing and new products, rapid technological changes,
availability of qualified personnel also could be factors. Changes in the
Company's business strategies and development plans and changes in government
regulation could adversely affect the Company. Although the Company believes
that the assumptions underlying the forward-looking statements contained herein
are reasonable, any of the assumptions could be inaccurate. There can be no
assurance that the forward-looking statements included in this filing will prove
to be accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such information
should not be regarded as a representation by the Company that the objectives
and expectations of the Company would be achieved.

PLAN OF OPERATION

The Company's financial condition is the result of a restructuring of the
Company from primarily a U. S. government contractor to a high technology
company based on linked compressor and expander (Lincompex) technology. This
restructuring began in 1988 using the cash of the Company, outside investment,
and a strategic partnership with TRW, Inc. to finance the research and
development (R&D) of products based on Lincompex technology. This R&D is
culminated in 2002 with the completion of the ChipSet . This lengthy R&D effort
resulted in a steady decrease in revenue as U.S. government contracts decreased
and few products were completed for sale to generate additional revenue.

COMPARISON OF FINANCIAL RESULTS - THREE MONTHS ENDED JUNE 30, 2003 AND 2002

REVENUES. The Company's total revenues were $0 for the three months ended June
30, 2003 compared to $8,019 for the same period ended June 30, 2002. The decline
was primarily due to a decline in royalty sales.

COSTS AND EXPENSES. The Company's selling, general and administrative expenses
for the three months ended June 30, 2003 was $173,950 compared to $213,004 for
the same period ended June 30, 2002, a decrease of $39,054. This decrease was
primarily due to a decline in salaries expense of $34,995.

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2003, we had a working capital deficit $1,985,772. As a result of
the Company's operating loss of $189,286 for the three months ended June 30,
2003, the Company generated a cash flow deficit of $11,500 from operating
activities, adjusted principally for the value of common stock issued to
employees and members of the Company Board of Directors in exchange for service
in the amount of

                                       10

<PAGE>


$152,502. We met our cash requirements during this period through the proceeds
from the issuance of $11,500 of notes payable to shareholders.

The Company has issued shares of its common stock from time to time in the past
to satisfy certain obligations, and expects in the future to also acquire
certain services, satisfy indebtedness and/or make acquisitions utilizing
authorized shares of the capital stock of the Company.

While the Company has raised capital 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. The Company is seeking financing in the form of equity in order to
provide the necessary working capital. The Company currently has no commitments
for financing. There is no guarantee that the Company will be successful in
raising the funds required.

As the Company continues to expand, the Company will incur additional costs for
personnel. In order for the Company to attract and retain quality personnel,
management anticipates it will have to offer competitive salaries, issue common
stock to consultants and employees, and grant Company stock options to current
and future employees.

In prior periods, the Company has borrowed funds from significant shareholders
of the Company to satisfy certain obligations. There are no assurances that the
Company will be able to borrow funds from significant shareholders of the
Company in the future.

The effect of inflation on the Company's revenue and operating results was not
significant.

The Company's operations are in the United States and there are no seasonal
aspects that would have a material adverse effect on the Company's financial
condition or results of operations.

The independent auditors report on the Company's March 31, 2003 financials
states that the Company's recurring losses and defaults under its debt
obligations raise substantial doubts about the Company's ability to continue as
a going concern.

PRODUCT RESEARCH AND DEVELOPMENT

We may be required to delay, reduce or eliminate some or all of our research and
development activities or sales and marketing efforts if we fail to obtain
additional funding that may be required to satisfy our future capital
expenditure needs. We plan to continue to spend substantial funds to continue
our research and development activities and to expand sales and marketing
efforts. Future liquidity and capital requirements will depend upon numerous
factors, including actions relating to the cost and timing of research and
development and sales and marketing activities, the extent to which our products
gain market acceptance and competitive developments. Any additional required
financing may not be available on satisfactory terms, if at all. If we are
unable to obtain financing, we may be required to delay, reduce or eliminate
some or all of our research and development activities or sales and marketing
efforts.

ACQUISITION OF PLANT AND EQUIPMENT

We do not anticipate the sale of any material property , plant or equipment
during the next 12 months. We do not anticipate the acquisition of any material
property, plant or equipment during the next 12 months.

                                       11

<PAGE>


NUMBER OF EMPLOYEES

We have relied on the services of outside consultants for services and currently
have four (4) full time employees. In order for us to attract and retain quality
personnel, we anticipate we will have to offer competitive salaries to future
employees. We do not anticipate our employment base will significantly change
during the next 12 months. As we continue to expand, we will incur additional
cost for personnel. This projected increase in personnel is dependent upon our
generating revenues and obtaining sources of financing. There is no guarantee
that we will be successful in raising the funds required or generating revenues
sufficient to fund the projected increase in the number of employees.

RECENT ACCOUNTING PRONOUNCEMENTS

In April 2003, the FASB issued Statement of Financial Accounting Standards
(SFAS) No. 149, AMENDMENT OF STATEMENT 133 ON DERIVATIVE INSTRUMENTS AND HEDGING
ACTIVITIES. SFAS 149 amends SFAS No. 133 to provide clarification on the
financial accounting and reporting of derivative instruments and hedging
activities and requires that contracts with similar characteristics be accounted
for on a comparable basis. The provisions of SFAS 149 are effective for
contracts entered into or modified after June 30, 2003, and for hedging
relationships designated after June 30, 2003. The adoption of SFAS 149 will not
have a material impact on the Company's results of operations or financial
position.

In May 2003, the FASB issued SFAS No. 150, ACCOUNTING FOR CERTAIN FINANCIAL
INSTRUMENTS WITH CHARACTERISTICS OF BOTH LIABILITIES AND EQUITY. SFAS 150
establishes standards on the classification and measurement of certain financial
instruments with characteristics of both liabilities and equity. The provisions
of SFAS 150 are effective for financial instruments entered into or modified
after May 31, 2003 and to all other instruments that exist as of the beginning
of the first interim financial reporting period beginning after June 15, 2003.
The adoption of SFAS 150 will not have a material impact on the Company's
results of operations or financial position.


ITEM 3.  CONTROLS AND PROCEDURES

On June 30, 2003, Robert L. Jones, Jr., Chairman, CEO and Donald C. Kolasch,
President, made an evaluation of our disclosure controls and procedures. In
their opinion, the disclosure controls and procedures are effective. There have
been no significant changes in our internal controls or in other factors that
could significantly affect these controls since the last evaluation.







                                       12

<PAGE>

                           PART II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

None


ITEM 2. CHANGES IN SECURITIES

During the three months ended June 30, 2003, the Company issued 76,251 shares of
common stock to employees and members of the Company's Board of Directors in
exchange for services provided to the Company. The Company valued the shares
issued at $152,502, which approximated the fair value of the shares issued
during the period the services were rendered. The compensation costs charged to
income during the quarter ended June 30, 2003 were $152,502.

In issuing the foregoing securities, the Company relied on Sections 3(b) and
4(2) of the Securities Act of 1933 and comparable state law provisions for
exemption from the registration requirements of such Act and laws. All sales
were made by officers of the Company and no commissions were paid. Each investor
was personally known to one or more officers of the Company prior to making the
investment and was furnished with information concerning the formation and
operations of our company. Each investor had the opportunity to verify the
information supplied. Additionally, we obtained a signed representation from
each of the foregoing persons in connection with the issuance of the securities
of his or her intent to acquire the securities for the purpose of investment
only, and not with a view toward the subsequent distribution thereof. Each of
the certificates representing the common stock of the Company has been stamped
with a legend restricting transfer of the securities represented thereby and we
have issued stop transfer instructions to the transfer agent for our common
stock concerning all certificates representing the common stock issued in the
above-described transactions.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.


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

None.


ITEM 5. OTHER INFORMATION

None.





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<PAGE>


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

EXHIBITS

REGULATION
S-B NUMBER                        EXHIBIT

   3.1         Restated Certificate of Incorporation*

   3.2         By-Laws*

  10.1         U.S. Government - Patent Licensing and Release Agreement*

  10.2         Johns Hopkins University - Strategic Relationship and Licensing
               Agreement*

  10.3         Japan Radio Company - Purchase Contract*

  10.4         Johns Hopkins University - Subcontract Agreement*

  10.5         May Lam - Subscription Agreement*

  10.6         Asahi Telecom Company, Ltd. - Subscription Agreement*

  31.1         Rule 13a-14(a) Certification of Chief Executive Officer

  31.2         Rule 13a-14(a) Certification of President

  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

  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.

REPORTS ON FORM 8-K

No reports on Form 8-K were filed during the three-month period covered in this
Form 10-QSB.



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<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:  August 29, 2003              By:  /s/ ROBERT L. JONES, JR.
                                        ----------------------------------------
                                        Robert L. Jones, Jr., Chairman and CEO



Dated:  August 29, 2003              By: /s/ PATRICIA E. JONES
                                        ----------------------------------------
                                        Patricia E. Jones, Secretary/Treasurer
                                        (Principal Financial Officer)










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