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 SEPTEMBER 30, 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)

       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 [X] No[ ]

        Indicate by check mark whether the registrant is a shell company
                 (as defined in Rule 12b-2 of the Exchange Act).
                                  Yes [ ] No [X]

     The issuer had 32,495,293 shares of its common stock outstanding as of
                              September 30, 2005.


    Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

<PAGE>

                              LINK PLUS CORPORATION
                              INDEX TO FORM 10-QSB

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2005


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

         Condensed Consolidated Balance Sheets:
            September 30, 2005 and March 31, 2005

         Condensed Consolidated Statements of Losses:
            For the three and six months ended September 30, 2005 and 2004

         Condensed Consolidated Statements of Cash Flows:
            For the six months ended September 30, 2005 and 2004

         Notes to Unaudited Condensed Consolidated Financial Information
            September 30, 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.  Unregistered Sales of Equity Securities and Use of Proceeds

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











                                       2
<PAGE>
                              LINK PLUS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                              (Unaudited)
                                                           SEPTEMBER 30, 2005       MARCH 31, 2005
<S>                                                        <C>                     <C>
ASSETS

Current assets:
Cash and cash equivalents                                  $           4,057       $       72,617
Accounts receivable, net of allowance for doubtful
account of $0 at September 30, 2004 and March 31,
March 31, 2004.                                                       33,825                    -
                                                           ------------------      ---------------
Total current assets                                                  37,882               72,617

Property and equipment, net of accumulated
depreciation of $515,049 and $490,741 at September
30, 2005 and March 31, 2005, respectively                             16,470                1,706

Other assets:

Prepaid expenses                                                      76,509                    -
Deposits                                                              20,619               10,619
                                                           ------------------      ---------------
Total other assets                                                    97,128               10,619

Total assets                                               $         151,480       $       84,942
                                                           ==================      ===============

LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current Liabilities:

Cash disbursed in excess of available funds                $               -       $          163
Accounts payable and accrued liabilities                           1,912,601            3,692,135
Deferred revenue                                                     218,000              200,000
Advances from officers                                                12,038               17,838
Other advances                                                         6,000                6,000
Notes payable, current portion (Note B)                              371,391              423,712
                                                           ------------------      ---------------
Total current liabilities                                          2,520,030            4,339,848

Commitments and contingencies                                              -                    -

Deficiency in stockholders' equity:
Common stock, par value $.005 per share; 50,000,000
shares authorized; 32,495,293 and 29,193,501 shares
issued and outstanding at September 30, 2005 and
March 31, 2005, respectively (Note C)                                162,476              145,967
Additional paid-in capital                                        16,042,078           13,252,849
Common stock subscription payable (Note C)                           202,500               34,000
Accumulated deficit                                              (18,775,604)         (17,687,722)
                                                           ------------------      ---------------
                                                                  (2,368,550)          (4,254,906)

Total liabilities and deficiency in stockholders' equity   $         151,480       $       84,942
                                                           ==================      ===============
</TABLE>




         See accompanying notes to the unaudited condensed consolidated
                              financial information


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

<TABLE>
<CAPTION>
                                For The Three Months Ended September 30,      For The Six Months Ended September 30,
                                       2005                   2004                   2005                  2004
                                       ----                   ----                   ----                  ----
<S>                              <C>                     <C>                   <C>                    <C>

Revenues, net                    $        40,825         $       83,578        $        40,825        $      118,718

Cost of sales                              3,248                  4,938                  3,248                 8,870
                                 ----------------        ---------------       ----------------       ---------------
Gross profit                              37,577                 78,640                 37,577               109,848

Operating expenses:

Selling, general and
administrative                           507,811                341,096                950,249               734,424

Research & Development
Costs                                    130,000                    -                  130,000                   -

Depreciation                               4,349                    276                 24,308                   553
                                 ----------------        ---------------       ----------------       ---------------
Total operating expenses                 642,160                341,372              1,104,557               734,977


(Loss) from operations                  (604,583)              (262,732)            (1,066,980)             (625,129)

Other expense:

Other income (expense)                       -                      -                      -                  (4,052)

Interest expense, net                     (9,842)               (10,183)               (20,902)              (20,953)
                                 ----------------        ---------------       ----------------       ---------------
Total other expense                       (9,842)               (10,183)               (69,150)              (25,005)

Net loss before provision
for income taxes                        (614,425)              (272,915)            (1,087,882)             (650,134)

Provision for income
taxes                                        -                      -                      -                     -
                                 ----------------        ---------------       ----------------       ---------------
Net loss                         $      (614,425)        $     (272,915)       $    (1,087,882)       $     (650,134)
                                 ================        ===============       ================       ===============
Loss Per Common Share
(Basic and Assuming
Dilution)                        $         (0.02)        $        (0.01)       $         (0.03)       $        (0.03)
                                 ================        ===============       ================       ===============

Weighted Average Shares
Outstanding (Basic and
Diluted)                              31,980,622             20,972,506             31,213,756            21,576,703
                                 ================        ===============       ================       ===============

</TABLE>
         See accompanying notes to the unaudited condensed consolidated
                              financial information

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

<TABLE>
<CAPTION>
                                                                      For The Six Months Ended September 30,
                                                                            2005                     2004
                                                                            ----                     ----
<S>                                                                   <C>                     <C>
Cash flows from operating activities:
Net loss                                                              $   (1,087,882)         $     (650,134)
Adjustments to reconcile net loss to net cash (used in)
operating activities:
Depreciation
                                                                              24,308                     553
Common stock issued in exchange for operating expenses
                                                                              49,086                   4,052
Common stock issued in exchange for director's compensation
                                                                              20,016                  12,500
Changes in assets and liabilities:
Accounts receivable
                                                                             (33,825)                (32,500)
Deposits and other assets
                                                                             (86,509)                  6,819
Cash disbursed in excess of available funds
                                                                                (163)                  2,029
Accounts payable and accrued expenses                                        424,780                 530,265
Deferred revenue
                                                                              18,000                       -
                                                                      ---------------         ---------------
Net cash (used in) operating activities
                                                                            (672,189)               (126,416)

Cash flows from investing activities:
Capital expenditures                                                         (39,071)                 (1,638)
                                                                      ---------------         ---------------
Net cash (used in) investing activities                                      (39,071)                      -

Cash flows from financing activities:
Proceeds from issuance of common stock                                       652,500                  98,500
Proceeds from notes payable, net of repayments                                (4,000)                 25,000
Proceeds from (repayments of) officer advances                                (5,800)                  4,554
                                                                      ---------------         ---------------
Net cash provided by financing activities                                    642,700                 128,054

Net increase (decrease) in cash and cash equivalents                         (68,560)                      -
Cash and cash equivalents at beginning of period                              72,617                      43
                                                                      ---------------         ---------------
Cash and cash equivalents at end of period                            $        4,057          $           43
                                                                      ===============         ===============

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest                                                $            -          $            -
Cash paid for income taxes
                                                                                   -                       -
Common stock issued in exchange for operating expenses                        49,086                       -
Common stock issued in exchange for accrued interest and                     124,241                 183,174
accrued liabilities
Common stock issued in exchange for services & compensation                        -                  12,500
Stock options issued in exchange for accrued salaries                      2,080,075                       -
Common stock issued in exchange for director's compensation                   20,016                  12,500
Common stock issued in exchange for notes payable                             48,321                  66,826
</TABLE>

         See accompanying notes to the unaudited condensed consolidated
                              financial information

                                       5
<PAGE>

                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 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 from  operations for the three and six-month  period ended September 30,
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 will  adopt  the  interim  disclosure
provisions for its financial reports for the subsequent periods.









                                       6

<PAGE>

                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE A - SUMMARY OF ACCOUNTING POLICIES (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>
                                                    2005               2004              2005                2004
                                                    ----               ----              ----                ----
<S>                                             <C>                <C>              <C>                 <C>
Net loss - as reported                          $ (614,425)        $ (272,915)      $ (1,087,882)       $  (650,134)
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                            $ (614,425)        $ (272,915)      $ (1,180,109)       $  (650,134)
                                                ===========        ===========      =============       ============
Net   loss   attributable   to   common         $ (614,425)        $ (272,915)      $ (1,180,109)       $  (650,134)
stockholders - Pro forma                        ===========        ===========      =============       ============

Basic (and assuming  dilution) loss per         $    (0.02)        $    (0.01)      $      (0.03)       $     (0.03)
share - as reported                             ===========        ===========      =============       ============

Basic (and assuming  dilution) loss per         $    (0.02)        $    (0.01)      $      (0.04)       $     (0.03)
share - Pro forma                               ===========        ===========      =============       ============
</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.

REVENUE RECOGNITION

For revenue from product  sales,  the Company  recognizes  revenue in accordance
with Staff Accounting  Bulletin No. 104, REVENUE RECOGNITION  ("SAB104"),  which
superceded Staff Accounting  Bulletin No. 101, REVENUE  RECOGNITION IN FINANCIAL
STATEMENTS  ("SAB101").  SAB 101 requires  that four basic  criteria must be met
before  revenue can be  recognized:  (1)  persuasive  evidence of an arrangement
exists;  (2)  delivery  has  occurred;  (3)  the  selling  price  is  fixed  and
determinable;  and (4)  collectibility is reasonably  assured.  Determination of
criteria (3) and (4) are based on  management's  judgments  regarding  the fixed
nature of the selling prices of the products delivered and the collectibility of
those  amounts.  Provisions  for discounts  and rebates to customers,  estimated
returns and  allowances,  and other  adjustments  are  provided  for in the same
period the related sales are recorded.  The Company defers any revenue for which
the product has not been  delivered or is subject to refund until such time that
the  Company  and the  customer  jointly  determine  that the  product  has been
delivered or no refund will be required.  The Company recorded deferred revenues
of  $218,000  and  $200,000  as of  September  30,  2005  and  March  31,  2005,
respectively.


                                       7
<PAGE>

                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)

CONCENTRATION OF CREDIT RISK

Financial  instruments and related items, which potentially  subject the Company
to concentrations of credit risk,consist primarily of cash, cash equivalents and
related  party  receivables.  The  Company  places its cash and  temporary  cash
investments with credit quality institutions.  At times, such investments may be
in excess of the FDIC  insurance  limit.  The Company  periodically  reviews its
trade  receivables  in  determining  its  allowance for doubtful  accounts.  The
Company has no allowance  for doubtful  accounts at September 30, 2005 and March
31, 2005.


NOTE B - NOTES PAYABLE

Notes payable at September 30, 2005 and March 31, 2005 are as follows:

<TABLE>
<CAPTION>
                                                                                 SEPTEMBER 30,      MARCH 31, 2005
                                                                                     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
                                                                                  ------------        -------------
     Total                                                                        $   371,391         $    423,712
     Less: current portion                                                           (371,391)            (423,712)
                                                                                  ------------        -------------
                                                                                  $         -         $          -
                                                                                  ============        =============
</TABLE>



                                       8
<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


(a) During the period ended September 30, 2005, the noteholder 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  noteholder  also received  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 September 30, 2005, the noteholder 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 noteholder also received  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 September  30, 2005 and March 31, 2005,  the Company
has issued and  outstanding  32,495,293 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.
Stock subscription payable at June 30, 2005 amounted $257,000.. 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 and  $20,016  was
charged to  operations  during the  quarter  ended June 30 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.




                                       9

<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)

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 September 30, 2005.

<TABLE>
<CAPTION>
                                OPTIONS OUTSTANDING                                     OPTIONS EXERCISABLE
                                -------------------                                     -------------------
                                            WEIGHTED AVERAGE         WEIGHTED                        WEIGHTED
                           NUMBER        REMAINING CONTRACTUAL        AVERAGE         NUMBER         AVERAGE
    EXERCISE PRICES     OUTSTANDING           LIFE (YEARS)        EXERCISE PRICE    EXERCISABLE   EXERCISE PRICE
    ---------------     -----------           ------------        --------------    -----------   --------------
<S>                     <C>                     <C>                 <C>             <C>              <C>
            $ 1.00       2,682,008               4.43               $ 1.00           2,682,008       $ 1.00
            $ 0.265      6,968,547              19.54                 0.265          6,968,547         0.25
            $ 0.25         418,640              19.76                 0.25             418,640         0.265
            $ 0.50         257,502              20.00                 0.50             257,502         0.50
                        ----------              -----               -------         ----------       -------
                        10,326,697              15.64               $ 0.46          10,326,697       $ 0.46
                        ==========              -----               -------         ----------       -------
</TABLE>


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

                                                NUMBER OF      WEIGHTED AVERAGE
                                                 SHARES         EXERCISE PRICE
   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                                 -                    -
                                               -----------            ---------
   Outstanding at September 30, 2005           10,326,697             $    .46
                                               ===========            =========

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 September 30, 2005, the
Company  granted an  aggregate  of  7,644,689  stock  options  to the  Executive
Officers in exchange for all accrued unpaid salaries as of September 30, 2005.






                                       10
<PAGE>
                              LINK PLUS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)

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 September 30, 2005.

<TABLE>
<CAPTION>
                               WARRANTS OUTSTANDING                                     WARRANTS EXERCISABLE

                                            WEIGHTED           WEIGHTED AVERAGE                          WEIGHTED
                           NUMBER           AVERAGE             EXERCISE PRICE       NUMBER               AVERAGE
    EXERCISE PRICES     OUTSTANDING         REMAINING          ----------------    EXERCISABLE           EXERCISE
    ---------------     -----------     CONTRACTUAL LIFE                           -----------             PRICE
                                             (YEARS)                                                       -----
                                             -------
<S>                       <C>                   <C>               <C>               <C>                    <C>
           $  1.00        1,354,202             1.67              $   1.00          1,354,202              $1.00
              0.50        7,526,363             3.32                  0.50          7,526,363               0.20
              0.25          656,250             3.67                  0.25            656,250               0.25
                          ---------             ----              --------          ---------              -----
                          9,536,815             3.11              $   0.55          9,536,815              $0.55
                          =========             ====              ========          =========              =====
</TABLE>

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

                                                   NUMBER OF        WEIGHTED
                                                     SHARES         AVERAGE
                                                                 EXERCISE PRICE
   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                                         2,928,257              0.50
   Exercised                                               -                 -
   Cancelled or Expired                              (30,000)             1.00
                                                   ----------         ---------
   Outstanding at September 30, 2005               9,536,815          $   0.55
                                                   ==========         =========

The Company granted an aggregate of 250,000  warrants to an employee in exchange
for services during the period ended  September 30, 2004.  These warrants became
vested 6 months and 12 months from the date of issuance.  The Company granted an
aggregate  of 336,400  compensatory  warrants to an  employee  during the period
ended  September  30,  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 $(1,180,109)
and $(0.04) for the period ended  September 30, 2005 and  $(650,134) and $(0.03)
for the  six-month  period ended  September  30, 2004.  The  estimated  value of
warrants  granted  and vested  during the period  ended  September  30, 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%.




                                       11
<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

THREE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

The Company's total revenues were $40,825 for the quarter ended September 30,
2005 compared to $83,578 for the same period ended September 30, 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. Differences in contract billing
milestones occurred during the quarter which accounts for the difference in
revenues. No development milestones were missed during the reporting period. 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 did not pay any
royalties 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. The Company is
working closely with the Government to ensure timely payment which should be
recognized beginning in the next reporting period.

YEAR ENDED SEPTEMBER 30, 2005 AND 2004

The Company's total revenues were $40,825 for the year ended September 30, 2005
compared to $118,718 for the same period ended September 30, 2004

COSTS AND EXPENSESTHREE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

The Company's cost of sales was $3,248 for the quarter compared to $4,938 for
the quarter ended September 30, 2004. The Company is currently in the
development phases of its current contracts.

Overall, the Company's selling, general and administrative expenses for the
quarter ended September 30, 2005 was $507,811 compared to $341,096 for the same
period ended September 30, 2004, an increase of $166,715. The following is a
breakdown of the changes in expenses:

     o    Increase in salaries and payroll taxes of $64,952
     o    Increase in health insurance costs of $5,314
     o    Increase in travel expense of $15,711
     o    Increased consulting costs of $51,491, and,
     o    Increased rent costs due to relocation to new office space of $10,372
     o    Increased licenses and patent costs $14,070
     o    And other office expenses $4,805.

Interest expense was $9,842 for the quarter ended September 30, 2005 compared to
$10,183 for the same period ended September 30, 2004, resulting in a decrease of
$341.


                                       12
<PAGE>


SIX MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

The Company's cost of sales was $3,248 for the six months ended September 30,
2005, compared to $8,870 for the six months ended September 30, 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 six months ended September 30, 2005
was $950,249 compared to $734,424 for the same period ended September 30, 2004,
an increase of $215,825. The following is a breakdown of the changes in
expenses:

     o    Increase in salaries and payroll taxes of $90,325
     o    Increase in health insurance costs of $16,122
     o    Increase in travel expense of $34,458
     o    Increase in professional fees of $18,786
     o    Increase in board of directors fees $20,016
     o    Increased licenses and patent costs $14,070
     o    And other office expenses $22, 048.

During this period the Company continued its debt reduction efforts. This
included conversion of significant salary debt to the executive staff to equity,
as well as conversion of other trade debt and outstanding loans to the company
to equity. As a result, the overall debt of the company has been significantly
reduced.

It should be noted that the remaining trade debt, while substantial, is
concentrated within a small number of vendors where the debt was accrued many
years ago. As the company has moved forward, agreements have been put in place
or are being pursued to bring these accounts current and to avoid a situation
where the vendor would take action that would inhibit the continued growth and
success of the company. In some cases, the vendors have already indicated a
willingness to convert portions or the entire debt to equity. As the company
achieves more successes these opportunities may become more real. The Company
continues to take proactive steps to reduce risks that are associated with the
remaining debt but here is no guarantee that these efforts will be successful or
that our current agreements will be honored in the long run by our vendors.

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 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.

Research and development costs were $130,000 for the six months ended September
30, 2005 compared with $0 for the quarter ended September 30, 2004. This change
was primarily due to the accelerated efforts now required to complete the
automatic meter reading products and the start of customer trials that are
anticipated during the next quarter. The Company is currently focused on return
on past investments in research and development through the sales of products.
As the Company moves into a cash flow positive financial position or secures
additional capital for research and development, these efforts will be
accelerated to take advantage of efforts which have been put on hold but have
near term potential to generate revenue.

Interest expense was $20,902 for the six months ended September 30, 2005
compared to $20,953 for the same period ended September 30, 2004, resulting in a
decrease of $51.

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


                                       13
<PAGE>

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 $1,087,882 for the six months ended September 30, 2005,
and has an accumulated deficit of $18,775,604 as of September 30, 2005. In
addition, the Company's current liabilities exceeded its current assets by
$2,482,148 as of September 30, 2005. As a result of our operating losses in the
six months ended September 30, 2005, we generated a cash flow deficit of
$672,189 from operating activities. Cash flows used in investing activities was
$39,071 during this period. We met our cash requirements during the six months
ended September 30, 2005 primarily through issuance of common stock in the
amount of $652,500.

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. The Company is anticipating the completion of some of its
core products in the next 6 months at which time it expects to begin production
of its products at which time this additional source of investment income will
become available.

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.

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

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


                                       14

<PAGE>

communicated to our management, including our principal executive and financial
officers, as appropriate to allow timely decisions regarding required
disclosure.

The registrant's Principal executive officers and principal financial officer,
based on their evaluation of the registrant's disclosure controls and procedures
(as defined in Rule 13a-15 (e) of the Securities Exchange Act of 1934) as of
September 30, 2005, have concluded that the registrant's disclosure controls and
procedures are adequate and effective to ensure that material information
relating to the registrant and its consolidated subsidiary is recorded,
processed, summarized and reported within the time periods specified by the
SEC's rules and forms, particularly during the period in which this annual
report has been prepared.

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.









                                       15

<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

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.  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.  The Company issued an aggregate
of 198,000  shares of common  stock to one  vendor in  exchange  for  $49,700 of
accrued expenses.  These transactions were exempt from registration  pursuant to
Section 4(2) of the Securities Act of 1933.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.


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

None.


ITEM 5. OTHER INFORMATION

As of December 1, 2004,  Jonathan P. Gluckman  assumed the position of President
and Chief Operating Officer.

As of December 1, 2004,  Donald C.  Kolasch,  assumed the  position of Corporate
Counsel.













                                       16

<PAGE>


ITEM 6. EXHIBITS

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


















                                       17


<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:  November 14, 2005
                                       By:  /s/ ROBERT L. JONES, JR.
                                          --------------------------------------
                                          Robert L. Jones, Jr., Chairman and CEO




Dated:  November 14, 2005              By: /s/ PATRICIA E. JONES
                                          --------------------------------------
                                          Patricia E. Jones, Secretary/Treasurer
                                          (Principal Financial Officer)





















                                       18