QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(D)

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

                                   FORM 10-QSB

[X]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                                  Act of 1934

                For the quarterly period ended September 30, 2007

                                       OR

|_| Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                                  Act of 1934

                        For the transition period from to
                         Commission File Number: 0-24081

                              QLINKS AMERICA, INC.
              ---------------------------------------------------
             (Exact name of registrant as specified in its charter)

                 Colorado                                       90-0138998
                 --------                                       ----------
       (State or other jurisdiction of                       (I.R.S. Employer
        incorporation or organization)                      Identification No.)

           112 N. Rubey Drive, Suite 180
                  Golden, Colorado                               80403
                  ----------------                               -----
      (Address of principal executive offices)                 (Zip Code)

                                 (303) 328-3290
                                 --------------
              (Registrant's telephone number, including area code)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 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 large accelerated
filer, an accelerated filer, or a non-accelerated filer. See definition of
"accelerated filer and large accelerated filer: in Rule 12b-2 of the Exchange
Act. (Check one):

Large accelerated filer |_|    Accelerated filer |_|   Non-accelerated filer |X|

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

As of November 10, 2007 there were 18,781,680 shares outstanding of Registrant's
Common Stock (no par value).

Transitional Small Business format  Yes |_|  No |X|



<PAGE>




                              QLINKS AMERICA, INC.
                         Quarterly Report on Form 10-QSB
                               September 30, 2007
                                Table of Contents

                         PART I - FINANCIAL INFORMATION


Item 1    Financial Statements
          Qlinks Balance Sheets as of September 30, 2007 (unaudited) and
             December 31, 2006
          Qlinks Statements of Operations for the Three and Nine Months
             Ended September 30, 2007 and 2006 (Unaudited)
          Qlinks Statements of Changes In Stockholders' Equity for the
             Nine Months Ended September 30, 2007 (Unaudited)
          Qlinks Statements of Cash Flows for the Nine Months Ended
             September 30, 2007 (unaudited) and 2006
          Notes to Unaudited Qlinks Financial Statements
Item 2    Management's Discussion and Analysis of Financial Condition and
             Results of Operations
Item 3    Quantitative and Qualitative Disclosures About Market Risk
Item 4    Controls and Procedures


                           PART II - OTHER INFORMATION

Item 1     Legal Proceedings
Item 1A    Risk Factors
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

Signature



                                       2
<PAGE>


<TABLE>
<CAPTION>

                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements


                                         QLinks America, Inc.
                                      (A Development Stage Company)
                                            Balance Sheets
                                              (unaudited)

                                                              September 30, 2007   December 31, 2006
                                                              ------------------   -----------------
<S>                                                            <C>                    <C>
ASSETS
Current Assets
         Cash                                                   $    17,051            $    89,115
         Accounts Receivable, net (Note 2)                             --                   40,975
         Prepaid Expenses                                             7,225                 46,006
                                                                -----------            -----------
   Total Current Assets                                              24,276                176,096
                                                                -----------            -----------

Fixed Assets
        Fixed Assets - Cost                                         344,672                375,600
        Accumulated Depreciation                                   (100,610)               (66,730)
                                                                -----------            -----------
Fixed Assets, Net                                                   244,062                308,870
                                                                -----------            -----------
Amortizable Intangible Assets (Note 4)
         Technology & Licenses                                      729,150                944,607
         Accumulated Amortization                                  (647,918)              (588,818)
                                                                -----------            -----------
   Amortizable Intangible Assets, net                                81,232                355,789
                                                                -----------            -----------

Other Assets
         Goodwill (Note 3)                                          678,504                678,504
         Deposits                                                     1,989                  1,988
                                                                -----------            -----------
   Total Other Assets                                               680,493                680,492
                                                                -----------            -----------
TOTAL ASSETS                                                    $ 1,030,063            $ 1,521,247
                                                                ===========            ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
   Liabilities
     Current Liabilities
         Accounts Payable                                       $    21,883            $   153,841
         Accrued Liabilities                                         23,921                 71,496
         Unpaid Compensation                                         94,500                107,000
         Accrued Interest                                            14,070                 14,805
         Notes Payable - Short Term (Note 7)                      1,454,517                941,477
         Current Portion - Long Term Debt (Note 7)                     --                   17,783
                                                                -----------            -----------
          Total Current Liabilities                               1,608,891              1,306,402
                                                                -----------            -----------

      Long Term Liabilities
         Long-Term Debt, net of current portio- (Note 7)               --                   89,500
                                                                -----------            -----------
      Total Long Term Liabilities                                      --                   89,500
                                                                -----------            -----------

Total Liabilities 1,608,891 1,395,902
Stockholders' Equity
Common Stock, no par value (100,000,000 shares authorized,
18,781,680 and 18,691,680 outstanding as of September 30,
2007 and December 31, 2006, respectively)
      Additional Paid in Capital                                  2,581,052              2,456,504
      Retained Earnings (Deficit)                                (3,159,880)            (2,331,159)
                                                                -----------            -----------
   Total Stockholders' Equity                                      (578,828)               125,345
                                                                -----------            -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                      $ 1,030,063            $ 1,521,247
                                                                ===========            ===========


             The accompanying notes are an integral part of these financial statements.

                                                    3
<PAGE>


                                                        QLinks America, Inc.
                                                   (A Development Stage Company)
                                                     Statements of Operation
                                                          (unaudited)


                                                                 Nine Months Ended                Three Months Ended
                                                           September 30,    September 30,    September 30,    September 30,
                                                               2007             2006             2007             2006
                                                           -------------    -------------    -------------    -------------

 Advertising Sales                                         $       --       $      2,938     $       --       $      2,938
                                                           ------------     ------------     ------------     ------------
 Total Revenue                                             $       --       $      2,938     $       --       $      2,938

 Cost of Revenue
    Equipment Leasing                                            22,404             --              6,135             --
    Merchant Services                                              --               --               --
    Supplies and Materials                                        3,706           26,009            3,446           26,009
                                                           ------------     ------------     ------------     ------------
 Total Cost of Revenue                                           26,110           26,009            9,581           26,009
                                                           ------------     ------------     ------------     ------------
 Gross Profit                                                   (26,110)         (23,071)          (9,581)         (23,071)

 Expenses
    Compensation, Benefits & Professional Fees                  620,218          468,760          138,538          331,612
    Depreciation & Amortization                                 164,127          154,026           51,050           54,191
    Research & Development                                        9,868           84,525            8,914           14,048
    Travel & Entertainment                                       22,735           40,305            2,571           28,912
    Office & Facility                                            20,787           26,860            5,400           14,929
    Advertising & Promotion                                      10,575           41,818             --             41,386
    Commissions & Fees                                             --              7,500             --               --
    Bad Debts                                                    (2,209)             735             --                735
                                                           ------------     ------------     ------------     ------------
 Total Expenses                                                 846,101          824,529          206,473          485,813

Loss from Continuing Operations                                (872,211)        (847,600)        (216,054)        (508,884)

 Other Expense
 Interest Expense                                               158,146           24,844           51,367           16,637
 Loss on Sale of Fixed Assets                                        50             --               --               --
 Taxes & Licenses                                                   710             --               --               --
 Income Tax Benefit (Note 8)                                       --               --               --               --
                                                           ------------     ------------     ------------     ------------
 Total Other Expenses                                           158,906           24,844           51,367           16,637

 Net Loss from continuing operations                         (1,031,117)        (872,444)        (267,421)        (525,521)

 Discontinued Operations
 Income from Discontinued Operations (note 13)                   26,514          102,279             --             32,661
 Realized Gain on Sale of Other Assets, net  (note 13)          175,882             --               --               --
                                                           ------------     ------------     ------------     ------------
 Net Income from Discontinued Operations                        202,396          102,279             --             32,661
                                                           ------------     ------------     ------------     ------------
 Net Loss                                                  $   (828,721)    $   (770,165)    $   (267,421)    $   (492,860)
                                                           ============     ============     ============     ============

 Weighted average common shares
    outstanding-basic                                        18,781,680       15,592,282       18,781,680       17,505,810
 Weighted average common shares
    outstanding-fully diluted                                18,781,680       15,592,282       18,781,680       17,505,810

Basic (Loss) per common share - Note 5                     $      (0.04)    $      (0.05)    $      (0.01)    $      (0.03)
Diluted (Loss) per common share - Note 5                   $      (0.04)    $      (0.05)    $      (0.01)    $      (0.03)


                                The accompanying notes are an integral part of these financial statements.

                                                                      4


<PAGE>


                                                      QLinks America, Inc.
                                                (A Development Stage Company)
                                                  Statement of Cash Flows
                                                        (unaudited)


                                                                             Nine-Months Ended
                                                                   September 30,            September 30,
                                                                        2007                    2006
                                                                    -----------              -----------

Cash flow from operating activities:
Net Loss                                                            $  (828,721)             $  (770,165)
  Net income from discontinued operations                              (202,396)                (102,280)
                                                                    -----------              -----------
Loss from continuing operations                                      (1,031,117)                (872,445)

Adjustments to reconcile net loss to net cash
   provided (used) by operations:
     Depreciation                                                        43,982                   12,336
     Non-cash interest expense (including note
       payable discount                                                  43,885                   42,769
     Non-cash stock compensation expense                                 79,548                     --
     Fixed asset write off                                                8,160                     --
     Bad debt expense                                                    (2,209)                     735
     Amortization of technology and licenses                            120,145                  141,690

Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable                           6,629                  (23,263)
     (Increase) decrease in prepaid expenses                             38,781                 (164,583)
     (Increase) decrease in other assets                                   --                      1,000
     Increase (decrease) in accounts payable                           (131,757)                 198,739
     Increase (decrease) in accrued liabilities                         (15,807)                 228,699
     Increase (decrease) in accrued compensation                        (12,500)                  23,000
Net effect of discontinued operations                                    58,548                     --
                                                                    -----------              -----------

Net cash provided (used) by operating activities                       (793,712)                (411,323)

Cash flow from investing activities:
     Purchase of fixed assets                                              --                   (369,325)
     Sale of fixed assets                                                 2,083                     --
     Cash paid for acquisition of Global Envirotech, Inc.                  --                    (30,000)
                                                                    -----------              -----------
Net cash provided (used) by investing activities                          2,083                 (399,325)

Cash flow from financing activities:
     Proceeds from issuance of notes payable                            530,266                  455,000
     Payments of notes payable                                         (123,125)                 (16,423)
     Conversion of accounts payable to notes payable
       (non-cash)                                                        64,750                     --
     Conversion of accrued compensation to stock
       (non-cash)                                                          --                     77,000
     Proceeds from sale of stock                                         45,000                  200,000
     Proceeds from exercise of stock warrants                              --                     75,000
     Proceeds from sale of Qlinks Media Group                           285,000                     --
                                                                    -----------              -----------
Net cash flow provided (used) by financing activities                   801,891                  790,577
                                                                    -----------              -----------

Net increase (decrease) in cash                                          10,262                  (20,071)

Cash, Beginning of Year/Period                                            6,789                   43,574
                                                                    -----------              -----------

Cash, End of Year/Period                                            $    17,051              $    23,503
                                                                    ===========              ===========


Cash paid for interest                                              $   108,173              $    18,920
Cash paid for income taxes                                                 --                       --

Supplemental non-cash disclosures:
     Conversion of accounts payable to notes payable                $    64,750              $      --
     Conversion of accrued compensation to stock                    $    77,000
     Conversion of notes payable to equity                                 --                     75,000


                   The accompanying notes are an integral part of these financial statements.

                                                      5
<PAGE>


                                                  QLINKS AMERICA, INC.
                                              (A Development Stage Company)
                                            Statement of Stockholders' Equity
                                                       (unaudited)


                                                         Common       Additional        Retained
                                          Number of       Stock        Paid-In          Earnings
                                         Common Shares (no par value)  Capital          (Deficit)            Total
                                         ----------------------------------------------------------------------------

Balance, December 31, 2006                18,691,680       $--       $ 2,456,504       $(2,331,159)       $   125,345
   Issuance of stock for cash                 90,000        --            45,000              --               45,000
   Stock compensation                           --                          --              79,548             79,548
   Net (loss)                                   --          --              --            (828,721)          (828,721)
                                          ---------------------------------------------------------------------------

Ending balance, September 30, 2007        18,781,680       $--       $ 2,581,052       $(3,159,880)       $  (578,828)
                                          ===========================================================================



                   The accompanying notes are an integral part of these financial statements.

                                                      6










<PAGE>



                              QLINKS AMERICA, INC.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS

(1)  Basis of Presentation

        Organization. Qlinks America, Inc. ("Company", "Qlinks") was organized
February 18, 2003 (Date of Inception) under the laws of the State of Colorado,
as Qlinks America, Inc. The Company has not commenced significant operations
and, in accordance with Statement of Financial Accounting Standards No. 7
Accounting and Reporting by Development Stage Enterprises ("SFAS No. 7"), the
Company is considered a development stage company.

        The predecessor to the current Company was Qlinks America, LLC,
originally formed in 2001 as a Colorado Limited Liability Company owned by the
past Chairman of Qlinks America, Inc., William R. Jones, and Office Technology
Systems ("OTS").

        In 2003, Mr. Jones contributed his interests in the software and the
hardware of Qlinks America, LLC and the Company also purchased OTS' ownership
interests in Qlinks America, LLC to form the basis for the present day Company.

        On September 6, 2007, Qlinks America, Inc. was informed of the death of
William R. Jones, who passed away on September 5, 2007. Mr. Jones founded Qlinks
America, Inc. in 2003 and served as an officer and director since its inception
and will be greatly missed. James O. Mulford, the surviving Director, appointed
Mr. Scott Jones on October 1, 2007 to serve out the current term of Mr. William
R. Jones as a Director of Qlinks America, Inc.

        Company Overview. Qlinks America, Inc. is a development stage company
that delivers a technology-based, loyalty and advertising solution within
existing Communities of Interest (COI) to increase revenues and profits for
consumer packaged goods (CPG) retailers, distributors, and manufacturers.

        The Company's suite of targeted advertising, electronic loyalty and
coupon products and solutions enables the (1) electronic distribution of
advertisements and promotions on both a mass and targeted basis, (2) delivery of
advertisements, coupons and promotions "in-market" near the point of purchase or
sale, as well as "in-home" via print and Internet, and (3) secure and accurate
backend processing, settlement and reporting for both electronic and paper-based
loyalty and coupon promotions. This solution set is replicable within several
COI (nationally and internationally), providing anticipated revenue and profit
growth for Qlinks America and its' business partners.

        During the 2nd half of 2007, the Company has been preparing for a market
launch in early 2008 with an initial focus on a card-based loyalty solution that
delivers significant cents off at the pump as consumers (members) shop local
participating merchants. Our key business partners for this launch include:

     o    Jenny's Market, a local neighborhood convenience store chain in the
          Denver market
     o    Revolution Money, a new credit card company that is delivering a
          competitive product to the market that significantly reduces card
          processing fees, and
     o    Denver Newspaper Agency, the publisher of the Denver Post and Rocky
          Mountain News.

        Our ability to launch our solution in early 2008 is dependent upon (a)
detailing the contractual relationships with our business partners, (b)
executing our business plan, and (c) obtaining additional funding for executing
our market launch and reducing Company debt. There is high risk in our ability
to successfully launch this loyalty-based program in 2008. While we have
non-binding letters and statements of intent from each partner, no formal
commitments are in place. In addition, our ability to execute our business plan
will require additional staff, development, and detailed execution steps in the
near-term. Also, we will require a minimum of $1,500,000 in additional
financing, none of which has been committed to the Company.

        Interim Financial Statements. The accompanying unaudited financial
statements of Qlinks have been prepared in accordance with accounting principles
generally accepted in the United States of America ("GAAP") and in conformity
with the instructions to Form 10-QSB and Article 10 of Regulation S-X and the
related rules and regulations of the Securities and Exchange Commission ("SEC").
Accordingly, certain information and note disclosures normally included in


                                       7


<PAGE>


financial statements prepared in accordance with GAAP have been condensed or
omitted pursuant to such rules and regulations. However, management believes
that the disclosures included in these financial statements are adequate to make
the information presented not misleading. The unaudited Qlinks financial
statements included in this document have been prepared on the same basis as the
annual financial statements, and in management's opinion, reflect all
adjustments, which include normal recurring adjustments, necessary for a fair
presentation in accordance with GAAP and SEC regulations for complete financial
statements. The results for the nine months ended September 30, 2007 are not
necessarily indicative of the results that the Company will have for any
subsequent quarter or full fiscal year. These unaudited condensed consolidated
financial statements should be read in conjunction with the audited consolidated
financial statements and the notes to those statements for the year ended
December 31, 2006 included in the Company's Annual Report on Form 10-KSB.

        Use of Estimates. The preparation of financial statements in conformity
with GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements, as well as the reported
amounts of revenue and expenses during the reporting period. Significant
estimates have been made by management with respect to allowance for doubtful
accounts, income tax valuation allowance, fair values of long-lived assets,
valuation of intangible assets and goodwill, and fair value of stock-based
compensation amounts. Actual results could significantly differ from these
estimates.

        Goodwill and Intangible Assets. We account for goodwill in accordance
with Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and
Other Intangible Assets." Our reporting units are tested annually, in accordance
with SFAS No. 142, as of July 1 to determine whether their carrying value
exceeds their fair value. Should this be the case, the value of the goodwill may
be impaired and written down. Goodwill is also tested for impairment on an
interim basis if an event occurs or circumstances change between annual tests
that would more likely than not reduce the fair value of the reporting unit
below its carrying amount. If we determine the fair value of the goodwill is
less than the carrying value, an impairment loss is recognized in an amount
equal to the difference. Impairment losses, if any, are reflected in operating
income or loss in the consolidated statements of operations.


Revenue recognition ( Revenue included in discontinued operations)

        Advertising sales from the Company's websites are generally purchased
with a pre-paid contract for a specified number of months. Revenue from pre-paid
advertising sales is recorded as a liability on the balance sheet at the time of
purchase/payment and revenues are subsequently recognized ratably over the life
of the advertising contract as the advertising is provided.

        Advertising sales from the Company's electronic advertising kiosks is
recognized at the end of each month for which advertising was provided.

        Ecommerce revenue is recognized at the point-of-sale as the payment is
collected immediately (via credit card) and there are no further obligations of
the Company.

        Consulting revenue is recognized upon the performance of services.

        Cost of revenue generally represents the merchant fees (credit card
processing) related to Ecommerce transactions and supplies and materials related
to our electronic advertising kiosks. Operating Expenses

        Advertising Costs. The Company expenses all costs of advertising as
incurred.

        Professional Fees. The Company expenses all costs of professional fees
as incurred.

        Research and Development. The Company expenses all costs of research and
development as incurred.


                                       8

<PAGE>


Other Items

        Fair value of financial instruments. Fair value estimates discussed
herein are based upon certain market assumptions and pertinent information
available to management as of September 30, 2007 and December 31, 2006. The
respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash,
accounts payable and notes payable. Fair values were assumed to approximate
carrying values for cash and payables because they are short term in nature and
their carrying amounts approximate fair values or they are payable on demand.

        Stock-based Compensation. Effective January 1, 2006, the Company adopted
SFAS No. 123(Revised), Share-Based Payment ("SFAS 123R"). This statement
replaced SFAS No. 123, Accounting for Stock-Based Compensation ("SFAS 123") and
superseded APB Opinion No. 25, Accounting for Stock Issued to Employees. Under
the modified prospective method of adoption, the Company is required to apply a
fair-value-based measurement method in accounting for share-based payment
transactions with employees and record compensation cost for all stock awards
granted after January 1, 2006 and awards modified, repurchased, or cancelled
after that date. In addition, the Company is required to record compensation
costs associated with the vesting of unvested options outstanding at January 1,
2006 using the guidance under SFAS 123. From January 1, 2006, stock option
grants and employee stock purchase plan purchases will be accounted for under
SFAS 123R. The Company uses the Black-Scholes model to estimate the fair value
of each option grant on the date of grant. This model requires the use of
estimates for expected term of the options and expected volatility of the price
of the Company's common stock.

         Fixed Assets. Fixed assets are stated at cost less accumulated
depreciation. It is the policy of the Company to capitalize items greater than
or equal to $1,000 and provide depreciation based on the estimated useful life
of individual assets, calculated using the straight line method. Estimated
useful lives range as follows:

                                                        Life (yrs)
                                                        ---------
         Office equipment                                  5
         Computer hardware                                 3
         Market equipment (kiosks and related)             3
         Furniture and fixtures                            5


        Recent Accounting Pronouncements - In February 2007, the Financial
Accounting Standards Board ("FASB") issued Statement of Financial Accounting
Standards ("SFAS") No. 159, "The Fair Value Option for Financial Assets and
Financial Liabilities - Including an Amendment of FASB Statement No. 115" ("SFAS
159"). SFAS 159 permits entities to choose to measure eligible items at fair
value at specific election dates (the "fair value option"). Unrealized gains and
losses on items for which the fair value option has been elected shall be
reported in earnings at each subsequent reporting period. This accounting
standard is effective for us beginning January 1, 2008. We are currently
assessing the impact of SFAS 159.

        In September 2006, the FASB issued SFAS No. 157, "Fair Value
Measurements" ("SFAS 157"). SFAS 157 defines fair value, establishes a framework
for measuring fair value under generally accepted accounting principles, and
expands disclosures about fair value measurements. SFAS 157 is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2007. We have not completed our evaluation of the impact of this
standard on our consolidated financial statements or our future estimates of
fair value.


(2) Accounts Receivable/Bad Debt

The Company's accounts receivable and related bad debt expense is as follows:


Accounts Receivable:                              September 30,     December 31,
                                                       2007             2006
                                                  -------------     ------------

   Trade accounts receivable                          $    0         $ 43,184
   Other receivables *                                     0           72,000

                                                      ------         --------
       Total Accounts Receivable                           0          115,184
   Allowance for uncollectible accounts                    0          (74,209)
                                                      ------         --------
       Accounts Receivable, net                       $    0         $ 40,975
                                                      ======         ========


                                       9
<PAGE>


The Company incurred no bad debt expense for the nine months ended September 30,
2007.

* - The Company paid a $72,000 deposit towards kiosk equipment for its market
pilot in July 2006. The supplier of the kiosks did not meet delivery deadlines
for the equipment and the purchase order was subsequently cancelled. The return
of the deposit was demanded but not been received as of December 31, 2006. In
the first quarter of 2007, the Company was notified that the supplier had ceased
operations, declared bankruptcy and had transferred the purchase order to a
French company. As a result, the receivable and related allowance were written
off in September 2007.


(3) Goodwill

        Changes in the carrying amounts of goodwill for the nine months ended
September 30, 2007 are as follows:

                                                                     Total
                                                                   Goodwill
                                                                 -----------
Balance as of December 31, 2006                                  $   678,504
    Additions/Changes                                                    -0-
                                                                 -----------
Balance as of September 30, 2007                                 $   678,504
                                                                 ===========

        The Company has not yet performed a goodwill impairment test as the
transactions giving rise to goodwill were recorded in June 2006 and it was
determined that goodwill was not impaired at September 30, 2007. Goodwill will
be assessed for impairment at each reporting period end if certain events
occurred indicating that an impairment may have occurred. No events have
occurred that management believes may have impaired goodwill.


(4) Intangible Assets

        Identifiable intangibles are amortized over an estimated finite life of
five years are stated at cost less accumulated amortization. The following table
summarizes identifiable intangible assets:

                                                     September 30, 2007                           December 31, 2006
                                                     ------------------                           -----------------
                                                                         Net                                              Net
                                        Gross         Accumulated      Carrying        Gross        Accumulated        Carrying
Identifiable intangible assets          Amount        Amortization      Amount         Amount       Amortization        Amount
-------------------------------------------------------------------------------------------------------------------------------

Technology & Licenses                  $729,150        $647,918        $ 81,232        $944,607        $588,818        $355,789
                                       --------        --------        --------        --------        --------        --------
   Total                               $729,150        $647,918        $ 81,232        $944,607        $588,818        $355,789
                                       ========        ========        ========        ========        ========        ========

        Amortization expense of identifiable intangible assets was $120,145 and
$141,690 for the nine months ended September 30, 2007 and 2006, respectively.
The $215,457 decrease in gross amount of Technology and Licenses from December
31, 2006 to September 30, 2007 is due to the May 2007 sale of the Company's
Qlinks Media Group.

        Expected future amortization expense related to identifiable intangible
assets based on carrying amounts as of September 30, 2007 is as follows (in
thousands):

Period ending December 31,
--------------------------------------------------------------------------------

2007                                                                     $36,457
2008                                                                      44,775
                                                                         -------
                                                                         $81,232
                                                                         =======

                                       10

<PAGE>


(5) Earnings Per Common Share

        The Company utilizes SFAS No. 128, "Earnings per Share" to calculate
gain/loss per share. Basic gain/loss per share is computed by dividing the
gain/loss available to common stockholders (as the numerator) by the
weighted-average number of common shares outstanding (as the denominator).
Diluted gain/loss per share is computed similar to basic gain/loss per share
except that the denominator is increased to include the number of additional
common shares that would have been outstanding if all potential common stock
(including common stock equivalents) had all been issued, and if such additional
common shares were dilutive. Where there is a loss, the inclusion of additional
common shares is anti-dilutive (since the increased number of shares reduces the
per share loss available to common stock holders). For all periods, the Company
has experienced a net loss, and thus the following common stock equivalents have
been excluded from the calculation of diluted loss per share:


                                                                     9/30/07          09/30/06
                                                                    ---------        ---------

Notes payable - convertible to common stock                           566,667        2,087,500
Options - Key Personnel Stock Option Plan                             275,000             --
Options - issued to consultants                                       250,000          250,000
Warrants - issued in connection with convertible notes              2,933,333        1,750,000
Warrants - issued in connection with $1.5 million Private
   Offering Memorandum dated September 20, 2006                       490,000          400,000
                                                                    ---------        ---------
       Total common stock equivalents                               4,515,000        4,487,500
                                                                    =========        =========


(6) Share-Based Compensation

        We adopted SFAS 123R effective January 1, 2006 using the modified
prospective method. We did not have a previous method of accounting for the
recognition of stock-based compensation arrangements as we did not have a stock
option plan until January 2007 and, accordingly, did not recognize any stock
compensation expense in previous periods.

        Our statements of operations from January 1, 2007 forward include
charges for stock-based compensation. We recognized $79,548, or $0.004 per
share, of compensation expense in the statement of operations for the nine
months ended September 30, 2007 and $0, or $0.00 per share, of compensation
expense in the statement of operations for the nine months ended September 30,
2006 with respect to our stock-based compensation plans. The following table
summarizes stock-based compensation expenses recorded in the statements of
operations:

                                                Nine                 Nine
                                            Months Ended        Months Ended
                                            September 30,       September 30,
                                                2007                2006
                                        -------------------   -----------------

Compensation and benefits               $            79,548   $               0
                                        -------------------    ----------------
                                        $            79,548   $               0
                                        ===================   =================

         Stock Option Plan

         In January 2007 our stockholders approved the "Key Personnel Stock
Option Plan" (the "Plan"). Initially, 2,000,000 shares were reserved for
issuance under the Plan. Options issued under the Option Plan are at the
discretion of the Board of Directors, including the vesting provisions of each
stock option granted. Options are granted with an exercise price equal to the
market price of our common stock on the date of grant and generally vest over
four years.

         The fair value of each option grant is estimated on the date of grant
using the Black-Scholes model. The Black-Scholes model uses four assumptions to
calculate the fair value of each option grant. The expected term of share
options granted is derived using the simplified method prescribed by the SEC
Staff Accounting Bulletin 107, "Share-Based Payment." The risk-free interest
rate is based upon the rate currently available on zero-coupon U.S. Treasury
instruments with a remaining term equal to the expected term of the stock
options. The expected volatility is based upon historical volatility of our
common stock over a period equal to the expected term of the stock options. The
expected dividend yield is zero and is based upon historical and anticipated
payment of dividends. The weighted-average assumptions used in the fair value
calculations are as follows:



                                       11
<PAGE>



                                                    Nine Months Ended
                                                      September 30,
                                                   2007          2006
                                                --------------------------

Expected term (years)                                5                  *
Risk-free interest rate                            3.91%                *
Expected volatility                               89.45%                *
Expected dividend yield                             0%                  *

--------------------
 * None granted.

The following is a summary of stock option activity under the Plan for the nine
months ended September 30, 2007:

                                                                                 Weighted-
                                                                                  Average
                                                                   Weighted-     Remaining
                                                                   Average      Contractual
                                                      Number of    Exercise        Term
                                                       Shares        Price        (Years)
                                                     ------------  -----------  ------------
Options outstanding at December 31, 2006*                      0   $     0.00
   Options granted                                       775,000   $     0.50
   Less options forfeited                              (500,000)   $     0.50
   Less options expired                                        0   $     0.00
   Less options exercised                                      0   $     0.00
                                                     ------------  -----------  ------------
Options outstanding at September 30, 2007                275,000   $     0.50          5.69
                                                     ============  ===========  ============
Options exercisable at September 30, 2007                162,500   $     0.50          5.69
                                                     ============  ===========  ============


*Beginning balance does not include 250,000 fully exercisable options granted in
2003 to a consultant as these options were issued prior to the "Key Personnel
Stock Option Plan". The consultant became a full-time employee and officer of
Qlinks on July 1, 2006.

        Pursuant to the terms of the Plan we granted options to purchase shares
of the common voting stock of the corporation to six individuals on January 8,
2007. The options provide for the purchase of 775,000 shares of common voting
stock at an exercise price of $0.50 per share. The options are exercisable in
increments as they vest to each optionee. The options are exercisable for a
period of five years from the date of the vesting of each increment.

        As of September 30, 2007, there was approximately $98,037 of total
unrecognized compensation costs related to unvested stock options. These costs
are expected to be recognized over a weighted average period of 2.25 years.

        The deferred income tax benefits from stock options expense totaled
approximately $31,000 and $0 for the nine months ended September 30, 2007 and
September 30, 2006, respectively.

        Cash received from stock option exercises for the nine months ended
September 30, 2007 and 2006 was $0 and $0, respectively.


(7) Debt

        The Company's debt consists of the following:

Short-Term Debt:
                                                        9/30/07       12/31/06
                                                      ----------     ----------

Short-Term Notes Payable                              $1,025,517     $  644,102

Short-Term Notes Payable-Related Parties                 429,000        297,375
                                                      ----------     ----------
  Total Short-Term Notes Payable                      $1,454,517     $  941,477
                                                      ==========     ==========


                                       12

<PAGE>


Long-term debt:
                                                        9/30/07        12/31/06
                                                      ----------     ----------

Notes Payable                                         $        0     $  107,283
   Less: Current Portion                                       0        (17,783)
                                                      ----------     ----------

Long-term debt, excluding current portion             $        0     $   89,500
                                                      ==========     ==========


        Interest. Notes payable accrue interest at interest rates ranging from
6% to 14% per annum.

        Conversion. $1,079,000 of short-term notes payable (at September 30,
2007) are convertible to shares of the Company's common stock, with exercise
prices ranging from $0.30 to $0.40 per share.

        The conversion options for notes payable expire from October 2007
through December 2007, depending on the terms of the note.

        Related Parties. See Note (10) for details of notes payable held by
related parties.

The scheduled principal payments on the Company's notes payable are as follows:


Year ending December 31,                                   Amount
------------------------                                   ------

2007                                                  $       1,454,517
                                                      -----------------
  Total                                               $       1,454,517
                                                      =================


(8) Income Taxes

        As of September 30, 2007 and December 31, 2006, the Company continued to
maintain a full valuation allowance on its net deferred tax asset as it
determined it is more likely than not that the Company will not realize its
deferred tax assets. Such assets primarily consist of certain net operating loss
carryforwards. The Company assessed the realizability of its deferred tax assets
using all available evidence. In particular, the Company considered both its
historical results and its projections of profitability for the reasonably
foreseeable future periods. The Company is required to reassess its conclusions
regarding the realization of its deferred tax assets at each financial reporting
date. A future evaluation could result in a conclusion that all or a portion of
the valuation allowance is no longer necessary which could have a material
impact in the Company's results of operations and financial position.

        The Company has estimated net operating loss carryforwards aggregating
$3,013,000 generated from February 18, 2003 (inception) through September 30,
2007, which expire through 2027. The deferred tax asset of approximately
$1,175,000 related to this carryforward has been fully reserved.

The provision for income taxes consisted of the following:

Nine-months Ended September 30,                         2007            2006
-------------------------------------------------------------------------------

Current:

    Federal (benefit) expense                       $         -      $        -
    State (benefit) expense                                   -               -
                                                    -----------      ----------
                                                              -               -
Deferred:

    Federal (benefit) expense                       $         -       $       -
    State (benefit) expense                                   -               -
                                                    -----------       ----------

            Total Deferred                                    -               -
                                                    -----------       ----------
    Total
                                                    $         -      $        -
                                                    ===========      ==========


                                       13

<PAGE>


Classification:

    Taxes on income from continuing operations      $         -      $        -
    Taxes on income from discontinued operations              -               -
                                                    ===========      ==========
    Total
                                                    $         -      $        -
                                                    ===========      ==========


Nine-Months Ended September 30,                            2007           2006
-------------------------------------------------------------------------------

U.S. federal statutory rates                               34.0%          34.0%
State income tax, net                                       5.0%           5.0%
Alternative minimum tax                                       -              -
Change in valuation allowance                                 -              -
                                                          --------------------
Effective tax rate                                         39.0%          39.0%
                                                          ====================


        Temporary differences that give rise to a significant portion of the net
deferred tax asset are as follows:

                                                       9/30/07         12/31/06
-------------------------------------------------------------------------------

Deferred tax assets:
    Net operating loss carry forwards                 1,175,000         603,000
    Allowance for doubtful accounts                        --              --
    Accrued compensation                                 37,000          32,000
    Gain on sale of discontinued operations              21,000            --
    Gain on sale of assets                                1,000            --
    Depreciation                                          3,000          12,000
    Amortization of intangibles                         (12,000)         63,000
                                                     -----------     -----------
Total deferred tax asset                              1,225,000         710,000
                                                    -----------     -----------

Deferred tax liabilities:
    Valuation allowance                              (1,225,000)       (710,000)
                                                    -----------     -----------
Net deferred tax asset                              $      --       $      --
                                                    ===========     ===========


(9) Segment Information

        In accordance with SFAS No. 131, "Disclosures about Segments of an
Enterprise and Related Information," the Company defines operating segments as
components of an enterprise for which separate financial information is reviewed
regularly by the chief operating decision-making group, to evaluate performance
and to make operating decisions. The Company has identified its Chairman,
President/Chief Executive Officer as its chief operating decision-makers. This
chief operating decision maker reviews revenues by segment and review overall
results of operations.

        The Company has historically operated its business as two operating
segments based on business divisions: Qlinks Retail Group (QRG) and Qlinks Media
Group (QMG). Qlinks Media Group (QMG) was classified as Discontinued Operations
as of March 31, 2007 and was sold in May 2007. Selected segment information is
as follows:

                                                 Nine-Months Ended September 30,        Nine-Months Ended September 30,
                                                 -------------------------------        -------------------------------
                                                             2007                                    2006
                                                             ----                                    ----

                                                      QRG                QMG                 QRG               QMG
                                                 -------------------------------        -------------------------------

Revenue                                          $         0         $         0        $     2,938         $         0
     Cost of Revenue                                  26,110                   0             26,009                   0
                                                 -------------------------------        -------------------------------
Gross Profit                                         (26,110)                  0            (23,071)                  0
     Operating Expenses                              846,991                   0            824,529                   0
     Other Expense                                   158,906                   0             24,844                   0
                                                 -------------------------------        -------------------------------
Net Income (Loss) from Continuing                 (1,032,007)                  0           (872,444)                  0
Operations
Discontinued Operations:
      Income from Discontinued Ops.                        0              27,405                  0             102,280
      Gain on Sale of Other Assets, net                    0             175,882                  0                   0
                                                 -------------------------------        -------------------------------
Net Income (Loss)                                $(1,032,007)        $   203,287        $  (872,444)        $   102,280
                                                 ===============================        ===============================

Total Assets                                     $ 1,030,063         $         0        $ 1,360,750         $   352,196


                                       14
<PAGE>


(10) Related party transactions

Amounts due to the Company's former Chairman of the Board of Directors (and
related parties) and Chief Executive Officer (and related parties) are as
follows:

                                                                           September 30,         December 31,
                                                                               2007                   2006
                                                                            --------------------------------
William R. Jones (and related parties) - former Chairman
of the Board of Directors (deceased September 2007)
   Deferred Compensation                                                     $ 20,000               $ 20,000
   Notes Payable                                                              294,000                272,375
                                                                             -------------------------------
     Total                                                                   $314,000               $292,375
                                                                             ===============================
James O. Mulford (and related parties) - President and
Chief Executive Officer
   Deferred Compensation                                                     $ 26,250               $ 26,250

   Notes Payable*                                                             135,000                125,000
                                                                             -------------------------------
     Total                                                                   $161,250               $151,250
                                                                             ===============================

Consulting Fees Earned by Related Parties
                                                                     Nine-months ended    Nine-months ended
                                                                     September 30, 2007   September 30, 2006
                                                                     ---------------------------------------

James O. Mulford - President and Chief Executive Officer                      $       0        $      60,000


     *includes notes payable to the Shine Foundation, a charitable giving trust
     of James O. Mulford. Mr. Mulford is the President of the Shine Foundation,
     but has no beneficial interest in the trust.


(11) Commitments and Contingencies

        Equipment leases. The Company leases equipment (computer server, kiosks
and point of sale equipment) under non-cancelable operating leases. Lease terms
range from 24-36 months and expire in fiscal 2008 and 2009. Future minimum
commitments under non-cancelable operating leases as of September 30, 2007, are
as follows:

                 Year ending December 31, 2007                 $ 6,219
                 Year ending December 31, 2008                  23,476
                 Year ending December 31, 2009                  13,528
                                                               --------

                      Total                                     $43,223
                                                               ========

        Accrued compensation. The Company has entered into accrued compensation
agreements with certain of its officers and senior management. These agreements
specify that the compensation will be paid when cash flow is sufficient. These
agreements also specify that the accrued compensation may also be settled with
shares of the Company's common stock.


                                       15
<PAGE>


(12)    Going Concern

        The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern which contemplates the
recoverability of assets and the satisfaction of liabilities in the normal
course of business. As noted above, the Company is in the development stage and,
accordingly, has not yet generated significant revenues from operations. Since
its inception, the Company has been engaged substantially in financing
activities and developing its technology, and incurring substantial costs and
expenses. As a result, the Company incurred accumulated net losses from February
18, 2003 (inception) through the period ended September 30, 2007 of $3,159,880.
In addition, the Company's development activities since inception have been
financially sustained through equity financing and the issuance of debt.

        The ability of the Company to continue as a going concern is dependent
upon its ability to raise additional capital from the sale of common stock and,
ultimately, the achievement of significant operating revenues. The accompanying
financial statements do not include any adjustments that might be required
should the Company be unable to recover the value of its assets or satisfy its
liabilities.

        As stated in the Company Overview section, the ability of the Company to
launch its solution in early 2008 is dependent upon (a) detailing the
contractual relationships with its business partners, (b) executing its business
plan, and (c) obtaining additional funding for executing its market launch and
reducing Company debt. There is high risk in the Company's ability to
successfully launch this loyalty-based program in 2008. While the Company has
non-binding letters and statements of intent from each partner, no formal
commitments are in place. In addition, the Company's ability to execute its
business plan will require additional staff, development, and detailed execution
steps in the near-term. In addition, the Company will require a minimum of
$1,500,000 in additional financing, none of which has been committed to the
Company.


(13)    Assets Held for Sale and Discontinued Operations

        During the quarter ended June 30, 2007, the Company completed its sale
of certain assets or businesses, which were classified as Assets Held for Sale
on the Balance Sheets as of March 31, 2007 in accordance with SFAS No. 144,
"Accounting for the Impairment of Disposal of Long-Lived Assets."

        In order to finance its continuing operations and execute its business
plan, the Company sold its Qlinks Media Group division. In connection with a
sales plan, a gain of $177,724 was recorded during the three months ended March
31, 2007, which represents the excess of the estimated fair value over the
carrying value of the net assets to be purchased, less estimated costs to sell,
and was included in Gains on Sales of Other Assets, net in the Statement of
Operations.

        Management completed the sale of Qlinks Media Group in May 2007. Due to
differences in carrying values of assets between March 31, 2007 and the sale
date, a decrease to the gain was recorded of $1,842, resulting in an Realized
Gain on Sale of Other Assets of $175,882.

        The operations of Qlinks Media Group division are separately reported as
the "QMG" segment. See Note 9 - Segment information.



Summarized Statement of Operations Information for Discontinued Operations.
------------------------------------------------------------------------------------------------------------
                                                                                       Unrealized Gain on
                                                       Operating Income                    Disposition
------------------------------------------------------------------------------------------------------------
                                             Operating     Pre-Tax Operating Income  Pre-Tax Unrealized Gain
                                             Revenues                                    on Disposition
------------------------------------------------------------------------------------------------------------

  Nine-months ended September 30, 2007       $198,357              $26,514                  $175,882
------------------------------------------------------------------------------------------------------------
  Nine-months ended September 30, 2006       $487,219              $102,280                    -0-
------------------------------------------------------------------------------------------------------------
</TABLE>


                                       16
<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations

                  Special Note About Forward-Looking Statements

        This Quarterly Report on Form 10-QSB contains forward-looking statements
that have been made pursuant to the provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates, and projections about Qlinks America's
industry, management's beliefs, and certain assumptions made by management.
Forward-looking statements include our expectations regarding product, services,
and maintenance revenue, annual savings associated with the organizational
changes effected in prior years, and short- and long-term cash needs. In some
cases, words such as "anticipates", "expects", "intends", "plans", "believes",
"estimates", variations of these words, and similar expressions are intended to
identify forward-looking statements. The statements are not guarantees of future
performance and are subject to certain risks, uncertainties, and assumptions
that are difficult to predict; therefore, actual results may differ materially
from those expressed or forecasted in any forward-looking statements. Risks and
uncertainties of our business include those set forth in the Company's Annual
Report on Form 10-KSB for the year ended December 31, 2006 under "Item 1A. Risk
Factors" as well as additional risks described in this Form 10-QSB. Unless
required by law, we undertake no obligation to update publicly any
forward-looking statements, whether as a result of new information, future
events, or otherwise. However, readers should carefully review the risk factors
set forth in other reports or documents the Company files from time to time with
the Securities and Exchange Commission, particularly the Quarterly Reports on
Form 10-QSB and any Current Reports on Form 8-K.


OVERVIEW

Introduction

        Qlinks America, Inc. ("we", "our", "us") is a development-stage company
that plans to deliver technology-based, loyalty and advertising solutions within
existing Communities of Interest ("COI") to increase revenues and profits for
consumer packaged goods (CPG) retailers, distributors, and manufacturers.

        Over the next three years, we intend to deliver a comprehensive suite of
targeted advertising, electronic loyalty and coupon products and solutions that
enable the (1) electronic distribution of advertisements and promotions on both
a mass and targeted basis, (2) delivery of advertisements, coupons and
promotions "in-market" near the point of purchase or sale, as well as "in-home"
via print and Internet, and (3) secure and accurate backend processing,
settlement and reporting for both electronic and paper-based loyalty and coupon
promotions.

        Our 4th Quarter 2006 pilot, ongoing development and testing, and other
market validation activities have been intended to position us to deliver a
multi-channel, targeted advertising solution for local shopping neighborhoods
(LSN) and to replicate this LSN model nationally.

        Our LSN business strategy is intended to achieve the following
objectives:

          o    Initiate and substantially increase our revenues and profits for
               2008 and beyond;
          o    Deliver a multi-channel advertising solution to local retailers
               that is cost-effective and provides a higher ROI than current
               alternatives;
          o    Establish a strong coalition loyalty program among local buyers
               and sellers of products and services, including significant cents
               off at the pump for members as they shop and purchase products
               and services from participating retailers;
          o    Position the Company for expanded targeted advertising solutions
               in 2008 and beyond.

        During the 2nd Half of 2007, the Company has been preparing for a market
launch in early 2008 with an initial focus on a card-based loyalty solution that
delivers significant cents off at the pump as consumers (members) shop local
participating merchants.


                                       17
<PAGE>


        Our key business partners for this launch include

          o    Jenny's Market, a local neighborhood convenience store chain in
               the Denver market
          o    Revolution Money, a new credit card company that is delivering a
               competitive product to the market that significantly reduces card
               processing fees, and
          o    Denver Newspaper Agency, the publisher of the Denver Post and
               Rocky Mountain News.

        Our ability to launch our solution in early 2008 is dependent upon (a)
detailing the contractual relationships with our business partners, (b)
executing our business plan, and (c) obtaining additional funding for executing
our market launch and reducing Company debt. There is high risk in our ability
to successfully launch this loyalty-based program in 2008. While we have
non-binding letters and statements of intent from each partner, no formal
commitments are in place. In addition, our ability to execute our business plan
will require additional staff, development, and detailed execution steps in the
near-term. Also, we will require a minimum of $1,500,000 in additional
financing, none of which has been committed to the Company.

        Our Qlinks Media Group division (classified as Discontinued Operations
in our financial statements due to its sale on May 18, 2007) operated a network
of online communities providing a variety of e-commerce products and services
for IT professionals. These online communities currently include the
GeoCommunity(TM) and the Wireless Developer Network(TM). These two convergent
online communities provide technical professionals with a valuable online source
for geographic data, industry news, software, discussion forums, job postings,
product research and other tools.

          o    The GeoCommunity(TM) supports technical professionals in
               GIS/GPS/LBS developing location-based solutions for government
               and industry including financial services, wireless technologies,
               telecommunications, demographic analysis, market research,
               facilities management and mapping.

          o    The Wireless Developer Network(TM) is an online community for
               software developers and information technology professionals
               interested in mobile computing and wireless communications.

        We are a development stage company and as such we have not yet generated
significant income from our operations. We have incurred significant losses to
date that are a result of investment in our technology and solution set,
completion of a 4th quarter 2006 market pilot, and on-going market research.

        We have been operating our business as two operating segments: Qlinks
Retail Group (technology-based, advertising and loyalty solutions) and Qlinks
Media Group (operation of two websites, discontinued operations). Further
information regarding our operating segments is contained in our financial
statements included in Item 1 of this quarterly report.

Company Background

        Organization. Qlinks America, Inc. ("Company", "Qlinks") was organized
February 18, 2003 (Date of Inception) under the laws of the State of Colorado,
as Qlinks America, Inc. The Company has not commenced significant operations
and, in accordance with Statement of Financial Accounting Standards No. 7
Accounting and Reporting by Development Stage Enterprises ("SFAS No. 7"), the
Company is considered a development stage company.

        The predecessor to organization to the current Company was Qlinks
America, LLC, originally formed in 2001 as a Colorado Limited Liability Company
owned by the past Chairman of Qlinks America, Inc., William R. Jones, and Office
Technology Systems ("OTS").

        In 2003, Mr. Jones contributed his interests in the software and the
hardware of Qlinks America, LLC and the Company also purchased OTS' ownership
interests in Qlinks America, LLC to form the basis for the present day Company.

        Qlinks Media Group - Discontinued Operations. In order to finance its
continuing operations and execute its business plan, the Company sold the assets
and operations of its Qlinks Media Group division in May 2007 (as discussed in
Note 13 of Notes to the Unaudited Financial Statements).

        Global Envirotech, Inc. Merger/Acquisition. In June 2006, the Company
acquired all of the issued and outstanding shares of Global Envirotech, Inc.
("Global") through a stock purchase and a stock exchange transaction ("The
Agreement and Plan of Merger"). Global was merged into Qlinks by a statutory
merger and the former shareholders of Global became shareholders of Qlinks.


                                       18
<PAGE>


        The shareholders of Global became minority shareholders of Qlinks.
Qlinks continued to conduct its business and operations as the surviving
company. 2,160,680 Global shares were exchanged for 2,160,680 shares of Qlinks
common stock as a result of the Agreement and Plan of Merger, such shares are
included in the outstanding shares reported in this Form 10-QSB.


RESULTS OF OPERATIONS (Nine-months ended September 30th)

        We have not presented a table that presents the Company's unaudited
statements of operations reflected as a percentage of total revenue as we did
not have any revenue from continuing operations in the nine months ended
September 30, 2007 and 2006, respectively.

Revenue

        Total revenues from continuing operations were $0 and $2,938 for the
nine-months ended September 30, 2007 and 2006, respectively. All revenues from
our Qlinks Media Group segment during these periods are reflected in
discontinued operations.

Cost of Revenue

        Total cost of goods sold were $26,110 and $26,009 for the nine months
ended September 30, 2007 and 2006, respectively. Cost of good sold consist of
supplies and materials related to our electronic advertising kiosks and leasing
costs for kiosks. All revenues from our Qlinks Media Group segment during these
periods are reflected in discontinued operations.

Operating Expenses

        Operating expenses for continuing operations were $846,101 and $824,529
for the nine-months ended September 30, 2007 and 2006, respectively. The primary
components of operating expenses were compensation and benefits and professional
fees, $620,218, and depreciation and amortization, $164,127 for the nine-months
ended September 30, 2007. Increases in compensation and benefits and
professional fees are the result of hiring additional employees in July of 2006.

Interest Expense

        Interest expense was $158,146 and $24,844 for the nine months ended
September 30, 2007 and 2006, respectively. The increase of $133,302 relates to
an increase in debt incurred used to fund operating, research & development and
market pilot costs.

Summary

        The Company had a net loss on continuing operations for the nine months
ended September 30, 2007 of ($1,031,117) compared to a net loss of ($872,444)
for the same period in 2006. The net loss per share was ($.04) in the nine
months ended September 30, 2007 compared to ($.05) in the nine months ended
September 30, 2006. These losses are the result of our ongoing development and
testing, and other market validation activities as we prepare to introduce our
solution to the market.


                                       19
<PAGE>


RESULTS OF OPERATIONS (Three-months ended September 30th)

        We have not presented a table that presents the Company's unaudited
statements of operations reflected as a percentage of total revenue as we did
not have any revenue from continuing operations in the three months ended
September 30, 2007 and 2006, respectively.


Revenue

        Total revenues from continuing operations were $2,938 and $0 for the
three-months ended September 30, 2007 and 2006, respectively. All revenues
during these periods are reflected in discontinued operations. All revenues from
our Qlinks Media Group segment for the three months ended September 30, 2006 are
reflected in discontinued operations.


Cost of Goods Sold

        Total cost of goods sold were $9,581 and $26,009 for the three-months
ended September 30, 2007 and 2006, respectively. Cost of good sold consist of
supplies and materials related to our electronic advertising kiosks and leasing
costs for kiosks. All cost of goods sold from our Qlinks Media Group segment for
the three months ended September 30, 2006 are reflected in discontinued
operations


Operating Expenses

        Operating expenses for continuing operations were $206,473 and $485,813
for the three-months ended September 30, 2007 and 2006, respectively. The
primary components of operating expenses were compensation and benefits and
professional fees, $138,538, and depreciation and amortization, $51,050 for the
three-months ended September 30, 2007. Decreases in compensation and benefits
and professional fees are the result of hiring additional employees in July of
2006 (increased 2006 amounts) and the departure/layoff of several employees and
officers in 2007 (decreased 3rd quarter 2007 amounts).

Interest Expense

        Interest expense was $51,367 and $16,637 for the three months ended
September 30, 2007 and 2006, respectively. The increase of $34,730 relates to an
increase in debt incurred used to fund operating, research & development and
market pilot costs.


Summary

        The Company had a net loss on continuing operations for the three months
ended September 30, 2007 of ($267,421) compared to a net loss of ($525,521) for
the same period in 2006. The net loss per share was ($.01) in the three months
ended September 30, 2007 compared to ($.03) in the three months ended September
30, 2006. . These losses are the result of our ongoing development and testing,
and other market validation activities as we prepare to introduce our solution
to the market.


CONTRACTUAL OBLIGATIONS AND COMMERICAL COMMITMENTS

        There have been no material changes to the contractual obligations as
disclosed in our 2006 Annual Report on Form 10-KSB.

FINANCIAL CONDITION

        We are a development stage company and, as such, have not yet generated
significant income from our operations. Our operations to date have been
financed through equity transactions and the issuance of debt.

Need for Additional Financing. No commitments to provide additional funds have
been made by management or other stockholders. Accordingly, there can be no
assurance that any additional funds will be available to us to fund expected


                                       20

<PAGE>


operational losses. We intend to seek additional funding through the issuance of
debt, shares or other instruments to fund our business plan. If we are unable to
raise additional funding our working capital will be insufficient to
successfully execute our business plan.


        We raised $530,266 from the issuance of new debt (short-term notes
payable) and we consolidated and restructured the terms of several existing
notes payable during the nine months ended September 30, 2007. Additionally, we
raised $245,000 related to a $1,500,000 Private Offering Memorandum (dated
September 2006) during the nine-months ended September 30, 2007. We anticipate
raising additional funds through the issuance of debt, sale of our common stock
and other financing sources through the remainder of 2007 and in early 2008 to
continue to execute our business plan.

        Going Concern. The Company's audited financial statements for the year
ended December 31, 2006 (on Annual Report Form 10-KSB) include the following
"Going Concern" footnote, as follows:


"The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern which contemplates the recoverability
of assets and the satisfaction of liabilities in the normal course of business.
As noted above, the Company is in the development stage and, accordingly, has
not yet generated significant revenues from operations. Since its inception, the
Company has been engaged substantially in financing activities and developing
its technology, and incurring substantial costs and expenses. As a result, the
Company incurred accumulated net losses from February 18, 2003 (inception)
through the period ended December 31, 2006 of $2,331,159. In addition, the
Company's development activities since inception have been financially sustained
through equity financing and the issuance of debt.


        The ability of the Company to continue as a going concern is dependent
upon its ability to raise additional capital from the sale of common stock and,
ultimately, the achievement of significant operating revenues. The accompanying
financial statements do not include any adjustments that might be required
should the Company be unable to recover the value of its assets or satisfy its
liabilities."


LIQUIDITY AND CAPITAL RESOURCES

        As a development stage company, we have financed our operations through
debt and equity transactions. At September 30, 2007, our principal sources of
liquidity was approximately $17,000 in cash. During the first nine months of
2007 we raised an additional $530,266 through the issuance of notes payable and
$45,000 in proceeds from the sale of our common stock.

        The conversion option on the all of the Company's convertible notes
expires in 2007, and there is no guarantee that the notes will be converted into
Common Stock.

        The following table summarizes our statements of cash flows:

                                                         Nine months ended
                                                           September 30,
                                                       2007              2006
                                                    ---------------------------

Cash provided (used) by:
   Operating activities                             $(793,712)        $(411,323)
   Investing activities                                 2,083          (399,325)
   Financing activities                               810,891           790,577
                                                    ---------------------------
      Net cash provided (used)                      $  10,262         $ (20,071)
                                                    ===========================


        We are uncertain if our current cash and cash equivalents, together with
anticipated cash flow from the sale of our common stock, additional debt, debt
refinancing and other financing sources in 2007 will be sufficient to meet our
working capital, capital expenditure and financing requirements for at least the
next twelve months. To execute our business plan and sustain operations, we will
need to continue to fund the Company through additional equity and debt
offerings in 2007 and early 2008. In making this assessment we considered the
following:

          o    Our cash and cash equivalents balance at September 30, 2007.

          o    The availability under our revolving credit facility at September
               30, 2007.


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<PAGE>


          o    Anticipated equity offerings in 2007.

          o    Our planned capital expenditures.

          o    Our planned operational expenditures through the remainder of
               2007 and 2008.

OFF-BALANCE SHEET ARRANGEMENTS

        We have no off-balance sheet arrangements that have a material current
effect or that are reasonably likely to have a material future effect on our
financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures, or capital resources.


CRITICAL ACCOUNTING POLICIES

        The following discussion addresses our most critical accounting
policies, which are those that are both important to the portrayal of our
financial condition and results of operations and that require significant
judgment or use of complex estimates.


Revenue Recognition (included in discontinued operations)

        Advertising sales from the Company's websites are generally purchased
with a pre-paid contract for a specified number of months. Revenue from pre-paid
advertising sales is recorded as a liability on the balance sheet at the time of
purchase/payment and revenues are subsequently recognized ratably over the life
of the advertising contract as the advertising is provided.

        Advertising sales from the Company's electronic advertising kiosks is
recognized at the end of each month for which advertising was provided.

        Ecommerce revenue is recognized at the point-of-sale as the payment is
collected immediately (via credit card) and there are no further obligations of
the Company.

        Cost of revenue generally represents the merchant fees (credit card
processing) related to Ecommerce transactions and supplies and materials related
to our electronic advertising kiosks.

Operating Expenses

        Advertising Costs. The Company expenses all costs of advertising as
incurred.

        Professional Fees. The Company expenses all costs of professional fees
as incurred.

        Research and Development. The Company expenses all costs of research and
development as incurred.


Other Items

         Fair value of financial instruments. Fair value estimates discussed
herein are based upon certain market assumptions and pertinent information
available to management as of September 30, 2007 and December 31, 2006. The
respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash,
accounts payable and notes payable. Fair values were assumed to approximate
carrying values for cash and payables because they are short term in nature and
their carrying amounts approximate fair values or they are payable on demand.


Stock-based Compensation

        We accounted for stock-based compensation in accordance with SFAS 123R
effective January 1, 2006. Under the fair value recognition provisions of this
statement, share-based compensation cost is measured at the grant date based on


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<PAGE>


the value of the award and is recognized as expense over the vesting period.
Determining the fair value of share-based awards at the grant date requires
judgment, including estimating expected term of options, expected dividends and
expected volatility of the stock price of our common stock. In addition,
judgment is also required in estimating the amount of share-based awards that
are expected to be forfeited. If actual results differ significantly from these
estimates, stock-based compensation expense and our results of operations could
be significantly impacted.

Allowance for Doubtful Accounts

        We make judgments related to our ability to collect outstanding accounts
receivable. We provide allowances for receivables when their collection becomes
doubtful by recording an expense. Generally, we determine the allowance based on
our assessment of the realization of receivables using historical information
and current economic trends, including assessing the probability of collection
from customers. If the financial condition of our customers were to deteriorate,
resulting in an impairment of their ability to make payments owed to us, we
would be required to increase the allowance for doubtful accounts. We evaluate
the adequacy of the allowance regularly and make adjustments accordingly.
Adjustments to the allowance for doubtful accounts could materially affect our
results of operations.


Income Taxes

        We account for income taxes in accordance with Statement of Financial
Accounting Standards ("SFAS") No. 109, "Accounting for Income Taxes."
Significant judgment is required in determining our provision for income taxes.
We assess the likelihood that our deferred tax asset will be recovered from
future taxable income, and to the extent we believe that recovery is not likely,
we establish a valuation allowance. We consider future taxable income
projections, historical results and ongoing tax planning strategies in assessing
the recoverability of deferred tax assets. However, adjustments could be
required in the future if we determine that the amount to be realized is less or
greater than the amount that we recorded. Such adjustments, if any, could have a
material impact on our results of our operations.


Intangible Assets

        We account for our acquisition and merger of an acquired company in
accordance with SFAS No. 141, "Business Combinations." We allocate the cost of
an acquired company to the tangible and identifiable intangible assets and
liabilities acquired, with the remaining amount being recorded as goodwill. We
amortize certain intangible assets over an estimated life of five years.

        We assess the impairment of identifiable intangibles if events or
changes in circumstances indicate that the carrying value of the asset may not
be recoverable. Factors that we consider important which could trigger an
impairment review include the following:

          o    Significant under-performance relative to historical or projected
               future operating results;

          o    Significant changes in the manner of use of the acquired assets
               or the strategy of the overall business;

          o    Significant negative industry or economic trends;

          o    Significant decline in our stock price for a sustained period;
               and

          o    Our market capitalization relative to net book value.

        If we determine that the carrying value of intangibles and/or long-lived
assets may not be recoverable based on the existence of one or more of the above
indicators of impairment, we measure any impairment based on the estimated
discounted cash flows expected to result from the use of the asset and its
eventual disposition and compare that to the asset's carrying amount. Any
impairment loss recognized would represent the excess of the asset's carrying
value over its estimated fair value. Significant estimates and judgments are
required when estimating such fair values. If we determine that the intangibles
are impaired, we would record an impairment charge and the amount could be
material.



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<PAGE>


ITEM 3. QUANTITATIVE AND QUALITATIVE MARKET RISK DISCLOSURES

        In the ordinary course of business, we are exposed to certain market
risks that are either non-financial or non-quantifiable such as political,
economic, tax, other regulatory, or credit risks. We are not currently exposed
to interest rate or foreign currency risks as we do not have variable rate
financial instruments or operations in countries outside of the U.S.


ITEM 4.  CONTROLS AND PROCEDURES

        a. Evaluation of Disclosure Controls and Procedures:

        Disclosure controls and procedures are designed to ensure that
information required to be disclosed in the reports filed or submitted under the
Exchange Act is recorded, processed, summarized and reported, within the time
period specified in the SEC's rules and forms. Disclosure controls and
procedures include, without limitation, controls and procedures designed to
ensure that information required to be disclosed in the reports filed under the
Exchange Act is accumulated and communicated to management, including the Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow timely
decisions regarding required disclosure. As of the end of the period covered by
this report, September 30, 2007 the Company carried out an evaluation, under the
supervision and with the participation of the Company's management, including
the Company's Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures. Based upon and as of the date of that evaluation, September 30,
2007, the Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures are effective to ensure that
information required to be disclosed in the reports the Company files and
submits under the Exchange Act is recorded, processed, summarized and reported
as and when required.


        b. Changes in Internal Control over Financial Reporting:

        There were no changes in the small business issuers internal control
over financial reporting identified in connection with the Company evaluation
required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange act
that occurred during the small business issuers last fiscal quarter that has
materially affected or is reasonable likely to materially affect, the small
business issuers internal control over financial reporting.



                          PART II -- OTHER INFORMATION

Item 1. Legal Proceedings

        From time to time the Company may be involved in various legal
proceedings arising in the normal course of business operations. We are not
currently engaged in any legal proceedings that would have a material effect on
our business, financial condition or results of operations.


Item 1A.  Risk Factors

        This Quarterly Report on Form 10-QSB should be read in conjunction with
the risk factors defined in our Annual Report on Form 10-KSB for the year ended
December 31, 2006 under "Item 1A. Risk Factors."


Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

         None

Item 3.  Defaults upon Senior Securities

         None


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<PAGE>


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

         None

Item 5.  Other Information

         None

Item 6. Exhibits

        (a)   Exhibits

                   Exhibit 31.1 - Certification pursuant to Section 302 of the
                      Sarbanes-Oxley Act of 2002

                   Exhibit 31.2 - Certification pursuant to Section 302 of the
                      Sarbanes-Oxley Act of 2002

                   Exhibit 32.1 - Certification pursuant to Section 906 of the
                      Sarbanes-Oxley Act of 2002

                   Exhibit 32.2 - Certification pursuant to Section 906 of the
                      Sarbanes-Oxley Act of 2002


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<PAGE>




                                    SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Date: November 8, 2007                            /s/   James O. Mulford
                                                  ------------------------------
                                                  James O. Mulford
                                                  President and
                                                  Chief Executive Officer


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