U.S. SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C.   20549

                              FORM 10-QSB

(Mark One)

( X )  QUARTERLY REPORT UNDER SECION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31,
       2004

                                  OR

(   )  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


                    Commission file number 0 - 26013


                  MULTI-LINK TELECOMMUNICATIONS, INC.
   (Exact name of small business issuer as specified in its charter)


              Colorado                               84-1334687
  (State or other jurisdiction of                   (IRS Employer
   incorporation or organization)                 Identification No.)


         4704 Harlan Street, Suite 420, Denver, Colorado 80212
                (Address of principal executive offices)


                            (303) 380-1641
                      (Issuer's telephone number)

Check whether the issuer:  (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file
such reports), and  (2) has been subject to such filing requirements
for the past 90 days. Yes [   ]  No [ X ]

State the number of shares outstanding of each of the issuer's classes
of equity, as of the latest practicable date:

           Class                         Outstanding  October 11, 2004
Common Stock, no par value                    19,886,935 shares

Transitional Small Business Disclosure format:  Yes (   )     No ( X )




<PAGE>2
                                 INDEX


                  MULTI-LINK TELECOMMUNICATIONS, INC.

                                                              PAGE

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

Consolidated Balance Sheet March 31, 2004                       3
Consolidated Statements of Operations - Three Months Ended
  March 31, 2004 and 2003 and Six Months ended
  March 31, 2004 and 2003.                                      4
Consolidated Statement of Cash Flows - Six Months Ended
  March 31, 2004 and 2003                                       5

Notes to Consolidated Financial Statements                      6


Item 2.  Management's Discussion and Analysis of Financial
           Condition and Results of Operations                  8


Item 3.  Controls and Procedures                               17



PART II - OTHER INFORMATION
Item 1.  Legal Proceedings                                     18
Item 2.  Changes in Securities                                 18
Item 3.  Defaults on Senior Securities                         19
Item 4.  Submission of Matters to a Vote of Security Holders   19
Item 5.  Other Information                                     19
Item 6.  Exhibits and Reports on Form 8-K                      19




<PAGE>3

Part I.   FINANCIAL INFORMATION

Item I. Financial Statements

                  MULTI-LINK TELECOMMUNICATIONS, INC.
                       Consolidated Balance Sheet
                              (Unaudited)

                                                            March 31,
                                                              2003
                                                           ----------
ASSETS

Current Assets
  Cash & Cash Equivalents                                  $      977
                                                           ----------
    Total Current Assets                                          977
                                                           ----------
TOTAL ASSETS                                               $      977
                                                           ==========

LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities
  Accounts Payable                                         $   12,351
  Net Liabilities of Discontinued Operations                      439
  Note Payable                                                 48,504
                                                           ----------
    Total Current Liabilities                                  61,295

STOCKHOLDERS' DEFICIT
  Preferred Stock, $0.01 par value: 5,000,000 shares
   authorized: none issued.                                         -
  Common Stock no par value: 20,000,000 shares
   authorized, 19,886,935 shares issued and outstanding.   12,585,499
  Accumulated Deficit                                     (12,645,817)
                                                           ----------
    Total Stockholders' Deficit                               (60,318)
                                                           ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                $      977
                                                           ==========





See accompanying Notes to Consolidated Financial Statements.




<PAGE>4

                  MULTI-LINK TELECOMMUNICATIONS, Inc.
                 Consolidated Statements of Operations
                              (Unaudited)
<TABLE>
<CAPTION>
                                          Three Months Ended         Six Months Ended
                                        March 31,    March 31,    March 31,    March 31,
                                          2004         2003         2004         2003
                                       ----------   ----------   ----------   ----------

                                    <c>          <c>          <c>          <c>
General & Administrative Expenses      $    4,637   $    9,194   $   17,595   $   26,883
                                       ----------   ----------   ----------   ----------
  Operating Loss                           (4,637)      (9,194)     (17,595)     (26,883)

Interest and Related Income/(Expenses)
 Net                                            -            -            -          400
                                       ----------   ----------   ----------   ----------
  Loss before Income Taxes and
   Extraordinary Item                      (4,637)      (9,194)     (17,595)     (26,483)

Provision for Income Taxes                      -            -            -            -
                                       ----------   ----------   ----------   ----------
  Loss from Continuing Operations
   before Extraordinary Item               (4,637)      (9,194)     (17,595)     (26,483)

Extraordinary Item Net of Taxation          5,542        2,825        5,542        7,000
                                       ----------   ----------   ----------   ----------
  Loss from Continuing Operations
   after Extraordinary Item                   905       (6,369)     (12,053)     (19,483)

Profit/(Loss) from Discontinued
 Operations                                     -            -            -            -
                                       ----------   ----------   ----------   ----------
  Net Loss                             $      905   $   (6,369)  $  (12,053)  $  (19,483)
                                       ==========   ==========   ==========   ==========

NET PROFIT / (LOSS) PER COMMON SHARE
Continuing Operations before
 Extraordinary Item                    $     0.00   $    (0.00)  $    (0.00)  $    (0.00)
Extraordinary Item                     $     0.00   $     0.00   $     0.00   $     0.00
Discontinued Operations                $     0.00   $     0.00   $     0.00   $     0.00
                                       ----------   ----------   ----------   ----------
  Net Loss Per Common Share            $     0.00   $    (0.00)  $    (0.00)  $    (0.00)

WEIGHTED AVERAGE COMMON SHARES
 OUTSTANDING                           19,886,935    5,886,935   17,502,336    5,886,935
                                       ==========   ==========   ==========   ==========
</TABLE>





See accompanying Notes to Consolidated Financial Statements.




<PAGE>5

                  MULTI-LINK TELECOMMUNICATIONS, INC.
                 Consolidated Statements of Cash Flows
                              (Unaudited)

      Six Months
                                               March 31,    March 31,
                                                 2004         2003
                                              ----------   ----------
CASH FLOW FROM OPERATING ACTIVITIES

NET  PROFIT/(LOSS)                            $  (12,053)  $  (19,483)

ADJUSTMENTS TO RECONCILE NET PROFIT/(LOSS) TO NET
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
  Extraordinary Gain on Repayment of Account
   Payable                                        (5,542)      (7,000)

CHANGES IN OPERATING ASSETS & LIABILITIES
  Increase/(Decrease) in Liabilities of
   Discontinued Operations                        (9,506)    (127,485)
  Increase/(Decrease) in Accounts Payable         (4,278)       2,145
                                              ----------   ----------
    Total Cash Flow provided by/(used in)
     Operating Activities                        (31,379)    (151,823)

CASH FLOW FROM INVESTING ACTIVITIES                    -            -
                                              ----------   ----------
    Total Cash Flow provided by/(used in)
     Investing Activities                              -            -

CASH FLOW FROM FINANCING ACTIVITIES
  Advances under Notes Payable                       609        4,730
  Proceeds from Issue of Common Stock             18,312            -
                                              ----------   ----------
    Total Cash Flow provided by Financing
     Activities                                   18,921        4,730

DECREASE IN CASH & CASH EQUIVALENTS           $  (12,458)  $ (147,093)
                                              ==========   ==========

Cash and Cash Equivalents at the
 beginning of the period                      $   13,436   $  147,299
                                              ==========   ==========
Cash and Cash Equivalents at the
 end of the period                            $      977   $      206
                                              ==========   ==========





See accompanying Notes to Consolidated Financial Statements.




<PAGE>6

                  MULTI-LINK TELECOMMUNICATIONS, INC.

               NOTES TO FINANCIAL STATEMENTS (UNAUDITED)


Note 1  Basis of Presentation

The accompanying unaudited financial statements of Multi-Link
Telecommunications, Inc. have been prepared in accordance with
generally accepted accounting principles for interim financial
information and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X.  Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting
principles for complete financial statements.  In our opinion the
financial statements include all adjustments (consisting of normal
recurring accruals) necessary in order to make the financial statements
not misleading.  Operating results for the three month and six month
periods ended March 31, 2004 are not necessarily indicative of the
results that may be expected for the year ended September 30, 2004.
These statements should be read in conjunction with the financial
statements and related notes contained in our latest Form 10-KSB, which
includes audited financial statements for the years ended September 30,
2002 and 2001.

Effective May 20, 2002, the Board of Directors voted to sell all of
Multi-Link Telecommunications, Inc.'s operating businesses and assets
in order to repay its debts.  Accordingly, effective May 20, 2002 the
financial results of the Denver ('Multi-Link Communications, Inc.'),
Indianapolis ('Multi-Link Communications, LLC.'), Raleigh ('One Touch
Communications, Inc.'), Atlanta ("VoiceLink, Inc.) and Florida
('VoiceLink of Florida, Inc.) operating businesses have been accounted
for as discontinued operations under the provisions of the Statements
of Financial Accounting Standards Nos. 144 and 146 and Emerging Issues
Task Force Issue No. 87-24 and the financial results of prior periods
restated accordingly.


Note 2  Liquidity

As reported in the Form 8-K filed on October 18, 2002, the Company, as
co-borrower with its subsidiary company, Multi-Link Communications,
Inc., failed to repay the Westburg Media Capital LLP loan on the
revised maturity date of July 31, 2002 and on October 14, 2002 Westburg
Media Capital LLP notified the Company of its intention to exercise its
security interest in VoiceLink, Inc., One Touch Communications, Inc.
and Multi-Link Communications, Inc. through foreclosure and a public
auction sale.

As reported in the Form 8-K filed on November 6, 2002, Westburg Media
Capital LLP enforced its security interest by selling the assets of
VoiceLink, Inc., One Touch Communications, Inc. and Multi-Link
Communications, Inc. at a public auction under bank foreclosure on
October 30, 2002 for total consideration of $4.2 million - $2.4 million
in cash and $1.8 million in assumption of existing liabilities and
future contractual obligations - leaving shortfalls to certain
creditors guaranteed by the Company.  Nigel V Alexander, the then Chief
Executive Officer and a director of the Company, purchased the business
and assets of the Denver operating business at the public auction.



<PAGE>7

As reported in the Form 8-K filed on November 27, 2002, the Company's
sole remaining operating business, Multi-Link Communications, LLC.,
filed a voluntary petition under Chapter 11 of the Bankruptcy Code on
November 20, 2002 after which the Company had no further beneficial
interest in the Indianapolis operating business.

Following the sale of the Company's Denver, Atlanta and Raleigh
operating businesses in bank foreclosure at public auction on October
30, 2002 and the filing of its Indianapolis operating business for
Chapter 11 protection on November 20, 2002, the Company continued to be
the guarantor or co-borrower on $1.3 million of operating leases and
$1.7 million of debt of the discontinued businesses of its subsidiary
companies.

As reported in the Form 8-K filed on October 31, 2003, the Company
issued 14,000,000 shares of common stock with a market value of
approximately $18,000 to David J Cutler, the sole director of the
Company, to provide the funding to negotiate settlement with the
Company's creditors or to finance the initiation of formal bankruptcy
proceedings if it were not possible to complete such settlements with
its creditors.  The Company retained an independent third party
consultant to value the shares of common stock issued in this
transaction (Subsequent Events below).

Without any remaining operating businesses or income, during fiscal
2003 and 2004 the Company has been able to negotiate settlement of all
of its shortfalls to creditors with its remaining resources but is now
dependent on raising additional equity or debt to fund its ongoing
operating expenses.

It is the Company's current intention to seek to acquire another entity
with experienced management and opportunities for growth in return for
shares of its common stock in an attempt to create value for our
shareholders.  There is no assurance that such a transaction will be
completed.


Note 3  Basis of Consolidation

Effective May 20, 2002, the Board of Directors voted to sell all of
Multi-Link Telecommunications, Inc.'s operating businesses and assets.
Accordingly, effective May 20, 2002 the financial results of the Denver
('Multi-Link Communications, Inc.'), Indianapolis ('Multi-Link
Communications, LLC.'), Raleigh ('One Touch Communications, Inc.'),
Atlanta ("VoiceLink, Inc.) and Florida ('VoiceLink of Florida, Inc.)
operating businesses have been accounted for as discontinued operations
under the provisions of the Statements of Financial Accounting
Standards Nos. 144 and 146 and Emerging Issues Task Force Issue No. 87-
24 and the financial results of prior periods restated accordingly.


Note 4  Note Payable

As at March 31, 2004, a loan of $49,000 was owed to the sole director
of the Company.  No interest was charged on the loan.




<PAGE>8

Note 5  Net Liabilities of Discontinued Operations

Effective March 31, 2004, an accrual of $1,000 had been made in respect
of future costs anticipated to be incurred by the Company in respect of
the disposal of its discontinued trading operations.


Note 6  Common Stock

As reported in the Form 8-K filed on October 31, 2003, the Company
issued 14,000,000 shares of common stock with a market value of
approximately $18,000 to David J Cutler, the sole director of the
Company, to provide the funding to negotiate settlement with the
Company's creditors or to finance the initiation of formal bankruptcy
proceedings if it were not possible to complete such settlements with
our creditors.  The Company retained an independent third party
consultant to value the shares of common stock issued in this
transaction.


Note 7  Discontinued Activities

Effective May 20, 2002, the Board of Directors voted to sell all of
Multi-Link Telecommunications, Inc.'s operating businesses and assets.
Accordingly, effective May 20, 2002 the financial results of the Denver
('Multi-Link Communications, Inc.'), Indianapolis ('Multi-Link
Communications, LLC.'), Raleigh ('One Touch Communications, Inc.'),
Atlanta ("VoiceLink, Inc.) and Florida ('VoiceLink of Florida, Inc.)
operating businesses have been accounted for as discontinued operations
under the provisions of the Statements of Financial Accounting
Standards Nos. 144 and 146 and Emerging Issues Task Force Issue No. 87-
24 and the financial results of prior periods restated accordingly.

There was no revenue from discontinued activities in the three months
ended March 31, 2004 or March 31, 2003, and no revenue from
discontinued activities in the six months ended March 31, 2004 compared
to $713,000 for the six months ended March 31, 2003.  The decrease in
revenue was due to the fact that the Denver, Atlanta and Raleigh
businesses were sold effective October 30, 2002 and the Indianapolis
business filed for Chapter 11 protection on November 20, 2002 after
which dates no further revenue was recognized.


Note 8  Subsequent Events

Without any remaining operating businesses or income, during fiscal
2003 and 2004 the Company has been able to negotiate a settlement of
all of its shortfalls to creditors with its remaining resources but is
now dependent on raising additional equity and debt to fund its ongoing
operating expenses.

As reported in the Form 8-K filed on September 14, 2004, effective
August 4, 2004 the Company appointed James E Scheifley and Associates
PC as auditors in succession to Hein and Associates LLP.

It is the Company's current intention to seek to acquire another entity
with experienced management and opportunities for growth in return for
shares of its common stock in an attempt to create value for our
shareholders.  There is no assurance that such a transaction will be
completed.



<PAGE>9

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

The following discussion should be read in conjunction with the
consolidated financial statements included in this report.  This
discussion contains forward-looking statements that involve risks and
uncertainties.  Our actual results could differ materially from those
anticipated in these forward looking statements as a result of any
number of factors, including but not limited to, our ability to raise
debt or equity finance to meet ongoing operating expenses and our
ability to acquire another entity with experienced management and
opportunities for growth in return for shares of its common stock in an
attempt to create value for our shareholders.

OVERVIEW

Prior to May 20, 2002, we provided basic voice mail, call routing and
advanced integrated voice and fax messaging to small businesses in
several major urban markets.  These services enabled businesses to
improve the handling of incoming calls and facilitate more efficient
communication between employees, customers, suppliers and other key
relationships.  We also provided basic voice mail and paging services
to consumers.

During fiscal 2002 we were unable to make the majority of scheduled
payments on our equipment leases and loans and effective May 20, 2002
our Board of Directors voted to sell all of our operating businesses
and assets to repay our debts and effective that date we accounted for
all of our operating businesses as discontinued operations.

Effective November 20, 2002 all our operating businesses had been sold
leaving shortfalls to certain creditors guaranteed by us or were being
operated under Chapter 11 protection and in which we had no future
beneficial interest.

Following the sale of our Denver, Atlanta and Raleigh operating
businesses in bank foreclosure at public auction on October 30, 2002
and the filing by our Indianapolis operating business for protection
under Chapter 11 on November 20, 2002, we continued to be the guarantor
or co-borrower on $1.3 of million operating leases and $1.7 million of
debt of the discontinued businesses of our subsidiary companies.

Without any remaining operating businesses or income, during fiscal
2003 and 2004 we have subsequently been able to negotiate settlement of
all of our shortfalls to creditors with our remaining resources but we
are now dependent on raising additional equity or debt to fund our
ongoing operating expenses.

We currently intend to seek to acquire another entity with experienced
management and opportunities for growth in return for shares of our
common stock in an attempt to create value for our shareholders.  There
is no assurance that such a transaction will be completed.

LIQUIDITY AND CAPITAL RESOURCES

As reported in the Form 8-K filed on October 18, 2002, we failed to
repay the Westburg Media Capital LLP loan on the revised maturity date
of July 31, 2002 and on October 14, 2002 Westburg Media Capital LLP
notified us of its intention to exercise its security interest in



<PAGE>10

VoiceLink, Inc., One Touch Communications, Inc. and Multi-Link
Communications, Inc. through foreclosure and a public auction sale.

As reported in the Form 8-K filed on November 6, 2002, Westburg Media
Capital LLP enforced its security interest by selling the assets of
VoiceLink, Inc., One Touch Communications, Inc. and Multi-Link
Communications, Inc. at a public auction under bank foreclosure on
October 30, 2002 leaving shortfalls to certain creditors guaranteed by
us.  Nigel V Alexander, our then Chief Executive Officer and a
director, purchased the business and assets of our Denver operations at
the public auction.

As reported in the Form 8-K filed on November 27, 2002, our sole
remaining operating business, Multi-Link Communications, LLC., filed a
voluntary petition under Chapter 11 of the Bankruptcy Code on November
20, 2002 after which we had no further beneficial interest in the
Indianapolis operating business.

Following the sale of our Denver, Atlanta and Raleigh operating
businesses in bank foreclosure at public auction on October 30, 2002
and the filing of our Indianapolis operating business for Chapter 11
protection on November 20, 2002, we continued to be the guarantor or
co-borrower on $1.3 million of operating leases and $1.7 million of
debt of the discontinued businesses of our subsidiary companies.

As reported in the Form 8-K filed on October 31, 2003, we issued
14,000,000 shares of common stock with a market value of approximately
$18,000 to David J Cutler, our sole director, to provide the funding to
negotiate settlement with our creditors or to finance the initiation of
formal bankruptcy proceedings if it were not possible to complete such
settlements with our creditors.  We retained an independent third party
consultant to value the shares of common stock issued in this
transaction.

Without any remaining operating businesses or income, during fiscal
2003 and 2004 we have been able to negotiate settlement of all of our
shortfalls to creditors with our remaining resources but we are now
dependent on raising additional equity or debt to fund our ongoing
operating expenses.

We currently intend to seek to acquire another entity with experienced
management and opportunities for growth in return for shares of our
common stock in an attempt to create value for our shareholders.  There
is no assurance that such a transaction will be completed.

Delisting from NASDAQ SmallCap Market and the Over the Counter Bulletin
Board

On March 7, 2002 the Nasdaq Stock Market Staff advised us that we were
not in compliance with several Nasdaq marketplace requirements for
continued listing on the Nasdaq SmallCap Market, including failure to
comply with the audit committee requirements, a failure to maintain the
minimum $2,000,000 net tangible asset requirement or the alternative
minimum stockholders' equity requirement of $2,500,000.

We decided that we had no realistic grounds upon which to appeal
against this determination and accordingly our common stock and
warrants were de-listed from the Nasdaq SmallCap Market on March 15,



<PAGE>11

2002.  Concurrently, our stock and warrants commenced trading on the
over the counter bulletin board market under the symbols MLNK.OB and
MLNKW.OB respectively.  Our publicly traded warrants expired on May 15,
2002 and ceased to be traded as at that date.

In order to conserve our financial resources, during fiscal 2002 we
elected not to incur the costs involved in retaining our auditors to
review our financial results for the period ended June 30, 2002 and
subsequent periods.  Accordingly effective August 15, 2002 we became
delinquent in our filing requirements and consequently in due course
ceased to be eligible to be listed on the over the counter bulletin
board.  We now continue to be listed solely on the National Quotation
Bureau Pink Sheets under the symbol MLNK.PK.

It is our current intention to bring all required fillings up to date
and seek to be re-listed on the over the counter bulletin board.
However, there can be no guarantee of our success in our attempt to
return to the over the counter bulletin board.

Results of Operations
Quarter ended March 31, 2004 compared to quarter ended March 31, 2003.
The results for the quarter ended March 31, 2004 and March 31, 2003
have been adjusted to reflect all operating activities as discontinued
operations as described above.

General and Administrative Expenses.  General and administrative
expenses for the three months ended March 31, 2004, were $5,000
compared to $9,000 for the three months ended March 31, 2003, a
decrease of $4,000 or 44 percent, relating to reduced professional
fees.

Loss from Operations.  Loss from operations was $5,000) for the three
months ended March 31, 2004, compared to a loss from operations of
$(9,000) for the three months ended March 31, 2003, a reduction in
losses of $4,000 due to the factors described above.

Extraordinary Item.  In the three months ended March 31, 2004, we
recorded an extraordinary gain of $6,000 compared to an extraordinary
gain of $3,000 in the three months ended March 31, 2003, an increase of
$3,000 or 100 percent.  These extraordinary gains arose from negotiated
settlements reached with our creditors for less than the originally
contracted amount.

Profit from Discontinued Operations.  No profit or loss was recognized
on discontinued operations in the three months ended March 31 2004 or
2003 as the future loss on all discontinued activities was provided for
in full during fiscal 2002.

No revenue was recorded from discontinued activities in the three
months ended March 31, 2004 or 2003 as the Denver, Atlanta and Raleigh
businesses were sold effective October 30, 2002 and the Indianapolis
business filed for Chapter 11 protection on November 20, 2002 after
which dates no further revenue was recognized.

Six Months ended March 31, 2004 compared to the Six Months ended March
31, 2003.  The results for the six months ended March 31, 2004 and
March 31, 2003 have been adjusted to reflect all operating activities
as discontinued operations as described above.



<PAGE>12

General and Administrative Expenses.  General and administrative
expenses for the six months ended March 31, 2004, were $18,000 compared
to $27,000 for the six months ended March 31, 2003, a decrease of
$9,000 or 33 percent.  Of this decrease, $5,000 related to reduced
professional fees and $4,000 to reduced employee and administrative
costs.

Loss from Operations.  Loss from operations was $(18,000) for the six
months ended March 31, 2004, compared to a loss from operations of
$(27,000) for the six months ended March 31, 2003, a reduction in
losses of $9,000 due to the factors described above.

Net Interest Expense.  There was no net interest income / (expense) for
the six months ended March 31, 2004 compared to nominal net interest
income of less than $1,000 for the six months ended March 31, 2003
which was earned on our higher cash balances in the prior year.

Extraordinary Item.  In the six months ended March 31, 2004, we
recorded an extraordinary gain of $6,000 compared to an extraordinary
gain of $7,000 in the six months ended March 31, 2003, a decrease of
$1,000.  These extraordinary gains arose from negotiated settlements
reached with our creditors for less than the originally contracted
amount.

Profit from Discontinued Operations.  As the future loss on all
discontinued activities was provided for in full during fiscal 2002, no
results for the discontinued operations were recognized n fiscal 2003
or will be recognized in fiscal 2004.

There was no revenue from discontinued activities in the six months
ended March 31, 2004 compared to $713,000 for the six months ended
March 31, 2003 as the Denver, Atlanta and Raleigh businesses were sold
effective October 30, 2002 and the Indianapolis business filed for
Chapter 11 protection on November 20, 2002 after which dates no further
revenue was recognized.

Cash Flow Information

For six months ended March 31, 2004 net cash used in operations was
$(31,000) compared to $(152,000) used in operations for the six months
ended March 31, 2003, a positive variance of $121,000 which was largely
due to the decrease in funds absorbed by discontinued operations from
$128,000 in the six months to March 31, 2003 to $10,000 in the six
months ended March 31, 2004.

No cash was generated from or (used in) investing activities in either
the six months to March 31, 2004 or 2003 as the Company had no
remaining investments to sell and had no funds to purchase new
investments.

Cash flow from financing activities was $19,000 for the six months
ended March 31, 2004 compared to $5,000 for the same period in the
prior year, a variance of $14,000.  In the six months ended March 31,
2004 we received $18,000 from the proceeds of the issue of shares of
our common stock issued to our sole director as described above, while
in the six months ended March 31, 2003 we received a loan of $5,000
from our sole director.



<PAGE>13

PLANNED OPERATIONS

Our plan of operation is to acquire a company that will have
experienced management and opportunities for growth in an exchange for
our shares of common stock.  There is no assurance that any such
business will be identified or that any stockholder will realize any
return on their shares after such a transaction has been completed.
Any merger or acquisition completed by us can be expected to have a
significant dilutive effect on the percentage of shares held by our
current stockholders.

General Business Plan

We intend to seek, investigate and, if such investigation warrants,
acquire an interest in business opportunities presented  to us by
persons or firms which desire to seek the advantages of an issuer who
has complied with the Securities Act of 1934 (the "1934 Act").  We will
not restrict our search to any specific business, industry or
geographical location, and we may participate in business ventures of
virtually any nature.  This discussion of our proposed business is
purposefully general and is not meant to be restrictive of our
virtually unlimited discretion to search for and enter into potential
business opportunities.  We anticipate that we may be able to
participate in only one potential business venture because of our lack
of financial resources.

We may seek a business opportunity with entities which have recently
commenced operations, or that desire to utilize the public marketplace
in order to raise additional capital in order to expand into new
products or markets, to develop a new product or service, or for other
corporate purposes.  We may acquire assets and establish wholly owned
subsidiaries in various businesses or acquire existing businesses as
subsidiaries.

We expect that the selection of a business opportunity will be complex
and risky.  Due to general economic conditions, rapid technological
advances being made in some industries and shortages of available
capital, we believe that there are numerous firms seeking the benefits
of an issuer who has complied with the 1934 Act.  Such benefits may
include facilitating or improving the terms on which additional equity
financing may be sought, providing liquidity for incentive stock
options or similar benefits to key employees, providing liquidity
(subject to restrictions of applicable statutes) for all stockholders
and other factors.  Potentially, available business opportunities may
occur in many different industries and at various stages of
development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely
difficult and complex.  We have, and will continue to have, essentially
no assets to provide the owners of business opportunities.  However, we
will be able to offer owners of acquisition candidates the opportunity
to acquire a controlling ownership interest in an issuer who has
complied with the 1934 Act without incurring the cost and time required
to conduct an initial public offering.

The analysis of new business opportunities will be undertaken by, or
under the supervision of, our sole director.  We intend to concentrate
on identifying preliminary prospective business opportunities which may
be brought to our attention through present associations of our
director, professional advisors or by our stockholders.  In analyzing



<PAGE>14

prospective business opportunities, we will consider such matters as
(i) available technical, financial and managerial resources; (ii)
working capital and other financial requirements; (iii) history of
operations, if any and prospects for the future; (iv) nature of present
and expected competition; (v) quality, experience and depth of
management services; (vi) potential for further research, development
or exploration; (vii) specific risk factors not now foreseeable but
that may be anticipated to impact the proposed activities of the
company; (viii) potential for growth or expansion; (ix) potential for
profit; (x) public recognition and acceptance of products, services or
trades; (xi) name identification; and (xii) other factors that we
consider relevant.  As part of our investigation of the business
opportunity, we expect to meet personally with management and key
personnel.  To the extent possible, we intend to utilize written
reports and personal investigation to evaluate the above factors.

We will not acquire or merge with any company for which audited
financial statements cannot be obtained within a reasonable period of
time after closing of the proposed transaction.


Acquisition Opportunities

In implementing a structure for a particular business acquisition, we
may become a party to a merger, consolidation, reorganization, joint
venture, or licensing agreement with another company or entity.  We may
also acquire stock or assets of an existing business.  Upon
consummation of a transaction, it is probable that our present
management and stockholders will no longer be in control of us.  In
addition, our sole director may, as part of the terms of the
acquisition transaction, resign and be replaced by new directors
without a vote of our stockholders, or sell his stock in us.  Any such
sale will only be made in compliance with the securities laws of the
United States and any applicable state.

It is anticipated that any securities issued in any such reorganization
would be issued in reliance upon exemption from registration under
application federal and state securities laws.  In some circumstances,
as a negotiated element of the transaction, we may agree to register
all or a part of such securities immediately after the transaction is
consummated or at specified times thereafter.  If such registration
occurs, it will be undertaken by the surviving entity after it has
successfully consummated a merger or acquisition and is no longer
considered an inactive company.  The issuance of substantial additional
securities and their potential sale into any trading market which may
develop in our securities may have a depressive effect on the value of
our securities in the future.  There is no assurance that such a
trading market will develop.

While the actual terms of a transaction cannot be predicted, it is
expected that the parties to any business transaction will find it
desirable to avoid the creation of a taxable event and thereby
structure the business transaction in a so-called "tax-free"
reorganization under Sections 368(a)(1) or 351 of the Internal Revenue
Code (the "Code").  In order to obtain tax-free treatment under the
Code, it may be necessary for the owner of the acquired business to own
80 percent or more of the voting stock of the surviving entity.  In
such event, our stockholders would retain less than 20 percent of the



<PAGE>15

issued and outstanding shares of the surviving entity.  This would
result in significant dilution in the equity of stockholders.

As part of our investigation, we expect to meet personally with
management and key personnel, visit and inspect material facilities,
obtain independent analysis of verification of certain information
provided, check references of management and key personnel, and take
other reasonable investigative measures, to the extent of our limited
financial resources and management expertise.  The manner in which we
participate in an opportunity will depend on the nature of the
opportunity, the respective needs and desires of both parties, and the
management of the opportunity.

With respect to any merger or acquisition, and depending upon, among
other things, the target company's assets and liabilities, our
stockholders will in all likelihood hold a substantially lesser
percentage ownership interest in us following any merger or
acquisition.  The percentage ownership may be subject to significant
reduction in the event we acquire a target company with assets and
expectations of growth.  Any merger or acquisition can be expected to
have a significant dilutive effect on the percentage of shares held by
our stockholders.

We will participate in a business opportunity only after the
negotiation and execution of appropriate written business agreements.
Although the terms of such agreements cannot be predicted, generally we
anticipate that such agreements will (i) require specific
representations and warranties by all of the parties; (ii) specify
certain events of default; (iii) detail the terms of closing and the
conditions which must be satisfied by each of the parties prior to and
after such closing; (iv) outline the manner of bearing costs, including
costs associated with the Company's attorneys and accountants; (v) set
forth remedies on defaults; and (vi) include miscellaneous other terms.

As stated above, we will not acquire or merge with any entity which
cannot provide independent audited financial statements within a
reasonable period of time after closing of the proposed transaction.
We are subject to all of the reporting requirements included in the
1934 Act.  Included in these requirements as part of a Current Report
on Form 8-K, required to be filed with the SEC upon consummation of a
merger or acquisition, as well as audited financial statements included
in an Annual Report on Form 10-K (or Form 10-KSB as applicable).  If
such audited financial statements are not available at closing, or
within time parameters necessary to insure our compliance within the
requirements of the 1934 Act, or if the audited financial statements
provided do not conform to the representations made by that business to
be acquired, the definitive closing documents will provide that the
proposed transaction will be voidable, at the discretion of our present
management.  If such transaction is voided, the definitive closing
documents will also contain a provision providing for reimbursement for
our costs associated with the proposed transaction.

Competition

We believe we are an insignificant participant among the firms which
engage in the acquisition of business opportunities.  There are many
established venture capital and financial concerns that have
significantly greater financial and personnel resources and technical
expertise than we have.  In view of our limited financial resources and



<PAGE>16

limited management availability, we will continue to be at a
significant competitive disadvantage compared to our competitors.

Accounting Pronouncements

On June 30, 2001, the FASB approved the issuance of SFAS No. 141,
Business Combinations and SFAS No. 142, Goodwill and Other Intangible
Assets.  SFAS No. 141 states that all business combinations should be
accounted for using the purchase method of accounting; use of pooling-
of-interest method is prohibited.  Accounting for the excess of the
fair value of net assets over cost (negative goodwill), will be
allocated to certain assets first with any remaining excess recognized
as an extraordinary gain.  SFAS No. 141 is effective for business
combinations completed after June 30, 2001.  SFAS No. 142 addresses the
accounting for all purchased intangible assets but not the accounting
for internally developed intangible assets.  Goodwill will no longer be
amortized and will be reviewed for impairment in accordance with SFAS
No. 142.  Goodwill will be tested annually and on an interim basis if
an event or circumstance occurs between the annual tests that might
reduce the fair value of the reporting unit below its carrying value.
SFAS No 142 is effective for fiscal years beginning after December 31,
2001, with early adoption permitted under certain circumstances.
Goodwill and intangible assets acquired in a transaction completed
after June 30, 2001 but before SFAS No. 142 is initially applied will
be accounted for in accordance with SFAS No. 142.  The Company does not
believe that the adoption of the statement will have a material effect
on its financial position, results of operations, or cash flows.

In June 2001, the FASB approved for issuance SFAS 143 Asset Retirement
Obligations.  SFAS 143 establishes accounting requirements for
retirement obligations associated with tangible long-lived assets,
including (1) the timing of the liability recognition, (2) initial
measurement of the liability, (3) allocation of asset retirement cost
to expense, (4) subsequent measurement of the liability and (5)
financial statement disclosures.  SFAS 143 requires that an asset
retirement cost should be capitalized as part of the cost of the
related long-lived asset and subsequently allocated to expense using a
systematic and rational method.  The statement is effective for
financial statements issued for fiscal years beginning after June 15,
2002.  The Company does not believe that the adoption of the statement
will have a material effect on its financial position, results of
operations, or cash flows.

In October 2001, the FASB also approved SFAS 144, Accounting for the
Impairment or Disposal of Long-Lived Assets.  SFAS 144 replaces SFAS
121, Accounting for the Impairment of Long-Lived Assets and for Long-
Lived Assets to Be Disposed Of.  The new accounting model for long-
lived assets to be disposed of by sale applies to all long-lived
assets, including discontinued operations, and replaces the provisions
of APB Opinion No. 30, Reporting Results of Operations-Reporting the
Effects of Disposal of a Segment of a Business, for the disposal of
segments of a business.  Statement 144 requires that those long-lived
assets be measured at the lower of carrying amount or fair value less
cost to sell, whether reported in continuing operations or in
discontinued operations.  Therefore, discontinued operations will no
longer be measured at net realizable value or include amounts for
operating losses that have not yet occurred.  Statement 144 also
broadens the reporting of discontinued operations to include all
components of an entity with operations that can be distinguished from



<PAGE>17

the rest of the entity and that will be eliminated from the ongoing
operations of the entity in a disposal transaction.  The provisions of
Statement 144 are effective for financial statements issued for fiscal
years beginning after December 15, 2001 and, generally, are to be
applied prospectively.  At this time, the Company cannot estimate the
effect of this statement on its financial position, results of
operations, or cash flows.

In April 2002, the FASB issued SFAS 145, "Rescission of FASB Statements
No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
Corrections."  Among other things, this statement rescinds FASB
Statement No. 4, "Reporting Gains and Losses from Extinguishment of
Debt" which required all gains and losses from extinguishment of debt
to be aggregated and, if material, classified as an extraordinary item,
net of related income tax effect.  As a result, the criteria in APB
Opinion No. 30, "Reporting the Results of Operations -- Reporting the
Effects of Disposal of a Segment of a Business, and Extraordinary,
Unusual and Infrequently Occurring Events and Transactions," will now
be used to classify those gains and losses.  The provisions of SFAS 145
related to the classification of debt extinguishment are effective for
years beginning after May 15, 2002.  The adoption of SFAS 145 by the
Company is not expected to have a material impact on the Company's
financial position, results of operations, or cash flows.

In July 2002, the FASB issued SFAS 146, "Accounting for Costs
Associated with Exit or Disposal Activities."  SFAS 146 provides new
guidance on the recognition of costs associated with exit or disposal
activities.  The standard requires companies to recognize costs
associated with exit or disposal activities when they are incurred
rather than at the date of commitment to an exit or disposal plan.
SFAS 146 supercedes previous accounting guidance provided by the EITF
Issue No. 94-3 "Liability Recognition for Certain Employee Termination
Benefits and Other Costs to Exit an Activity (including Certain Costs
Incurred in a Restructuring)."  EITF Issue No. 94-3 required
recognition of costs at the date of commitment to an exit or disposal
plan.  SFAS 146 is to be applied prospectively to exit or disposal
activities initiated after December 31, 2002.  Early application is
permitted.  The adoption of SFAS 146 by the Company is not expected to
have a material impact on the Company's financial position, results of
operations, or cash flows.

In December 2002, the Financial Accounting Standards Board ("FASB")
issued SFAS 148 "Accounting for Stock-Based Compensation--Transition
and Disclosure--an amendment of SFAS 123."  SFAS 148 provides
alternative methods of transition for a voluntary change to the fair
value based method of accounting for stock-based employee compensation
from the intrinsic value-based method of accounting prescribed by APB
25.  As allowed by SFAS 123, the Company has elected to continue to
apply the intrinsic value-based method of accounting, and has adopted
the disclosure requirements of SFAS 123.  The Company currently does
not anticipate adopting the provisions of SFAS 148.

In January 2003, the FASB issued FASB Interpretation ("FIN") No. 46,
Consolidation of Variable Interest Entities, which requires variable
interest entities (commonly referred to as SPEs) to be consolidated by
the primary beneficiary of the entity if certain criteria are met.  FIN
No. 46 is effective immediately for all new variable interest entities
created or acquired after January 31, 2003.  The adoption of this
statement does not impact the Company's historical or present financial



<PAGE>18

statements, as the Company has not created or acquired any variable
interest entities, nor does it expect to in the future.

In April 2003, the FASB issued Statement of Financial Accounting
Standard No. 149, "Amendment of Statement 133 on Derivative Instruments
and Hedging Activities" (SFAS 149).  SFAS 149 amends and clarifies
financial accounting and reporting for derivative instruments,
including certain derivative instruments embedded in other contracts
(collectively referred to as derivatives) and for hedging activities
under FASB Statement No. 133, "Accounting for Derivative Instruments
and Hedging Activities".  SFAS 149 is generally effective for contracts
entered into or modified after June 30, 2003 or hedging relationships
designated after June 30, 2003.  The Company does not expect the
adoption of SFAS 149 to have an impact on its financial position or
operating results.

In May 2003, the FASB issued Financial Accounting Standard No. 150,
"Accounting for Certain Financial Instruments with Characteristics of
Both Liabilities and Equity" (SFAS 150).  SFAS 150 establishes
standards for how a company classifies and measures certain financial
instruments with characteristics of both liabilities and equity.  It
requires that a company classify a financial instrument that is within
the scope as a liability (or an asset in some circumstances).  SFAS 150
is effective for financial instruments entered into or modified after
May 31, 2003, and otherwise is effective at the beginning of the first
interim period beginning after June 15, 2003.  The Company does not
expect the adoption of SFAS 150 to have an impact on its financial
position or operating results.

Effects of Inflation

Although we cannot accurately anticipate the effect of inflation on our
operations, we do not believe that inflation has had, or is likely in
the future to have, a material effect on our operating results or
financial condition.


ITEM 3.  Controls and Procedures

As of the end of the period covered by this  report,  the Company
conducted an evaluation,  under  the  supervision  and with the
participation  of the  Chief Executive  Officer and Chief  Financial
Officer,  of the  Company's  disclosure controls and procedures (as
defined in Rules  13a-15(e) and 15d-15(e)  under the 1934 Act.  Based
on this  evaluation,  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 by the Company in reports that it files or
submits  under the 1934 Act is recorded, processed,  summarized  and
reported  within  the  time  periods  specified  in Securities and
Exchange  Commission rules and forms.  There was no change in the
Company's internal  control over financial  reporting during the
Company's most recently completed fiscal quarter that has materially
affected, or is reasonably likely to materially  affect,  the
Company's  internal  control over  financial reporting.




<PAGE>19

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings

As reported in the Form 8-K filed on November 27, 2002, effective
November 20, 2002 our sole remaining operating business, Multi-Link
Communications, LLC., filed a voluntary petition under Chapter 11 of
the Bankruptcy Code and from that date we had no further beneficial
interest in respect of the Indianapolis operating business.


Item 2.  Changes in Securities

Recent Sales of Unregistered Securities

On October 31, 2003, we issued 14,000,000 shares of common stock with a
market value of approximately $18,000 to David J Cutler, our sole
director, to provide the funding to negotiate settlement with our
creditors or to finance the initiation of formal bankruptcy proceedings
if it were not possible to complete such settlements with our
creditors.  We retained an independent third party consultant to value
the shares of common stock issued in this transaction.  We issued the
shares in reliance upon the exemption from registration provided by
Section 4(2) of the 1933 Act.  No underwriters were engaged in
connection with such issuances.

Expiration of Series A Warrants

In November 1998 we issued 114,720 Series A warrants to purchase shares
of common stock at an exercise price of $4.17 per share in connection
with a private placement.  The original expiration date of 111,000 of
the Warrants was May 14, 2001, but was subsequently extended to
December 31, 2001.  Effective December 31, 2001 all 111,000 Series A
warrants expired without exercise.

The remaining 3,720 Series 'A' warrants expired without exercise in
November 2003.

Expiration of Series B Warrants

In November 1998 we issued 7,560 Series B warrants to purchase shares
of common stock at an exercise price of $5.00 per share in connection
with a private placement.  The expiration date for the Series B
warrants was November 2003 at which time all 7,560 Series B warrants
expired without exercise.

Expiration of Underwriter Warrants

In May 1999, the underwriter to the initial public offering was issued
warrants to subscribe for 120,000 units at $7.68 per unit.  Each unit
comprised one common share and one warrant.  Two of the warrants within
the units were exercisable to purchase one share of common stock for an
exercise price of $11.52.  Warrants within the units only became issued
when the unit warrants were exercised.  These warrants were exercisable
through May 2004 and expired without exercise at that date.




<PAGE>20

Item 3.  Defaults upon Senior Securities

We, as co-borrower or guarantor of various loans and leases of our
subsidiary companies, were in default on our obligations to various
lenders and leasing companies.

During the remainder of fiscal 2004 we have been able to negotiate
settlement of all of our shortfalls to creditors in respect of these
defaults upon senior securities.


Item 4.  Submission of Matters to Vote of Security Holders

None


Item 5.  Other Information

None


Item 6.  Exhibits and Reports on Form 8-K

Exhibits

Exhibit 31 - 302 certification
Exhibit 32 - 906 certification

Reports on Form 8-K
On October 31, 2003 we filed a Form 8-K announcing that we had issued
14,000,000 shares of Common Stock for consideration of $18,000 to David
J Cutler, sole director of the Company.  We issued the shares, valued
by a third party consultant, to provide the funding to negotiate
settlement with our creditors or to finance the initiation of formal
bankruptcy proceedings if were not possible to complete such
settlements with our creditors.

On September 14, 2004 we filed a Form 8-K announcing that effective
August 4, 2004 we had appointed James E Scheifley and Associates PC as
our new auditors in succession to Hein and Associates LLP.




<PAGE>21

SIGNATURES


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


                                  MULTI-LINK TELECOMMUNICATIONS, INC,
                                  (Registrant)





Date:  October 11, 2004           /s/  David J. Cutler
                                  -----------------------------------
                                  David J. Cutler,
                                  Chief Executive Officer
                                  Chief Financial Officer






4

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