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

                                  FORM 10-QSB

(Mark One)

[X}  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

                                       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 Identification No.)
 incorporation or organization)

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

                                 (303) 831 1977
                            -------------------------
                           (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 [X] No [ ]

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


       Class                                      Outstanding May 12, 2000
--------------------------                        ------------------------
Common Stock, No par value                             3,937,508 shares

         Transitional Small Business Disclosure format: Yes [ ] No [X]


<PAGE>


                                      INDEX

              MULTI-LINK TELECOMMUNICATIONS, INC. AND SUBSIDIARIES


PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements (Unaudited)                                  PAGE

Consolidated Balance Sheet, March 31, 2000                                    3

Consolidated Statements of Operations and Comprehensive Income -              4
Three Months Ended March 31, 2000 and 1999 and Six Months
ended March 31, 2000 and 1999

Consolidated Statement of Cash Flows - Six Months ended March 31,             5
2000 and 1999

Notes to Consolidated Financial Statements                                    6


Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations                                 7



PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.                                                  14
Item 2.   Changes in Securities and Use of Proceeds                           14
Item 3.   Defaults upon Senior Securities                                     15
Item 4.   Submission of Matters to a Vote of Security Holders                 15
Item 5.   Other Information                                                   15
Item 6.   Exhibits and Reports on Form 8-K.                                   16





                                       2
<PAGE>

Part I.   FINANCIAL INFORMATION

Item I.   Financial Statements
<TABLE>
<CAPTION>

                                 Multi-Link Telecommunications, Inc.
                                     Consolidated Balance Sheet

                                                                                                          March 31,
                                                                                                            2000
                                                                                                          --------
<S>                                                                                                    <C>
ASSETS
Current Assets
          Cash & Cash Equivalents ..................................................................   $    408,906
          Marketable Securities, current ...........................................................        254,003
          Accounts Receivable, net of allowance for doubtful accounts of $233,780 ..................      1,034,807
          Note Receivable ..........................................................................        313,327
          Inventory ................................................................................         27,287
          Prepaid Expenses .........................................................................        178,669
                                                                                                       ------------
                    Total Current Assets ...........................................................      2,216,999

Marketable Securities ..............................................................................        329,025

Property & Equipment Net ...........................................................................      4,227,010

Other Assets
          Deferred Financing Costs and Other Assets ................................................        233,508

          Intangible Assets, net of amortization of  $765,540 ......................................      7,296,003
                                                                                                       ------------
TOTAL ASSETS .......................................................................................   $ 14,302,545
                                                                                                       ============

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
           Accounts Payable ........................................................................   $    584,561
           Accrued Expenses ........................................................................        489,412
           Customer Deposits .......................................................................        130,916
           Deferred Revenue ........................................................................        253,041
           Notes Payable and Current Portion of Long -Term Debt ....................................        423,323
                                                                                                       ------------
                     Total Current Liabilities .....................................................      1,881,253

Long-Term Debt, Net of Current Portion .............................................................      3,170,278

STOCKHOLDERS' EQUITY
           Preferred Stock, $.01 par value: 5,000,000 shares authorized: none issued ...............              0
           Common Stock no par value: 20,000,000 shares authorized,  3,925,508
           shares issued and outstanding ...........................................................     10,726,560

           Loss on Investments available for sale ..................................................        (15,201)

           Accumulated Deficit .....................................................................     (1,460,345)
                                                                                                       ------------
                     Total Stockholders' Equity ....................................................      9,251,014

                                                                                                       ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .........................................................   $ 14,302,545
                                                                                                       ============
</TABLE>

          See accompanying Notes to Consolidated Financial Statements.


                                       3
<PAGE>

<TABLE>
<CAPTION>

                                       Multi-Link Telecommunications, Inc.
                          Consolidated Statements of Operations and Comprehensive Income


                                                                      Three Months Ended                       Six Months Ended
                                                                  ---------------------------           ---------------------------
                                                                  March 31,          March 31,          March 31,          March 31,
                                                                    2000               1999               2000               1999
                                                                  --------           --------           --------           --------

<S>                                                            <C>                <C>                <C>                <C>
NET REVENUES ...........................................       $ 3,055,855        $ 1,113,745        $ 5,148,835        $ 2,200,955

COST OF SERVICES AND PRODUCTS ..........................           621,620            209,498          1,059,522            398,734
                                                               -----------        -----------        -----------        -----------
GROSS MARGIN ...........................................         2,434,235            904,247          4,089,313          1,802,221

EXPENSES
    Sales & Advertising Expenses .......................           405,404             85,284            630,168            186,968
    General & Administrative Expenses ..................         1,527,895            464,015          2,513,521            953,839
    Depreciation .......................................           106,407             35,529            166,653             68,791
    Amortization .......................................           270,594             50,193            407,233             87,588
                                                               -----------        -----------        -----------        -----------
           Total Expenses ..............................         2,310,300            635,021          3,717,575          1,297,186

INCOME FROM OPERATIONS .................................           123,935            269,226            371,738            505,035

INTEREST INCOME (EXPENSE) NET AND OTHER ................           (86,291)           (92,494)          (109,786)          (210,321)
                                                               -----------        -----------        -----------        -----------
INCOME BEFORE TAXATION .................................            37,644            176,732            261,952            294,714

PROVISION FOR INCOME ...................................            (1,273)           (36,991)            (4,716)           (49,704)
TAXES
                                                               -----------        -----------        -----------        -----------
NET INCOME .............................................       $    36,371        $   139,741        $   257,236        $   245,010

UNREALIZED LOSS ON INVESTMENTS .........................            (8,200)                 0             (3,889)                 0
AVAILABLE FOR SALE

                                                               -----------        -----------        -----------        -----------
COMPREHENSIVE INCOME ...................................       $    28,171        $   139,741        $   253,347        $   245,010
                                                               ===========        ===========        ===========        ===========

NET INCOME PER COMMON SHARE
     Basic .............................................       $      0.01        $      0.07        $      0.07        $      0.12
     Diluted ...........................................       $      0.01        $      0.06        $      0.06        $      0.11

WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING
     Basic .............................................         3,914,663          2,098,030          3,758,412          2,068,096
     Diluted ...........................................         4,290,579          2,297,926          4,039,339          2,259,176
</TABLE>


          See accompanying Notes to Consolidated Financial Statements.


                                       4
<PAGE>

<TABLE>
<CAPTION>
                                          Multi-Link Telecommunications, Inc.
                                         Consolidated Statements of Cash Flows

                                                                                              Six Months Ended
                                                                                       -----------------------------
                                                                                       March 31             March 31
                                                                                         2000                 1999
                                                                                       --------             --------
<S>                                                                                 <C>                  <C>
CASH FLOW FROM OPERATING ACTIVITIES
NET INCOME (LOSS) ...............................................................     $   257,236      $   245,010

ADJUSTMENTS  to  reconcile  net  profit  to net
cash  generated  from  (used in) operating activities
         Depreciation and Amortization ..........................................         573,886          156,379
         Amortization of Debt Discount and Issuance Costs .......................          14,584           14,350
         Bad Debt Expense .......................................................         217,153            2,739

CHANGES IN OPERATING ASSETS & LIABILITIES
         (Increase)/Decrease in Accounts Receivable .............................        (727,333)         (52,493)
         (Increase)/Decrease in Inventory .......................................          (3,115)             513
         (Increase)/Decrease in Prepayments .....................................         (27,363)          11,525
         Increase/(Decrease) in Accounts Payable ................................         289,127          (22,217)
         Increase/(Decrease) in Accrued Expenses and Deferred Revenue ...........      (1,056,033)        (108,070)
                                                                                      -----------      -----------
                  NET CASH (Used in)/Provided by Operating Activities ...........        (461,858)         247,736

CASH FLOW FROM INVESTING ACTIVITIES
         Purchase of Subscriber Accounts ........................................        (249,152)        (321,345)
         Purchase of Fixed Assets ...............................................      (1,052,040)         (50,723)
         Advance on Note Receivable .............................................        (313,327)               0
         Sale of Marketable Securities ..........................................       3,200,331                0
         Unrealized loss on investments .........................................          (3,889)
         Deferred Financing Costs ...............................................        (131,406)         (76,423)
         Purchase of Cashtel ....................................................        (224,000)               0
         Purchase of Hellyer Communications' Business and Assets ................      (1,454,256)               0
         Purchase of One Touch Communications' Business and Assets ..............      (1,152,060)               0
                                                                                      -----------      -----------
                  Total Cash Flow (used in) Investing Activities ................      (1,379,799)        (448,491)

CASH FLOW FROM FINANCING ACTIVITIES
         Payment of Related Party Notes Payable .................................         (17,569)        (710,657)
         Advances Under Related Party Notes Payable .............................               0           80,000
         Advances under Notes Payable ...........................................       2,626,000          300,000
         Payments of Notes Payable ..............................................      (1,071,770)        (126,206)
         Repurchase of Outstanding Shares .......................................               0           (5,721)
         Proceeds from Issuance of Common Stock .................................               0          590,000
         Customer Deposits ......................................................         130,916                0
         Net effect of pooling VoicLink .........................................          10,726                0
         Offering Costs .........................................................               0         (326,590)
                                                                                      -----------      -----------
                  Total Cash Flow (used in) provided by Financing Activities ....       1,678,303         (199,174)

INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS ..................................        (163,354)        (399,929)

Cash and Cash Equivalents at the end of the period ..............................         408,906          626,218
                                                                                      -----------      -----------
Cash and Cash Equivalents at the beginning of the period ........................     $   572,260      $   226,289
                                                                                      ===========      ===========
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION

Cash Paid for Interest ..........................................................     $    86,291      $   185,037
                                                                                      -----------      -----------
Conversion of Note Payable to Equity ............................................     $         0      $    35,000
                                                                                      -----------      -----------
Consultancy and non_compete agreements acquired for equity ......................     $   956,624      $         0
                                                                                      -----------      -----------
Business and assets of One Touch acquired for equity ............................     $ 2,020,000      $         0
                                                                                      -----------      -----------
Fixed assets purchased through debt .............................................     $ 1,105,472      $         0
                                                                                      -----------      -----------
Net liabilities assumed in business combination accounted for as a purchase .....     $   829,021      $         0
                                                                                      -----------      -----------
</TABLE>

          See accompanying Notes to Consolidated Financial Statements.


                                       5
<PAGE>


NOTES TO FINANCIAL STATEMENTS

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 and six month  periods ended March 31, 2000 are
not  necessarily  indicative  of the results  that may be expected  for the year
ended September 30, 2000.  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,
1998 and 1999.

Note 2    Basis of Consolidation

     On November 19, 1999 Multi-Link Telecommunications, Inc., through its newly
formed subsidiary,  Hellyer Communications Services, Inc., acquired the business
and  substantially  all  the  assets  of  Hellyer  Communications,  Inc.  for  a
combination of cash,  assumption of certain  liabilities and common stock valued
at $4.2  million.  Hellyer has been a provider of  business  messaging  services
since  1969,  and has over  40,000  subscribers  in  Indianapolis,  Chicago  and
Detroit.  The  transaction  was  accounted  for  using  the  purchase  method of
accounting and resulted in $2.57 million of goodwill  representing the excess of
the  purchase  price over the fair value of net assets  acquired.  The  purchase
price was $1.1 million in cash and the assumption of approximately  $2.1 million
in liabilities.  $956,000 in restricted  common stock was issued with a two-year
vesting  schedule with respect to  non-compete  and consulting  agreements  with
Jerry L. Hellyer,  the sole  shareholder of Hellyer.  The results of the Hellyer
Communications   business  have  been  consolidated  with  those  of  Multi-Link
Telecommunications, Inc. effective November 17, 1999.

     On November 29, 1999 Hellyer Communications  Services, Inc., acquired 9,416
residential  voice-messaging  accounts  from  B.F.G.  of  Illinois  Inc.,  doing
business as Cashtel,  Inc., in Chicago.  The purchase price was $255,760 in cash
and $18,832 in common  stock.   The revenues and expenses of these accounts have
been consolidated with those of Multi-Link  Telecommunications,  Inc.  effective
November 29, 1999.

     On January 6, 2000, Multi-Link Telecommunications,  Inc., through its newly
formed subsidiary,  One Touch  Communications,  Inc.,  acquired the business and
substantially  all the assets of One Touch  Communications,  Inc., a provider of
advanced voice messaging services to businesses in Raleigh,  North Carolina. The
transaction  was  accounted  for using the  purchase  method of  accounting  and
resulted in $2.84  million of goodwill representing  the excess of the  purchase
price over the fair market value of net assets acquired.  The purchase price was
$3.12  million,  $1.1  million in cash and $2.02  million in  restricted  common
stock. The sellers have agreed to hold the common stock for up to two years from
the  date  of  closing.  The  results  of  the  One  Touch  business  have  been
consolidated with those of Multi-Link Telecommunications, Inc. effective January
6, 2000.

     On March 31, 2000,  Multi-Link  Telecommunications,  Inc., acquired 100% of
the  outstanding  capital stock of VoiceLink  Inc., a provider of advanced voice
messaging  services to businesses in Atlanta,  Georgia.  The purchase  price was
$4.88  million paid through the issue of 406,488  restricted  common shares at a
price of $12.00 per share.  The  acquisition  was  accounted for as a pooling of
interests, and the results of the VoiceLink business have been consolidated with
those of Multi-Link Telecommunications, as if the two businesses had been merged
throughout  the periods  presented.  Included in net income for the three months
and six months  ended  March 31,  2000 was net income  from  VoiceLink,  Inc. of
$92,000 and $82,000,  respectively.  Included in net income for the three months
and six months  ended  March 31,  1999 was net income of  $60,000  and  $80,000,
respectively


                                       6
<PAGE>

Note 3    Notes Payable

     During the six months ended March 31, 2000  Multi-Link  Telecommunications,
Inc. drew down $1.2 million under its  five-year  term loan with Westburg  Media
Capital and $400,000 under its margin facility with  PaineWebber,  Inc. to repay
existing lease and loan facilities and provide additional working capital.

     Multi-Link  Telecommunications,  Inc.,  through its wholly owned subsidiary
Hellyer Communications  Services, Inc., also entered into two 48-month equipment
financing  facilities  at an  interest  rate of 9.25%  per  annum for a total of
$950,000  and one ten year  property  loan for  $76,000 at an  interest  rate of
10.25% per annum.  These funds were used to finance the  purchase of  additional
voice messaging equipment.

Note 4    Subsequent Events

     In April  2000,  Multi-Link  Telecommunications,  Inc.,  through its wholly
owned  subsidiaries  Hellyer  Communications   Services,   Inc.  and  One  Touch
Communications,   Inc.,  entered  into  three  48-  month  equipment   financing
facilities  for a total of $920,000 at interest rates between 9.5% and 10.5% per
annum. These funds were used to repay existing finance leases and to finance the
purchase of new voice-messaging equipment.

     Effective May 1, 2000 Multi-Link Telecommunications,  Inc., acquired 50% of
the  outstanding  capital  stock of  VoiceLink  of Florida,  Inc., a provider of
advanced  voice  messaging  services to businesses in Ft.  Lauderdale,  Florida.
VoiceLink,  Inc., a wholly owned  subsidiary of  Multi-Link  Telecommunications,
Inc., had previously owned 50% of the outstanding  share capital of VoiceLink of
Florida,  Inc. and VoiceLink of Florida,  Inc. had been  accounted for under the
equity method of  accounting.  The equity income (loss) of VoiceLink of Florida,
Inc. was not  significant  to Multi-Link  Telecommunications,  Inc. and has been
included in interest  income  (expense)  net and other  within the  consolidated
statements of operation and  comprehensive  income.  The purchase  price for the
remaining  50% of  VoiceLink  of Florida,  Inc.  was  $132,000  paid through the
issuance of 12,000  restricted  common shares of Multi-Link  Telecommunications,
Inc. at a market price of $11.00 per common share. The acquisition was accounted
for as a purchase,  and, as a result, the results of VoiceLink of Florida,  Inc.
will  be  consolidated  with  those  of  Multi-Link  Telecommunications,   Inc.,
effective May 1, 2000.

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, intensity of competition,  customer  attrition,  disruption of local
telephone  networks,   technological  obsolescence,   cost  of  technology,  the
availability of third party billing  solutions,  the  availability of financing,
our  ability  to manage  our  growth,  the  availability  and  success of future
acquisitions,  the  effects  of  regional  economic  and market  conditions  and
increases in marketing and sales costs.


                                       7
<PAGE>


OVERVIEW

     Our long-term goal is to become a significant force within the U.S. unified
messaging  service  industry,  which is predicted by analysts to be an important
market over the next few years.  At present we provide  advanced voice messaging
services to  businesses  and homes.  We plan to achieve this market  position by
acquiring voice messaging subscribers through a national industry  consolidation
plan,  and then  transitioning  our customers to unified  messaging  services as
market demand for this service increases.

     We currently provide advanced  integrated voice and fax messaging  services
for residences  and small and medium sized  businesses.  These  services  enable
businesses  to improve  the  handling  of  incoming  calls and  facilitate  more
efficient  communication between employees,  customers,  suppliers and other key
relationships of the subscriber company.

     Our revenues are primarily  derived from  receiving  fixed monthly  service
fees for voice mail,  installation  and set-up  charges  and sales of  ancillary
telecommunications  services such as paging. We recognize revenues as we deliver
services.  Annual  prepayments  by subscribers  are  recognized  over the period
covered by the prepayment on a straight-line basis.

     Our  primary  costs of  delivering  our  voice  messaging  services  to our
subscribers are our voice messaging  platforms,  maintenance costs and the costs
of interconnection to the public switched telephone network. Most of our general
and administrative  expenses are incurred in the processing and servicing of new
subscriber accounts.

     We currently sell a small portion of our services through independent sales
agents and the majority through our in-house sales force.  However, for the past
two years, the majority of our sales were made through independent sales agents.
All  salaries  and  commissions  associated  with our  in-house  sales force are
expensed as  incurred.  All  commissions  paid to  independent  sales agents for
procuring   subscribers  are  capitalized  and  amortized.   We  amortize  these
subscriber  account  acquisition  costs  over  the  estimated  economic  life of
subscriber accounts or 36 months, whichever is less.

     From inception  through  September 1998, we financed our operations and net
losses  through  factoring  of  customer  contracts  and working  capital  loans
provided by CS Capital Corp. at implied  interest  rates of up to 52% per annum.
In September  1998, we refinanced  most of our  indebtedness to CS Capital Corp.
with a five-year term loan from Westburg Media Capital LP. The Westburg loan has
an interest rate of 3% per annum over prime rate. In May 1999, we repaid all but
$10,000 of the Westburg  loan from the proceeds of our initial  public  offering
and, as a result, experienced significantly lower net interest expense in fiscal
1999 than in prior years.

     We plan to continue to increase  revenues by increasing the number of sales
agents  that offer our voice  messaging  services,  by  increasing  the range of
telecommunications  services  we  offer  to  our  customers,  and  by  acquiring
companies in the voice messaging industry.  After completing an acquisition,  we
plan to convert the operations of the acquired company to conform to our current
business model, where economically feasible.

Acquisitions

     On  January 6,  2000,  One Touch  Communications,  Inc.,  our wholly  owned
subsidiary, completed the acquisition of all of the business, assets and certain
liabilities  of One Touch  Communications,  Inc., a provider of voice  messaging
services in Raleigh,  North  Carolina.  As a result,  our  financial  statements
include the  revenues  and  expenses  of One Touch from the date of  acquisition
through March 31, 2000.


                                       8
<PAGE>


     On March 31, 2000,  we acquired  100% of the  outstanding  share capital of
VoiceLink Inc., a provider of advanced voice messaging services to businesses in
Atlanta,  Georgia.  The acquisition was accounted for as a pooling of interests,
and, as a result,  the results of the VoiceLink  business have been consolidated
with those of Multi-Link  Telecommunications,  as if the two businesses had been
merged throughout the periods presented.

Results of Operations

Quarter ended March 31, 2000 compared to quarter ended March 31, 1999.

     The results for the  quarter  ended March 31, 2000  include the results for
all the acquisitions  described above for the whole quarter. The results for the
quarter  ended  March 31,  1999 have been  restated  to include  the  results of
VoiceLink  Inc., the acquisition of which has been accounted for as a pooling of
interests.

     Net  Revenues.  Our  revenues  for the  quarter  ended  March 31, 2000 were
$3,056,000  compared to $1,114,000  for the fiscal quarter ended March 31, 1999,
an increase of 174%.  The  increase was the  combined  result of (a)  continuing
internal  growth  in our base of  customers  at  Multi-Link  in  Denver,  and an
increase in the price charged by us for certain messaging services at our Denver
operation in July 1999 that generated 26% internal growth-$131,000,  and (b) the
inclusion of revenues from the various acquisitions described above-$1,811,000.

     Cost of Services and Products. Cost of services and products for the fiscal
quarter ended March 31, 2000 was  $622,000,  compared to $209,000 for the fiscal
quarter ended March 31, 1999,  an increase of 197%.  The increase was the result
of the various acquisitions described above.

     Gross Profit  Margin.  Gross margin for the fiscal  quarter ended March 31,
2000 was $2,434,000  compared to $904,000 for the fiscal quarter ended March 31,
1999, an increase of 169% due to the factors described above.

     Gross Profit Margin  Percentage.  The overall gross profit margin  declined
from 81% for the three  months  ended March 31, 1999 to 80% for the three months
ended March 31, 2000. The slight decline results from the change in our business
mix as a result of the various  acquisitions  detailed  above.  Our gross profit
margin on automated  business messaging services is higher than the gross profit
margin on business live answering and residential automated messaging services.

     Sales and  Advertising  Expense.  Sales and  advertising  expenses  for the
fiscal  quarter ended March 31, 2000 were  $405,000  compared to $85,000 for the
fiscal quarter ended March 31, 1999, an increase of 376%. This increase resulted
from  the  inclusion  of  sales  and  advertising   expenses  from  the  various
acquisitions  described above and the opening of our new  residential  telesales
center at a cost of $92,000.

     General and Administrative  Expenses.  General and administrative  expenses
for the fiscal quarter ended March 31, 2000 were $1,528,000 compared to $464,000
for the fiscal  quarter  ended March 31, 1999.  This increase of 229% was due to
(a) the costs associated with our becoming a public company,  including investor
relations  expenses,  transfer agent fees,  legal fees,  accounting  fees, other
professional expenses, and increases in management salaries-$148,000 and (b) the
inclusion of general and administrative  expenses from the various  acquisitions
described   above,   including   a  broad   based   reorganization   at  Hellyer
Communications Services, Inc.-$721,00.



                                       9
<PAGE>


     EBITDA - Earnings Before Interest,  Tax,  Depreciation,  and  Amortization.
EBITDA for the fiscal  quarter  ended  March 31, 2000 was  $501,000  compared to
$355,000 for the fiscal  quarter  ended March 31, 1999,  an increase of 41%. The
increase is the result of the  inclusion  of the various  acquisitions  detailed
above. "EBITDA" reflects net income or loss plus depreciation,  amortization and
interest expense,  income taxes and other non-cash charges.  EBITDA is a measure
used by analysts and investors as an indicator of operating cash flow because it
excludes the impact of movements in working capital items,  non-cash charges and
financing costs. However, EBITDA is not a measure of financial performance under
generally  accepted  accounting  principles  and  should  not  be  considered  a
substitute for other financial measures of performance.

     Depreciation of Equipment. Depreciation expense in the fiscal quarter ended
March 31, 2000 was  $106,000  compared to $36,000 for the fiscal  quarter  ended
March  31,  1999.  This  increase  of 194%  was due to  increased  purchases  of
equipment and the inclusion of the various acquisitions described above.

     Amortization.  Amortization was $271,000 for the fiscal quarter ended March
31, 2000 compared to $50,000 for the fiscal  quarter ended March 31, 1999.  This
increase of 442% was due to (a) continued  customer  account  purchases from our
base of  independent  sales  agents in the  Denver  area,  (b)  amortization  of
goodwill on the various acquisitions described above and (c) the amortization of
the non  compete  agreement  and  consulting  agreement  with  Jerry L.  Hellyer
relating to the Hellyer acquisition.

     Income (Loss) from Operations.  Income from operations was $124,000 for the
fiscal  quarter ended March 31, 2000 compared to $269,000 for the fiscal quarter
ended March 31, 1999, a decrease of 54% due to the factors described above.

     Net Interest Income (Expense). Net interest income (expense) for the fiscal
quarter ended March 31, 2000 was $(86,000)  compared to $(92,000) for the fiscal
quarter ended March 31, 1999, a decrease of 7%.

     Net Income (Loss) and Comprehensive Income (Loss). We achieved a net income
of $36,000 for the three months  ended March 31, 2000,  compared to a net income
of $140,000 for the three months ended March 31, 1999, a decrease of 74%, due to
the factors outlined above. The comprehensive  income for the three months ended
March 31, 2000 was  $28,000,  $8,000  less than the net income of  $36,000.  The
difference of $8,000 relates to an increase in the level of unrealized losses on
our  portfolio of  marketable  securities,  which are held as available for sale
investments.  The net income and comprehensive income were the same in the three
months  ended March 31, 1999.

Six Months ended March 31, 2000 compared to Six Months ended March 31, 1999.

     The results for the six months ended March 31, 2000 include the results for
the acquisitions described above for the periods stated. The results for the six
months  ended  March 31,  1999 have been  restated  to  include  the  results of
VoiceLink  Inc., the acquisition of which has been accounted for as a pooling of
interests.

     Net  Revenues.  Our  revenues  for the six months ended March 31, 2000 were
$5,149,000  compared to  $2,201,000  for the six months ended March 31, 1999, an
increase  of 134%.  The  increase  was the  combined  result  of (a)  continuing
internal  growth  in our base of  customers  at  Multi-Link  in  Denver,  and an
increase in the price charged by us for certain messaging services at our Denver
operation in July 1999 that generated 27% internal growth-$276,000,  and (b) the
inclusion of revenues from the various acquisitions described above-$2,672,000.

     Cost of Services  and  Products.  Cost of services and products for the six
months  ended March 31, 2000 was  $1,060,000,  compared to $399,000  for the six
months ended March 31, 1999, an increase of 166%. The increase was the result of
the various acquisitions described above.


                                       10
<PAGE>


     Gross Profit  Margin.  Gross margin for the six months ended March 31, 2000
was  $4,089,000  compared to $1,802,000 for the six months ended March 31, 1999,
an increase of 127% due to the factors described above.

     Gross Profit Margin  Percentage.  The overall gross profit margin  declined
from 82% for the six months ended March 31, 1999 to 79% for the six months ended
March 31,  2000.  The  decline  comes from the change in our  business  mix as a
result of the various  acquisitions  detailed above.  Our gross profit margin on
automated  business messaging services is higher than the gross profit margin on
business live answering and residential automated messaging services.

     Sales and Advertising  Expense.  Sales and advertising expenses for the six
months  ended March 31,  2000 were  $630,000  compared  to $187,000  for the six
months ended March 31, 1999, an increase of 237%.  This  increase  resulted from
the inclusion of sales and  advertising  expenses from the various  acquisitions
described  above and the opening of our new  residentail  relesales  center at a
cost of $178,000.

     General and Administrative  Expenses.  General and administrative  expenses
for the six months ended March 31, 2000 were $2,514,000 compared to $954,000 for
the six months  ended March 31, 1999.  This  increase of 164% was due to (a) the
costs  associated  with  our  becoming  a  public  company,  including  investor
relations  expenses,  transfer agent fees,  legal fees,  accounting  fees, other
professional expenses and increases in management salaries-$241,000, and (b) the
inclusion of general and administrative  expenses from the various  acquisitions
described   above,   including   a  broad   based   reorganization   at  Hellyer
Communications Services, Inc.-$1,226,000.

     EBITDA - Earnings Before Interest,  Tax,  Depreciation,  and  Amortization.
EBITDA for the six months ended March 31, 2000 was $946,000 compared to $661,000
for the six months ended March 31, 1999, an increase of 43%. The increase is the
result of the inclusion of the various  acquisitions  detailed  above.  "EBITDA"
reflects  net  income  or loss  plus  depreciation,  amortization  and  interest
expense,  income taxes and other non-cash  charges.  EBITDA is a measure used by
analysts  and  investors  as an  indicator  of  operating  cash flow  because it
excludes the impact of movements in working capital items,  non-cash charges and
financing costs. However, EBITDA is not a measure of financial performance under
generally  accepted  accounting  principles  and  should  not  be  considered  a
substitute for other financial measures of performance.

     Depreciation  of  Equipment.  Depreciation  expense in the six months ended
March 31, 2000 was  $167,000  compared to $69,000 for the six months ended March
31, 1999. This increase of 142% was due to increased  purchases of equipment and
the inclusion of the various acquisitions described above.

     Amortization.  Amortization was $407,000 for the six months ended March 31,
2000 compared to $88,000 for the six months ended March 31, 1999.  This increase
of 363% was due to (a) continued  customer  account  purchases  from our base of
independent sales agents in the Denver area, (b) amortization of goodwill on the
various acquisitions described above and (c) the amortization of the non compete
agreement and consulting agreement with Jerry L. Hellyer relating to the Hellyer
acquisition.

     Income (Loss) from Operations.  Income from operations was $372,000 for the
six months  ended March 31, 2000  compared to $505,000  for the six months ended
March 31, 1999, a decrease of 26% due to the factors outlined above.



                                       11
<PAGE>


     Net Interest Income  (Expense).  Net interest income  (expense) for the six
months ended March 31, 2000 was  $(110,000),  compared to $(210,000) for the six
months ended March 31, 1999, a decrease of 48%. The decrease was attributable to
the significantly  lower levels of debt after our initial public offering in May
1999.

     Net Income (Loss) and Comprehensive Income (Loss). We achieved a net income
of $257,000 for the six months ended March 31, 2000, compared to a net income of
$245,000 for the six months  ended March 31, 1999,  an increase of 5% due to the
factors outlined above. The comprehensive  income for the six months ended March
31,  2000 was  $253,000,  $4,000  less  than the net  income  of  $257,000.  The
difference of $4,000 relates to an increase in the level of unrealized losses on
our  portfolio of  marketable  securities,  which are held as available for sale
investments. The net income and comprehensive income were the same in the fiscal
six months ended March 31, 1999.

Liquidity and Capital Resources

     We continue to meet our capital requirements through (a) cash provided from
operations,  (b) funds provided from our May 1999 initial public offering, (c) a
$2.1 million line of credit provided by Westburg Media Capital,  and (d) various
long term equipment leasing facilities.

     As of March 31, 2000 we were current on our  obligations to all lenders and
in compliance  with all debt  covenants.  As of March 31, 2000, we had available
cash of $409,000, marketable investments of $653,000, and available undrawn loan
facilities of $940,000.

     For the six months  ended  March 31, 2000 net cash used in  operations  was
approximately $(462,000) compared to net cash provided by operations of $248,000
for the six months ended March 31, 2000. The majority of this $710,000  variance
arises from a one time increase in accounts receivable at Hellyer Communications
Services,  Inc.  on  the  introduction  of  a  third  party  billing  agent  for
residential  customers  that results in a four month delay in receiving  payment
from  Ameritech.  Net cash used in investing  activities in the six months ended
March 31,  2000 for the  purchase of the  Hellyer  Communications  and One Touch
Communications  businesses,  subscriber  accounts (including those acquired from
B.F.G. of Illinois Inc.) and fixed assets,  less the proceeds  realized from the
sale of marketable  securities was  $(1,380,000)  compared to $(448,000) for the
six months  ended March 31,  1999.  During the six months  ended March 31, 2000,
financing  activities  generated  $1,257,000  of net cash  from the draw down of
$1,200,000  from the Westburg  Media  Capital loan  facility,  $400,000 from the
PaineWebber margin facility and $1,026,000 from new asset financing  facilities,
less the repayment of $1,072,000 of existing leasing facilities, compared to the
six months ended March 31, 1999 where financing  activities used $199,000 of net
cash in largely in the repayment of outstanding notes payable.

     We anticipate  that our existing cash  balances and  marketable  securities
together  with  internally  generated  funds from  operations  and the  Westburg
revolving term loan will be sufficient to meet our presently projected operating
requirements for the next 12 months.

     We plan to continue  our  industry  consolidation  plan and to acquire more
companies  involved in the  messaging  industry.  It is likely that we will seek
additional debt and equity  financing to support our  acquisition  programs over
the next twelve months.

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.



                                       12
<PAGE>


Year 2000 Issue

     We did not  experience  any year 2000  problems  with any of our  operating
software or voice messaging equipment. To the best of our knowledge, none of our
suppliers have experienced any year 2000 problems in providing us with the goods
and services that we require from them.  We did not incur any material  costs in
preparing for year 2000 compliance.








































                                       13
<PAGE>


PART II   OTHER INFORMATION

Item 1.   Legal Proceedings.

          The Company is not a party to any legal proceedings.

Item 2.   Changes in Securities.

          Recent Sales of Unregistered Securities

               On January  6, 2000 One Touch  Communications,  Inc.,  our wholly
          owned  subsidiary,  completed the  acquisition of all of the business,
          assets and certain liabilities of One Touch  Communications,  Inc. and
          we agreed to issue 246,718  shares of our common stock to One Touch as
          partial  consideration  for the  acquisition.  The issuance was exempt
          from registration under the Securities Act pursuant to Section 4(2) of
          the Securities Act and/or Rule 506 under the Securities Act. One Touch
          represented  that it was an  "accredited  investor"  as  that  term is
          defined in Rule 501 under the  Securities  Act. No  underwriters  were
          engaged in connection with such issuances.

               In March 2000, we issued  warrants to purchase  150,000 shares of
          our common stock at various  exercise prices between $14.00 and $25.00
          per share to Genesis Select, Inc. in connection with advisory services
          to be provided in connection with the identification of an underwriter
          for a secondary  public  offering.  The  warrants  become  exercisable
          immediately  upon  the  successful  completion  of  an  offering.  The
          expiration  date of the warrants is March 20, 2002.  In the event that
          an offering is not  successfully  completed before September 20, 2000,
          we may cancel the  warrants.  We issued the warrants in reliance  upon
          the  exemption  from  registration  provided  by  Section  4(2) of the
          Securities Act. No  underwriters  were engaged in connection with such
          issuances.

               On March 30, 2000, we issued  390,216  shares of our common stock
          to Mr. L. Van Page,  and  16,272  shares  to Mr.  Larry  Mays upon our
          acquisition of 100% of the outstanding common shares of VoiceLink Inc.
          The issuance was exempt from  registration  under the  Securities  Act
          pursuant to Section 4(2) of the  Securities  Act and/or Rule 506 under
          Securities  Act.  Both   stockholders   represented   that  they  were
          "accredited  investors"  as that term is defined in Rule 501 under the
          Securities Act. No  underwriters  were engaged in connection with such
          issuances.

          Use of Proceeds from Registered Securities

               On May 14, 1999, the registration  statement filed by us relating
          to our initial public offering was declared effective by the SEC (File
          No. 333-72889).  Pursuant to the registration statement, we registered
          the sale of  1,380,000  units,  each  comprised of one share of common
          stock and one warrant. We received total gross proceeds of $8,280,000.
          We paid  underwriting  discounts and  commissions  and expenses to the
          underwriters of $1,076,400. In addition, we paid other expenses of the
          offering  of  approximately  $344,200.  The total net  proceeds  minus
          expenses were $6,859,400.

               Since  completion of the offering  through  December 31, 1999, we
          have paid:  $2,140,000 to Westburg  Media Capital L.P. to pay down the
          outstanding  balance  of the  revolving  loan;  $1,057,000  as partial
          consideration  for the  acquisition  of Hellyer  Communications,  Inc;
          $698,000 to repay a portion of Hellyer's  liabilities that we assumed,
          and to pay other costs associated with the transaction; $304,000 as an
          advance under a note  receivable  from Jerry L.  Hellyer;  $224,000 as




                                       14
<PAGE>


          partial consideration for the acquisition of the subscribers of B.F.G.
          of  Illinois,  Inc.,  $1,100,000  as  partial  consideration  for  the
          acquisition  of the business  and assets of One Touch  Communications,
          Inc. and approximately $1,500,000 for capital expenditures and general
          corporate purposes.

Item 3.   Defaults upon Senior Securities.

          None.

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

     On  March  22,  2000  we held  our  Annual  Meeting  of  Shareholders.  Our
shareholders  (i)  elected  Keith R.  Holder  and R. Brad  Stillahn  to serve as
directors  until 2003,  (ii) approved an amended and restated stock option plan,
(iii) approved an amendment to our articles of incorporation,  and (iv) ratified
the appointment of Hein + Associates LLP as our independent  auditors.

1.   Election of Directors

                                                    VOTES AGAINST      BROKER
NAME                            VOTES FOR            OR WITHHELD      NON-VOTES
--------------------------------------------------------------------------------
Keith R. Holder  . . . . . .    3,306,662                840             0
R. Brad Stillahn . . . . . .    3,306,662                840             0


2.   Approval of Amended and Restate Stock Option Plan

                           VOTES AGAINST                              BROKER
VOTES FOR                   OR WITHHELD        ABSTENTIONS           NON-VOTES
------------------------------------------------------------------------------
2,603,033                      6,340             15,750               682,379


3.   Approval of Amendment to the Restated Articles of Incorporation

                           VOTES AGAINST                              BROKER
VOTES FOR                   OR WITHHELD        ABSTENTIONS           NON-VOTES
------------------------------------------------------------------------------
2,607,833                      4,240             13,050               682,379


4.   Ratification of Appointment of Hein + Associates LLP

                           VOTES AGAINST                              BROKER
VOTES FOR                   OR WITHHELD        ABSTENTIONS           NON-VOTES
------------------------------------------------------------------------------
3,304,266                      1,236              2,000                  0


Item 5.   Other Information.

          None.



                                       15
<PAGE>


Item 6.   Exhibits and Reports on Form 8-K.

          a.   Exhibits.

               27.1     Financial Data Schedule

          b.   Reports on Form 8-K.

               On  January  20,  2000 we filed a Form 8-K under Item 2 to report
               the acquisition of the assets of One Touch  Communications,  Inc.
               by our wholly owned subsidiary.

               On  February  1,  2000  we  filed  a  Form  8-K/A   amending  and
               supplementing Item 7 of our filing on Form 8-K dated November 19,
               1999   reporting  the   acquisition  of  the  assets  of  Hellyer
               Communications, Inc. by our wholly owned subsidiary.

               On  March  20,   2000  we  filed  a  Form  8-K/A   amending   and
               supplementing  Item 7 of our filing on Form 8-K dated January 20,
               2000  reporting  the  acquisition  of the  assets  of  One  Touch
               Communications, Inc. by our wholly owned subsidiary.



                                   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: May 15, 2000                        /s/ Nigel V. Alexander
------------------                        --------------------------------------
                                          Nigel V. Alexander,
                                          Chief Executive Officer.



Date: May 15, 2000                        /s/ Shawn B. Stickle
------------------                        --------------------------------------
                                          Shawn B. Stickle,
                                          President and Chief Operating Officer.



Date: May 15, 2000                        /s/ David J. C. Cutler
------------------                        --------------------------------------
                                          David J.C. Cutler,
                                          Chief Financial Officer.




                                       16