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

                                    FORM 10-KSB

 (Mark one)
            ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      X     SECURITIES EXCHANGE ACT OF 1934
                    For the fiscal year ended December 31, 2007
                                         Or
      |_|   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
            EXCHANGE ACT OF 1934
      For the transition period from                to                 .
                       Commission file number- 033-20033-D
                          INTERLINK GLOBAL CORPORATION

                  NEVADA                                   42-1655043
     (State or other jurisdiction of        (I.R.S. Employer Identification No.)
      incorporation or organization)
            1100 NW 163 Drive
              Miami, Florida
      (Address of principal executive                        33169
                 offices)                                 (Zip Code)

                   (Issuer's Telephone Number) (305) 261-2007

         Securities registered under Section 12(g) of the Exchange Act:
                                                     Name of each exchange
           Title of each class                        on which registered
--------------------------------------    --------------------------------------
 Common Stock, par value $0.001 per share                    None



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|

Check if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B
is not contained in this form, and no disclosure will be contained, to the best
of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. |_|


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

The issuer's gross revenue for fiscal year ended December 31, 2007, was:
$9,897,748


State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by referenced to the price at which the common equity
was sold, or the average bid and asked price of such common equity, as of a
specific date within the past 60 days. (See definition of affiliates in rule
12b-2 of the Exchange Act).


 Note: If determining whether a person is an affiliate will involve an
unreasonable effort, the issuer may calculate the aggregate market value of the
common equity held by non-affiliates on the basis of reasonable assumptions, if
assumptions are stated.

  As of March 15, 2008 the issuer had 47,848,9220 shares of its common stock
issued and outstanding.


<PAGE>

                       DOCUMENTS INCORPORATED BY REFERENCE

The issuer has not incorporated by reference into this annual report: (1) any
annual report to the issuer's securities holders, (2) any proxy or information
statement, or (3) any Annual Report on Form 10-KSB filed pursuant to Rule 424(b)
or (c) of the Securities Act.


Transitional Small Business Disclosure Format (Check one): Yes |_| No |X|




                          Interlink Global Corporation
                   FISCAL YEAR 2007 FORM 10-KSB ANNUAL REPORT

                                      INDEX

                                     PART I                                 Page

 Item 1.   Description of Business                                            1
 Item 2.   Description of Property                                            14
 Item 3.   Legal Proceedings                                                  15
 Item 4.   Submission of Matters to a Vote of Security Holders                15
                                     PART II

 Item 5.   Market for Common Equity and Related Stockholder Matters           15
 Item 6.   Management's Discussion and Analysis or Plan of Operation          16
 Item 7.   Financial Statements                                               17
 Item 8.   Changes in and Disagreements with Accountants on Accounting        19
           and Financial Disclosure

 Item 8/A. Controls and Procedures                                            19
 Item 8/B. Other Information                                                  19
                                    PART III

 Item 9.   Directors, Executive Officers, Promoters and Control Persons;      20
           Compliance with Section 16(a) of the Exchange Act
 Item 10.  Executive Compensation                                             23
 Item 11.  Security Ownership of Certain Beneficial Owners and Management
           and Related Stockholder Matters                                    24
 Item 12.  Certain Relationships and Related Transactions                     25
 Item 13.  Exhibits                                                           25
 Item 14.  Principal Accountant Fees and Services                             25

 Signatures                                                                   26

 Certifications                                                               28


                                                                               2
<PAGE>




                SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS



In this annual report we make a number of statements, referred to as
"forward-looking statements", which are intended to convey our expectations or
predictions regarding the occurrence of possible future events or the existence
of trends and factors that may impact our future plans and operating results.
These forward-looking statements are derived, in part, from various assumptions
and analyses we have made in the context of our current business plan and
information currently available to us and in light of our experience and
perceptions of historical trends, current conditions and expected future
developments and other factors we believe to be appropriate in the
circumstances. You can generally identify forward-looking statements through
words and phrases such as "seek", "anticipate", "believe", "estimate", "expect",
"intend", "plan", "budget", "project", "may be", "may continue", "may likely
result", and similar expressions. When reading any forward looking statement you
should remain mindful that all forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions concerning
future events or future performance of our company, and that actual results or
developments may vary substantially from those expected as expressed in or
implied by that statement for a number of reasons or factors, including those
relating to:

     o    our ability to design and market our future products;
     o    our ability to protect our intellectual property rights and operate
          our business without infringing upon the intellectual property rights
          of others;
     o    whether or not markets for our products develop and, if they do
          develop, the pace at which they develop;
     o    our ability to attract the qualified personnel to implement our growth
          strategies,
     o    our ability to develop sales and distribution capabilities;
     o    the accuracy of our estimates and projections;
     o    our ability to fund our short-term and long-term financing needs;
     o    changes in our business plan and corporate strategies; and
     o    other risks and uncertainties discussed in greater detail in the
          sections of this annual report, including those captioned "Risk
          Factors" and "Management's Discussion And Analysis."

Each forward-looking statement should be read in context with, and with an
understanding of, the various other disclosures concerning our company and our
business made elsewhere in this annual report as well as other public reports
filed with the United States Securities and Exchange Commission (the "SEC"). You
should not place undue reliance on any forward-looking statement as a prediction
of actual results or developments. We are not obligated to update or revise any
forward-looking statement contained in this annual report to reflect new events
or circumstances unless and to the extent required by applicable law.

We require additional financing to sustain our operations and without it we may
not be able to continue operations.

We will need additional funds to continue our operations and such additional
funds may not be available when required. Our inability to raise additional
working capital at all or to raise it in a timely manner would negatively impact
our ability to fund our operations, to generate revenues, and to otherwise
execute our business plan, leading to the reduction or suspension of our
operations and ultimately our going out of business.


                                                                               3
<PAGE>

PART I

Item 1 Description of Business

History and Development of the Company

We were incorporated in Utah on November 20, 1987. In August of 1992, our
Company acquired privately-held, Infinity Worldwide Trading Corp., a New York
company, and changed our name to Infinity Worldwide, Inc. However, our Company
was inactive from 1994 until January 12, 2005, when Infinity Worldwide, Inc.
effectuated a merger with Interlink Global Corp. (the Company), a Florida
corporation. In February 2005, pursuant to the merger agreement, we effected a 1
share for 3 shares reverse stock split and issued a net total of 13,149,680
restricted shares of common stock, recorded at par value, to the shareholders of
Interlink Global Corp., the Florida corporation. Retroactive effect of the
reverse stock split and the merger has been reflected in this report. The share
exchange reorganization and merger allowed Interlink Global Corp. to become a
wholly-owned subsidiary of Infinity Worldwide, Inc., a publicly-held shell
company. From and after the closing of the reorganization and merger, our
principal asset became Interlink Global Corp. Simultaneously, we reincorporated
in Nevada and the holding company named Infinity Worldwide, Inc. was changed to
Interlink Global Corporation ("Interlink").
The Company, was organized in Florida in November 2004. Our corporate offices
are located at 1100 NW 163rd Drive, No. Miami, FL 33169. Our telephone number is
(305) 261-2007. Our website address is http://www.interlink-global.com.
Information contained in our website is not a part of this report on Form
10-KSB.
On March 15, 2006, Interlink acquired Communication Networks Holdings, Ltd.,
(CNH). The acquisition included CNH's ownership of all issued and outstanding
capital stock of Telecomunicaciones NGTV, S.A., (NGTV) a Venezuelan corporation
engaged in the provision of telecommunication services (NGTV).
On November 3, 2006, Interlink acquired 66% of MetroIP Colombia S.A. (MetroIP),
a Comlombian telecommunication company located in Barranquilla, Colombia.

OUR BUSINESS

General

We are a provider of private and public telecommunications network and Internet
services. We offer integrated data, voice, data center and Internet solutions,
with an emphasis on broadband transmission, for national and multinational
companies, financial institutions, governmental agencies and other business
customers, as well as private and residential customers. We provide
telecommunications, data center and Internet services through our networks,
which consist of owned microwave backbone and wireless links, teleports, data
centers, earth stations and leased fiber optic and satellite links.

We consult with potential business and residential customers to assist them in
the selection of a service plan based on their anticipated usage and internet
requirements. Subscribers can select one or more telephone numbers in any rate
center where we provide service. All residential customer packages include
various services, including voice mail, caller ID, call waiting, web-based
account management and billing and various other services. Business customers
enjoy the following additional features: auto attendant, extension-to-extension
dialing, call hunt, conference bridging, and business class voicemail.

Economic and political conditions in Latin America pose numerous risks to our
operations.

We expect that a large part of our revenues will be derived from operations in
Latin America, where we have significant operations.

Since our shares are thinly traded and trading on the OTC bulletin board may be
sporadic because it is not an exchange, you may have difficulty reselling your
shares of our common stock.

Interlink Global common stock is quoted on the OTC Bulletin Board and is thinly
traded.


                                                                               4
<PAGE>

General (continued)

We do not anticipate paying any cash dividends in the foreseeable future, which
may reduce your return on an investment in our common stock.

We plan to use any of our earnings, to the extent we have earnings, to fund our
operations.

We are controlled by our principal stockholders, executive officers and
directors, and as a result, the trading price for our shares may be depressed
and these stockholders can take actions that may be adverse to your interests.

As of December 31, 2006, our founder, Anastasios Kyriakides, beneficially owns
approximately 18.44% of our common stock. This stockholder, will have the
ability to exert substantial influence over all matters requiring approval by
our stockholders, including the election and removal of directors and any
proposed merger, consolidation or sale of all or substantially all of our
assets.

We are subject to the penny stock rules. These rules may adversely affect
trading in our common stock.

Our common stock is a "low-priced" security under the "penny stock" rules
promulgated under the Securities Exchange Act of 1934. In accordance with these
rules, broker-dealers participating in transactions in low-priced securities
must first deliver a risk disclosure document which describes the risks
associated with such stocks, the broker-dealer's duties in selling the stock,
the customer's rights and remedies and certain market and other information.

Products and Services

Business and Residential Calling Plans

Business and residential customers select a service plan based on their
anticipated usage and enter into a service agreement with Interlink. Our service
plans provide for unlimited calls to other Interlink customers worldwide and
various levels of usage (fixed number of minutes or unlimited) for calls to
Publicly Switched Telephone Network (PSTN) phones in North America and Canada
and international regions (Latin American, European and Asia-specific). Calls in
excess of a selected limit are charged on a per-minute basis.


Subscribers can select one or more telephone numbers in any rate center where
Interlink provides service, anywhere in the world.(1) All Interlink customer
packages include voice mail, caller ID, call waiting, simultaneous ringing,
multi-phone call forwarding, call transfer, inbound call blocking, missed call
logging, call return, repeat dialing, call rerouting, outbound international
PSTN call block, and web-based account management and billing at no additional
cost. Business customers are provided the following additional features: auto
attendant, extension-to-extension dialing, call hunt, conference bridging, and
business class voicemail.


Depending on the selected service plan and promotions in effect, Interlink may
sell at a discount or provide at no cost an analog telephone adapter for
residential customers to use with the Company's service. For small businesses,
Interlink can offer "virtual PBX" services. For large business customers,
Interlink offers hardware and software to directly connect to their existing PBX
system.




----------
1 However, extra charges may apply based on the location of the selected tariff
zone, the applicability of local tolls in that zone, and any interprovider
contractual restrictions that may exist.


                                                                               5
<PAGE>

Products and Services (continued)




We offer US customers the ability to retain their existing phone number when
they switch to Interlink, subject to service availability in their current
number's tariff zone.

Our failure to acquire, integrate and operate new technologies could harm our
competitive position

The telecommunications industry is characterized by rapid and significant
technological advancements and the introduction of new products and services. We
do not possess significant intellectual property rights with respect to the
technologies we use and are dependent on third parties for the development of
and access to new technology.

We cannot predict the effect of technological changes, such as changes relating
to emerging wire line and wireless transmission technologies and the use of the
Internet for traditional voice, data or other broadband services, on our
business. In addition, it is not possible for us to predict with any certainty
which emergent technology relevant to our business will prove to be the most
economic, efficient or capable of attracting new customers.


 Wholesale Calling Plans

Wholesale customer relationships are negotiated on a case-by-case basis and
dependent on the call volume, desired features, implementation requirements, and
marketing issues (white label versus co-branded) of other broadband telephony
carriers such as IDT, Dollar Phone and Ntera.

Wholesale PSTN Termination

We also provide wholesale PSTN termination (i.e., connecting calls to users on
the PSTN) for other broadband telephony providers in any location where we
establish a trunking gateway to reduce our operating costs associated with PSTN
termination.

Call Termination to Our Customers

We have a payment structure which permits us to receive payment for long
distance calls terminated to our customers, regardless of whether they originate
from the PSTN or another broadband telephony provider.

Implementation Services

In addition to the calling plans, Interlink also offers an array of
implementation services for wholesale and large enterprise customers so that
they can integrate Interlink service into their telecommunications network or
company. Because we intend to automate system integration as much as possible,
we believe that integration services will likely remain a negligible revenue
stream.

Internet Connectivity

In addition to the calling plans, Interlink also offers wireless internet
connectivity in both Colombia and Venezuela (and will soon offer the service in
Ecuador) through our own subsidiary wireless infrastructure. This service is
provided to large enterprise customers, as well as small business and
residential customers so that they may have a better connectivity offer than
that, which can be obtained from the traditional incumbent providers.


                                                                               6
<PAGE>

Products and Services (continued)


Satellite  Connectivity

Interlink also offers satellite connectivity through is satellite hub in Miami,
Florida, in the United States (US). Through this hub (and with appropriate
equipment on the remote side) the Company can offer satellite connectivity to
almost anywhere in the world.

Our 9.3 meter dish satellite can service half the US, Europe, all of Africa, and
all of Latin America and Caribbean. We can service 500 clients (depending on
site customer equipment, a customer can have as many as 30 E1/T1 connections).
It has its own outdoors containment hub and power backup.

Data Transmission Services

We offer our customers a broad range of end-to-end network service combinations
for their point to-point and point-to-multipoint telecommunications needs,
ranging from simple connections to customized private network solutions. We
offer our network services over our proprietary and leased networks, which are
comprised of microwave wireless networks, leased lines, fiber optic lines, and
satellite links.

Industry Background

Residential Wire Line Communications Market
-------------------------------------------


Residential wire line communications services historically have been offered to
consumers by a variety of operators, including traditional local and long
distance telephone providers such as AT&T (formerly SBC Communications),
BellSouth, Citizens Communications Corp., Qwest, Sprint Nextel and Verizon.
However, the competition for residential consumers has increased significantly.
In recent years, many cable television service providers added telephone service
to their offerings. Improvements in wireless technology have allowed a number of
wireless communications providers, many of which are owned by traditional
telephone operators, to capture a share of the residential telephone service
market, as many former wire line customers have begun to make wireless their
sole telephone service. Most recently, improvements in Voice over Internet
Protocol, or VoIP, networks, which allow for the transmission of voice signals
as digital data over a broadband Internet connection and in many cases require
only modest capital investment to build, have created even more competition in
the market. A new group of competitors, including start-up companies similar to
ours, and existing cable, telephone and Internet providers, now use VoIP to
offer telephone service to residential customers.


While the information listed above discusses the US market, third party analysts
generally agree that the rest of the world is encountering similar or higher
market growth. With the exception of South Korea and Japan (both of which far
exceed the growth patterns herein), we believe that the relative numbers shown
herein (adjusted for population) are indicative of the true market size that we
have available in the various countries where we operate, or plan to operate.


                                                                               7
<PAGE>

The Growth in Broadband Adoption in the Home
--------------------------------------------




VoIP communications are carried as data packets and require a broadband Internet
connection that has sufficient bandwidth to deliver the data uninterrupted. As a
result, broadband penetration has been a key driver of VoIP's expansion to date.
As the Internet has become a bigger part of people's lives and advanced
applications have come to require greater bandwidth, broadband use has become
more widespread. We estimate that the number of US households using broadband
Internet access will grow from 30 million, or 28% of total US households, at the
end of 2004 to 69 million, or 61% of total US households, by the end of 2009.
Currently, residential broadband consumers access the Internet principally
through cable modems and digital subscriber lines, or DSL, which we estimate
accounted for approximately 58% and 39% of 2004 consumer broadband subscribers
in the US, respectively. However, an increasing array of alternative broadband
access technologies, such as wireless broadband and broadband over power lines,
is becoming available. The availability of these alternatives is expected to
further encourage future broadband deployment and penetration both in the US and
worldwide.


Independent industry analysts expect the worldwide broadband market to
experience similar trends to those experienced in the US. For example, we
believe that the worldwide broadband market will grow from 146 million
subscribers at the end of 2004 to 317 million by the end of 2009. These reports
cite Europe and Asia in particular as areas that have attractive growth
prospects. We estimate that European broadband subscriptions, which were 40
million at the end of 2004, will grow to 92 million by the end of 2009. We also
estimate broadband subscriptions in the Asia/Pacific region, which were 61
million at the end of 2004, will grow to 116 million by the end of 2009.
(Because of Interlink geographical focus, we should include statistics and
forecasts regarding Latin America's broadband market potential)


We believe the rapid deployment of broadband access in the US and abroad will
continue to enable the accelerated adoption of VoIP communications.


VoIP Communications and Providers
---------------------------------


One of the outgrowths from the rapid deployment of broadband connectivity in the
US and abroad has been the accelerated adoption of VoIP. Independent industry
analysts have noted that the historical adoption of VoIP to date indicates that
it may follow a future growth trajectory equal to or greater than that of the
expansion of broadband access to the Internet.


VoIP is a technology that enables voice communications over the Internet through
the conversion of voice signals into data packets. The data packets are
transmitted over the Internet and converted back into voice signals before
reaching their recipient. The Internet uses packet-switched technology to
transmit information between two communicating terminals. For example, packet
switching allows a personal computer to download a page from a web server or to
send an e-mail message to another computer. VoIP allows for the transmission of
voice signals over these same packet switched networks and, in doing so,
provides an alternative to traditional telephone networks.


VoIP technology presents several advantages over the technology used in
traditional wire line telephone networks that enable VoIP providers to operate
with lower capital expenditures and operating costs while offering both
traditional and innovative service features. Traditional networks, which require
that each user's telephone be connected to a central office circuit switch, are
expensive to build and maintain. In contrast, VoIP networks route calls over the
Internet using either soft switches or software, both of which are less
expensive than circuit switches. In addition, traditional wire line networks use
dedicated circuits that allot fixed bandwidth to a call throughout its duration,
whether or not the full bandwidth is being used throughout the call to transmit
voice signals. VoIP networks use bandwidth more efficiently, allocating it
instead based on usage at any given moment. VoIP technology also presents the
opportunity to offer customers attractive features that traditional telephone
networks cannot easily support, such as online call management and
self-provisioning (the ability for customers to change or add service features
online).


                                                                               8
<PAGE>

VoIP Communications and Providers (continued)




Traditional telephone companies originally avoided the use of VoIP networks for
transmitting voice signals due to the potential for data packets to be delayed
or lost, preventing real-time transmission of the voice data and leading to poor
sound quality. While a delay of several seconds in downloading a webpage or
receiving an e-mail generally is acceptable to a user, a delay of more than a
millisecond during a live, two-way voice conversation is not satisfactory.
Original VoIP services, which were pioneered in the mid-1990s, were typically
only PC-to-PC, requiring two personal computers to be in use at the same time.
Early international calling card services, which allowed users to dial abroad
for significantly discounted rates, also relied on a form of VoIP technology.
These initial VoIP services often suffered from dropped calls, transmission
delays and poor sound quality because of bandwidth limitations. As a result,
VoIP initially developed a poor reputation for service quality relative to
traditional fixed line telephone service. Subsequent increases in bandwidth,
driven by increased broadband penetration, and improvements in packet switching,
signaling, and compression technology have significantly enhanced the quality
and reliability of VoIP calls.


Today, VoIP technology is used in the backbone of many traditional telephone
networks, and VoIP services are offered to residential and business users by a
wide array of service providers, including established telephone service
providers. These VoIP providers include traditional local and long distance
phone companies (such as AT&T, BellSouth, Qwest and Verizon), established cable
companies (such as Cablevision, Charter Communications, Comcast, Cox and Time
Warner Cable), competitive telephone companies (such as Time Warner Telecom),
Internet service providers (such as AOL, EarthLink and MSN, and Interlink Global
in Venezuela and Colombia) and alternative voice communications providers (such
as Interlink Global, Vonage and Skype).


While all of these companies provide residential VoIP communications services,
traditional wire line telephone companies offering VoIP services to consumers,
typically have high capital expenditures and operating costs in connection with
their networks. In addition, depending on the structure of their VoIP networks,
the VoIP services provided by some of these companies can only be used from the
location at which the broadband line they provide is connected.


As the availability of broadband and VoIP becomes more widespread, and as the
public becomes familiar with the advantages of VoIP over traditional voice
telephony, independent industry analysts believe that VoIP will become
increasingly attractive to mainstream consumers.


Market Opportunity for VoIP
---------------------------

Many independent industry analysts expect the market for VoIP-based
communication services in the US to expand dramatically from its current size.
Several analysts have estimated compound annual growth rates for the U.S. or
North American residential VoIP markets in the range of 61% to 100% over the
period from 2004 to 2009.

Analysts have also emphasized that the VoIP industry will need to move away from
marketing VoIP on the basis of its low price, and instead begin to distinguish
VoIP from traditional telephone service on the basis of innovative features, in
order to combat price erosion and maintain healthy revenues in the industry.
This will be especially important as the regulation governing VoIP becomes more
developed, since increasing regulation may impose additional operating costs and
taxes on VoIP providers that may increase their costs of doing business and,
ultimately, reduce their ability to undercut the pricing of traditional
telephone services. This has occurred in the past.


                                                                               9
<PAGE>

Marketing

We differentiate the Company from our competitors as much as possible with our
favorable rates in the Latin American market. We compete on the basis of our
feature set, packaging premium features--such as those found in our enterprise
packages--in a manner that is attractive to less price sensitive customers. We
encourage customers to sign up for plans, such as our Latin American calling
plan, which reduce our revenue volatility and our customers' focus on per minute
charges.

Nevertheless, we recognize that telecommunications, most notably at the lower
end, is a commodity subject to intense competition--particularly in the US. We
compete at the lower end of the market. Specifically, we will continue to strive
to have the lowest retail cost per minute for calling to the largest cities in
Latin America. We believe this generates a perception among our price sensitive
customers that the Company always offers a solid value at a competitive price.
This, in turn, creates significant brand loyalty and reduces churn. Because
Interlink Global has one of the lowest cost structures in the industry, we
believe that we can compete even at the low end of the market without
significant erosion of our margins.

Promotional Strategy

Our promotional strategies are based on cost/benefit efficiency. As an example,
in our targeted Spanish and Portuguese speaking retail market, we will, as much
as possible, utilize our wholesale customers to co-brand our product offerings
in a way that will build Interlink brand awareness in markets where these
wholesale customers operate. This will leave the majority of the cost to obtain
new customers with our wholesale customer. We will provide low priced and or
free connection devices (ATA's or IP phones) when the retail customer signs a
minimum one year contract. While we are exploring the possibility of having
these units sold via a leasing company with the individual customer contracts
(and credit cards) as the security.


Channel Strategy


Interlink will utilize a diversified channel approach which will allow for the
greatest penetration and customer growth within the shortest time period while
upholding our conservative spending approach.

We will distribute our software through strategic relationships with leading
Internet and computer hardware and software companies in Latin America. Our goal
is to have our software bundled with our partners' products and services and
distributed domestically and internationally.

We will enter into various agreements with focused web sites to promote our
products/services, by hosting Interlink referral links on their web sites. We
will either pay per sign up (once the customer has completed a 60 day
subscription period), or provide a percentage of the reoccurring revenue for a
period of one year when the subscriber signs a minimum one year contract.

We will utilize multi level marketing as well as master agents (wholesale
customers) to address the retail market. We also believe that there is a
substantial upside by using eBay as a sales outlet (either directly, through
multi level marketing and/or through master agents). These combinations can
allow us to build a substantial retail base without having the cost associated
with building a large in-house sales team.

As larger potential customers will require direct contact as well as some
specialization, and special pricing, Interlink will utilize direct sales when
approaching other operators such as the smaller CATV operators, large
corporations (banks, manufacturing companies, etc.), universities, and/or
developing nation's telephone companies.


                                                                              10
<PAGE>


Advertising Strategy
We will advertise our services through online and Internet-based advertising
venues and traditional print advertising in domestic and international
publications. We will target any advertising at specific groups versus shotgun
advertising. We will also make extensive use of press releases and companies
that specialize in disseminating press releases to the public.

We will supplement all of these promotional efforts with culture-specific and/or
geography-specific print advertising, web advertising, carrier trade show
appearances, and, to the extent we see a payoff, radio advertising.

Sales

Our direct sales force targets enterprise accounts, such as Fortune 1000 and
multi national companies, and wholesale accounts, such as cable operators. We
employ six people in our sales department.

Our indirect sales team consists of an in-house sales group which oversees our
registered sales agents, our reseller marketing program, and our Refer-a-Friend
program.

Supply Chain Partners


Our most significant variable cost on a per subscriber basis is the customer
premises equipment, the Analogue Telephone Adapter (ATA) device. Regardless of
whether the cost is paid directly by the customer (which raises the cost to the
customer of switching telephone services) or subsidized by Interlink (which
raises our customer acquisition costs), it is in our best interest to seek the
lowest possible cost for these ATA devices. Fortunately, these devices are now
commodities as their core technology (in a semiconductor + software package) is
widely licensed by TI and Netergy to Asian chipset suppliers. Initially, we
contracted with Signal C for an ATA device that was functionally similar to
those offered by Motorola and Cisco but which cost 30% less. We are now
purchasing from another Asian company, a more advanced version with a smaller
form factor, and better feature set. In the long-term, as our subscriber base
increases, we may contract directly with a manufacturer to take advantage of
volume discounts without paying a markup for branding or distribution.

Competition

We compete on the basis of our experience, network quality, customer service,
range of services offered and price. Our competitors fall into three broad
categories:

     o    public telecommunication operators ("PTO's") in each country where we
          operate

     o    other companies that operate competing satellite and terrestrial data
          transmission businesses, including newer entrants from more developed
          telecommunications markets outside of Latin America

     o    large international telecommunications carriers, and

     o    other VOIP operating companies

In the first category are the PTOs, which in the recent past began to extend
their focus beyond local and long-distance telephony services, dedicating
resources towards the private telecommunications network systems segment of the
telecommunications market targeting the type of customer that represents our
most important target market. PTOs generally have significant competitive
advantages, including (i) close ties with national regulatory authorities, (ii)
control over connections to local telephone lines, (iii) the ability to
subsidize competitive services with revenues generated from other services they
provide on a monopoly or duopoly basis and (iv) a reluctance of regulators to
adopt policies and grant regulatory approvals that will result in increased
competition.


                                                                              11
<PAGE>

Competition (continued)


We believe that by maintaining our position as a reliable, high quality provider
of telecommunications services, while strengthening the quality of our network
and the breadth of service offerings through our Radio Network, we will be able
to maintain our current customers and successfully attract new customers.

In the second category, our competitors include data transmission providers. We
believe that we are able to compete successfully in data transmission services
because we offer a broad array of services, provide high quality,
custom-designed services that are tailored to meet the specific needs of each
customer and have a greater geographical footprint for our broadband network
than our current competitors among these providers.

In the third category, major telecommunications carriers, including PTOs, have
entered, or indicated their intention to enter, the Latin American
telecommunications market as deregulation in Latin America and elsewhere opens
new market opportunities. Increasing competition may significantly affect our
pricing policies. In particular, PTOs, including Telefonica in Spain have
expanded their regional presence through acquisitions of smaller competitors in
specific countries. We cannot assure you that any future competition arising
from major telecommunications carriers will not adversely affect our financial
condition or results of operations.

 Our principal competitors include:

     o    Spain's Telefonica S.A., which provides through its affiliates fixed
          line and cellular telecommunications services, data transmission
          services and audiovisual content and media services in Spain, Latin
          America and other regions.

     o    Telecom Italia SpA, a global telecommunications provider, which
          operates through affiliates in Latin America principally in the field
          of mobile telephony (fixed-network, Internet, data transmission, telex
          and telegraphy) services in Argentina (through its ownership stake in
          Telecom Argentina held through Nortel Inversora), Bolivia, Brazil
          (through its wholly-owned TIM Brasil Group), and Paraguay, with
          publicly-announced goals of developing a continent-wide GSM network in
          South America.

     o    IBM, EDS and other local system integrators.

     o    Virtual operators address the market on a national or global basis.
          They can leverage their reach to achieve economies of scale better
          than any other competitor. Virtual operators also offer unique value
          for mobile customers. Leading virtual operators include Vonage,
          Net2Phone, and Packet8.

We believe that, the use of new or emerging voice and data transmission services
or technologies that are not widely available in Latin America, such as
wireless-based systems dedicated to data and voice distribution services
provides us with a current advantage. However, we can not guarantee that this
advantage will be maintained in the future.

Rates are not regulated in our countries of operation and the prices for our
services are strongly influenced by market forces. We believe that increasing
competition will result in increased pricing pressures. We have faced and expect
to continue to face declining prices and may experience margin pressure as the
PTOs in the countries where we have operations modernize their facilities, adapt
to a competitive marketplace, place greater emphasis on data telecommunications
and as other companies enter the Latin American telecommunications market. These
price and margin declines have also accelerated, and will likely continue to do
so, as new competitors enter our markets.

The principal barriers to entry for prospective providers of private
telecommunications network services such as ours are the development of the
requisite understanding of customer needs and the technological, commercial
experience, comprehension of, and experience with, the complex regulatory
environments in Latin America and the Caribbean, infrastructure to provide
quality services to meet those needs, and working capital.


                                                                              12
<PAGE>

Competition (continued)

Our international sales are subject to the risks of doing business abroad

Substantially all of our operations are located abroad. Foreign operations are
subject to a number of risks, including:

-     political and social unrest,
-     changing economic conditions,
-     currency exchange rate fluctuations,
-     international political tension and terrorism,
-     electrical shortages,
-     transportation delays,
-     loss or damage to products in transit,
-     expropriation,
-     nationalization,
-     the imposition of tariffs and trade duties both international and
      domestically,
-     import and export controls and other non-tariff barriers,
-     exposure to different legal standards (particularly with respect to
      intellectual property),
-     compliance with foreign laws; and
-     changes in domestic and foreign governmental policies.

INTELLECTUAL PROPERTY

We have filed for federal trademarks in order to protect our brand names in the
US. We have applied for federal trademark registration for the clauses "Net
Talk" (Trademark Serial No.:78772555, filed on December 15, 2005) and
"Connecting The World" (Trademark Serial No.: 78783778, filed on January 3,
2006). Both trademarks were granted.

In addition, we have registered the following Internet domain names:

Nettalkasia.com
Nettalkbiz.com
nettalkbusiness.com
Nettalkcanada.com
nettalkeurope.com
nettalkfree.com
nettalkglobal.com
nettalkhome.com
nettalkiptv.com
nettalkla.com
nettalkmexico.com
nettalktelecom.com
nettalkuk.com
nettalkusa.com
nettalkwifi.com
nettalkwimax.com

Our software utilized for the NetTalk VOIP/Video phone utilizes code and
algorithms developed by us or for us on a work-for-hire basis. We consider this
software as copyrightable material, trade secrets and other proprietary
material. We currently are having attorneys and patent searches carried out to
ascertain the exact extent to which we can seek patent protection for this
software.

Litigation may be required to enforce our intellectual property rights, protect
our trade secrets or determine the validity and scope of proprietary rights of
others. Any action we take to protect our intellectual property rights could be
costly and could absorb significant management time and attention. In addition,
as a result of any such litigation, we could lose any proprietary rights we
have. If any of the foregoing occurs, we may be unable to execute on our
business plan and you could lose your investment.


                                                                              13
<PAGE>

GOVERNMENT REGULATION

Domestic Service. We are regulated by the national telecommunications
authorities of the countries where we operate, and our operations require us to
procure permits and licenses from these authorities. While we believe that we
have received all required authorizations from regulatory authorities for us to
offer our services in the countries in which we operate, the conditions
governing our service offerings may be altered by future legislation or
regulation that could affect our business and operations.

Cross-Border Service. We provide integrated data, voice and video transmission
between and among several Latin American and Caribbean countries and the US.
International private line services are traditionally provided by local carriers
in each country acting as correspondents and establishing dedicated
telecommunications links between their facilities.

In countries where we do not maintain customer premises equipment or where we
are not authorized to operate in that fashion, our service uses our facilities
in the originating country to connect with a correspondent local carrier in the
destination country or vice-versa. To date, we have signed correspondent
agreements with carriers in several Latin American and Caribbean countries.

911 service. We were required to provide this service to US customers and as
such have implemented E911 in the US and Canada. We do not currently charge for
this service, but we may do so at a future date, depending on market trends. We
are not aware of any similar regulation in the other countries where we operate.
However, regulations could be added and if we were required to provide 911- like
services in these countries we cannot predict the cost of providing such
services in other countries.

Communications Assistance for Law Enforcement Act Compliance.
The Communications Assistance for Law Enforcement Act ("CALEA"), enacted in
1994, required telecommunications companies to rewire their networks so police
could have access for wiretaps and other surveillance measures. However, CALEA
specifically exempted "persons or entities insofar as they are engaged in
providing information services." The Justice Department recently filed a FCC
petition that Internet broadband and online telephone providers should be
treated the same as traditional telephone companies. As a result of this
petition, the FCC has adopted, on May 3, 2006 a Second Report and Order and
Memorandum Opinion and Order (Order) that addresses several issues regarding
implementation of the CALEA, enacted in 1994. The primary goal of the Order is
to ensure that law enforcement agencies (LEAs) have all of the resources that
CALEA authorizes to combat crime and support security, particularly with regard
to facilities-based broadband Internet access providers and interconnected VOIP
providers. The Order attempts to balance the needs of law enforcement with the
competing aims of encouraging the development of new communications services and
technologies while protecting customer privacy. The First Report and Order in
this proceeding concluded that facilities-based broadband Internet access and
interconnected VOIP providers were covered by CALEA. This second Order addresses
remaining issues raised in this proceeding and provides certainty that will help
achieve CALEA compliance, particularly for packet-mode technologies. This order
states as follows:

         First, the Order affirms that the CALEA compliance deadline for
         facilities-based broadband Internet access and interconnected VoIP
         services was May 14, 2007, as established by the First Report and Order
         in this proceeding. The Order concludes that this deadline gives
         providers of these services sufficient time to develop compliance
         solutions, and notes that standards developments for these services are
         already well underway.

         Second, the Order clarifies that the May 14, 2007 compliance date will
         apply to all facilities-based broadband Internet access and
         interconnected VoIP providers. Applying the same compliance date to all
         providers will eliminate any possible confusion about the applicability
         of the deadline, avoid any skewing effect on competition and preventing
         migration of criminal activity onto networks with delayed compliance
         dates.


                                                                              14
<PAGE>



         GOVERNMENT REGULATION (continued)

         Third, the Order explains that, absent the filing of a petition the
         assistance capability standards are deficient, it would be premature
         for the Commission to intervene in the ongoing process by which
         telecommunications standards-setting bodies, acting in concert with
         LEAs and other interested persons, are developing assistance capability
         standards.

         Fourth, the Order permits telecommunications carriers the option of
         using Trusted Third Parties (TTPs) to assist in meeting their CALEA
         obligations and providing LEAs the electronic surveillance information
         those agencies require in an acceptable format. The record indicates
         that TTPs are available to provide a variety of services for CALEA
         compliance to carriers, including processing requests for intercepts,
         conducting electronic surveillance, and delivering relevant information
         to LEAs. The Order makes clear that, if a carrier chooses to use a TTP,
         the carrier remains responsible for ensuring the timely delivery of
         call-identifying information and call content information to a LEA and
         for protecting subscriber privacy, as required by CALEA.

         Fifth, the Order restricts the availability of compliance extensions
         under CALEA section 107(c) to equipment, facilities and services
         deployed prior to October 25, 1998 and clarifies the role and scope of
         CALEA section 109(b), under which carriers may be reimbursed for their
         CALEA compliance costs. More specifically, the Order find that sections
         107(c) and 109(b) of CALEA provide only limited relief from compliance
         requirements.

         Sixth, the Order finds that the Commission may, in addition to law
         enforcement remedies available through the courts, take separate
         enforcement action under section 229(a) of the Communications Act
         against carriers that fail to comply with CALEA.

         Seventh, the Order concludes that carriers are responsible for CALEA
         development and implementation costs for post-January 1, 1995 equipment
         and facilities, and declines to adopt a national surcharge to recover
         CALEA costs. The Order finds that it would not serve the public
         interest to implement a national surcharge because such a mechanism
         would increase the administrative burden placed upon the carriers and
         provide little incentive for them to minimize their costs.

         Finally, the Order requires all carriers providing facilities-based
         broadband Internet access and interconnected VoIP service to submit
         interim reports to the Commission to ensure that they will be
         CALEA-compliant by May 14, 2007, and also requires all facilities-based
         broadband Internet access and interconnected VoIP providers to whom
         CALEA obligations were applied in the First Report and Order to come
         into compliance with the system security requirements in the
         Commission's rules within 90 days of the effective date of this Order.


The Company. has long expected the final ruling to be along the lines that this
final order presented. With this in mind, we opted not to use a Trusted Third
Party(TTP), as it ultimately does not relieve the Company of the responsibility
to provide the information and or intercepts, specified, in a timely manner.
Therefore, we have chosen to implement a store and forward solution that will
first, redirect the desired conversation first to a reserved, secure, server in
order to store a copy of the conversation data. This data, will then
automatically be forwarded to the proper authority authorized to have the data.
This solution was implemented and tested.

RESEARCH AND DEVELOPMENT

We have not expended material amounts on research and development for the years
ended December 31, 2007 and 2006.

EMPLOYEES

We have 10 employees all of whom work on a full-time basis. As of December 31,
2007, our Venezuelan subsidiary, NGTV, had 45 full-time employees and 60
part-time employees. Our Colombian subsidiary, MetroIP, had 5 full-time
employees . We consider our relationships with our employees to be good.


                                                                              15
<PAGE>


Item 2. Description of Property

The Company leases a switch room and antenna pad space for its
telecommunications equipment. The office is located at 1100 NW 163rd Drive,
Miami, Florida 33169. The leases are effective through May 31, 2009. We believe
the facilities located in Miami to be in satisfactory condition for the purposes
required. Minimum annual rental payments, including sales tax and monthly
electricity expense aggregate $145,415. As of December 31, 2007, the
consolidated net book value of property, plant and equipment is $5.3 million,
respectively.

NGTV, the Company's wholly-owned subsidiary, leases a 4,120 square feet
headquarters in Caracas, Venezuela. The lease expired in September 2007 and was
renewed for approximately $7,000 per month plus utilities. Each year the lease
is adjusted according to inflation. We believe facilities located in Venezuela
to be in satisfactory condition for the purpose required.

Item 3. Legal Proceedings

On August 18, 2006, we filed a lawsuit against Assai, Inc. ("Assai") and Mr.
Siba Padhi, the owner, agent and principal of Assai, in connection with an
agreement to acquire 100% of Assai's voting common stock on August 2005. After
we delivered the purchase price of $62,000 and 1 million shares of Company
common stock (worth approximately $1 million) to Padhi, we discovered that Padhi
had many several material misrepresentations and omissions of facts regarding
the value of Assai. As a result, we have sued for rescission of the purchase
agreement and the transactions contemplated therein.

Our causes of action arise from alleged violations of federal and Florida laws,
common law rescission, fraud, constructive trust and unjust enrichment as a
result of alleged fraudulent statements, acts and omissions by Padhi. In May
2007, the case was settled and the Company received all 1 million shares, all
claims were satisfied.

On May 3, 2006, Strategic Computer Solutions ("SCS") filed an action against the
Company alleging an outstanding unpaid balance for computer related equipment
purportedly ordered by the Company. The Company believes the products were never
received by an authorized employee of the Company. Ultimately, the Company
prevailed and won a summary judgment. An appeal is still pending.

The Company has long had a relationship with TBeck Capital, Aritex Consultants,
Warren Street Investments, Victoria, et al (collectively referred to as TBeck).
TBeck was engaged as the investment banker and funds raising broker for the
Company. Remuneration was in the form of stock issues and repayment of loans to
the company. A Settlement Agreement was reached between TBeck Capital and the
Company in the amount of $10,000, payable to TBeck, dated August 2, 2007, in
which, mutual release of all claims by all parties to this relationship was
issued.

In addition, we are subject from time-to-time to litigation, claims and suits
arising in the ordinary course of business. As of December 31, 2007, we were not
a party to any material litigation, claim or suit whose outcome we believe have
a material effect on our financial statements.

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

No matters were submitted to a vote of our stockholders during the fourth
quarter of the year ended December 31, 2007.


                                     PART II


                                                                              16
<PAGE>

Item 5. Market for Common Equity and Related Stockholder Matters

Market Information

Our common stock was traded on the Pink Sheets under the symbol "ILKG.OB." The
following table sets forth the range of high and low bid quotations for each of
quarter of the last two fiscal years, adjusted to reflect the reverse split on a
three to one basis such that each old share represent 1/3 of a new share
effected in February, 2005. These quotations reflect inter-dealer prices,
without retail mark-up, mark-down or commission and may not represent actual
transactions. Prior to the reversal, our common shares were quoted on the Pink
Sheets under the symbol "TDIH."

                                                           High       Low
                                                           ----       ---



Fiscal Year 2006

First Quarter                                              $3.04     $1.25
Second Quarter                                             $2.85     $1.25
Third  Quarter                                             $1.95     $0.85
Fourth Quarter                                             $1.75     $0.35

Fiscal Year 2007

First Quarter                                              $0.76     $0.14
Second Quarter                                             $0.60     $0.18
Third Quarter                                              $0.50     $0.15
Fourth Quarter                                             $0.55     $0.10

On December 31, 2007, the closing price our common stock on the Pink Sheets was
N/A and there were approximately 179 holders of record of our common stock.

The transfer agent and registrar for our common stock is Fidelity Transfer
Company.

Dividends

We have never declared or paid dividends on our common stock. We intend to
retain earnings, if any, for the operation and expansion of our business, and
therefore do not anticipate paying any cash dividends in the foreseeable future.
Any future determination to pay cash dividends will be at the discretion of the
board of directors, and will be dependent upon our financial condition, results
of operations, capital requirements and other factors as the board may deem
relevant at that time.

Recent Sales of Unregistered Securities - None

Item 6. Management's Discussion and Analysis or Plan of Operation

FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements defined in the Private
Securities Litigation Reform Act of 1995. These statements relate to future
events or our future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may", "will", "should",
"expects", "plans", "anticipates", "believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. Factors
that could cause actual results to differ materially from those expressed in any
forward-looking statement made by us include, but are not limited to:


                                                                              17
<PAGE>

FORWARD-LOOKING STATEMENTS (continued)


o    our ability to finance our activities and maintain our financial liquidity,
o    our ability to enter into new agreements and to maintain and renew existing
     licensing agreements,
o    stability of foreign regimes, specifically Venezuela,

Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update
any of the forward-looking statements to conform or reconcile such statements to
actual results.

MATTERS EFFECTING SHORT-TERM OR LONG-TERM LIQUIDITY

Effective March 15, 2006, the Company signed a Share Purchase Agreement (the
"Agreement") with NERA ASA, a Norwegian company ("Nera"), to acquire all of the
issued and outstanding common stock of Communication Networks Holdings, Ltd., an
exempted company incorporated and existing under the laws of Bermuda ("CNH").
The acquisition included CNH's ownership of all of the issued and outstanding
capital stock of Telecomunicaciones NGTV, S.A., ("NGTV"), a Venezuelan
corporation engaged in the provision of telecommunication services in that
country. Subject to the terms of the Agreement, we purchased CNH, free from any
lien, charges and encumbrances, for a purchase price of $1.75 million.
Additional consideration included:

  $2 million within 150 days of the closing date in order to fund the investment
  and working capital needs of NGTV. Of this amount, $979,179 will be
  exclusively used to fund unpaid salaries and severance obligations of NGTV. On
  August 3, 2006, our board of directors authorized the issuance of four million
  shares of restricted stock ($0.50 per share) for compliance with this
  provision of the Agreement.

  As part of further negotiations for a debt reduction program and further
  additional negotiations for the purchase of CNH, we utilized the services of
  Lane Bridge Overseas, Ltd., an affiliate of Nera. In consideration of such
  services, we have granted Lane an exclusive and irrevocable purchase option
  through December 31, 2009 for 2 million shares of our common stock. These
  shares will be valued at the abovementioned per share price of $0.50 cents.


CHANGES IN FINANCIAL STATEMENT BALANCES

Financial Condition - Balance Sheet

Net fixed assets decreased by $997,660. The decrease was due to depreciation
expense of $1,104,829 and new acquisitions of $283,727 during 2007. Total assets
decreased by $669,050. Total current assets increased by $167,579, Property and
Equipment (net) decreased by $997,660 and Prepaid value added tax increased by
$241,929. Total current liabilities increased by $1,728,397. Total long term
liabilities increased by $739,152. Total stockholders' equity decreased by
$2,975,606. The decrease was due to a current net loss of $3,000,606.
During our fiscal year ended December 31, 2006, funds were raised from two
primary sources: (i) the issuance of restricted common stock and (ii) a note
offering The note offering is in accordance with a Note and Warrant Purchase
Agreement, dated November 29, 2005; the note bears interest at 10% and matures
May 29, 2007.
Maturity date was extended to December 31, 2007.

Results of Operations

Gross revenues for 2007 increased by $4,008,893. The increase was due to
increase in sales activities. Cost of sales increased by $3,783,297. The
increase was due to increase in cost of sales activities.
Gross profit increased by $225,596. The increase was due to increase in sales
activities. Total expenses decreased by $1,365,513. the decreased was due to
impairment of goodwill of $581,358 during 2006 and refund of telecommunication
expense of $249,711 during 2007. Interest expense increased by $267,023. The
increase was due to new Senior debentures issued during 2007.


                                                                              18
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

On November 29, 2005, the Company issued a Series A Senior Convertible Note for
$2 million, resulting in net proceeds of $1,767,000. The notes bear interest at
10% and mature on May 29, 2007. Closing costs of $233,000 are being amortized
over eighteen months, commencing in December 2005. One- fourteenth (1/14th) of
the principal and all accrued but unpaid interest is due monthly; the principal
and accrued interest may be paid in registered shares of the Company's common
stock at a conversion price equal to 85% of the average closing bid price for
the ten trading days preceding the payment due date. In connection with this
agreement, the Company issued warrants to purchase an aggregate of 6,181,822
shares of common stock (at an exercise price of $.75 per share): (i) 5,454,546
to the note holders and (ii) 727,276 to the placement agents.

On February 28, 2006, the Company issued two Series B Senior Convertible Notes
for $1,297,550, resulting in net proceeds of $1,142,635. The notes bear interest
at 10% percent and mature on August 28, 2008. Closing costs of $154,915 will be
amortized over the term of the loan. One-fourteenth (1/14th) of the principal
and all accrued but unpaid interest is due monthly; the principal and accrued
interest may be paid in registered shares of the Company's common stock at a
conversion price equal to 85% of the average closing bid price for the ten
trading days preceding the payment due date.
In connection with this agreement, the Company issued warrants to purchase an
aggregate of 5,882,222 shares of common stock: (i) 5,190, 198 to the note
holders and (ii) 692,024 to the placement agents.

For both the Series A Senior Convertible Note, dated November 29, 2005, and the
two Series B Senior Convertible Notes, dated February 28, 2006, one-fourteenth
(1/14th) of the principal and all accrued but unpaid interest was to be repaid
monthly, commencing April 2006 and July 2006, respectively. In consideration of
the Company reducing the exercise prices of the warrants to $1.05 per share, the
note holders have agreed to delay payment until August 2008.

CRITICAL ACCOUNTING POLICIES

In preparing our financial statements, we make estimates, assumptions and
judgments that can have a significant effect on our revenues, income (loss) from
operations, and net income (loss), as well as on the value of certain assets on
our consolidated balance sheet. We believe that there are several accounting
policies that are critical to an understanding of our historical and future
performance as these policies affect the reported amounts of revenues, expenses,
and significant estimates and judgments applied by management. While there are a
number of accounting policies, methods and estimates affecting our consolidated
financial statements, areas that are particularly significant include revenue
recognition and stock-based compensation. In addition, please refer to Note 1 to
the accompanying financial statements for further discussion of our significant
accounting policies.

Revenue Recognition

Securities and Exchange Commission Staff Accounting Bulletin ("SAB") 101,
Revenue Recognition, as amended by SAB 104, outlines the basic criteria that
must be met to recognize revenue and provide guidance for presentation of
revenue and for disclosure related to revenue recognition policies in financial
statements filed with the Securities and Exchange Commission. Management
believes that the Company's revenue recognition policy conforms to SAB 104.

We evaluate the criteria of the FASB Emerging Issues Task Force ("EITF") 99-19,
Reporting Revenue Gross as a Principal Versus Net as an Agent, in determining
whether it is appropriate to record the gross amount of revenue and related
costs or the net amount earned as commissions. The Company is the primary
obligor, has latitude in establishing prices and selecting suppliers,
establishes product specifications, and has the risk of loss as it relates to
the ultimate collection of accounts receivable. However, Company's Revenue is
recorded on net basis in 2006.

Stock-Based Compensation

As of December 31, 2007, the Company has not issued any share based payments to
its employees.

Derivative Financial Instruments

As of this date, the Company has not entered into any derivative transactions.


                                                                              19
<PAGE>



Item 7. Financial Statements


Our financial statements, including the notes thereto, together with the report
of independent auditors thereon are presented as a separate section of this Form
10-KSB, and the following are attached hereto beginning on Page F-1:

      Financial Statements:

            Report of Independent Registered Public Accounting Firm
            Audited  Balance Sheet as of  December 31, 2007. and 2006
            Audited statements of operations for years ended December 31, 2007,
             and 2006
            Audited statements of cash flows for years ended December 31, 2007,
             and 2006
            Audited statements of deficiency in assets for years ended
             December 31, 2007, and 2006
            Notes to audited financial statements

Item 8. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure - None.

Items 8/A. Controls and Procedures

The evaluation of our disclosure controls and procedures and internal controls
included a review of management's objectives and processes, implementation and
effect on the information generated for use in this report. In the course of
this evaluation, we sought to identify any significant deficiencies or material
weaknesses in our controls, and whether we had identified any acts of fraud
involving personnel who have a significant role in our internal controls, and to
confirm that any necessary corrective action, including process improvements,
were being undertaken. The overall goals of these evaluation activities are to
monitor our disclosure and internal controls and to make modifications as
necessary. We intend to maintain these controls as processes that may be
appropriately modified as circumstances warrant.

Based on their evaluation as of December 31, 2007, our chief executive officer
and chief financial officer have concluded that our disclosure controls and
procedures (as defined in Rules 13(a)-14(c) and 15(d)-14(c) under the Securities
Exchange Act of 1934 (the "Exchange Act")) are effective to ensure that
information required to be disclosed by us in reports that we file or submit
under the Exchange Act is recorded, processed, summarized and reported within
the time periods specified in Securities and Exchange Commission rules and
forms.

Changes in Internal Controls

There were no significant changes in our internal controls or in other factors
that could significantly affect these controls subsequent to the date their
evaluation. There were no significant deficiencies or material weaknesses, and
therefore, no corrective actions were taken.

Item 8/B. Other Information - None.


                                                                              20
<PAGE>

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
with Section 16(a) of the SEC.

                                   MANAGEMENT

The following table identifies our current executive officers and directors,
their respective offices and positions, and their respective dates of election
or appointment:

--------------------------------------------------------------------------------
                                                           Initial Election or
         Name               Age          Position Held       Appointment Date
--------------------------------------------------------------------------------

                                        Chairman, Chief       February 2004
Anastasios Kyriakides        60        Executive Officer
                                         and Secretary
--------------------------------------------------------------------------------

Kenneth A. Hosfeld           57          Executive Vice       February 2004
                                         President and
                                            Director

--------------------------------------------------------------------------------

Bill Rodriguez               60         Chief Financial         April 2007
                                            Officer
--------------------------------------------------------------------------------

                                                              November 2004
Stephan M. Gardner           64        Vice President and
                                            Director
--------------------------------------------------------------------------------

There are no family relationships between any two or more of our directors or
executive officers. Our executive officers are appointed by our board of
directors and serve at the board's discretion. There is no arrangement or
understanding between any of our directors or executive officers and any other
person pursuant to which any director or officer was or is to be selected as a
director or officer, and there is no arrangement, plan or understanding as to
whether non-management stockholders will exercise their voting rights to
continue to elect the current board of directors. There are also no
arrangements, agreements or understandings to our knowledge between
non-management stockholders that may directly or indirectly participate in or
influence the management of our affairs.

None of our directors or executive officers has, during the past five years:

     o    had any bankruptcy petition filed by or against any business of which
          such person was a general partner or executive officer, either at the
          time of the bankruptcy or within two years prior to that time,
     o    been convicted in a criminal proceeding and none of our directors or
          executive officers is subject to a pending criminal proceeding,
     o    been subject to any order, judgment, or decree, not subsequently
          reversed, suspended or vacated, of any court of competent
          jurisdiction, permanently or temporarily enjoining, barring,
          suspending or otherwise limiting his involvement in any type of
          business, securities, futures, commodities or banking activities, or
     o    been found by a court of competent jurisdiction (in a civil action),
          the Securities and Exchange Commission or the Commodity Futures
          Trading Commission to have violated a federal or state securities or
          commodities law, and the judgment has not been reversed, suspended, or
          vacated.


                                                                              21
<PAGE>

BUSINESS EXPERIENCE



ANASTASIOS KYRIAKIDES. Mr. Kyriakides has been our President and CEO since
inception. Mr. Kyriakides received a Bachelor of Science degree in business from
Florida International University in 1975; in 1977, he received a degree in
investment banking from the American Institute of Banking. Mr. Kyriakides has
extensive experience in the field of shipping investment banking and venture
capital and the process of public and private offerings. From 1979 to the
present, Mr. Kyriakides has consulted for numerous companies in the areas of
shipping, travel, banking, and electronics. His cruise ship career started with
Carnival Cruise line out of the Port of Miami, and continued to a successful
start up with Tropicana Cruises; one of the first gaming ships out of the Port
of Miami. In 1994, Mr. Kyriakides became the Chairman of Montgomery Ward Travel,
a company created to provide full travel services to eight million Montgomery
Ward customers and credit card holders; he served in this capacity from 1994 to
1996. Mr. Kyriakides had previously organized the successful start-up of Seawind
Cruise Line in 1990; there, he was the founder, and later, the Chairman, CEO,
and Secretary until 1994. In 1984 Mr. Kyriakides founded Regency Cruise Line,
the world's first publicly traded company in passenger shipping, and served as
its Chairman and Secretary until 1987. In 1983, Mr. Kyriakides founded the Mylex
Corporation www.mylex.com to develop and produce the world's first hand-held
optical scanner and VGA card for personal computers. As the President and
Chairman, Mr. Kyriakides guided Mylex from its beginning as a private company to
its becoming a public company traded on the NASDAQ under the stock symbol MYLX
until it was acquired as a wholly-owned subsidiary of IBM (NYSE: IBM). Mr.
Kyriakides, in 1983, was the founder and Chairman of Tower Bank NA, a full
service commercial bank, with three offices, headquartered in Dade County,
Florida.

Mr. Kyriakides, in 1980, worked at Delcor Industries of Hollywood, Florida, an
electronic manufacturing facility, assembling OEM products for various
electronic companies including IBM mainframe and cable division employing over
150 skilled employees. Mr.Kyriakides, in 1979, was the founder and Chairman of
Lexicon Corporation, the world first hand-held electronic language translator
the LK3000 that translated in to 12 different languages. From its inception to
its becoming a publicly traded company on the NASDAQ, under the symbol LEXI,
until it was acquired by Nixdorf Computers of Germany. From 2001 to 2004 Mr.
Kyriakides was the founder and Chairman of the on-line brokerage firm NowTrade,
Corp. and also the founder and chairman of Internet Stock Market Corp. an
Investment Relations and Public Relations firm for Public Companies.

KENNETH A.HOSFELD. Mr. Hosfeld has served as our Executive Vice President and a
member of our Board of Directors since February 2004. Kenneth's background
includes over twenty-two years of international sales, marketing, and business
management in the telecommunications industry. Before co-founding NetExpress, he
was the Regional Director of Brazil, the Andinos, and the Caribbean for Tellabs,
Inc from 1999 to September 2002. There, he negotiated deals as large as $350
million. He secured Tellabs' first "turn-key" contract (a complete, fully
managed network deployment including all products and services and project
financing). He opened Tellabs' offices in Brazil and regularly exceeded revenue
targets by 130%. Prior to that, Kenneth was Vice President of Nera Latin
America, a subsidiary of Nera Telecommunications (formerly ABB), with full P&L
responsibility for the region. He opened offices throughout Latin America
including Brazil, Colombia, Mexico, and Venezuela and additionally penetrated
the Mexican and Chilean markets. He also worked at OneRing International from
January 2003 to February 2004 as their Vice President, global sales and
marketing. Prior to Latin America, Kenneth was responsible for sales in Africa
and in China. At Nera, Kenneth regularly grew sales in his region between
80-200%, annually. He speaks over six languages including fluent Spanish and
Portuguese. Mr. Hosfeld also serves on the Board of Directors of our
wholly-owned subsidiaries, C N H Bermuda and New Global Telecom De Venezuela
(NGTV).

Bill Rodriguez, is a Florida Certified Public Accountant (CPA), he earned a
bachelors degree from the University of Miami in Coral Gables, FL, with majors
in Accounting and Business Administration. He also earned a Master of Business
Administration (MBA) from Nova Southeastern University in Davie, FL. He has
extensive accounting and financial reporting experience in Banking, Real Estate
Brokerage, Property Management and telecommunication industries. He was also an
auditor/examiner for the Federal Deposit Insurance Corporation (FDIC).


                                                                              22
<PAGE>

BUSINESS EXPERIENCE (cont)


STEPHAN M. GARDNER. Mr. Gardner earned a bachelor's degree from the University
of Miami in Coral Gables, Florida, with majors in Business Administration and
Journalism. He has extensive experience in the fields of investment banking,
sales consulting and television production. From 1970-1979, Mr. Gardner was an
independent television producer headquartered in San Juan, Puerto Rico. From
1979, he owned several companies, which provided consulting services in the
fields of banking, health care, and sales administration in California as well
as Florida. From January 2001 to November 2004, Mr. Gardner served as Sales
Manager and Representative for Solaroll Shade and Shutter, and Roll-A-Way, Storm
and Security Shutters, of St.Petersburg, Florida, a division of Valco
Enterprises.
Beginning in 1984, as an investment banker, Mr. Gardner structured public
offerings of stock, and stock syndications in the fields of health, medical
products, and leisure activities, (cruise ships). In 1989, Mr. Gardner became
the owner/operator of Med Test, Inc., a private company, which is a provider of
mobile medical testing services. For the last two decades, Mr. Gardner has
worked as a marketing and public relations consultant.


Board of Directors

Our board of directors currently consists of five members. Our by laws provide
that our directors be elected at each annual meeting of the stockholders. Their
term of office will run until the next annual meeting of the stockholders and
until their successors have been elected and qualified or until their earlier
death, resignation or removal.

Board Meetings and Committees

The Board of Directors held six meetings during 2006. The Board of Directors now
has one standing committees - an Audit Committee. Current committee members are
listed below. The functions of the Audit Committee are to recommend selection of
independent public accountants to the Board of Directors, to review the scope
and results of the year-end audit with management and the independent auditors,
to review the Company's accounting principles and its system of internal
accounting controls and to review the Company's annual and quarterly reports
before filing with the Securities and Exchange Commission. The Audit Committee
was formed in 2006 and did not meet during 2006. The current members of the
Audit Committee are Anastasios Kyriakides and Bill Rodriguez.

Mr. Bill Rodriguez, our Chief Financial Officer, serves as our financial expert
regarding generally accepted accounting principals and general application of
such principles in connection with the accounting for estimates and accruals,
including an understanding of internal control procedures and policies over
financial reporting, and maintains sufficient experience preparing auditing,
analyzing or evaluating financial statements in such depth and breadth as may be
required of an audit committee financial expert. However, Mr. Rodriguez is not
an elected director of the company.

DIRECTOR COMPENSATION

We have adopted a Code of Ethics as of October 4, 2006.

Compliance with Section 16(a) of Exchange Act
Section 16(a) of the Securities Exchange Act requires our directors, executive
officers and persons who own more than 10% of our common stock to file reports
of ownership and changes in ownership of our common stock with the Securities
and Exchange Commission. Directors, executive officers and persons who own more
than 10% of our common stock are required by Securities and Exchange Commission
regulations to furnish to us copies of all Section 16(a) forms they file.
To our knowledge, based solely upon review of the copies of such reports
received or written representations from the reporting persons, we believe that
during our 2006 fiscal year none of our directors, executive officers and
persons who own more than 10% of our common stock made any Section 16(a) filings
if they were so required.


                                                                              23
<PAGE>

Item 10. Executive Compensation

SUMMARY OF COMPENSATION
The following table summarizes all compensation received by our Chief Executive
Officer for services rendered to us and several other officers who earned more
than $100,000 in fiscal year 2006. These persons are referred to as our Named
Executive Officers.

<TABLE>
<CAPTION>

                            SUMMARY COMPENSATION TABLE

                                                                         LONG TERM
                               ANNUAL COMPENSATION                  COMPENSATION AWARDS


---------------------------------------------------------------------------------------

                                                                         SECURITIES
 NAME AND PRINCIPAL                                                      UNDERLYING
      POSITION                                         OTHER ANNUAL     OPTIONS # OF
                        YEAR    SALARY ($) BONUS ($)   COMPENSATION        SHARES
---------------------------------------------------------------------------------------

<S>                     <C>      <C>         <C>           <C>              <C>
Anastasios              2007     $76,500     NONE          NONE             NONE
Kyriakides,             2006     $59,500     NONE          NONE             NONE
Chairman, CEO and
Secretary and
Director                2007     $56,250     NONE          NONE             NONE
                        2006     $50,700     NONE          NONE             NONE
Kenneth Hosfeld,
VP and Director         2007       NONE      NONE          NONE             NONE
                        2006     $25,700     NONE          NONE             NONE
Severino Rivano,
VP and Director         2007     $22,000     NONE          NONE             NONE
                        2006     $29,500     NONE          NONE
Stephan Gardner,                                                      NONE
VP and Director
---------------------------------------------------------------------------------------

</TABLE>


OPTION GRANTS TO EXECUTIVE OFFICERS IN 2007 - None

EMPLOYMENT ARRANGEMENTS

We have entered into an Employment Agreement with our Chief Executive Officer,
Anastasios Kyriakides. In consideration of his services to us, we have agreed to
pay him a base salary of $52,000 plus certain bonuses and awards if the Company
achieves certain profitability levels and adopts certain incentive compensation
plans. As of December 31, 2006, none of these incentive arrangements and plans
had been realized. The agreement is effective through December 31, 2008.

Item 11. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters

We have determined beneficial ownership in accordance with the rules of the
Securities and Exchange Commission. Except as otherwise indicated, we believe
that the beneficial owners listed below, based on the information furnished by
these owners, have sole investment and voting power with respect to the
securities indicated as beneficially owned by them, subject to applicable
community property laws. With respect to the table below, we have based our
calculation of the percentage of beneficial ownership of 26,048,000 shares of
common stock outstanding as of December 31, 2007.
In computing the number of shares of common stock beneficially owned by a person
and the percent ownership of that person, we deemed outstanding shares of common
stock subject to warrants or options held by that person that are currently
exercisable or exercisable within 60 days of December 31, 2007. We did not deem
these shares outstanding for purposes of computing the percent ownership of any
other person.


                                                                              24
<PAGE>


Item 11. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters (cont)

The following tables set forth certain information regarding beneficial
ownership of our common stock as of December 31, 2007 by (i) each person who is
known by us to own beneficially more than five percent (5%) of the outstanding
shares of common stock, (ii) each of our directors and executive officers, and
(iii) all of our directors and executive officers as a group. Unless otherwise
stated, their address is c/o Interlink Global Corporation, 1100 NW 163rd Drive,
No. Miami, FL 33169.

<TABLE>
<CAPTION>

                                  COMMON STOCK

--------------------------------------------------------------------------------------

                             NUMBER OF SHARES OF COMMON
NAME OF DIRECTOR, OFFICER     STOCK BENEFICIALLY OWNED      PERCENTAGE OF OUTSTANDING
AND BENEFICIAL OWNER                                        SHARES OF COMMON STOCK
--------------------------------------------------------------------------------------

<S>                           <C>                           <C>
Anastasios Kyriakides         7,569,000(1)                  18.44%
--------------------------------------------------------------------------------------
                                                            5.67%
Kenneth Hosfeld               2,329,000
--------------------------------------------------------------------------------------
                                                            4.39%
Stephan M. Gardner            1,800,000
--------------------------------------------------------------------------------------
                                                            2.44%
Severino Rivano               1,001,000
--------------------------------------------------------------------------------------

All Officers & Directors      13,349,000                    32.52%
 As a Group (6 persons)
--------------------------------------------------------------------------------------
                              26,048,000                    63.46
Total
--------------------------------------------------------------------------------------

</TABLE>

     (1)  Includes 600,000 Shares held by Anastasios & Maria Kyriadides as Joint
          Tenants, 3,669,000 Shares held by the Maria, Nicholas, Stephanie,
          Peter Kyriakides Trust and 3,300,000 shares held by the Maria,
          Nicholas, Stephanie, Peter Kyriakides Trust


CHANGE OF CONTROL
To the knowledge of management, there are no present arrangements or pledges of
securities of our company that may result in a change in control..

Item 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Due to Shareholder's loan in the amount of $349,883 was outstanding at December
31, 2006 - one year term, no interest.

Item 13. Exhibits

The following documents are filed as part of this report:

(1) financial statements - see index to accompanying audited financial
statements under item 7 above.
(2) Exhibits - see index to exhibits following the signatures to this report.


                                                                              25
<PAGE>

Item 14. Principal Accountants Fees and Services

The following table sets forth fees billed to the Company by our auditors during
the fiscal years ended December 31, 2007 and December 31, 2006 for: services
rendered for the audit of our annual financial statements and the review of our
quarterly financial statements.

                               December 31, 2007            December 31, 2006
                               -----------------            -----------------

      Audit Fees                   $ 000000                       $80,438


                                                                              26
<PAGE>

SIGNATURES,

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized, on the 15th day of March
,2007.

                                      Interlink Global Corporation



                                      By:    /s/   Anastasios Kyriakides
                                             --------------------------------
                                                   Anastasios Kyriakides
                                           President and Chief Executive Officer

                                POWER OF ATTORNEY

        KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Anastasios Kyriakides and Kenneth
Hosfeld, and each or any one of them, as his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities, to sign any and all
amendments to this Annual Report on Form 10-KSB, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming that all said attorneys-in-fact and agents, or any of
them or their or his substitute or substituted, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

            Signatures                           Title                    Date
            ----------                           -----                    ----



       ANASTASIOS KYRIAKIDES                Chief Executive            March 15,
     /s/ ANASTASIOS KYRIAKIDES      Officer, Chairman and Secretary       2008
     -------------------------       (Principal Executive Officer)

                                                                       March 15,
                                        Chief Financial Officer           2008
          Bill Rodriguez               (Principal Financial and
        /s/ Bill Rodriguez                Accounting Officer)
        ------------------

                                                                       March 15,
                                             VP & Director                2008
        KENNETH A. HOSFELD
      /s/ KENNETH A. HOSFELD
      ----------------------


                                                                              27
<PAGE>

                       INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholders
Interlink Global Corporation
Miami, Florida

[to be inserted into EDGAR draft]


                                                                              28
<PAGE>



 EXHIBITS.

--------------------------------------------------------------------------------

4.10   Registration Rights Agreement dated as of February 28, 2006 by and among
       certain lenders and the Registrant
--------------------------------------------------------------------------------
10.3   Note and Warrant Purchase Agreement between certain lenders and the
       Registrant dated as of February 28, 2006
--------------------------------------------------------------------------------

10.4   Amendment to Note and Warrant Purchase Agreement between certain lenders
       and the Registrant dated 10/06.
--------------------------------------------------------------------------------
10.7   Share Purchase Agreement dated as of March 15, 2006 by and between the
       Registrant and NERA ASA. (1)
--------------------------------------------------------------------------------
10.8   Share Purchase Option Agreement dated as of March 15, 2006 by and between
       the Registrant, Lane Bridge Overseas Ltd. (1)
--------------------------------------------------------------------------------
14.1   Code of Ethics
--------------------------------------------------------------------------------
21.1   List of subsidiaries
--------------------------------------------------------------------------------
31.1   Certification of Chief Executive Officer
--------------------------------------------------------------------------------
31.1   Certification of Chief Executive Officer
--------------------------------------------------------------------------------
31.2   Certification of Chief Financial Officer
--------------------------------------------------------------------------------
32.1   Section 1350 Certification of Chief Executive Officer
--------------------------------------------------------------------------------
32.2   Section 1350 Certification of Chief Financial Officer
--------------------------------------------------------------------------------


                                                                              29


<PAGE>


<TABLE>
<CAPTION>

INTERLINK GLOBAL CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheet
December 31, 2007 and 2006

ASSETS                                                                               2007            2006
------                                                                               ----            ----

CURRENT ASSETS
<S>                                                                             <C>             <C>
   Cash and equivalents                                                         $    151,394    $     40,477
    Accounts receivable, less allowance of $149,794 in 2007, $570,486 in 2006        826,430         957,534
   Employee advances                                                                  13,894          10,187
   Other receivables                                                                  32,571          46,332
   Prepaid expenses                                                                  456,703         133,916
   Loan closing costs, current portion                                                    --         124,967
   Deferred tax asset less valuation allowance of $1,225,328                              --              --
                                                                                ----------------------------
        Total current assets                                                       1,480,992       1,313,413

Property and Equipment
----------------------
   Telecommunications Equipment                                                   12,388,135      12,108,341
   Furniture & Fixtures                                                                7,221           7,177
   Other Equipment                                                                    16,888          15,499
   Software                                                                           19,589          17,089
                                                                                ----------------------------
        Total fixed assets                                                        12,431,833      12,148,106
   Less accumulated Depreciation                                                  (7,098,392)     (5,817,005)
                                                                                ----------------------------
   Property and equipment, net                                                     5,333,441       6,331,101
                                                                                ----------------------------

Prepaid value added tax                                                              805,834         563,905
Deposits                                                                                  --          80,898
                                                                                ----------------------------

TOTAL ASSETS                                                                    $  7,620,267    $  8,289,317
                                                                                ============================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES
   Accounts payable                                                             $  3,130,594    $  2,667,489
   Accrued expenses                                                                1,072,724         185,969
   Accrued interest                                                                  835,165         324,796
   Notes payable                                                                          --          51,873
   Senior convertible debentures, current portion                                    706,618         706,618
                                                                                ----------------------------
        Total current liabilities                                                  5,745,101       3,936,745

LONG-TERM LIABILITIES
   Advances from officers                                                            134,558         259,883
   Due to stockholder                                                                171,186          90,000
   Accrual for labor indemnities                                                     195,425         866,360
   Customer deposits                                                                      --          83,846
   Other                                                                             396,907         307,302
   Senior convertible debentures                                                   4,065,932       2,590,932
                                                                                ----------------------------
        Total long-term liabilities                                                4,964,008       4,198,323
                                                                                ----------------------------
TOTAL LIABILITIES                                                                 10,709,109       8,135,068
                                                                                ----------------------------

Minority Interest                                                                   (175,002)        (14,009)

COMMITMENTS AND CONTINGENCIES (NOTES 2, 5, AND 6)

STOCKHOLDERS' EQUITY
   Common Stock: $0.001 par value,                                                    47,849          47,599
     100,000,000 shares authorized; 47,598,922 shares issued
     and outsanding.
   Additional paid-in-capital                                                      4,870,868       4,846,118
   Accumulated deficit                                                            (7,832,557)     (4,725,459)
                                                                                ----------------------------
TOTAL STOCKHOLDERS' EQUITY                                                        (2,913,840)        168,258
                                                                                ----------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                      $  7,620,267    $  8,289,317
                                                                                ============================

See accompanying notes.

</TABLE>


<PAGE>


<TABLE>
<CAPTION>

INTERLINK GLOBAL CORPORATION AND SUBSIDIARIES
Consolidated Statements of Operations
For the years ended December 31, 2007 and 2006                 2007            2006
                                                               ----            ----

<S>                                                       <C>             <C>
REVENUES                                                  $  9,897,738    $  5,888,845

COST OF REVENUES                                             8,089,197       4,305,900
                                                          ----------------------------

GROSS MARGIN                                                 1,808,541       1,582,945
                                                          ----------------------------

OPERATING EXPENSES
   Advertising                                                  10,412          50,491
   Amortization of deferred fees                               219,764         431,211
   Bad debts                                                    (4,582)         35,930
   Consulting and Technical Services                           330,032         299,307
   Depreciation                                              1,281,387         872,912
   Impairment of goodwill                                           --         581,358
   Professional Fees                                           415,178         231,331
   Other expenses                                              305,308         455,940
   Rent and occupancy                                          455,558         393,847
   Salaries and wages                                        1,387,786       1,550,473
   Taxes and licenses                                          124,498         220,996
   Telecommunications                                         (249,711)        458,530
   Travel and entertainment                                    111,891         144,175
                                                          ----------------------------
        TOTAL GENERAL AND ADMINISTRATIVE EXPENSES            4,387,521       5,726,501
                                                          ----------------------------
LOSS BEFORE OTHER INCOME (EXPENSES)                         (2,578,980)     (4,143,556)
                                                          ----------------------------

OTHER INCOME (EXPENSES)
   Interest expense                                           (685,080)       (338,098)
   Other                                                        (4,031)       (186,350)
                                                          ----------------------------
        TOTAL OTHER INCOME (EXPENSES)                         (689,111)       (524,448)
                                                          ----------------------------

LOSS BEFORE INCOME TAX AND MINORITY INTEREST                (3,268,091)     (4,668,004)

PROVISION FOR INCOME TAXES                                          --              --
                                                          ----------------------------

LOSS BEFORE MINORITY INTERST                                (3,268,091)     (4,668,004)

MINORITY INTEREST                                              160,993          14,009
                                                          ----------------------------

NET LOSS                                                  $ (3,107,098)   $ (4,653,995)
                                                          ============================


Weighted average shares outstanding - basic and diluted     41,849,460      36,806,198
                                                          ============================

Net loss per share - basic and diluted                           (0.08)          (0.13)
                                                          ============================

See accompanying notes.

</TABLE>


<PAGE>


<TABLE>
<CAPTION>

INTERLINK GLOBAL CORPORATION AND SUBSIDIARIES
Consolidated Statement of Stockholders' Equity
Years ended December 31, 2007 and 2006                                                    Issuance of
                                                            Additional        Stock        Common
                                 Common Stock                 Paid-In      Subscription   Stock for
                                      Shares    Par Value     Capital       Receivable     Services        Deficit        Total
                                 ------------  -----------  -----------    ------------   -----------      --------       -----
                                 --------------------------------------------------------------------------------------------------
<S>                              <C>          <C>           <C>            <C>            <C>            <C>            <C>
Balance December 31, 2004        11,472,667   $    11,473   $   509,876    $        --    $        --    $  (535,802)   $   (14,453)
                                 --------------------------------------------------------------------------------------------------

Effect of shares issued in
merger                           14,968,218        14,968       (14,968)            --             --             --             --

Issuance of Common Stock
   Cash                           1,012,037         1,012       831,238       (300,000)            --             --        532,250
   Issuance stock for services      430,000           430       114,670             --             --        115,100
   Consulting and technical         317,000           317       316,683             --             --        317,000
   Deferred consulting fees         325,000           325       324,675       (325,000)            --             --
   Founder shares                 4,869,000         4,869            --         (4,869)            --             --             --

Amortization deferred fees               --            --            --             --        146,000             --        146,000

Net loss                                 --            --            --             --             --     (1,617,836)    (1,617,836)

Effect of Quasi reorganization           --            --    (2,082,174)            --             --      2,082,174             --
                                 --------------------------------------------------------------------------------------------------
Sub-total                        21,921,255        21,921      (509,876)      (304,869)      (179,000)       464,338       (507,486)
                                 --------------------------------------------------------------------------------------------------

Balance at December 31, 2005     33,393,922        33,394            --       (304,869)      (179,000)       (71,464)      (521,939)

Issuance of common stock
   Cash                           7,419,000         7,419     1,066,688        304,869             --             --      1,378,976
    Services                        235,000           235       234,765             --             --             --        235,000
   Acquisition of CNH/NGTV        6,000,000         6,000     2,994,000             --             --             --      3,000,000
   Acquisition of MetroIP           551,000           551       550,665             --             --             --        551,216
  Deferred consulting fees               --            --            --             --        179,000        179,000

Net loss                                 --            --            --             --             --     (4,653,995)    (4,653,995)
                                 --------------------------------------------------------------------------------------------------

Balance at December 31, 2006     47,598,922        47,599     4,846,118             --             --     (4,725,459)       168,258

Additions - new shares              250,000           250        24,750             --             --             --         25,000

Net loss                                 --            --            --             --             --     (3,107,098)    (3,107,098)
                                 --------------------------------------------------------------------------------------------------

Balance at December 31, 2007     47,848,922   $    47,849   $ 4,870,868    $        --    $        --    $(7,832,557)   $(2,913,840)
                                 ==================================================================================================

See accompanying notes.

</TABLE>


<PAGE>

<TABLE>
<CAPTION>

INTERLINK GLOBAL CORPORATION AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the years ended December 31, 2007 and 2006                                 2007           2006
                                                                               ----           ----


<S>                                                                         <C>              <C>
Net Loss                                                                   (3,107,098)    (4,653,995)

Adjustments to reconcile net loss to cash used in operating activities:
   Depreciation expense                                                     1,281,387        872,912
   Gain on settlement of trade debt                                                --             --
   Bad debt                                                                        --         61,635
   Impairment of assets                                                            --        546,230
   Issuance of common stock for services                                           --        235,000
   Amortization of deferred fees                                              124,967        411,004
Changes in assets and liabilities:
   Increase in accounts receivable                                            131,103       (159,368)
   Increase in other receivables                                                 (133)        (1,934)
   Increase in accounts payable                                               463,092      1,141,144
   Increase in accrued expenses                                               464,476       (273,192)
                                                                          --------------------------
Net cash used in operating activities                                        (642,206)    (1,820,564)
                                                                          --------------------------

Cash Flows from Investing Activities:
   Purchase of property and equipment                                        (283,727)      (296,744)
   Increase in noncurrent assets                                             (473,630)      (743,374)
   Payment for purchase of Venezuelan company, net                                 --     (1,589,218)
                                                                          --------------------------
Net cash used in investing activties                                         (757,357)    (2,629,336)
                                                                          --------------------------

Cash Flow from Financing activities:
   Issuance of common stock                                                    25,000      2,063,473
   Issuance of common stock for settlement of debt                                 --             --
   Proceed from stock subscription receivable                                      --        304,869
   Net proceeds from senior convertible notes                               1,475,000             --
   Proceeds from note payable to officer                                      (44,139)       144,840
   Proceeds from due to stockholder                                                --         90,000
   Net increase in other notes payable                                        (51,873)       442,486
                                                                          --------------------------
Net cash provided from financing activities                                 1,403,988      3,045,668
                                                                          --------------------------

(Decrease) Increase in cash                                                     4,425     (1,404,232)

Cash and equivalents, beginning                                                40,477      1,444,709
                                                                          --------------------------
Cash and equivalents, ending                                                   44,902         40,477
                                                                          --------------------------

Supplemental disclosures
   Cash paid for interest                                                 $        --    $ 13,302.00
   Cash paid for income taxes                                             $        --    $        --

Supplemental disclosures for non-cash items:
   Shares for consulting and technical services                           $        --    $   235,000
                                                                          ==========================
   Shares issued for settlement of debt                                   $        --    $   115,100
                                                                          ==========================

See accompanying notes.

</TABLE>


<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

Note 1 Organization and Summary of Significant Accounting Policies

Nature of Operations
--------------------
The Company provides telecommunications applications utilizing hardware and
software that enables its domestic and world-wide users to access the world-wide
Internet as a transmission medium for telephone calls locally and throughout the
world. The sale of Internet telephone is made possible using Voice over Internet
Protocol ("VoIP"). Our markets are located in Latin America (namely Venezuela
and Colombia).

Organization
------------
In 1987, Hawaii Ventures, Inc. ("HVI") was organized under the laws of the State
of Utah as a public company for the purpose of acquiring a participation
interest in any and all types of businesses and products. HVI's stock offering
was a "blind pool" offering.

In 1992, the Company acquired privately-held Infinity Worldwide Trading Corp., a
New York company, and changed its name to Infinity Worldwide Inc. ("IWI"). The
principal business of IWI became the purchase of discounted and surplus consumer
products for resale in eastern Europe. This venture eventually failed and IWI
was dormant since mid-1994 through mid-January 2005.

On January 12, 2005, IWI effectuated a merger with Interlink Global Corp., a
Florida corporation, acquiring the issued and outstanding shares of IWI and
liquidating it. Simultaneously, the state of incorporation was changed to Nevada
and the entity's name was changed to Interlink Global Corporation (the
"Company"). The stock symbol was changed to ILKG.

Principles of Consolidation
---------------------------
The accompanying consolidated financial statements include the accounts of
Interlink Global Corporation, and its owned subsidiaries, Communication Networks
Holdings, Ltd. ("CNH") and MetroIP. All significant inter-company accounts and
transactions between the Company and its Subsidiaries for the years presented
have been eliminated in consolidation.

Note 2 Summary of Significant Accounting Policies

Cash and Cash Equivalents
-------------------------
The Company considers all highly liquid debt instruments with an original
maturity of three months or less at the date of purchase to be cash equivalents.

Accounts receivable and allowance for doubtful accounts
-------------------------------------------------------
Trade and other receivable are reported at fair market value less any provisions
for uncollectible accounts considered necessary. Accounts receivable primarily
includes trade receivables from customers. The Company estimates doubtful
accounts on an item-by-item basis and include over-aged accounts as part of
allowance for doubtful accounts, which are generally accounts that are 90 days
or more overdue. Bad debt expense for year ended December 31, 2007 and December
31, 2006 were $(4,582) and $61,635, respectively.

Revenue Recognition
-------------------
Revenue for voice, data and other services to end-users are recognized in the
month in which the service is provided. Amounts invoiced and collected in
advance of services provided are recorded as deferred revenue. Revenues for
carrier interconnection and access are recognized in the month in which the
service is provided.


                                       1
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

Note 2 Summary of Significant Accounting Policies (continued)

Use of Estimates
----------------

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

Concentrations of Business and Credit Risks
-------------------------------------------

The Company maintains ash balances in various banks between the United States of
America ("US"), Venezuela and Colombia. Balances maintained in a US banks,
sometimes exceed the Federal Deposit Insurance Corporation ("FDIC") limit of
$100,000 per account.

Basic and Fully Diluted Net Loss Per Common Share
-------------------------------------------------

The Company follows the provisions of Statement of Financial Accounting
Standards No. 128 (SFAS 128), Earnings per Shares ("EPS"). SFAS No. 128 requires
companies to present basic earnings (loss) per share (EPS) and diluted EPS,
instead of primary and fully diluted EPS presentations that were formerly
required. Basic EPS is computed by dividing net income or loss by the weighted
average number of common shares outstanding during each year. For the periods
presented, the Company had no potentially dilutive instruments.

Impairment of Long-Lived Assets
-------------------------------

The Company follows FASB Statement No. 144 (SFAS 144), "Accounting for the
Impairment of Long-Lived Assets". SFAS 144 requires that long-lived assets to be
held and used are reviewed for impairment whenever events or changes in
circumstances indicate that the related carrying amount may not be recoverable.
When required, impairment losses on assets to be held and used are recognized
based on the fair value of the asset. Long-lived assets to be disposed of, if
any, are reported at the lower of carrying amount or fair value less cost of
sell.

Impairment of  Goodwill
-----------------------

Goodwill was recorded in the acquisition of MetroIP in the fourth quarter of
2006. Goodwill is tested for impairment annually in the last quarter of the
year, unless management believes events have occurred or circumstances have
changed that would require testing. Due to continued operating losses and cash
flows being lower than expected through the second quarter of 2007, in December
2006, a goodwill impairment loss of $546,230 was recognized. The fair value of
goodwill was estimated using the expected present value of future cash flows.

Reclassifications - Certain amounts in the prior year financial statements have
been reclassified for comparative purposes to conform to the current year
presentation.

Fair Value of Financial Instruments - Cash, accounts receivable, accounts
payable, accrued expenses, current and non-current portion of debt, and other
liabilities are carried at amounts which reasonably approximate their fair value
due to the short-term nature of these amounts or due to variable rates of
interest which are consistent with current market rates.


                                       2
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

Note 2 Summary of Significant Accounting Policies (continued)

Recent Accounting Pronouncements - In July 2006, the FASB issued FASB
Interpretation No. ("FIN") 48, "Accounting for Uncertainty in Income Taxes"--an
interpretation of FASB Statement No. 109. FIN 48 clarifies the accounting for
uncertainty in income taxes recognized under SFAS No. 109, FIN 48 prescribes a
recognition threshold and measurement attribute for financial statement
recognition and measurement of a tax position taken or expected to be taken in a
tax return and also provides guidance on various related matters such as
derecognition, measurement and classification of income tax uncertainties,
interest and penalties, and disclosure. FIN 48 also includes guidance concerning
accounting for income tax uncertainties in interim periods and increases the
level of required disclosures associated with any recorded income tax
uncertainties. The differences between the amounts recognized in the statements
of financial position prior to the adoption of FIN 48 and the amounts reported
after adoption are to be accounted for as a cumulative-effect adjustment
recorded to the beginning balance of retained earnings. FIN 48 was effective
beginning in fiscal year 2007 and did not have a material effect on the
Company's consolidated financial position, consolidated results of operations,
or liquidity.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". This
Statement defines fair value, establishes a framework for measuring fair value
while applying generally accepted accounting principles, and expands disclosures
about fair value measurements. SFAS No. 157 establishes a fair value hierarchy
that distinguishes between (1) market participant assumptions based on market
data obtained from independent sources and (2) the reporting entity's own
assumptions developed based on unobservable inputs. The Company is still
evaluating the impact of SFAS No. 157 on its financial statements, which is
effective beginning in fiscal year 2008, but does not expect its adoption to
have a material impact on its consolidated financial statements.

In September 2006, the Securities and Exchange Commission ("SEC") issued Staff
Accounting Bulletin No. 108, " Considering the Effects of Prior Year
Misstatements when Quantifying Misstatements in Current Year Financial
Statements " ("SAB 108"). SAB 108 provides interpretive guidance on how the
effects of the carryover or reversal of prior year misstatements should be
considered in quantifying a current year misstatement. The SEC staff believes
that registrants should quantify errors using both a balance sheet and an income
statement approach and evaluate whether either approach results in quantifying a
misstatement that, when all relevant quantitative and qualitative factors are
considered, is material. The provisions of SAB 108 were effective for the
Company's fiscal year ending December 30, 2006. The adoption of SAB 108 did not
have a material impact on the Company's consolidated financial statement.

Note 3 Going Concern and Management's Plans

As reflected in the accompanying consolidated financial statements, the Company
incurred a consolidated net loss of $3,000,606 for the year ended December 31,
2007 due principally to expenses incurred for general and administrative
expenses and payroll. To date, the Company has not generated significant
recurring gross profit and the limited gross profit for the current year will
not be sufficient to sustain the operations. The ability of the Company to
continue as a going concern is dependent upon its ability to obtain financing
and achieve profitable operations. The Company's strategy is to acquire
operating entities established in the telecommunication industry. The plan also
includes raising equity capital through private stock offerings. The
consolidated financial statements do not include any adjustments that might be
necessary should the Company be unable to continue as a going concern.


                                       3
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------


Note 4 Acquisitions

Communications Network Holdings (Venezuelan Company)
----------------------------------------------------

Effective March 15, 2006, the Company signed a Share Purchase Agreement (the
"Agreement") with Nera ASA ("NERA"), a Norwegian company , to acquire all of the
issued and outstanding common stock of Communication Networks Holdings, Ltd., an
exempted company incorporated and existing under the laws of Bermuda ("CNH").
The acquisition included CNH's ownership of all of the issued and outstanding
capital stock of Telecomunicaciones NGTV, S.A. ("NGTV"), a Venezuelan
corporation engaged in the provision of telecommunication services.

Subject to the terms of the Agreement, the Company purchased CNH, free from any
lien, charges and encumbrances, for a purchase price of $1.75 million. Under the
terms of the Agreement, the Company has agreed to inject into NGTV, within 150
days of the closing date, $2 million in order to fund the investment and working
capital needs of NGTV. Of this amount, $979,179 will be used to fund unpaid
salaries and severance obligations of NGTV. On August 3, 2006, the Company's
Board of Directors authorized the issuance of four million shares of restricted
stock (fifty cents per share) for compliance with this provision of the
Agreement.

As part of further negotiations of a debt reduction program and for further
additional negotiations for the purchase of CNH, the Company utilized the
services of Lane Bridge Overseas, Ltd., a British Virgin Islands company
("Lane"), an affiliate of Nera. In consideration of such services, the Company
has granted Lane an exclusive and irrevocable purchase option through December
31, 2009, for two million shares of the Company's common stock, quoted on the
OTC market in the United States, at a sale price of one cent per share. Based
upon the per share price of fifty cents per share for the payment of the Cash
Consideration as discussed in the preceding paragraph, these two million shares
will be valued at fifty cents per share.

MetroIP (Colombian Company)
---------------------------
Effective November 3, 2006, the Company acquired a 66% equity interest in
MetroIP Colombia S.A. ("MetroIP"), a telecommunications company headquartered in
Barranquilla, Colombia.


Note 5 Property and equipment

Depreciation expense for year ended December 31, 2007 was $1,104,829 compared to
$872,912 for December 31, 2006. Typical fixed assets are made up of Office and
computer equipment with normal life of 5 years - method used for depreciation is
straight line. The largest item in fixed asset deals with Telecommunication
equipment with normal life of 7 years - method of depreciation is straight line.

Note 6 Commitment and Contingencies

Leases
------

Interlink accounts for occupancy leases as operating expenses. There are no
capitalized leases. Minimum future lease payments as of December 31, 2007 were
as follows:

Year                       12/31/07
----                       --------

2008                       145,415
2009 (annual renewals)           0
                           --------
Total                      145,415
                           --------


                                       4
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

Note 6 Commitment and Contingencies (continued)

Employment arrangement
----------------------

The Company has an Employment Agreement with the Chief Executive Officer, in
consideration of his services the Company has agreed to pay a base salary of
$52,000 plus certain bonuses and awards if the Company achieves certain goals.
As of December 31, 2007 and 2006, none of these goals had been realized. The
agreement is effective though December 31, 2008.

Legal Proceedings
-----------------
On August 18, 2006, we filed a lawsuit against a potential investor and the
owner, agent and principal of in connection with an agreement to acquire 100% of
Assai's voting common stock on August 2005. After delivery of the purchase price
of $62,000 and 1million shares of Company common stock (worth (approximately
$1million) to the owner, it was noted, that the owner had many several material
misrepresentations and omissions of facts regarding the value of the investment
.. As a result the Company has sued for rescission of the purchase agreement and
the transactions contemplated therein. The causes of action arise from alleged
violations of Federal and Florida laws, common law rescission, fraud,
constructive trust and unjust enrichment as a result of alleged fraudulent
statements, acts and omissions by the owner. The amount in controversy is
approximately $115,000, exclusive of interest and costs. The case was settled
and the Company received all shares and all claims were satisfied.

On May 3, 2006, Strategic Computer Solutions ("SCS") filed an action against the
Company alleging an outstanding unpaid balance for computer related equipment
purportedly ordered by the Company. The Company believes the products were never
received by an authorized employee of the Company.
Legal action is still pending.

Interlink has long had a relationship with TBeck Capital, Aritex Consultants,
Warren Street Investments, Victoria, et al (collectively referred to as TBeck).
TBeck was engaged as the investment banker and funds raising company for
Interlink Global Corp. remuneration was in the form of stock issues and
repayment of loans to the company.
Settlement Agreement was reached between TBeck Capital and Interlink Global
Corp., dated August 2, 2007 - mutual release of all claims.

Note 7 Accrued for labor indemnities

The Company purchased two subsidiaries - NGTV/CNH and MetroIP. Foreign
subsidiaries are required to record accrued unpaid labor fringe benefits (ie:
vacation, sick days etc.) These accruals become due and payable upon termination
or severance of individual employees.

Note 8 Income Taxes

As of December 31, 2007 the Company had a net operating loss carry forward of
approximately $0.0 million. This loss may be carried forward to offset federal
income taxes in various future years through the year 2026. During 2005, there
was a significant ownership change in the Company as defined in Section 382 of
the Internal Revenue Code. As a result of these changes, the Company's ability
to utilize net operating losses available before the ownership change is
restricted to a percentage of the market value of the Company at the time of the
ownership change. Therefore, substantial net operating loss carry forwards will,
in all likelihood, be reduced or eliminated in future years due to the change in
ownership.
A deferred tax asset has been provided to record the effect of the cumulative
tax losses. Due to the uncertainty as to whether these losses will be realized,
the Company has provided a valuation allowance equal to the amount of the
deferred tax asset.


                                       5
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

<TABLE>
<CAPTION>


Note 8 Income Taxes (continued)


<S>                                                                         <C>            <C>
The provision for income taxes are summarized as follows:                   2007           2006

Current tax, net of utilization of net operating loss carry-forward
Federal                                                                       -              -
State                                                                         -              -
Total current tax                                                             -              -

Deferred tax, net of utilization of net operating loss carry-forward
Federal                                                                       -              -
State                                                                         -              -
Total deferred tax                                                            -              -

Total income taxes                                                            -              -

</TABLE>

The company files consolidated income tax returns with its two subsidiaries.
Deferred income taxes and benefits for 2007 and 2006 are provided for certain
income and expenses which are recognized in different periods for tax and
financial reporting purposes. The principal temporary differences that give rise
to the deferred tax asset (liability) and the effects (computed at 20% in both
years) that the changes in those temporary differences had on the provision for
deferred tax expense as follows:

Items                                                2007               2006

Deferred tax assets:
Allowance for bad debts                          $   000,000        $   114,097
Net operating loss carry-forward                   0,000,000          1,120,000
                                                 -----------        -----------

Total deferred tax asset                           0,000,000          1,234,097
                                                 -----------        -----------

Deferred tax liability:
Depreciation                                          (0,000)            (8,769)
                                                 -----------        -----------


Total deferred tax liability                          (0,000)            (8,769)
                                                 -----------        -----------
Less: Valuation allowance                         (0,000,000)        (1,225,328)
                                                 -----------        -----------

Net deferred tax asset                           $        --        $        --
                                                 -----------        -----------

A valuation allowance must be established to reduce deferred income tax benefits
if it is more likely than not a portion of the deferred income tax benefits will
not be realized. It is Management's opinion that it is likely that the tax
benefit will not be recognized in future years. Therefore, a valuation allowance
has been established.


                                       6
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------


Note 9 Issuance of Series A and B Senior Convertible Notes

On November 29, 2005, the Company issued a Series A Senior Convertible Note for
$2 million, resulting in net proceeds of $1,767,000; the notes bear interest at
10% and mature on May 29, 2008. Closing costs of $233,000 are being amortized
through that date. One-fourteenth (1/14th) of the principal and all accrued but
unpaid interest is due monthly commencing in January 2007; the principal and
accrued interest may be paid in registered shares of the Company's common stock
at a conversion price equal to 85% of the average closing bid price for the ten
trading days preceding the payment due date.
Accrued interest and principal on these notes were exchange for Common stock
shares.

On February 28, 2006, the Company issued two Series B Senior Convertible Notes
for $1,297,550, resulting in net proceeds of $1,142,635; notes bear interest at
ten percent and mature in August 28, 2007. Closing costs of $154,915 are being
amortized through that date, commencing in March 2006. One-fourteenth (1/14th)
of the principal and all accrued but unpaid interest is due monthly, commencing
in January 2007; the principal and accrued interest may be paid in registered
shares of the Company's common stock at a conversion price equal to 85% of the
average closing bid price for the ten trading days preceding the payment due
date.
At present, expired Convertible Notes are under request for extension of time to
August 28, 2008.

In connection with these agreements, the Company issued warrants to purchase an
aggregate of 12,064,044 shares of common stock: (i) 10,644,744 to the note
holders (at an exercise price of $1.05 per share) and (ii) 1,419,300 to the
placement agents (at varying exercise prices, ranging from $.75 to $3.25 per
share). The warrants to the note holders expire at varying dates through
February 2016.

Registration of Restricted Stock
--------------------------------
In accordance with the abovementioned Series A and Series B Senior Convertible
Notes, the Company was obligated to file a registration statement within forty
five days of the closing dates. In as much that a registration statement was not
filed within that period, the Company is obligated to pay liquidated damages of
1.5 percent per month based upon the principal balance (not to exceed 9%).
Accordingly, the Company is obligated to issue an additional 240,000 warrants
with an exercise price of $.75 per share (for the Series A Notes) and 155,706
warrants with an exercise price of $.75 per share for the Series B Notes.

Note 10 Stock issuance

Shares Issued per Merger
------------------------
In February 2005, pursuant to the merger agreement (per Note 1 above), the
Company effected a one share for three share reverse stock split and issued a
net total of 13,149,680 restricted shares of common stock, recorded at par
value. In March 2005, the Company' transfer agent placed a total of 10,889,859
shares in reserve as security for shares lost by shareholders in lieu of a bond.
These shares are considered outstanding, but unissued. As of March 31, 2006,
50,000 shares were issued and removed from the reserve. These share transactions
have been recorded at par value.

Shares Issued for Services
--------------------------
During the three months ended March 31, 2006, the Company issued 235,000
restricted shares of common stock for various technical and consulting services,
including investor relations, corporate restructuring, private placements and
financing projects. The shares were valued at $1 per share; expense of $235,000
was recognized for the period.


                                       7
<PAGE>

                          INTERLINK GLOBAL CORPORATION
                          ----------------------------
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                           December 31, 2007 AND 2006
                           --------------------------

Note 10 Stock issuance (continued)

Shares Issued for Current and Future Consulting Services
--------------------------------------------------------
In May and June 2005, the Company issued 325,000 restricted shares of common
stock pursuant to consulting agreements for investor relations, research
reporting and other services to be rendered. The transactions were recorded at
$325,000. The Company recorded this amount as deferred consulting fees and is
amortizing the costs over the terms from August 2006 to June 2007.

Shares Issued for Cash
----------------------
In April 2006, the Company issued 555,000 shares of restricted common stock for
$1 per share. No new shares have been issued for cash.

Issuance of Convertible Debentures
----------------------------------
In May and June 2006, the Company issued 11% convertible debentures aggregating
$48,500. The debentures are due December 31, 2009 and provide for a conversion
price of $1.25 per share.

Additional Financing Arrangements
---------------------------------
In July 2006, the Company signed a Placement Agent Agreement for the proposed
private placement of up to $5 million of the Company's common stock. As
compensation for its services, the placement agent is to be paid 10% percent of
such financing. In addition, in August 2006, the Company signed a letter of
intent for additional financing of up to $1 million in two years, 7% convertible
notes as compensation for its services.

Note 11 Related party transactions.

Advances from officers amounted to $134,558, as of December 31, 2007 is and is
due within one year of advance date. Due to shareholders amounted to $171,186,
as of December 31, 2007 and is due within one year of dated received.

Note 12 Subsequent Events

Issuance of Convertible Debentures
----------------------------------
On March 31, 2007, the Company issued Series D Senior Convertible Notes for
$1,500,000, resulting in net proceeds of $1,415,300, the notes bear interest at
twelve percent and mature in March 2011. Closing costs of $84,700 are being
amortized through that date, commencing in April 2007.


                                       8