Securities  and  Exchange  Commission
                               Washington  DC  20549
                                   Form  10-KSB

GENERAL  FORM  FOR  REGISTRATION  OF  SECURITIES  OF  SMALL  BUSINESS  ISSUERS

[X] Annual  Report Under Section 13 or 15(d) of the  Securities  Exchange Act of
1934:  For  the  fiscal  year  ended  December  31,  2004

[ ] Transition  Report Under Section 13 or 15(d) of the Securities  Exchange Act
of  1934:  For  the  transition  period  from__________  to____________

Commission  file  number  0-29987
                        -------------

                         Global  Links  Corp.
                  ------------------------------------
                 (Name  of  Small  Business  Issuer  in  its  charter)


            Nevada                                 88-0106514
            ------                                 ----------
      (State  or  other  jurisdiction  of           (I.R.S.  Employer
       incorporation  or  organization)           Identification  No.)

            3571  East  Sunset  Road,  Las Vegas, Nevada 89120
        ------------------------------------------------------------
                    (Address  of  principal  executive  offices)

                                 (702)  436-7007
                                 ----------------
                            Issuer's  telephone  number

        Securities  registered  under  Section  12(b)  of  the  Act:  NONE

        Securities  registered  under  Section  12(g)  of  the  Act:

          $0.0001  Par  Value Voting Common Shares            OTC Bulletin Board
          ---------------------------------------             ------------------
                  (Title  of Class)                        (Registered Exchange)

Check whether the issuer (1) filed all reports  required to be filed by Sections
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.  [X]Yes [ ]No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  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.  [ X ]

The  issuers  revenues  for  the  year  ended  December  31,  2004. $ 113,183

<PAGE>
The aggregate  market value of the voting and  non-voting  common equity held by
non-affiliates  based on the average bid and asked price of such common  equity,
as  of  March 31,  2005  was  $261,800.

The  number of shares outstanding of each of the issuer's classes of such common
equity,  as  of  March  31,  2005,  was  4,028,362  shares  of Common Stock and
15,000,000  shares  of  Series  B  Preferred  Stock.

Transitional  Small  Business  Disclosure  Format  (check  one):  Yes___;  No_X_

                                     PART  I

ITEM  1.  DESCRIPTION  OF  BUSINESS.

Organization  and General History Global Links Corp. (hereinafter referred to as
"Global  Links"  or the "Company") was formed as a corporation under the laws of
the  State  of  Nevada  in  1952 under the name "Blue Jacket Mining Company". In
December  1994  the Company's shareholders approved a reverse merger with United
Casino  Corporation, a Nevada Corporation, and the Company's name was changed at
that  time to United Casino Corporation. In August, 2000, the Company's name was
again  changed  to  United  Trading.Com,  and in December 2001, the shareholders
approved  a  name  change  to Global Links Corp. In 2002, the Company decided to
pursue  the business of marketing electronic transactions by offering a suite of
comprehensive  electronic products and proceeded to establish relationships with
various companies which provide such products and others which specialize in the
marketing  of these products. In 2003, the Company transferred all of the assets
and liabilities relating to the business of marketing electronic transactions to
its  wholly  owned  subsidiary,  Global  Links  Card  Services, Inc. ("GLCS") In
December,  2004,  the  Company sold all of its interests in GLCS to an unrelated
corporation.  Also  in  2003,  the  Company  merged  with  Capitol Group Holding
Corporation  and  in  addition  to  the  marketing  of  electronic  transactions
products,  the  Company  entered  the  business  of real estate acquisitions and
development, real estate information services and international housing projects


-     BUSINESS  OF  ISSUER
      --------------------

The  company is currently focused in three markets; real estate acquisitions and
development,  real  estate  information  services  and  international  housing
projects.

The  Company  anticipates  cash  requirements  to  Be approximately $800,000 for
operations  in  2005. Over the next twelve months the Company intends to develop
revenues  by  developing  specific  target markets. Management believes that the
Company  will  be  able to generate sufficient revenue from ongoing sales in its
information  division  and  through  the  sale  of  non-performing  assets.

The  Company  does  not currently rely on the availability of any raw materials.

The Company intends to apply for patents and copyrights when deemed appropriate.
Currently  there  are  no  patents  or  copyrights  held  by  the  Company.

During  the  Company's  current  stage  of development there are no governmental
Approvals  Required  for  any  of  the  Company's  activities.

The  Company  expended  $125,000  in  research  and  development  of its RE-Info
Internet  site  in  2004.  The Company expects to incur an additional $25,000 on
this  project  in  2005.

The  Company  does  not believe that its current or near term planned operations
will  require  approval  under  existing  environmental  laws.

The  Company  currently  has  Five  full  time  employees. The Company expects a
requirement  for  three  additional  individuals  in  2005  for  marketing  and
accounting  control.



Item  2  DESCRIPTION  OF  PROPERTY.
        -----------------------

LOCATION & CONDITION OF PROPERTY

A) Sunset Office building, 3571 E. Sunset Road, Las Vegas, NV 89120. Property is
a  profession office building, subject to a mortgage with a principal balance of
approximately  $1,274,000.

B)  1,000  undeveloped  residential  lots,  Valle Vista Subdivision, Kingman, AZ
These  are  residential  lots  that have not yet been developed. The property is
subject  to  a  mortgage with a principal balance of approximately $200,000 plus
accrued  interest  of  $36,000,  and  delinquent property taxes of approximately
$3,860,000.

REAL ESTATE INVESTMENT POLICIES
The  Company  has  no  formal policies regarding investment in real estate, real
estate  mortgages  or securities of or interests in persons primarily engaged in
real  estate  activities.  However,  there are no plans to invest in real estate
mortgages  or  securities  of  or interests in persons primarily engaged in real
estate  activities.  The  Company  does plan to acquire assets for both possible
capital  gain  and for income. Policies regarding real estate investments may be
made  and/or  revised  by Company management without a vote of security holders.

DESCRIPTION OF REAL ESTATE AND OPERATING DATA

A)  Sunset office building

1)  3571  E.  Sunset  Road,  Las Vegas, NV 89120. This office building comprises
9,300  square  feet  and is in excellent condition as an A+ office building. The
Company  acquired  the  building  as  an  empty shell in June, 2004. The Company
completed  the  tenant  improvements  in  October,  2004.

The  Company  has  an  option  and plans to acquire two parcels that are located
adjacent  to  the  Sunset  property.  These properties are identified as 3587 E.
Sunset  Road,  and  3611  E.  Sunset  Road.  These  lots  are being acquired for
expansion  of  the  existing  Professional  Office  Bldg.

2) Title is Fee Simple
Property  is  a  Professional  Office  Building.  This  property is subject to a
mortgage with a principal balance of approximately $1,271,149.14.  This mortgage
is  payable at 8% interest per annum and is due and payable on May 30, 2006. The
balance  due  at  maturity  will  be  $1,258,727.78

3) The Company plans to exercise two options to acquire properties identifies as
3587  E.  Sunset  Road  (Property  A)  and  3611  E.  Sunset  Road  (Property B)


Property  A  is  being  acquired  for  $1,000,000.  The  seller  has  received a
non-refundable  deposit  of  $175,000.  The seller will carry a mortgage for the
remaining  $825,000 at 7.25% interest per annum, amortized over a 30 year period
and  due in 4 years. A principal payment o $250,000 will be due at the end of 24
months.

Property  B is being acquired for $1,100,000.00. The seller has already received
a  non-refundable  deposit  of $175,000.00. The seller will carry a mortgage for
the  remaining $925,000.00 at 7.25% interest per annum, amortized over a 30 year
period and due in 4 years. A principal payment of $250,000.00 will be due at the
end  of  24  months.

4) Company intends to develop Property A and Property B into two separate office
buildings.  Leases  are  currently  in  negotiations  to assist the construction
financing.

5.  The  existing  Sunset  Building  is  of  a  quality above any existing local
competition.  The  superior overall quality of this property will greatly assist
the  Company  in  being  able  to  continue to keep the property fully occupied.

6.  The property is, in the opinion of management, adequately insured.

7.  The  Sunset Office Building is currently 100% occupied. The Company occupies
33%  of  the building, the remaining 67% is occupied by Southwest Title Company.
The Southwest Title Company lease is a 5 year lease with four 5 year extensions.
Southwest  Title also has an option to relocate to one of the new buildings when
they  are  completed,  occupying  9,300  square  feet.

The Company is in the business of acquiring, renovating and managing real estate
projects. Southwest Title Company is a full service title company with 7 offices
in  the  Las Vegas area. In addition to a title office, Southwest Title also has
their  title  plant located at the Sunset Office Building. The average effective
annual  rent  is  $20.40  per  square  foot.

Number  of  tenants  whose leases will expire: 1, expires October 31, 2009 (2014
after  5  year  extension)
Total area in square feet covered by such lease:  5,800

Annual rental represented by such lease:  $118,320

Percent of gross annual rental by such lease:  100%

Federal Tax basis:  Building: $1,382,000
                    Building improvements: $238,000
                    Land: $541,705
Rate:  Building: 3.33%/year
       Building improvements:  10%/year
Method: Straight line
Life claimed:  Building: 30 years
               Building improvements: 10 years
Annual taxes:  Property taxes are $13,416

B. 1,000 UNDEVELOPED RESIDENTIAL LOTS

1.  Valle  Vista  Subdivision,  Kingman,  AZ. The Company owns 1,000 undeveloped
residential  lots in the Valle Vista Subdivision. The Company intends to develop
these  lots into a senior housing development. The emphasis on this project with
be  a  high  quality  senior housing project, that is offered for sale at a very
affordable  price.

2. These are residential lots that have not yet been developed. This property is
subject to a mortgage with a principal balance of approximately $200,000, and is
also  subject  to  delinquent  property  taxes  of  approximately  $3,860,000.

3.  There are no leases applicable to this property.

4. The Company intends to develop the 1,000 residential lots in Kingman, AZ as a
priority  project.  There  is  no  financing  in  place  at  this  time.

5.  The lots are being targeted at the affordable senior housing market. This is
the  fastest  growth  segment  of  the  real  estate  market.

6.  The property, in the opinion of management, is adequately insured.

7.  Annual property taxes are currently approximately $25,000

Item  3  LEGAL  PROCEEDINGS.
        -----------------

The  Company  is  not  a  party  to  any  pending  legal  proceedings.


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

None

                                     PART  II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELTED  STOCKHOLDER  MATTERS
         -----------------------------------------------------------------------
STOCKHOLDER  MATTERS.
-------------------

The Company's stock is traded under the symbol GLKC.
Quotations for the Company's stock are published  on  the  OTC  Bulletin  Board.
The  low and high  sales  prices  for  each  quarter  for  the  years
ended  December  31,  2003  and 2004 adjusted for all forward and reverse splits
were  as  follows:

          Quarter  Ended                 Low                    High  *
          --------------            ---------------        ----------------

          March  31,  2003              $14.000            $168.000
          June  30,  2003                21.000             105.000
          September  30,  2003           10.500              38.500
          December  31,  2003             3.500              24.500

          March  31,  2004                3.500              23.450
          June  30,  2004                 1.750              11.900
          September  30,  2004            0.140               2.660
          December  31,  2004             0.001               0.280

*  Prices  adjusted for 1/8 reverse stock split effective December 21, 2002, a
1/40  reverse  stock  split  effective  April  16, 2003, a 1/350 reverse stock
split effective October 7, 2004.

Quotations  for  Global Link's common stock reflect inter-dealer prices, without
retail  markups,  markdowns  or  commissions  and  may  not  represent  actual
transactions.


-     HOLDERS
-------  The number of holders of the Company's common stock as of Dec. 31, 2004
Was  approximately  136  These numbers do not include an indeterminate number of
stockholders  whose  shares  may  be  held  by  brokers  in  street  name.

-     DIVIDENDS
      ---------

(1)     No  cash  dividends have been declared on any stock of the Registrant in
the  last  two  fiscal  years.

(2)     The  Registrant  does  not plan to pay dividends on common equity in the
foreseeable  future.


     RECENT  SALES  OF  UNREGISTERED  SECURITIES
     ---------------------------------------
The  Table  below  summarizes  the  information  required  for  all the sales of
unregistered  securities  by  Registrant  for  the  past  3  years.

<TABLE>
<CAPTION>

Date      Shares*         Base Rules Relied        Shareholder      Consideration other
          of common       upon for Exemption         Name or             Than Cash
          stock           from Registration**         Class
        ---------------  --------------------     --------------    -------------------
<S>     <C>              <C>                      <C>               <C>
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Ellshay, LLC      Consulting Services
May-02               11  Act.                     a Calif. corp     Valued at $9,000

                         --------------------     --------------    --------------------
                         Regulation S &           BFI Ltd.          Consulting Services
May-02               22  Section 4(2) of the      a Cook Is.        Valued at $18,000
                         Act.                     Corp
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Corp.             Stock in lieu of
Jul-02            1,050  Act.                     Directors.        Compensation
                                                                    Valued at $22,500
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Ellshay, LLC      Consulting Services
Nov-02              234  Act.                     a Calif. LLC      Valued at $3,600

                         --------------------     --------------    --------------------
                         Section 4(2) of the      Mark Ehrlich      Consulting Services
Dec-02            1,167  Act.                     an Individual     valued at $30,000
                                                  Mktg Consultant
                         --------------------     --------------    --------------------
Mar-03           18,244  Section 4(2) of the      James G. Brewer   As reimbursement for
                         Act                      An Individual     expenses and loans to
                                                  Director and      the company in the
                                                  Officer           amount of $15,637
                         --------------------     --------------    --------------------
Apr-03        1,400,000  Section 4(2) of the      Former share-     Acquisition of Capitol
                         Act                      holders of        Group Holdings
                                                  Capitol Group
                                                  Holdings
                         --------------------     --------------    --------------------
Jul-04       11,665,000  Section 4(2) of the      Frank J. Dobrucki Consulting Services
                         Act                      Company officer   valued at

</TABLE>



*  Prices  adjusted  for  1/8 reverse stock split effective December 21, 2001, a
1/40 reverse split effective April 16, 2003, and a 1/350 reverse split effective
October 7, 2004. ** As well as any other available exemptions from registration.


Item  6  -PLAN  OF  OPERATION
        -------------------

The  company  is  presently  focused  on  building  the  real estate information
business  to  the  public.  This  division is able to operate at very controlled
costs  and  will  produce  a  viable  cash  flow for the company to continue the
operations  of real estate development and acquisition. The expected launch date
of  the  subscription  internet  service  is  August, 2005.

     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
     ---------------------------------------------------------------------------
OPERATIONS

MANAGEMENT DISCUSSION

THIS  ANNUAL  REPORT  ON  FORM  10-KSB  CONTAINS  STATEMENTS  WHICH  CONSTITUTE
FORWARD-LOOKING  STATEMENTS  WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES
EXCHANGE  ACT  OF  1934,  AS AMENDED. DISCUSSION CONTAINING SUCH FORWARD-LOOKING
STATEMENTS MAY BE FOUND IN THE MATERIAL SET FORTH BELOW AND UNDER "BUSINESS," AS
WELL  AS  WITHIN  THE  ANNUAL  REPORT  GENERALLY. IN ADDITION, WHEN USED IN THIS
ANNUAL  REPORT,  THE  WORDS  "BELIEVES,"  "ANTICIPATES,"  "EXPECTS,"  "PLANS,"
"INTENDS"  AND  SIMILAR  EXPRESSIONS  ARE  INTENDED  TO IDENTIFY FORWARD-LOOKING
STATEMENTS. FORWARD-LOOKING STATEMENTS AND STATEMENTS OF EXPECTATIONS, PLANS AND
INTENT ARE SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES. ACTUAL RESULTS IN THE
FUTURE  COULD  DIFFER  MATERIALLY  FROM  THOSE  DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS,  AS A RESULT, AMONG OTHER THINGS, OF CHANGES IN TECHNOLOGY, CUSTOMER
REQUIREMENTS  AND  NEEDS.  WE  UNDERTAKE  NO  OBLIGATION TO RELEASE PUBLICLY THE
RESULTS OF ANY REVISIONS TO THESE FORWARD-LOOKING STATEMENTS THAT MAY BE MADE TO
REFLECT  ANY  FUTURE  EVENTS  OR  CIRCUMSTANCES.

Because  the Company  lacks  capital,  an  investment in it involves a very high
degree of.risk.

YEAR 2004 COSTS AND CHANGES IN FINANCIAL CONDITIONS
In  2004, the Company received revenues of $100,000 from consulting services and
minor  revenues  related to its real estate information business, as compared to
no  revenues in 2003. The Company completed the renovations on its Sunset Office
Building  and began receiving rental income in November, 2004, as compared to no
rental  revenues  in  2003.

In  December,  2004,  the  Company  sold  its entire interest in its subsidiary,
Global  Links  Card  Services


RESULTS OF OPERATIONS
The following discussion should be read in conjunction with, and is qualified in
its  entirety  by,  our  Consolidated  Financial  Statements  and  Notes thereto
included elsewhere in this Annual Report. Historical results are not necessarily
indicative  of  trends  in  operating  results  for  any  future  period.

The statements contained in this Annual Report that are not historical facts are
forward-looking statements that involve a number of risks and uncertainties. The
actual results of the future events described in such forward-looking statements
in  this  Annual  Report  could  differ  materially  from  those  stated in such
forward-looking  statements.


ITEM  7.  FINANCIAL  STATEMENTS.



                       GLOBAL LINKS CORP. AND SUBSIDIARIES
                         CONSOLIDATED FINANCIAL STATEMENTS
                            DECEMBER 31, 2003 AND 2004
                                    WITH
                                  REPORT OF
                      INDEPENDENT REGISTERD ACCOUNTING FIRM


Report  of  Independent  Registered  Public  Accounting  Firm  To  the  Board of
Directors  of  Global  Links  Corp.:  We  were engaged to audit the accompanying
balance  sheets  of Global Links Corp. as of December 31, 2004 and 2003, and the
related  statements  of  income, retained earnings, and cash flows for the years
then  ended.  These financial statements are the responsibility of the Company's
management.  As  of  the  date  of  this  report,  the  Company has not provided
financial statements in accordance with Generally Accepted Accounting Principles
in  such  a  form  for  us to perform audit procedures to satisfy ourselves that
these financial statements present fairly the financial status of the Company as
of  December  31,  2004  and 2003. As such we do not express an opinion on these
financial  statements. /s/ Lynda R. Keeton CPA, LLC Lynda R. Keeton CPA, LLC Las
Vegas,  NV  April  11,  2005

<TABLE>
<CAPTION>

                               GLOBAL LINKS CORP.
                        (A Development Stage Enterprise)
                           CONSOLIDATED BALANCE SHEET

                            ASSETS
                            ------
                                                        December 31,    December 31,
                                                            2004            2003
                                                        ------------    ------------
<S>                                                   <C>             <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $     4,339     $      1,213
   Deposits. . . . . . . . . . . . . . . . . . . . .        2,000               52
   Prepaid expenses. . . . . . . . . . . . . . . . .          243                -
   Current assets discontinued operations. . . . . .            -              539
                                                      ------------    -------------
Total Current Assets . . . . . . . . . . . . . . . .        6,583            1,804
                                                      ------------    -------------
PROPERTY AND EQUIPMENT
   Land . . . . . . . . . . . . . . . . . . . . . . .     541,705                -
   Buildings (Net of depreciation of $11,598 and none)  1,620,343                -
   Fixed Assets (Net of depreciation of
       $5,178 and $2,424) . . . . . . . . . . . . . .      55,829            5,984
                                                        ----------    ------------
      Total Property and Equipment . . . . . . . . .    2,217,876            5,984
                                                      ------------    -------------
OTHER ASSETS . . . . . . . . . . . . . . . . . . . .
   Land held for development                            3,763,000        3,763,000
                                                      ------------    -------------
                                                        3,763,000        3,763,000

      Total Assets . . . . . . . . . . . . . . . . .  $ 5,987,459     $  3,770,788
                                                      ============    =============

                 Liabilities and Shareholders' Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .  $   189,336     $     25,584
   Payable to officers . . . . . . . . . . . . . . .          352              352
   Loans from officers . . . . . . . . . . . . . . .       11,700           47,523
   Property taxes payable. . . . . . . . . . . . . .    3,856,000        3,836,000
   Current portion of loans and notes payable. . . .      432,398                -
   Unearned revenues . . . . . . . . . . . . . . . .       50,000                -
   Accrued interest on loans and notes . . . . . . .       48,747                -
   Liabilities of discontinued operations. . . . . .            -          263,658
                                                      ------------    -------------
      Total Current Liabilities                         4,588,533        4,173,117


LONG TERM DEBT
   Note payable Sunset Building (see note 3) . . . .    1,172,362                -
   Other notes payable . . . . . . . . . . . . . . .            -          200,000
   Accrued interest on debt. . . . . . . . . . . . .            -           24,000
   Rent deposits . . . . . . . . . . . . . . . . . .        5,000                -
                                                      ------------    -------------
Total long term debt . . . . . . . . . . . . . . . .    1,177,362          224,000
                                                      ------------    -------------

OTHER LIABILITIES. . . . . . . . . . . . . . . . . .            -                -
                                                      ------------    -------------
                                                                -                -
                                                      ------------    -------------

Total Liabilities. . . . . . . . . . . . . . . . . .    5,765,896        4,397,117


STOCKHOLDERS' EQUITY
   Preferred Stock par value $0.001 (50,000,000
     Shares authorized, 15,000,000 and 3,335,000
     issued and outstanding. . . . . . . . . . . . .      15,000             3,335
   Common Stock par value $0.001 (500,000,000 shares
     authorized, 225,321,543 and 107,637
     issued and outstanding). . . . . . . . . . . .       22,532                11
   Additional Paid-in Capital . . . . . . . . . . .    4,651,962         2,071,638
   Stock subscriptions receivable . . . . . . . . .      (22,501)                -
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .  (4,445,430)       (2,701,312)
                                                      ------------    -------------
   Total Stockholders' Equity.(deficiency) . . . . .     221,563          (626,328)
                                                      -----------      ------------
      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $5,987,459      $  3,770,789
                                                      ===========     =============

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

</TABLE>


<TABLE>
<CAPTION>



                                         GLOBAL LINKS CORP.
                                 (A Development Stage Enterprise)
                               CONSOLIDATED STATEMENT OF OPERATIONS
                                                                                      Inception
                                                   Year Ended       Year Ended      March 28, 2002
                                                  December, 31     December, 31          Thru
                                                      2004             2003        December 31, 2004
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>              <C>
REVENUES

REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $      100,000   $            -   $      100,000
   Rental income. . . . . . . . . . . . . . . .          12,775                -           12,775
   RE-Info subscription fees. . . . . . . . . .             408                               408
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .         113,183                -          113,183

Cost of goods sold
   Cost of RE-Info information. . . . . . . . .         125,000                -          125,000
                                                 ---------------  ---------------  ---------------

Gross profit. . . . . . . . . . . . . . . . . .         (11,817)               -          (11,817)

EXPENSES

   General and Administrative . . . . . . . . .         176,359          445,348          703,117
   Officer Compensation . . . . . . . . . . . .         149,667           45,325          373,491
   Salaries & wages . . . . . . . . . . . . . .         364,675                -          364,675
   Consulting fees. . . . . . . . . . . . . . .       1,000,167          586,750        1,708,757
   Loan interest. . . . . . . . . . . . . . . .          79,363           23,604          102,967
   Legal fees . . . . . . . . . . . . . . . . .         105,863           18,300          129,883
   Depreciation and Amortization. . . . . . . .          14,351            1,425           16,776
   Research & development.  . . . . . . . . . .         125,000                -          125,000
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .       2,015,445        1,102,952        3,524,666
                                                 ---------------  ---------------  ---------------

OTHER INCOME
   Interest income. . . . . . . . . . . . . . .             104                -              104

Net (Loss) before Discontinued Operations . .. .     (2,027,158)      (1,102,952)      (3,536,483)

   Income (loss) from discontinued operations,
       net of income taxes. . . . . . . . . . .        (150,868)          34,797         (116,071)
   Gain on sale of asset. . . . . . . . . . . .         433,908                -          433,908
                                                 ---------------  ---------------  ---------------

Net (Loss). . . . . . . . . . . . . . . . . . .  $   (1,744,118)  $   (1,068,155) $    (3,218,542)
                                                 ===============  ===============  ===============

Net (loss) per common share,
    basic and diluted . . . . . . . . . . . . .  $      ( 0.105)  $       (0.053) $        (1.900)
                                                 ===============  ===============  ===============

Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for previous splits and adjusted
   for the acquisition of Capitol Group
   Holding Corp. . . . . . . . . . . . . . . . .     16,674,704       20,146,661        1,693,695
                                                 ===============  ===============  ===============


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

</TABLE>


<TABLE>
<CAPTION>


                                         GLOBAL LINKS CORP.
                                  (A Development Stage Enterprise)
                                CONSOLIDATED STATEMENT OF CASH FLOWS

                                                                                       Inception
                                                     Year Ended      Year Ended      March 28, 2002
                                                    December 31,     December 31,         Thru
                                                        2004             2003       December 31, 2004
                                                  ---------------  ---------------  -----------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net (loss) . . . . . . . . . . . . . . . . . . .  $   (1,744,118)  $   (1,068,154) $    (3,218,541)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .          14,351            1,425           16,774
   (Gain) on sale of subsidiary. . . . . . . . .        (433,908)               -         (433,908)
   Consulting and legal fees paid via stock. . .         465,440          575,450        1,234,728
   Employee stock incentive plan . . . . . . . .         284,204                -          284,204

 Changes in operating assets and liabilities:
   Decrease in prepaid expenses. . . . . . . . .            (243)               -             (243)
   Increase in Accounts Payable. . . . . . . . .         163,752           14,317          174,257
   (Decrease) in Payable to officers . . . . . .               -         (221,946)         (40,069)
   Increase (decrease) in property taxes
      Payable. . . . . . . . . . . . . . . . . .               -       (3,186,000)       3,836,000
   Increase in unearned revenue. . . . . . . . .          50,000                -           50,000
   Increase in rent deposits . . . . . . . . . .           5,000                -            5,000
   (Increase) decrease in Deposits . . . . . . .          (1,948)              75           (2,000)
   Increase in accrued interest on debt. . . . .          44,747           24,000           68,747
   Decrease in liabilities of
      Subsidiary sold . . . . . . . . . . . . .          135,789                -           135,789
   (Increase) decrease in assets of
      discontinued operations. . . . . . . . . .               -             (539)            (539)
   Increase (decrease) in liabilities of
      discontinued operations. . . . . . . . . .               -          263,658          263,658
                                                  ---------------  ---------------  ---------------

Net cash provided by Operating Activities. . . .      (1,016,934)       2,774,286        2,373,857
                                                  ---------------  ---------------  ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Cash paid for property plant and equipment. .        (946,243)      (2,813,000)      (4,717,651)
   Proceeds from sale of subsidiary. . . . . . .          35,000                -           35,000
                                                  ---------------  ---------------  ---------------

Net cash (used) by Investment activities . . . .        (911,243)      (2,813,000)      (4,682,651)
                                                  ---------------  ---------------  ---------------

FINANCING ACTIVITIES
---------------------------------
   Cash proceeds from debt . . . . . . . . . . .         140,000                -          140,000
   Payable assumed for land purchase . . . . . .               -                -          200,000
   Cash paid to reduce debt. . . . . . . . . . .         (15,240)               -          (15,240)
   Officer compensation paid via stock . . . . .          10,040            4,000           14,040
   Cash proceeds for sale of Common stock. . . .       1,832,325                -        1,942,055
   (Decrease) increase in payable/loan to
       officer . . . . . . . . . . . . . . . . .         (35,823)          31,787           30,688
                                                  ---------------  ---------------  ---------------

Net cash provided by Financing Activities. . . .       1,931,302           35,787        2,311,543
                                                  ---------------  ---------------  ---------------

Increase (decrease) in Cash. . . . . . . . . . .           3,125           (2,927)           2,749

Cash at Beginning of Period. . . . . . . . . . .           1,213            4,142            1,589
                                                  ---------------  ---------------  ---------------

Cash at End of Period. . . . . . . . . . . . . .  $        4,339   $        1,213  $         4,338
                                                  ===============  ===============  ===============


SUPPLEMENTAL DISCLOSURES
   Cash payment for interest . . . . . . . . . .  $       51,113   $            -   $       51,113
                                                  ===============  ===============  ===============

   Cash payment for income taxes . . . . . . . .  $            -   $            -   $            -
                                                  ===============  ===============  ===============




The accompanying notes are an integral part of these financial statements.
</TABLE>


<TABLE>
<CAPTION>


                       GLOBAL LINKS CORP.
               (A Development Stage Enterprise)
  CONSOLIDATED  STATEMENT  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY
         For the Years ended December 31, 2002, 2003 and 2004




                                    Common Stock                  Preferred Stock           Paid-in      Retained       Total
                                 Shares       $                  Shares      $              Capital      Earnings       Equity
                                -----------  -----------------  ----------  ------------  -----------  ------------  --------

<S>                           <C>            <C>                <C>         <C>           <C>          <C>           <C>

Balance 12/31/01 . . . . . .             -   $              -            -   $         -   $        -  $         -   $        -

Founder shares . . . . . . .        27,800                  3                                   9,727                     9,730

Shares issued in payment
   for land. . . . . . . . .        51,429                  5           -             -       949,995            -      950,000

Shares issued for services .        63,629                  6           -             -        26,634            -       26,640

Net loss . . . . . . . . . .                                                                               (58,768)     (58,768)
                              -------------  -----------------  ----------  ------------  ----------  ------------  ------------
Balance 12/31/02 . . . . . .       142,858   $             14            -  $          -   $  986,356  $   (58,768)  $ (927,602)
                              =============  =================  ==========  ============  ===========  ============  ===========

Shares issued for Services. .       19,939                  2           -             -       569,448            -      569,450

Shares issued for conversion
   of debt . . . . . . . . .         1,117                  1      335,000          335        18,651            -       18,987

Adjustments and shares issued for
   For reverse merger. . . .       (56,277)                (6)   3,000,000        3,000       497,183            -      500,177

Retained earnings of GLC
   Prior to merger . . . . .             -                  -            -            -            -    (1,574,390)  (1,574,390)

Net Income (Loss). . . . . .             -                  -            -            -             -     (677,114)    (677,114)
                              -------------  -----------------  -----------  -----------  ------------  -----------  -----------
Balance 12/31/03 . . . . . .       107,637   $             11    3,335,000   $    3,335   $ 2,071,638  $(2,701,311) $  (626,329)
                              =============  =================  ===========  ===========  ============  ===========  ===========

Shares purchased by
   Employees . . . . . . . .   196,508,571             19,651            -            -     2,119,379            -    2,139,030

Shares issued for services .    28,705,186              2,871  11,665,0000       11,665       460,945            -      475,480

Shares split Odd-lot adj. . .           (1)                 -            -            -             -            -            -

Stock subscription receivable            -                  -            -            -             -            -      (22,501)

Net Income (Loss). . . . . .             -                  -            -            -             -   (1,744,118)  (1,744,118)
                              -------------  -----------------  -----------  -----------  ------------  -----------  -----------
Balance 12/31/04 . . . . . .   225,321,543   $         22,533   15,000,000   $   15,000   $ 4,651,962  $(4,445,429) $   221,561
                              =============  =================  ===========  ===========  ============  ===========  ===========


Number of shares issued reflects a 1 for 350 reverse stock split and adjusted par value to $.0001
from $.001 per share effected October 7, 2004

</TABLE>




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

                                   GLOBAL  LINKS  CORP.
                          (A  Development  Stage  Enterprise)
                     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                             December  31,  2003  and  2004

NOTE 1 NATURE OF OPERATION
Development Stage Operations
Global  Links  Corp.  (the  "Company")  merged with Capitol Group Holdings Corp.
effective  June  30,  2003 in a reverse acquisition with Capitol Group Holdings,
Corp.  the  surviving  business  entity  (see  note  4).  Capitol  has a limited
operating  history  with  few revenues. The Company acquired approximately 1,000
residential  lots  in Arizona as part of the merger intends to develop this land
into  a senior, affordable residential community. The Company acquired an office
building  in Las Vegas Nevada, completed improvements to the building and leased
out  approximately  two thirds of the building, all in 2004. The Company expects
to  expand  the  business of real estate acquisitions and development of various
real  estate  ventures.

Background
Global  Links  corp.  (hereinafter referred to as the "Company") was formed as a
corporation  under  the laws of the State of Nevada in 1952 under the name "Blue
Jacket  Mining  Company." In December 1994 the Company's shareholders approved a
reverse  merger  with  United  Casino Corporation, a Nevada Corporation, and the
Company's  name  was  changed  at  that  time  to United Casino Corporation. The
Company then pursued the general business objectives of providing consulting and
product  support  for  the entertainment industry particularly as applied to the
world wide Internet. In August, 2000, the name was changed to United Trading.Com
to  reflect  the change in business to encompass a broader e-commerce visibility
on  the  Internet. In December 2002, the shareholders approved another change in
the Company's name to Global Links Corp. to reflect the Company's entry into the
Electronic  Transaction Business. In June, 2003, the Company merged with Capitol
Group  Holdings,  Corp,  through a triangular merger between Global Links Corp.,
Global  Links  Capital  Group,  Inc.  and Capitol Group Holdings Corp., a Nevada
Corporation.  The  Company  exchanged  30,000,000  shares  of  common  stock and
3,000,000  shares  of Series B preferred stock for all of the outstanding common
and  preferred stock of Capitol Group Holdings, Corp. As a result, Capitol Group
Holdings,  Corp.  former  stockholders  exercised  control over the Company. The
combined  33,000,000  shares  of  stock represented 90% of the outstanding share
voting  power  of  the Company, establishing a change in control of the Company.
The  Company closed the transaction with Capitol Group Holdings, Corp. effective
June  30, 2003. The transaction is accounted for retroactively as a public shell
merger  with  a  capital  restructuring  with  Capitol Group Holdings, Corp. the
surviving  business  entity.  The accounting for the merger is identical to that
resulting  from  a reverse merger, except no goodwill or other intangible assets
are  recorded.  For accounting purposes, Capitol Group Holdings, Corp., has been
treated  as the accounting acquirer. In accordance with the merger document, the
name  of  the  Company  remained  Global  Links  Corp.  The historical financial
statements  are  those  of  Capitol  Group  Holdings,  Corp.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation
The  accompanying  consolidated  financial  statements  include  the accounts of
Global Links Corp. and its subsidiaries, Global Links Card Services ("GLCS") and
Capitol  Group  Holdings  ("Capitol")  All significant intercompany transactions
have  been  eliminated.

Cash Equivalents
For the purpose of the statement of cash flows, the company considers all highly
liquid  debt instruments purchased with the original maturity of three months or
less  to  be  cash equivalents. The Company had $ 0 and $0 respectively, of cash
equivalents  at  December  31,  2004  and  2003


Credit Concentrations
At  times,  the  Company  may  exceed  the FDIC limit of $100,000 in one banking
institution. The Company's brokerage account of Finance 500 is not FDIC insured,
and  contained  a  cash balance of $ 0 and $ 0 respectively at December 31, 2004
and  2003  respectively.

Furniture and Equipment Equipment was recorded at cost and depreciated using the
straight-line  method  over  the  expected useful lives. Expenditures for normal
maintenance  and  repairs  are  charged  to  operations.  The  cost  and related
accumulated depreciation of assets are removed from the accounts upon retirement
or  other disposition, and the resulting profit is reflected in the statement of
operations.  Renewals  and  betterments  that  materially extend the life of the
assets  are  capitalized.  The  Company's  funiture  and  equipment  consists of
equipment,  computers  and  software with useful lives of 5 years. The Company's
Buildings  and  building improvements have expected useful lives of 30 years and
10  respectively.

Impairment of Long-Lived Assets
Long-lived  assets  are  reviewed  for  impairment whenever events or changes in
circumstances  indicate that the related carrying amount may not be recoverable.
Recovery  of  assets  to  be  held  and  used is measured by a comparison of the
carrying  amount  of  the  assets  to  the  future net cash flows expected to be
generated  by  the  asset.  If  such  assets  are considered to be impaired, the
impairment  to  be  recognized  is  measured by the amount of which the carrying
amount  of  the  assets  exceeds  the  fair  value  of  the  assets.

Assets  to  be  disposed  of are reported at the lower of the carrying amount or
fair  value  less  the  cost  to  sell.

Research  and  Development  Costs
Research and development costs are charged to
operations  as  they  are  incurred.
Income Taxes
The  Company  accounts  for  income  taxes  according  to Statement of Financial
Accounting  Standards  No. 109, "Accounting for Income Taxes" ("SFAS 109"). SFAS
109 requires the recognition of deferred tax assets, net of applicable reserves,
related  to net operating loss carry forwards and certain temporary differences.

The  Company  did  not  provide any current or deferred United States federal or
state  income  tax provision or benefit for any of the periods presented because
it has experienced operating losses since inception. The Company provided a full
valuation  allowance on the net deferred tax asset, consisting primarily of net
operating loss carry forwards, because management has determined that it is more
likely  than not that the Company will not earn income sufficient to realize the
deferred  tax  assets  during  the  carry  forward  period.

The  provision for income taxes and income from continuing operations before the
extraordinary  item  for  the  periods ended December 31, 2004, and December 31,
2003,  are  as  follows:



<TABLE>
<CAPTION>


                                                          2004                 2003
                                                      -----------         --------------
<S>                                                                  <C>                       <C>

Deferred tax assets
    Federal income tax (35%)                         $ (610,441)          $  (373,854)
    State income tax (None)
    Allowance                                           610,441               373,854
                                                      ----------          -------------
Provision for income taxes                           $        -           $         -
                                                     ===========          ============

As  of December 31, 2004, and since inception, the major tax affected components
of  the  Company's  net  deferred  tax  (asset)  liability  are  as  follows:

                                                          2004                 2003
                                                      -----------         --------------
Deferred tax assets
  Net operating loss                                 $    (671,114)      $   (373,854)
  Depreciation                                                   -                  -
  Meals and entertainment                                    1,959                744
  Extraordinary item
                                                         ----------      -------------
                                                     $    (669,155)      $   (373,110)
                                                     ===========          ============

</TABLE>

For  U.S.  federal  income  tax return purposes, the Company has a net operating
loss  carry  forward of approximately $3,774,000, which will expire between 2013
and  2024.  The  state  of Nevada does not have any state income taxes therefore
there  are  no  tax  loss  carry  forwards.


Disclosures about Fair Value of Financial Instruments

The  carrying amount of the Company's financial instruments, which include cash,
account  payable-trade,  due  to  related  parties,  notes  payable and deposits
payable  approximate  their  fair  values  at  December  31,  2004  and  2003.

Stock-Based Compensation
Statement  on  Accounting  Financial Standards ("SFAS") No. 123, "Accounting for
Stock-Based  Compensation", encourages, but does not require companies to record
compensation  costs  for  stock-based employee compensation plans at fair value.
The  Company  has  chosen  to  account  for  stock-based  compensation using the
intrinsic value method prescribed in Accounting Principles Board Opinion No. 25,
"Accounting  for  Stock  Issued  to  Employees",  and  related  interpretations.
Accordingly,  compensation costs for stock options is measured as the excess, if
any,  of the quoted market price of the Company's stock at the date of the grant
over  the  amount an employee must pay to acquire the stock. The Company granted
no  stock  options in 2003. In 2004, the Company awarded stock options under its
various  Employee  stock  incentive  plans.  During 2004, the Company recognized
$284,204  as  employee  bonuses  representing the difference in the price of the
underlying  stock  and  the amount employees paid for the stock. At December 31,
2004,  there  were  no  unexercised grants outstanding. Accordingly, no proforma
information,  as  required  by  SFAS  No.  148,  "Accounting  for  Stock-Based
Compensation  -  Transition  and  Disclosure"  is  presented  or  required.

Earnings (Loss) per Common Share
SFAS  No.  128,  "Earnings  Per  Share"  requires presentation of basic earnings
(loss)  per  share and diluted earnings per share. The computation of basic loss
per  share  is computed by dividing loss available to common stockholders by the
weighted  average number of outstanding common shares during the period. Diluted
earnings  per  share  gives  effect  to  all  dilutive  potential  common shares
outstanding  during  the  period. These potentially dilutive securities were not
included  in  the calculation of loss per share for the years ended December 31,
2004  and  2003 because the Company incurred a loss during such periods and thus
their  effect would have been anti-dilutive. Accordingly, basic and diluted loss
per  share  are  the  same for the years ended December 31, 2004 and 2003. As of
December  31,  2004  and  2003,  there  were  no potentially dilutive securities
outstanding.

Management Estimates
The  presentation  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.

Recent Accounting Pronouncements
In  January  2003,  (as  revised  in  December  2003)  The  Financial Accounting
Standards  Board  ("FASB")  issued  Interpretation  No.  46,  "Consolidation  of
Variable  Interest  Entities", an interpretation of Accounting Research Bulletin
("ARB")  No.  51,  "Consolidated  Financial  Statements".  Interpretation No. 46
addresses  consolidation  by business enterprises of variable interest entities,
which  have  one  or  both  of  the  following  characteristics:  (i) the equity
investment  at  risk  is  not  sufficient  to  permit  the entity to finance its
activities  without additional subordinated support from other parties, which is
provided  through  other  interest  that will absorb some or all of the expected
losses  of  the  entity;  (ii)  the  equity  investors  lack  one or more of the
following  essential  characteristics  of  a controlling financial interest: the
direct  or  indirect  ability  to  make  decisions about the entities activities
through  voting  rights  or  similar  rights;  or  the  obligation to absorb the
expected  losses  of  the  entity if they occur, which makes it possible for the
entity  to  finance  its  activities; the right to receive the expected residual
returns  of  the entity if they occur, which is the compensation for the risk of
absorbing  the  expected  losses.

Interpretation  No.  46,  as revised, applies to small business issuers no later
than  the  end  of the first reporting period that ends after December 15, 2004.
This  effective  date  includes  those  entities  to which Interpretation 46 had
previously  been  applied.  However,  prior  to  the  required  application  of
Interpretation  No.  46,  a  public entity that is a small business issuer shall
apply  Interpretation  46  or  this  Interpretation  to  those entities that are
considered  to  be  special-purpose  entities no later than as of the end of the
first  reporting  period  that  ends  after  December  15,  2003


In  April  2003,  the  FASB  issued SFAS No. 149, "Amendment of Statement 133 on
derivative  Instruments  and  Hedging  Activities".  SFAS  No.  149  amends  and
clarifies  financial  accounting  and  reporting  for  derivative  instruments,
including  certain  derivative  instruments  embedded  in  other  contracts
(collectively  referred to as derivatives) and for hedging activities under SFAS
No.  133,  "Accounting  for  Derivative Instruments and Hedging Activities". The
changes  in SFAS No. 149 improve financial reporting by requiring that contracts
with  comparable  characteristics  be accounted for similarly. This statement is
effective  for contracts entered into or modified after June 30, 2003 and all of
its  provisions  should  be  applied  prospectively.

In  May  2003,  the  FASB issued SFAS No. 150, "Accounting For Certain Financial
Instruments  with  Characteristics of both Liabilities and Equity". SFAS No. 150
changes the accounting for certain financial instruments with characteristics of
both  liabilities  and equity that, under previous pronouncements, issuers could
account  for  as  equity.  The new accounting guidance contained in SFAS No. 150
requires  that  those  instruments  be  classified as liabilities in the balance
sheet.

The  implementation of the provisions of these pronouncements is not expected to
have  a  significant  effect  on  the Company's consolidated financial statement
presentation  or  disclosures.
NOTE 3 GOING CONCERN
The  accompanying  financial  statements  have  been prepared in conformity with
generally  accepted accounting principles, which contemplate continuation of the
Company as a going concern. However, the Company has limited established sources
of  revenue, has experienced net operating losses of $3,093,542 since inception,
had a net loss of $1,744,118 for the year ended December 31, 2004. These factors
raise  substantial  doubt  about  the  Company's  ability to continue as a going
concern. Without realization of additional capital, it would be unlikely for the
Company  to  continue  as  a  going  concern.  These financial statements do not
include  any  adjustments  relating  to the recoverability and classification of
recorded  asset amounts, or amounts and classification of liabilities that might
result  from  this  uncertainty.
NOTE 4 - ACQUISITION
Effective June 30, 2003 the Company acquired Capitol Group Holdings, Corp, under
a  Plan  and  Agreement  of Triangular Merger between Global Links Corp., Global
Links  Capital  Group,  Inc.  and  Capitol  Group  Holdings  Corp.,  a  Nevada
corporation.  The  Company  exchanged  30,000,000  shares  of  common  stock and
3,000,000  shares  of Series B preferred stock for all of the outstanding common
and  preferred  stock  of  Capitol Group Holdings, Corp. The combined 33,000,000
shares  of  stock  represents  90%  of the outstanding share voting power of the
Company, establishing a change in control of the Company. It is the intention of
the  Company and Capitol Group Corp. that the transaction constitutes a tax-free
reorganization  as  defined  in  the  Internal Revenue Code of 1986, as amended.
The  Company  closed  the transaction with Capitol Group Holdings, Corp. with an
effective  date  of June 30, 2003. The transaction is accounted for as a reverse
acquisition with Capitol Group Holdings, Corp. the surviving business entity. As
a  result,  Capitol  Group Holdings, Corp. former stockholders exercised control
over  the  Company. The accounting for the merger is identical to that resulting
from  a  reverse  merger,  except  no  goodwill  or  other intangible assets are
recorded.  For  accounting  purposes,  Capitol  Group  Holdings, Corp., has been
treated  as the accounting acquirer. In accordance with the merger document, the
name  of  the  Company  remained  Global  Links  Corp.  The historical financial
statements  are  those  of  Capitol  Group  Holdings,  Corp.
NOTE 5 - EQUIPMENT AND BUILDINGS
Depreciation  expense for the years ended December 31, 2004 and 2003 was $14,351
and  $1,425,  respectively.
NOTE 6 DEBT
The Company currently is obligated on a note related to the purchase of the land
held for development. The note for $200,000 and bears interest at 12% per annum.
The  note  is  due  December 31, 2005, and secured solely by the land in Arizona
which is being held for development. The Company assumed a debt of approximately
$3,463,000  of  accrued unpaid property taxes. Accounts payable includes $14,341
at  December 31, 2003 due Wells Fargo Bank on credit cards issued in the name of
the  Company  and  its  subsidiary, and none due at December 31, 2004. The cards
bear  interest  on  the  unpaid  balance  of  approximately  19%.
NOTE 7 - INCOME TAXES
The  Company  has  available  net operating loss carry forwards of approximately
$2,032,000,000.  There  may be significant limitations on the future utilization
of net operating loss carry forward due to ownership changes in the Company. The
net  operating  loss  carryforwards  expire  2013  through  2024.

The  Company,  based upon its history of losses during its development stage and
management's  assessment  of when operations are anticipated to generate taxable
income, has concluded that it is likely that none of the net deferred income tax
assets  will  be  realized through future taxable earnings and has established a
valuation  allowance  for  them.
NOTE 8 - RELATED PARTY TRANSACTIONS
Due to Related Parties
During  2002  and 2003, an officer of the Company made cash loans to the Company
totaling  approximately  $63,000,  and  personally paid corporate costs totaling
approximately  $86,400.  In  September,  2003,  the  officer agreed to forgo the
repayment  of  a  total of $130,000 of these receivables in exchange for certain
consulting  services  by  the  Company. The company believes that the consulting
services  provided to did not exceed the $130,000 forgiven by the officer. As of
December 31, 2003, $236,191 was due the officer, $225,889 of which was reflected
in  "Liabilities  held  for  sale."  As  a  result  of the sale of the Company's
subsidiary  in  December,  2004,  the  remaining  unpaid  liability reflected in
"Liabilities  held for sale" was assumed by a third party. The remaining balance
due  the  officer  at  December  31,  2004  is  $11,700.

In 2002 and 2003, another officer and stockholder of the Company advanced to the
Company  approximately  $64,400 and $5,200, respectively, for operating expenses
he  paid  on  behalf of the Company. In 2002 $33,200 was repaid, and in 2004 the
remaining  balance  of  approximately $36,400 was repaid. There was no remaining
balance  at  December  31,  2004.

NOTE 9 - COMMITMENTS AND CONTINGENCIES
Real Estate Development
Capitol  Group  Holdings  primary  asset  is  ownership  of  approximately  1000
undeveloped  lots located in Arizona. The Company plans to develop the lots into
a  planned  senior, affordable housing community. The Company also has an option
to acquire an additional 700 lots at a future date. The Company also acquired an
office building in Las Vegas, Nevada; completed the building and has acquired an
option  to  acquire  vacant land on adjacent land on which it plans to build two
additional  office  buildings.

Operating Leases
The  Company is not currently obligated under any operating leases. Rent expense
for  the  two  years  ended  December  31,  2004 and 2003 was $8,240 and $3,050,
respectively.  Rent  was  paid  month to month on mail box rental and storage of
corporate  documents  in  2003,and  for access to the Sunset Office Building for
prior  to  the  closing  of  the  purchase.

NOTE 10 - STOCK-BASED COMPENSATION
The  Company issued stock registrations through seven registration statements of
form  S-8 registering a total of 1,153,000,000 shares 313,000,000 registered for
the  Company's  Non-Employee Directors and Consultants Retainer Stock Plans, and
840,000,000  for  the  Company's  Employee  Stock  Incentive Plans. All of these
shares  had  been  issued  as of December 31, 2004. As of December 31,2004 there
were  96,500,000  and  466,000,000  shares  available  under  the  Non-Employee
Directors  and  Consultants  Retainer  and  Employee  Stock  Incentive  Plans
respectively.  The table below represents the number of shares issued and dollar
value  after  adjustment for the 1-for- 40 reverse stock split effected on April
16,  2003,  and  the  1-for-350 reverse stock split effected on October 7, 2004.

<TABLE>
<CAPTION>



Year ended              Non-employee Directors
                          and Consultants                       Employees
December 31           Number of                            Number of
                       Shares         Dollars                Shares          Dollars
<S>                      <C>                  <C>                        <C>                  <C>

---------------    -------------   ------------          --------------   -------------
2002                       321      $   84,100                       -     $         -
2003                    19,939         564,450                       -               -
2004                28,705,186         463,816             196,508,571       2,139,030
                   -------------   ------------          --------------   -------------
                   28,725,446       $1,112,366             196,508,571       2,139,030
</TABLE>
NOTE 11 - STOCK PURCHASE WARRANTS
The  Company  has no stock purchase warrants outstanding at December 31, 2002 or
2003.
NOTE 12 - STOCK TRANSACTIONS
During  the  year  ended  December  31,  2003  and  2004  the Company issued the
following  common  shares  of  the  Company:

<TABLE>
<CAPTION>


Entity  or  Group                            Number of Shares*             Per share price determination
-------------------------                ----------------------        ----------------------------------
<S>                                                  <C>                                   <C>

Various Corp.                                     20,796                     $0.082  - Board determination
   Consultants                                                               closing  price  previous
                                                                             trading  day

James  Brewer  Corp.
  officer                                         1,117  (Restricted)       $14.00 - Board  determination
                                                                             closing  price  previous
                                                                             trading  day

Acquisition  of  Capitol
   Group Holding Co                               85,714  (Restricted)       $1.63 - Board determination
                                                                             Net Value of assets acquired


</TABLE>

No additional shares of common stock were issued during the years ended December
31,  2003  or  2004.

*  Number of shares and share prices have been adjusted to reflect the 1-for-350
reverse  stock  split  effected  October  7,  2004.

On  December  14,  2001,  the  Board  of Directors approved the establishment of
5,000,000  shares  of  Series  A  Convertible  Preferred Stock, and approved the
issuance  of  3,530,000  shares of such stock to Mr. James Brewer, the president
and  CEO  of the Company, and 490,000 shares each to three other individuals. In
April, 2003, Mr. Brewer exercised his option to purchase 3,350,000 these shares.
The  Board  of  Directors  subsequently  authorized  the  issuance  of  Series B
Convertible  Preferred  Stock and authorized Mr. Brewer to exchange the series A
Convertible  Preferred  Stock  for  Series  B Convertible Preferred Stock of the
basis  of  one  share  of Series B for each 10 shares of Series A converted. The
Series  B  Convertible  Preferred  Stock  contains  the  following  features:
                                                   i) 8% non-cumulative dividend
    ii)  Each share  entitled  to  20  votes
   iii)  Each issued share convertible, at any time, at the option of the
         holder, into the corporation's common stock at  ten common shares for
         each class "B"  preferred  share  held
   iv)   The common share conversion feature is not subject to dilution as a
         common stock  equivalent
    v)   Payment  of  any dividends on Class "B" preferred stock is subject to
         and not in  excess of dividends on the corporation's common stock based
         on the factor (one  for  ten)  into which the Class "B"  preferred
         shares are entitled to convert into the corporation's common stock.

During  the  years  ended  December  31,  2003  and 2004, the Company issued the
following  preferred  shares  of  the  Company:

<TABLE>
<CAPTION>



Entity  or  Group                   Number of Shares*                Per share price determination
---------------------          ----------------------         -------------------------------------
<S>                                     <C>                                     <C>

2003
-----
Series B preferred
James  Brewer  Corp.

officer                          335,000  (Restricted)               Exchange of Series A preferred
Acquisition  of  Capitol
  Group Holding Co             3,000,000  (Restricted)               $0.001  - Board determination
2004
-----
Various consultants to
  the Company                  1,625,000  (Restricted)               Board determination
                                                                     Consulting services valued
                                                                      at $1,625

Frank J. Dobrucki,
  Officer and Director
  of the Company               10,040,000  (Restricted)               Consulting services valued
                                                                       at $10,040

No additional shares of preferred stock were issued during the year ended December 31, 2004.

</TABLE>

Shares Issued for Acquisition
Effective June 30, 2003, the Company issued 30,000,000 shares of common stock to
acquire  all  of  the  issued  and  outstanding  common  shares of Capitol Group
Holdings,  Corp,  under a Plan and Agreement of Triangular Merger between Global
Links Corp.,  Global Links Capital Group, Inc. and Capitol Group Holdings Corp.,
a  Nevada  corporation,  the Company exchanged 30,000,000 shares of common stock
and  3,000,000  shares  of  Series  B preferred stock for all of the outstanding
common  and  preferred  stock  of  Capitol  Group  Holdings,  Corp. The combined
33,000,000  shares of stock represents 90% of the outstanding share voting power
of  the  Company,  establishing  a  change  in  control  of  the  Company.
NOTE 13 - SUBSEQUENT EVENTS
Subsequent to December 31, 2004 the Company:

In January, 2005, the Company Amended the Articles of Incorporation to authorize
5,428,571  shares  of  common  stock  and 100,000,000 shares of preferred stock.

In  February,  2005, the Company announced that it has entered into an agreement
to  acquire  all  of  the  Utah  real  estate  holdings of Diversified Financial
Resources Corp. The transaction included a 15,000-square-foot three-story office
building  in downtown Salt Lake City, 2 single-family homes, a duplex home and 5
condominiums.  The  Company  plans  to  re-sell  the properties at a significant
profit  upon  completion  of the transaction, which date cannot be determined at
the  time  of  this  report.

ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS.
        ---------------------------------------------

On  February  1, 2005, the Registrant dismissed its independent auditor, William
E.  Costello CPA, certified public accountant ("Costello"), because Costello was
not  registered  with  the  PCAOB.
Costello's reports on the Registrant's financial statements for the fiscal years
ended  December  31,  2002  and  2003  did  not  contain an adverse opinion or a
disclaimer  of  opinion,  and  were not qualified or modified as to uncertainty,
audit  scope,  or  accounting  principles, except that Costello's reports on the
Registrant's  financial  statements for the fiscal years ended December 31, 2003
and  2004  expressed  doubt  about the Company's ability to continue as a "going
concern."

The  decision  to  dismiss  Costello  was  recommended by the Company's Board of
Directors.

During  the  two  most  recent  fiscal  years  and any subsequent interim period
through  February  1,  2005  there  have  not been any disagreements between the
Registrant  and  Costello  on  any matter of accounting principles or practices,
financial  statement  disclosure,  or  auditing  scope  or  procedure,  which
disagreements,  if  not  resolved  to  the  satisfaction of Costello, would have
caused  him  to  make  reference  to  the subject matter of the disagreements in
connection  with  his  reports on the Registrant's financial statements for such
periods.

On  February 1, 2005, the Registrant engaged Lynda R. Keeton CPA, LLC ("Keeton")
as  the  Registrant's  independent  accountants  to  report  on the Registrant's
balance  sheet  as  of December 31, 2004, and the related combined statements of
income,  stockholders'  equity  and  cash  flows  for  the years then ended. The
decision  to appoint Keeton was approved by the Registrant's Board of Directors.

During  the Registrant's two most recent fiscal years and any subsequent interim
period  prior  to the engagement of Keeton, neither the Registrant nor anyone on
the  Registrant's  behalf  consulted  with  Keeton  regarding  either  (i)  the
application  of  accounting  principles  to  a  specified  transaction,  either
contemplated or proposed, or the type of audit opinion that might be rendered on
the  Registrant's  financial  statements  or (ii) any matter that was either the
subject  of  a  "disagreement"  or  a  "reportable  event."


ITEM  8a.  CONTROLS  AND  PROCEDURES.
          ------------------------
The  principal  executive  and  financial  officer  of  the Company reviewed and
evaluated  the  effectiveness  of  the  design  and  operation of our disclosure
controls  and  procedures  (as  defined  in  Exchange  Act Rule 15d-15(e)) as of
December  31,  2003.  There are inherent limitations to the effectiveness of any
system of disclosure controls and procedures, including the possibility of human
error  and  the  circumvention  or  overriding  of  the controls and procedures.
Accordingly,  even effective disclosure controls and procedures can only provide
reasonable assurance of achieving their control objectives. Based upon and as of
the  date  of  the  evaluation,  our  principal  executive and financial officer
concluded  that  the  design  and  operation  of  our  disclosure  controls  and
procedures  were  effective  in  all  material  respects  to  provide reasonable
assurance  that  information required to be disclosed in the reports we file and
submit  under  the  Securities  Exchange  Act  of  1934  is recorded, processed,
summarized  and  reported  as and when required. There has been no change in our
internal control over financial reporting during the fourth quarter of 2003 that
has  materially  affected,  or  is  reasonably  likely to materially affect, our
internal  control  over  financial  reporting.

CHANGES  IN  INTERNAL CONTROLS. Our principal executive and financial officer is
responsible  for establishing and maintaining adequate internal control over our
financial  reporting.  Our  principal  executive and financial officer concluded
that  our  internal controls over financial reporting were effective. There were
no  significant  changes  in  our  internal controls over financial reporting or
other  factors  that could significantly affect those controls during our fourth
fiscal  quarter  of the Year 2003 that has materially affected, or is reasonably
likely  to  materially  affect  our  internal controls over financial reporting.



                                    PART  III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,  AND  CONTROL  PERSONS.
         --------------------------------------------------------------

This  table  describes  the  Company's  current  Directors  and  Executive
Officers.

                  NAME                       AGE                TITLE
----------------------------------------     ---               -------
Frank  L. Dobrucki                            44     President, Chief Executive
                                                     Officer  and  Director

Frank  J  Dobrucki, President, CEO and Director. Mr. Dobrucki has been the chief
executive  officer  and a director of the Company since April, 2003. He has been
president,  chief  executive  officer  and  a director of Capitol Group Holdings
Corporation  since  March 2002. Mr. Dobrucki has over twenty years of experience
in  the  real  estate  foreclosure  industry,  serving  in  executive management
positions  with  several  real  estate  trustee  ventures and as a banking, loan
dissolution  consultant.

There  are  no  family  relationships  among any of the Registrant's officers or
directors.
No director, executive officer, promoter or control person of the Company during
the  past  five  years  has  had  any  involvement  in  any legal proceedings as
described  in  Item  401  (d)  of  Regulation  S-B.


SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE
-------------------------------------------------------

All  required  reports  have  been  filed  timely

CORPORATE  CODE  OF  ETHICS.
-------------------------
In  addition  to  the  Code of Business Conduct and Ethics of Global Links Corp.
(the  "Company")  that  apply to all employees and directors of the Company, the
CEO  and  all  financial officers, including the principal financial officer and
the  principal  accounting  officer,  are bound by the provisions set out below.
Collectively the Officers of the Company to whom this Code of Ethics applies are
called  "the  Officers".

     1.  The  Officers  are  responsible  for  full,  fair, accurate, timely and
     understandable disclosure in all periodic reports and financial disclosures
     required  to  be  filed  by  the  Company  with  the  SEC  or  disclosed to
     shareholders  and/or  the  public.

     2.  Therefore, the Officers shall immediately bring to the attention of the
     Audit  Committee,  [or  Disclosure  Compliance  Officer],  any  material
     information  of  which  the  employee  becomes  aware  that  affects  the
     disclosures  made by the Company in its public filings and assist the Audit
     Committee  [or  Disclosure  Compliance  Officer]  in  fulfilling  its
     responsibilities  for  full,  fair,  accurate,  timely  and  understandable
     disclosure  in  all  periodic  reports  required  to be filed with the SEC.

     3.  Each  of  the  Officers shall immediately bring to the attention of the
     Audit  Committee  [or Disclosure Compliance Officer] any information he may
     have  concerning:

          (a)  defects,  deficiencies, or discrepancies related to the design or
          operation  of internal controls which may affect the Company's ability
          to  accurately  record,  process,  summarize,  report and disclose its
          financial  data  or

          (b)  any  fraud,  whether or not material, that involves management or
          other  employees who have influential roles in the Company's financial
          reporting,  disclosures  or  internal  controls.

     4. The Officers shall promptly notify the Company's General Counsel, or the
     CEO  as  well  as the Audit Committee of any information he or she may have
     concerning  any  violation  of  the Company's Code of Ethics, including any
     actual  or apparent conflicts of interest between personal and professional
     relationships,  involving  any  management  or  other  employees who have a
     significant  role  in  the  Company's  financial  reporting, disclosures or
     internal  controls.

     5.  The  Officers  shall  immediately bring to the attention of the General
     Counsel  or  the  CEO and the Audit Committee any information he or she may
     have concerning evidence of a material violation of the securities or other
     laws,  rules  or  regulation applicable to the Company and the operation of
     its  business,  by  the  Company  or  any  agent  of  the  Company.

     6. The Board of Directors shall determine, or designate appropriate persons
     to  determine,  the  appropriate  actions  to  be  taken  in the event of a
     reported  violation  of  the  Code  of  Ethics.  The actions taken shall be
     designed to deter wrongdoing and to promote accountability for adherence to
     the  Code  of  Ethics.  Such  action  may  include  a written notice to the
     individual  involved  that  the  Board has determined that there has been a
     violation,  censure  by  the  Board,  demotion  or  re-assignment  of  the
     individual  involved,  suspension without pay or benefits (as determined by
     the  Board)  and  termination  of  employment.



In  determining  what  action should be taken, the Board, or its designee, shall
take  into  account  all  relevant  information,  including

     -  the  nature  and  severity  of  the  violation,

     -  whether  the violations was a single occurrence or repeated occurrences,

     -  whether  the  violation appears to have been intentional or inadvertent,

     -  whether  the  individual  in  question  had  been  advised  prior to the
        violation  as  to  the  proper  course  of  action  and

     -  whether or not the individual in question has committed other violations
        in  the  past.


ITEM.  10  EXECUTIVE  COMPENSATION
          ----------------------

The  following  table  sets forth the compensation of Global Links Corp.'s chief
executive  officer  for  the  periods  indicated.


<TABLE>
<CAPTION>
               SUMMARY  COMPENSATION  TABLE

               -------Annual  Compensation-------               -----Long-term  Compensation-----
                                            Other                 Securities
                                           Annual     Restricted   Underlying               All Other
Name and                                   Compen-      Stock      Options/      LTIP       Compen-
Principal               Salary    Bonus    sation     Award(s)       SAR's      Payouts     sations
Position       Year       $         $         $           $            #           $           $
(a)            (b)       (c)       (d)       (e)         (f)          (g)         (h)         (I)
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------
<S>          <C>       <C>       <C>      <C>        <C>          <C>          <C>        <C>

J. Hancock
President/
CEO         July 24, 2001
                Thru
COO              2002   $10,000        0          0       $8,750            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

J. Brewer
President, CEO
CFO      2002          $135,000        0    $18,043      $13,748            -          0            0
         2003 thru
            April 30   $ 45,000         0    $ 6,677            0            -          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

F. Dobrucki  (see note below)
President, CEO
         May 1, 2003
           Thru
        Dec. 31, 2003  $      -        0          0   $   4,000            0          0            0
          2004         $143,627        0          0       6,040            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

All restricted stock awards for Mr. Hancock and Mr. Brewer were terminated effective April 30, 2003.

</TABLE>


Note: Mr. F. Dobrucki entered into a five year employment agreement with Capitol
Group  Holdings  Corporation, dated July 1, 2002 calling for annual compensation
of  $156,000  plus  a  cash  bonus  of  from $50,000 to $100,000 per year, which
agreement  was  assumed  by  the  Company  in  April,  2003. The Company and Mr.
Dobrucki  agreed in December,2003 to forgo the compensation for 2003 in exchange
for  4,000,000  shares  of  Series  B  Preferred  Stock, and cancellation of the
Agreement  for  the remaining contract period, to be replaced by a new agreement
at a future date. There being no market for the preferred shares, the stock was
valued  at  the  par  value  of  $0.001  per  share (total value $4,000) for
accounting  purposes.  At December 31, 2003, the shares had not been issued, but
were  issued  in July, 2004, along with an additional 6,040,000 shares valued at
$6,040.


Mr. James Brewer entered into a three year consulting agreement with the company
Effective  October  1,  2001, which agreement was cancelled on December 14, 2001
and  replaced  by  a  three year employment agreement effective December 1, 2001
calling for salary of $10,000 per month through September, 30, 2002, $11,250 per
month  from  October 1, 2002 through September 30, 2003, $12,500 per month, from
October  1,  2003 through September 30, 2004, and $15,000 per month from October
1,  2004  through  November  30,  2004.  However,  Mr. Brewer has resigned as an
officer  of  the Company effective May 1, 2003, and the contract was canceled as
of  that  date.  No  cash  payments  have  been made to Mr. Brewer on either the
consulting  agreement  or the employment agreement, however, Mr. Brewer received
1,117  shares  of  the  Company's  common stock equivalent to $15,637 as partial
payment  of  amounts  due  Mr. Brewer under the employment agreement. Mr. Brewer
also received an option to purchase 36 shares of the Company's common restricted
stock  at an option price of $1,400.00 per share (adjusted for reverse splits of
the  Company's common stock) exercisable at any time prior to December 15, 2006.
Mr.  Brewer  agreed  to  terminate  the option at the time of his resignation in
April,  2003.


-     COMPENSATION  OF  DIRECTORS
      -------------------------
Prior  to  December,  2001 there were no standard arrangements pursuant to which
the  Company's  directors were to be compensated. In December, 2001 the Board of
Directors  approved  a  resolution  under which non-employee Directors are to be
paid  $500  per month for their services. In addition, Directors are entitled to
reimbursement  in  accordance  with  the  Company's  policies  for  traveling,
entertainment  and  any  other  expenses  reasonably incurred and related to the
performance  of  a  Director's  duties  and  responsibilities  on  behalf  of
Corporation.  Such fees are in lieu of any payments for attendance at Directors'
meetings.  There  are  no other  arrangements  pursuant  to  which  any  of  the
Company's  directors  were  otherwise  compensated  during  the  last  three
fiscal  years  for  any  service  provided  as  director.


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND MANAGEMENT.
          --------------------------------------------------------------

This  table  describes  the  ownership  at  December  31,  2002 of the Company's
outstanding  common  stock by: (i) each of the Company's Officers and Directors;
(ii)  each  person  who  is  known  by  the  Company  to own more than 5% of the
Company's  outstanding  common  stock;  and  (iii) all of the Company's Officers
and  Directors  as  a  group:

<TABLE>
<CAPTION>
TITLE OF         NAME AND ADDRESS OF          AMOUNT AND NATURE OF    PERCENT OF
CLASS             BENEFICIAL OWNER            BENEFICIAL OWNERSHIP       CLASS
<S>       <C>                                <C>                      <C>
                                                     (Common Shares)
          Principle Shareholders
          ---------------------------------   ---------------------   ---------

          Officers Directors:
          ---------------------------------
Common    Frank Dobrucki                                     11,172      0.00%
Stock     4600 E. Sunset Rd., # 320
          Henderson, NV 89014
          ---------------------------------

Common    All Officers and Directors
stock     as a group (1 person)                               11,172      0.00%
          ---------------------------------                =========     ======




Series B  Frank J. Dobrucki (see note below)              12,590,000     83.9%
Convert   4600 E. Sunset Rd., # 320
Preferred Henderson, NV 89014
          ---------------------------------
Series B  All Officers and Directors
Convert   as a group (1 person)
Preferred                                                 12,590,000     83.9%
          ---------------------------------               =========     ======
</TABLE>

Note: Mr. F. Dobrucki entered into a five year employment agreement with Capitol
Group  Holdings  Corporation, dated July 1, 2002 calling for annual compensation
of  $156,000  plus  a  cash  bonus  of  from $50,000 to $100,000 per year, which
agreement  was  assumed  by  the  Company  in  April,  2003. The Company and Mr.
Dobrucki  agreed in December,2003 to forgo the compensation for 2003 in exchange
for  4,000,000  shares  of  Series  B  Preferred  Stock, and cancellation of the
Agreement  for  the remaining contract period, to be replaced by a new agreement
at a future date. There being no market for the preferred shares, the stock was
valued  at  the  par  value  of  $0.001  per  share (total value $4,000) for
accounting  purposes.  At December 31, 2003, the shares had not been issued, but
were  issued  in July, 2004, along with an additional 6,040,000 shares valued at
$6,040.



                Equity  Compensation  Plan  Information

                                                                 Number  of
                                                                 Securities
                                                                  Remaining
                    Number of                               available for future
                   Securities  to  be                            issuance  under
                    Issued  upon          Weighted-average          equity
                    Exercise  of         exercise  price  of     compensation
                    Outstanding            outstanding         plans  (excluding
                Options, warrants       options, warrants   securities reflected
                    And  rights             and rights            in column (a))
Plan  category           (a)                   (b)                     (c)
-------------   ------------------    -------------------   --------------------
Equity
Compensation  plans
approved  by
security  holders

-------------   ------------------    -------------------   --------------------
Equity
Compensation  plans
not  approved  by             none                     -          562,500,000
security  holders  (see
Notes  below)

-------------   ------------------    -------------------   --------------------
Total                        none                      -          562,500,000
-------------   ------------------    -------------------   --------------------




Item  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.
          ----------------------------------------------

During  2002  and 2003, Mr. James Brewer made cash loans to the Company totaling
approximately  $63,000,  and  personally  paid  corporate  costs  totaling
approximately  $86,400.  In  September,  2003,  Mr.  Brewer  agreed to forgo the
repayment  of  a  total of $130,000 of these receivables in exchange for certain
consulting  services by the Company.


ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

a)  Exhibits

Aggregate  fees  billed  for  each of the last two fiscal years for professional
services  rendered by the principal accountant for the audit of the registrant's
annual  financial  statements and review of financial statements included in the
registrant's  Form  10Q or services that are normally provided by the accountant
in  connection  with  statutory  and regulatory filings or engagements for those
fiscal  years  are  as  follows:

                                   December  31,  2003     December  31,  2004
                                   ------------------   -------------------
Audit  Fees                           $ 13,250                   $10,000

Audit-Related  Fees                       None                     None

Tax  Fees                               $1,210              To be determined

All  Other  Fees                          None                     None

Audit  Committee's  pre-approval  policies  and  procedures:  Not  applicable




Exhibit
Number                                    Description  **                   Page
------                                    ---------------                   ----
     2.1*                     Plan  and  Agreement  of Triangular Merger
                              between  the  registrant  and  its wholly-
                              owned  subsidiary,  Global  Links  Capital
                              Group,Inc.,  and  Capitol  Group  Holdings
                              Corporation  dated  June  16,  2003

     3.1*                     Amended  and  Restated  Articles  of
                              Incorporation,  For  Global  Links  Corp.

     3.2*                     By-Laws as restated for Global Links Corp.

     4.1*                     Rights,  Preferences,  Privileges  and
                              Restrictions  Series  "A"  Convertible
                              Preferred  Stock

     4.2*                     Rights,  Preferences,  Privileges  and
                              Restrictions  Series  "B"  Convertible
                              Preferred  Stock

     10.1*                    United  Trading.Com  Employee  Stock
                              Incentive  Plan  For  The  Year  2002

     10.2*                    United  Trading.Com Non-Employee Directors
                              And  Consultants  Retainer  Stock Plan For
                              The  Year  2002

     10.3*                    United  Trading.Com Non-Employee Directors
                              And  Consultants  Retainer  Stock Plan For
                              The  Year  2002  No.  3

     10.4*                    Global  Links  Corp.  Employee  Stock
                              Incentive  Plan  for  the  Year  2003

     10.5*                    Global  Links Corp. Non-Employee Directors
                              and  Consultants  Retainer  Stock Plan for
                              Year  2003

     10.6*                    Global  Links  Corp.  Employee  Stock
                              Incentive  Plan  for  the  Year  2004

     10.7*                    Global  Links Corp. Non-Employee Directors
                              and  Consultants  Retainer  Stock Plan for
                              Year  2004
     10.8*                    Global  Links  Corp.  Employee  Stock
                              Incentive  Plan  for  the  Year  2004, #2

     10.9*                    Global  Links Corp. Non-Employee Directors
                              and  Consultants  Retainer  Stock Plan for
                              Year  2004, #2

     10.10*                    Global  Links  Corp.  Employee  Stock
                              Incentive  Plan  for  the  Year  2004, #3

     10.11*                    Global  Links Corp. Non-Employee Directors
                              and  Consultants  Retainer  Stock Plan for
                              Year  2004, #3

     19.1                     List  of  subsidiaries


*  Exhibits  were  previously  filed.

** Summaries of all Exhibits  contained within this  Registration  Statement are
modified  in  their  entirety  by  reference  to  these  Exhibits.



(b)  REPORTS  ON  FORM  8-K

There  have  been  no reports of Form 8-K made during the quarter ended December
31,  2003.



ITEM  14  PRINCIPAL  ACCOUNT  FEES  AND  SERVICES


----------
Aggregate  fees  billed  for  each of the last two fiscal years for professional
services  rendered by the principal accountant for the audit of the registrant's
annual  financial  statements and review of financial statements included in the
registrant's  Form  10Q or services that are normally provided by the accountant
in  connection  with  statutory  and regulatory filings or engagements for those
fiscal  years  are  as  follows:

                                   December  31,  2002     December  31,  2003
                                   ------------------   -------------------
Audit  Fees                             $1,625                   $1,250

Audit-Related  Fees                       None                     None

Tax  Fees                           Not  broken  out         To be determined

All  Other  Fees                          None                     None

Audit  Committee's  pre-approval  policies  and  procedures:  Not  applicable



                                 SIGNATURES


IN  accordance  with  Section  13  or  15(d) of THE Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                   GLOBAL  LINKS  CORP.
                        ---------------------------------------------------
                                  (Registrant)



                    By:      s/Frank  J.  Dobrucki,  President  and  Director
                        -------------------------------------------------


                    Date:  April  11,  2005
                          ----------------





                  CERTIFICATION  PURSUANT  TO
         SECTION  302  OF  THE  SARBANES-OXLEY  ACT  OF  2002



     I,  Frank  J. Dobrucki, Chief Executive Officer and Chief Financial Officer
Of  Global  Links  Corp.,  certify  that:

     1.   I  have  reviewed  this  Annual  Report on Form 10-KSB of Global Links
Corp.

     2.   Based  on my knowledge, this Annual Report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this Annual
Report;

     3.   Based  on  my knowledge, the financial statements, and other financial
information  included  in  this  Annual  Report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Registrant  as  of,  and  for,  the  periods  presented  in  this Annual Report;

     4.   I  am responsible for establishing and maintaining disclosure controls
and  procedures  (as  defined  in  Exchange Act Rules 13a-14 and 15d-14) for the
Registrant  and  have:

     a)   designed  such  disclosure  controls  and  procedures  to  ensure that
material  information  relating  to  the  Registrant, including any consolidated
subsidiaries,  is made known to me by others within those entities, particularly
during  the  period  in  which  this  Annual  Report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the Registrant's disclosure controls
and  procedures  as  of  a  date within 90 days prior to the filing date of this
Annual  Report  (the  "Evaluation  Date");  and

     c)   presented in this Annual Report my conclusions about the effectiveness
of  the  disclosure  controls  and  procedures  based on my evaluation as of the
Evaluation  Date;

     5.   I  have  disclosed,  based  on  my  most  recent  evaluation,  to  the
Registrant's  auditor  and  the  Registrant's  board  of  directors  (or persons
performing  the  equivalent  function);

     a)   all  significant  deficiencies  in the design or operation of internal
controls  which  could  adversely  affect  the  Registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
Registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

     b)   any  fraud, whether or not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

     6.     I  have  indicated  in  this Annual Report whether or not there were
significant  changes  in  internal  controls  or  in  other  factors  that could
significantly  affect internal controls subsequent to the date of my most recent
evaluation,
including  any  corrective  actions  with regard to significant deficiencies and
material  weaknesses.

Dated:  April  11,  2005         Signature:  /s/  Frank  J.  Dobrucki
                                           ----------------------------------
                                           Frank  J.  Dobrucki
                                           Chief  Executive  Officer,  and
                                           Chief  Financial  Officer

                      CERTIFICATION  PURSUANT  TO
                        18  U.S.C.SECTION  1350
                        AS  ADOPTED  PURSUANT  TO
             SECTION  906  OF  THE  SARBANES-OXLEY  ACT  OF  2002


     In  connection with the Annual Report of Global Links Corp. (the "Company")
on  Form  10-KSB  for  the  year  ending  December  31,  2003, as filed with the
Securities  and  Exchange Commission on the date hereof (the "Report"), I, Frank
J. Dobrucki,  Chief Executive Officer, President, and Chief Financial Officer of
the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section  906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge
and belief: (1) The Report fully complies with the requirements of Section 13(a)
or  15(d)  of  the  Securities  Exchange  Act  of  1934;  and

     (2)  The  information  contained  in  the  Report  fairly  presents, in all
material  respects,  the  financial  condition  and  result of operations of the
Company.

     Dated:                               /s/  Frank  J.  Dobrucki
           April  11,  2005                 ----------------------------
                                          Frank  J.  Dobrucki,  Chief
                                          Executive  Officer,  President,
                                          and  Chief  Financial  Officer