----

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**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

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**Form      10-QSB**

| Nevada                                                                                                | 88-0106514                              |
|-------------------------------------------------------------------------------------------------------|-----------------------------------------|
|                                                                                                  |                                    |
| (State                or other jurisdiction Employer of incorporation or                organization) | (IRS                Identification No.) |

| 89120                     | (702)                436-7007              |
|---------------------------|--------------------------------------------|
|                      |                                       |
| (Zip                Code) | (Issuer's                Telephone Number) |

| (Former                name, former address and former fiscal year, if changed since last                report) |
|------------------------------------------------------------------------------------------------------------------|

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**Check      whether the issuer**

**(1)      filed all reports required to be filed by Section13 or 15(d) of the Securities      Exchange Act of 1934 during the past 12 months (or for such shorter period      that      the registrant was required to file such reports), and (2) has been subject      to      such filing requirements for the past 90 days:**

**Yes      **
**x**
**      No **
**o**
**.**

**Indicate      by check mark whether the registrant is a shell company (as defined in Rule      12b-2 of the Exchange Act).**

**Yes      **
**o**
**      No **
**x**
**.**

**The      number of shares outstanding of each of the registrant's classes of such common      equity, as of August 10, 2006, was 77,672,086 shares of Common Stock and      13,760,000 shares of Series B Preferred Stock.**

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**Table      of Contents**

| ***PART                I***                                                                          | **3**  |
|------------------------------------------------------------------------------------------------------|--------|
| **ITEM                1.FINANCIAL STATEMENTS.**                                                      | **3**  |
| **ITEM                2.MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF                OPERATIONS**  | **11** |
| **ITEM                3. CONTROLS AND PROCEDURES**                                                   | **16** |
| ***PART                II. OTHER                INFORMATION***                                       | **16** |
| **ITEM                1.LEGAL PROCEEDINGS**                                                          | **16** |
| **ITEM                2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** | **16** |
| **ITEM                3.DEFAULTS UPON SENIOR SECURITIES: -                NONE**                     | **16** |
| **ITEM                4.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS: -                NONE** | **16** |
| **ITEM                5.OTHER INFORMATION - NONE**                                                   | **16** |
| **ITEM                6.EXHIBITS AND REPORTS ON FORM 8-K                -**                          | **16** |

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*Table          of Contents*

**PARTI**

| *ITEM              1.* | *FINANCIAL                STATEMENTS.* |
|------------------------|----------------------------------------|

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*Table          of Contents*

**Global      Links Corp**

**(A      Development Stage Enterprise)**

**CONDENSED      CONSOLIDATED BALANCE SHEET**

**(Unaudited)**

|                                                                                                                                             |   | As                ofJune                30, 2006 |          |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|---------------|
| ASSETS                                                                                                                                           |   |                                             |          |
| CURRENT                ASSETS                                                                                                                    |   |                                             |          |
| Cash                                                                                                                                             |   | $                                                | 2,348         |   |
| Deposits                                                                                                                                         |   |                                             | 27,187        |   |
| Prepaid                expenses                                                                                                                  |   |                                             | 422           |   |
| Employee                advance                                                                                                                  |   |                                             | 6,000         |   |
| Accounts                receivable (Net of allowance $2,063)                                                                                     |   |                                             | 12,461        |   |
| Notes                receivable                                                                                                                  |   |                                             | 153,000       |   |
| Related                party receivable                                                                                                          |   |                                             | 2,000         |   |
| Inventory                asset                                                                                                                   |   |                                             | 4,429         |   |
| Total                Current Assets                                                                                                              |   |                                             | 207,847       |   |
|                                                                                                                                             |   |                                             |          |   |
| PROPERTY                AND EQUIPMENT                                                                                                            |   |                                             |          |   |
| Land                                                                                                                                             |   |                                             | 502,767       |   |
| Building                (Net of depreciation of $93,914)                                                                                         |   |                                             | 1,234,586     |   |
| Furniture                and equipment (Net of depreciation $25,197)                                                                             |   |                                             | 47,463        |   |
| Total                Property and Equipment                                                                                                      |   |                                             | 1,784,816     |   |
|                                                                                                                                             |   |                                             |          |   |
| OTHER                ASSETS                                                                                                                      |   |                                             |          |   |
| Notes                receivable                                                                                                                  |   |                                             | 1,000,000     |   |
| Deposit                on land                                                                                                                   |   |                                             | 441,249       |   |
| Land                held for development                                                                                                         |   |                                             | 3,371,648     |   |
| Total                Other Assets                                                                                                                |   |                                             | 4,812,897     |   |
|                                                                                                                                             |   |                                             |          |   |
| **Total                Assets**                                                                                                                  |   | **$**                                            | **6,805,560** |   |
|                                                                                                                                             |   |                                             |          |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                              |   |                                             |          |   |
| CURRENT                LIABILITIES                                                                                                               |   |                                             |          |   |
| Accounts                payable                                                                                                                  |   | $                                                | 114,776       |   |
| Property                taxes payable                                                                                                            |   |                                             | 4,002,023     |   |
| Current                portion of debtenture payable (Net of discount $96,168)                                                                   |   |                                             | 276,465       |   |
| Accrued                interest on loans and notes                                                                                               |   |                                             | 98,291        |   |
| Total                Current Liabilities                                                                                                         |   |                                             | 4,491,555     |   |
|                                                                                                                                             |   |                                             |          |   |
| LONG                TERM LIABILITIES                                                                                                             |   |                                             |          |   |
|                                                                                                                                             |   |                                             |          |   |
| Debenture                payable- Sunset Building (Net of discount $134,942)                                                                     |   |                                             | 1,100,147     |   |
| Debenture                payable- Transix (Net of discount $5,628)                                                                               |   |                                             | 19,372        |   |
| Line                of credit - Majestic                                                                                                         |   |                                             | 15,000        |   |
| Rent                deposits                                                                                                                     |   |                                             | 5,000         |   |
| Total                Long Term Liabilities                                                                                                       |   |                                             | 1,139,519     |   |
|                                                                                                                                             |   |                                             |          |   |
| Commitments                and contingencies                                                                                                     |   |                                             | 100,000       |   |
| Total                Liabilities                                                                                                                 |   |                                             | 5,731,074     |   |
|                                                                                                                                             |   |                                             |          |   |
| STOCKHOLDERS'                EQUITY                                                                                                              |   |                                             |          |   |
| Preferred                Stock par value $0.001 (100,000,000 shares authorized, 13,760,000                issued                and outstanding) |   |                                             | 13,760        |   |
| Common                Stock par value $0.0001 (289,000,000 shares authorized, 77,672,086                issued                and outstanding)   |   |                                             | 7,767         |   |
| Additional                paid-in capital                                                                                                        |   |                                             | 6,376,813     |   |
| Stock                subscriptions receivable                                                                                                    |   |                                             | (359,780      | ) |
| Accumulated                deficit - accumulated during development stage                                                                        |   |                                             | (4,964,074    | ) |
| Total                Stockholders' Equity                                                                                                        |   |                                             | 1,074,486     |   |
| **Total                Liabilities and Stockholders' Equity**                                                                                    |   | **$**                                            | **6,805,560** |   |

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*Table          of Contents*

**GLOBAL      LINKS CORP.**

**(A      Development Stage Enterprise)**

**CONDENSED      CONSOLIDATED STATEMENT OF OPERATIONS**

**(Unaudited)**

|                                                                                                                               |   | Six                months endedJune                30, 2006 |         | (Six                months endedJune                30, 2005Restated) |   | InceptionMarch                28, 2002 throughJune                30, 2006 |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|--------------|-----------------------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|
| REVENUES                                                                                                                           |   |                                                        |         |                                                                  |   |                                                                       |   |
| Consulting                fees                                                                                                     |   | $                                                           | -            |                                                                  | $      | -                                                                          |   | $ | 100,000 |   |
| Rental                income                                                                                                       |   |                                                        | 90,666       |                                                                  |   | 72,510                                                                     |   |   | 251,742 |   |
| Construction                income                                                                                                 |   |                                                        | -            |                                                                  |   | -                                                                          |   |   | 17,300 |   |
| Sales                                                                                                                              |   |                                                        | 1,341,923    |                                                                  |   | -                                                                          |   |   | 1,341,923 |   |
| R-E                Info income                                                                                                     |   |                                                        | -            |                                                                  |   | -                                                                          |   |   | 408 |   |
| Option                Income                                                                                                       |   |                                                        | 151,000      |                                                                  |   | -                                                                          |   |   | 511,000 |   |
| Total                Revenues                                                                                                      |   |                                                        | 1,583,589    |                                                                  |   | 72,510                                                                     |   |   | 2,222,373 |   |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| Cost                of Goods Sold                                                                                                  |   |                                                        | 376,300      |                                                                  |   | -                                                                          |   |   | 516,314 |   |
| Gross                Profit                                                                                                        |   |                                                        | 1,207,289    |                                                                  |   | 72,510                                                                     |   |   | 1,706,059 |   |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| EXPENSES                                                                                                                           |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| General                and administrative                                                                                          |   |                                                        | 89,899       |                                                                  |   | 86,716                                                                     |   |   | 896,004 |   |
| Consulting                fees                                                                                                     |   |                                                        | 47,260       |                                                                  |   | 58,550                                                                     |   |   | 2,163,985 |   |
| Property                tax expense                                                                                                |   |                                                        | 157,610      |                                                                  |   | 5,000                                                                      |   |   | 514,180 |   |
| Officer                and employee compensation                                                                                   |   |                                                        | 135,191      |                                                                  |   | 115,700                                                                    |   |   | 2,383,740 |   |
| Professional                fees                                                                                                   |   |                                                        | 35,137       |                                                                  |   | 49,485                                                                     |   |   | 204,406 |   |
| Depreciation                and amortization                                                                                       |   |                                                        | 33,643       |                                                                  |   | 42,041                                                                     |   |   | 122,643 |   |
| Research                & development                                                                                          |   |                                                        | -            |                                                                  |   | -                                                                          |   |   | 125,000 |   |
| Maintenance                expense                                                                                                 |   |                                                        | 9,854        |                                                                  |   | 13,999                                                                     |   |   | 46,042 |   |
| Total                Expenses                                                                                                      |   |                                                        | 508,594      |                                                                  |   | 371,491                                                                    |   |   | 6,456,000 |   |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| OTHER                INCOME/(EXPENSE)                                                                                              |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| Gain                (loss) on disposal of an asset                                                                                 |   |                                                        | (1,752       | )                                                                     |   | -                                                                          |   |   | (2,565 | ) |
| Gain                (loss) on Judicial property seizure                                                                            |   |                                                        | -            |                                                                  |   | -                                                                          |   |   | (13,662 | ) |
| Interest                income                                                                                                     |   |                                                        | 16,836       |                                                                  |   | 12                                                                         |   |   | 17,452 |   |
| Interest                expense                                                                                                    |   |                                                        | (118,264     | )                                                                     |   | (124,371                                                                   | )      |   | (533,195 | ) |
| Total                Other Expense                                                                                                 |   |                                                        | (103,180     | )                                                                     |   | (124,359                                                                   | )      |   | (531,970 | ) |
|                                                                                                                               |   |                                                        |    |                                                                  |   |                                                                  |   |   |    |   |
| NET                INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS                                                                    |   |                                                        | **595,515**  |                                                                  |   | (423,340                                                                   | )      |   | (5,281,911 | ) |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| Discontinued                operations, Net                                                                                        |   |                                                        | -            |                                                                  |   | -                                                                          |   |   | 317,837 |   |
| **Net                Income (Loss)**                                                                                               |   | **$**                                                       | **595,515**  |                                                                  | **$**  | (423,340                                                                   | )      | **$** | (4,964,074 | ) |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| Net                income (loss) per common share, basic and diluted                                                               |   | $                                                           | 0.01         |                                                                  | $      | (0.04                                                                      | )      | $ | (103.18 | ) |
| Earnings                (loss) per share before discontinued operations                                                            |   | $                                                           | 0.01         |                                                                  | $      | (0.04                                                                      | )      | $ | (109.78 | ) |
| Earnings                per share of discontinued operations                                                                       |   |                                                        | -            |                                                                  |   | -                                                                          |   | $ | 6.61 |   |
|                                                                                                                               |   |                                                        |         |                                                                  |   |                                                                       |   |   |   |   |
| Weighted                Average number of common shares outstanding, basic and diluted adjusted                for previous splits |   |                                                        | 48,833,760   |                                                                  |   | 10,347,921                                                                 |   |   | 48,113 |   |

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*Table          of Contents*

**GLOBAL      LINKS CORP.**

**(A      Development Stage Enterprise)**

**CONDENSED      CONSOLIDATED STATEMENT OF OPERATIONS**

**(Unaudited)**

|                                                                                                                               |   | Three                months endedJune                30, 2006 |         | Three                months endedJune                30, 2005 |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------------|---------------------------------------------------------------|--------|
|                                                                                                                               |   |                                                          |         | (Restated)                                                    |   |
| REVENUES                                                                                                                           |   |                                                          |         |                                                          |   |
| Rental                income                                                                                                       |   | $                                                             | 44,357       |                                                          | $      | 36,255 |   |
| Option                Income                                                                                                       |   |                                                          | -            |                                                          |   | - |   |
| Total                Revenues                                                                                                      |   |                                                          | 44,357       |                                                          |   | 36,255 |   |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| Cost                of Goods Sold                                                                                                  |   |                                                          | -            |                                                          |   | - |   |
| Gross                Profit                                                                                                        |   |                                                          | 44,357       |                                                          |   | 36,255 |   |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| EXPENSES                                                                                                                           |   |                                                          |         |                                                          |   |   |   |
| General                and administrative                                                                                          |   |                                                          | 54,304       |                                                          |   | 44,013 |   |
| Consulting                fees                                                                                                     |   |                                                          | 16,900       |                                                          |   | 20,100 |   |
| Property                tax expense                                                                                                |   |                                                          | 32,170       |                                                          |   | - |   |
| Officer                and employee compensation                                                                                   |   |                                                          | 62,448       |                                                          |   | 47,558 |   |
| Professional                fees                                                                                                   |   |                                                          | 8,619        |                                                          |   | 16,502 |   |
| Depreciation                and amortization                                                                                       |   |                                                          | 14,799       |                                                          |   | 20,925 |   |
| Maintenance                expense                                                                                                 |   |                                                          | 5,951        |                                                          |   | 11,151 |   |
| Total                Expenses                                                                                                      |   |                                                          | 195,191      |                                                          |   | 160,249 |   |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| OTHER                INCOME/(EXPENSE)                                                                                              |   |                                                          |         |                                                          |   |   |   |
| Interest                income                                                                                                     |   |                                                          | 16,826       |                                                          |   | 3 |   |
| Interest                expense                                                                                                    |   |                                                          | (59,588      | )                                                             |   | (64,789 | ) |
| Loss                on disposal of an asset                                                                                        |   |                                                          | (939         | )                                                             |   | - |   |
| Total                Other Expense                                                                                                 |   |                                                          | (43,701      | )                                                             |   | (64,786 | ) |
|                                                                                                                               |   |                                                          |    |                                                          |   |    |   |
| NET                LOSS BEFORE DISCONTINUED OPERATIONS                                                                             |   | $                                                             | (194,535     | )                                                             | $      | (188,780 | ) |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| Discontinued                operations, Net                                                                                        |   |                                                          | -            |                                                          |   | - |   |
| **Net                Loss**                                                                                                        |   | **$**                                                         | **(194,535** | **)**                                                         | **$**  | **(188,780** | **)** |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| Net                loss per common share, basic and diluted                                                                        |   | $                                                             | (0.003       | )                                                             | $      | (0.01 | ) |
| Loss                per share before discontinued operations                                                                       |   | $                                                             | (0.003       | )                                                             | $      | (0.01 | ) |
| Earnings                per share of discontinued operations                                                                       |   | $                                                             | -            |                                                          | $      | - |   |
|                                                                                                                               |   |                                                          |         |                                                          |   |   |   |
| Weighted                Average number of common shares outstanding, basic and diluted adjusted                for previous splits |   |                                                          | 72,823,877   |                                                          |   | 13,232,337 |   |

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*Table          of Contents*

**GLOBAL      LINKS CORP**

**(A      Development Stage Enterprise)**

**CONDENSED      CONSOLIDATED STATEMENT OF CASH FLOWS**

**(Unaudited)**

|                                                                                                           |   | Six                months endedJune                30, 2006 |       | Six                months endedJune                30, 2005 (Restated) |   | InceptionMarch                28, 2002Thru                June 30, 2006 |   |
|----------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|------------|------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|--------|
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |
| OPERATING                ACTIVITES                                                                             |   |                                                        |       |                                                                   |   |                                                                    |   |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |
| Net                income (loss)                                                                               |   | $                                                           | 595,515    |                                                                   | $      | (423,340                                                                | )      | $ | (4,964,074 | ) |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Adjustments                to reconcile net income (loss) to cash used in operating                activities: |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Depreciation                and amortization                                                                   |   |                                                        | 33,643     |                                                                   |   | 42,041                                                                  |   |   | 122,643 |   |
| Allowance                for doubtful accounts                                                                 |   |                                                        | 2,063      |                                                                   |   | -                                                                       |   |   | 2,063 |   |
| Gain                on sale of subsidiary                                                                      |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | (433,908 | ) |
| Loss                on seizure of property                                                                     |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 13,662 |   |
| Loss                on the disposal of an asset                                                                |   |                                                        | 1,752      |                                                                   |   | -                                                                       |   |   | 2,565 |   |
| Consulting                and legal fees paid via stock                                                        |   |                                                        | 59,892     |                                                                   |   | 22,850                                                                  |   |   | 1,328,345 |   |
| Officer's                compensation paid via stock                                                           |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 1,483,200 |   |
| Employee                stock incentive plan                                                                   |   |                                                        | 26,754     |                                                                   |   | 21,335                                                                  |   |   | 332,293 |   |
| Amortization                of beneficial conversion feature                                                   |   |                                                        | 56,568     |                                                                   |   | 59,436                                                                  |   |   | 228,820 |   |
| Notes                receivable for land                                                                       |   |                                                        | (1,000,000 | )                                                                      |   | -                                                                       |   |   | (1,000,000 | ) |
| Interest                on notes receivable for land                                                           |   |                                                        | (13,816    | )                                                                      |   | -                                                                       |   |   | (13,816 | ) |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Changes                in operating assets and liabilities                                                     |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Increase                in notes receivable                                                                    |   |                                                        | (153,000   | )                                                                      |   | -                                                                       |   |   | (153,000 | ) |
| Increase                in inventory                                                                           |   |                                                        | (113       | )                                                                      |   | -                                                                       |   |   | (4,429 | ) |
| (Decrease)                increase in accounts receivable                                                      |   |                                                        | 4,230      |                                                                   |   | (298                                                                    | )      |   | (708 | ) |
| Increase                in employee advance                                                                    |   |                                                        | (6,000     | )                                                                      |   | -                                                                       |   |   | (6,000 | ) |
| Decrease                (increase) in prepaid expenses                                                         |   |                                                        | 3,283      |                                                                   |   | 243                                                                     |   |   | (422 | ) |
| Increase                in related party receivable                                                            |   |                                                        | (2,000     | )                                                                      |   | -                                                                       |   |   | (2,000 | ) |
| Increase                in deposits                                                                            |   |                                                        | -          |                                                                   |   | (487                                                                    | )      |   | (27,187 | ) |
| (Decrease)                increase in accounts payable                                                         |   |                                                        | (92,383    | )                                                                      |   | 14,266                                                                  |   |   | 114,776 |   |
| Increase                in unearned revenue                                                                    |   |                                                        | -          |                                                                   |   | 25,000                                                                  |   |   | - |   |
| Increase                in rent deposits                                                                       |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 5,000 |   |
| Increase                in accrued liabilities                                                                 |   |                                                        | 16,604     |                                                                   |   | 23,928                                                                  |   |   | 491,291 |   |
| Increase                in liabilities of subsidiary sold                                                      |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 135,789 |   |
| (Decrease)                increase in property taxes payable                                                   |   |                                                        | (184,483   | )                                                                      |   | -                                                                       |   |   | 147,413 |   |
| Increase                in commitments and contingences                                                        |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 100,000 |   |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Decrease                in liabilities of discontinued operations                                              |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 263,119 |   |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Net                cash used in operating activities                                                           |   |                                                        | (651,491   | )                                                                      | $      | (215,026                                                                | )      |   | (1,834,565 | ) |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| INVESTMENT                ACTIVITIES                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Cash                paid for property plant and equipment                                                      |   |                                                        | (13,423    | )                                                                      |   | (36,071                                                                 | )      |   | (954,929 | ) |
| Proceeds                from sale of subsidiary                                                                |   |                                                        | -          |                                                                   |   | -                                                                       |   |   | 35,000 |   |
| Cash                paid for deposit on land                                                                   |   |                                                        | (20,000    | )                                                                      |   | -                                                                       |   |   | (107,937 | ) |
| Decrease                in land held for development                                                           |   |                                                        | 376,300    |                                                                   |   | -                                                                       |   |   | 376,300 |   |
|                                                                                                           |   |                                                        |       |                                                                   |   |                                                                    |   |   |   |   |
| Net                cash provided by (used in) investment activities                                            |   |                                                        | 342,877    |                                                                   |   | (36,071                                                                 | )      |   | (651,566 | ) |

----

*Table          of Contents*

**GLOBAL      LINKS CORP**

**(A      Development Stage Enterprise)**

**CONDENSED      CONSOLIDATED STATEMENT OF CASH FLOWS**

|                                                        |   | Six                Months EndedJune                30, 2006 |      | Six                Months EndedJune                30, 2005 (Restated) |   | InceptionMarch                28, 2002Thru                June 30, 2006 |   |
|-------------------------------------------------------------|--------|-------------------------------------------------------------|-----------|------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|--------|
| FINANCING                ACTIVITIES                         |   |                                                        |      |                                                                   |   |                                                                    |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |
| Cash                proceeds from debt                      |   | $                                                           | 15,000    |                                                                   | $      | 66,000                                                                  |   | $ | 220,000 |   |
| Cash                paid to reduce debt                     |   |                                                        | (4,871    | )                                                                      |   | (19,381                                                                 | )      |   | (42,279 | ) |
| Release                of common stock receivable           |   |                                                        | 482       |                                                                   |   | -                                                                       |   |   | 22,983 |   |
| Issuance                of common stock receivable          |   |                                                        | (359,780  | )                                                                      |   | -                                                                       |   |   | (360,262 | ) |
| Cash                proceeds for sale of common stock       |   |                                                        | 482,330   |                                                                   |   | 214,520                                                                 |   |   | 2,533,394 |   |
| Fair                market value of stock sold              |   |                                                        | 114,643   |                                                                   |   | -                                                                       |   |   | 114,643 |   |
| Increase                in payable/loan to officer          |   |                                                        | -         |                                                                   |   | 500                                                                     |   |   | - |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Net                cash provided by financing activities    |   | $                                                           | 247,804   |                                                                   | $      | 261,639                                                                 |   | $ | 2,488,479 |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Increase                (decrease) in cash                  |   |                                                        | (60,810   | )                                                                      |   | 10,542                                                                  |   |   | 2,348 |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Cash                at Beginning of Period                  |   |                                                        | 63,158    |                                                                   |   | 4,339                                                                   |   |   | - |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| **Cash                at End of Period**                    |   | **$**                                                       | **2,348** |                                                                   | **$**  | **14,881**                                                              |   | **$** | **2,348** |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES                     |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Cash                payment for interest                    |   | $                                                           | 10,433    |                                                                   | $      | 50,906                                                                  |   | $ | 138,271 |   |
| Cash                payment for income taxes                |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | - |   |
|                                                        |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Non                cash investing and financing activities  |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Beneficial                conversion feature                |   | $                                                           | -         |                                                                   | $      | 13,925                                                                  |   | $ | 465,558 |   |
| Shares                Issued for the conversion of debt     |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | 18,987 |   |
| Shares                issued for the merger with Capitol    |   |                                                        |      |                                                                   |   |                                                                    |   |   |   |   |
| Group                                                       |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | 116,378 |   |
| Note                for Sunset building                     |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | 1,280,000 |   |
| Reverse                split on common stock                |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | 22,468 |   |
| Property                tax payable released in tax seizure |   | $                                                           | -         |                                                                   | $      | -                                                                       |   | $ | 1,390 |   |
| Conversion                of Preferred Stock to Common      |   | $                                                           | 1,240     |                                                                   | $      | -                                                                       |   | $ | 1,240 |   |
| 3-for-1                forward stock split                  |   | $                                                           | 4,588     |                                                                   | $      | -                                                                       |   | $ | 4,588 |   |
| Conversion                of debenture payable              |   | $                                                           | 10,000    |                                                                   | $      | -                                                                       |   | $ | 10,000 |   |

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*Table          of Contents*

**GLOBAL      LINKS CORP.**

**(A      Development Stage Enterprise)**

**NOTES      TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**June      30, 2006**

**Note      1 - Basis of Presentation**

*Loss      Per Share *

*Revenue      Recognition*

*Allowance      for Doubtful Accounts*

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*Table          of Contents*

**Note      1 - Basis of Presentation (Continued)**

*Estimates*

*Share-Based      Payment*

**Note      2 - Related Party Transaction**

**Note      3 - Notes Receivable**

**Note      4 - Land Held for Development**

**Note      5 - **
**Debt**

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*Table          of Contents*

**Note      6 - Income taxes**

**Note      7 - Common Stock**

| Six                months ended June 30, 2006 |   | Number                of shares |       | Shares                dollars |   | Bonus                portion |   | Shares                at the beginning of the period |   | Shares                at the end of the period |   |
|-----------------------------------------------|--------|---------------------------------|------------|-------------------------------|--------|------------------------------|--------|------------------------------------------------------|--------|------------------------------------------------|--------|
| S-8                Reg. Employee              |   |                            | 10,550,000 |                          | $      | 482,330                      |   | $                                                    | 26,754 |                                           |   | 383,280,000 |   |   | 372,730,000 |   |
| S-8                Reg. Non-Employee          |   |                            | 1,310,000  |                          | $      | 59,892                       |   |                                                 | -      |                                           |   | 82,200,000 |   |   | 80,890,000 |   |

| Shares                issued during the three months ended June 30, 2006 |   | Number                of shares granted |      | Dollar                amount of stock subscription |   |
|--------------------------------------------------------------------------|--------|-----------------------------------------|-----------|----------------------------------------------------|--------|
| S-8                Reg Employee                                          |   |                                    | 6,000,000 |                                               | $      | 210,000 |   |

**Note      8 - Commitments and Contingencies**

| *ITEM                  2.* | *MANAGEMENT'S                    DISCUSSION AND ANALYSIS OR PLAN OF                    OPERATIONS* |
|----------------------------|----------------------------------------------------------------------------------------------------|

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*Table          of Contents*

| *ITEM                    2.* | *MANAGEMENT'S                    DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS                    (CONTINUED)* |
|------------------------------|----------------------------------------------------------------------------------------------------------------|

*“Our      vision is to change the global housing market and provide affordable housing      through the partnerships of quality home builders. We fulfill this vision by      providing free real estate information of property to the general public and      by      providing innovative and affordable solutions to senior citizens through      projects such as “Valle Vista”-a development where all seniors can call home”...the Management. *

*Concentrations*

*Revenue      Recognition*

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*Table          of Contents*

| *ITEM                    2.* | *MANAGEMENT'S                    DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS                    (CONTINUED)* |
|------------------------------|----------------------------------------------------------------------------------------------------------------|

*Allowance      for Doubtful Accounts*

*Estimates*

*Loss      Per Share *

*Share-Based      Payment*

|                                       |   | June                30, 2006 |      | June                30, 2005 |   | Difference |   | Percent |      |
|--------------------------------------------|--------|------------------------------|-----------|------------------------------|--------|------------|--------|---------|-----------|
| Net                revenues                |   | $                            | 1,583,589 |                         | $      | 72,510     |   | $       | 1,511,079 |   |   | 2084 | % |
| Cost                of goods sold          |   |                         | 376,300   |                         |   | -          |   |    | 376,300   |   |   | 100 | % |
| Gross                profit                |   |                         | 1,207,289 |                         |   | 72,510     |   |    | 1,134,779 |   |   | 1565 | % |
| Operating                expense (*)       |   |                         | 611,774   |                         |   | 495,850    |   |    | 115,924   |   |   | 23 | % |
| Net                operating income (loss) |   | $                            | 595,515   |                         | $      | (423,340   | )      | $       | 1,018,855 |   |   | -241 | % |

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*Table          of Contents*

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*Table          of Contents*

|                                    |   | June                30, 2006 |      | December                31, 2005 |   | Difference |   | Percent |     |
|-----------------------------------------|--------|------------------------------|-----------|----------------------------------|--------|------------|--------|---------|----------|
| Cash                                    |   | $                            | 2,348     |                             | $      | 63,158     |   | $       | (60,810  | ) |   | -96 | % |
| Current                liabilities      |   | $                            | 4,491,555 |                             | $      | 4,745,091  |   | $       | (253,536 | ) |   | -5 | % |
| Current                receivables, net |   | $                            | 18,461    |                             | $      | 4,938      |   | $       | 13,523   |   |   | 274 | % |
| Note                receivable          |   | $                            | 153,000   |                             | $      | -          |   | $       | 153,000  |   |   | 100 | % |

*Forward      Looking Statements*

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*Table          of Contents*

| *ITEM                  3.* | *CONTROLS                    AND PROCEDURES* |
|----------------------------|----------------------------------------------|

*Evaluation      of disclosure controls and procedures.*

*Changes      in internal controls.*

**PART      II. OTHER INFORMATION**

| *ITEM                  1.* | *LEGAL                  PROCEEDINGS* |
|----------------------------|--------------------------------------|

| *ITEM                  2.* | *UNREGISTERED                  SALES OF EQUITY SECURITIES AND USE OF                  PROCEEDS* |
|----------------------------|-------------------------------------------------------------------------------------------------|

| *ITEM                  3.* | *DEFAULTS                  UPON SENIOR SECURITIES: - NONE* |
|----------------------------|------------------------------------------------------------|

| *ITEM                  4.* | *SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS: -                  NONE* |
|----------------------------|-------------------------------------------------------------------------------------------------|

| *ITEM                  5.* | *OTHER                  INFORMATION - NONE* |
|----------------------------|---------------------------------------------|

| *ITEM                  6.* | *EXHIBITS                  AND REPORTS ON FORM 8-K* |
|----------------------------|-----------------------------------------------------|

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

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