----

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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 Employerof                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 **
** ̈**
**.**

**The      number of shares of the registrant's issued and outstanding stock as of January      30, 2006 was 5,078,362 shares of common, 15,000,000 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**  | **12** |
| **ITEM                3.  CONTROLS AND                PROCEDURES**                                     | **14** |
| ***PART                II. OTHER                INFORMATION***                                              | **14** |
| **ITEM                1.  LEGAL                PROCEEDINGS**                                           | **14** |
| **ITEM                2.  UNREGISTERED SALES OF EQUITY SECURITIES                AND USE OF PROCEEDS** | **14** |
| **ITEM                3.  DEFAULTS UPON SENIOR SECURITIES: -                NONE**                     | **14** |
| **ITEM                4.  SUBMISSION OF MATTERS TO A VOTE OF                SECURITY HOLDERS: - NONE** | **14** |
| **ITEM                5.  OTHER INFORMATION -                NONE**                                    | **15** |
| **ITEM                6.  EXHIBITS AND REPORTS ON FORM 8-K                -**                          | **15** |

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*Table            of Contents*

**PART      I**

*ITEM      1.  FINANCIAL STATEMENTS.*

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*Table            of Contents*

**Global        Links Corp**

**(A        Development Stage Enterprise)**

**CONDENSED        CONSOLIDATED BALANCE SHEET**

| ASSETS                                                                                                                                             |   | 2005   |          |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------|
|                                                                                                                                               |   |   |          |
| CURRENT                  ASSETS                                                                                                                    |   |   |          |
| Cash                                                                                                                                               |   | $      | 78,672        |   |
| Receivables                                                                                                                                        |   |   | 203           |   |
| Note                  receivable, related party                                                                                                    |   |   | 500           |   |
| Prepaid                  expenses                                                                                                                  |   |   | 334           |   |
| Total                  Current Assets                                                                                                              |   |   | 79,709        |   |
|                                                                                                                                               |   |   |          |   |
| PROPERTY                  AND EQUIPMENT                                                                                                            |   |   |          |   |
| Land                                                                                                                                               |   |   | 502,767       |   |
| Building                                                                                                                                           |   |   | 1,389,636     |   |
| Building                  improvements                                                                                                             |   |   | 269,880       |   |
| Equipment                                                                                                                                          |   |   | 7,948         |   |
| Furniture                  and fixtures                                                                                                            |   |   | 56,251        |   |
| Accumulated                  depreciation                                                                                                          |   |   | (80,203       | ) |
| Total                  Property and Equipment                                                                                                      |   |   | 2,146,279     |   |
| OTHER                  ASSETS                                                                                                                      |   |   |          |   |
| Land                  held for development                                                                                                         |   |   | 3,765,500     |   |
| Deposits                                                                                                                                           |   |   | 2,000         |   |
| Option                  deposits to purchase land for expansion                                                                                    |   |   | 77,830        |   |
| **Total                  Assets**                                                                                                                  |   | **$**  | **6,071,318** |   |
|                                                                                                                                               |   |   |          |   |
| LIABILITIES                  AND STOCKHOLDERS’ EQUITY                                                                                        |   |   |          |   |
| CURRENT                  LIABILITIES                                                                                                               |   |   |          |   |
| Accounts                  payable                                                                                                                  |   | $      | 212,823       |   |
| Property                  tax payable                                                                                                              |   |   | 3,876,000     |   |
| Unearned                  revenue                                                                                                                  |   |   | 325,000       |   |
| Current                  portion of debt, net of unamortized costs of $35,946                                                                      |   |   | 352,881       |   |
| Accrued                  interest on loans and notes                                                                                               |   |   | 52,000        |   |
| Total                  Current Liabilities                                                                                                         |   |   | 4,818,704     |   |
|                                                                                                                                               |   |   |          |   |
| LONG                  TERM LIABILITIES                                                                                                             |   |   |          |   |
| Debt,                  net of unamortized costs of $201,612                                                                                        |   |   | 1,058,110     |   |
| Rent                  deposit                                                                                                                      |   |   | 5,000         |   |
| Total                  Long Term Liabilities                                                                                                       |   |   | 1,063,110     |   |
| Total                  Liabilities                                                                                                                 |   |   | 5,881,814     |   |
|                                                                                                                                               |   |   |          |   |
| Commitment                  and Contingencies                                                                                                      |   |   | -             |   |
|                                                                                                                                               |   |   |          |   |
| STOCKHOLDERS'                  EQUITY                                                                                                              |   |   |          |   |
| Common                  Stock par value $0.001 (500,000,000 shares authorized, 4,678,362                  issued                  and outstanding) |   |   | 428           |   |
| Series                  B Preferred Stock (15,000,000 shares authorized, 15,000,000 issued                  and                  outstanding)      |   |   | 15,000        |   |
| Additional                  paid-in capital                                                                                                        |   |   | 3,788,664     |   |
| Accumulated                  deficit - accumulated during the development stage                                                                    |   |   | (3,614,588    | ) |
| Total                  Stockholders' Equity                                                                                                        |   |   | 189,504       |   |
| **Total                  Liabilities and Stockholder’s Equity**                                                                              |   | **$**  | **6,071,318** |   |

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*Table            of Contents*

**Global        Links Corp**

**(A        Development Stage Enterprise)**

**CONDENSED        CONSOLIDATED STATEMENT OF OPERATIONS**

**Nine        Months Ended September 30, 2005**

|                                                                                                                                                                             |   | Nine                            months ended September                            30, 2005 |         | Nine                            months ended September                            30, 2004 |   | March                            28, 2002 (inception)                            through September                            30, 2005 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|--------------|--------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------|--------|
| REVENUES                                                                                                                                                                         |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |
| Consulting                            fees                                                                                                                                       |   | $                                                                                          | -            |                                                                                       | $      | 100,000                                                                                                                                |   | $ | 100,000 |   |
| RE                            Info fees                                                                                                                                          |   |                                                                                       | -            |                                                                                       |   | 408                                                                                                                                    |   |   | 408 |   |
| Construction                            income                                                                                                                                   |   |                                                                                       | 13,800       |                                                                                       |   | -                                                                                                                                      |   |   | 13,800 |   |
| Rental                            income                                                                                                                                         |   |                                                                                       | 112,901      |                                                                                       |   | -                                                                                                                                      |   |   | 125,676 |   |
| Total                            Revenues                                                                                                                                        |   |                                                                                       | 126,701      |                                                                                       |   | 100,408                                                                                                                                |   |   | 239,884 |   |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| COST                            OF SALES                                                                                                                                         |   |                                                                                       | 12,514       |                                                                                       |   | 50,000                                                                                                                                 |   |   | 137,514 |   |
| GROSS                            MARGIN                                                                                                                                          |   |                                                                                       | 114,187      |                                                                                       |   | 50,408                                                                                                                                 |   |   | 102,370 |   |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| EXPENSES                                                                                                                                                                         |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| General                            and administrative                                                                                                                            |   |                                                                                       | 127,324      |                                                                                       |   | 50,257                                                                                                                                 |   |   | 331,533 |   |
| Employee                            and director compensation                                                                                                                    |   |                                                                                       | 171,785      |                                                                                       |   | 465,748                                                                                                                                |   |   | 770,265 |   |
| Consulting                            fees                                                                                                                                       |   |                                                                                       | 91,643       |                                                                                       |   | 953,555                                                                                                                                |   |   | 1,689,699 |   |
| Professional                            fees                                                                                                                                     |   |                                                                                       | 61,644       |                                                                                       |   | 129,857                                                                                                                                |   |   | 218,092 |   |
| Property                            tax expense                                                                                                                                  |   |                                                                                       | 34,772       |                                                                                       |   | 15,000                                                                                                                                 |   |   | 427,772 |   |
| Research                            and development                                                                                                                              |   |                                                                                       | -            |                                                                                       |   | 125,000                                                                                                                                |   |   | 125,000 |   |
| Depreciation                            and amortization                                                                                                                         |   |                                                                                       | 63,427       |                                                                                       |   | 1,098                                                                                                                                  |   |   | 80,203 |   |
| Total                            Expenses                                                                                                                                        |   |                                                                                       | 550,595      |                                                                                       |   | 1,740,515                                                                                                                              |   |   | 3,642,564 |   |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| OTHER                            INCOME (EXPENSE)                                                                                                                                |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| Interest                            Income                                                                                                                                       |   |                                                                                       | 12           |                                                                                       |   | 104                                                                                                                                    |   |   | 116 |   |
| Interest                            Expense                                                                                                                                      |   |                                                                                       | (214,586     | )                                                                                          |   | (109,404                                                                                                                               | )      |   | (392,347 | ) |
| Total                            Other Income (Expense)                                                                                                                          |   |                                                                                       | (214,574     | )                                                                                          |   | (109,300                                                                                                                               | )      |   | (392,231 | ) |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| NET                            LOSS BEFORE                                                                                                                                       |   |                                                                                       | (650,982     | )                                                                                          |   | (1,799,407                                                                                                                             | )      |   | (3,932,425 | ) |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| Discontinued                            Operations, net                                                                                                                          |   |                                                                                       | -            |                                                                                       |   | (29,153                                                                                                                                | )      |   | (116,071 | ) |
| Gain                            on the Sale of an Asset                                                                                                                          |   |                                                                                       | -            |                                                                                       |   | -                                                                                                                                      |   |   | 433,908 |   |
| **Net                            Loss**                                                                                                                                          |   | **$**                                                                                      | **(650,982** | **)**                                                                                      | **$**  | **(1,828,560**                                                                                                                         | **)**  | **$** | **(3,614,588** | **)** |
|                                                                                                                                                                             |   |                                                                                       |         |                                                                                       |   |                                                                                                                                   |   |   |   |   |
| Net                            Loss per Common Share, Basic and Diluted                                                                                                          |   | $                                                                                          | (0.176       | )                                                                                          | $      | (1,526.34                                                                                                                              | )      | $ | (13.724 | ) |
| Earnings                            per share before discontinued operations                                                                                                     |   | $                                                                                          | (0.176       | )                                                                                          | $      | (1,502.01                                                                                                                              | )      | $ | (14.931 | ) |
| Earnings                            per share of discontinued operations                                                                                                         |   |                                                                                       | -            |                                                                                       | $      | (24.33                                                                                                                                 | )      | $ | 1.207 |   |
| Weighted                            Average per common shares outstanding, basic and diluted                            adjusted for                            previous splits. |   |                                                                                       | 3,693,530    |                                                                                       |   | 1,198                                                                                                                                  |   |   | 263,379 |   |

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*Table            of Contents*

**Global        Links Corp**

**(A        Development Stage Enterprise)**

**CONDENSED        CONSOLIDATED STATEMENT OF OPERATIONS**

**Three        Months Ended September 30, 2005**

|                                                                                                                                                     |   | Three                    Months Ended September                    30, 2005 |         | Three                    Months Ended September                    30, 2004 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------------|-----------------------------------------------------------------------------|--------|
| REVENUES                                                                                                                                                 |   |                                                                        |         |                                                                        |   |
| Consulting                    fees                                                                                                                       |   | $                                                                           | -            |                                                                        | $      | 100,000 |   |
| RE                    Info fees                                                                                                                          |   |                                                                        | -            |                                                                        |   | 408 |   |
| Construction                    income                                                                                                                   |   |                                                                        | 13,800       |                                                                        |   | - |   |
| Rental                    income                                                                                                                         |   |                                                                        | 40,391       |                                                                        |   | - |   |
| Total                    Revenues                                                                                                                        |   |                                                                        | 54,191       |                                                                        |   | 100,408 |   |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| COST                    OF SALES                                                                                                                         |   |                                                                        | 12,514       |                                                                        |   | 50,000 |   |
| GROSS                    MARGIN                                                                                                                          |   |                                                                        | 41,677       |                                                                        |   | 50,408 |   |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| EXPENSES                                                                                                                                                 |   |                                                                        |         |                                                                        |   |   |   |
| General                    and administrative                                                                                                            |   |                                                                        | 41,534       |                                                                        |   | 36,102 |   |
| Employee                    and director compensation                                                                                                    |   |                                                                        | 56,085       |                                                                        |   | 53,059 |   |
| Consulting                    fees                                                                                                                       |   |                                                                        | 33,093       |                                                                        |   | 167,815 |   |
| Professional                    fees                                                                                                                     |   |                                                                        | 12,159       |                                                                        |   | 37,378 |   |
| Property                    tax expense                                                                                                                  |   |                                                                        | 14,956       |                                                                        |   | 5,000 |   |
| Research                    and development                                                                                                              |   |                                                                        | -            |                                                                        |   | 125,000 |   |
| Depreciation                    and amortization                                                                                                         |   |                                                                        | 21,387       |                                                                        |   | 386 |   |
| Total                    Expenses                                                                                                                        |   |                                                                        | 179,214      |                                                                        |   | 424,740 |   |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| OTHER                    INCOME (EXPENSE)                                                                                                                |   |                                                                        |         |                                                                        |   |   |   |
| Interest                    income                                                                                                                       |   |                                                                        | -            |                                                                        |   | 8 |   |
| Interest                    expense                                                                                                                      |   |                                                                        | (64,481      | )                                                                           |   | (84,322 | ) |
| Total                    Other Income (Expense)                                                                                                          |   |                                                                        | (64,481      | )                                                                           |   | (84,314 | ) |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| NET                    LOSS BEFORE                                                                                                                       |   |                                                                        | (202,018     | )                                                                           |   | (458,646 | ) |
| Discontinued                    Operations, net                                                                                                          |   |                                                                        | -            |                                                                        |   | (22,255 | ) |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| **Net                    loss**                                                                                                                          |   | **$**                                                                       | **(202,018** | **)**                                                                       | **$**  | **(480,901** | **)** |
|                                                                                                                                                     |   |                                                                        |         |                                                                        |   |   |   |
| Net                    Loss per Common Share, Basic and Diluted                                                                                          |   | $                                                                           | (0.046       | )                                                                           | $      | (223.47 | ) |
| Earnings                    per share before discontinued operations                                                                                     |   | $                                                                           | (0.046       | )                                                                           | $      | (213.13 | ) |
| Earnings                    per share of discontinued operations                                                                                         |   | $                                                                           | -            |                                                                        | $      | (10.34 | ) |
| Weighted                    Average per common shares outstanding, basic and diluted adjusted                    for                    previous splits. |   |                                                                        | 4,382,709    |                                                                        |   | 2,152 |   |

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*Table            of Contents*

**GLOBAL        LINKS CORP.**

**(A        Development Stage Enterprise)**

**CONDENSED        CONSOLIDATED STATEMENT OF CASH FLOWS**

|                                                                                                                 |   | Nine                  Months Ended                  September                  30, 2005 |     | Nine                  Months Ended                  September                  30, 2004 |   | March                  28, 2002 (inception)                  through September                  30, 2005 |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|----------|-----------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------|
| OPERATING                  ACTIVITIES                                                                                |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |
| Net                  Loss                                                                                            |   | $                                                                                       | (650,982 | )                                                                                       | $      | (1,828,560                                                                                               | )      | $ | (3,614,588 | ) |
| Adjustments                  to reconcile Net Loss to Cash provided (used) by operating                  activities: |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| Depreciation                  and amortization                                                                       |   |                                                                                    | 63,427   |                                                                                    |   | 1,098                                                                                                    |   |   | 80,203 |   |
| (Gain)                  on sale of subsidiary                                                                        |   |                                                                                    | -        |                                                                                    |   | -                                                                                                        |   |   | (433,908 | ) |
| Amortization                  of beneficial conversion feature                                                       |   |                                                                                    | 121,510  |                                                                                    |   | 50,326                                                                                                   |   |   | 214,075 |   |
| Consulting                  and legal fees paid via stock                                                            |   |                                                                                    | 27,450   |                                                                                    |   | 397,215                                                                                                  |   |   | 1,442,147 |   |
| Employee                  stock incentive                                                                            |   |                                                                                    | 21,335   |                                                                                    |   | -                                                                                                        |   |   | 305,539 |   |
|                                                                                                                 |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| Changes                  in operating assets and liabilities:                                                        |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| (Increase)                  in prepaid expenses                                                                      |   |                                                                                    | (91      | )                                                                                       |   | -                                                                                                        |   |   | (334 | ) |
| (Increase)                  in accounts receivable                                                                   |   |                                                                                    | (203     | )                                                                                       |   | (5,165                                                                                                   | )      |   | (203 | ) |
| (Increase)                  decrease in deposits                                                                     |   |                                                                                    | -        |                                                                                    |   | (2,000                                                                                                   | )      |   | (2,000 | ) |
| Increase                  in accounts payable                                                                        |   |                                                                                    | 23,485   |                                                                                    |   | 68,334                                                                                                   |   |   | 212,823 |   |
| Increase                  in unearned revenue                                                                        |   |                                                                                    | 275,000  |                                                                                    |   | 50,000                                                                                                   |   |   | 325,000 |   |
| Increase                  in rent deposits                                                                           |   |                                                                                    | -        |                                                                                    |   | -                                                                                                        |   |   | 5,000 |   |
| (Decrease)                  increase in accrued liabilities                                                          |   |                                                                                    | 23,256   |                                                                                    |   | 24,000                                                                                                   |   |   | 479,772 |   |
| (Decrease)                  in payable to officer                                                                    |   |                                                                                    | (12,052  | )                                                                                       |   | -                                                                                                        |   |   | - |   |
| Net                  increase in assets/liabilities of discontinued operations                                       |   |                                                                                    | -        |                                                                                    |   | 28,897                                                                                                   |   |   | 398,909 |   |
|                                                                                                                 |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| Net                  cash (used) by Operating Activities                                                             |   | $                                                                                       | (107,865 | )                                                                                       | $      | (1,215,855                                                                                               | )      | $ | (587,565 | ) |
|                                                                                                                 |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| INVESTMENT                  ACTIVITIES                                                                               |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| Cash                  paid for property, plant and equipment                                                         |   | $                                                                                       | (8,518   | )                                                                                       | $      | (750,713                                                                                                 | )      | $ | (955,000 | ) |
| Cash                  paid for options to purchase land expansion                                                    |   |                                                                                    | (61,143  | )                                                                                       |   | -                                                                                                        |   |   | (77,830 | ) |
| (Increase)                  in land held for development                                                             |   |                                                                                    | (2,500   | )                                                                                       |   | -                                                                                                        |   |   | (2,500 | ) |
| Proceeds                  from sale of subsidiary                                                                    |   |                                                                                    | -        |                                                                                    |   | -                                                                                                        |   |   | 35,000 |   |
|                                                                                                                 |   |                                                                                    |     |                                                                                    |   |                                                                                                     |   |   |   |   |
| Net                  cash (used) by investment activities                                                            |   | $                                                                                       | (72,161  | )                                                                                       | $      | (750,713                                                                                                 | )      | $ | (1,000,330 | ) |

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*Table            of Contents*

**GLOBAL        LINKS CORP.**

**(A        Development Stage Enterprise)**

**CONDENSED        CONSOLIDATED STATEMENT OF CASH FLOWS**

|                                                             |   | Nine                  Months Ended                  September                  30, 2005 |    | Nine                  Months Ended                  September                  30, 2004 |   | March                  28, 2002 (inception)                  September                  30, 2005 |   |
|------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|---------|-----------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------|
| FINANCING                  ACTIVITIES                            |   |                                                                                    |    |                                                                                    |   |                                                                                             |   |
| Cash                  proceeds from debt                         |   | $                                                                                       | 67,000  |                                                                                    | $      | 118,117                                                                                          |   | $ | 207,000 |   |
| Cash                  paid to reduce debt                        |   |                                                                                    | (23,211 | )                                                                                       |   | -                                                                                                |   |   | (490,084 | ) |
| Officer                  compensation paid via stock             |   |                                                                                    | -       |                                                                                    |   | 11,665                                                                                           |   |   | 37,540 |   |
| Release                  of common stock receivable              |   |                                                                                    | 22,501  |                                                                                    |   | -                                                                                                |   |   | - |   |
| Cash                  proceeds from sale of common stock         |   |                                                                                    | 188,569 |                                                                                    |   | 1,915,877                                                                                        |   |   | 1,912,611 |   |
| (Decrease)                  increase in payable/loan to officer  |   |                                                                                    | (500    | )                                                                                       |   | (35,923                                                                                          | )      |   | (500 | ) |
|                                                             |   |                                                                                    |         |                                                                                    |   |                                                                                                  |   |   |  |   |
| Net                  cash provided by Financing Activities       |   | $                                                                                       | 254,359 |                                                                                    | $      | 2,009,736                                                                                        |   |   | 1,666,567 |   |
| Increase                  (decrease) in cash                     |   |                                                                                    | 74,333  |                                                                                    |   | 43,168                                                                                           |   |   | 78,672 |   |
|                                                             |   |                                                                                    |    |                                                                                    |   |                                                                                             |   |   |   |   |
| Cash                  at beginning of period                     |   |                                                                                    | 4,339   |                                                                                    |   | 1,213                                                                                            |   |   | - |   |
|                                                             |   |                                                                                    |         |                                                                                    |   |                                                                                                  |   |   |  |   |
| Cash                  at end of period                           |   | $                                                                                       | 78,672  |                                                                                    | $      | 44,381                                                                                           |   | $ | 78,672 |   |
|                                                             |   |                                                                                    | -       |                                                                                    |   | -                                                                                                |   |   | - |   |
| SUPPLEMENTAL                  DISCLOSURE                         |   |                                                                                    |    |                                                                                    |   |                                                                                             |   |   |   |   |
| Cash                  payment for interest                       |   | $                                                                                       | 76,213  |                                                                                    | $      | 93,612                                                                                           |   | $ | 169,824 |   |
| Cash                  payment for income tax                     |   | $                                                                                       | -       |                                                                                    | $      | -                                                                                                |   | $ | - |   |
|                                                             |   |                                                                                    |    |                                                                                    |   |                                                                                             |   |   |   |   |
| Non                  cash investing and financing activities     |   |                                                                                    |    |                                                                                    |   |                                                                                             |   |   |   |   |
| Beneficial                  conversion feature                   |   | $                                                                                       | -       |                                                                                    | $      | -                                                                                                |   | $ | 451,633 |   |
| Note                  for Sunset building                        |   | $                                                                                       | -       |                                                                                    | $      | 1,280,000                                                                                        |   | $ | 1,280,000 |   |
| Shares                  issued for land held for development     |   | $                                                                                       | -       |                                                                                    | $      | -                                                                                                |   | $ | 950,000 |   |
| Shares                  issued for conversion of debt            |   | $                                                                                       | -       |                                                                                    | $      | -                                                                                                |   | $ | 18,987 |   |
| Shares                  issued for the merger with Capitol Group |   | $                                                                                       | -       |                                                                                    | $      | -                                                                                                |   | $ | 116,378 |   |

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*Table            of Contents*

**GLOBAL        LINKS CORP.**

**(A        Development Stage Enterprise)**

**NOTES        TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**September        30, 2005**

**Note        1 - Basis of Presentation**

*Revenue        Recognition*

*Start        Up Costs*

*Share-Based        Payment*

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*Table            of Contents*

**Note        3 - Land Held for Development**

**Note        4 - Unearned Revenues**

**Note        5 - Notes Payable and Other Payables**

| **Period                  ended**   |   | **Amount                  of Interest Expense** |        |
|-------------------------------------|--------|-------------------------------------------------|-------------|
| June                  30, 2004      |   | $                                               | 10,549      |   |
| September                  30, 2004 |   |                                            | 39,777      |   |
| December                  31, 2004  |   |                                            | 42,239      |   |
| March                  31, 2005     |   |                                            | 41,321      |   |
| June                  30, 2005      |   |                                            | 41,780      |   |
| September                  30, 2005 |   |                                            | 38,409      |   |
| **Total**                           |   | **$**                                           | **214,075** |   |

**Note        6 - Common Stock**

| Nine                  months ended September                  30, 2005 |   | Number                  of shares |        | Shares                  Dollars      |   | Bonus                  portion |                                 | Shares                  at the beginning                  of period |   | Shares                  at the end                  of period |   |
|------------------------------------------------------------------------|--------|-----------------------------------|-------------|--------------------------------------|--------|--------------------------------|--------------------------------------|---------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                                   |   |                              |        |                                 |   |                           |                                 |                                                                |   |                                                          |   |   |   |   |   |   |
| S-8                  Reg. Employee                                     |   |                              | 162,720,000 |        | $      | 3,339,611                      |        | $                                                                   | 25,770 |                                 |   | 46,000,000 |        |   | 383,280,000 |   |
|                                                                   |   |                              |        |                                 |   |                           |                                 |                                                                |   |                                                          |   |   |   |   |   |   |
| S-8                  Reg. Non-Employee                                 |   |                              | 21,200,000  |                                 | $      | 24,000                         |                                 | $                                                                   | -      |                                                          |   | 3,000,000 |   |   | 81,800,000 |   |

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*Table              of Contents*

| Shares                  issued during the                  three month period of                  September 30, 2005 |   | Number                  of Shares |    | Dollars |   | Bonus                  Portion |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|---------|--------|--------------------------------|--------|
| S-8                  regular employee                                                                                |   |                              | 400,000 |    | $      | 26,152                         |   | $ | 2,906 |   |

**Note        7 - Preferred Stock**

|   | · | Series                  D Stock and Common Stock Liquidation Amount: $0.001/per                  share |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | · | Designation:                  5,000,000 shares Dividends: Due each year on January 31, equal                  to 6% of                  the indebtedness represented by the Preferred "D" stock outstanding,                  in                  addition, in the same manner as any declared for Common                  Stock. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Voting                  Power: The Preferred "D" stockholders have no voting rights on                  any matter                  submitted to the shareholders of the                  Company. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Voluntary:                  may be converted into shares of fully paid and non assessable shares                  of                  Common Stock on the basis of 50% of the established price of Common                  Stock                  divided by $0.10 times the number of shares of Preferred "D"                  held |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Extraordinary                  Common Stock Events: Conversion rate to be adjusted by any split                  of the                  Company's Common stock. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Fractional                  Shares: none shall be issued |
|--------|--------|----------------------------------------------------------|

|   | · | Partial                  Conversion: allowed |
|--------|--------|----------------------------------------------|

|   | · | Reservation                  of Common Stock: Company shall keep available out of its authorized                  but                  un-issued shares of Common Stock such shares necessary for effecting                  the                  conversion of the shares of Preferred "D", sufficient to effect                  the                  conversion of all outstanding shares of Preferred                  "D" |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Series                  E Stock and Common Stock Liquidation Amount: $0.001/per                  share |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | · | Designation:                  20,000,000 shares |
|--------|--------|-------------------------------------------------|

|   | · | Dividends:                  Due each year on January 31, equal to 6% of the indebtedness represented                  by the Preferred "E" stock outstanding, in addition, in the same                  manner as                  any declared for Common Stock. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Voting                  Power: The Preferred "E" stockholders have no voting rights on                  any matter                  submitted to the shareholders of the                  Company. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Voluntary:                  may be converted into shares of fully paid and non-assessable shares                  of                  Common Stock on the basis of 80% of the established price of Common                  Stock                  divided by $0.10 times the number of shares of Preferred "E"                  held |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Extraordinary                  Common Stock Events: Conversion rate to be adjusted by any split                  of the                  Company's Common stock. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Fractional                  Shares: none shall be issued |
|--------|--------|----------------------------------------------------------|

|   | · | Partial                  Conversion: allowed |
|--------|--------|----------------------------------------------|

|   | · | Reservation                  of Common Stock: Company shall keep available out of its authorized                  but                  un-issued shares of Common Stock such shares necessary for effecting                  the                  conversion of the shares of Preferred "E", sufficient to effect                  the                  conversion of all outstanding shares of Preferred                  "E" |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table            of Contents*

**Note        8 - Income taxes**

**Note        9 - Commitments and Contingencies**

| Net                  loss as reported                             |   | $      | (650,982 | ) |
|-------------------------------------------------------------------|--------|--------|----------|---|
| Additional                  cost of R-E Info information          |   |   | (225,000 | ) |
| Net                  loss adjusted for additional costs           |   |   | (875,982 | ) |
| **Net                  loss per common share (3,693,530 shares)** |   | $      | (0.237   | ) |

**Note        10 - Subsequent Events**

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

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*Table            of Contents*

*Results        of the three months ended versus the three months ended of the prior        period*

*Results        of the nine months ended versus the nine months ended of the prior        period*

*Liquidity*

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*Table            of Contents*

*Forward        Looking Statements*

*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*

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*Table            of Contents*

*ITEM        5.  OTHER INFORMATION - NONE*

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

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*Table            of Contents*

| Date:  January                  31, 2006 | By:    | /Frank                  Dobrucki     |
|----------------------------------------------------|--------|--------------------------------------|
|                                               |   |                                      |   |
|                                               |   | Frank                  Dobrucki,     |
|                                               |   | President,                  and CEO, |

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