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

                                   FORM 10-KSB

     [X]  ANNUAL  REPORT  PURSUANT  TO  SECTION  13 OR 15(d)  OF THE  SECURITIES
          EXCHANGE ACT OF 1934

          For the Fiscal Year Ended: December 31, 1999
                                     -----------------

     [ ]  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
          EXCHANGE ACT OF 1934

     For the Transition Period From ____ to ____

                        Commission File Number: 000-26139

            NEVADA                                            91-1937382
------------------------------                          -----------------------
State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                            Identification No.)

3633 Camino Del Rio South, #107., San Diego, CA               92108
----------------------------------------------------   ------------------------
(Address of principal executive offices)                      Zip Code)


                                 (619) 584-3100
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


Securities Registrant pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

                          Common Stock, $0.05 Par Value
                          -----------------------------
                                (Title of Class)

     Check  whether  the issuer:  (1) filed all reports  required to be filed by
Section 12 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days.
Yes [X] No [ ]

     Check if there is no disclosure  of  delinquent  filers in response to Item
405 of  Regulation  S-B is contained  in this form,  and no  disclosure  will be
contained  to the  best  of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.[X]

     The issuer's revenues for the year ended December 31, 1999 were $0.00

     As of April 10,  2000,  there were  11,268,507  shares of the  Registrant's
Common Stock  outstanding and the aggregate  market value of such shares held by
non-affiliates of the Registrant (based on the closing sale price of such shares
on the OTC Bulletin Board on April 10, 2000) was approximately $265,876.

     Documents Incorporated by Reference: See Exhibit list.

     Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

<PAGE>
                           MLM WORLD NEWS TODAY, INC.

                                   FORM 10-KSB

                   For The Fiscal Year Ended December 31, 1999

                                      INDEX

                                     PART I

                                                                      Page
                                                                      ----
Item 1.  Description of Business..................................... 3

Item 2.  Description of Properties................................... 14

Item 3.  Legal Proceedings..........................................  15

Item 4.  Submission of Matters to a Vote of Security Holders......... 15

                                     PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.... 15

Item 6.  Management Discussion and Analysis or Plan of Operation..... 16

Item 7.  Financial Statements........................................ 21

Item 8.  Changes in and Disagreements with Accountants on Accounting
         And Financial Disclosures................................... 34

                                    PART III

Item 9.  Directors, Executive Officers, Promoters and Control
         Persons; Compliance with Section 16(a) of the Exchange Act.  34

Item 10. Executive Compensation...................................... 36

Item 11. Security Ownership of Certain Beneficial Owners and
          Management................................................. 37

Item 12. Certain Relationships and Related Transactions.............. 38

Item 13. Exhibits and Reports on Form 8-K............................ 38

Signatures .......................................................... 39

                                       2
<PAGE>
     This Annual Report on Form 10-KSB and the documents  incorporated herein by
reference contain forward-looking statements that have been made pursuant to the
provisions  of the  Private  Securities  Litigation  Reform  Act of  1995.  Such
forward-looking  statements  are based on current  expectations,  estimates  and
projections about MLM World News Today, Inc., and its management's  beliefs, and
assumptions  made  by  management.   Words  such  as  "anticipates,"  "expects,"
"intends," "plans," "believes," "seeks,"  "estimates,"  variations of such words
and  similar   expressions   are  intended  to  identify  such   forward-looking
statements.  These  statements are not guarantees of future  performance and are
subject to certain risks,  uncertainties  and assumptions  that are difficult to
predict;  therefore, actual results and outcomes may differ materially from what
is expressed or forecasted in any such  forward-looking  statements.  Such risks
and  uncertainties  include those set forth herein under "Risk Factors" on pages
11 through 14 as well as those  noted in the  documents  incorporated  herein by
reference.  Unless  required by law MLM World News Today,  Inc.,  undertakes  no
obligation  to update  publicly  any  forward-looking  statements,  whether as a
result of new information, future events or otherwise.

                                     PART I
                                     ------

Item 1. Description of Business

A.   Business Development and Summary

     MLM WORLD NEWS TODAY, INC., a Nevada Corporation,  hereinafter  referred to
as the  "Company,"  was  originally  incorporated  under  the  name  Global-Link
Enterprises, Inc., in the state of Nevada on November 20, 1998.

     The Company is a developmental  stage company with a business  objective to
provide original content focused on the Network Marketing Industry.  The Company
has begun to design a Web site called  "MLM World News  Today"  (the  "Site") at
"www.mlmworldnewstoday.com"  that provides editorial content,  news,  headlines,
and customizable  data related to the Network  Marketing  industry.  The Company
believes that its primary revenue source will be generated from several selected
on line  products  and  services  along  with the sale of  advertising,  through
Network Marketing organizations.  In addition, the Company plans on branding its
own private label Internet  service via its current  Internet  Service  Provider
(ISP) and offer the following additional Internet-related products and services:
(i) web site  design and  development  services;  (ii) web site  hosting;  (iii)
Domain name  registration;  [iv[ and several additional related services as they
become available.  The Company believes that these services offer an opportunity
for businesses to increase the effectiveness of their marketing  campaigns.  The
Company  believes this because in the opinion of management of the Company,  the
cost of  marketing  over  the  Internet  is  dramatically  lower  than  those of
traditional marketing techniques.

     The  Company  plans  to  initially  focus  its  efforts,  however,  on  the
development of an online newspaper  focusing on Network Marketing content on its
Site.  In  particular,  Company's  priorities  for its  first  twelve  months of
operations will be as follows:  provide  compelling  Network Marketing  content,
develop  marketing  awareness  and  brand  recognition,   leverage  its  Network
Marketing content to enhance sales of Company and outside opportunities,  create
value  for  advertisers,  leverage  the  Company's  brand,  infrastructure,  and
existing relationships, enhance and add products and services, begin to generate
and increase advertising  revenues,  pursue acquisitions and strategic alliances
if available and strategic, and maintain and improve the Company's technological
focus and expertise.

     The Company believes that its Internet  services will solidify the scope of
Company's  services,  and that the central point of convergence  for its product
and service offerings will be  www.mlmworldnewstoday.com.  In short, the Company
plans on utilizing  its  Internet  services  and related  capability  to provide
real-time news, editorial content,  headlines and customized programming related
to the Network Marketing industry via the World Wide Web.

                                       3
<PAGE>
B.   Business of Issuer

     Principal Products and Services and Principal Markets
     -----------------------------------------------------

     The Company  intends to  establish  an Internet  newspaper on its Web site,
www.mlmworldnewstoday.com,  with Network Marketing based content. The Site seeks
to be an editorial site focused  exclusively  on providing  coverage of breaking
news and scheduled events,  in-depth analyses and original  reporting related to
Network Marketing programs. The Company's site will be designed to provide broad
coverage  of  the   industry  and  to  appeal  to  Network   Marketing   program
professionals.  The Site will compete with weekly trade publications by offering
more current news and  information and by integrating  text,  audio and video to
deliver high quality content.  The Company plans to provide users with access to
a  collection  of  products  and  services  to  generate   content  and  attract
subscribers to the Site.

     Site Content and Strategy
     -------------------------

     The Company will seek to provide  current,  comprehensive  and entertaining
editorial   content   through  its  Internet  site,   "MLM  World  News  Today,"
("www.mlmworldnewstoday.com")  and to provide a quality  "Free" online  service,
with the  objective  of  building a loyal  audience  of repeat  Internet  users.
Additionally, the Company will seek to capitalize on available Network Marketing
content  to create a  compelling  Internet  resource  and to  enhance  the sales
opportunities of the Company along with outside opportunities.

     The Company  believes  that its future  success  depends  largely  upon its
ability to deliver original and compelling  program content and core services in
order to attract and retain users.  There can be no assurance that the Company's
content and services will be attractive to a sufficient number of Internet users
to  generate  advertising  revenues.  There  also can be no  assurance  that the
Company will be able to anticipate,  monitor and successfully respond to rapidly
changing consumer tastes and preferences so as to attract a sufficient number of
users to its site. Internet users can freely navigate and instantly switch among
a large  number of Internet  sites,  many of which offer  competing  content and
services,  making it difficult  for the Company to  distinguish  its content and
services and to attract users. In addition, many other Internet sites offer very
specific,  highly  targeted  content  that could have  greater  appeal  than the
Company's site to particular  subsets of the Company's target  audience.  If the
Company is unable to develop  Internet  content  and  services  that allow it to
attract,   retain  and  expand  a  loyal   user  base   possessing   demographic
characteristics attractive to potential advertisers,  the Company will be unable
to generate  advertising  revenues,  and its business,  financial  condition and
operating results will be materially adversely affected.

     Free Services
     -------------

     The  Company  intends to provide a range of free  services  to its  members
through which they are able to personalize their online experience. By providing
free  services,  the Company  plans to create an online  resource  for those Web
users interested in Network Marketing  programs.  The Company intends to provide
excellent  customer  service  and  high-quality  site  performance.  The Company
believes  that  the  provision  of free  services  is  critical  to  maintaining
membership growth.

     Partnerships
     ------------

     The Company intends to establish relationships and strategic alliances with
partners who pay an additional  fixed monthly fee in order to receive  prominent
placement  on the  Company's  Web site.  Management  plans to offer  partnership
agreements  which will  typically  run for a period of six months to three years
and  will  be  renewable  at the  option  of the  partner.  However,  due to the
development  stage  nature of its  operations,  it is important to note that the
Company currently has no partnership agreements in place.

                                       4
<PAGE>
     Member Subscriptions
     --------------------

     The Company intends to offer additional  Internet services,  over and above
the services  available  without charge,  through certain  membership  packages.
These packages will provide services such as access to highly detailed  research
and other such content and the ability for members to publish and post documents
on the Site.  Management  of the Company  intends to make  member  subscriptions
available for a fee priced according to the level of service desired.

     Customer Service and Support
     ----------------------------

     The  Company  believes  that  the  strength  of its  customer  service  and
technical  support  operations  will be critical  to its  success in  attracting
members,  maintaining its membership base, increasing membership and encouraging
repeat usage.  The Company  intends to establish a team of customer  service and
technical  support  professionals  who will  process  inquiries  and monitor the
status of membership accounts and advertisement  packages.  Members will be able
to access  customer  service by e-mail  and  customers  can  access a  toll-free
telephone  number.  The  Company  intends to  enhance  and  automate  the e-mail
response  portions of its customer service and technical  support  operations in
the future.

     Internet Services
     -----------------

     In addition,  the Company plans on branding its own private label  Internet
service via its current  Internet Service Provider (ISP) and offer the following
Internet-related  products  and  services:  (i) web site design and  development
services; (ii) web site hosting; and (iii) Domain Name registration:  (iv) other
e-commerce  products and  services.  The Company  believes  that these  Internet
services offer an opportunity  for businesses to increase the  effectiveness  of
their marketing  campaigns.  The Company believes this because in the opinion of
management  of  the  Company,  the  cost  of  marketing  over  the  Internet  is
dramatically  lower  than those of  traditional  marketing  techniques.  Company
management believes that through its Internet service offerings,  the Company is
positioned  to provide a full range of Internet  services  for its  clients,  to
include  providing a vehicle via the World Wide Web (i.e.,  web site development
and hosting) related to the marketing campaigns of its clients.

     Additionally, the Company believes that its Internet services will solidify
the scope of Company's  services,  and that the central point of convergence for
its product and service offerings will be  www.mlmworldnewstoday.com.  In short,
the Company plans on utilizing its Internet  services and related  capability to
provide real-time news, editorial content,  headlines and customized programming
related to the MLM industry via the World Wide Web.

     Distribution Methods of the Products or Services
     ------------------------------------------------

     Advertising Sale and Design
     ---------------------------

     The  Company  will also seek to  distinguish  itself  from its  competition
through the creation of unique  advertising and sponsorship  opportunities  that
are designed to build brand loyalty for its corporate Network Marketing sponsors
by integrating their advertising messages into the Company's content. Management
believes that through close  relationships  with the end user,  the Company will
have the ability to deliver  advertising to a specific  industry  segment within
the  Site's  themed  content  areas,  allowing  advertisers  to  single  out and
effectively  deliver their messages to their respective  target  audiences.  For
example,  a company can target an advertisement  solely to patrons looking for a
long-distance  sales Network  Marketing  opportunity.  The Company believes that
such  sophisticated  targeting  is a  critical  element  for  capturing  Network
Marketing  advertising  budgets  for the  Internet.  Additionally,  the  Company
intends to expand the amount and type of  demographic  information  it  collects
from  its  members,  which  will  allow it to offer  more  specific  data to its
advertising clients.

                                       5
<PAGE>
     While the Company's  competition  generally  provides banner advertising as
its  primary  delivery  system,  the  Company  plans to offer an  assortment  of
advertising  options to its  clients,  allowing  them to take  advantage  of the
Company's  unique  relationship  with its users and rapidly  growing  membership
base.  In addition to direct  response  indicators  like  "click-throughs,"  the
Company plans to  specialize  in providing  innovative  and  aggressive  selling
services and a number of "branding" and "beyond the banner" sponsorship packages
for  its  advertisers  at  higher   premiums,   such  as:  banner   advertising,
sweepstakes,  button advertising,  content development,  contextual links within
relevant content, affinity packages for advertising partners, pop up and log out
interstitials,  opt-in  direct  marketing/lead  generation,  e-mail  sponsorship
programs,  celebrity  event  sponsorships,  and  pre- and  post-campaign  market
research.

     The Company believes that its prospective  Internet  advertising  customers
have only  limited  experience  with the Internet as an  advertising  medium and
neither such customers nor their advertising agencies have devoted a significant
portion of their advertising budgets to Internet-based  advertising in the past.
In order for the  Company to  generate  advertising  revenues,  advertisers  and
advertising  agencies  must  direct  a  significant  portion  of  their  Network
Marketing  advertising  budgets  to  the  Internet  and,  specifically,  to  the
Company's  Internet  site.  There  can  be  no  assurance  that  advertisers  or
advertising  agencies  will be  persuaded  to  allocate  or continue to allocate
significant portions of their budgets to Internet-based  advertising,  or, if so
persuaded,  that they will find Internet-based  advertising to be more effective
than  advertising  in  traditional  media  such as  print,  broadcast  ad  cable
television,  or in any event decide to advertise or continue to advertise on the
Company's Internet site. If Internet-based advertising is not widely accepted by
advertisers  and  advertising  agencies,   the  Company's  business,   financial
condition and operating results will be materially adversely affected.

     Status of Any Announced New Product or Service
     ----------------------------------------------

     The Company has not announced any recent additions to the existing products
and   services   it   plans  to   offer   through   its   Internet   Web   site,
www.mlmworldnewstoday.com.  To date,  however,  the Company has  established its
offices in San Diego,  California  and has begun to execute its  business  plan.
Additionally,  the Company has begun work on its "MLM World News Today" Web site
and  created  the  foundation  for its  Internet  service  offerings.  This work
includes working with a Web site builder to create the Company's site and aid in
the site's  e-commerce  strategy  as well as begin to hire the  technical  staff
needed  to  execute  the  Company's  web site  development,  hosting,  and other
Internet service offerings. The Company has also began interviewing journalists,
writers and authors - most of which the Company believes will provide  editorial
and other content for the Company on a freelance basis.

     Industry Background
     -------------------

     The  Company  believes  that a  significant  opportunity  exists to provide
Internet  content  related to Network  Marketing  programs.  Growing  use of the
Internet  and the World  Wide Web (the  "Web")  has  created  opportunities  for
content  providers  and their  advertising  customers to reach and interact with
millions of Internet  users.  This is due to its  complementary  and, in several
respects,  superior reach in terms of its ability to provide targeted content to
consumers  and to generate  cost-effective  results for certain  advertisers  to
traditional television and print media.

     Growth of the Internet
     ----------------------

     The Internet has emerged as a global  medium,  enabling  millions of people
worldwide to share information, communicate and conduct business electronically.
IDC  estimates  that the  number of Web users  will grow from  approximately  69
million  worldwide in 1997 to approximately  320 million worldwide by the end of
2000.  This growth is  expected to be driven by the large and growing  number of
PCs installed in homes and offices,  the decreasing cost of PCs, easier,  faster
and cheaper access to the Internet, improvements in network infrastructure,  the
                                       6
<PAGE>
proliferation  of  Internet  content  and the  increasing  familiarity  with the
acceptance of the Internet by businesses and consumers. The Internet possesses a
number of unique  characteristics that differentiates it from traditional media:
a lack of geographic or temporal  limitations;  real-time  access to dynamic and
interactive content; and instantaneous communication with a single individual or
with groups of individuals.  As a result of these characteristics,  Web usage is
expected to continue to grow rapidly. The proliferation of users,  combined with
the Web's reach and lower cost of marketing, has created a powerful direct sales
and marketing channel.

     E-Commerce and Advertising
     --------------------------

     The Internet enables advertisers to target advertising  campaigns utilizing
sophisticated  databases  of  information  on the users of various  sites and to
directly  generate revenues from these users through online  transactions.  As a
result,  the  Internet has become a  compelling  means to  advertise  and market
products and services. The Company believes that the market for content relating
to Network  Marketing  content is growing  rapidly  and is  emerging  as an area
well-suited  to  an  Internet   programming   approach.   According  to  Jupiter
Communications,   the  market  for  U.S.   advertising   on  the   Internet  was
approximately  $560  million  in 1997,  up from  $260  million  in 1996,  and is
expected to grow to over $5 billion by the year 2000.

     The  advertising  model that is emerging on the  Internet is similar to the
model  prevalent  in print and  television  media and  involves  the  payment by
advertisers to Internet content and service providers of advertising fees, based
primarily on the  demographics  of the  audience  and the number of  impressions
delivered.  The Company  believes that the  opportunities  for Internet  content
providers  to  generate  advertising  revenues  are  growing  due to  increasing
Internet  usage by  businesses  and  consumers  and the growing  recognition  by
advertisers  of the potential  advantages  of  Internet-based  advertising  over
advertising in traditional media.

     Marketing Opportunities on the Internet
     ---------------------------------------

     The Internet allows marketers to collect meaningful demographic information
and feedback from consumers, and to rapidly respond to this information with new
messages.  This offers a significant  new opportunity for businesses to increase
the  effectiveness  of their marketing  campaigns.  The  effectiveness  of these
campaigns  is  dependent  upon the quality of consumer  data used to develop and
place  consumer  advertisements.  The costs of  marketing  over the Internet are
dramatically lower than those of traditional marketing techniques.  As a result,
Internet-based  marketing campaigns can be profitable at response rates that are
a fraction of the rates for traditional campaigns.

     Raw Materials and Suppliers
     ---------------------------

     The Company is an e-commerce,  on-line Network  Marketing content provider,
web site  developer and host,  and a private  label  Internet  Service  Provider
(ISP), and thus does not use raw materials or have any principal suppliers.

     Customers
     ---------

     The  Company  believes  that the vast  majority  of its  customers  will be
Network  Marketing  opportunity  providers,  users  of those  Network  Marketing
products and services,  and small to medium-sized  businesses looking to utilize
the  Company's  Internet  services  to  create  a more  cost-effective,  on-line
marketing  strategy  for  their  companies.  The  Company  plans to reach  these
customers via network marketing,  direct mail,  telemarketing,  seminars,  trade
shows, the Internet,  word-of-mouth  and the referral  process.  As of April 10,
1999, no sales  revenues have been  generated by the Company.  In addition,  the
Company does not  anticipate  that its revenues  will be dependent on any one or
even a few major customers.

                                       7
<PAGE>

     Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements,
     or Labor Contracts
     ---------------------------------------------------------------------------

     The  Company  does  not  currently  own or have  any  patents,  trademarks,
licenses, franchises or concessions or royalty agreements.  However, the Company
believes that its success and ability to compete will be dependent,  in part, on
the  protection  of its  original  content for the  Internet and on the goodwill
associated  with  potential  trademarks,  trade names,  service  marks and other
proprietary  rights.  The Company plans to rely on copyright laws to protect the
original content that it and its users develop for the Internet site,  including
editorial  features and the various databases of information that are maintained
by the Company and made available  through its Internet  site. In addition,  the
Company  intends  to rely  on  federal  trademark  laws  to  provide  additional
protection  for the  appearance of its Internet  site. A  substantial  amount of
uncertainty exists concerning the application of copyright and trademark laws to
the  Internet,  and there can be no assurance  that  existing  laws will provide
adequate  protection for the Company's  original  content or its Internet domain
name.  In  addition,   because  copyright  laws  do  not  prohibit   independent
development  of similar  content,  there can be no assurance that copyright laws
will provide any competitive advantage to the Company.

     The Company  intends to rely on trade secret and copyright  laws to protect
the proprietary  technologies that it plans to develop to manage and improve its
Internet site and advertising services,  but there can be no assurance that such
laws will provide  sufficient  protection  to the  Company,  that other will not
develop  technologies  that are similar of superior  to the  Company's,  or that
third  parties  will  not  copy  or  otherwise  obtain  and  use  the  Company's
technologies  without   authorization.   The  Company  intends  to  file  patent
application with respect to certain of its software systems, methods and related
technologies,  but there can be no  assurance  that  such  applications  will be
granted  or that any  future  patents  will not be  challenged,  invalidated  or
circumvented,  or that the rights granted  thereunder will provide a competitive
advantage  for the Company.  In addition,  the Company  plans to rely on certain
technology  licensed  from  third  parties,  and  may  be  required  to  license
additional  technology in the future,  for use in managing its Internet site and
providing related services to users and advertising  customers.  There can be no
assurance that these third party  technology  licenses will be available or will
continue to be  available  to the  Company on  acceptable  terms or at all.  The
inability to enter into and maintain any of these technology licenses could have
a material  adverse  effect on the Company's  business,  financial  condition or
operating results.

     Policing unauthorized use of the Company's proprietary technology and other
intellectual  property  rights  could  entail  significant  expense and could be
difficult or  impossible,  particularly  given the global nature of the Internet
and the fact that the laws of other  countries may afford the Company  little or
no effective protection of its intellectual property. In addition,  there can be
no assurance  that third parties will not bring claims of copyright or trademark
infringement  against  the  Company or claim that the  Company's  use of certain
technologies  violates a patent.  The Company  anticipates an increase in patent
infringement  claims  involving  Internet-related  technologies as the number of
products and competitors in this market grows and as related patents are issued.
Further,  there can be no assurance  that third  parties will not claim that the
Company  has  misappropriated  their  creative  ideas or  formats  or  otherwise
infringed upon their proprietary rights in connection with its Internet content.
Any claims of  infringement,  with or without merit,  could be time consuming to
defend, result in costly litigation,  divert management  attention,  require the
Company to enter into costly  royalty or licensing  arrangements  to prevent the
Company from using important  technologies or methods, any of which could have a
material  adverse  effect on the  Company's  business,  financial  condition  or
operating results.

     Regulation
     -----------

     The Company is subject to certain  federal  and state laws and  regulations
that are  applicable  to certain  activities on the  Internet.  Legislative  and
regulatory  proposals under  consideration by federal,  state, local and foreign
governmental  organizations concern various aspects of the Internet,  including,
but not limited to, online  content,  user privacy,  taxation,  access  charges,
liability  for  third-party   activities  and   jurisdiction.   Such  government
regulation  may place  the  Company's  activities  under  increased  regulation,
increase the Company's cost of doing  business,  decrease the growth in Internet
use and thereby decrease the demand for the Company's services or otherwise have
a material adverse effect on the Company's  business,  results of operations and
financial condition.

                                       8
<PAGE>
     Internet Privacy
     -----------------

     The United  States  government  currently  has limited  authority  over the
collection  and  dissemination  of personal data collected  online.  The Federal
Trade Commission Act (the "Act") prohibits unfair and deceptive practices in and
affecting commerce.  The Act authorizes the Federal Trade Commission (the "FTC")
to seek injunctive and other equitable relief, including redress, for violations
of the Act,  and  provides a basis for  government  enforcement  of certain fair
information practices.

     Any new  legislation  or  regulation  enacted by federal,  state or foreign
governments  regulating  online privacy or the application or  interpretation of
existing  laws and  regulations  could  affect  the way in which the  Company is
allowed to conduct its business,  especially  those aspects that contemplate the
collection or use of members' personal information.

     Internet Taxation
     -----------------

     A number of proposals have been made at the federal, state and local level,
and by certain foreign  governments,  that would impose  additional taxes on the
sale of goods and  services  over the  Internet,  and certain  states have taken
measures to tax Internet-related activities.

     There can be no  assurance  that any such  legislation  will be  adopted by
Congress  or that new  taxes  will not be  imposed  upon  e-commerce  after  any
moratorium  adopted by Congress  expires or that  current  attempts at taxing or
regulating commerce over the Internet would not substantially  impair the growth
of Internet commerce and as a result adversely affect the Company's  opportunity
to derive financial benefit from such activities.

     Liability for Information Retrieved from or Transmitted over the Internet
     -------------------------------------------------------------------------

     Materials may be downloaded and publicly  distributed  over the Internet by
the Internet  services operated or facilitated by the Company or by the Internet
access  providers with which the Company has  relationships.  These  third-party
activities  could result in potential claims against the Company for defamation,
negligence,  copyright  or trademark  infringement  or other claims based on the
nature and content of such materials.  The CDA provides that no provider or user
of an interactive  computer service shall be treated as the publisher or speaker
of any information provided by another information content provider.

     Future  legislation or regulations or court  decisions may hold the Company
liable for listings  accessible  through its Web site, for content and materials
posted by members on their respective personal Web pages, for hyperlinks from or
to the personal Web pages of members, or through content and materials posted in
the Company's chat rooms or bulletin  boards.  Such  liability  might arise from
claims alleging that, by directly or indirectly  providing  hyperlink text links
to Web sites  operated by third  parties or by  providing  hosting  services for
members' sites, the Company is liable for copyright or trademark infringement or
other  wrongful  actions by such third  parties  through such Web sites.  If any
third-party  material on the Company's Web site contains  informational  errors,
the  Company may be sued for losses  incurred  in reliance on such  information.
While the Company  attempts to reduce its exposure to such  potential  liability
through, among other things, provisions in member agreements,  user policies and
disclaimers,   the   enforceability  and  effectiveness  of  such  measures  are
uncertain.

     Domain Names
     ------------
     Domain names are the user's  Internet  "addresses."  Domain names have been
the  subject of  significant  trademark  litigation  in the United  States.  The
Company  has  register  the  domain  name  "mlmworldnewstoday.com"  "mlmwnt.com"
"mlmall.com"  "mlmail.com"  along with several related domains.  There can be no
assurance that third parties will not bring claims for infringement  against the
Company for the use of this  trademark.  Moreover,  because  domain names derive
value from the  individual's  ability to remember  such  names,  there can be no
assurance  that the  Company's  domain  names will not lose their  value if, for
example,  users begin to rely on  mechanisms  other than domain  names to access
online resources.

                                       9
<PAGE>
     The current system for  registering,  allocating and managing  domain names
has been the subject of litigation and of proposed regulatory reform.  There can
be no assurance  that the Company's  domain names will not lose their value,  or
that the Company  will not have to obtain  entirely new domain names in addition
to or in lieu of its current domain names,  if such litigation or reform efforts
result in a restructuring in the current system.

     Jurisdiction
     -------------

     Due to the global  reach of the  Internet,  it is possible  that,  although
transmissions by the Company over the Internet originate  primarily in the State
of  California,  the  governments  of other states and foreign  countries  might
attempt to regulate  Internet  activity and the Company's  transmissions or take
action  against  the  Company  for  violations  of their  laws.  There can be no
assurance  that  violations of such laws will not be alleged or charged by state
or  foreign  governments  and that such laws will not be  modified,  or new laws
enacted,  in the  future.  Any of the  foregoing  could have a material  adverse
effect on the Company's business, results of operations and financial condition.

     Effect of Existing or Probable Government Regulations
     -----------------------------------------------------

     Future  legislation or regulations or court  decisions may hold the Company
liable for listings  accessible  through its Web site, for content and materials
posted by members on their respective personal Web pages, for hyperlinks from or
to the personal Web pages of members, or through content and materials posted in
the Company's chat rooms or bulletin  boards.  Such  liability  might arise from
claims alleging that, by directly or indirectly  providing  hyperlink text links
to Web sites  operated by third  parties or by  providing  hosting  services for
members' sites, the Company is liable for copyright or trademark infringement or
other  wrongful  actions by such third  parties  through such Web sites.  If any
third-party  material on the Company's Web site contains  informational  errors,
the  Company may be sued for losses  incurred  in reliance on such  information.
While the Company  attempts to reduce its exposure to such  potential  liability
through, among other things, provisions in member agreements,  user policies and
disclaimers,   the   enforceability  and  effectiveness  of  such  measures  are
uncertain. See Part I-Item 1-B (8) above.

     Research and Development Activities
     -----------------------------------

     At this time, the company is not engaged in the research and/or development
of any  product or  service.  Management  of the  company is of the belief  that
compelling  subscriber  services  can be  deployed  at the web site  through the
utilization  of  private   branding,   co-branding  and  affiliate   partnership
agreements. The company plans to rely on these strategic partnerships to provide
its subscribers with compelling services

     Impact of Environmental Laws
     ----------------------------

     The Company is not aware of any federal,  state or local environmental laws
which would effect its operations.

     Employees
     ---------

     The Company presently has two (2) full time employees and one (1) part time
employee.  The Company's employees are currently not represented by a collective
bargaining  agreement,  and the Company  believes  that its  relations  with its
employees are good.

                                       10
<PAGE>
Risks Factors
-------------

     The  Company's  present and  proposed  business  operations  will be highly
speculative  and  subject  to the same  types of  risks  inherent  in any new or
unproven venture,  as well as risk factors particular to the industries in which
it will  operate,  and will  include,  among other  things,  those types of risk
factors outlined below.

     In any  business  venture,  there are  substantial  risks  specific  to the
particular enterprise which cannot be ascertained until a potential acquisition,
reorganization or merger candidate has been identified;  however,  at a minimum,
the  Company's  present  and  proposed   business   operations  will  be  highly
speculative  and  subject  to the same  types of  risks  inherent  in any new or
unproven venture, and will include those types of risk factors outlined below.

     Risks of "Penny  Stock."
     ------------------------

     The Company's common stock may, at some future time, be deemed to be "penny
stock" as that term is defined in Rule 3a51-1 of the Exchange Act of 1934. Penny
stocks  are stocks (i) with a price of less than five  dollars  per share;  (ii)
that are not traded on a "recognized" national exchange;  (iii) whose prices are
not quoted on the NASDAQ automated quotation system  (NASDAQ-listed  stocks must
still meet requirement (i) above); or (iv) of an issuer with net tangible assets
less than  US$2,000,000  (if the issuer has been in continuous  operation for at
least three years) or  US$5,000,000  (if in  continuous  operation for less than
three years),  or with average annual revenues of less than US$6,000,000 for the
last three years. A principal  exclusion from the definition of a penny stock is
an equity security that has a price of five dollars  ($5.00) of more,  excluding
any broker or dealer commissions,  markups or markdowns.  As of the date of this
Registration Statement the Company's common stock has a price in excess of $5.00
and would not be deemed a penny stock.

     If the Company's Common Stock were deemed a penny stock,  section 15(g) and
Rule 3a51-1 of the Exchange Act of 1934 would require  broker-dealers dealing in
the  Company's  Common  Stock to  provide  potential  investors  with a document
disclosing  the risks of penny stocks and to obtain a manually  signed and dated
written  receipt of the document  before  effecting any  transaction  in a penny
stock for the investor's  account.  Potential  investors in the Company's common
stock are urged to obtain and read such disclosure  carefully before  purchasing
any shares that are deemed to be "penny stock."

     Moreover,  Rule  15g-9  of the  Exchange  Act of 1934  Commission  requires
broker-dealers  in penny  stocks to  approve  the  account of any  investor  for
transactions  in such stocks  before  selling any penny stock to that  investor.
This  procedure  requires  the  broker-dealer  to (i) obtain  from the  investor
information concerning his or her financial situation, investment experience and
investment  objectives;  (ii) reasonably  determine,  based on that information,
that  transactions  in penny  stocks are  suitable for the investor and that the
investor has sufficient  knowledge and experience as to be reasonably capable of
evaluating  the risks of penny stock  transactions;  (iii)  provide the investor
with a written statement setting forth the basis on which the broker-dealer made
the  determination  in (ii) above;  and (iv)  receive a signed and dated copy of
such statement  from the investor,  confirming  that it accurately  reflects the
investor's financial situation, investment experience and investment objectives.
Compliance with these  requirements  may make it more difficult for investors in
the  Company's  common  stock to  resell  their  shares to third  parties  or to
otherwise dispose of them.

     Limited and Volatile Market for Common Stock.
     ---------------------------------------------

     The  Company's  common  stock is  quoted on the OTC  Bulletin  Board of the
National  Association of Securities Dealers,  Inc. (the "NASD") under the symbol
"MLMS",  however,  there is a limited  and thinly  traded  market for the common
stock and there can be no assurance  that an active  market will ever develop or
be  maintained.  Any market  price for shares of common  stock of the Company is
likely to be very  volatile,  and  numerous  factors  beyond the  control of the
Company may have a significant effect. In addition,  the stock markets generally
have  experienced,  and  continue  to  experience,   extreme  price  and  volume
fluctuations  which  have  affected  the  market  price  of many  small  capital
companies and which have often been  unrelated to the operating  performance  of
these companies.  These broad market  fluctuations,  as well as general economic
and political conditions, may adversely affect the market price of the Company's
common stock in any market that may develop.

                                       11
<PAGE>
     The  performance  of the  Company's  server  and  networking  hardware  and
software infrastructure is critical to the Company's business and reputation and
its ability to attract Web users, advertisers, new members and commerce partners
to the Company's Web site.  Any system  failure that causes an  interruption  in
service or a decrease in  responsiveness  of the Company's Web site could result
in less traffic on the Company's  Web site and, if sustained or repeated,  could
impair  the  Company's  reputation  and the  attractiveness  of its  brand.  Any
disruption  in  Internet  access or any  failure  of the  Company's  server  and
networking  systems to handle  high  volumes  of  traffic  would have a material
adverse  effect on the Company's  business,  results of operations and financial
condition. The Company expects to experience system failures related to capacity
constraints.  An increase in the use of the  Company's Web site could strain the
capacity  of its  systems,  which could lead to slower  response  time or system
failures.   System  failures  or  slowdowns   adversely  affect  the  speed  and
responsiveness  of the Company's Web site and would  diminish the experience for
the Company's members and visitors and reduce the number of impressions received
by advertisers,  and, thus, could reduce the Company's  commerce and advertising
revenue. The ability of the Company to provide effective Internet connections or
of its systems to manage  substantially  larger  numbers of  customers at higher
transmission speed is as yet unknown,  and, as a result, the Company faces risks
related  to its  ability  to  scale up to its  expected  customer  levels  while
maintaining superior performance. Despite the implementation of network security
measures by the  Company,  its servers may be  vulnerable  to computer  viruses,
break-ins,  and similar  disruptions from  unauthorized  tampering.  The Company
expects to  experience  attempts by  experienced  programmers  or  "hackers"  to
penetrate  the  Company's  network  security,  some of which  may  succeed.  The
occurrence  of any of these  events  could  result in  interruptions,  delays or
cessations  in  service,  which  could  have a  material  adverse  effect on the
Company's business,  results of operations and financial condition. In addition,
the  Company's  reputation  and its  brand  could be  materially  and  adversely
affected.

     Rapid Changes in Technology and Industry Standards
     --------------------------------------------------

     To be  competitive,  the Company  must  introduce,  enhance and improve the
responsiveness, functionality and features of its site and introduce and develop
features to meet customer  needs.  Introducing new technology into the Company's
systems  involves  numerous  technical  challenges  and  substantial  amounts of
personnel resources,  and could often times take many months to complete.  There
can be no assurance  that the Company will be  successful  at  integrating  such
technology  into  its Web  site on a  timely  basis  or  without  degrading  the
responsiveness  and  speed  of its  Web  site or  that,  once  integrated,  such
technology will function as expected. In addition, the Internet is characterized
by rapid  technological  change,  changes in user and customer  requirements and
preferences, frequent new product and service introductions and the emergence of
new industry  standards and practices  that could render the Company's Web site,
technology and systems obsolete.  The Company's success will depend, in part, on
its ability to license leading technologies useful in its business,  enhance its
existing services, develop new services and technology that address the needs of
its  customers,  and respond to  technological  advances and  emerging  industry
standards and  practices on a  cost-effective  and timely basis.  If the Company
were  unable  to use  new  technologies  effectively  or  adapt  its  Web  site,
proprietary   technology   and   transaction-processing   systems  to   customer
requirements or emerging industry  standards,  it would be materially  adversely
affected.

     Competition
     -----------

     The market for members,  users and Internet  advertising is new and rapidly
evolving,  and competition for members,  users and advertisers is intense and is
expected  to   increase   significantly.   Barriers  to  entry  are   relatively
insubstantial  and  the  Company  may  face  competitive   pressures  from  many
additional companies both in the United States and abroad.

                                       12
<PAGE>
     The Company believes that the principal  competitive  factors for companies
seeking  to  create  Network  Marketing-focused  Web sites on the  Internet  are
critical mass, functionality of the Web site, brand recognition, member affinity
and  loyalty,  broad  demographic  focus and open  access for  visitors.  In the
future,  Internet Web sites may be developed or acquired by companies  currently
operating Web directories, search engines, shareware archives and content sites,
and by commercial online service providers ("OSPs"),  Internet service providers
("ISPs") and other  entities,  certain of which may have more resources than the
Company.  The Company  competes  for users and  advertisers  with other  content
providers  and  with  thousands  of  Web  sites  operated  by  individuals,  the
government  and  educational  institutions.  Such  providers  and sites  include
America Online, Inc. ("AOL"), Angelfire Communications ("Angelfire"), CNET, Inc.
("CNET"),  CNN/Time Warner,  Inc. "CNN/Time Warner"),  Excite, Inc.  ("Excite"),
Hotmail Corporation ("Hotmail"),  Infoseek Corporation ("Infoseek"), Lycos, Inc.
("Lycos"),   Microsoft  Corporation   ("Microsoft"),   Netscape   Communications
Corporation ("Netscape"),  Switchboard Inc. ("Switchboard"),  Xoom Inc. ("Xoom")
and Yahoo! Inc. ("Yahoo!").  In addition,  the Company could face competition in
the future  from  traditional  media  companies,  such as  newspaper,  magazine,
television  and radio  companies,  a number of which,  including The Walt Disney
Company  ("Disney"),  CBS  Corporation  ("CBS")  and The  National  Broadcasting
Company ("NBC"),  have recently made significant  acquisitions of or investments
in Internet companies.

     The Company believes that the principal  competitive  factors in attracting
advertisers  include the amount of traffic on its Web site,  brand  recognition,
customer  service,  the  demographics  of the Company's  members and users,  the
Company's ability to offer targeted audiences and the overall cost effectiveness
of the advertising medium offered by the Company.  The Company believes that the
number of Internet companies relying on Internet-based  advertising  revenue, as
well as the number of advertisers on the Internet and the number of users,  will
increase substantially in the future. Accordingly,  the Company will likely face
increased   competition,   resulting  in  increased  pricing  pressures  on  its
advertising rates, which could have a material adverse effect on the Company.

     Many  of  the  Company's  existing  and  potential  competitors,  including
companies  operating Web directories and search engines,  and traditional  media
companies,  have longer operating histories in the Internet market, greater name
recognition,   larger  customer  bases  and  significantly   greater  financial,
technical and marketing resources than the Company. Such competitors may be able
to undertake more extensive  marketing  campaigns for their brands and services,
adopt more  aggressive  advertising  pricing  policies and make more  attractive
offers to potential  employees,  distribution  partners,  e-commerce  companies,
advertisers  and third  party  content  providers.  Furthermore,  the  Company's
existing  and  potential  competitors  may  develop  Web sites that are equal or
superior in quality to, or that achieve  greater  market  acceptance  than,  the
Company's  site.  There can be no  assurance  that the  Company  will be able to
compete   successfully  against  its  current  or  future  competitors  or  that
competition will not have a material  adverse effect on the Company's  business,
results of operational and financial condition.

     Dependence on Key Employees.
     ----------------------------

     The  Company  is  dependent  on the  ability  of its  President  and  Chief
Executive  Officer,  James C. Frans,  a well as its CFO and  Treasurer,  Paul A.
Harbison,  to contribute essential technical and management  experience.  In the
event of future  growth  in  administration,  marketing,  and  customer  support
functions,  the  Company may have to increase  the depth and  experience  of its
management  team by adding new members.  The Company's  success will depend to a
large degree on the active participation of its key officers and employees. Loss
of  services  of  any  of  the  current  officers  and  directors  could  have a
significant adverse effect on the operations and prospects of the Company. There
can be no  assurance  that  it  will be able  to  employ  qualified  persons  on
acceptable terms to replace officers that become unavailable.

     Future Capital Requirements. Uncertainty of Future Funding.
     ----------------------------------------------------------

     The Company's plan of operation calls for additional  capital to facilitate
growth and support  its long term  development  and  marketing  programs.  It is
likely  that  the  Company  would  need to  seek  additional  financing  through
subsequent  future  public or private sales of its  securities.  The Company may
also seek funding for the  development  and  marketing  of its products  through
strategic  partnerships and other arrangements with investment  partners.  There

                                       13
<PAGE>
can be no assurance, however, that such collaborative arrangements or additional
funds will be available when needed,  or on terms acceptable to the Company,  if
at all. Any such  additional  financing  may result in  significant  dilution to
existing stockholders.  If adequate funds are not available,  the Company may be
required to curtail one or more of its future programs.

     Intense Competition and Rapid Technological Change.
     ---------------------------------------------------

     The industry in which the Company operated is highly  competitive,  rapidly
growing  and the  Company  will have to  compete  with a  multitude  of  similar
companies, possessing substantially greater financial, personnel,  technological
and marketing resources.

     Year 2000 Issues.
     -----------------

     The Year 2000 presents concerns for business and consumer computing.  Aside
from the well-known problems with the use of certain 2-digit date formats as the
year changes from 1999 to 2000,  the Year 2000 is a special case leap year,  and
dates such as 9/9/99 were used by certain  organizations for special  functions.
The  problem  exists  for  many  kinds  of  software  and  hardware,   including
mainframes,  mini-computers,  PCs, and embedded systems. The consequences of the
Year 2000 issue may include systems failures and business process interruption.

     Even though none of the Company's  products use dates,  and therefore there
are no Year 2000 issues over which the Company has direct  control,  the Company
is continuing to test its products and gather and produce  information about the
Company impacted by the Year 2000 transition.

     The Year 2000 issue also affects the Company's  internal  systems,  such as
billing and word  processing.  The Company is  assessing  the  readiness  of its
systems  for  handling  the Year  2000,  and has  started  the  remediation  and
certification  process.  Although assessment,  testing, and remediation is still
underway,  management  currently  believes  that all  material  systems  will be
compliant  by the Year  2000 and that the  cost to  address  the  issues  is not
material.  Nevertheless,  the  Company  will be creating  contingency  plans for
critical processes that rely on internal systems.

     Given that the Company's products operate on certain hardware platforms and
within certain software  operating  systems and  environments,  the Company must
rely upon the efforts of the hardware and software vendors and  manufacturers to
be in the vanguard with respect to OS and Platform  issues  relating to the Year
2000 compliance. The Company is undertaking steps to identify and assess whether
hardware and software vendors and manufacturers have brought their products into
Year 2000 compliance, or if any of its customers, suppliers or service providers
will be so affected.  The Company will with its key vendors,  distributors,  and
direct  resellers to avoid any business  interruptions  in 2000.  Failure of the
Company's  software resulting from a hardware or software vendor to be Year 2000
compliant, or that of its customers, suppliers or service providers could have a
material  adverse  impact on the  Company's  business,  financial  condition and
result of operations.

ITEM 2. DESCRIPTION OF PROPERTY

     Description of Property
     -----------------------

     The  Company's  corporate  headquarters  are located at 3633 Camino Del Rio
South - Suite 107, San Diego,  California  92108.  These  facilities  consist of
approximately  2,500 square feet of standard  office  space.  The Company has no
additional  facilities,  and these  facilities  are  provided  by an officer and
director of the Company at no cost to the Company.

     Lease Agreement - Warehouse
     ---------------------------

     On May 3, 1999 the Company  entered into a five-year  lease  agreement with
Octavio and Leticia  Sanchez for a 10,000 square foot  warehouse in Chula Vista,
California.  A copy of the Lease  Agreement  between the Company and Octavio and
Leticia Sanchez is attached hereto and incorporated herein by this reference.

                                       14
<PAGE>
     Sublease Agreement - Warehouse
     ------------------------------

     On May 3, 1999 the Company entered into a five-year sublease agreement with
Direct  Technologies,  Inc.,  d/b/a  California  Pacific  Trading Co, Inc. for a
10,000 square foot warehouse in Chula Vista, California.

     Sublease Agreement - Warehouse
     ------------------------------

     On August 1, 1999 the sublease  agreement  with Direct  Technologies,  Inc.
d/b/a California Trading Pacific Co., Inc., dated May 3, 1999, was terminated.

     Lease Agreement - Retail Space
     ------------------------------

     On May 28,  1999 the  Company  entered  into a ten-year  lease with  R.V.S.
Retail, LP, a California Limited Partnership for a 1080 sq. ft. retail space. .

     Sublease Agreement - Retail Space
     ---------------------------------

     On May 28, 1999 the Company  entered into a ten-year  sublease with Gourmet
Gardens Soup and Salad Bars, Inc. to sublease a 1080 sq. ft. retail space.

     Sublease Agreement - Warehouse
     ------------------------------

     On August 1, 1999 the Company entered into a four-year  ten-month  sublease
agreement with FarmPac Trading Co., Inc. for the 10,000 square foot warehouse in
Chula Vista, California.

ITEM 3. LEGAL PROCEEDINGS

     The Company is not currently  involved in any legal proceedings nor does it
have knowledge of any threatened litigation.

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

     No matter was submitted  during the Company's  fourth quarter of the fiscal
year  covered by this  report to a vote of the  security  holders,  through  the
solicitation of proxies, or otherwise.

                                    PART II.

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS

     Market Information.
     -------------------

     The Company's  Common Stock is listed and traded on the OTC Bulletin  Board
under the symbol "MLMS". The following table represents the high and low closing
prices for the Company's  Common Stock for each quarter of the fiscal year ended
December 31, 1999.

          Fiscal 1999              High      Low
          -----------------------------------------
          Fourth Quarter*          $0.81     $0.125

     *Company did not begin actively trading until November 10, 1999.

     Holders.
     -------

     As of April 10, 1999, the Company had 57 stockholders of record.

                                       15
<PAGE>
     Dividends.
     ---------

     The Company has not paid any  dividends to date.  In addition,  it does not
anticipate paying dividends in the immediate  foreseeable  future.  The board of
directors of the Company  will review its  dividend  policy from time to time to
determine the  desirability  and  feasibility of paying  dividends  after giving
consideration  to  the  Company's   earnings,   financial   condition,   capital
requirements and such other factors as the board may deem relevant.

     Recent Sales of Unregistered Securities
     ---------------------------------------

     During 1999, due to the Company's  limited cash reserves and at the request
of the  Company,  Wenthur & Chachas  agreed to accept  shares of the  restricted
Common Stock of the Company for certain legal services  provided to the Company.
Accordingly,  the Company issued 11,097 restricted shares of its Common Stock to
Wenthur & Chachas as follows:

         10 /20/99         619 shares
         11/24/99          106 shares
         11/24/99         1319 shares
         12/01/99          609 shares
         21/08/99        9,254 shares

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATION RESULTS

     As of April 10, 1999, no sales  revenue has been  generated by the Company.
Accordingly,  no table  showing  percentage  breakdown  of revenue  by  business
segment or product line is included.

     As of  December  31,  1998,  the  Company  had an  accumulated  deficit  of
$104,604.  It can be expected that the future operating results will continue to
be subject to many of the problems,  expenses,  delays and risks inherent in the
establishment  of a new business  enterprise,  many of which the Company  cannot
control.

     The Company has  formulated  its  business  plans and  strategies  based on
certain assumptions of the Company's management regarding the size of the market
for the products  and/or  services which the Company will be able to offer,  the
Company's  anticipated  share of the market,  and the  estimated  prices for and
acceptance of the Company's  products and/or services.  The Company continues to
believe its  business  plans and the  assumptions  upon which they are based are
valid.  Although these plans and  assumptions are based on the best estimates of
management,  there can be no assurance that these  assessments  will prove to be
correct.  No independent  marketing  studies have been conducted on behalf of or
otherwise obtained by the Company, nor are any such studies planned.

     Any future  success  that the  Company  might  enjoy will  depend upon many
factors,  including  factors  which may be beyond the  control of the Company or
which  cannot be  predicted  at this time.  These  factors may  include  product
obsolescence, increased levels of competition, including the entry of additional
competitors and increased  success by existing  competitors,  changes in general
economic  conditions,  increases in operating  costs including cost of supplies,
personnel and equipment,  reduced  margins  caused by competitive  pressures and
other factors,  and changes in  governmental  regulation  imposed under federal,
state or local laws.

     The Company's  operating results may vary significantly due to a variety of
factors including changing customers profiles,  the introduction of new products
and/or  by  the  Company  or  its  competitors,  the  timing  of  the  Company's
advertising and promotional campaigns,  pricing pressures,  general economic and
industry conditions that affect customer demand, and other factors.

                                       16
<PAGE>
Operation Results
-----------------

     During the 1999 fiscal year the focus of the Company's  efforts has been on
development   of  the   Company's   Web  Site  and  value   based   services  at
www.mlmwnt.com.  The Company is continuing  its design focus on the software and
hardware that will be required to effectively  implement the various services to
be found  at the web  site.  The  first  phase of  design  and  development  was
completed  in  December  1999  and  has  revealed   useful  data  and  marketing
information.  The  second  phase of design and  development  is  expected  to be
completed  in February  2000.  Final  design and Bata  testing is expected to be
completed in March 2000.  The first phase of the  Company's web site is expected
to be available  to begin  accepting  subscribers  the first week of March 2000.
Other services will be added to the site as quickly as they can be implimented.

     Management   is   implementing   changes   prior  to  the   acceptance   of
subscriptions.  Management  is also in  negotiations  with  suppliers  for added
support  products  and/or  services  to be offered to  subscribers.  The Company
expects  that it will  implement  these  upgrades as well as new  services on an
on-going basis.

     For the year  ended  December  31,  1999,  the  Company  reported a loss of
$104,533,  or $.01 per  share.  This loss was due in large  part  because of the
Costs associated with the development of the portal.

     Liquidity and Capital Resources
     --------------------------------

     For the year ending,  December 31, 1999 the Company  incurred a net loss of
$104,533  for sales,  general and  administrative  expenses  related to start-up
operations. It has yet to receive any revenues from operations. Additionally, on
February 4, 1999,  the Company  completed an offering of one million  thirty one
thousand and six hundred  (1,031,600)  shares of the common stock of the company
to approximately fifty-five (55) unafilliated shareholders.  This offer was made
in reliance upon an exemption from the registration provision of Section 4(2) of
the  Securities Act of 1993 (the "Act"),  as amended,  pursuant to Regulation D,
Rule 504 of the Act. As of the date of this Registration Statement,  the Company
has approximately eleven million two hundred sixty eight thousand,  five hundred
and seven (11,268,507) shares of its $0.001 par value common voting stock issued
and outstanding which are held by approximately fifty-seven (57) shareholders of
record.

     In addition,  management  believes the need for  additional  capital  going
forward will be derived  somewhat from internal  revenues and earning  generated
from its Internet Web site as revenues from the "fee"  services as they ramp up.
If the  company is unable to  generate  sufficient  revenues  to meet  expenses,
management of the company will seek  additional  operating  capital  through the
issuance of stock.  The Company has no arrangement  or commitments  for accounts
receivable  financing.  There can be no assurance that any such financing can be
obtained, or if obtained, that it will be at reasonable terms.

     The Company  believes that its initial  revenues will be dependent upon the
sale of revenues generated through e-commerce arrangements with service partners
and co-branding  affiliates  programs.  Realization of significant  sales of the
Company's  services  during the coming  fiscal year is vital to the operation of
the  Company.  To this  end,  management  is  currently  emphasizing  the  rapid
deployment  of the  company's  web  site  and the  revenue  generating  services
planned.

                                       17
<PAGE>
     No engineering management or similar reports have been prepared or provided
for external use by the Company in connection  with the offer of its  securities
to the public.

     Management  believes that the  Company's  future growth and success will be
largely  dependant  on its  ability to develop  its  Network  Marketing  content
oriented  web site along  with its  ability  to cost  effectively  market to the
Network Marketing Industry the service at the site. Success of the web site will
be largely  dependent upon rapidly expanding the subscriber base and translating
this base to revenue  generating  services.  Principle elements of the Company's
approach to accomplish this task is included in the following.

     Member Loyalty
     --------------

     The Company plans to offer it's users a variety of Free service. Management
of the  Company  believes  that the  provision  of Free  services is critical to
attracting subscribers and retaining them as regular users of the services.

     Member Development Content
     --------------------------

     The majority of the content at the web site will be developed by users on a
voluntary basis. As a result,  the Company feels that it will be able to avoid a
major cost of providing compelling information.

     Internet Services Offering
     --------------------------

     The  Company  plans on branding  its own label  Internet  Services  via its
current  Internet  Service  Provider  (ISP) and offering the following  internet
services: (i) Internet Service (ISP) (ii) web site hosting (iii) web site design
and (iv) Domain name  registration  and hosting.  The Company  believes that the
future of the Internet  will be centered  around the Business to Business  (B2B)
services inherent in these services.

     In addition,  management  feels that its Internet  Services via its current
provider will solidify the scope of the company's  central point of convergence.
In short,  the  company  plans to utilize  its  Internet  services  and  related
capability to provide relative news editorial content,  headlines and customized
programming to attract and capture  subscriber  information to more  effectively
market to the Network Marketing Industry.

     The  Company  currently  does not expect to sell any of its  facilities  or
equipment.

     Management  anticipates  that it will hire and add full time employees over
the next twelve (12) months.

     Segment Data
     ------------

     As of  December  31,  1999,  no sales  revenue  has been  generated  by the
Company.  Accordingly,  no table  showing  percentage  breakdown  of  revenue by
business segment or product line is included.

                                       18
<PAGE>
CAUTIONARY FORWARD - LOOKING STATEMENT
--------------------------------------

     Statements  included  in  this  Management's  Discussion  and  Analysis  of
Financial  Condition  and Results of  Operations,  and in future  filings by the
Company with the  Securities  and Exchange  Commission,  in the Company's  press
releases  and in  oral  statements  made  with  the  approval  of an  authorized
executive officer which are not historical or current facts are "forward-looking
statements"  made  pursuant  to  the  safe  harbor  provisions  of  the  Private
Securities  Litigation  Reform Act of 1995 and are subject to certain  risks and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
historical  earnings and those presently  anticipated or projected.  The Company
wishes  to  caution   readers   not  to  place   undue   reliance  on  any  such
forward-looking statements,  which speak only as of the date made. The following
important  factors,  among others, in some cases have affected and in the future
could affect the Company's  actual results and could cause the Company's  actual
financial   performance  to  differ   materially  from  that  expressed  in  any
forward-looking   statement:  (i)  the  extremely  competitive  conditions  that
currently exist in the three dimensional  software  development  marketplace are
expected to continue,  placing further pressure on pricing which could adversely
impact  sales  and  erode  profit  margins;  (ii)  many of the  Company's  major
competitors in its channels of distribution have significantly greater financial
resources  than the Company;  and (iii) the inability to carry out marketing and
sales plans would have a materially adverse impact on the Company's projections.
The  foregoing  list  should not be  construed  as  exhaustive  and the  Company
disclaims any obligation  subsequently to revise any forward-looking  statements
to  reflect  events or  circumstances  after the date of such  statements  or to
reflect the occurrence of anticipated or unanticipated events.

                                       19
<PAGE>
ITEM 7.  FINANCIAL STATEMENTS

                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                December 31, 1999

                                 C O N T E N T S

                                                                         Page
                                                                         ----
Independent Auditors' Report ...........................................   21

Balance Sheet...........................................................   22

Statements of Operations................................................   24

Statements of Stockholders' Equity (Deficit)............................   25

Statements of Cash Flows................................................   27

Notes to Financial Statements...........................................   28

                                       20
<PAGE>
                          INDEPENDENT AUDITORS' REPORT


To the Stockholders of
Global-Link Enterprises, Inc.
(A Development Stage Company)
San Diego, California


We have audited the accompanying balance sheet of Global-Link Enterprises,  Inc.
(a development stage company) as of December 31, 1999 and the related statements
of operations, stockholders' equity (deficit) and cash flows for the years ended
December  31,  1999 and 1998 and from  inception  on November  20, 1998  through
December 31, 1999.  These  financial  statements are the  responsibility  of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
financial statements based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Global-Link  Enterprises,  Inc.
(a  development  stage  company) as of December  31, 1999 and the results of its
operations and its cash flows for the years ended December 31, 1999 and 1998 and
from inception on November 20, 1998 through December 31, 1999 in conformity with
generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 3 to the
financial  statements,  the  Company  is a  development  stage  company  with no
significant  operating results to date, which raises substantial doubt about its
ability to continue as a going  concern.  Management's  plans in regard to these
matters are also  described in Note 3. The  financial  statements do not include
any adjustments that might result from the outcome of the uncertainty.

/S/ Jones, Jensen & Company
Jones, Jensen & Company
Salt Lake City, Utah
April 14, 2000


                                       21
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                                  Balance Sheet


<TABLE>
<CAPTION>
                                     ASSETS
                                                            December 31,
                                                                1999
                                                            ------------
<S>                                                         <C>
CURRENT ASSETS

   Lease payments receivable                                $     7,913
                                                            ------------

     Total Current Assets                                         7,913
                                                            ------------

PROPERTY AND EQUIPMENT, NET (Note 7)                               1,221
                                                            ------------

OTHER ASSETS

   Website development (Note 6)                                   48,750
   Deposits                                                        6,387
                                                            ------------

     Total Other Assets                                           55,137
                                                            ------------

     TOTAL ASSETS                                           $     64,271
                                                            ============
</TABLE>


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


                                       22
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                            Balance Sheet (Continued)


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

<TABLE>
<CAPTION>
                                     ASSETS
                                                            December 31,
                                                                1999
                                                            ------------
<S>                                                         <C>
CURRENT LIABILITIES

   Bank overdraft                                           $      3,497
   Accounts payable                                               55,186
   Accrued liabilities                                             1,106
   Notes payable - related parties (Note 4)                        7,693
   Notes payable (Note 5)                                         33,715
                                                            ------------

     Total Current Liabilities                                   101,197
                                                            ------------

LONG-TERM LIABILITIES

   Lease deposits payable - related party                          3,957
   Note payable - related party (Note 4)                              95
                                                            ------------

     Total Long-Term Liabilities                                   4,052
                                                            ------------

     Total Liabilities                                           105,249
                                                            ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)

   Preferred stock, $0.001 par value,
    5,000,000 shares authorized;
    -0- shares issued and outstanding                                -
   Common stock, $0.001 par value,
    20,000,000 shares authorized;
    11,268,507 shares issued and outstanding                      11,269
   Additional paid-in capital                                     52,357
   Deficit accumulated during the development stage             (104,604)
                                                            ------------

     Total Stockholders' Equity (Deficit)                        (40,978)
                                                            ------------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)   $     64,271
                                                            ============
</TABLE>

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

                                       23
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                            Statements of Operations

<TABLE>
<CAPTION>

                                                             For the            From Inception on
                                                             Year Ended   November 20, 1998 Through
                                                            December 31,         December 31,
                                                            ----------------------------------------
                                                               1999            1998         1999
                                                            ----------------------------------------
<S>                                                         <C>           <C>           <C>
REVENUES                                                    $        -    $        -    $        -
                                                            ----------------------------------------

OPERATING EXPENSES

   General and administrative                                    138,082           -         138,082
   Depreciation                                                      279           -             279
                                                            ----------------------------------------

     Total Operating Expenses                                    138,361           -         138,361
                                                            ----------------------------------------

OTHER INCOME (EXPENSE)

   Interest expense                                               (1,159)          (71)       (1,230)
   Rent income                                                    34,987           -          34,987
                                                            ----------------------------------------

     Total Other Income (Expense)                                 33,828           (71)       33,757
                                                            ----------------------------------------

LOSS FROM OPERATIONS                                            (104,533)          -        (104,604)

INCOME TAX EXPENSE                                                -                -             -
                                                            ----------------------------------------

NET LOSS                                                    $   (104,533) $        (71) $   (104,604)
                                                            ========================================

BASIC LOSS PER SHARE                                        $      (0.01) $      (0.00)
                                                            ============  ============

WEIGHTED AVERAGE SHARES
 OUTSTANDING                                                  11,159,540     5,496,195
                                                            ============  ============
</TABLE>

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

                                       24
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                  Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>

                                                                                                                      Deficit
                                                                                                                     Accumulated
                                                   Preferred Stock               Common Stock          Additional    During the
                                              ------------------------------------------------------    Paid-In      Development
                                                Shares          Amount       Shares        Amount       Capital        Stage
                                              ------------  ------------  ------------  ------------  ------------  ------------
<S>                                           <C>           <C>           <C>           <C>           <C>           <C>
Balance at inception on
 November 20, 1998                                     -    $        -             -    $        -    $        -    $        -

Issuance of common stock
 for cash at $0.001 per share -
 November 20, 1998                                     -             -      10,200,000        10,200           -             -

Issuance of common stock for
 cash at $0.05 per share
  - December 23, 1998                                  -             -         118,000           118         5,782           -

Net loss from inception on
 November 20, 1998 through
 December 31, 1998                                     -             -             -             -             -             (71)
                                              ------------  ------------  ------------  ------------  ------------  ------------

Balance, December 31, 1998                             -             -      10,318,000        10,318         5,782           (71)

Issuance of common stock issued
 for cash at  $0.05 per share
 - January 12, 1999                                    -             -         105,000           105         5,145           -

Issuance of common stock issued
 for cash at $0.05 per share
 - January 13, 1999                                    -             -          23,600            24         1,156           -

Issuance of common stock issued
 for cash at $0.05 per share
 - January 15, 1999                                    -             -          30,000            30         1,470           -

Issuance of common stock issued
 for cash at $0.05 per share
 - January 19, 1999                                    -             -         105,000           105         5,145           -

Issuance of common stock issued
 for cash at $0.05 per share
 - January 22, 1999                                    -             -         100,000           100         4,900           -

Issuance of common stock issued
 for cash at $0.05 per share
 - January 28, 1999                                    -             -          40,000            40         1,960           -

Issuance of common stock issued
 for services at $0.05 per share
 - January 29, 1999                                    -             -           5,000             5           245           -

Issuance of common stock issued
 for services at $0.05 per share
 - February 3, 1999                                    -             -         500,000           500        24,500           -
                                              ------------  ------------  ------------  ------------  ------------  ------------

Balance forward                                        -    $        -      11,226,600  $     11,227  $     50,303  $        (71)
                                              ------------  ------------  ------------  ------------  ------------  ------------

</TABLE>

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

                                       25
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
            Statements of Stockholders' Equity (Deficit) (Continued)


<TABLE>
<CAPTION>

                                                                                                                      Deficit
                                                                                                                     Accumulated
                                                   Preferred Stock               Common Stock          Additional    During the
                                              ------------------------------------------------------    Paid-In      Development
                                                Shares          Amount       Shares        Amount       Capital        Stage
                                              ------------  ------------  ------------  ------------  ------------  ------------
<S>                                           <C>           <C>           <C>           <C>           <C>           <C>
Balance forward                                        -    $        -      11,226,600  $     11,227  $     50,303  $        (71)

Issuance of common stock
 for cash at $0.05 per share
 - February 4, 1999                                    -             -           5,000             5           245           -

Issuance of common stock
 for services at $0.05 per share
 - March 30, 1999                                      -             -          25,000            25         1,225           -

Issuance of common stock
 for services at $0.05 per share
 - October 20, 1999                                    -             -             619             1            30           -

Issuance of common stock
 for services at $0.05 per share
 - November 24, 1999                                   -             -           1,425             1            70           -

Issuance of common stock
 for services at $0.05 per share
 - December 1, 1999                                    -             -             609             1            30           -

Issuance of common stock
 for services at $0.05 per share
 - December 8, 1999                                    -             -           9,254             9           454           -

Net loss for the year ended
 December 31, 1999                                     -             -             -             -             -        (104,533)
                                              ------------  ------------  ------------  ------------  ------------  ------------

Balance, December 31, 1999                             -    $        -      11,268,507  $     11,269  $     52,357  $   (104,604)
                                              ============  ============  ============  ============  ============  ============

</TABLE>

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

                                       26
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows

<TABLE>
<CAPTION>

                                                             For the            From Inception on
                                                             Year Ended   November 20, 1998 Through
                                                            December 31,         December 31,
                                                            ----------------------------------------
                                                               1999            1998         1999
                                                            ----------------------------------------
<S>                                                         <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

   Net (loss)                                               $   (104,533) $        (71) $   (104,604)
   Adjustments to reconcile net (loss) to net cash
     used in operating activities:
     Depreciation                                                    279           -             279
     Stock issued for services                                    26,846           -          26,846
   Changes in operating assets and liabilities:
     (Increase) decrease in lease payments receivable             (7,913)          -          (7,913)
     (Increase) decrease in deposits                              (6,387)          -          (6,387)
     Increase (decrease) in accounts payable                      44,686        10,500        55,186
     Increase (decrease) in accrued interest                       1,106           -           1,106
     Increase (decrease) in lese deposit payable                   3,957           -           3,957
                                                            ----------------------------------------

    Net Cash (Used) by Operating Activities                      (41,959)       10,429       (31,530)
                                                            ----------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:

   Purchase of property and equipment                             (1,500)          -          (1,500)
   Website development costs incurred                            (23,250)      (25,500)      (48,750)
                                                            ----------------------------------------

    Net Cash (Used) by Investing Activities                      (24,750)      (25,500)      (50,250)
                                                            ----------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:

   Proceeds from the issuance of notes payable                    33,715           -          33,715
   Proceeds from the issuance of notes payable
    - related party                                                9,656        15,100        24,756
   Payments on notes payable - related party                      (2,544)      (14,424)      (16,968)
   Common stock issued for cash                                   20,680        16,100        36,780
                                                            ------------  ------------  ------------

   Net Cash Provided by Financing Activities                      61,507        16,776        78,283
                                                            ----------------------------------------

NET INCREASE (DECREASE) IN CASH                                   (5,202)        1,705        (3,497)

CASH AT BEGINNING OF PERIOD                                        1,705           -             -
                                                            ----------------------------------------

CASH AT END OF PERIOD                                       $     (3,497) $      1,705  $     (3,497)
                                                            ============  ============  ============

CASH PAID FOR:

   Interest expense                                         $         55  $        -    $         55
   Income taxes                                             $        -    $        -    $        -
                                                            ----------------------------------------

</TABLE>

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

                                       27
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998


NOTE 1 - NATURE OF ORGANIZATION

     The financial  statements  presented are those of Global-Link  Enterprises,
     Inc. (a development stage company) (the Company). The Company was organized
     under the laws of the State of Nevada on November 20, 1999. The Company was
     organized to develop a multi-level marketing resource web site to offer web
     site  hosting  and  development  services  as well as a news portal for the
     multi-level marketing community.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     a. Accounting Method

     The  financial   statements  are  prepared  using  the  accrual  method  of
     accounting. The Company has elected a December 31 year end.

     b. Basic Loss Per Share

     The following is an  illustration of the  reconciliation  of the numerators
     and denominators of the basic loss per share calculation:

<TABLE>
<CAPTION>

                                                                 For the Years Ended
                                                                  December 31,
                                                            --------------------------
                                                                1999          1998
                                                            --------------------------
     <S>                                                    <C>           <C>

              Net (loss) (numerator)                        $   (104,533) $        (71)

              Weighted average shares outstanding
               (denominator)                                  11,159,540     5,496,195

              Basic loss per share                          $      (0.01) $      (0.00)
                                                            ==========================
</TABLE>

     Fully diluted loss per share is not  presented as there are no  potentially
     dilutive items outstanding.

     c. Use of Estimates

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

     d. Cash and Cash Equivalents

     The Company  considers  all highly  liquid  investments  with a maturity of
     three months or less when purchased to be cash equivalents.


                                       28
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

     e. Revenue Recognition Policy

     The Company  will  develop its revenue  recognition  policies  when planned
     principle operations commence.

     f. Income Taxes

     As of December 31, 1999, the Company had a net operating loss  carryforward
     for federal income tax purposes of approximately  $104,600 that may be used
     in  future  years  to  offset  taxable  income.   The  net  operating  loss
     carryforward  will  expire  in  2019.  The tax  benefit  of the  cumulative
     carryforwards has been offset by a valuation allowance of the same amount.

NOTE 3 - GOING CONCERN

     The Company's  financial  statements are prepared using generally  accepted
     accounting  principles applicable to a going concern which contemplates the
     realization  of assets and  liquidation of liabilities in the normal course
     of business.  However, the Company does not have significant  operations to
     date,  nor does it have an  established  source of revenues  sufficient  to
     allow it to continue as a going concern. It is the intent of the Company to
     seek  additional  working  capital for the Company  through the issuance of
     stock.

     When the Company becomes fully operational,  the central convergence of the
     enterprise  will be centered on a global  news and  information  web portal
     that  focuses on the needs of the  worldwide  Network  Marketing  Industry.
     Principle features of the web site will include  international and national
     news and  information  related  to over  1,000  companies  engaged  in this
     industry, free web based e-mail, chat rooms, message boards, and a personal
     calendar.  Revenue  generating  services at the site will include  internet
     services  as an  ISP,  web  site  design,  web  site  hosing,  domain  name
     registration,  communications  services, a credit repair membership program
     and an e-commerce mall.  Additional  services will be added, as they become
     economically viable.

     In the  interim,  management  of the  Company is  committed  to meeting the
     present and future needs of the Company.

NOTE 4 - RELATED PARTY TRANSACTIONS

     Notes Payable

     A related party loaned the Company $15,100 for web site development  during
     November  1998.  The note payable has a maturity  date of November 24, 2001
     and accrues  interest at 10% per annum.  At December 31,  1999,  the unpaid
     principal balance was $95. Interest expense amounted to $32 at December 31,
     1999.


                                       29
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998


NOTE 4 - RELATED PARTY TRANSACTIONS (Continued)

     During 1999,  a related  party  loaned the Company  $8,856.  The note has a
     maturity  date of December 31, 2000 and accrues  interest at 10% per annum,
     unsecured.  At December 31, 1999, the unpaid principal  balance was $6,893.
     Interest expense amounted to $49 at December 31, 1999.

     During 1999, a related party loaned the Company $800.  The note is due upon
     demand and accrues  interest at 10% per annum,  unsecured.  At December 31,
     1999, the unpaid principal  balance was $800.  Interest expense amounted to
     $28 at December 31, 1999.

     During  1999,  the  Company  paid  $17,260  in  consulting  fees to related
     parties.

     During 1999,  the Company  paid $31,153 in rent to a related  party for its
     office space.

     During 1999, the Company  subleased two properties to related parties.  The
     Company recorded $34,987 in rent income for the year (see Note 10).

NOTE 5 - NOTES PAYABLE

     On December 31 1999, the Company borrowed $33,715.  The note has a maturity
     date of December 31, 2000 and accrues interest at 12% per annum, unsecured.
     At December 31, 1999, the unpaid principal balance was $33,715.

NOTE 6 - WEB SITE DEVELOPMENT

     The Company is  developing a web site to provide web site  development  and
     hosting  services  as well as a news  portal to the  multi-level  marketing
     community including home businesses and second income opportunity  seekers.
     The web site will be amortized when placed in service in 2000 over a period
     of 60  months  on the  straight-line  basis.  A total of  $48,750  has been
     capitalized at December 31, 1999.

NOTE 7 - PROPERTY AND EQUIPMENT

     Property  and  equipment  are  recorded  at  cost.   Major   additions  and
     improvements are capitalized.  Minor replacements,  maintenance and repairs
     that do not extend the useful life of the assets are  expensed as incurred.
     Depreciation   of  property   and   equipment  is   determined   using  the
     straight-line  method  over  the  expected  useful  lives  of  the  assets,
     primarily  from three to seven years.  Property and equipment  consisted of
     the following at December 31, 1999:

                                                               December 31,
                                                                   1999
                                                               ------------
          Office equipment                                     $      1,500
          Accumulated depreciation                                      279
                                                               ------------
                                                               $      1,221
                                                               ============

     Depreciation expense for the year ended December 31, 1999 was $279.

                                       30
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 8 - ISSUANCE OF STOCK

     During  November  1998,  the  Company  issued   10,200,000  shares  of  its
     previously  authorized  but  unissued  common stock for cash of $10,200 (or
     $0.001 per share).

     During  December  1998, the Company issued 118,000 shares of its previously
     authorized  but  unissued  common  stock for cash of  $5,900  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 105,000 shares of its previously
     authorized  but  unissued  common  stock for cash of  $5,250  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 23,600 shares of its  previously
     authorized  but  unissued  common  stock for cash of  $1,180  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 30,000 shares of its  previously
     authorized  but  unissued  common  stock for cash of  $1,500  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 105,000 shares of its previously
     authorized  but  unissued  common  stock for cash of  $5,250  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 100,000 shares of its previously
     authorized  but  unissued  common  stock for cash of  $5,000  (or $0.05 per
     share).

     During  January 1999,  the Company  issued 40,000 shares of its  previously
     authorized  but  unissued  common  stock for cash of  $2,000  (or $0.05 per
     share).

     During  January  1999,  the Company  issued 5,000 shares of its  previously
     authorized but unissued common stock for cash of $250 (or $0.05 per share).

     During  February  1999, the Company issued 500,000 shares of its previously
     authorized but unissued  common stock for services of $25,000 (or $0.05 per
     share).

     During  February  1999,  the Company  issued 5,000 shares of its previously
     authorized but unissued common stock for cash of $250 (or $0.05 per share).

     During  March 1999,  the Company  issued  25,000  shares of its  previously
     authorized  but unissued  common stock for services of $1,250 (or $0.05 per
     share).

     During  October  1999,  the  Company  issued 619  shares of its  previously
     authorized  but  unissued  common  stock for  services of $31 (or $0.05 per
     share).

     During  November  1999,  the Company  issued 1,425 shares of its previously
     authorized  but  unissued  common  stock for  services of $71 (or $0.05 per
     share).

     During  December  1999,  the  Company  issued 609 shares of its  previously
     authorized  but  unissued  common  stock for  services of $31 (or $0.05 per
     share).

                                       31
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 8 - ISSUANCE OF STOCK (Continued)

     During  December  1999,  the Company  issued 9,254 shares of its previously
     authorized  but  unissued  common  stock for services of $463 (or $0.05 per
     share)

NOTE 9 - COMMITMENTS AND CONTINGENCIES

     During  November 1999,  the Company  entered into an agreement for web site
     development. The agreement called for payment of $25,000 in installments of
     50% due upon  acceptance,  25% due on  December  10,  1999 and 25% due upon
     acceptance  of the  completed  project.  The Company  paid $-0- toward this
     contract at December 31, 1999, but negotiated to pay the balance in 2000.

NOTE 10 - LEASE COMMITMENT AND TOTAL RENTAL EXPENSE

     The Company has leased  property  under a  noncancellable  operating  lease
     agreement  which  expires on May 31, 2004 and requires  monthly  rentals of
     $3,957,  plus yearly  increases,  plus 33.91% of the common area  operating
     expenses.

     The Company has  subleased a portion of the  building to a another  related
     party company  under a  noncancellable  agreement  which expires on May 31,
     2004 and requires monthly rentals of $3,957,  plus yearly  increases,  plus
     33.91% of the common area operating expenses.

     The total minimum rental commitment at December 31, 1999 under the lease is
     $226,971 which is due as follows:

          Year                               Amount
          ----------                         -----------
          2000                               $    48,488
          2001                                    50,214
          2002                                    51,941
          2003                                    53,667
          2004                                    22,661
                                             -----------
          Total                              $   226,971
                                             ===========

     The preceding  minimum rental  commitment  amounts have not been reduced by
     the  minimum  rentals  totaling  $226,971  which are to be  received in the
     future under the sublease mentioned in the second paragraph.

     The total  rental  expense  included in the income  statement  for the year
     ended  December  31,  1999 is  $27,697  and the net rental  expense,  after
     deducting rental income of $27,697 from subleases is $0.

     The Company was required to put a refundable  security deposit of $3,957 on
     the lease and  required a security  deposit  on the  sublease  for the same
     amount.

                                       32
<PAGE>
                          GLOBAL-LINK ENTERPRISES, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 10 - LEASE COMMITMENT AND TOTAL RENTAL EXPENSE (Continued)

     The Company has leased  property  under a  noncancellable  operating  lease
     agreement which expires on September 30, 2009 and requires  monthly rentals
     of $2,430,  plus yearly  increases,  plus  approximately  $443 per month in
     common area operating expenses.

     The Company has  subleased a portion of the  building to a another  related
     party company under a  noncancellable  agreement which expires on September
     30, 2009 and requires  monthly  rentals of $2,430,  plus yearly  increases,
     plus approximately $443 per month in common area operating expenses.

     The total minimum rental commitment at December 31, 1999 under the lease is
     $342,630 which is due as follows:

          Year                               Amount
          ----------                         -----------
          2000                               $    29,484
          2001                                    30,780
          2002                                    32,076
          2003                                    33,372
          2004                                    34,668
          Thereafter                             182,250
                                             -----------
          Total                              $   342,630
                                             ===========

     The preceding  minimum rental  commitment  amounts have not been reduced by
     the  minimum  rentals  totaling  $342,630  which are to be  received in the
     future under the sublease mentioned in the second paragraph.

     The total  rental  expense  included in the income  statement  for the year
     ended  December  31,  1999 is  $7,290  and the net  rental  expense,  after
     deducting rental income of $7,290 from subleases is $0.

     The Company was required to put a refundable  security deposit of $2,430 on
     the  lease  and  did not  require  a  refundable  security  deposit  on the
     sublease.

NOTE 11 - SUBSEQUENT EVENTS

     During January 2000,  the Company  authorized the issuance of 50,000 shares
     of its previously authorized but unissued common stock for cash of $500 (or
     $0.05 per share).

     During February 2000, the Company  effected a name change to MLM World News
     Today, Inc.

                                       33
<PAGE>
ITEM  8.  CHANGES  IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
FINANCIAL DISCLOSURE

     There has been no change of the  independent  auditors  of the  Company and
there are no disagreements with such independent auditors.

                                    PART III.

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16 (a) OF THE EXCHANGE ACT

     See Item 11 for  information on the  beneficial  ownership of the Company's
securities.

     (a)  Identity of Directors and Executive Officers.

     The directors and executive officers of the Company are as follows:

<TABLE>
<CAPTION>
Name                     Age       Position            Term      Served Since
--------------------------------------------------------------------------------
<S>                      <C>       <C>                 <C>       <C>
James C. Frans           49        President,          1 Year    1998
                                   Chief Executive Officer
                                   and Chairman

Paul A. Harbison         34        Treasurer, CFO and  1 Year    1998
                                   Director

Robert L. Schultz        59        Secretary           1 Year    11/20/98
--------------------------------------------------------------------------------
</TABLE>

     (b) Work Experience

     James C. Frans,  President,  CEO and  Chairman of the Board - In 1983,  Mr.
Frans  became  President  and CEO of MAGCO  Publishing,  a sales  and  marketing
related  publishing firm. In 1994, Mr. Frans co-founded  Financial Help Centers,
Inc.  ("FHC"),  another sales  organization  that was able to expand  throughout
Southern  California;  this  company  continues  to grow today with a focus on a
program  designed to decrease debt,  increase income and help members  generally
secure a more stable financial future. FHC's lifetime membership has helped many
people with credit and debt  problems.  Mr.  Frans has also been  involved  with
Herbalife  Corporation  while working with Mr. Anthony Chow in Honolulu,  Hawaii
and has successfully  trained and managed employees from combined  experience in
various organizations such as Neon Products,  Inc. and Crush International.  The
Company believes that Mr. Frans' background in sales,  marketing and management,
coupled with his creative talent and professionalism, provide the Company with a
great deal of leadership.

     Paul A. Harbison, Treasurer, CFO and Director - Mr. Harbison has experience
in sales,  marketing,  management and finance. After completing his education at
San Diego State University,  where he majored in business administration with an
emphasis  in  finance,   Mr.  Harbison  pursued  a  career  in   communications,
specializing in streamlining for prominent  corporations such as Sony,  QualComm
and SAIC.  In this area,  Mr.  Harbison's  expertise  includes  two-way  paging,
two-way radio, and cellular and  long-distance  services.  Mr. Harbison was also
involved in the 1994  establishment  of Financial Help Centers,  Inc., where Mr.
Harbison is currently the President and CEO. This organization has helped people
better their lives with its  lifetime  membership  program  which is designed to
help  consumers  with  their  credit  problems  by  decreasing  their  debts and
increasing  their  income -  ultimately  helping  the  consumers  improve  their
financial status. The Company believes that Mr. Harbison's various  achievements
within the fields of finance, communications and network marketing,  accompanied
with his  aggressive  work  ethic  and  management  skills,  provides  essential
leadership to the Company.

                                       34
<PAGE>
     Robert L.  Schultz,  Secretary,  COO and  Director - Mr.  Schultz  brings a
wealth of experience in marketing,  sales and management to the company. After a
four year enlistment in the U. S. Air Force, Mr. Schultz attended The University
of Detroit and Wayne State University were he majored in Business administration
and Mass  Communications.  Before  graduating  he was  recruited  by the  worlds
leading  Incentive  Marketing  Company,  The E. F. Mac Donald  Company  where he
served  as  Account   Executive.   During  this  time,  Mr.  Schultz  had  total
responsibility  for the  sales and  management  of 2 major  Automotive  Industry
accounts  each  billing  in excess  of $1.5  million.  After 9 years as  account
executive,  Mr. Schultz was recruited by a major Corporate  Meetings  company as
National  Account  Director.  He quickly  became the Company's  leading  revenue
producer, billing in excess of 40% of the total Company revenue and was promoted
to Vice President, Sales and Marketing.

     After 10 years on the road, Mr. Schultz  married and settled down to a life
as District  Sales and Training  Manager for the Prudential  Insurance  Company.
While with the  Prudential,  Mr. Schultz was responsible for building one of the
largest  and most  successful  sales staff in the  country,  earning him several
awards including a "Presidential  Citation," the top recognition  award given by
the company.  Mr. Schultz was also  responsible  for District Agent training for
the Prudential as well as the for several other  Insurance  Companies  under the
Life Underwriters Training Counsel and General Agents Management Counsel. During
this time Mr. Schultz and his wife Marcia also owned and operated  several large
Fine Dining restaurants.

     Mr. Schultz's outstanding business  accomplishments in sales, marketing and
business  management,   accompanied  with  his  tireless  work  ethic,  provides
indispensable leadership to the Company.

     (c) Family Relationships

     None - Not Applicable.

     (d) Involvement on Certain Material Legal Proceedings  During the Last Five
Years

          (1)  No current or pending litigation,  and no claims or counterclaims
               involving the Company as a plaintiff or defendant exist.

          (2)  No director, officer, significant employee or consultant has been
               convicted  in  a  criminal   proceeding,   exclusive  of  traffic
               violations.

          (3)  No director, officer, significant employee or consultant has been
               permanently  or  temporarily  enjoined,   barred,   suspended  or
               otherwise  limited  from  involvement  in any  type of  business,
               securities or banking activities.

          (4)  No director,  officer or significant  employee has been convicted
               of violating a federal or state securities or commodities law.


COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934
--------------------------------------------------------------------

     Section  16(a) of the  Securities  Exchange  Act of 1934,  as amended  (the
"Exchange  Act"),requires the Company's  directors and executive  officers,  and
persons who own more than ten  percent of a  registered  class of the  Company's
equity securities, to file with the SEC initial reports of ownership and reports
of changes in  ownership  of Common  Stock and other  equity  securities  of the
Company. Officers,  directors and greater than ten percent beneficial owners are
required by SEC  regulation  to furnish  the Company  with copies of all reports
they file under Section 16(a).

     To the  Company's  knowledge,  based  solely on its review of the copies of
such reports furnished to the Company and written  representation  that no other
reports were  required,  with respect to the year ended  December  31,1999,  all
Section  16(a) filing  requirements  applicable  to each person who, at any time
during the fiscal year ended  December  31,1999,  was an officer,  director  and
greater than ten percent beneficial owner, were complied with.

                                       35
<PAGE>
ITEM 10. EXECUTIVE COMPENSATION
-------------------------------

     The  following  table sets  forth the  aggregate  compensation  paid by the
Company for services rendered during the periods indicated:
<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE
                           ---------------------------

                                   ------------------------------------------------------------------------------
                                             Annual Compensation                Long Term Compensation
                                   ------------------------------------------------------------------------------
                                                                                Awards         Payouts
                                   ------------------------------------------------------------------------------
                                                                                Securities               All
                                                       Other                    Underlying               Other
Name and             Year or                           Annual    Restricted     Options/       LTIP      Compen-
Principal            Period   Salary         Bonus     Compen-   Stock          SAR's          Payouts   sation
Position             Ended    ($)            ($)       sation)   Awards         (#)            ($)       ($)
                                                       ($)       ($)
(a)                  (b)      (c)            (d)       (e)       (f)            (g)            (h)       (i)
-----------------------------------------------------------------------------------------------------------------
<S>                  <C>      <C>            <C>       <C>       <C>            <C>            <C>       <C>
James C. Frans      1999      $ 10,610       0         0         0              0              0         0
President and CEO   1998      $      0       0         0         0              0              0         0


Paul A. Harbison    1999      $  6,650       0         0         0              0              0         0
CFO                 1998      $      0       0         0         0              0              0         0

Robert L. Schultz   1999      $      0       0         0         0              0              0         0
                    1998      $      0       0         0         0              0              0         0
------------------------------------------------------------------------------------------------------------------
</TABLE>

     EMPLOYMENT CONTRACTS/STOCK INCENTIVE PLANS
     ------------------------------------------

     Management Employment Agreements and Compensation

     All executive  officers of the Company prior to April 10, 1999 did not draw
a salary from the Company. Over the next twelve months,  however, each executive
officer is expected to draw the following annual compensation.  The Company does
not currently have a stock option plan.

     There were no  arrangements  pursuant to which any  director of the Company
was  compensated for the period from November 20, 1998 to April 10, 1999 for any
service provided as a director. In addition, no such arrangement is contemplated
for the  foreseeable  future,  as the Company's  only  directors are its current
executive  officers who are expected to draw a salary for the  management of the
Company.

                                       36
<PAGE>
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     (a) Security Ownership of Certain Beneficial Owners

     The following  table sets forth  security  ownership  information as of the
close of  business  on April 10,  1999,  for any  person or group,  known by the
Company to own more than five percent (5%) of the Company's voting securities.

<TABLE>
<CAPTION>

Title of            Name of                   Amount of          Percent of
Class               Beneficial Owner          Ownership          Class
-------------------------------------------------------------------------------
<S>                 <C>                       <C>                <C>
Common              James C. Frans (1)
                    Chairman;
                    President & CEO          5,100,000           45.41%

Common              Paul A. Harbison (1)
                    Treasurer; CFO;
                    Director                 5,100,000           45.41%
</TABLE>

     (b) Security Ownership of Management

     The following table sets forth security  ownership  information,  as of the
close of business on April 10,  1999,  for any  director,  executive  officer or
group of the Company's voting securities:

<TABLE>
<CAPTION>

Title of            Name of                       Amount of          Percent of
Class               Beneficial Owner              Ownership          Class
-------------------------------------------------------------------------------
<S>                 <C>                           <C>                <C>
Common Stock        James C. Frans                5,100,000         45.41%
                    3633 Camino Del Rio South
                    Suite 107
                    San Diego, CA 92108

Common Stock        Paul A. Harbison              5,100,000         45.41%
                    3633 Camino Del Rio South
                    Suite 107
                    San Diego, CA 92108

Common Stock        Robert L. Schultz                 5,000         0.045%
                    1308 Sun Point Dr.
                    Las Vegas, NV 89108

Common Stock        All Executive Officers and   10,205,000         90.87%
                    Directors as a Group (3 Persons)
</TABLE>

     (c) Change in Control.

     There are no present  arrangements  or pledges of the Company's  securities
which may result in a change in control of the Company.

                                       37
<PAGE>
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

                     TRANSACTIONS WITH MANAGEMENT AND OTHERS
                     ---------------------------------------

     Company has conducted limited business  transactions to date. Prior to this
Registration  Statement,  the Company has relied  primarily  upon  founders  and
initial shareholders of the Company as its sole source of capital and liquidity.

     Because of the  development  stage nature of the Company and its relatively
recent  inception,  November  20,  1998,  the  Company has no  relationships  or
transactions to disclose.

                           TRANSACTIONS WITH PROMOTERS
                           ---------------------------

     There have been no material  transactions,  series of similar transactions,
currently proposed transactions, or series of similar transactions, to which the
Company or any of its  subsidiaries was or is to be a party, in which the amount
involved exceeded $60,000 and in which any promoter or founder, or any member of
the immediate family of any of the foregoing  persons,  had a material interest.
However,  see the  caption  "Transactions  with  Management  and Others" of this
Registration Statement Item 8. Sescription of Securities.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

     (a) List of Exhibits  attached or  incorporated  by referenced  pursuant to
Item 601 of Regulation S-B.

Exhibit
Number   Description*
-------  -------------

     (a) List of Exhibits  attached or  incorporated  by referenced  pursuant to
Item 601 of Regulation S-B.

     (3) Articles of Incorporation and By-Laws

                    3.1 Articles of Incorporation of the Company filed September
                    29,  1998.  (Incorporated  by reference  from the  Company's
                    Registration  Statement  on Form 10-SB,  filed May 20, 1999,
                    Commission File No. 000-26139.)

                    3.2  By-Laws  of  the  Company   adopted  October  2,  1998.
                    (Incorporated  by reference from the Company's  Registration
                    Statement on Form 10-SB, filed May 20, 1999, Commission File
                    No. 000-26139.)

                    3.3  Statement  of  Designation  of Foreign  Corporation  in
                    California filed September 3, 1999.

     (10) Material Contracts

                    10.01  Warehouse  Lease  Agreement  with Octavio and Leticia
                    Sanchez dated May 3, 1999.

                    10.02 Warehouse  Lease  Agreement with Direct  Technologies,
                    Inc. d/b/a California Pacific Trading Co, Inc.

                    10.03 Retail Space Lease Agreement with R.V.S. Retail, LP, a
                    California Limited Partnership dated May 28, 1999.

                    10.04  Warehouse  Lease  Agreement with Gourmet Gardens Soup
                    and Salad Bars, Inc. dated May 3, 1999.

                    10.05   Warehouse   Lease  Agreement  with  FarmPac  Trading
                    Company, Inc. dated August 1, 1999.

     (27) Financial Data Schedule

                    27.01 Financial Data Schedule (submitted  electronically for
                    SEC information only).

     (b) There were no reports  on Form 8-K filed  during the period  covered by
this report.

                                       38
<PAGE>
                                  EXHIBIT INDEX
                                  -------------

     The following Exhibit Index sets forth the Exhibits attached hereto.

Exhibit  Description

None.
                                    SIGNATURE
                                    ---------

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

                                                  MLM WORLD NEWS TODAY, INC.
                                                  A Nevada Corporation

Date: April 14, 2000                              /S/ James C. Frans
                                                  ------------------------------
                                                  By: James C. Frans
                                                  Its: President and CEO


Date: April 14, 2000                              /S/ Paul A. Harbison
                                                  ------------------------------
                                                  By: Paul A. Harbison
                                                  Its: Chief Financial Officer

Date: April 14, 2000                              /S/ Robert L. Schultz
                                                  ------------------------------
                                                  By: Robert L. Schultz
                                                  Its: Secretary

                                       39