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

                                   FORM 10-KSB

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

                  For the Fiscal Year Ended: December 31, 2000

                        Commission File Number 000-26139


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                           MLM WORLD NEWS TODAY, INC.
                    (FORMERLY GLOBAL-LINK ENTERPRISES, INC.)
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                                      <C>
        NEVADA                                  91-1937382
        ------                                  ----------
(State of Incorporation)                 (I.R.S. Employer Identification No.)
</TABLE>

         3633 Camino Del Rio South Suite 107 San Diego, California 92108
               (Address of Principal Executive Offices) (Zip Code)

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

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        Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 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  [ ]

        Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not 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

        Yes  [X]                   No  [ ]

        The issuer's revenues for the year ended December 31, 2000 were
$133,963.00

        As of April 12, 2001, there were 21,224,207 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 12, 2001) was approximately $1,071,822.00.



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                                     PART I


ITEM 1. DESCRIPTION OF BUSINESS


A. FORWARD LOOKING STATEMENTS

In addition to historical information, this Annual Report contains
forward-looking statements. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those reflected in these forward-looking statements. Factors
that might cause such a difference include, but are not limited to; those
discussed in the section entitled "Management's Discussion and Analysis of
Financial Condition and Results of Operations. Readers are cautioned not to
place undue reliance on these forward-looking statements, which reflect
management's opinions only as of the date hereof. The Company undertakes no
obligation to revise or publicly release the results of any revision to these
forward-looking statements. Readers should carefully review the risk factors
described in other documents the Company files from time to time with the
Securities and Exchange Commission, including the Quarterly Reports on Form
10-QSB to be filed by the Company in fiscal year 2001.

B. 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. On September 29,
1999 the Company was notified by the NASD of its approval to trade OTC-BB. The
first trade of the Company stock took place in early November, 1999 under the
symbol GLLE. On February 4, 2000 the company requested a Certificate of Name
Change with the State of Nevada to "MLM World News Today, Inc. " which was
granted April 7, 2000. The Company's new trading symbol was then changed to
"MLMS."

        The Company is a developmental stage company engaged in providing
business support systems to those involved in the Network Marketing Industry. On
March 13, 2000, the Company launched the initial Tier of it's 5 Tiered Business
Model with it's Web site, "MLM World News Today" (the "Site") at www.mlmwnt.com.
A primary objective of this initial undertaking is designed to attract "Members"
from around the world, via the Internet. This is accomplished by providing
Members with "Free" access to compelling, news, headlines, and editorial content
relating to the Network Marketing Industry.

        At no time in the history of the Network Marketing Industry, has
anything had such a massive impact on the way Business is transacted, as has the
Internet. Since its inception, the Internet has evolved into a global medium,
enabling millions of people worldwide to share information, communicate, and
conduct business electronically. With an even greater technological evolution on
the horizon, the future impact of the Internet will be even more significant.
MLM World News Today, Inc. Co founders, James C. Frans and Paul Harbison, have
developed a Business Model, designed to take advantage of this explosive
phenomenon. Over the years, these visionaries, realizing the emergence of this
paradigm shift, have built a solid 5 Tiered Business Model to effectively
support the efforts of over 220 Million Network Marketers worldwide. Building
upon the initial provisions of International news and information, to
full-screen on-line Television, their innovative plan focuses on providing this
rapidly expanding niche market with an all-encompassing "Business Toolbox" of
supporting systems. Each of the utensils that make up this system, are designed
to train, educate and support the Net worker, providing the mechanisms needed to
be successful within the changing Industry landscape and the rapidly expanding
capability of the Internet.

        The MLM World News Today, Inc. five-tiered Business Model has foundation
in its featured Web Site at www.mlmwnt.com. TIER ONE, and the primary focus of
this Web Site, is centered on providing the Network Marketing Industry with
real-time national and International news, headlines, editorial content,
customizable



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International Classified Advertising, collateral services and business tools,
with particular focus on the Network Marketing Industry.

        TIER TWO of the Business Model, the "MLMWNT.COM Business Opportunity,"
was pre-launched on September 12th 2000. This is a cutting edge vehicle that
supports Net workers in marketing their individual Businesses, Products and
Services to other entrepreneurs worldwide... while creating the security of yet
another personal income. This is the first of several revenue generating
initiatives the company will implement over the next twelve months.

        TIER THREE is the "MLMWNT.COM CYBERTORIUM," another source of revenue to
the company. Cybertorium is designed to provide Net workers worldwide with the
ability to select, in a pay-per-view format, eminently distinguished speakers
and meaningful educational seminar content in a "Click" of the mouse instant, on
a 24X7 basis.

        TIER FOUR of the Business Model is "MLMWNTRadio.COM," the third
revenue-generating source. Based upon the Company's highly successful weekly
"Let's Talk" telephone forum, "MLMWNTRadio.COM " is a weekly syndicated radio
talk show featuring "Live" interviews and discussions with Newsworthy Industry
and Governmental leaders. This U.S. syndicated radio show will also be available
at the Company's Web Site on an archived basis, allowing members convenient
worldwide access to this compelling programming.

        TIER FIVE of the Company's Business Model is perhaps the most exciting
aspect of the entire vision of MLM World News Today, Inc. With Tier one, two,
three and four of the Business Model in place, management has perfectly
positioned the Company to take full advantage of the phenomenal technological
advancement of Internet and the needs of the Network Marketing Industry. TIER
FIVE solidifies each of the other tiers with high profile exposure of the
company and its services, utilizing Television programming via a weekly
syndicated Cable TV news and information program. This show is once again
patterned after the Company's "Let's Talk" format. Not only will this program
support and promote the overall marketability of MLM World News Today, Inc., but
will also provide the Company with substantial revenues from traditional
advertising sources. By utilizing cutting edge, online, full screen television
technology, this U.S. syndicated television show will be made available at the
Company's Web Site, again on an archived basis, allowing members worldwide
discretionary access to this compelling information.

        Each tier of the MLM World News Today, Inc. Business Model is designed
to support the other. In the eyes of Management, every tier provides a
synergistic effect to the overall vision of the MLM World News Today, Inc.
Business Model and compounds the potential for company growth and profitability.

        MLM World News Today, Inc. is a pioneer in championing the advancement
of the Network Marketing Industry in the 21st Century. Through its innovative
Business Model, the management of MLM World News Today, Inc. has created an
Internet presence that will empower the Company with the ability to become the
Industry leader in providing true value to this rapidly growing global market.


C. BUSINESS OF ISSUER

        PRINCIPAL PRODUCTS AND SERVICES AND PRINCIPAL MARKETS

        The Company's Principal products are its Internet newspaper and
collateral products and services, found at, www.mlmwnt.com. The Site seeks to
capture "Members" by providing a portal with a central focus of providing
coverage of breaking news and information, in-depth analyses, original reporting
and supportive "Business Tools" to the Network Marketing Industry. The Company's
site is designed to universally appeal to, and provide business support, to the
Network Marketing professional, regardless of their company affiliation or
degree of expertise.

        Market penetration varies throughout the world. Several "developing"
areas that have low penetration, such as Latin America, and Eastern (Central)
Europe, provide significant growth potential for the Company. MLM World News
Today, Inc. marketing strategy continues to include expansion into new markets
throughout the world. The Company currently enjoys membership representation in
over 134 Countries, with significant representation in the U.S.A., Australia,
U.K., Canada and India.



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        The Company's for fee services are distributed worldwide primarily
through the "Network Marketing" method of distribution, in which products and/or
services are sold to consumers outside traditional retail store channels. The
"Representative" system is intended to facilitate the timely distribution of
products and/or Services to the consumer, and to establish uniform practices
regarding the use of these products/and or services, and the administrative
arrangements with MLM World News Today, Inc., such as order entering, paying and
recruiting, and training of Representatives. The Company's products and services
are sold under the "Network Marketing" method is sold directly to customers and
representatives throughout the world. Representatives and Associates are granted
the right to market the Company's products and/or Services using non-traditional
retail methods, primarily through word of mouth. The vast majority of the
Company's Representative system is composed of Representatives, Associates and
Regional Sales Directors, who are independent contractors and not employees of
MLM World News Today, Inc.

        The Company's Web Site competes with weekly and monthly trade
publications by delivering high quality content and more timely coverage of
Industry news and information using text, audio and video. The site also
provides state-of-the-art "Business Tools" in support of the Network Marketer.
The Company provides it's Members with access to this broad array of products
and services, each designed to enhance the success of the Network Marketing
professional and associates from every level of Networking involvement.

    Site Content and Strategy

        The Company provides current, comprehensive and content through its
Internet Website, "MLM World News Today," ("www.mlmwnt.com") and provides a
quality "Free" online service, with the objective of attracting and expanding a
loyal audience of repeat Internet users. Additionally, the Company seeks to
capitalize on available and customized Network Marketing content to create a
compelling Internet resource and to enhance the sale of the MLM World News
Today, Inc. "Business Opportunity," and supporting "Business Tools."

        The Company believes that its future success depends largely upon its
ability to deliver original and compelling program content along with its
valuable core "Business Tools" in order to attract and retain its members.
Although there can be no assurance that the Company's content alone will be
sufficiently strong enough magnet to entice large numbers of members, management
feels that the affinity of an additional personal income source from it's
"Business Opportunity" is a fundamentally sound marketing approach.

    Marketing mlmwnt.com

        The MLM World News Today, Inc. five-tiered Business Model is the primary
guide in marketing of the Company's products, services and "Business Tools." To
attract traditional Network Marketing member, the Company has built into it's
"Business Opportunity," (Tier II)a "Membership Qualification" and "Customer
Service Bonus" criteria. These "Qualifications," act as in incentive for every
MLM World News Today, Inc. "Representative," to enhance their degree of
compensation by promoting the Company Web site and gathering customers. Each of
these components is designed to build exponential Member and services growth.
Coupled with the traditional Network marketing Word of Mouth advertising,
management feels that the Company can expect to flourish.

        The Company further feels it is advantageous to seek to capture other
more non-traditional "Members" and has begun a major marketing campaign in
support of that goal. The core focus of this initiative is centered around a
monthly "Vacation Give Away," which offers prospective members a valuable "free"
subscription to the Web Site, mlmwnt.com, and a chance in a "Give-away" for a
free trip to an exotic travel destination such as Hawaii.

        The Company feels that the enticement of a "Free Vacation" will
substantially increase the number of site visitors, members and ultimately
revenue generating customers and "Representatives."

        In addition to the introduction of new products and development of new
geographic markets, a key element of the Company's strategy is expanding its
business by enlarging the number of Representatives. Under the MLM World News
Today, Inc. system, Members are encouraged to recruit, train, and motivate a
large sales force and to



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gather Customers for the use of the Company's services. Representatives are
trained by other Members to assist in recruiting, training, and motivating
others Representatives.

    Free Services

        The Company provides a range of free services to its members allowing
them to personalize their online experience based upon their individual needs.
By providing these free services, the Company has created a compelling online
resource for those interested in seeking out and learning more about the Network
Marketing Industry and the opportunities the Company and industry as a whole has
to offers.

    Members Services

        The Company offers several revenue generating support services, over and
above the services available without charge. These services are offered to
Members and Customers at the Website and additionally, through the company's
network of Representatives. The Company provides services, such as Internet
Services, Web Site Hosting and Design, an aggressive Communications Program
including worldwide Long Distance. Also on-line is an e-commerce Mall, offering
well over 1 Million items. A Flat Rate long distance program is on the horizon,
and soon several Financial services.

        MLM World News Today, Inc. believes that it is good business to give
back to the community. In as much as MLM World News Today is a part of the world
community, they provide a vehicle for Members to make on-line donations to any
of three worldwide non-profit organizations.

        Children's Miracle Network is an international non-profit organization
dedicated to helping children by raising funds and awareness for 170 children's
hospitals throughout North America. Each year these non-profit hospitals treat
more than 14 million children afflicted with diseases, injuries and birth
defects of every kind.

        Child Quest International, another on-line charity, differs from other
non-profit organizations in that they utilize many new and exciting technologies
including computer photo digitizing pictures to help locate missing children.

        International Children's Care (ICC) is a private relief and development
organization. Caring individuals, with no interest in personal gain, established
ICC for the specific purpose of giving high quality care for needy children. As
an internationally recognized Non-Governmental Organization, ICC fulfills this
primary directive of its charter without regard to the children's ethnic,
political, or religious association.

        MLM World News Today, Inc. is proud to offer its Members the opportunity
to support these worthwhile programs.

        Customer Service and Support

        In support of their members, the Company also provides an excellent
customer service department and high-quality site value. The Company believes
that the strength of its customer service and technical support operations is
critical to its success in attracting members, maintaining its membership base,
increasing membership and encouraging repeat usage. The Company has begun
establishing a team of customer service and technical support professionals who
will process inquiries and monitor the status of membership accounts and
advertisement packages. Members, Representatives and customers are able to
access customer service by e-mail, allowing the Company to better manage the
workload. The Company has entered into an agreement with a computer software
company, which will enhance and automate several of the e-mail response areas of
its customer service and technical support operations. Management feels this
will further reduce operating costs, enhance quality service and increase
profits by lowering overhead.



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        DISTRIBUTION METHODS OF THE PRODUCTS OR SERVICES

    Advertising Sale and Design

        A driving force of the Network Marketing Industry is "Word of Mouth"
advertising. The Company has sought to distinguish itself from its competition
through the creation of a unique Business Opportunity which provides Network
Marketers with a unique support system called the MLM World News Today, Inc.
"Business Toolbox." A Business Support System that is designed to build loyalty
for its Network Marketing Associates 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 "International Advertising" portal
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 target
marketing is a critical element for capturing Network Marketing advertising
budgets over 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 members.

        It is important to note here that the demographic and marketing
information collected at the Web Site is used exclusively by MLM World News
Today, Inc. The Company does not sell, give out, or share this information with
anyone outside of the organization. The Company feels it is crucial to the open
flow of information that they maintain integrity in providing services to their
members.

        While the Company's competition generally provides banner advertising as
a primary delivery system, the Company plans to offer a more sophisticated
environment in which to promote a vast assortment of advertising options to its
clients. This Company is confident this will allow them to take greater
advantage of the Company's unique relationship with its users and rapidly
growing membership base. In addition to direct response indicators like
"click-through," the Company plans to specialize in providing innovative and
aggressive "Business Support Systems," and a number of "branding" and "beyond
the banner" sponsorship packages for its advertisers. A key factor both in
advertising revenues and Membership generation is opt-in direct marketing/lead
generation, e-mail sponsorship, 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 Members, Representatives or customers have devoted a significant portion
of their budgets to Internet-based advertising in the past. In order for the
Company to generate advertising revenues, Representatives are required to direct
a portion of their Network Marketing advertising budgets to the "International
Classified" advertising portal, as a requisite for earnings within the "Business
Opportunity" compensation plan. This is expected to increase readership as well
as Company revenues.

        Status of Any Announced New Product or Service

        The Company has announced several recent additions to its existing line
of products and services. On March 13, 2000,James C. Frans, President/CEO of MLM
World News Today, Inc. announced that it's premier Internet portal
www.mlmwnt.com was up and running and accepting members. This compelling Web
Site is a FREE to subscribe real-time global news and information source
focusing on providing coverage of breaking news, scheduled events, in-depth
analysis, editorial content and original reporting related to the
Multi-Level-Marketing, Direct Sales and Network Marketing Business worldwide.

        On September 26, 2000, MLM World News Today, Inc. announced the
Pre-launch of Tier II of Business Model, which focuses on a new concept of
cooperation, unity and support for the entire Multi-level Marketing Industry.
This "Business Opportunity" provides multiple areas of support for all Net
workers, from the novice to the world class professional. By participating in
this program, a Representative can build security through diversification. By
duplicating their primary efforts they can actually build another weekly revenue
stream to support themselves during the inevitable financial ups and downs so
prevalent in the MLM Industry. Tier II will begin generating revenues for
Representatives, and the Company as well.



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        Industry Background

        The Company believes that a significant opportunity exists to provide
Internet content and "Business Support," related to the Network Marketing
Industry. Growing use of the Internet and the World Wide Web (the "Web") has
created opportunities for content providers and their 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 propagate
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
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 has become a compelling means to advertise and market
products and services. The Company believes that the market for content relating
to Network Marketing 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 $6 billion
by the year 2001.

        The advertising model that is emerging on the Internet is similar to the
model prevalent in print and television media. The Company believes that the
opportunities for Internet content providers to generate advertising revenues
are growing due to increasing Internet usage by Network Marketing Entrepreneurs
and the growing recognition by these professionals of the potential advantages
of Internet-based advertising over advertising in traditional media.

        Marketing Opportunities on the Internet

        The Internet offers a significant new opportunity for the Network
Marketer 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 on-line Network Marketing content provider and
original source for Marketing Support to the Network Marketing Industry and thus
does not use raw materials or have 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



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companies. The Company reaches these customers via network marketing, direct
mail, telemarketing, seminars, trade shows, the Internet, word-of-mouth and the
referral process.

        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 proprietary rights. The Company relies 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. In addition, the Company relies
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 relies 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 there under will provide a competitive
advantage for the Company. In addition, the Company relies 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.



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    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 other related domains. There can be
no assurance that third parties will not bring claims for infringement against
the Company for the use of these trademarks. 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.

        The Company currently owns, and as such, has proprietary rights to over
30 Domain Names, including, but not limited to www.mlmwnt.com, and
www.mlmsinvestor.com. As the Company gains greater



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<PAGE>   10

acceptance and establishes greater "Member Loyalty," Management feels that these
domain names will increase in value. Management feels that registering these
Domain names at various search engines will act as a magnet to further draw
members and potential customers and representatives to the Web Site.

    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 affiliates 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 (8) full time employees. 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.

        The Company also has Agreements with several Independent Contractors who
are engaged in the Development, Management, and Promotion of the Company's
business. In addition, the Company has entered into performance-based contracts
with 60 Network Marketing Professionals whose primary assignment is to promote
and market the Company's Business Opportunity and services.

        Risk Factors

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



                                       10
<PAGE>   11

        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.

        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.

        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



                                       11
<PAGE>   12

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 expected
to increase. Barriers to entry are relatively insubstantial and the Company may
face competitive pressures from many additional companies both in the United
States and abroad.

        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"), Angel fire Communications ("Angel fire"), 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 members include the amount of traffic at the Web site, brand
recognition, quality 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



                                       12
<PAGE>   13

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.

        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 primary Management team of James C. Frans, Paul Harbison and Robert
L. Schultz has remained intact over the past 12 months and provides the Company
with stability in its management philosophies and direction.

ITEM 2. 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.

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

        On October 18, 2000, the 1999 Annual Meeting of Shareholders was held at
the Company's offices at 3633 Camino Del Rio, South Suite 107, San Diego, CA
92108. In attendance were: James C. Frans, Chief Executive Officer and Chairman
of the Board, Paul Harbison, President and Treasurer, and Robert Schultz, Chief
Operating Officer and Secretary. The purpose of the meeting as indicated in the
proxy and the results were as follows:



                                       13
<PAGE>   14

Proposal No. 1 - Election of Directors

<TABLE>
<CAPTION>
Name                                      For         Against         Abstain
======================             ===========     ==========       =========
<S>                                <C>             <C>              <C>
James C. Frans                     11,431,484             400           6,000
Paul Harbison                      11,431,884              --           6,000
Robert L. Schultz                  11,431,484             400           6,000
</TABLE>

Proposal No. 2 - To increase authorized shares of common stock

<TABLE>
<CAPTION>
                                          For         Against         Abstain
                                   ==========      ==========        ========
<S>                                <C>             <C>               <C>
                                   11,418,884          17,000           2,000
</TABLE>

Proposal No. 3 - Ratification of Appointment of independent Auditors

<TABLE>
<CAPTION>
Name                                      For         Against         Abstain
======================             ==========       =========       =========
<S>                                <C>              <C>             <C>
HJ & Associates, L.L.C.            11,423,884          12,000           2,000
</TABLE>

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS

        Market Information.

        On November 10, 1999, the Company's Common Stock began trading on the
OTC Electronic Bulletin sponsored by the National Association of Securities
Dealers (NASD) under the symbol "MLMS". The following table sets forth the high
and low closing sales prices for the Common Stock for each quarterly period
within the Company's most recent fiscal year on the OTC Electronic Bulletin
Board.

<TABLE>
<CAPTION>
      Fiscal 1999            High            Low
-----------------------------------------------------
<S>                         <C>            <C>
December 31,                $0.8100        $0.1250
</TABLE>

<TABLE>
Fiscal 2000                  High            Low
-----------------------------------------------------
<S>                         <C>            <C>
March 31,                   $0.6875        $0.1250
June 30,                    $0.4375        $0.1250
September 30,               $0.7500        $0.0625
December 31,                $0.3750        $0.0625
</TABLE>

        Holders.

        As of December 31, 2000, the were approximately 193 holders of record of
the Company's Common Stock. The Board of Directors believes the number of
beneficial owners is greater than the number of record holders because a portion
of the Company's outstanding Common Stock is held of record in broker "Street
names" for the benefit of individual investors.



                                       14
<PAGE>   15

        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 2000, due to the Company's limited cash reserves, the Company
issued 2,437,700 restricted shares of its Common Stock when the market prices
ranging from $.08 to $.10 per share to its employees and consultants for various
services received. Charges to expense attributable to consulting and to employee
compensation arising from these issuances amount to $215,270.00.

        During the year ended December 31, 2000, the Company sold or completed
the sales of 5,879,000 restricted shares of its Common Stock when the market
prices ranging from $.054 to $.10 per shares to private investors and received
proceeds of $455,374.00.

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

        The following selected financial data should be read in conjunction with
the more detailed financial statements, related notes and other financial
information included herein.

<TABLE>
<CAPTION>
                                       As of and for the
                                    Years Ended December 31
                                   -------------------------
                                      2000            1999
                                   ---------       ---------
<S>                                <C>             <C>
Operating Data:
Net Sales                          $ 133,963       $      --
Cost of Sales                         14,563
Operating and Others Expenses        775,864       $ 104,533
                                   ---------       ---------
Net Loss                           $(656,464)      $(104,533)
                                   =========       =========
Balance Shhet Data:
Current Assets                        83,183
Total Assets                         199,559
                                   =========
Current Liabilities                  235,358
Total Liabilities                    235,358
Working Capital                      (35,799)
Stockholders' Equity                 199,559
                                   =========
</TABLE>



                                       15
<PAGE>   16

        Results of Operations

        The Company's revenues for the year ended December 31, 2000 consisted of
$133,963.00. The Company's total net sales for the year ended December 31, 2000
increased 100% over the Company's net sales for year ended December 31, 1999 of
$0.00. These revenues were primarily generated from the purchase by Company
Representatives of the "Representative Support Package."

        The Company had a net loss of $656,464 for the year ended December 31,
2000 compared to the Company's net loss of $ 104,533 for the year ended December
31, 1999. The increased in net loss for 2000 was primarily due to stock payment
to certain employees and consultants and the Company continued effort on a
Global Business Strategy with strategic priorities to increase perceived value
in it's products and services, to drive revenue growth and expand its customer
base around the world by building on the Company's strength as a marketer and a
leading provider of useful news and information, as well as a decrease in
operating expenses.

        As of December 31, 2000, the Company has a working capitals of
($152,175.00)

        During the year ended December 31, 2000, the Company funded its
operating losses with advances from related parties, by selling shares of its
common stock to various investors and issuing common stock for services.

        The Company does not have any available credit, banking financing or
other external sources of liquidity. Due to its historical operating losses, the
Company's operations have not been a source of liquidity. In order to obtain
capital and be able to continue as a going concern, the Company may need to sell
additional shares of its common stock or borrow funds from private lenders
and/or related parties.

        During 2000, the Company continued to develop and improve its business.
Our business strategy includes, but is not limited to, plans to accelerate
growth in our core news and information service and expand the components of our
"Business Toolbox." Building market share, upgrading our image as a provider of
factual worldwide News and information and new product innovation; building a
global portfolio of useful Business Support utensils; developing innovative
programs to train, motivate and retain Representatives; exploiting sales
opportunities; and developing new businesses are management goals. The Company
expects that they can continue to provide the resources to fund these strategic
growth initiatives, which they feel, will contribute to earnings growth.

         Investing in infrastructure enhancements, product development,
innovation and advertising are key components in building a global image and
reaching its identified niche market. Much of the Company's strategic spending
centered on the launch and enhancements to its first-ever global Web Site for
the Network Marketing Industry. This massive Web site launched March 17, 2000
and has been in a constant state of enhancement throughout the year. In 2000,
the Company also committed considerable resources in up grading it's Web servers
hardware to better support its members needs.

        In January, 2000 the Company entered into an agreement with ISP Power,
for the licensing of "Prism," a billing software program. This state-of-the art
system will allow the Company to control the customer billing process as well as
perform online paperless billing. To conserve capital, the Company negotiated a
trade of 125,00 shares of restricted common stock for the use of this program.

        In April 2000, the company entered into an agreement with Vstore, a
private branded e-commerce mall. This "MLMALL" was added to the Company's
primary Web Site as a source of additional revenue. To date, commissions have
been negligible. Revenues from this source are expected to grow as Web site
traffic increases.

        The Company also implemented a Representative development strategy in
2000. This strategy focuses on the professional training and development of
Representatives through the "Representative Support Package, called "Business
Toolbox which gives Representatives the most extensive Network Marketing
training and support ever offered by any MLM Company. In September 2000, the
Company announced to its Members the Pre-Launch of the "Business Opportunity."
This program features a full line of "Business Tools" designed to help
Representatives build their own business by enabling them to advertise and
promote any product, service or any



                                       16
<PAGE>   17

business opportunity online through their own personalized "International
Classified Advertisements." At the same time, Representatives have the advantage
of business-to-business capabilities that connect them seamlessly to the
company's on-line application and marketing systems.

        Additionally, in the fourth quarter of 2000, the Company significantly
expanded its Internet technology capability by installing several powerful new
web servers. This allowed for the development of several new features at the
main site as well as a new "Investors" web site at www.mlmsinvestor.com.

        Early in 2001, the Company launched its Investor web site and has begun
designing several upgrades to its global "Business Toolbox," products. The
Company also plans to launch a massive "Informational Campaign," to reach Net
workers around the world.

Network Marketing Contemporization

        The Company continues to modernize its Network Marketing channels and
Members experience, enabling it to reach them more quickly and efficiently by
offering a professionally designed Representatives Business support system,
training packages, enhanced earnings opportunities and career options. In 2000,
the Company rolled out a global Regional Sales Director program in several of
its target markets around the world. The Regional Sales Director program is an
enhancement to the "Business Opportunity" which gives Representatives the
ability to earn commissions on their own sales, as well as from downstream sales
of Representatives they recruit. This program expands the earnings potential and
by providing these individuals the ability to earn shares of Company Common
stock based on their performance.



                                       17
<PAGE>   18

ITEM 7. FINANCIAL STATEMENTS


                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)

                              FINANCIAL STATEMENTS



                                 C O N T E N T S

<TABLE>
<S>                                                                                       <C>
Independent Auditors' Report...............................................................19

Balance Sheet..............................................................................20

Statements of Operations...................................................................21

Statements of Stockholders' Equity (Deficit)...............................................22

Statements of Cash Flows...................................................................26

Notes to Financial Statements............................................................. 28
</TABLE>



                                       18
<PAGE>   19

                          INDEPENDENT AUDITORS' REPORT


To the Stockholders of
MLM World News Today, Inc.
(Formerly Global-Link Enterprises, Inc.)
San Diego, California


We have audited the accompanying balance sheet of MLM World News Today, Inc.
(formerly Global-Link Enterprises, Inc.) as of December 31, 2000 and the related
statements of operations, stockholders' equity (deficit) and cash flows for the
years ended December 31, 2000 and 1999 and from inception on November 20, 1998
through December 31, 2000. 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 MLM World News Today, Inc.
(formerly Global-Link Enterprises, Inc.) as of December 31, 2000 and the results
of its operations and its cash flows for the years ended December 31, 2000 and
1999 and from inception on November 20, 1998 through December 31, 2000 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 has incurred significant losses and has a
working capital deficit of $217,712, which together 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.



HJ & Associates, LLC
Salt Lake City, Utah
April 4, 2001



                                       19
<PAGE>   20

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                                  Balance Sheet

                                     ASSETS

<TABLE>
<CAPTION>
                                                                    December 31,
                                                                            2000
                                                                    ------------
<S>                                                                 <C>
CURRENT ASSETS
  Cash                                                                 $   2,826
  Inventory                                                               14,820
                                                                       ---------
    Total Current Assets                                                  17,646
                                                                       ---------
PROPERTY AND EQUIPMENT, NET (Note 7)                                      83,183
                                                                       ---------
OTHER ASSETS
  Website, net (Note 6)                                                   97,455
  Deposits                                                                   275
  Travel advance                                                           1,000
                                                                       ---------
    Total Other Assets                                                    98,730
                                                                       ---------
    TOTAL ASSETS                                                       $ 199,559
                                                                       =========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Bank overdraft                                                       $   4,757
  Accounts payable                                                        40,830
  Accrued liabilities                                                     43,041
  Notes payable - related parties (Notes 4 and 5)                        146,730
                                                                       ---------
    Total Current Liabilities                                            235,358
                                                                       ---------
    Total Liabilities                                                    235,358
                                                                       ---------

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, 100,000,000 shares authorized;
   19,585,207 shares issued and outstanding                               19,585
  Additional paid-in capital                                             705,684
  Deficit accumulated during the development stage                      (761,068)
                                                                       ---------
    Total Stockholders' Equity (Deficit)                                 (35,799)
                                                                       ---------
    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)               $ 199,559
                                                                       =========
</TABLE>



                                       20
<PAGE>   21

MLM WORLD NEWS TODAY, INC.
(Formerly Global-Link Enterprises, Inc.)
Statements of Operations


<TABLE>
<CAPTION>
                                    For the Years End December 31,
                                    ------------------------------
                                         2000            1999
                                    ------------     -------------
<S>                                 <C>              <C>
REVENUES                            $    133,963     $         --
COST OF GOODS SOLD                        14,563               --
                                    ------------     ------------
GROSS PROFIT                             119,400               --
                                    ------------     ------------
OPERATING EXPENSES
  General and administrative             781,502          138,082
  Depreciation and amortization           15,789              279
                                    ------------     ------------
    Total Operating Expenses             797,291          138,361
                                    ------------     ------------
OTHER INCOME (EXPENSE)
  Interest expense                       (17,113)          (1,159)
  Rent income                             38,424           34,987
  Other income                               116               --
                                    ------------     ------------
    Total Other Income (Expense)          21,427           33,828
                                    ------------     ------------
LOSS FROM OPERATIONS                    (656,464)        (104,533)
    INCOME TAX EXPENSE                        --               --
                                    ------------     ------------
NET LOSS                            $   (656,464)    $   (104,533)
                                    ============     ============
BASIC AND DILUTED LOSS PER SHARE    $      (0.05)    $      (0.01)
                                    ============     ============
WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                   12,675,388       11,159,540
                                    ============     ============
</TABLE>



                                       21
<PAGE>   22

MLM WORLD NEWS TODAY, INC.
(Formerly Global-Link Enterprises, Inc.)
Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>

                                                                                Deficit
                                                                              Accumulated
                                          Common Stock           Additional    During the
                                    --------------------------    Paid-in     Development
                                      Shares         Amount       Capital        Stage
                                    -----------------------------------------------------
<S>                                 <C>           <C>           <C>           <C>
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            --

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            --
                                    ----------    ----------    ----------    ----------
Balance forward                     11,258,644    $   11,259    $   51,873    $      (71)
                                    ----------    ----------    ----------    ----------
</TABLE>



                                       22
<PAGE>   23

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
            Statements of Stockholders' Equity (Deficit) (Continued)

<TABLE>
<CAPTION>

                                                                                        Deficit
                                                                                      Accumulated
                                              Common Stock            Additional       During the
                                      ----------------------------     Paid-in        Development
                                        Shares           Amount        Capital           Stage
                                      -----------------------------------------------------------
<S>                                   <C>             <C>             <C>             <C>
Balance forward                       11,258,644      $   11,259      $   51,873      $      (71)

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)

Issuance of common stock
 for cash at $0.01 per share
 - January 15, 2000                      100,000             100             900              --

Issuance of common stock
 for services at $0.08 per share
 - August 10, 2000                       425,000             425          33,575              --

Issuance of common stock
 for services at $0.08 per share
 - September 11, 2000                  1,000,000           1,000          79,000              --

Issuance of common stock
 for cash at $0.10 per share
 - September 15, 2000                  1,110,000           1,110         109,890              --

Issuance of common stock
 for cash at $0.10 per share
 - September 18, 2000                    150,000             150          14,850              --

Issuance of common stock
 for cash at $0.10 per share
 - September 19, 2000                    320,000             320          31,680              --

Issuance of common stock
 for cash at $0.10 per share
 - September 26, 2000                     60,000              60           5,940              --

Issuance of common stock
 for cash at $0.10 per share
 - September 27, 2000                     50,000              50           4,950              --

Issuance of common stock
 for cash at $0.10 per share
 - October 17, 2000                       50,000              50           4,950              --
                                      ----------      ----------      ----------      ----------
Balance Forward                       14,533,507      $   14,534      $  338,092      $ (104,604)
                                      ----------      ----------      ----------      ----------
</TABLE>



                                       23
<PAGE>   24

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
            Statements of Stockholders' Equity (Deficit) (Continued)

<TABLE>
<CAPTION>

                                                                                       Deficit
                                                                                     Accumulated
                                              Common Stock            Additional      During the
                                      ---------------------------      Paid-in        Development
                                        Shares           Amount        Capital          Stage
                                      -----------------------------------------------------------
<S>                                   <C>             <C>             <C>             <C>
Balance Forward                       14,533,507      $   14,534      $  338,092      $ (104,604)

Issuance of common stock
 for services at $0.10 per share
 - October 19, 2000                    1,012,700           1,013         100,257              --

Issuance of common stock
 for cash at $0.10 per share
 - October 24, 2000                      100,000             100           9,900              --

Issuance of common stock
 for cash at $0.10 per share
 - October 31, 2000                      100,000             100           9,900              --

Issuance of common stock
 for cash at $0.10 per share
 - November 1, 2000                      250,000             250          24,750              --

Issuance of common stock
 for cash at $0.10 per share
 - November 2, 2000                       50,000              50           4,950              --

Issuance of common stock
 for cash at $0.10 per share
 - November 3, 2000                       16,000              16           1,584              --

Issuance of common stock
 for services at $0.10 per share
 - November 8, 2000                       78,500              79           7,771              --

Issuance of common stock
 for cash at $0.10 per share
 - November 21, 2000                     130,000             130          12,870              --

Issuance of common stock
 for cash at $0.10 per share
 - November 24, 2000                      30,000              30           2,970              --

Issuance of common stock
 for cash at $0.10 per share
 - November 27, 2000                      50,000              50           4,950              --

Issuance of common stock
 for cash at $0.10 per share
 - December 1, 2000                      190,000             190          18,810              --

Issuance of common stock
 for cash at $0.10 per share
 - December 4, 2000                      110,000             110          10,890              --
                                      ----------      ----------      ----------      ----------
Balance Forward                       16,650,707      $   16,652      $  547,694      $ (104,604)
                                      ----------      ----------      ----------      ----------
</TABLE>



                                       24
<PAGE>   25

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
            Statements of Stockholders' Equity (Deficit) (Continued)

<TABLE>
<CAPTION>

                                                                                         Deficit
                                                                                       Accumulated
                                               Common Stock            Additional       During the
                                       ---------------------------       Paid-in       Development
                                         Shares           Amount         Capital          Stage
                                       -----------------------------------------------------------
<S>                                    <C>             <C>             <C>             <C>
Balance Forward                        16,650,707      $   16,652      $  547,694      $ (104,604)

Issuance of common stock
 for cash at $0.10 per share
 - December 5, 2000                        10,000              10             990              --

Issuance of common stock
 for cash at $0.10 per share
 - December 15, 2000                       43,500              43           4,306              --

Issuance of common stock
 for cash at $0.054 per share
 - December 20, 2000                       20,000              20           1,060              --

Issuance of common stock
 for cash at $0.054 per share
 - December 21, 2000                       20,000              20           1,060              --

Issuance of common stock
 for cash at $0.054 per share
 - December 26, 2000                       26,000              25           1,379              --

Issuance of common stock
 for cash at $0.054 per share
 - December 27, 2000                       90,000              90           4,770              --

Issuance of common stock
 for cash at $0.054 per share
 - December 28, 2000                        5,000               5             265              --

Issuance of common stock
 for services at $0.054 per share
 - December 30, 2000                    2,720,000           2,720         144,160              --

Net loss for the  year ended
 December 31, 2000                             --              --              --        (656,464)
                                       ----------      ----------      ----------      ----------
Balance, December 31, 2000             19,585,207      $   19,585      $  705,684      $ (761,068)
                                       ==========      ==========      ==========      ==========
</TABLE>



                                       25
<PAGE>   26

MLM WORLD NEWS TODAY, INC.
(Formerly Global-Link Enterprises, Inc.)
Statements of Cash Flows


<TABLE>
<CAPTION>
                                                             For the Years Ended
                                                                 December 31
                                                          -------------------------
                                                             2000            1999
                                                          ---------       ---------
<S>                                                       <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss)                                              $(656,464)      $(104,533)
  Adjustments to reconcile net (loss) to net cash
    used in operating activities:
    Depreciation and amortization                            15,789             279
    Stock issued for services                               370,000          26,846
  Changes in operating assets and liabilities:
    (Increase) decrease in lease payments receivable             --          (7,913)
    (Increase) decrease in other assets                      (4,621)         (6,387)
    Increase (decrease) in accounts payable                 (14,356)         44,686
    Increase (decrease) in accrued interest                   2,582           1,106
    Increase (decrease) in lease deposit payable             (3,957)          3,957
    Increase (decrease) in payroll liabilities               39,353              --
                                                          ---------       ---------
      Net Cash (Used) by Operating Activities              (251,674)        (41,959)
                                                          ---------       ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment                        (89,572)         (1,500)
  Website development costs incurred                        (56,884)        (23,250)
                                                          ---------       ---------
      Net Cash (Used) by Investing Activities              (146,456)        (24,750)
                                                          ---------       ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase (decrease) in cash overdraft                       1,260           3,497
  Proceeds from the issuance of notes payable                11,885          33,715
  Proceeds from the issuance of notes payable
   - related party                                          330,623           9,656
  Payments on notes payable                                  (2,902)             --
  Payments on notes payable - related party                (231,553)         (2,544)
  Common stock issued for cash                              291,643          20,680
                                                          ---------       ---------
      Net Cash Provided by Financing Activities             400,956          65,004
                                                          ---------       ---------
NET INCREASE (DECREASE) IN CASH                               2,826          (1,705)
CASH AT BEGINNING OF PERIOD                                      --           1,705
                                                          ---------       ---------
CASH AT END OF PERIOD                                     $   2,826       $      --
                                                          =========       =========
</TABLE>



                                       26
<PAGE>   27

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                      Statements of Cash Flows (Continued)


<TABLE>
<CAPTION>

                                          For the Years Ended
                                             December 31,
                                        ----------------------
                                          2000          1999
                                        --------      --------
<S>                                     <C>           <C>
CASH PAID FOR:
  Interest expense                      $ 13,474      $     55
  Income taxes                          $     --      $     --
SUPPLEMENTAL SCHEDULE OF NON-CASH
 FINANCING ACTIVITIES
  Common stock issued for services      $370,000      $ 26,846
</TABLE>



                                       27
<PAGE>   28

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)

                        Notes to the Financial Statements
                           December 31, 2000 and 1999

NOTE 1 -   NATURE OF ORGANIZATION

           The financial statements presented are those of MLM World News Today,
           Inc. (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. The Company was considered a
           development stage company until 2000 when it substantially began
           operations.

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,
                                                    -------------------------------
                                                        2000               1999
                                                    ------------       ------------
           <S>                                      <C>                <C>
           Net (loss) (numerator)                   $   (656,464)      $   (104,533)

           Weighted average shares outstanding
            (denominator)                             12,675,388         11,159,540
                                                    ------------       ------------

           Basic loss per share                     $      (0.05)      $      (0.01)
                                                    ============       ============
           </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>   29

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999


NOTE 2 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           e.  Revenue Recognition Policy

           The Company recognizes revenue when services are performed or
           products are delivered.

           f.  Income Taxes

           At December 31, 2000, the Company had net operating loss
           carryforwards of approximately $752,510 that may be offset against
           future taxable income through 2020. No tax benefit has been reported
           in the consolidated financial statements as the Company believes that
           the carryforwards will expire unused. Accordingly, the potential tax
           benefits of the net operating loss carryforwards are offset by a
           valuation allowance of the same amount.

           The income tax benefit differs from the amount computed at federal
           statutory rates of approximately 38% as follows:

           <TABLE>
           <CAPTION>
                                                        For the Years Ended
                                                            December 31,
                                                     -------------------------
                                                       2000             1999
                                                     ---------       ---------
           <S>                                       <C>             <C>
           Income tax benefit at statutory rate      $ 249,456       $  39,723
           Change in valuation allowance              (249,456)        (39,723
                                                     ---------       ---------
                                                     $
                                                     ---------       ---------
           </TABLE>

           Deferred tax assets (liabilities) are comprised of the following:

           <TABLE>
           <CAPTION>
                                                        For the Years Ended
                                                            December 31,
                                                     -------------------------
                                                        2000            1999
                                                     ---------       ---------
           <S>                                       <C>             <C>
           Income tax benefit at statutory rate      $ 289,206       $  39,750
           Change in valuation allowance              (289,206)        (39,750)
                                                     ---------       ---------
                                                     $
                                                     ---------       ---------
           </TABLE>

           Due to the change in ownership provisions of the Tax Reform Act of
           1986, net operating loss carryforwards for Federal income tax
           reporting purposes are subject to annual limitations. Should a change
           in ownership occur, net operating loss carryforwards may be limited
           as to use in future years.



                                       29
<PAGE>   30

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999


NOTE 2 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           g.  Inventory

           Inventory consists of finished goods recorded at the lower of cost or
           market on a first in, first out basis.

           h.  New Accounting Pronouncements

           The Company has adopted the provisions of FASB Statement No. 138
           "Accounting for Certain Derivative Instruments and Hedging
           Activities, (an amendment of FASB Statement No. 133.)" Because the
           Company had adopted the provisions of FASB Statement No. 133, prior
           to June 15, 2000, this statement is effective for all fiscal quarters
           beginning after June 15, 2000. The adoption of this principal had no
           material effect on the Company's consolidated financial statements.

           The Company has adopted the provisions of FASB Statement No. 140
           "Accounting for Transfers and Servicing of Financial Assets and
           Extinguishments of Liabilities (a replacement of FASB Statement No.
           125.)" This statement provides accounting and reporting standard for
           transfers and servicing of financial assets and extinguishments of
           liabilities. Those standards are based on consistent application of a
           financial-components approach that focuses on control. Under that
           approach, the transfer of financial assets, the Company recognized
           the financial and servicing assets it controls and the liabilities it
           has incurred, derecognizes financial assets when control has been
           surrendered, and derecognizes liabilities when extinguished. This
           statement provides consistent standards for distinguishing transfers
           of financial assets that are sales from transfers that are secured
           borrowings. This statement is effective for transfers and servicing
           of financial assets and extinguishments of liabilities occurring
           after March 31, 2001. This statement is effective for recognition and
           reclassification of collateral and for disclosures relating to
           securitization transactions and collateral for fiscal years ending
           after December 15, 2000. The adoption of this principal had no
           material effect on the Company's consolidated financial statements.

           The Company has adopted the provisions of FIN 44 "Accounting for
           Certain Transactions Involving Stock Compensation (an interpretation
           of APB Opinion No. 25.)" This interpretation is effective July 1,
           2000. FIN 44 clarifies the application of Opinion No. 25 for only
           certain issues. It does not address any issues related to the
           application of the fair value method in Statement No. 123. Among
           other issues, FIN 44 clarifies the definition of employee for
           purposes of applying Opinion 25, the criteria for determining whether
           a plan qualifies as a noncompensatory plan, the accounting
           consequence of various modifications to the terms of a previously
           fixed stock option or award, and accounting for an exchange of stock
           compensation awards in a business combination. The adoption of this
           principal had no material effect on the Company's consolidated
           financial statements.



                                       30
<PAGE>   31

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

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. The Company projects substantial increases in first year
           revenues as a result of the expansion of its operations into Japan
           and the launch of Tier II of its business model. It is the intent of
           the Company to seek additional working capital for the Company
           through the issuance of its common stock, however, there can be no
           assurance that the Company will be able to meet its financial goals.

           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.

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. The balance due was paid in
           full during 2000.

           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 2000, an additional $330,624 was loaned to the Company. At
           December 31, 2000, the unpaid principal balance was $104,032.
           Interest expense amounted to $12,484 at December 31, 2000.

           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. The balance due was
           paid in full during 2000.

           During 2000 and 1999, the Company paid $31,200 and $17,260,
           respectively, in consulting fees to related parties.



                                       31
<PAGE>   32

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999


NOTE 4 -   RELATED PARTY TRANSACTIONS (Continued)

           During 2000 and 1999, the Company paid $32,142 and $31,153,
           respectively, in rent to a related party for its office space.

           During 2000 and 1999, the Company subleased two properties to related
           parties. The Company recorded $38,424 and 34,987, respectively, in
           rent income for the year (see Note 10). The lease was transferred to
           the lessor on June 30, 2000.

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. During 2000, an additional $11,885 was borrowed. At
           December 31, 2000, the unpaid principal balance was $42,698. Interest
           expense amounted to $4,629 at December 31, 2000.

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 website is amortized over a period of 60
           months, beginning March 1, 2000 on the straight-line basis:

                    <TABLE>
                    <CAPTION>
                                      December 31,
                                          2000
                                      ------------
                    <S>               <C>
                    Website           $ 105,634
                    Amortization         (8,179)
                                      ---------
                                      $  97,455
                                      =========
                    </TABLE>

           Amortization for the years ended December 31, 2000 and 1999 was
           $8,179 and $-0-, respectively.

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, 2000:



                                       32
<PAGE>   33

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

NOTE 7 -   PROPERTY AND EQUIPMENT (Continued)

           <TABLE>
           <CAPTION>
                                                            December 31,
                                                               2000
                                                            ------------
           <S>                                               <C>
           Office equipment                                  $ 21,724
           Accumulated depreciation - office equipment         (1,205)
           Software                                            25,509
           Accumulated depreciation - software                 (3,638)
           Computer equipment                                  43,839
           Accumulated depreciation- computer equipment        (3,046)
                                                             --------
                                                             $ 83,183
                                                             --------
           </TABLE>

           Depreciation expense for the years ended December 31, 2000 and 1999
           was $7,610 and $279, respectively.

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).



                                       33
<PAGE>   34

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

NOTE 8 -   ISSUANCE OF STOCK (Continued)

           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).

           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)

           During January 2000, the Company issued 100,000 shares of its
           previously authorized but unissued common stock for cash of $1,000 or
           (0.01 per share).

           During August 2000, the Company issued 425,000 shares of its
           previously authorized but unissued common stock for services of
           $34,000 or (0.08 per share).

           During September 2000, the Company issued 1,000,000 shares of its
           previously authorized but unissued common stock for services of
           $80,000,000 or (0.08 per share).

           During September 2000, the Company issued 1,110,000 shares of its
           previously authorized but unissued common stock for cash of $111,000
           or (0.10 per share).

           During September 2000, the Company issued 150,000 shares of its
           previously authorized but unissued common stock for cash of $15,000
           or (0.10 per share).

           During September 2000, the Company issued 320,000 shares of its
           previously authorized but unissued common stock for cash of $32,000
           or (0.10 per share).

           During September 2000, the Company issued 60,000 shares of its
           previously authorized but unissued common stock for cash of $6,000 or
           (0.10 per share).

           During September 2000, the Company issued 50,000 shares of its
           previously authorized but unissued common stock for cash of $5,000 or
           (0.10 per share).



                                       34
<PAGE>   35

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

NOTE 8 -   ISSUANCE OF STOCK (Continued)

           During October 2000, the Company issued 50,000 shares of its
           previously authorized but unissued common stock for cash of $5,000 or
           (0.10 per share).

           During October 2000, the Company issued 1,012,700 shares of its
           previously authorized but unissued common stock for services of
           $101,270 or (0.10 per share).

           During October 2000, the Company issued 100,000 shares of its
           previously authorized but unissued common stock for cash of $10,000
           or (0.10 per share).

           During October 2000, the Company issued 100,000 shares of its
           previously authorized but unissued common stock for cash of $10,000
           or (0.10 per share).

           During November 2000, the Company issued 250,000 shares of its
           previously authorized but unissued common stock for cash of $25,000
           or (0.10 per share).

           During November 2000, the Company issued 50,000 shares of its
           previously authorized but unissued common stock for cash of $5,000 or
           (0.10 per share).

           During November 2000, the Company issued 16,000 shares of its
           previously authorized but unissued common stock for cash of $1,600 or
           (0.10 per share).

           During November 2000, the Company issued 78,500 shares of its
           previously authorized but unissued common stock for services of
           $7,850 or (0.10 per share).

           During November 2000, the Company issued 130,000 shares of its
           previously authorized but unissued common stock for cash of $13,000
           or (0.10 per share).

           During November 2000, the Company issued 30,000 shares of its
           previously authorized but unissued common stock for cash of $3,000 or
           (0.10 per share).

           During November 2000, the Company issued 50,000 shares of its
           previously authorized but unissued common stock for cash of $5,000 or
           (0.10 per share).

           During December 2000, the Company issued 190,000 shares of its
           previously authorized but unissued common stock for cash of $19,000
           or (0.10 per share).

           During December 2000, the Company issued 110,000 shares of its
           previously authorized but unissued common stock for cash of $11,000
           or (0.10 per share).

           During December 2000, the Company issued 10,000 shares of its
           previously authorized but unissued common stock for cash of $1,000 or
           (0.10 per share).

           During December 2000, the Company issued 43,500 shares of its
           previously authorized but unissued common stock for cash of $4,350 or
           (0.10 per share).



                                       35
<PAGE>   36

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

NOTE 8 -   ISSUANCE OF STOCK (Continued)

           During December 2000, the Company issued 20,000 shares of its
           previously authorized but unissued common stock for cash of $1,080 or
           (0.054 per share).

           During December 2000, the Company issued 20,000 shares of its
           previously authorized but unissued common stock for cash of $1,080 or
           (0.054 per share).

           During December 2000, the Company issued 26,000 shares of its
           previously authorized but unissued common stock for cash of $1,404 or
           (0.054 per share).

           During December 2000, the Company issued 90,000 shares of its
           previously authorized but unissued common stock for cash of $4,860 or
           (0.054 per share).

           During December 2000, the Company issued 5,000 shares of its
           previously authorized but unissued common stock for cash of $270 or
           (0.054 per share).

           During December 2000, the Company issued 2,720,000 shares of its
           previously authorized but unissued common stock for services of
           $146,880 or (0.054 per share).

NOTE 9 -   COMMITMENTS AND CONTINGENCIES

            During November 1999, the Company entered into an agreement for
            website 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 $12,500 toward this contract as of December 31, 1999,
            and negotiated to pay the balance in 2000. The balance of $12,500
            was paid during 2000 upon completion of the project.

NOTE 10 -   LEASE COMMITMENT AND TOTAL RENTAL EXPENSE

            During 1999, the Company 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 subleased a portion of the building to a 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. On June 30, 2000,
            the Company was released from this lease obligation and transferred
            this lease back to the leasor.

            The total rental expense included in the income statement for the
            year ended December 31, 2000 is $23,844 and the net rental expense,
            after deducting rental income of $23,844 from subleases is $0.



                                       36
<PAGE>   37

                           MLM WORLD NEWS TODAY, INC.
                    (Formerly Global-Link Enterprises, Inc.)
                        Notes to the Financial Statements
                           December 31, 2000 and 1999

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

            During 1999, the Company 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 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. On June 30, 2000, the Company was released from
            this lease obligation and transferred this lease back to the lessor.

            The total rental expense included in the income statement for the
            year ended December 31, 2000 is $14,580 and the net rental expense,
            after deducting rental income of $14,580 from subleases is $-0-.

NOTE 11 -   SUBSEQUENT EVENTS

            During February 2001, the Company engaged PMR and Associates, LLC to
            support the Company's business development and investor relation's
            needs.

            During February 2001, the Company entered into an agreement with
            EDUCO International Associates to provide business development and
            cultural integration into the Japanese market.

            During February 2001, the company authorized the issuance of 100,000
            shares of its previously authorized but unissued common stock for
            services for $10,000 (or $0.10 per share).

            During February 2001, the Company granted 900,000 options for
            services at $0.25 per share with an expiration date of February 5,
            2002.

            During February 2001, the Company authorized the issuance of
            1,500,000 shares of previously authorized but unissued common stock
            for services for $150,000 (or $0.10 per share).

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

        None



                                       37
<PAGE>   38

ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

        The flowing table sets forth certain information concerning each member
of the Company's Board of Directors as of December 31, 2000.

<TABLE>
<CAPTION>
----------------------------  -------  ------------  ------------------------------------
Name                             Age   Date Elected  Position
----------------------------  -------  ------------  ------------------------------------
<S>                               <C>  <C>           <C>
James C. Frans                    52      10/18/00   Chairman of the Board of Directors
                                                     and Chief Executive Officer

Paul Harbison                     37      10/18/00   Chief Financial Officer and Director

Robert L. Schultz                 60      10/18/00   Vice President, Chief Operating
                                                     Officer and Director
</TABLE>

        James C. Frans is a co-founder of our Company and has served as our
Chairman of the Board of Directors since the inception of the Company. From our
inception to present, Mr. Frans serves as its president and Chief Executive
Officer. Mr. Frans has more than 30 years experience in creating, building and
managing businesses, and professional sales organizations. His inherent ability
to define and focus on creative solutions and overcoming obstacles has proven
invaluable throughout his career. As such, Mr. Frans is no stranger to success.
During his early career, he honed his leadership skills, which quickly gained
him a reputation as a "can do" leader. This proved critical in building several
successful sales and marketing organizations.

Early in his career, Mr. Frans was introduced to Network Marketing where he
quickly recognized the potential for success in Multi-Level Marketing. Mr. Frans
embarked on building successful organizations with industry giants such as
NuSkin, Herbal Life and Excel Communications. It was during his involvement in
this environment that he became aware of the financial woes of countless
individuals, both in and out of the Industry.

Recognizing the public's need for assistance in securing a more stable future,
Mr. Frans co-founded Financial Help Centers, Inc. (FHCI). Under his tutelage,
this sales and marketing organization too, successfully expanded throughout
California. This company continues to grow today. The focus of the FHCI program
is designed to decrease debt, increase income and help members stabilize their
financial future. FHCI's unprecedented lifetime membership program, co-developed
by Mr. Frans, has helped thousands of individuals and families eliminate credit
and debt problems and regain their financial security.

With the challenge of building FHCI behind him, Mr. Frans' problem solving
curiosity and creative expertise once again took hold. His most recent
accomplishment focuses on what the company believes to be his most powerful
innovation yet; a multi-level compensation plan that allows anyone to be
successful, while contributing to the overall teams' welfare. This "Forced
Matrix System" and "100% matching bonus" concept has helped propel several
startup MLM companies to huge growth.

Mr. Frans' vast background in sales, marketing and management, coupled with his
creative talent and tenacious drive, provide MLM World News Today with the
leadership and creative management to assure success.

Paul A. Harbison is a co-founder of our Company and is a member of our Board of
Directors. Mr. Harbison is Chief Financial Officer of MLM World News Today, is a
native of San Diego with over 18 years experience in finance, sales, marketing
and management. Mr. Harbison completed his formal education at San Diego State
University, where he majored in Business Administration with emphasis in
finance. After leaving San Diego State, Mr. Harbison pursued a career in
communications. He specialized in streamlining internal communications for
prominent corporations such as Sony, QualComm and SAIC. His expertise includes
business management in radio paging, two-way radio, cellular and long-distance
service based companies.



                                       38
<PAGE>   39

While involved with the Communications Industry, Mr. Harbison was introduced to
Excel telecommunications where he became intrigued with the power of Network
Marketing. Mr. Harbison's fascination with the technical aspect of Multi-Level
Marketing quickly led him to the realization of severe inequities within many
MLM company compensation plans. His technical expertise drove him to develop a
plan that would provide greater equity for representatives. His co-creation of
the innovative "Forced Matrix System" with a "100% matching bonus" incentive has
become a model for the Industry and has been a major driving factor in the
success of several Network Marketing companies.

In 1994, Mr. Harbison co-founded Financial Help Centers, Inc., where he is
President and Chief Executive Officer. He recognized the need for an ally in
taking control of the financial future of individuals and families. As President
of FHCI, the organization prospered and rapidly expanded throughout the State of
California. FHCI provides enhanced services designed to decrease debt, increase
income and help members stabilize their financial future. FHCI's unprecedented
lifetime membership program, co-developed by Mr. Harbison, has helped thousands
of individuals and families eliminate erroneous information from their credit
profiles and regain their financial security.

Mr. Harbison's outstanding achievements within the fields of financial
management, communications and Network Marketing, accompanied with his
aggressive work ethic and people skills, imparts the stable and well balanced
leadership necessary to direct the Company to a prosperous future.

Robert L. Schultz, Vice President and Chief Operating Officer came to MLM World
News Today from Nevada where he served as District Sales Manager and Trainer for
the Prudential Insurance Company. Mr. Schultz was responsible for recruiting and
building one of the largest and most successful District Agency staffs in the
country. During his tenure at Prudential, Mr. Schultz earned several sales,
service, and management awards while maintaining a top producing organization.
In addition, Mr. Schultz was responsible for training agents with several other
insurance companies. Under the auspices of The Life Underwriters Training
Counsel and General Agents Management Counsel, Mr. Schultz trained agents from
New York Life, Metropolitan Life, Mass Mutual and several other multi-line
companies. Prior to joining Prudential, Mr. Schultz, owned and managed several
successful restaurants in Nevada and Hawaii. He and his wife Marcia also owned
and managed a 260-seat fine dining restaurant in Minnesota. Mr. Schultz
continues his business success at MLM World News Today, Inc. and has been
instrumental in the successful day-to-day operations of the Company . Mr.
Schultz's positive outlook, dedicated focus, and winning attitude have
contributed greatly to the growth of the Company.


ITEM 10. EXECUTIVE COMPENSATION

<TABLE>
<CAPTION>
                                                     Other
Name &                                               Annual      Restricted
Principal                       Salary      Bonus    Compen-        Stock      Options    LTIP
Position              Year      $           $        sation        Awards        (#)       SARs
------------------- -------  ---------     -------   -------     ----------    -------   ------
<S>                  <C>     <C>           <C>       <C>         <C>
James C. Frans       2000    $      --         $--       $--      1,000,000
President and CEO    1999    $  10,610         $--       $--             --

Paul A. Harbison     2000    $      --         $--       $--      1,000,000
Treasurer and CFO    1999    $   6,650         $--       $--             --

Robert L. Schultz    2000    $  28,800         $--       $--        500,000
COO                  1999    $      --         $--       $--
------------------------------------------------------------------------------------------------
</TABLE>



                                       39
<PAGE>   40

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

        The following table sets forth information on the ownership of the
Company's voting securities by Officers, Directors and major stockholders as
well as those who own beneficially more than five percent of the Company's
common stock:

<TABLE>
<CAPTION>
Title of                                            Number of Shares   Percentage of Shares
Class        Name & Address                         Beneficially Owned Beneficially Owned(1)
------------ -------------------------------------  -----------------  --------------------
<S>          <C>                                    <C>                <C>
Common       James C. Frans(2)                             5,422,000                25.55%
             3633 Camni Del Rio South Suite 107
             San Diego, CA  92108

Common       Pau A. Harbision(3)                           5,422,000                25.55%
             3633 Camni Del Rio South Suite 107
             San Diego, CA  92108

Common       Robert L. Schultz(4)                            505,000                 2.38%
             3633 Camni Del Rio South Suite 107
             San Diego, CA  92108

             All directors and executive officers
                 as a group of (3 persons)(3)             11,349,000                53.47%
</TABLE>

    (1)    Number of shares beneficially owned is determined based on 21,224,207
           shares outstanding as of April 12, 2001. Beneficial ownership is
           determined in accordance with the rules of the Securities and
           Exchange Commission. To our knowledge, the persons named in this
           table have sole voting and investment power with respect to all
           shares of Common Stock shown as owned by them, subject to community
           property law where applicable and except as indicated in the other
           footnotes in this table.
    (2)    Includes 5,422,000 shares held by Mr. Frans. On August 1, 2000, Mr.
           Frans received a personal loan of $50,000.00 from Mr. Ari Goldstein
           and put out 678,000 shares of the Company's stocks owned by Mr. Frans
           as collateral. The personal loan was due and payable on November 30,
           2000. Mr. Goldstein had the ability to either be repaid or retained
           the shares. He chose to retain the shares. On March 1, 2001, Mr.
           Frans, signed certificates # 1026 for 678,000 shares to Mr. Goldstein
           to pay off the personal loan.
    (3)    Includes 5,422,000 shares held by Mr. Harbison. On August 1, 2000,
           Mr. Harbison received a personal loan of $50,000.00 from Mr. Ari
           Goldstein and put out 678,000 shares of the Company's stocks owned by
           Mr. Harbison as collateral. The personal loan was due and payable on
           November 30, 2000. Mr. Goldstein had the ability to either be repaid
           or retained the shares. He chose to retain the shares. On March 1,
           2001, Mr. Harbison signed certificates # 1028 for 678,000 shares to
           Mr. Goldstein to pay off the personal loan.
    (4)    Includes 505,000 shares held by Mr. Schultz.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


         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. The balance due was paid in full during 2000.

         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 2000, an
  additional $330,624 was loaned to the Company. At December 31, 2000, the
  unpaid principal balance was $104,032. Interest expense amounted to $12,484 at
  December 31, 2000.



                                       40
<PAGE>   41

          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. The balance due was paid in full during 2000.

          During 2000 and 1999, the Company paid $31,200 and $17,260,
  respectively, in consulting fees to related parties.


          During 2000 and 1999, the Company paid $32,142 and $31,153,
  respectively, in rent to a related party for its office space.

          During 2000 and 1999, the Company subleased two properties to related
  parties. The Company recorded $38,424 and 34,987, respectively, in rent income
  for the year (see Note 10). The lease was transferred to the lessor on June
  30, 2000.


ITEM 13. EXHIBITS, FINANCIAL STATEMENTS SCHEDULES, AND REPORTS ON FORM 8-K

  (a)    Reports on Form 8-K

             None



                                       41
<PAGE>   42

                                   SIGNATURES

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


                                            MLM WORLD NEWS TODAY, INC.

Date: April 12, 2001                        /S/ James C. Frans
                                            ------------------
                                            By: James C. Frans
                                            Its: President


Date: April 12, 2001                        /S/ Robert L. Schultz
                                            ---------------------
                                            By: Robert L. Schultz
                                            Its: Secretary


Date: April 12, 2001                        /S/ Paul A. Harbison
                                            --------------------
                                            By: Paul A. Harbison
                                            Its: Chief Financial Officer



                                       42