<PAGE>

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

                                    FORM 10-Q

                                   (Mark One)
|X| QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the quarterly period ended September 30, 2007

|_| TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the transition period from ___________ to ___________

    Commission File number 000-29953

                                  EDULINK, INC.
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

          NEVADA                                   95-4562316
--------------------------------               --------------------
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization)                 Identification No.)

             605 WARWICK AVENUE #4, THOUSAND OAKS, CALIFORNIA 91360
             ------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (805) 449-1614

         Securities registered under Section 12(b) of the Exchange Act:

          Title of each class        Name of each exchange on which registered
          -------------------        -----------------------------------------
               None                                    None

Indicate by check mark if the registrant (1) has filed 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 Company was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.

Yes |_| No |X|

Indicate by check mark whether the Registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):

Large Accelerated Filer |_|   Accelerated Filer |_|  Non-Accelerated Filer |x|

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

| | Yes    |X| No

As of September 30, 2007, there were 1,500,000,000 outstanding shares of the
Registrant's Common Stock, $0.001 par value.


                                       13
<PAGE>



                                TABLE OF CONTENTS


                          Part I FINANCIAL INFORMATION

Item 1.      Financial Statements and Supplementary Data                      2

Item 2.      Management's Discussion and Analysis of Financial Condition
               and Results of Operations.                                     5

Item 3.      Quantitative and Qualitative Disclosures about Market Risk       9

Item 4.      Controls and Procedures                                          9



                            Part II OTHER INFORMATION

Item 1.      Legal Proceedings                                                9

Item 1A.     Risk Factors                                                     9

Item 2.      Unregistered Sales of Equity Securities and Use of Proceeds     10

Item 3.      Defaults Upon Senior Securities                                 10

Item 4.      Submission of Matters to a Vote of Security Holders             10

Item 5.      Other Information                                               10

Item 6.      Exhibits                                                        11

Signatures                                                                   11

 As used in this annual report, "we", "us", "our", "Edulink", the "Company", or
"our Company" refers to Edulink, Inc. and its predecessor.

Forward-Looking Statements and Associated Risks

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for certain forward-looking statements. Some of the statements contained in this
annual report of Edulink discuss future expectations, contain projections of our
operations or financial condition or state other forward-looking information.
Some statements contained in this annual report on Form 10-K that are not
historical facts (including without limitation statements to the effect that we
"believe," "expect," "anticipate," "plan," "intend," "foresee," or other similar
expressions) and are forward-looking statements. These forward-looking
statements are based on our current expectations and beliefs concerning future
developments and their potential effects on us. There can be no assurance that
future developments affecting us will be those anticipated by us. All comments
concerning our expectations for future revenue and operating results are based
on our forecasts of our plan of operation and do not include the potential
impact of any future acquisitions or operations. These forward-looking
statements involve significant risks and uncertainties (some of which are beyond
our control) and assumptions. Should one or more of these risks or uncertainties
materialize, or should any of our assumptions prove incorrect, actual results
may vary in material respects from those projected in the forward-looking
statements.


                                       2
<PAGE>




PART I - FINANCIAL INFORMATION

Item 1.     Financial Statements.
<TABLE>
<CAPTION>
<S>     <C>

                                  EDULINK, INC.
                          (a development stage company)
                                 BALANCE SHEETS

                                                                              SEPTEMBER 30,     DECEMBER 31,
                                                                                  2007             2006
                                                                               -----------      -----------

TOTAL ASSETS

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued expenses
Compensation payable
Loan payable, net of unamortized debt discount of $0 and $37,634,
  respectively
Due to related party
Accrued interest
Stock payable
Derivative liability

Total Current Liabilities


Stockholders' Deficit
Common stock, $.001 par value, 1,500,000,000 shares authorized,
1,500,000,000 shares issued and outstanding as of 9/30/07                        1,500,000        1,500,000

Additional paid-in capital                                                      16,343,350       16,343,350
Deficit accumulated during the development                                     (17,843,350)     (17,843,350)
Total Stockholders' Deficit

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT


            See accompanying summary of accounting policies and notes to financial statements


                                       3
<PAGE>

<PAGE>


EDULINK, INC.
                                      (a development stage company)
                                         STATEMENTS OF OPERATIONS
                     Three and Nine Months ended September 30, 2007 and 2006 and the
                      Period from January 25, 1996 (Inception) to September 30, 2007
                                               (unaudited)

                                Three months     Three months        Nine months         Nine months      Inception
                                   ended            ended              ended                ended         through
                                September 30,    September 30,      September 30,       September 30,    September 30,
                                    2007             2006                2007                2006            2007
                                -------------     -------------       -------------      -------------    -----------
License Fee Income                                                                                        $    50,000
Selling, general and                                                                                       11,624,432
  administrative
Software development                                                                                        7,220,268
  costs
Impairment of property                                                                                         18,572
  and equipment
Interest expense                                                                                              786,908
(Gain) loss on                                                                                               (335,231)
  derivatives
Interest income                                                                                              (144,239)
Forgiveness of debt                                                                                           506,488
NET LOSS                                                                                                   17,843,350
BASIC AND DILUTED LOSS
 PER SHARE                    $        (0.00)   $        (0.00)     $        (0.00)    $        (0.00)         N/A
WEIGHTED-AVERAGE
 SHARES OUTSTANDING            1,500,000,000     1,500,000,000       1,500,000,000      1,500,000,000          N/A
                               -------------     -------------       -------------      -------------


See accompanying summary of accounting policies and notes to financial statements


                                                                4
<PAGE>
                                               EDULINK, INC.
                                       (a development stage company)
                                          STATEMENTS OF CASH FLOWS
                           Nine Months ended September 30, 2007 and 2006 and the
                                Period from January 25, 1996 (Inception) to
                                             September 30, 2007
                                                (unaudited)

                                                                                               Inception
                                              Nine months ended        Nine months ended         through
                                                September 30,             September 30,      September 30,
                                                   2007                      2006                2007
                                                   ----                      ----                ----


CASH FLOWS FROM OPERATING ACTIVITIES:

Net Loss                                                    --                                  17,843,350
Adjustments to reconcile net income (loss)
 to net cash used in operating activities:
  Stock for services                                                                             3,322,436
  Additional stock issued for note conversion                                                      354,346
  Stock for settlement of dispute                                                                  223,500
  Option and warrant expense                                                                     3,530,974
  Change in fair value of derivative liability                                                    (335,231)
  Accretion of debt discount on loan payable                                                       260,166
  Forgiveness of debt                                                                             (506,488)
  Impairment of property and equipment                                                              18,572
  Compensation waived by officers                                                                  270,403
  Changes in:
    Prepaid expense
    Accounts payable and accrued expenses                                                        1,046,720

NET CASH USED BY OPERATING ACTIVITIES                                                         (10,398,809)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment                                                                (18,572)

NET CASH USED BY INVESTING ACTIVITIES                                                             (18,572)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from sale of common stock,
  net of offering costs                                                                         9,370,177
Proceeds from issuance of debenture                                                               250,000
Proceeds from issuance of bridge notes and
  other short-term notes payable                                                                  933,260
Payments on bridge notes and other
  short-term notes payable                                                                       (136,056)


NET CASH PROVIDED BY FINANCING ACTIVITIES                                                      10,417,381

NET CHANGE IN CASH

CASH: Beginning of period
End of period
NET-CASH TRANSACTIONS

Conversion of notes and accrued interest
  to common stock                                                                                 781,033

Contribution of accrued compensation to
  officers to additional paid in capital                                                           97,500

Discount on debt                                                                                  297,800


            See accompanying summary of accounting policies and notes to financial statements
</TABLE>


                                                     5
<PAGE>

                                  EDULINK, INC.
                          (a development stage company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (unaudited)

NOTE 1 - BASIS OF PRESENTATION AND NEW ACCOUNTING POLICIES

The accompanying unaudited interim financial statements of Edulink, a
development stage company, have been prepared in accordance with accounting
principles generally accepted in the United States of America and the rules of
the Securities and Exchange Commission, and should be read in conjunction with
the audited financial statements and notes thereto contained in Edulink's latest
Annual Report filed with the SEC on Form 10-K. In the opinion of management, all
adjustments, consisting of normal recurring adjustments, necessary for a fair
presentation of financial position and the results of operations for the interim
periods presented have been reflected herein. The results of operations for
interim periods are not necessarily indicative of the results to be expected for
the full year. Notes to the financial statements that would substantially
duplicate the disclosure contained in the audited financial statements for the
most recent fiscal year as reported in Form 10-K, have been omitted.

NOTE 2 - COMMITMENTS AND CONTINGENCIES

Ian Rescigno has been employed as Chief Executive Officer of Edulink, Inc. since
August 1, 2007, and his employment agreement runs through December 31, 2012.
Compensation is $150,000 per year plus a bonus equal to the greater of 10% of
the Net Pre-Tax Profits or 10% of the Net Cash Flow of Learning Priority, Inc.
computed annually, but not to exceed an amount equal to $300,000 for each of the
calendar years 2008 and 2009 and $450,000 for each of the calendar years 2010,
2011, and 2012; in addition, Mr. Rescigno is entitled to four weeks vacation,
annually, fifteen paid sick days, annually, and insurance benefits. Mr. Rescigno
must devote all of his work efforts to Learning Priority, Inc. for the term of
his employment agreement.

Item 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations.

Forward-Looking Statements

The discussion in this section contains certain statements of a forward-looking
nature relating to future events or our future performance. Words such as
"anticipates," "believes," "expects," "intends," "future," "may" and similar
expressions or variations of such words are intended to identify forward-looking
statements, but are not the only means of identifying forward-looking
statements. Such statements are only predictions and that actual events or
results may differ materially. In evaluating such statements, you should
specifically consider various factors identified in this report, including the
matters set forth under the caption "business risks," which could cause actual
results to differ materially from those indicated by such forward-looking
statements.

The following discussion is provided to afford the reader an understanding of
the material matters of Edulink's financial condition, results of operation,
capital resources and liquidity. It should be read in conjunction with the
financial statements and notes thereto and other information appearing elsewhere
in this report.


                                        6
<PAGE>

Overview
--------

EduLink, Inc. is a development stage company engaged in the design and
development of a seamless integrated Internet educational service, called the
Smart Schoolhouse system, for schools and homes, that is intended to be marketed
to and utilized by students, parents, teachers and school administrators. The
planned service will be delivered over the Internet to personal computer users.

The Company originally estimated that it needed a total of approximately $8.5
million to produce, alpha test, beta test and launch the system for the 7th and
8th grades only. The Company subsequently (in August 2001) determined that to
successfully launch the system, it was necessary to include curricula for all
grades from 3rd through 12th as well as the homeschool market, and the Company
therefore also needed to license and make third party content available through
its system. The Company estimated that it needed an additional $5 million
through June 2002 to complete the modifications required for the system's
application for the entire 3rd through 12th grades and to the homeschool market,
to license and integrate third party content, to complete production of
additional enabling tools, to create proprietary curriculum for two additional
grade levels, to launch the system and conduct marketing activities up to the
end of the customary school year (i.e., June 2002), and to provide the
infrastructure to market and exploit the Company's technologies outside of the
grade 3-12 education market. Therefore, having taken into account the revised
capital requirements, the Company estimated that it needed to raise a total of
$13.5 million, of which it had raised a total of $8,062,578, net of expenses, as
of September 30, 2001, primarily through the private placement of its Common
Stock. As of December 31, 2001, the Company had raised only $200,000 of the
additional $5.5 million in capital it needed, and had not completed the
production of additional enabling tools, had not licensed additional third party
curriculum content, had not upgraded the technology and had not the completed
the infrastructure to exploit its technologies outside of the grade 3-12
education market. And as of December 31, 2006, the Company had raised only an
additional $150,000. The Company now estimates that it needs to raise a total of
$5 million in capital to upgrade its technology, license and integrate third
party content for the 3rd through 12th grades, produce additional enabling
tools, conduct marketing activities and launch the system in September 2008 for
the education market. The Company intends to raise the additional $5 million in
capital it needs to complete those modifications and enabling tools, to
integrate third party content and to beta test the system while working with
various school districts, school district alliances and/or State Departments of
Education. Concurrently, the Company intends to obtain additional content from
educational publishers, universities and other content providers and to launch
the system upon the start of the next customary school year (i.e.,
August-September 2008), as well as to create the infrastructure to market and
exploit its technology in other markets. The Company raised $10,417,381, net of
expenses, as of September 30, 2007, toward the goal of a total of $13.5 million,
primarily through the private placement of its common stock. The Company now
expects that expenses (including software development costs and general and
administrative costs) will be approximately $5 million per year from April 1,
2007 to March 31, 2008, to license additional third party curriculum content, to
produce additional software tools, to alpha test and beta test the content so
licensed and the tools so produced, to upgrade technologies, to continue
operations, to provide necessary support and maintenance services to licensees,
to increase marketing activities for the Smart Schoolhouse system and to
continue and increase development, marketing and support activities relating to
the Company's technologies for application in markets outside of the 3rd through
12th grade U.S. education market.

On July 21st, 2007, Ian Rescigno was appointed to the Board of Directors and
michael rosenfeld resigned from the Board of Directors.

Results of Operation
--------------------
Three Months Ended September 30, 2007 as compared to Three Months Ended
September 30, 2006.

                                                  FOR THREE MONTHS ENDED
                                                       September 30,
          INCOME STATEMENT:                         2007          2006
                                             -------------------------------

REVENUE                                      $         --    $         --
INTEREST INCOME                              $         --    $         --
SOFTWARE DEVELOPMENT COSTS                   $         --    $         --
GENERAL AND ADMINISTRATIVE EXPENSES          $         --    $
TOTAL OPERATING EXPENSES                     $         --    $

                NET LOSS FROM OPERATIONS     $         ---   $


                                        7
<PAGE>

Comparison of the Three Months Ended September 30, 2007 as compared to Three
Months Ended September 30, 2007.

REVENUE. Our revenue remained the same during the period ended September 30,
2007, compared with the period ended September 30, 2006.

INTEREST INCOME. Interest income expense remained the same during the period
ended September 30, 2007, compared with the period ended September 30, 2006.

GENERAL AND ADMINISTRATIVE EXPENSES. General and administrative expenses
remained the same during the period ended September 30, 2007, compared with the
period ended September 30, 2006.

SOFTWARE DEVELOPMENT COSTS. Software development costs remained the same during
the period ended September 30, 2007, compared with the period ended September
30, 2006.

TOTAL OPERATING EXPENSES. Total operating expenses remained the same during the
period ended September 30, 2007, compared with the period ended September 30,
2006.

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

Since 1996, EduLink has financed its working capital needs through capital
contributions by stockholders, private placement of common equity and bridge
loans. As of September 30, 2007, the Company had cash of approximately $0. As of
December 31, 2006, the Company had cash of approximately $0. Cash used in
operations was $0 for the three months ended June 30, 2007, and $10,398,809 from
inception through September 30, 2007. Cash used in operations during each of
these periods was primarily for expenses related to the design and development
of computer software and general and administrative expenses. Since 1996 and
through June 30, 2007, the Company has raised $9,370,177 through sales of common
stock, $250,000 from the issuance of debentures and approximately $933,260
through bridge loans. The Company's current cash resources will not be
sufficient to meet its immediate requirements. The Company is not currently
generating revenues to fund its ongoing operations and without additional
capital the Company will not be able to operate.

As indicated above under the caption "Overview," the estimated cost of EduLink's
development program and its projected expenses over the next twelve months will
require $5 million in capital to provide the anticipated cash requirements up to
the planned launch of the Smart Schoolhouse system for the 3rd through 12th
grades. Changes in the Company's development program or other changes affecting
operating expenses could alter the timing and amount of expenditures and
therefore the amount and timing of when the Company will require additional
funding. EduLink currently plans to raise funds through either revenues
generated from licensing its software or the private placement of its equity or
debt securities, or a combination of both, in order to meet its ongoing cash
needs. However, the additional funding the Company requires may not be available
on acceptable terms or at all. If the Company cannot obtain adequate funding, it
will be required to shutdown operations.

Going Concern
-------------

As reflected in the Company's Financial Statements which accompany this report,
our financial statements have been prepared on a going concern basis, which
contemplates the realization of assets and liabilities and commitments in the
normal course of business. In the near term, we expect operating costs to
continue to exceed funds generated from operations. As a result, we expect to
continue to incur operating losses and we may not have sufficient funds to grow
our business in the future. We can give no assurance that we will achieve
profitability or be capable of sustaining profitable operations. As a result,
operations in the near future are expected to continue to use working capital.


                                       8
<PAGE>

To successfully grow the individual segments of the business, we must decrease
our cash burn rate, improve our cash position and the revenue base of each
segment, and succeed in our ability to raise additional capital through a
combination of public or private debt and equity offerings or strategic
alliances. We also depend on certain third party contractors and our executives.
Management recognizes that the Company must generate or obtain additional
capital to enable it to continue operations.

Critical Accounting Policies
----------------------------

Our financial statements and related public financial information are based on
the application of accounting principles generally accepted in the United States
("GAAP"). GAAP requires the use of estimates; assumptions, judgments and
subjective interpretations of accounting principles that have an impact on the
assets, liabilities revenue and expense amounts reported. These estimates can
also affect supplemental information contained in our external disclosures
including information regarding contingencies, risk and financial condition. We
believe our use of estimates and underlying accounting assumptions adhere to
GAAP and are consistently and conservatively applied. We base our estimates on
historical experience and on various other assumptions that we believe to be
reasonable under the circumstances. Actual results may differ materially from
these estimates under different assumptions or conditions. We continue to
monitor significant estimates made during the preparation of our financial
statements.

Our significant accounting policies are summarized in the summary "Background
and Significant Accounting Policies" accompanying our financial statements.
While all these significant accounting policies impact our financial condition
and results of operations, we view certain of these policies as critical.
Policies determined to be critical are those policies that have the most
significant impact on our financial statements and require management to use a
greater degree of judgment and estimates. Actual results may differ from those
estimates. Our management believes that given current facts and circumstances,
it is unlikely that applying any other reasonable judgments or estimate
methodologies would cause effect on our consolidated results of operations,
financial position or liquidity for the periods presented in this report.

Subsequent Events
-----------------

As of January 25, 2008, NASDAQ approved the Company to amend our Articles of
Incorporation to: (i) change the Company's name to "Learning Priority, Inc." and
symbol to "LRNP"; (ii) effectuate a 1-for-1,500 reverse stock split of our
authorized and issued and outstanding shares of common stock; (iii) increase the
number of authorized shares of Common Stock to two billion, sixteen million,
sixty one thousand, six hundred and thirty six (2,016,061,636) shares of common
stock, par value $0.001 per share.

Off-Balance Sheet Arrangements
------------------------------

We have no off-balance sheet arrangements.

Item 3.     Quantitative and Qualitative Disclosures About Market Risk.

Market Risk
-----------

Edulink's exposure to market risk is principally confined to cash in bank and
money market accounts, which have short maturities and therefore we believe to
be minimal and immaterial market risk.

Item 4.     Controls and Procedures.

Evaluation of Disclosure Controls and Procedures
------------------------------------------------

Based on their evaluation as of the end of the period covered by this Annual
Report on Form 10-K, our Chief Executive Officer have concluded that our

                                       9
<PAGE>

disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act) are effective to ensure that information required to be
disclosed by us in reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms. The Company's
current management has begun to do the required filings that are delinquent.
Current management recognized that Company's prior management and executive team
did not have adequate controls in place to ensure that filings were made in an
accurate and timely manner.

Changes in Internal Controls
----------------------------

In new management's evaluation of the Company's internal controls and
procedures, some improvements were made as follows:

? Updating internal controls and procedures.
? Engaging outside legal counsel experienced in SEC rules and regulations to
review the Company's controls and procedures and ensure ongoing compliance with
SEC rules and policies. ? Adopting a new Code of Business Ethics.
? Mandatory continued education for the Company's executive management to keep
them abreast of changes in legal accounting rules and SEC regulations.

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

On February 28, 2006, a default judgment was entered against us in the Los
Angeles Superior Court. The Judgment ordered Standard Registrar and Transfer
Company, Inc., our transfer agent, to issue to Ian Rescigno 735,000,000 shares
of our common stock, as well as attorney fees and costs in the amount of
$5,679.50, for breaching a settlement agreement which arose from an employment
agreement dispute with Mr. Rescigno. The transfer agent issued the shares on
March 6, 2006, which resulted in an issuance of 516,061,636 shares above our
authorized common stock of 1,500,000,000. On November 8, 2006, Mr. Rescigno
returned to the transfer agent the stock certificate for 735,000,000 shares and
requested a re-issuance of shares within our authorized common stock, with the
balance of shares to be issued once there are sufficient shares authorized. On
November 9, 2006, the transfer agent canceled the excessive issuance and
re-issued to Mr. Rescigno 218,938,364 shares of common stock. We are committed
to complying with the above default judgment and issuing to Mr. Rescigno the
full amount of shares.

The Company is not involved in any other pending legal proceedings.

Item 1A. Risk Factors.

The risks relating to our company have not materially changed since our Form
10-k filed on December 31, 2006, which information is hereby incorporated by
reference.


Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3.  Defaults Upon Senior Securities.

None.

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

None.

Item 5.  Other Information.

None.

                                       10
<PAGE>


Item 6.     Exhibits.
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<CAPTION>
<S>     <C>
Exhibit No. Title of Document                                                   Location
----------------------------------------------------------------------------------------------
31.1         Certification of Chief Executive Officer Pursuant                  Filed herewith
             to Rule 13a-14(a) of the Securities Exchange Act of 1934
32.1         Certification of Chief Executive Officer pursuant to 18 U.S.C.     Filed herewith
             Section 1350, as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002
</TABLE>





                                   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.


                                               EDULINK, INC.

Date: June 5, 2008
                                               /s/  IAN RESCIGNO
                                               --------------------------------
                                               Ian Rescigno
                                               Chief Executive Officer
                                               (Principal Executive Officer and
                                               Authorized
                                               Signatory)




                                       11