UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2000. Commission file number 0-25764 OneLink, Inc.
(formerly OneLink Communications, Inc.) Minnesota
  41-1675041State of Incorporation
  I.R.S. Employer Identification No.
 10340 Viking Drive, Suite 150
Eden Prairie, MN 55344
(952) 996-9000 Securities registered under Section
12(g) of the Exchange Act: Common Stock, Par Value $.01 Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Yes _X_  No.____ Check if there is no disclosure of delinquent
filers in response to Items 405 of Regulation S-B in this form, and no
disclosure will be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part
III of the Form 10-KSB or any amendment to this Form 10-KSB.   _X_ The Company's revenues from continuing
operations for the fiscal year ended December 31, 2000 totaled $2,046,284. The aggregate market value of the common
stock held by nonaffiliates of the registrant as of March 26, 2001 was
approximately $4,005,000 based on the average of the closing bid and ask price
of the registrants Common Stock on such date. 
The number of shares outstanding of the registrant's $.01 par value
common stock, as of March 26, 2001 was 9,861,254 Transitional
Small Business Issuer Format (Check One): Yes ____ 
No _X__ Documents Incorporated By Reference Portions of the registrants Proxy Statement
for its May 23, 2001 Annual Meeting, which will be filed by April 30, 2001, are
incorporated by reference into Items 9, 10, 11 and 12 of Part III.  ONELINK, INC.



TABLE OF CONTENTS



PagePART IITEM 
  1.
  Description of BusinessITEM 
  2.
  Description of PropertyITEM 
  3.
  Legal ProceedingsITEM 
  4.
  Submission of Matters to a Vote of Security
  HoldersPART IIITEM 
  5.
  Market for Common Equity and Related
  Stockholder MattersITEM 
  6.
  Managements Discussion and Analysis or
  Plan of OperationITEM 
  7.
  Financial StatementsITEM 
  8.
  Changes in and Disagreements with
  Accountants on Accounting and Financial DisclosurePART IIIITEM 
  9.
  Directors, Executive Officers , Promoters
  and Control Persons;Compliance With Section 16(a) of the
  Exchange ActITEM 
  10.
  Executive CompensationITEM 
  11.
  Security Ownership of Certain Beneficial
  Owners andManagementITEM 
  12.
  Certain Relationships and Related
  TransactionsPART IVITEM 
  13.
  Exhibits and Reports on Form 8-K







PART I

Item 1.   
Description of Business

General

OneLink,
Inc. (formerly OneLink Communications, Inc.), (the Company or OneLink) was
incorporated in Minnesota in June 1990. OneLink provides telecommunications-based
business-intelligence services via the Internet.  Our services enable the production of business-intelligence
reports based on caller data of business customers available from
telecommunications companies.  The
reports include both summaries and detail of the data about the location of the
businesses incoming callers, frequency of calls, number of unanswered calls,
busy calls, and similar information. 
Incumbent Local Exchange Carriers (referred to in the industry as
ILECs) provide the data we use to generate the business-intelligence
reports.  We currently sell our service
directly to ILECs, primarily targeting the Regional Bell Operating
Companies.  These ILECs in turn market
and sell our services, under their own private branding, primarily to their own
business customers (which we refer to as end-user customers), especially
small to medium-sized businesses that depend on incoming telephone calls to
generate revenue (e.g., businesses that rely on reservations, appointments,
service calls, etc.).

Products and Services

OneLink
provides a wide range of business-intelligence services using its in-house data
processing facilities, large data warehouse, and Internet expertise.  We also offer professional services aimed at
supporting the consulting, development, and implementation needs of our
customers.  Our financial results in
1999 and 2000 related to the following services and products:

TeleSmart WebOur principal service is now TeleSmart Web, which generates
reports over the Internet that enable businesses to make better informed and
more accurate marketing and operational decisions.  The end-user customers can obtain the reports over the Internet
in table, graph, or map form, allowing them to choose the best format for the
information according to their business needs. 
Moreover, the reports can be updated every 48 hours to provide a
constant stream of business-intelligence information.  The marketing departments of the end-user customers use the
reports to gain greater knowledge of their own customers, which allows them to
increase the efficiency and effectiveness of their marketing communications,
promotions, and offers.  For example,
our reports can visualize for a marketing department the geographic location of
its customer base and enable the business to execute a more targeted
direct-mailing campaign.  The operations
departments of end-user customers use our reports to understand the volume and
timing of calls that their businesses are receiving.  Among other uses, this data allows end-user customers to make
more informed decisions about telephone equipment and line needs, staffing
needs, and hours of operation.We sell our service to Independent Local
Exchange Carriers, primarily the Regional Bell Operating Companies.  These carriers in turn market and sell our
services, under their own private branding, primarily to their small and
medium-sized end-user business customers that depend on incoming telephone
calls to generate revenue (e.g., businesses that rely on reservations, appointments,
service calls, etc.).  Currently, the
Independent Local Exchange Carriers charge their end-user customers directly
for our services, although they may elect to bundle our service or provide it
in a variety of different service and product packages.  The Independent Local Exchange Carriers are
motivated to provide our service to their end-user customers because it adds
value to their existing services, which increases end-user customer
satisfaction, loyalty, retention, and revenues.

TeleSmart Data ServicesOur TeleSmart Data Service is the technology which transforms raw
telecommunications data into visual business intelligence by converting the
data into tabular, graphic and geographic formats that can be easily
interpreted by business managers. Our data processing, database expertise and
its proprietary use of Geographic Information Service (GIS) methodology enables
us to track caller information and assemble it into coherent reports.  These reports strengthen a businesss
insight into its customer base and creates market intelligence.  GIS technology is being used increasingly by
businesses to provide information needed to shape decisions and to translate
large amounts of tabular information into easy-to-read graphic formats.TeleSmart SoftwareTeleSmart Software is no longer being produced, enhanced, or
sold.  Specifically created for our
TeleSmart Data Services customers, this software allowed for the easy
customization of enhanced call management reports at the desktop.  This capability gave TeleSmart customers the
opportunity to fine tune the reports they received to meet specific
business-intelligence needs.Industry Background

The
Telecommunications Act of 1996 gave rise to an increasing level of competition
for local access between the established Regional Bell Operating Companies, the
Independent Telephone Companies, and Competitive Local Exchange Carriers.  This competition has caused incumbent
telephone companies to increase focus on customer loyalty and retention through
the offering of enhanced services and away from a price-only customer-retention
strategy.

Often
telephone companies do not have the expertise, manpower or time to develop,
implement, and market enhanced services like call-management reports and
end-user software that provide valuable business intelligence to their end-user
customers.  The need to offer these
enhanced services quickly has created the opportunity for small, fast moving
companies to provide products and services needed to assist in the retention
and expansion of customer bases.

Systems Design

In 1999, we developed and activated the
systems that deliver our services on an Application Service Provider (ASP)
basis.  Our technology platform can
expand with the growth of our customer base, allowing us to grow efficiently
without dramatically increasing human resources to handle increased volume and
call-processing levels.  We designed our
systems with open architecture that increases our flexibility to adopt new
modular applications, customize specific applications, and incorporate new
technology.  Our systems integrate
proprietary software with products from a variety of leading outside
vendorssuch as Oracle and SilverStreamto ensure that our systems function
easily and reliably with the Independent Local Exchange Carriers
telecommunications systems as well as their end-user customers systems.

Sales and Marketing

Our
primary sales and marketing strategy focuses on providing enhanced management
reporting and business-intelligence services to telephone companies.  We sell our services directly through our
own sales force and indirectly through business alliances.  For example, our sales and marketing
campaigns focus on such things as attending telecommunications trade shows,
using direct-mail campaigns, publishing and advertising in industry journals,
and personal sales calls to the Independent Local Exhchange Carriers.  Our strategy is to provide the Independent
Local Exchange Carriers with a product for their end-user customers that adds
value to the carriers services, thereby increasing their end-user customer
satisfaction, loyalty, retention, and revenues.

Primary
Customers

During
2000, our revenues totaled $2,046,284. 
Revenues from Qwest Communications International, Inc. (formerly U S
WEST Communications, Inc.) and Cincinnati Bell Telephone, respectively,
accounted for approximately $884,000 or 43% and $660,000 or 32% of total
revenues from continuing operations. 
These revenues resulted primarily from the use of our TeleSmart
services.  Qwest Communications International,
Inc. currently markets our services under its Call Reports OnLine brand, and
Cincinnati Bell Telephone markets our services under its Call Analysis Online
brand.

Competition

Our
management is not aware of any current competitor that provides a product or
service materially similar to TeleSmart Web, TeleSmart Data Services or
TeleSmart Software.  Some telephone
companies and RBOCs have previously offered segments of management reports that
are similar to those created by our TeleSmart Data Services, but prior to our
entry into the field, none appear to have offered a complete package of reports
and end user software specifically aimed at capturing incoming caller
information.  Companies with significant
financial resources, application development expertise, and telecommunications
experience may attempt to duplicate our products and services in this
area.  However, our management believes
time to market is a key success factor, and at this time, we believe we are the
first to market with these products.

Regulatory Environment

Our
operations are currently subject to limited regulation both on the federal and
state level by the Federal Communications Commission and various state public
utility commissions.  With the current
national trend of deregulation in the communications industry, additional
regulation is not anticipated in the near future.  There can be no assurance, however, that the current regulatory
environment will continue.  Furthermore,
although we are not actively attempting to place our products in foreign
markets, any effort to do so in the future will be dependent on the regulatory
environment in such markets.

Research and Product
Development

Research
and product development expenses were $1,857,181, and $648,002 for the years
ended December 31, 2000, and 1999, respectively.  The expenses in 2000 were largely due to the transformation of
our business model to an Application Service Provider (ASP) model. Research and
product development expenses incurred in 1999 were primarily related to the
initial research of and enhancements to the TeleSmart Web product.

Employees

As
of December 31, 2000, we had 26 employees, including 17 people working with our
TeleSmart product and 9 people in sales, administration and finance. We believe
our relations with our employees are good. 
None of our employees are represented by a labor union.



Risk Factors

Forward Looking
Statements

In addition to
factors discussed elsewhere in this Annual Report on Form 10-KSB, the following
are important factors that could cause actual results or events to differ
materially from those contained in any forward-looking statement made by or on
behalf of the Company.

We are currently dependent upon a very small number of
customers for our products.

During
fiscal year 2000, our revenues from TeleSmart Web were largely dependent on two
primary customers, Qwest Communications International, Inc. (formerly U S WEST
Communications, Inc.), and Cincinnati Bell Telephone Co., who in turn provided
our services to thousands of their end-user customers.  Revenues from Qwest represented 43 percent
of our 2000 revenues, and revenues from Cincinnati Bell represented 32 percent
of our 2000 revenues.  We have recently
completed the customization of our technology to work with the telecommunications
systems of an additional ILEC, and have entered into a consulting agreement
with yet another ILEC whereby our technology will be customized for use with
that ILECs telecommunications system. 
Consulting agreements are preliminary steps towards long-term contracts
with the ILEC, under which our products and services will be offered to the
ILECs end-user customers either by the ILEC, OneLink, or a combination
thereof.  We are hopeful that one of the
consulting agreements will in fact develop into a long-term service
contract.  There is, however, no
guarantee that any consulting agreement will develop into a long-term service
agreement.  Our ability to survive is
dependent on increasing the revenue from our two current primary customers,
securing contracts with other telecommunications companies with which we are
currently consulting, and gaining additional end-user customers for our
TeleSmart Data Services.

Our business has a
lengthy sales cycle which may delay the growth of our revenues.

A
telecommunications companys decision to contract with the Company typically
involves significant technical evaluation, internal procedural delays
associated with large capital-expenditure approvals, and testing and acceptance
of new systems that affect key operations. 
Moreover, the telecommunications industry has recently experienced an
increase in mergers and acquisitions which tend to further delay our customers
decision-making processes.  Finally, the
telecommunications industry has priorities that are not always geared toward
the marketing and delivery of the Companys products.  For these and other reasons, the sales cycle associated with the
Companys products is usually lengthy and subject to a number of significant
risks over which the Company has little or no control.

The
lengthy sales cycle, combined with the small number of existing and potential
customers for our services, may prohibit us from expanding our revenues quickly
enough to achieve profitability.

We are currently
dependent upon our primary customers to do the bulk of our marketing for us,
and if we decide to become more involved in the marketing of our products, we
may require additional resources and capital.

OneLink
currently depends on the Regional Bell Operating Companies to perform the
majority of marketing for the Companys products.  While this approach has met with some success, it has also
presented some challenges for us to meet our sales goals for end users.  The Company may elect to become even more
involved in the marketing of our products and might require a materially
different sales and marketing model and even more resources than we currently
have.  Therefore, any such decision
might force the Company to seek additional sources of financing.

Our success depends
on a small number of products.

Our
survival is almost entirely dependent on the success of our technology,
including our TeleSmart Web product. 
Thus, anything negatively impacting our technology, such as performance
problems, technological or regulatory changes, or the introduction of competing
services, may have a serious adverse impact on our business operations and may
lead to our demise.

Our TeleSmart Web
product is dependent upon the Internet.

The success of our TeleSmart Web product
will depend in large part upon the continued
development and expansion of the Internet. 
The Internet has experienced, and is expected to continue to experience,
significant growth in the number of users and the amount of traffic.  There can be no assurance that the Internet
infrastructure will continue to be able to support the demands placed on it by
this continued growth.  In addition, the
Internet could lose its viability due to delays in the development or adoption
of new standards and protocols (for example, the next generation Internet protocol)
to handle increased levels of Internet activity, or due to increased
governmental regulation.  There can be
no assurance that the infrastructure or complementary services necessary to
make the Internet a viable commercial marketplace will be developed, or, if
developed, that the Internet will become a viable commercial marketplace for
services and products such as those we offer. 
If the necessary infrastructure or complementary services or facilities
are not developed, or if the Internet does not become a viable commercial
marketplace, the success of our TeleSmart Web product will be adversely
affected.

Our TeleSmart Web
product is dependent upon data collected from the networks of
telecommunications companies.

Our
TeleSmart Web product depends entirely on both the telecommunications networks
of the ILECs and their willingness to make data available to us.  The TeleSmart Web product gathers data from
the advanced intelligence networks of telecommunications companies.  If these networks were to breakdown, then we
would be unable to collect the data that forms the basis of our product.  Similarly, a telecommunications company
could decide to make the data unavailable to us.  Both scenarios place our product at risk, and both scenarios are
beyond the Companys control.

Technological changes
may render our TeleSmart Web product obsolete.

Technological
changes in the telecommunications industry happen rapidly.  If we do not quickly and efficiently modify
or enhance our TeleSmart Web product in response to these changes, TeleSmart
Web may become obsolete.

An increase in
government regulation may adversely impact our business operations.

Our
operations are currently subject to limited regulation both on the federal and
state level by the Federal Communications Commission and various state public
utilities commissions.  Although the
regulatory trend in the telecommunications area has been toward deregulation,
there can be no assurance that the current regulatory environment will
continue, and a change in the regulatory environment could adversely impact our
operations.  Regulations may be adopted
in the future that restrict the use of telecommunications data.

We
believe that there are no data-privacy issues surrounding our use of caller
data to provide our service.  Under the
1996 Telecommunications Act, the information we use is public information.  Furthermore, we structure our data gathering
and delivery system so that we comply with the data-privacy rules and
regulations established by public utilities commissions in all states.  There is, however, no guarantee that those
rules and regulations will remain the same. 
Similarly, if the data-privacy rules were to change, there is no guarantee
that we will be able to restructure our system so as to comply with those
changes.

There is a risk that
the value of our intellectual-property rights could be diminished by improper
use by others.

We rely on internally developed software
and other technology to offer our TeleSmart Web product.  We have applied for patents on our software
and on our technology for formatting and mapping the origin of raw
telecommunications data, but have not yet been granted them.  Currently, our applications are
pending.  Nevertheless, we may not
acquire these patents, or even if we do they may not sufficiently protect our
rights in the technology.  The patents
would not provide protection outside of the United States.  Even if the patents are granted, they may be
challenged, and we may have to spend a significant amount of money to defend
them.  Patent-infringement litigation is
common for software and related technology. 
If we are accused, rightly or wrongly, of violating another companys
intellectual-property rights, we may have to spend significant amounts of money
defending ourselves.

We are dependent upon
the ongoing services of certain of our executives, the loss of whom could have
a detrimental effect on our profitability and the market price of our stock.

Our
plan of business and our day-to-day operations rely heavily on the knowledge and
experience of our senior management, most importantly Paul Lidsky, our
President and Chief Executive Officer, and Kaye OLeary, our Vice President and
Chief Financial Officer.  Both Greg
Mohn, former Vice President of Business Development, and Kirk Danzl, former
Chief Technology Officer, resigned from their positions in the third quarter of
fiscal year 2000.  The Company believes
that their resignations have not had, and will not have, a materially negative
effect on the Companys business. 
Nevertheless, the loss of other senior management, such as Mr. Lidsky or
Ms. OLeary, could have a materially negative impact on the Company.

Our potential
competitors may have significantly more financial and other resources
available.

Although
we are not aware of any current competitor that provides a product or service
materially similar to our TeleSmart Web 
product, companies with significant financial resources, expertise in
the development of applications, and telecommunications experience may offer a
competing product in the future.

Item 2.    Description of Property

We
lease approximately 8,228 square feet of commercial office and warehouse space
for $8,228 per month plus operating expenses and utilities at 10340 Viking
Drive, Suite 150, Eden Prairie, Minnesota 55344 under a lease that expires on
June 30, 2003.  We have an option
to extend the lease term for an additional five years.

Item 3.    Legal Proceedings

We
are not a party to any material legal proceedings.

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

There were no matters submitted to a vote of
security holders during the Companys fourth quarter.



PART II

Item 5.   
Market for Common Equity and Related Stockholder Matters

Our
common stock is currently traded in the over-the-counter market with prices
quoted on the OTC Bulletin Board under the symbol ONEL.

The following table sets forth the high
and low bid prices for our common stock as reported by the OTC Bulletin Board
in 2000 and 1999:

Year Ending December 31, 2000High
  LowFirst Quarter
  $5.750
  $3.500Second Quarter
  4.500
  1.875Third Quarter
  3.063
  1.219Fourth Quarter
  1.250
  0.438Year Ending December 31, 1999High
  LowFirst Quarter
  $2.000
  $1.125Second Quarter
  2.563
  1.750Third Quarter
  2.625
  1.813Fourth Quarter
  3.625
  1.563

The
above prices reflect inter-dealer prices, without retail mark-up, mark-down or
commission and may not necessarily represent actual transactions.  The approximate number of stockholders of
record of the Common Stock as of March 26, 2001 was 900.

We
have never declared or paid a cash dividend on our common stock and do not
anticipate paying any cash dividends in the foreseeable future.

In
the fourth quarter of 1999, we sold 2,000,000 shares of our common stock in
connection with a private placement, for which we received aggregate proceeds
of $3,500,000.  The shares were issued
in reliance on the exemption from registration provided by Section 4(2) of the
Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated
under such act.

Item 6.    Management's Discussion and Analysis

Results of Operations

The
following table sets forth, for the periods indicated, certain Statements of
Operations data as a percentage of 
revenues.

For Twelve
  Months  Ended December 312000
  1999Revenues
  100.0%
  100.0%Cost of revenues
  63.1%
  52.5%Gross profit
  36.9%
  47.5%Selling
  27.9%
  27.8%Research & product development
  90.8%
  35.0%General & administrative
  94.0%
  70.3%Total operating expenses
  212.6%
  133.1%Other income(expense)
  5.8%
  3.0%Net Loss
  (169.9%)
  (82.6%)



Year Ended December 31, 2000
Compared to Year Ended December 31, 1999

Change in Business
Model

In
the fourth quarter of 1999, we changed our business model to an application
service provider (ASP) model as a result of the launch of our new product,
TeleSmart Web.  In that quarter, we
began to expense costs related to the TeleSmart Web product and related
research and development.  In the fourth
quarter of 1999, we also began to depreciate our investment in the TeleSmart
Web product, which was developed during 1999. 
The change in the business model has resulted in certain other
depreciation being recognized as general and administrative expense rather than
cost of revenues.

Revenues

Our
revenues for the year ended December 31, 2000 were $2,046,284, an increase of
$196,142 or 11 percent compared to $1,850,142 for the same period ended
December 31, 1999.  The increase in
revenues is a result of additional consulting projects related to the
development of additional systems to support our products, TeleSmart Data
Services and TeleSmart Web for a new customer. 
However, in the 4th Quarter of 2000, the customer has elected
to not launch the services for their customers.  The additional consulting projects resulted in an increase in
consulting revenues for 2000 of approximately $262,000 compared to 1999.  However, the increase in consulting revenues
was offset by a decrease of approximately $36,000 in TeleSmart Data Services
revenues and a decrease of approximately $22,000 in customer service fees.   The decrease in revenues for TeleSmart Data
Services was a result of changes made to certain contracts and the lack of
promotions run by our customers to their end users in 2000 compared to 1999 when
our customers were running promotions for our service.  Although the contract changes did not have
short-term benefits, they are expected to increase revenues in the
long-term.  Decreases in the customer
service revenues were due to less representatives needed to service the amount
of calls received.

Cost of Revenues and
Gross Profit

Our
cost of revenues for the year ended December 31, 2000 was $1,291,787 compared
to $971,219 for the same period in 1999, an increase of $320,568 or 33 percent.
The increase was a result of higher cost of revenues for TeleSmart Data
Services, consulting and product costs. 
TeleSmart Data Services cost of revenues increased by approximately
$129,000 due to increased personnel, external consulting, and maintenance
costs.  However, in 1999 we had a
significant portion of our personnel and external consulting costs that were
capitalized through the 3rd Quarter because we were developing our
web-enabling product.  With the launch
of our web-enabled product in the fourth quarter of 1999, these costs are no
longer being capitalized.  We anticipate
a significant reduction in external consulting costs in 2001.  The cost of revenues for the consulting line
of business increased by approximately $55,000 due to increased consulting
projects for our customers.  The
majority of this increase was from the development of an additional system that
would support our TeleSmart products for another ILEC customer.  Product costs increased by approximately
$148,000 as a result of the recognition of amortization on a long-term prepaid
expense.  In the fourth quarter of 1999,
we determined that our model had changed due to the entrance into the Internet
business.  Therefore, beginning in the
fourth quarter of 1999, the costs related to new product offerings were
expensed in the product development area. 
This will accurately reflect the true cost of revenues for billable
projects.  Historically, product
developments and enhancements were generally paid for by the customer
requesting the change.

The
gross profit for the year ended December 31, 2000 was $754,497 compared to
$878,923 for the same period ended December 31, 1999, a decrease of $124,426 or
14 percent.  Gross profit as a
percentage of revenues was 37 percent in 2000 compared to 48 percent for the
same period in 1999.  The decrease in our
gross profit margin is mainly attributable to increased personnel and external
consulting costs which were being capitalized through the 3rd
Quarter of 1999, as well as the amortization of the long-term prepaid expense.

Research and Product Development Expenses

Research
and product development expenses for the year ended December 31, 2000 were
$1,857,181 compared to $648,002 for the same period in 1999, an increase of
$1,209,179.  The increase of research
and product development expenses was primarily caused by the expensing of costs
related to the change in our business model to an ASP.  These increases were mainly for expenses
related to depreciation of the Internet product, personnel costs and external
consulting expenses.  Research and
product development expenses incurred in 1999 were related to the enhancement
of the Internet product.  Of this,
$86,812 was for the initial prototype, with the remainder for enhancements in
the fourth quarter of 1999, after the product went into service.  These costs included internal and external
personnel time and depreciation expenses related to the new product.

Selling Expenses

Selling
expenses for the year ended December 31, 2000 were $570,097, an increase
of  $55,280 compared to $514,817 for the
same period in 1999.  Marketing and
consulting expenses increased approximately $131,000.  The company hired external consultants to help create new
marketing strategies and programs to help create end-user awareness of the
products and increase the usage of our products.  These marketing plans would not be used until 2001.  Personnel expenses decreased by
approximately $64,000.

General and
Administrative Expenses

Our
general and administrative expenses for the year ended December 31, 2000 were
$1,922,935 compared to $1,300,175 for the same period in 1999, an increase of
$622,760 or 48 percent.  The majority of
the increase was due to additional depreciation costs for equipment related to
the service bureau and products of approximately $320,000.  These depreciation expenses were moved from
the cost of revenues as a result of the change in business model in the 4th
Quarter of 1999. Consulting expenses increased by approximately $118,000,
primarily for work done on our security and back up systems.  There were also increased personnel search
costs of approximately $91,000, travel expenses of approximately $40,000, and
legal fees of $35,000.

Other Income and
Expense

Interest
income for the year ended December 31, 2000 was $121,785 compared to $54,452
for the same period in 1999 due to increased cash balances.  There was no interest expense for the year
ended December 31, 2000 compared to $21 for the same period in 1999.  Other non-interest expense was $3,519 for
the year ended December 31, 2000 compared to other non-interest income of
$1,250 for the same period in 1999.

Net Loss

We
incurred a net loss of $3,477,450 for the year ended December 31, 2000 compared
to a net loss of $1,528,390 for the prior year.  This is an increase of $1,949,060 or 128 percent and was
primarily the result of increased product development costs for the Internet
service and increased depreciation expenses.

Liquidity and Capital
Resources

We
had positive working capital of $616,072 and $3,102,692 at December 31, 2000
and 1999, respectively.  During 2000, cash
used in operations was $2,728,252, primarily resulting from a net loss of
$3,477,450, offset by depreciation and amortization of $1,048,814.  Cash used in 2000 for investing activities
was $821,625 for the purchase of property and equipment.  Most of the purchases were for hardware and
software in support of the new Web-enabled product.  Financing activities provided cash of $473,509.

We
are currently in the process of raising additional funds.  We are doing this through a private
placement memorandum which allows for up to 5,000,000 shares of preferred stock
to be issued at a price of $0.50 per share.

In the first quarter of 1999, management
called the warrants issued as part of our 1997 Private Placement.  The calling of these warrants raised $1,900,000.  On August 1, 1999, we called 160,000
warrants for redemption, to be effective as of September 1, 1999.  These warrants represented the balance of
the warrants issued in the 1997 Private Placement.  The calling of these warrants raised $165,000.

Through
a private placement in the fourth quarter of 1999 (the 1999 Private
Placement), we raised additional capital of approximately $3,500,000 from the
sale of 2,000,000 shares of our common stock at a price of $1.75 per share.  The Private Placement was limited to
Accredited Investors (as that term is defined in Regulation D promulgated
under the Securities Act of 1933).  The
additional funds will be used to further enhance the Web-enabling product and
services, create additional services and expand sales and marketing efforts.

Our
management believes that revenues to be generated from operations, combined
with at least $1,500,000 in proceeds from the private placement, will be
sufficient to support our working capital needs for the foreseeable future, assuming
we are able to generate sufficient revenues and control expenses during fiscal
year 2001. As a result, our ability to meet our working capital requirements in
fiscal year 2001 will depend upon: (i) generating sales which exceed our fiscal
2000 sales; and (ii) avoiding any significant increase in expenses.  Failure to meet these objectives may have a
material effect on our ability to continue the business.  Should we seek additional financing, there
is no assurance that additional capital will be available to us on acceptable
terms or at all.  In order to obtain
additional capital, we may issue equity securities at a price that would result
in dilution to existing shareholders.

New Accounting
Pronouncements

There
were no new accounting pronouncements.

Forward Looking
Statements

This
Form 10-KSB contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934.  All
statements included herein regarding the contract changes in the Revenue section, the external consulting
costs in the Cost of Revenues and Gross
Profit section, the anticipated marketing plans in the Selling Expenses section, and our ability
to meet working capital requirements and raise additional funds in the Liquidity and Capital Resources section,
and other statements that address activities, events or developments that we
expect, believe or anticipate will or may occur in the future, including such
things as future capital expenditures (including the amount and nature
thereof), business strategy and measures to implement strategy, competitive
strengths, goals, expansion and other such matters are forward-looking
statements.  Actual events may differ
materially from those anticipated in the forward-looking statements.  Important factors that may cause such a
difference include possible inability to raise additional funds, long sales
cycles for new customers, significant reliance on our current customers,
limited number of potential customers, general economic conditions, changes in
interest rates, increased competition in our market area, acceptance by
telecommunications customers and increased regulation of the telecommunications
industry in general.  For further
information about these risks and uncertainties, see the Business  Risk
Factors section of this Annual Report on Form 10-KSB.



Item 7.Financial Statements



REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS



To
OneLink, Inc.:

We
have audited the accompanying balance sheets of OneLink, Inc. as of December
31, 2000 and 1999, and the related statements of operations, stockholders
equity and cash flows for the years then ended.  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 auditing standards generally accepted
in the United States of America.  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 OneLink, Inc. as of December 31,
2000 and 1999, and the results of its operations and its cash flows for the
years then ended in conformity with accounting principles generally accepted in
the United States of America.

The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As
discussed in Note 1 to the financial statements, the Company had net losses for
the years ended December 31, 2000 and 1999 and had an accumulated deficit at
December 31, 2000.  These conditions
raise substantial doubt about its ability to continue as a going concern.  Management's plans regarding those matters
also are described in Note 1.  The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.



/s/ 
VIRCHOW, KRAUSE & COMPANY, LLP



Minneapolis,
Minnesota
February 15, 2001

OneLink, Inc.Balance Sheets

December 31,2000
  1999AssetsCurrent assets:Cash and cash equivalents
  
  $653,602
  $3,729,970Trade accounts receivable, net of allowance
  for doubtful accounts of $0 and $10,276 - 2000 and 1999
  
  304,481
  371,480Inventory, net of reserve for obsolescence
  of $0 and $2,374 - 2000 and 1999
  
  -
  7,104Prepaid expenses
  
  104,401
  61,708Total current assets
  
  1,062,484
  4,170,262Property and equipment:Furniture and equipment
  
  583,988
  580,329TeleSmart equipment
  
  991,531
  305,433Product equipment
  
  214,505
  175,232Web based software
  
  745,940
  747,8572,535,964
  1,808,851Accumulated depreciation and amortization
  
  (1,652,251)
  (693,674)Total property and equipment
  
  883,713
  1,115,177Other assets:Long-term prepaid expense
  
  688,679
  -Deposits
  
  11,465
  11,465Total assets
  
  $2,646,341
  $5,296,904Liabilities and shareholders equityCurrent liabilities:Accounts payable
  
  $115,767
  $545,972Accrued payroll and related taxes
  
  162,348
  310,628Accrued expenses
  
  143,297
  168,288Deferred revenue
  
  25,000
  42,682Total current liabilities
  
  446,412
  1,067,570Shareholders equity:Common stock, par value $.01 per share:Authorized shares50,000,000Issued and outstanding shares:  20009,861,254 and 19999,254,018
  
  98,612
  92,540Additional paid-in capital
  
  15,515,043
  14,076,000Stock subscription receivable
  
  (223,922)
  (226,852)Accumulated deficit
  
  (13,189,804)
  (9,712,354)Total shareholders equity
  
  2,199,929
  4,229,334Total liabilities and shareholders equity
  
  $2,646,341
  $5,296,904



See accompanying
notes to financial statements.



OneLink, Inc.

Statements of
Operations


Years ended
  December 31,2000
  1999Revenues
  $2,046,284
  $1,850,142Cost of revenues
  1,291,787
  971,219Gross profit
  754,497
  878,923Operating expenses:Selling
  570,097
  514,817Research and product
  development
  1,857,181
  648,002General and
  administrative
  1,922,935
  1,300,175Total operating expenses
  4,350,213
  2,462,994Operating loss
  (3,595,716)
  (1,584,071)Other income (expense):Interest income
  121,785
  54,452Interest expense
  -
  (21)Other income (expense)
  (3,519)
  1,250Net loss
  $(3,477,450)
  $(1,528,390)Net loss per common share:Basic and diluted
  $(.36)
  $(.23)Weighted average number of shares
  outstanding:Basic and diluted
  9,712,155
  6,735,572

See accompanying notes to financial statements.OneLink, Inc.

Statements of
Shareholders Equity



Common Stock
  Additional
  Paid-In
  Stock Subscription
  Accumulated
  Total ShareholdersShares
  Amount
  Capital
  Receivable
  Deficit
  EquityBalance at December 31, 1998
  5,015,607
  $50,156
  $8,491,886
  $-
  $(8,183,964)
  $358,078Exercise of stock warrants, net of
        issuance costs
  2,010,000
  20,100
  2,032,258
  -
  -
  2,052,358Exercise of stock options
  114,985
  1,150
  167,278
  -
  -
  168,428Payments on contingent 
        stockholder notes
  -
  -
  (171,648)
  -
  -
  (171,648)Issuance of warrants for services
  -
  -
  27,899
  -
  -
  27,899Private placement of common 
        stock, net of issuance costs
  2,000,000
  20,000
  3,302,609
  -
  -
  3,322,609Issuance of stock for stock 
        subscription receivable
  113,426
  1,134
  225,718
  (226,852)
  -
  -Net loss
  -
  -
  -
  -
  (1,528,390)
  (1,528,390)Balance at December 31, 1999
  9,254,018
  92,540
  14,076,000
  (226,852)
  (9,712,354)
  4,229,334Exercise of stock warrants,
        net of issuance costs
  359,500
  3,595
  454,530
  -
  -
  458,125Exercise of stock options
  30,350
  303
  31,289
  -
  -
  31,592Payments on contingent 
        stockholder notes
  -
  -
  (31,593)
  -
  -
  (31,593)Issuance of warrants for services
  -
  -
  113,687
  -
  -
  113,687Stock issued as payment on 
        long-term prepaid expense
  217,386
  2,174
  858,675
  -
  -
  860,849Payment on stock subscription 
        receivable
  -
  -
  12,455
  2,930
  -
  15,385Net loss
  -
  -
  -
  -
  (3,477,450)
  (3,477,450)Balance at December 31, 2000
  9,861,254
  $98,612
  $15,515,043
  $(223,922)
  $(13,189,804)
  $2,199,929

See accompanying
notes to financial statements.



OneLink, Inc.

Statements of Cash
Flows

Years ended
  December 31,2000
  1999Operating activitiesNet loss
  $(3,477,450)
  $(1,528,390)Adjustments to reconcile net loss to net
  cash used in operating activities:Depreciation and amortization
  1,048,814
  334,340Loss on disposal of property
  4,325
  -Warrants issued for services
  113,687
  27,899Gain on sale of property and equipment
  (50)
  -Changes in operating assets and
  liabilities:Trade accounts
  receivable, net
  66,999
  (167,682)Inventory, net
  7,104
  5,647Prepaid expenses
  and deposits
  129,476
  (44,067)Accounts payable,
  payroll and related taxes and accrued 
      expenses
  (603,476)
  453,684Deferred revenue
  (17,682)
  39,982Net cash used in operating activities
  (2,728,252)
  (878,587)Investing activitiesPurchases of property and equipment
  (821,675)
  (1,180,376)Proceeds from the sale of equipment
  50
  -Net cash used in investing activities
  (821,625)
  (1,180,376)Financing activitiesPayments on notes payable
  -
  (3,414)Payments on contingent stockholder notes
  (31,593)
  (171,648)Proceeds from exercise of stock options
  31,592
  168,428Proceeds from payment on stock subscription
  receivable
  15,385
  -Proceeds from private placement of common
  stock,  net of issuance costs
  -
  3,322,609Proceeds from exercise of warrants, net of
  issuance costs
  458,125
  2,052,358Net cash provided by financing activities
  473,509
  5,368,333Increase (decrease) in cash and cash
  equivalents
  (3,076,368)
  3,309,370Cash and cash equivalents at beginning of
  year
  3,729,970
  420,600Cash and cash equivalents at end of year
  $653,602
  $3,729,970Supplemental cash flow information:Cash paid for interest
  $-
  $21Cash paid for income taxes
  -
  -Noncash financing activities:Issuance of stock for stock subscription
  receivable
  -
  $226,852Common stock issued in exchange for
  long-term prepaid expense
  $860,849
  -



See accompanying
notes to financial statements.



OneLink, Inc.Notes to
Financial Statements

1.Description of Business

OneLink,
Inc. (formerly OneLink Communications, Inc.), (the Company or OneLink) was
incorporated in Minnesota in June 1990. 
OneLink provides telecommunications-based business-intelligence services
via the Internet.  Our services enable
the production of business-intelligence reports based on caller data of
business customers available from telecommunications companies.  The reports include both summaries and
detail of the data about the location of the businesses incoming callers,
frequency of calls, number of unanswered calls, busy calls, and similar
information.  Incumbent Local Exchange
Carriers (referred to in the industry as ILECs) provide the data we use to
generate the business-intelligence reports. 
We currently sell our service directly to ILECs, primarily targeting the
Regional Bell Operating Companies. 
These ILECs in turn market and sell our services, under their own
private branding, primarily to their own business customers (which we refer to
as end-user customers), especially small to medium-sized businesses that
depend on incoming telephone calls to generate revenue (e.g., businesses that
rely on reservations, appointments, service calls, etc.).

The
accompanying financial statements have been prepared on the basis that the
Company will continue as a going concern. 
The Company had net losses for the years ended December 31, 2000 and
1999 and had an accumulated deficit at December 31, 2000.  These conditions raise concern about the
Companys ability to generate positive cash flows and fund operations and, is
therefore, dependent on the Company raising capital through a private placement
of stock, increasing sales to customers and controlling costs and expenses
commensurate with the Companys current sales levels in an effort to generate
cash flows from operations.

The
financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amount
and classification of liabilities that may result from the inability of the
Company to continue as a going concern.

2. Summary of
Accounting Policies

Revenue RecognitionRevenue for services is recognized at the end of each month in which services
are provided. Revenue for product sales such as paper, disk, and software is
recorded upon shipment.  Revenue on
certain contracts may require revenue recognition under contract accounting
rules, whereby revenue is recognized on a percentage of completion basis.  Billings in excess of costs and estimated
earnings are included in deferred revenue.

The
Company extends unsecured credit to customers in the normal course of business.

Use of EstimatesThe preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes.  Actual results could differ from the estimates.

Stock-Based
CompensationThe Company follows Accounting Principles Board Opinion No. 25, Accounting
for Stock Issued to Employees (APB 25), and related
interpretations in accounting for its stock options.  Under APB 25, when the exercise price of stock options equals or
exceeds the market price of the underlying stock on the date of grant, no
compensation expense is recognized.

The Company has adopted the disclosure
only provisions of Statement of 
Financial Accounting Standards No. 123,Accounting for
Stock-Based Compensation(Statement 123).  Accordingly, the Company has made pro forma
disclosures of what net loss and net loss per share would have been had the
provisions of Statement 123 been applied to the Companys stock options.

Cash EquivalentsThe Company considers all highly liquid investments with a maturity of three
months or less when purchased to be cash equivalents.  The balances, at times, may exceed federally insured limits.

InventoryInventory was valued at the lower of cost (first-in,
first-out), or market.

Property and
EquipmentProperty and equipment is stated at cost. 
Depreciation is recognized on the straight-line basis over the estimated
useful lives ranging from one to seven years. 
Maintenance, repairs and minor renewals are expensed when incurred.

The
Company has adopted Statement of Position 98-1 (SOP 98-1), Accounting
for the Costs of Computer Software Developed or Obtained for Internal Use.  SOP 98-1 requires the capitalization of
direct costs incurred in connection with developing or obtaining software for
internal-use, including external direct costs of materials and services and
payroll and payroll related costs for employees who are directly associated
with and devote time to an internal use software development project.  During 1999, the Company capitalized
$747,857 of costs related to the implementation of internal-use software, which
is being amortized over its estimated useful life.

Long-term prepaid
expenseThe long-term prepaid expense is amortized using the straight-line method over
five years.  The carrying value of the
long-term prepaid expense is reviewed if the facts and circumstances suggest
that it may be impaired.  If the review
indicates that the long-term prepaid expense will not be recoverable, as
determined based on the undiscounted cash flows of the assets acquired over the
remaining amortization period, the Companys carrying value of the long-term
prepaid expense is reduced by the estimated shortfall of cash flows.

Income TaxesThe Company accounts for income taxes using the liability method.  Deferred tax assets and liabilities are
recognized for the expected future tax consequences attributable to the
temporary differences between the financial and income tax reporting bases of
assets and liabilities.

Net Loss Per ShareBasic and diluted loss per share is computed by dividing net loss by the
weighted average number of common shares outstanding for the reporting
period.  Dilutive common equivalent
shares have not been included in the computation of diluted loss per share
because their inclusion would be antidilutive. 
Antidilutive common equivalent shares issuable based on future exercise
of stock options or warrants could potentially dilute basic loss per share in
subsequent years.

Fair Value of
Financial InstrumentsThe carrying amounts for all financial instruments approximate fair value.  The carrying amounts for cash, accounts
receivable, accounts payable and accrued expenses approximate fair value
because of the short maturity of these instruments.  The fair value of debt approximated the current rates at which
the Company could borrow funds with similar remaining maturities.

3. Contingent
Stockholder Notes Payable

In January 1994, the Company acquired
219,364 shares of common stock from two stockholders for $2.18 per share by
issuing promissory notestotaling $478,212 which bear interest at
6%.  These shares have been canceled and
retired.  Under the terms of the notes,
payments shall be made when, and only if, the Company receives payments for
exercise of options under its stock option plan until the notes are paid in
full.  The Company is required to use
100 percent of any cash proceeds resulting from the exercise of options under
the Plan to pay down these obligations until these notes are satisfied.  Management cannot currently determine if
additional options will be exercised, thereby requiring payments on the
notes.  Consequently, no liability has
been recorded in the financial statements. 
Payments, consisting primarily of interest, of $31,593 and $171,648 were
made on these promissory notes in 2000 and 1999.  The principal balances of the promissory notes are $465,769 and
$466,317 at December 31, 2000 and 1999.

4. Shareholders
Equity

The
Company completed a private placement in 1999 in which it sold 2,000,000 shares
of common stock, resulting in net proceeds to the Company of $3,322,609.

During
December 1999, the Company sold 113,426 shares of common stock and received a
stock subscription receivable for $226,852. 
The receivable is payable when payments on the contingent stockholder
notes payable are made by the Company (see note 3).  The outstanding balance on the stock subscription receivable
earns interest at 6%.  Payments,
consisting primarily of interest, of $15,385 were made on this subscription
receivable in 2000.  There were no
payments made in 1999.  The principal
balance of the subscription receivable was $223,922 and $226,852 as of December
31, 2000 and 1999.

5. Warrants and Stock
Options

During
1999, holders of 2,010,000 warrants exercised their warrants at exercise prices
of $1.00 and $1.50.  A total of 50,000
warrants were not exercised, and the Company redeemed those at $.01 per
warrant.  Net proceeds to the Company
were $2,052,358.

During
September and November 1999, the Board of Directors issued warrants to purchase
19,243 shares of the Companys common stock to outside consultants in exchange
for consulting services.  These warrants
have exercise prices of $1.32 to $1.57 per share and are exercisable at dates
through November 15, 2004.  The value of
these warrants was determined to be $27,899.

During
December 1999, the Board of Directors issued warrants in connection with the
private placement to purchase 50,000 shares of the Companys common stock.  These warrants have an exercise price of
$1.75 and are exercisable through January 26, 2005.

During
2000, the Board of Directors issued warrants to purchase 72,501 shares of the
Companys common stock for services rendered to the Company.  These warrants have an exercise price
ranging from $0.60 to $2.94 with a weighted average of  $1.57. 
The value of these warrants was determined to be $113,687.

During
2000, holders of 359,500 warrants exercised their warrants at exercise prices
ranging from $1.00 to $1.75 with the weighted average being $1.27.  Net proceeds to the Company were $458,125.

The
Company established a stock option plan in 1994 to provide incentives to
employees whereby 3,000,000 shares of common stock have been reserved.  The options can be either incentive stock
options or non-statutory stock options and are valued at the fair market value
of the stock on the date of grant.  The
options generally vest over a period of four years and have a life of six to
ten years.

The
Company established a stock option plan in 1999 to provide incentives to
directors and officers whereby 600,000 shares of common stock have been
reserved.  The options can only be
non-qualified stock options and are valued at the fair market value of the
common stock on the date of grant unless otherwise determined by the Administrator,
in which case the option may not be less than 85% of the fair market value of
the common stock on the date of grant.

At
December 31, 2000, the Company had exercisable options of 1,229,320 with a
weighted average exercise price of $1.46 and a weighted average remaining
contractual life of 7.18 years.

The
following table summarizes options and warrants to purchase shares of the
Companys common stock:



Options Outstanding
  Weighted Average
  Exercise Price Per Share
  Range of Option
  Exercise Price
  Warrants
  Outstanding
  Weighted Average
  Exercise Price Per ShareBalance at December 31, 1998
  1,954,995
  $1.31
  $.81
  to $3.50
  2,708,627
  $1.69Granted
  543,330
  1.50
  $1.00
  to $2.47
  69,243
  1.67Exercised or
  redeemed
  (114,985)
  1.32
  $1.00
  to $1.88
  (2,060,000)
  1.04Canceled
  (181,763)
  1.14
  $1.00
  to $2.38
  (37,880)
  3.10Balance at December 31, 1999
  2,201,577
  1.37
  $.81
  to $3.50
  679,990
  2.03Granted
  670,000
  2.23
  $.75
  to $4.63
  72,501
  1.57Exercised
  (30,350)
  1.04
  $.81
  to $1.50
  (359,500)
  1.27Canceled
  (262,483)
  1.34
  $.94
  to $2.18
  (13,500)
  2.67Balance at December 31, 2000
  2,578,744
  $1.60
  $.75
  to $4.63
  379,491
  $2.64

Stock-Based
CompensationThe Company adopted Statement of Financial Accounting
Standards No. 123, Accounting for Stock-Based Compensation (SFAS 123). SFAS
123 requires companies to recognize compensation expense associated with
stock-based compensation plans over the anticipated service period based on the
fair value of the award on the date of grant. 
However, SFAS 123 allows companies to continue to measure compensation
costs prescribed by APB Opinion No. 25 Accounting for Stock Issued to
Employees (APB 25).  Companies electing
to continue accounting for stock-based compensation plans under APB 25 must
make pro forma disclosures of net loss and loss per share, as if SFAS 123 had
been adopted.  The Company has continued
to account for stock-based compensation plans under APB 25.  The pro forma disclosure of the effect of
SFAS 123 on net loss and loss per share for the years ended December 31, 2000
and 1999 is presented below.  The fair
value of these options was estimated at the date of grant using a Black-Scholes
option pricing model with the following weighted-average assumptions for 2000
and 1999: risk-free interest rate of 5% and 6%, volatility factor of the
expected market price of the Companys common stock of .77 and .77, and an
option life per the option agreement. 
Fair value calculations assume no dividends will be paid on the
Companys common stock.  The weighted
average fair value of options granted during the year ended December 31, 2000
was $1.58.



2000
  1999Pro forma net loss
  $(3,861,258)
  $(2,065,053)Pro forma net loss per common share - basic
  and diluted
  $(.40)
  $(.31)6. Income Taxes

The
Company has net operating loss carryforwards of approximately $12,700,000 at
December 31, 2000 expiring at various times beginning 2008 that can be used to
offset future taxable income. These carryforwards are subject to the
limitations of the Internal Revenue Code Section 382 in the event of certain
changes in the equity ownership of the Company.

Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amounts of assets and liabilities for financial reporting purposes and
the amounts used for income tax purposes.

Components of the deferred tax asset are
as follows at December 31:

2000
  1999Net operating loss carryforwards
  4,410,000
  3,153,000Less: valuation allowance
  (4,410,000)
  (3,153,000)Net deferred tax asset
  $
  $

7. Retirement Savings
Plan

The
Company has a pre-tax salary reduction/profit sharing plan under the provisions
of Section 401(k) of the Internal Revenue Code, which covers employees meeting
certain eligibility requirements.  The
plan does not currently allow for Company contributions.

8. Lease Commitment

The
Company leases its administrative facilities under an operating lease.  The lease requires monthly rental payments
of $8,228 increasing to $8,914 over the life of the lease and their prorata
share of operating expenses.  The
current lease expires on June 30, 2003, with an option to extend the lease term
for an additional five years.  Rent
expense, excluding operating expenses, was $96,679 and $92,565 for the years
ended December 31, 2000 and 1999.

At
December 31, 2000, future minimum lease payments under operating leases are as
follows:



2001
  $100,7932002
  104,9072003
  53,482$259,1829. Employment
Agreements

At
December 31, 2000, the Company has employment agreements with two
employees.  The agreements allow for
wage continuation for up to twelve months in the event of a change in control
of the Company or termination without cause.

10. Significant
Customers

Revenues
to three customers were 43%, 32% and 17% of revenues in 2000 and 54%, 32% and
0% of total trade accounts receivable at December 31, 2000.  Revenues to two customers were 52% and 36%
of revenues in 1999 and 54% and 41% of total trade accounts receivable at
December 31, 1999.

Item 8.Changes In and Disagreements With Accountants on
Accounting and Financial Disclosure.

None

PART III

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

Paul F. Lidsky,47, joined
the Company as President and CEO in September 1997 with 15 years of telecommunication
experience.  Prior to this, he served as
the Executive Vice President, Strategy and Business Development for Norstan,
Inc.  In this position, he was
responsible for the development of corporate strategies, market positioning and
new business development.  This included
the identification of acquisition targets and leadership of Norstans
acquisition teams.  His prior positions
with Norstan included Executive Vice President-Norstan Integration Services,
Vice President of Sales and General Manager of the Ohio Branch.  Mr. Lidsky was a Product Manager with
Electronic Engineering Company when it was acquired by Norstan, Inc. in
1985.  Mr. Lidsky is on the Board of
Directors for Datalink Corporation.

Kaye R. OLeary,41, joined
the Company as Vice President, Chief Financial Officer in April 2000, bringing
with her over 15 years of extensive financial management and business planning
experience.  Prior to joining OneLink,
Ms. OLeary was Vice President of Business Planning for Carlson Companies, Inc.
 From 1988-92, she held management
positions with Dallas-based A.H. Belo Corporation, including Controller for
WFAA Television, Inc. and Manager of Corporate Financial Planning and Analysis.  Ms. OLeary also serves on the Board of
Directors for the Girl Scout Council of Greater Minneapolis.

The
information required by Item 9 relating to election of directors and compliance
with 16(a) of the Exchange Act is incorporated herein by reference to the
sections labeled Election of Directors and Section 16(a) Beneficial
Ownership Reporting Compliance respectively, which appear in the Companys
Proxy Statement for its 2001 Annual Meeting of Shareholders.

Item 10.    Executive Compensation

The
information required by Item 10 is incorporated by reference to the sections
labeled Executive Compensation and Compensation of Directors in the
Companys Proxy Statement for its 2001 Annual Meeting of Shareholders.

Item 11.    Security Ownership of Certain
Beneficial Owners and Management

The
information required by Item 11 is incorporated by reference to the section
labeled Security Ownership of Certain Beneficial Owners and Management in the
Companys Proxy Statement for its 2001 Annual Meeting of Shareholders.

Item 12.    Certain Relationships and Related
Transactions

During
December 1999, the Company sold 113,426 shares of unregistered common stock to
Gregory Mohn and received a stock subscription receivable for $226,852 from Mr.
Mohn, an officer of the Company at that time. 
Payments on the stock subscription receivable are payable when payments
on the contingent stockholder notes payable, held by Mr. Mohn, are made by the
Company.  The outstanding balance on the
stock subscription receivable earns interest at 6%.  In addition, Mr. Mohn has pledged 113,426 shares of common stock
that he currently owns as collateral for the payment of  his obligations.  During 2000, payments, consisting primarily of interest, of
$15,386 were made on this subscription receivable. The principal balances of
the subscription receivable were $223,922 and $226,852 as of December 31, 2000
and 1999.

Item 13.Exhibits and Reports on
Form 8-K

(a)  ExhibitsExhibitNumber
  Description3.1
  Articles of Incorporation of the Company,
  as amended (a)4.1
  1994 Stock Option Plan, as amended (a)10.1
  Stock Option Agreement with Ronald E.
  Eibensteiner effective September 4, 1996 (b)10.2
  Agreement Between US WEST Communications,
  Inc. and OneLink Communications, Inc., dated November 11, 1997 [The Company
  has received confidential treatment for portions of this agreement.] (c)10.3
  Employment Agreement between Paul Lidsky
  and OneLink Communications, Inc. (c)10.4
  Amendment to Employment Agreement between
  Paul Lidsky and OneLink, Inc.10.5
  Change in Control Agreement between Kaye
  OLeary and OneLink, Inc.10.6
  Stock Option Agreements with Paul Lidsky
  dated September 2, 1997, and November 19, 1997 (c)10.7
  Agreement Between Cincinnati Bell Telephone
  Company and OneLink Communications, Inc., dated September 30, 1998 [The
  Company has received confidential treatment for portions of this agreement.]
  (d)23.1
  Consent of Virchow, Krause & Company,
  LLP (f.k.a. Lund Koehler Cox & Arkema, LLP) for fiscal years ending
  December 31, 1999 and 2000 (e)24
  Power of Attorney (Included on signature
  page)(a)
  Incorporated by reference to the Company's
  Registration Statement on Form SB-2 (File No. 33-90084C) filed March 7, 1995.(b)
  Incorporated by reference to the Company's
  Report on Form 10-KSB filed for the fiscal year ended December 31,1996 (File No.
  0-25764).(c)
  Incorporated by reference to the Company's
  Report on Form 10-KSB filed for the fiscal year ended December 31,1997 (File
  No. 0-25764)(d)
  Incorporated by reference to the Company's
  Report on Form 10-QSB filed for the quarterly period ended September 30, 1998
  (File No. 0-25764).(e)
  Please refer to Part II, Item 7 of this
  Form 10-KSB.(b)  Reports on Form 8-K

None.

SIGNATURES

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

OneLink, Inc.

/s/ Paul F. Lidsky
  March 
  27, 2001By: Paul F. Lidsky,
  DatePresident, CEO, & Director/s/ Kaye R. OLeary
  March 
  27, 2001By: Kaye R. OLeary, V.P. & CFO
  DatePursuant to the requirements of the
Securities Exchange Act of 1934, this report has been signed below by persons
on behalf of the Registrant and in the capacities and on the dates
indicated.  Each person whose signature
to this report on Form 10-KSB appears below hereby constitutes and appoints
Paul F. Lidsky and Ronald E. Eibensteiner, and each of them, as his or her true
and lawful attorney-in-fact and agent, with full power of substitution, to sign
on his or her behalf individually and in the capacity stated below and to
perform any acts necessary to be done in order to file all amendments to this
report on Form 10-KSB and any and all instruments or documents filed as part of
or in connection with this report on Form 10-KSB or the amendments thereto and
each of the undersigned does hereby ratify and confirm all that said
attorney-in-fact and agent, or his substitutes, shall do or cause to be done by
virtue hereof.



/s/ Ronald E. Eibensteiner
  March 27, 2001By: 
  Ronald E. Eibensteiner, 
       Chairman of the Board & Director
  Date/s/ Paul F. Lidsky
  March 27, 2001By: 
  Paul F. Lidsky, President,
  DateCEO & Director/s/ Mark N. Ricca
  March 27, 2001By: 
  Mark N. Ricca, Director
  Date______________
  March 27 , 2001By: 
  Vin Weber, Director
  Date/s/ Tom M. Kieffer
  March 27, 2001By: 
  Thomas M. Kieffer, Director
  Date