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, 1997.

                         Commission file number 0-25764

                          OneLink Communications, Inc.

      Minnesota                                            41-1675041
State of Incorporation                        I.R.S. Employer Identification No.

                          10340 Viking Drive, Suite 150
                             Eden Prairie, MN 55344
                                 (612) 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. [ ]

     The Company's  revenues for the fiscal year ended December 31, 1997 totaled
$ 2,296,335.

     The aggregate market value of the common stock held by nonaffiliates of the
registrant  as of March  17,  1998  was  approximately  $4,143,100  based on the
closing bid 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
17, 1998 was 4,991,696.

Transitional Small Business Issuer Format (Check One):

                                Yes ____ No _X__

                       Documents Incorporated By Reference

     Portions of the  registrant's  Proxy  Statement for its May 22, 1998 Annual
Meeting,  which will be filed by April 22, 1998, are  incorporated  by reference
into Items 9, 10, 11 and 12 of Part III.



<PAGE>

                          ONELINK COMMUNICATIONS, INC.

                                TABLE OF CONTENTS

                                                                         Page

PART I

      ITEM       1.  Description of Business............................

      ITEM       2.  Description of Properties..........................

      ITEM       3.  Legal Proceedings..................................

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

PART II

      ITEM       5.  Market for Registrant's Common Stock and Related
                     Stockholder Matters................................

      ITEM       6.  Management's Discussion and Analysis of Results of
                     Operations and Financial Condition..................

      ITEM       7.  Financial Statements and Supplementary Data.........

      ITEM       8.  Changes in and Disagreements with Accountants on
                     Accounting and Financial Disclosure.................

PART III

      ITEM       9.  Directors and Executive Officers of the
                     Registrant..........................................

      ITEM      10.  Executive Compensation..............................

      ITEM      11.  Security Ownership of Certain Beneficial Owners and
                     Management..........................................

      ITEM      12.  Certain Relationships and Related Transactions......

PART IV

      ITEM      13.  Exhibits and Reports on Form 8-K....................

Consolidated Financial Statement.........................................


<PAGE>

                                     PART I

Item 1.    Description of Business

General

OneLink Communications,  Inc. (the "Company" or "OneLink"),  was incorporated in
Minnesota  in  June,   1990.  The  Company   specializes  in  transforming   raw
telecommunications  data into  reports,  containing  information  pertaining  to
caller location, frequency of calls, unanswered calls, busy calls, etc, referred
to in the industry as "business  intelligence"  that enables  management to make
better informed and more accurate decisions. The company markets its TeleSmartTM
Data  Services  solutions  to  telecommunications  providers  who provide  these
services to their customers as value-added  enhancements to strengthen  customer
relationships and increase customer satisfaction, loyalty and retention.

Historically,  the Company has focused on the design,  development and operation
of interactive  voice response (IVR) systems.  OneLink's IVR systems  facilitate
caller  information  transactions  by collecting and  distributing  information,
creating  customer  databases  and  accessing   location-specific   services  by
telephone on a fully  automated  basis.  OneLink  provides  IVR  services  using
equipment and application  software  located at customer  locations or available
nationally  through 800 access at the Company  headquarters  in  Minnesota.  The
Company  is  shifting  its  focus  away  from  the   deployment  of  interactive
technologies  and solutions  and is focusing on becoming a management  reporting
and business intelligence partner for telephone companies.

Products and Services

The Company  provides a wide range of business  intelligence  services using its
in-house  data  processing  facilities  and  expertise.  The Company also offers
professional  services  aimed at  supporting  the  consulting,  development  and
implementation needs of its customers.

TeleSmartTM Data Services
OneLink's TeleSmartTM service 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.
OneLink's data  processing  and database  expertise and its  proprietary  use of
Geographic Information Service (GIS) methodology enables OneLink to track caller
information and assemble it into coherent  reports.  These reports  strengthen a
customer's insight into their 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.

The Company is attempting  to expand its  TeleSmartTM  Data Services  within the
telecommunications  industry by offering enhanced reporting and mapping services
for business  analysis and marketing  purposes.  The Company has developed these
new  TeleSmartTM  products and services with the intention of focusing its sales
efforts  on the  Regional  Bell  Operating  Centers  (RBOCs),  new Local  Access
Carriers, existing InterExchange Carriers and the Teleservices Industry.

Call Graphics Software
Specifically created for the Company's TeleSmartTM Data Services customers, this
software allows for the easy  customization of enhanced call management  reports
at the desktop.  This capability gives TeleSmartTM  customers the opportunity to
fine-tune the reports they receive to meet specific business intelligence needs.

Interactive Information Services
OneLink's  interactive  information  services  are  designed for a wide range of
corporate applications. The OneLink interactive information services offer

<PAGE>

fully automated  solutions to customers  whose  activities  include  dispensing,
receiving  and  managing  information.  The basic  system  permits  easy modular
configuration  to serve specific tasks.  The Company  provides these services to
businesses in the media, finance and retail industries.


Single Number Service
OneLink's Single Number Service (SNS) systems and services are designed to serve
companies,  that have multiple  locations  within a local  calling  metropolitan
area.  SNS  immediately  routes  customer  calls,  on the basis of the  caller's
location,  to  a  company's  location  closest  to  the  point  where  the  call
originated.  The Company provides this service by creating a geographic  routing
database  which  resides in the local  telephone  switches of many Regional Bell
Operating  Companies  (RBOCs).  The Company also has  equipment  and  geographic
routing database software located at customer locations to provide this service.


Industry Background

The  Telecom 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 phone 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 market,
develop and implement  enhanced  services like call  management  reports and end
user software. 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.

Interactive  computer  telephony,  including  IVR  systems,  has  become a major
component  in  providing  both  product and service  differentiation  within the
telecommunications industry. However, these products are increasingly viewed and
priced as commodity  products with the only real value placed on the application
development.  There are many sources of  interactive  technology  and  solutions
which  also  leads  to  competition  and  price  sensitivity.  Because  of this,
OneLink's  management  has  decided  to  focus  more  of  its  resources  on the
development of its TeleSmartTM products for the foreseeable future.


Systems Design

The  Company's  systems  are  designed  using an open  architecture  for maximum
flexibility   with  respect  to  the  adoption  of  new  modular   applications,
customization of specific applications and incorporation of new technology.  The
systems are an integration of proprietary  software with products from a variety
of leading  outside  software  vendors.  Each system is designed  around a basic
modular  architecture and an interactive  database module. The Company's systems
primarily  use  industrial  grade micro  computer  hardware  supplied by various
manufacturers.  All OneLink  applications  utilize NT and UNIX operating  system
software  in order to  manage  the  complex  requirements  of new  services  and
increasing call volumes and to readily allow user specific customization.


Sales and Marketing

The Company's primary sales and marketing strategy focuses on providing enhanced
management reporting and business  intelligence services to telephone companies.
The  Company  sells  its  products  directly  though  its own  sales  force  and
indirectly  through business  alliances.  OneLink sales  representatives  attend
trade shows likely to attract users of its products,  advertises in publications
tailored to businesses  having the potential to use the Company's  products and,
in addition,  uses direct mailing,  telephone and personal  contact to reach its
markets.

<PAGE>

Primary Customers

During 1997, the Company's  revenues  totaled  $2,296,335.  Revenue from US WEST
Communications,  Inc.,  primarily  for the  development  and  implementation  of
OneLink's  TeleSmartTM product,  accounted for approximately  $793,500 or 35% of
total revenue.  The Company's next four largest customers accounted for combined
revenues of approximately $541,250 or 23.6% of total revenues.

Competition

The Company is not aware of any  current  competitor  who  provides a product or
service  materially  similar  to  TeleSmartTM  Data  Services  or Call  Graphics
Software. Some RBOCs have previously offered segments of management reports that
are similar to those  created by the  Company's  TeleSmartTM  Data  Services but
prior to OneLink's 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 OneLink's products and services in this area. However,  the Company
believes  time to market is a key success  factor and at this time,  the Company
believes they are first to market with these products.

The  Company's  interactive  voice  response  systems and  services  represent a
rapidly  evolving  market with  competition  from many  companies  pursuing  the
development of competing  interactive  computer telephony  systems.  Most of the
Company's competitors have substantially greater capital resources, research and
development staffs and facilities,  and greater experience in the production and
marketing of products than the Company,  and as such, may represent  significant
long-term competition for the Company

Regulatory Environment

The Company's 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.  However,  there can be no  assurance  that the
current  regulatory  environment  will not  change  significantly.  Furthermore,
although the Company is not actively attempting to place its products in foreign
markets,  any effort to do so in the future will be dependent on the  regulatory
environment in such markets.

Research and Development

During the years ended  December  31,  1997,  1996 and 1995,  the Company  spent
approximately $349,046,  $367,792, and $567,000,  respectively,  on research and
development.  The Company's  research and development  expenses for 1995 through
1997 were incurred in connection  with the conversion of its systems from DOS to
a UNIX  based  environment,  development  and  upgrading  of its  broadcast  and
on-demand fax technology  and enhancing its edit station.  The 1995 research and
development  expenses  also  included  Geographic   Information  System  mapping
capabilities.

Employees

As of  December  31, 1997 the  Company  had 19  employees,  including 2 in sales
positions,  6 in administration and finance, 5 in customer and system support, 3
in product research and development and 3 in Geographic Information Systems. The
Company  has a  relationship  with two  independent  contractors  and may,  from
time-to-time, use other outside contractors for specific projects. The Company
believes  its  relations  with  its  employees  are good.  None of the Company's
employees are represented by a labor union.

<PAGE>


Year 2000 Review

During the fourth quarter 1997, the Company conducted a review of its operations
and systems to identify the impact of the  so-called  Year 2000 issue.  The Year
2000 issue,  which is common to many  corporations  concerns  the  inability  of
information systems, primarily computer hardware and computer software programs,
to properly  recognize and process  date-sensitive  information as the year 2000
approaches.  The review of the Company's  operations indicated that the software
created by the Company and the software  and  hardware  used by the Company will
not require  Year 2000  modifications.  The Company  currently is not aware of a
situation  where any of its vendors will experience Year 2000 problems that will
have a material effect on the Company. The Company does not anticipate incurring
material expenses relating to the Year 2000 issue.

Item 2.    Property

The Company  leases  approximately  10,750 square feet of commercial  office and
warehouse  space for  $11,074.25 per month plus utilities at 10340 Viking Drive,
Suite 150, Eden Prairie,  Minnesota  55344 under a lease which will terminate on
June 30, 1998. The Company is currently  evaluating its option regarding renewal
of its current lease or moving to new facilities  within the Southwest region of
the Minneapolis suburbs.

Item 3.    Legal Proceedings

On March 8, 1996, Don Lomax, a former  employee,  filed suit against the Company
alleging breach of an unsigned  employment  contract.  Mr. Lomax sought specific
performance of the terms of the instrument. The Company denied Mr. Lomax's claim
and  counterclaimed for breaches of a non-compete  agreement.  On March 18, 1998
this suit was  settled  outside of court with the  Company  agreeing  to pay Mr.
Lomax $20,000.

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

In 1997, the Company's  Common Stock was traded in the  over-the-counter  market
with prices quoted on the Nasdaq  SmallCap  Market under the symbol  "ONEL".  On
February  26, 1998,  the  Company's  Common  Stock was delisted  from the Nasdaq
SmallCap  Market for failure to meet the new net tangible  asset rules that went
info effect on February 23, 1998. The Company's 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 the  Company's
Common Stock as reported by Nasdaq for the periods indicated:

                                         Year Ending December 31, 1997
                                         High                     Low
         First Quarter                 $ 2.375               $  1.0000
         Second Quarter                  2.750                  1.5000
         Third Quarter                   1.750                  1.1875
         Fourth Quarter                  2.625                  1.0000


                                         Year Ending December 31, 1996
                                         High                     Low
         First Quarter                 $ 4.125                 $ 1.875
         Second Quarter                  3.500                   2.000
         Third Quarter                   2.391                   1.375
         Fourth Quarter                  2.750                   1.750

<PAGE>

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 holders of record of the Common Stock as of March 17, 1998
was 900.

The Company has never  declared or paid a cash  dividend on its Common Stock and
does not anticipate paying any cash dividends in the foreseeable future.

In the first quarter of 1997,  the Company issued 22,865 shares of Common Stock,
at $.66 per  share,  to a holder of an  outstanding  warrant  upon the  holder's
exercise of such  warrant.  This was a non-cash  transaction.  The holder of the
warrants  originally had 35,035  warrants.  The calculation of 22,865 shares was
based on the fair market value of $1.90 per share.

In the third quarter of 1997,  the Company raised  $2,000,000  through a private
placement of Units ( the "Units").  Each Unit  consisted of 50,000 shares of the
Company's  common stock and warrants to purchase an additional  50,000 shares of
common stock.  The Units were offered pursuant to Section 4(2) of the Securities
Act of 1933, as amended and were made only to "Accredited  Investors" as defined
by Rule 501 of Regulation D promulgated under the Securities Act and Laws.

In the fourth quarter of 1997, the Company issued 25,000 shares of Common Stock,
at $.01 per  share,  to a holder of an  outstanding  warrant  upon the  holder's
exercise of such warrant.  The Company  relied on Section 4(2) of the Securities
Act of 1933, as amended.


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.
<TABLE>
<CAPTION>


                                                                    For Twelve Months Ended December 31
                                                                 1997               1996              1995
                                                                 ----               ----              ----
        <S>                                                    <C>                <C>               <C>
        Revenues                                               100.0%             100.0%            100.0%
        Cost of revenues                                        57.3%              50.2%             57.0%
        Gross Profit                                            42.7%              49.8%             43.0%
        Research & development expenses                         15.2%              33.5%             82.0%
        Selling expenses                                        21.2%              33.3%             20.0%
        General & administrative expenses                       87.8%             147.5%            114.9%
        Goodwill                                                25.8%               4.9%              0.0%
        Total operating expenses                               150.1%             219.2%            216.8%
        Interest & other income/(expense)                      (1.8%)             (3.3%)             23.9%
        Net Income                                           (109.2%)           (172.6%)          (149.9%)

                        Year Ended December 31, 1997 Compared to Year Ended December 31, 1996

</TABLE>


Revenues
The Company's  revenues for the period ending December 31, 1997 were $2,296,335,
an increase of $1,197,205 or 108.9%  compared to the same period ended  December
31, 1996. The Company  recognized  approximately  $770,000 in revenue related to
its new product,  TeleSmartTM services. Revenues from the Company's IVR business
line  increased  approximately  $400,000 with a majority of the increase  coming
from its services in the media and finance industry. Revenues from the Company's
Mapping Services increased by approximately $39,000.

<PAGE>

Cost of Revenues and Gross Profit
The  Company's  cost of revenues  for the period  ending  December  31, 1997 was
$1,315,557  compared  to $551,393  for the same  period in 1996,  an increase of
$764,164, or 138.6%. A large portion of the increase, approximately $584,000, is
related to the development cost of the Company's new TeleSmartTM services.  Cost
of revenues for the Company's IVR business increased  approximately $180,000 and
were primarily  related to the media and finance  industry.  The gross profit of
$980,778 for the twelve month period ended  December 31, 1997, is an increase of
79.1% over the previous  year.  Gross  profit,  as a percentage  of revenues was
42.7%  compared  to 49.8%  for the same  period  in 1996.  The  decrease  in the
Company's  gross profit  margin is  attributable  to the  start-up  phase of the
Company's TeleSmartTM services.

Research and Development Costs
Research and development expenses decreased $18,746 in 1997 to $349,046 compared
to $367,792 in 1996.

Selling Costs
For the year ended December 31, 1997,  selling  expenses  increased  $121,332 to
$487,567 compared to $366,235 for the same period in 1996, an increase of 33.1%.
This increase was primarily due to increased  sales personnel in the first three
quarters of 1997.

General and Administrative Costs
The Company's  general and  administrative  expenses for the year ended December
31, 1997 were $2,016,759  compared to $1,620,890 for the same period in 1996, an
increase  of  $395,869 or 24.4%.  Several  one time  events  contributed  to the
increase including:  personnel search costs of approximately  $117,000 for a new
President and for a Vice President of Sales and Marketing,  consulting  costs of
approximately $71,000 for an interim Chief Operating Officer, and the write-down
of liabilities and obsolete assets of approximately  $92,000.  In addition,  the
Company's  salary and benefit  expense grew  approximately  $110,000  related to
increased personnel.

Goodwill
The Company's  goodwill  amortization for the period ended December 31, 1997 was
$592,542  compared  to  $53,909  for the same  period in 1996,  an  increase  of
$538,633.  In 1997, the Company amortized and wrote-down all remaining  goodwill
related to the Company's acquisition of Provident Worldwide Communications.  The
asset of goodwill was  determined  to have been  impaired  because of the losses
related to Provident  and its  inability  to generate  future  operating  income
without substantial sales volume increase.

Other Income and Expense
Interest  income for the year ended  December  31, 1997 was $34,091  compared to
$94,295 for the same period in 1996.  The  decrease is due to the  reduction  of
interest bearing deposits  throughout 1997.  Interest expense for the year ended
December  31, 1997 was $77,452  compared to $16,193 for the same period in 1996.
The increase is primarily due to warrants  issued in connection  with the bridge
loans needed to fund the Company until a private placement of common stock could
be completed in September  of 1997.  Non-interest  income and expense  netted to
income of $1,622 in 1997  compared to expense of  $114,414 in 1996.  Included in
the balance for 1996 are expenses of approximately $99,000 related to an aborted
acquisition in 1996.

Net Loss
The Company  incurred a net loss of $2,506,875  for the year ended  December 31,
1997  compared  to a net  loss of  $1,897,401  for the  prior  year.  This in an
increase of $609,474 or 32.1%.


      Year Ended December 31, 1996 Compared to Year Ended December 31, 1995

<PAGE>

Revenues
The Company's  revenues for the period ending December 31, 1996 were $1,099,000,
an increase of $395,000 or 56.1%  compared to the same period ended December 31,
1995.  The  Company  recognized  approximately  $172,000  in  revenue  from  the
Company's  Single  Number  Service  product in 1996,  compared to  approximately
$376,000  for 1995.  This  represents  a decrease  of  $204,000,  or 54.3%.  The
decrease was due  partially  to sales of Single  Number  Service  systems in the
second and third quarters of 1995 and no comparable  sales in 1996. In 1996, the
Company received approximately $274,000 in revenue from operating leases between
OneLink and various newspaper publishing companies, up from $137,000 in 1995, an
increase of 100.0%.  Revenues  from the  Geographic  Information  Systems  (GIS)
products  were  $168,000  in 1996  compared  to $34,000 in 1995,  an increase of
$134,000 or 394%. Revenues from the sale of telephone access cards were $220,000
for the five months ended December 31, 1996. There were no telephone access card
sales in 1995.

Cost of Revenues and Gross Profit
The Company's cost of revenues increased approximately $150,000, or 37.5% in the
year ended  December 31, 1996 when  compared to the same period in 1995. A large
portion of the increase was due to the telephone  access card business which had
costs of  $101,000.  The gross  profit of $548,000  for the twelve  month period
ended  December 31, 1996,  is an increase of 80.7% over the same period in 1995.
Gross profit,  as a percentage  of revenues was 49.8%  compared to 43.0% for the
same period in 1995.

Selling Costs
For the year ended December 31, 1996, selling expenses were $366,235 compared to
$140,799  for the same  period in 1995,  an increase  of 161%.  The  increase of
$225,436  was  due to an  increase  in  sales  staff  and  the  operating  costs
associated with the acquired telephone access card business.

General and Administrative Costs
General  and  administrative  expenses  for the year  ended  December  31,  1996
increased  $812,149 or 100.4% to  $1,620,890  compared to $808,741  for the same
period in 1995. The Company had increased costs related to legal fees, severance
payments,   printing  and  advertising.   The  expenses  related  to  Geographic
Information  Systems were  included in the general and  administrative  costs in
1996 while they were included in research and development for 1995.

Research and Development Costs
Research and development  expenses decreased  approximately  $199,000 in 1996 to
$367,792  compared to $566,900 in 1995. During 1996, the expenses related to the
development  and  operations  of  its  Geographic  Information  Systems  mapping
capabilities  were  included in the general and  administrative  costs as stated
above.  The  remainder of the decrease was due to a decrease in the research and
development  staff and expenses in other  development areas as the number of new
systems under development declined during the middle of 1996.

Goodwill
In August of 1996,  the  Company  acquired  Provident  Worldwide  Communications
through the issuance of stock options and assumption of liabilities.  The excess
purchase  price over fair  value of net assets  acquired  was  $645,451  and was
recorded as goodwill.  The Company  amortized  goodwill using the  straight-line
method over five years and recorded goodwill amortization of $53,909 in 1996.

Other Income and Expense
For the year ended December 31, 1995 the Company  incurred  interest  expense of
$86,293,  primarily due to  outstanding  notes for Bridge Loans used to fund the
Company until an initial public offering of its common stock could be completed.
Subsequent to the initial public offering,  completed April 27, 1995, the Bridge
Loans  were  repaid  and excess  proceeds  were  invested  in  interest  bearing
instruments.  Interest expense for the year ended December 31, 1996 was $16,193,
related to interest on notes payable and equipment  leases.  Interest income for

<PAGE>

the year ended  December 31, 1996 was $94,295  compared to $122,074 for the same
period in 1995.  The  decrease  was due to the  reduction  of  interest  bearing
deposits in 1996.  Non-interest income and expense netted to expense of $103,414
in 1996 compared to income of $132,542 in 1995.  Included in those balances were
expenses of  approximately  $99,000  related to an aborted  acquisition in 1996,
compared to a write-off of approximately  $125,000 of liabilities related to the
Company's N11 services in 1995.

Net Loss
The Company  incurred a net loss of $1,897,401  for the year ended  December 31,
1996  compared to a net loss of $1,055,208  for the year ended 1995.  This in an
increase of approximately $842,000 or 79.8%.

Liquidity and Capital Resources

The Company had positive working capital of $79,775 and $677,158 at December 31,
1996 and December 31, 1997,  respectively.  During 1997, cash used in operations
was $1,142,506  primarily  resulting  from a net loss of  $2,506,875,  offset by
depreciation  of  $317,931,  goodwill  amortization  of  $592,542,  services and
interest paid by issuing  warrants valued at $221,983,  write-down of assets and
liabilities of $56,154 and a change in working capital of $175,760. Cash used in
1997 for  investing  activities  was  $340,757  for the purchase of property and
equipment.  An  additional  $1,836,581  was  provided  in  financing  activities
primarily  related to the $2,000,0000  private  placement closed in September of
1997.  If the  Company  continues  to  incur  losses  and use  cash at the  rate
established  in the  year  ended  December  31,  1997,  the  Company  will  need
additional  financing  by the end of the  fourth  quarter  of 1998 in  order  to
continue operations.

The  Company  has  reviewed  its  strategy  and  multiple  lines of  business to
determine  the best  course  of  action  to stem  ongoing  losses  and  generate
increased revenues.  As a result of the review, the Company has exited or scaled
back  its  operations  in  lines of  businesses  that  could  not  contribute  a
profitable cash flow and has elected to focus on providing  enhanced  management
reporting services to the telecommunication  industry. The Company's TeleSmartTM
Data Services and Call Graphics  Software combines raw  telecommunications  data
with  geographic  information  service  technology  to produce  enhanced  caller
reporting for business analysis and marketing purposes.  The Company will market
the new  TeleSmartTM  products  and  services  to the  Regional  Bell  Operating
Companies,  new Local Access Carriers,  existing  InterExchange Carriers and the
Teleservices Industry.

Management  believes that revenues to be generated from operations combined with
the proceeds from the 1997 private  placement  will be sufficient to support the
Company's working capital needs for the foreseeable future, assuming the Company
is able to generate  sufficient revenues and control expenses during fiscal year
1998.  As  a  result,   the  Company's  ability  to  meet  its  working  capital
requirements  in fiscal year 1998 will depend upon: (i)  generating  sales which
exceed the  Company's  fiscal  1997 sales;  and (ii)  avoiding  any  significant
increase in  expenses.  Failure to meet these  projections  will have a material
effect on the  Company's  ability to continue its  business.  Should the Company
seek additional financing, there is no assurance that additional capital will be
available  to the  Company  on  acceptable  terms or at all.  In order to obtain
additional  capital,  the Company may issue  equity  securities  at a price that
would result in dilution to existing shareholders.

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 that address
activities, events or developments that OneLink expects, believes or anticipates
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 general  economic  conditions,
changes in interest rates,  increased  competition in the Company's market area,
increased regulation of the telecommunications industry generally.


<PAGE>

Item 7.    Financial Statements

                         Report of Independent Auditors

To the Shareholders
OneLink Communications, Inc.

We  have  audited  the  accompanying  consolidated  balance  sheets  of  OneLink
Communications,  Inc.  (formerly  MarketLink,  Inc.) as of December 31, 1997 and
1996,  and the related  consolidated  statements  of  operations,  shareholders'
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  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all  material   respects,   the  consolidated   financial  position  of  OneLink
Communications, Inc. at December 31, 1997 and 1996, and the consolidated results
of its  operations  and its cash flows for the years then ended,  in  conformity
with generally accepted accounting principles.

As discussed in Note 14 to the financial  statements,  the  Company's  recurring
losses and negative cash flows from operations raise substantial doubt about its
ability to continue as a going concern  without  obtaining  additional  capital.
Management's  plans as to these matters are also  described in Note 14. The 1997
financial  statements do not include any adjustments  that might result from the
outcome of this uncertainty.

                                                 /s/ Ernst & Young, L.L.P.
Minneapolis, Minnesota
February 27, 1998


OneLink Communications, Inc.
Consolidated Balance Sheets
<TABLE>
<CAPTION>

                                                                                   December 31
                                                                             1997              1996
                                                                       ------------------------------------
<S>                                                                         <C>             <C>
Assets
Current assets:
   Cash and cash equivalents                                                 $1,074,556      $   709,026
   Trade accounts receivable, net of allowance for doubtful accounts
     of $10,000 and $60,000 in 1997 and 1996, respectively
                                                                                136,802          114,601
   Minimum lease payments receivable                                             17,100           34,200
   Computer parts and supplies, net of reserve for obsolescence of
     $12,000 in 1996                                                              4,032           40,969
   Prepaid expenses                                                              39,655           40,254
                                                                       ------------------------------------
Total current assets                                                          1,272,145          939,050

Property and equipment:
   Furniture and equipment                                                      785,696          951,848
   Equipment leased to others                                                   273,607          315,745
                                                                       ------------------------------------
                                                                              1,059,303        1,267,593
   Accumulated depreciation                                                    (508,975)        (563,054)
                                                                       ------------------------------------
                                                                                550,328          704,539

</TABLE>


<PAGE>

<TABLE>
<CAPTION>

<S>                                                                       <C>             <C>
Other assets:
   Investment in sales type leases                                                    -           17,100
   Deposits                                                                      35,311          285,885
   Goodwill, net of amortization of $53,909 in 1996                                   -          592,542
                                                                       ------------------------------------
Total other assets                                                               35,311          895,527

                                                                       ------------------------------------
Total assets                                                                 $1,857,784       $2,539,116
                                                                       ====================================

Liabilities and shareholders' equity Current liabilities:
   Accounts payable                                                        $     74,125      $   239,277
   Current maturities of long-term debt                                          33,773           69,206
   Accrued expenses                                                             343,366          312,437
   Customer deposits                                                                  -          197,175
   Deferred revenue                                                             143,723           41,180
                                                                       ------------------------------------
Total current liabilities                                                       594,987          859,275

Unearned lease income                                                               313            4,469
Long-term debt, net of current maturities                                         5,735           52,689

Shareholders' equity:
   Common Stock, par value $.01 per share:
     Authorized shares--1997-50,000,000 and
       1996-10,000,000
     Issued and outstanding shares:
       1997--4,991,696 and 1996--2,943,831                                       49,917           29,438
   Additional paid-in capital                                                 8,467,125        6,346,663
   Accumulated deficit                                                       (7,260,293)      (4,753,418)
                                                                       ------------------------------------
Total shareholders' equity                                                    1,256,749        1,622,683

                                                                       ------------------------------------
Total liabilities and shareholders' equity                                   $1,857,784       $2,539,116
                                                                       ====================================
See accompanying notes.


OneLink Communications, Inc.
Consolidated Statements of Operations
                                                                              Year ended December 31
                                                                               1997             1996
                                                                        ------------------------------------

     Revenues                                                                 $2,296,335        $1,099,130
     Cost of revenues                                                          1,315,557           551,393
                                                                        ------------------------------------
     Gross profit                                                                980,778           547,737

     Operating expenses:
        Selling                                                                  487,567           366,235
        Research and development                                                 349,046           367,792
        General and administrative                                             2,016,759         1,620,890
        Goodwill amortization and writedown                                      592,542            53,909
                                                                        ------------------------------------

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

     <S>                                                                   <C>                <C>
     Total operating expenses                                                  3,445,914         2,408,826
                                                                        ------------------------------------
     Operating loss                                                           (2,465,136)       (1,861,089)

     Other income (expense):
        Interest income                                                           34,091            94,295
        Interest expense                                                         (77,452)          (16,193)
        Other income and expense                                                   1,622          (114,414)
                                                                        ====================================
     Net loss                                                                $(2,506,875)      $(1,897,401)
                                                                        ====================================

     Net loss per common share:
        Basic and diluted                                                        $(.71)           $(.65)

     Weighted average number of shares outstanding:
        Basic and diluted                                                      3,549,401         2,940,439

     See accompanying notes.

</TABLE>


OneLink Communications, Inc.
Consolidated Statement of Shareholders' Equity

<TABLE>
<CAPTION>


                                                           Common Stock         Additional                      Total
                                                    ---------------------------  Paid-In      Accumulated   Shareholders'
                                                       Shares       Amount       Capital        Deficit         Equity
                                                    ------------------------------------------------------------------------
<S>                                                    <C>           <C>         <C>           <C>             <C>
Balance at December 31, 1995                           2,931,414     $29,314     $6,081,148    $(2,856,017)    $3,254,445
   Issuance of stock options in connection with
     purchase of Provident on August 2, 1996                   -           -        265,645              -        265,645
   Exercise of stock warrants                             12,417         124           (130)             -             (6)
   Net loss                                                    -           -              -     (1,897,401)    (1,897,401)
                                                    ------------------------------------------------------------------------
Balance at December 31, 1996                           2,943,831      29,438      6,346,663     (4,753,418)     1,622,683
   Private placement net of expenses of $81,282        2,000,000      20,000      1,898,708              -      1,918,708
   Exercise of stock warrants                             47,865         479           (229)             -            250
   Issuance of warrants for service                            -           -        167,383              -        167,383
   Issuance of warrants in connection with
     bridge financing                                          -           -         54,600              -         54,600
   Net loss                                                    -           -              -     (2,506,875)    (2,506,875)
                                                    -----------------------------------------------------------------------
Balance at December 31, 1997                           4,991,696     $49,917     $8,467,125    $(7,260,293)    $1,256,749
                                                    ========================================================================

See accompanying notes.

</TABLE>

<PAGE>

OneLink Communications, Inc.
Statements of Cash Flows

<TABLE>
<CAPTION>

                                                                             Year ended December 31
                                                                             1997              1996
                                                                       ------------------------------------
<S>                                                                        <C>              <C>
Operating activities
Net loss                                                                   $(2,506,875)     $(1,897,401)
Adjustments to reconcile net loss to net cash used in operating
   activities:
     Depreciation                                                              317,931          270,449
     Amortization and write-down of goodwill                                   592,542           53,909
     Write-down of assets                                                      164,816                -
     Write-off of accounts payable                                            (108,662)         (11,000)
     Warrants issued for bridge financing                                       54,600                -
     Warrants issued for services                                              167,383                -
     Net gain on sale of property and equipment                                 12,221           (5,320)
     Changes in operating assets and liabilities:
       Trade accounts receivable                                               (22,201)             (11)
       Minimum lease payments receivable                                        17,100                -
       Computer parts and supplies                                              36,937           82,681
       Prepaid expenses and deposits                                           251,173         (251,204)
       Investment in sales type leases                                          12,944           25,883
       Accounts payable and accrued expenses                                   (25,561)         173,776
       Customer deposits                                                      (197,175)         197,175
       Deferred revenue                                                        102,543          (40,839)
                                                                       ------------------------------------
Net cash used in operating activities                                       (1,130,284)      (1,401,902)

Investing activities
Purchases of property and equipment                                           (376,257)        (373,762)
Sale of equipment                                                               35,500           79,484
                                                                       ------------------------------------
Net cash used in investing activities                                         (340,757)        (294,278)

Financing activities
Net proceeds from short-term debt                                              350,000            7,537
Payments on short-term and long-term notes payable                             (82,387)        (323,102)
Proceeds from issuance of common stock                                       1,568,708                -
Proceeds from warrants exercised                                                   250                -
                                                                       ------------------------------------
Net cash provided by (used in) financing activities                          1,836,571         (315,565)
                                                                       ------------------------------------

Increase (decrease) in cash and cash equivalents                               365,530       (2,011,745)
Cash and cash equivalents at beginning of year                                 709,026        2,720,771
                                                                       ------------------------------------
Cash and cash equivalents at end of year                                    $1,074,556     $    709,026
                                                                       ====================================
Supplemental Cash Flow Information
Issuance of stock options in connection with Provident acquisition     $              -     $   265,645
Conversion of short-term debt into common stock                                350,000                -
Liabilities assumed in purchase of Provident                                         -          380,806

See accompanying notes.

</TABLE>

<PAGE>

OneLink Communications, Inc.
Notes to Consolidated Financial Statements

1. Description of Business
OneLink Communications,  Inc. (the "Company" or "OneLink"),  was incorporated in
Minnesota  in  June,   1990.  The  Company   specializes  in  transforming   raw
telecommunications  data into  reports,  containing  information  pertaining  to

<PAGE>

caller location, frequency of calls, unanswered calls, busy calls, etc. referred
in the  industry to "business  intelligence"  that  enables  management  to make
better   informed  and  more  accurate   decisions.   The  Company  markets  its
TeleSmart(TM)  Data  Services  solutions  to  telecommunications  providers  who
provide  these  services  to their  customers  as  value-added  enhancements  to
strengthen customer  relationships and increase customer  satisfaction,  loyalty
and retention.

Historically,  the Company has focused on the design,  development and operation
of interactive  voice response (IVR) systems.  OneLink's IVR systems  facilitate
caller  information  transactions  by collecting and  distributing  information,
creating  customer  databases  and  accessing   location-specific   services  by
telephone on a fully  automated  basis.  OneLink  provides  IVR  services  using
equipment and application  software  located at customer  locations or available
nationally  through 800 access at the Company  headquarters  in  Minnesota.  The
Company  is  shifting  its  focus  away  from  the   deployment  of  interactive
technologies  and solutions  and is focusing on becoming a management  reporting
and business intelligence partner for telephone companies.

2. Summary of Accounting Policies

Consolidated Financial Statements
The financial  statements include the accounts of OneLink  Communications,  Inc.
and  its  wholly-owned  subsidiary,  Provident  Worldwide  Communications,  Inc.
("Provident").  All  references  to the  Company in these  financial  statements
relate to the consolidated  entity.  All significant  intercompany  accounts and
transactions are eliminated in consolidation.

Revenue Recognition
Revenue for operating leases and services is recognized at the end of each month
in which  service is  provided.  Revenue  for  product  sales is  recorded  upon
shipment.  Revenue on certain  contracts may require revenue  recognition  under
contract  accounting  rules,  whereby  revenue  is  recognized  on a  percentage
completion basis.

Deferred  revenue  consists of amounts  paid by customers  for future  services.
Deferred revenues are recognized on a straight-line basis over the period of the
service agreement or upon completion of the contract.

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

Stock-Based Compensation
The 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  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 the  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 Equivalents
The Company  considers  all highly liquid  investments  with a maturity of three
months or less when  purchased to be cash  equivalents.  The carrying  amount of
cash equivalents, which are available-for-sale, approximates market value.

Computer Parts and Supplies
Computer parts and supplies are valued at the lower of cost, first-in, first-out
(FIFO) method, or market.

Property and Equipment
Property and equipment is stated at cost.  Depreciation and amortization expense
is  recognized  on the  straight-line  basis  over a three  to five  year  life.
Equipment leased to others is depreciated over the life of the lease.

<PAGE>

The present values of capital lease obligations are classified as long-term debt
and related  assets are included in furniture  and  equipment.  Amortization  of
equipment under capital leases is included in depreciation expense.

Income Taxes
The Company  accounts  for income  taxes using the  liability  method.  Deferred
income  taxes are  provided  for  temporary  differences  between the  financial
reporting and tax bases of assets and liabilities.

Net Loss Per Share
In February  1997,  the  Financial  Accounting  Standards  Board  (FASB)  issued
Statement No. 128,  Earnings Per Share.  Statement  128 replaced the  previously
reported  primary and fully  diluted  earnings  per share with basic and diluted
earnings per share.  Unlike primary earnings per share, basic earnings per share
excludes any dilutive effects of options,  warrants, and convertible securities.
Diluted  earnings per share is very  similar to the  previously  reported  fully
diluted  earnings per share. All earnings per share amounts for all periods have
been presented,  and where  necessary,  restated to conform to the Statement 128
requirements.

Impairment of Long-Lived Assets
The  Company  will  record  impairment  losses  on  long-lived  assets  used  in
operations when indicators of impairment are present and the  undiscounted  cash
flows  estimated  to be  generated  by those  assets  are less than the  assets'
carrying amount.

Goodwill
Goodwill  represented  the excess of cost over the fair value of  Provident  net
assets  acquired and was  amortized on a  straight-line  basis over 5 years (see
Note 3).

Reclassifications
Certain  amounts in the 1996  financial  statements  have been  reclassified  to
conform to the 1997 presentation.

3. Acquisition/Disposal

On August 2, 1996, the Company  acquired the business and  substantially  all of
the assets of Provident Worldwide  Communications,  Inc. (Provident) through the
issuance of 230,000 options valued at $265,645 and the assumption of $380,806 in
net liabilities.

The  acquisition  was accounted for using the purchase method of accounting and,
accordingly,  the cost was  allocated to the assets based on their fair value at
the date of acquisition. The excess of purchase price over fair value of the net
assets  acquired was $646,451 and was allocated to goodwill.  In September 1997,
the  Company  recorded  a  goodwill  write-down  of  $510,696.   The  write-down
eliminates all remaining  goodwill of the Company  related to the acquisition of
Provident. The value of goodwill was determined to have been impaired because of
the losses related to Provident and its inability to generate  future  operating
income without substantial sales volume increases. Prior to September,  goodwill
was amortized using the  straight-line  method over five years. The Company then
sold the  remaining  assets of the access card  operations.  The assets sold for
approximately  $35,500.  The total effect of the  write-down of goodwill and the
sale of the assets resulted in a loss of approximately  $500,000.  The Company's
consolidated statements of operations include the operating results of Provident
from the date of purchase through the date of disposal.  The pro forma impact of
the  Provident  acquisition  is  immaterial  to the  Company's  1996  results of
operations.

4. Other Accrued Liabilities

At December 31, 1995, the Company  reclassified  $244,544 from accounts payable.
The majority of this represented  liabilities  related to the pursuit of the N11
application in Atlanta,  Georgia in 1993 and 1994. The Company ceased pursuit of
this market during 1995. Of the $244,544 balance, $108,662, $11,000 and $124,882
were  written off in 1997,  1996 and 1995,  respectively,  as services  were not
received  or   implemented.   The  write-offs   were  included  in  general  and
administrative expenses.

<PAGE>

5. Capital and Operating Leases

The Company accounts for certain leases of systems meeting specified criteria as
sales-type  leases.  Future minimum lease payments to be received are as follows
at December 31, 1997:

      1998                                                     $17,100
      Unearned lease income                                       (313)
                                                         ------------------
                                                               $16,787
                                                         ==================

The  Company is a lessor of data  systems  under  operating  leases  expiring in
various years through 2000. The Company also has a number of ongoing leases with
customers that are currently on a  month-to-month  basis.  At December 31, 1997,
minimum  future rentals to be received from  non-cancelable  leases with initial
terms in excess of one year are as follows:

      1998                                                       $367,400
      1999                                                        147,700
      2000                                                        116,533
                                                           ------------------
      Total                                                      $631,633
                                                           ==================

At December 31, 1997 and 1996,  accumulated  depreciation on equipment leased to
others was $231,749 and $210,745, respectively.

6. Long-Term Debt

Long-term debt consists of the following at December 31:
<TABLE>
<CAPTION>

                                                                             1997              1996
                                                                        ---------------- -----------------
   <S>                                                                   <C>                <C>
   Notes payable to related parties, due in monthly installments of
     $1,000 noninterest bearing                                           $         -        $   7,537
   Notes payable, due in monthly installments of $2,894 plus
     interest at 10%, unsecured                                                35,714           71,644
   Capital leases payable, imputed interest from 13% to 24%, due in
     monthly installments of $3,237, secured by equipment
                                                                                3,794           42,714
                                                                        ---------------- -----------------
                                                                               39,508          121,895
   Less amount due within one year                                             33,773           69,206
                                                                        ---------------- -----------------
                                                                             $  5,735         $ 52,689
                                                                        ================ =================

</TABLE>


Long-term debt of $5,735 at December 31, 1997 matures in 1998.

Interest paid was $77,452 in 1997 and $29,182 in 1996.

7. 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 notes totaling  $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 any options will be exercised,  thereby  requiring  payments on the
notes.  Consequently,   no  liability  has  been  recorded  in  these  financial
statements  for  these  stockholder  notes  payable  as  repayment  is  strictly
contingent upon the exercise of options under the Company's stock option plan.

<PAGE>

8. Shareholders' Equity

The Company  completed a private  placement  of Common Stock in 1997 in which it
sold 2,000,000 shares of Common Stock,  resulting in net proceeds to the Company
of $1,918,708.

9. Warrants and Stock Options

In  September  1997,  the Company  completed a private  placement of 40 Units at
$50,000.00  per unit.  Each Unit  consisted  of 40,000  shares of the  Company's
Common  Stock and a warrant to purchase an  additional  50,000  shares of Common
Stock at $1.50 per share.  The Company also issued  warrants to the agent in the
private placement to purchase 146,000 shares of Common Stock at $1.00 per share.
These warrants expire on September 15, 2000.

During  1997,  the  Company  borrowed an  aggregate  of  $350,000  from  certain
investors including a director,  under 9% unsecured notes due in seven months or
upon  receipt of proceeds  form the  private  placement  and issued  warrants to
purchase 105,000 shares of Common Stock at an exercise price of $1.28 per share.
The warrants are  exercisable  until the year 2000.  The value of these warrants
was determined to be $54,600 on the date of grant using a  Black-Scholes  option
pricing  model  with  the  following  weighted-average  assumptions:   risk-free
interest rate of 5.81%, a volatility  factor of the expected market price of the
Company's  Common  Stock of .53 and a warrant  life of three  years.  The entire
$54,600 was charged to interest expense during the year ended December 31, 1997.
The entire amount  borrowed was converted to common stock as part of the private
placement, in September 1997.

In November  1997,  the Board of Directors  issued  warrants to purchase  25,000
shares of the  Company's  Common  Stock to outside  consultants  in exchange for
consulting  services.  These  warrants had an exercise price of $0.010 per share
and were  exercised in November 1997. The value of these warrants was determined
to be $49,750.

In December  1997,  the Board of Directors  issued  warrants to purchase  81,247
shares of the  Company's  Common  Stock to outside  consultants  in exchange for
providing  consulting  services  related to recruitment and hiring of personnel.
These warrants have an exercise price of $1.50 per share and are  exercisable to
the year 2004. The value of these warrants was determined to be $65,833.

In December  1997,  the Board of Directors  issued  warrants to purchase  64,500
shares of the  Company's  Common Stock to an outside  consultant in exchange for
consulting  services.  These  warrants have an exercise price of $1.50 per share
and are exercisable to the year 2000. The value of these warrants was determined
to be $38,000.

In December  1997,  the Board of Directors  issued  warrants to purchase  30,000
shares of the  Company's  Common Stock to an outside  consultant in exchange for
consulting  services.  These warrants have an exercise price for $1.13 per share
and expire on December 31, 2000.  The value of these  warrants was determined to
be $13,800.

The Company  established  a stock option plan in 1994 to provide  incentives  to
employees whereby 750,000 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.

Exercisable  options and warrants were 316,775 and 2,885,928,  respectively,  at
December 31, 1997 and 348,398 and 644,308,  respectively,  at December 31, 1996.
On January 3, 1997, the  shareholders  of OneLink  approved the grant of 600,000
stock  options to the President and 400,000 stock options to the Chairman of the
Board effective as of September 4, 1996. An increase in the stock option pool of
an additional  1,500,000 shares was approved by shareholders,  effective January
3, 1997.

<PAGE>

The following  table  summarizes  options and warrants to purchase shares of the
Company's Common Stock:

<TABLE>
<CAPTION>


                                                                 Weighted                        Weighted
                                     Shares                       Average                     Average Warrant
                                   Available      Options      Option Price      Warrants          Price
                                   for Grant    Outstanding      Per Share      Outstanding      Per Share
                                  -------------------------------------------- --------------------------------
<S>                                <C>            <C>              <C>          <C>                <C>
Balance at December 31, 1995           223,828       526,172       $3.53          656,808          $2.90
   Granted                          (1,752,046)    1,752,046        1.77                -
   Exercised                                 -             -                      (12,500)           .02
   Canceled                            546,701      (546,701)       2.63                -
                                  ----------------------------                 --------------
Balance at December 31, 1996          (981,517)    1,731,517        2.67          644,308           2.96
   Authorized                        1,500,000
   Granted                          (1,159,500)    1,159,500        1.41        2,451,747           1.44
   Exercised                                 -             -                      (60,035)           .39
   Canceled                          1,022,906    (1,022,906)       1.80         (150,092)          2.15
                                  ============================                 ==============
Balance at December 31, 1997           381,889     1,868,111       $1.55        2,885,928          $1.77
                                  ============================================ ================================

</TABLE>

The following table summarizes  information about the stock options  outstanding
at December 31, 1997:

<TABLE>
<CAPTION>


                                             Weighted Average                          Weighted Average
       Range of              Number             Remaining        Number Exercisable   Exercise Price of
    Exercise Price        Outstanding        Contractual Life                           Vested Options
-----------------------------------------------------------------------------------------------------------
    <S>                    <C>                   <C>                    <C>                <C>
     $.01 - $.99               87,500            3.7 years                    -            $    -
     1.00 - 2.50            1,756,262            8.0 years              294,380              1.91
    $2.51 - $3.85              24,349            5.9 years               22,395              3.75
                      -------------------------------------------------------------------------------------
        Total               1,868,111            7.78 years             316,775              2.04

</TABLE>


The  weighted  average  fair value of options  granted  during 1997 and 1996 was
$1.41 and $1.77, respectively.

<PAGE>

Stock-Based Compensation
Effective January 1, 1996 the Company adopted Statement of Financial  Accounting
Standards No. 123,  Accounting for Stock-Based  Compensation  ("SFAS 123"). SFAS
123 provides for 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 income and earnings 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
income and  earnings  per share for the years ended  December  31, 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 1997 and 1996:  risk-free  interest  rate of 5.81%  and  6.00%,
respectively:  volatility  factor of the expected  market price of the Company's
common  stock of .53 and .48,  respectively,  and an option  life of four years.
Fair value calculations assume no dividends will be paid on the Company's common
stock.

<TABLE>
<CAPTION>

                                                                            1997              1996
                                                                     --------------------------------------
<S>                                                                       <C>               <C>
Pro forma net loss                                                        $(3,004,720)      $(2,055,831)
Pro forma net loss per common share - basic and diluted                    $(.85)            $(.70)

</TABLE>

10. Income Taxes

The Company has net operating loss carryforwards of approximately  $6,300,000 at
December 31, 1997  expiring at various  times  through 2012 which 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.

<PAGE>

The provision for income taxes differs from the amount  computed by applying the
federal statutory tax rate of 34% because of the following:

<TABLE>
<CAPTION>

                                                                              1997              1996
                                                                         ---------------- -----------------
   <S>                                                                        <C>             <C>
   Tax benefit at federal statutory tax rate                                  $(852,000)      $(645,000)
   Increase in valuation allowance                                              852,000         645,000
                                                                         ================ =================
                                                                         $            -   $            -
                                                                         ================ =================

</TABLE>


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 purpose.

Components of deferred tax assets are as follows:

<TABLE>
<CAPTION>

                                                                                   December 31
                                                                             1997              1996
                                                                       ------------------------------------
   <S>                                                                    <C>               <C>
   Deferred tax assets                                                    $     26,000      $   120,000
   Deferred tax liabilities                                                          -          (35,000)
   Net operating loss carryforwards                                          2,153,000        1,476,000
   Less valuation allowance                                                 (2,179,000)      (1,561,000)
                                                                       ====================================
   Net deferred tax assets                                             $              - $              -
                                                                       ====================================

</TABLE>

The Company did not pay income taxes in 1997 or 1996.

11. Lease Commitments

The Company leases its administrative facilities under an operating lease. Total
rent  expense  was  $85,944 and  $128,215  in 1997 and 1996,  respectively.  The
Company  leases  equipment  under two  separate  operating  leases.  Total lease
expense was $28,853 and $38,379 in 1997 and 1996, respectively.

At December 31, 1997,  future minimum lease payments under operating  leases are
as follows:

                                                            December 31
                                                        ------------------

     1998                                                      $44,998
     1999                                                          688
     2000                                                          688
     2001                                                          172
                                                        ==================
                                                               $46,546
                                                        ==================


<PAGE>

12. Significant Customers

The Company's  revenues totaled  $2,296,335 and $1,099,130 during 1997 and 1996,
respectively.  Sales to one customer were 35% and 15% of total sales in 1997 and
1996, respectively.

13. Related Party Transactions

Notes payable  include amounts due to certain  investors,  including a director,
for  approximately  $35,714  and  $71,644  as of  December  31,  1997 and  1996,
respectively.  The Company also had a short-term  note payable to a director for
approximately $7,537 at December 31, 1996.

The Company  purchased  Internet  development  services of $23,600 and  computer
hardware  and the  development  of a home page for  approximately  $55,195  from
Concerto, a related entity, during 1997 and 1996, respectively.

<PAGE>

14. Continued Existence and Management's Plans

During 1997,  the Company  incurred a net loss of  $2,506,875  had negative cash
flows from operations of $1,130,284 and had an accumulated deficit of $7,260,293
at December 31, 1997.  If the Company  continues to incur losses and use cash at
the rate  established in the year ended December 31, 1997, the Company will need
additional  financing  by the end of the  fourth  quarter  of 1998 in  order  to
continue operations.

The  Company  has  reviewed  its  strategy  and  multiple  lines of  business to
determine  the best  course  of  action  to stem  ongoing  losses  and  generate
increased revenues.  As a result of the review, the Company has exited or scaled
back  its  operations  in  lines of  businesses  that  could  not  contribute  a
profitable cash flow and has elected to focus on providing  enhanced  management
reporting   services  to  the   telecommunications   industry.   The   Company's
TeleSmart(TM)   Data   Services  and  Call   Graphics   Software   combines  raw
telecommunications  data  with  geographic  information  service  technology  to
produce enhanced caller reporting for business analysis and marketing  purposes.
The Company will market the new  TeleSmart(TM)  products and services toward the
Regional  Bell  Operating  Companies,   new  Local  Access  Carriers,   existing
InterExchange Carriers and the Teleservices Industry.

14. Continued Existence and Management's Plans (continued)

Management  believes that revenues  generated from operations will be sufficient
to support the  Company's  working  capital  needs for the  foreseeable  future,
assuming  the  Company  is able to  generate  sufficient  revenues  and  control
expenses during the fiscal year 1998.


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

None

<PAGE>

PART III

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

Paul F. Lidsky,  44, joined the Company as President  and CEO in September  1997
with 14 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.

Gregory  H.  Mohn,  34, is Vice  President  of  Business  Development.  Prior to
founding  the Company in April  1990,  he founded a start-up  venture  using the
predecessor to the technology used in the Company's  first systems.  Mr. Mohn is
also  responsible for many of the Company's new products and features  including
the development and  introduction of OneLink's  Geographic  Information  Systems
(GIS) products and the development of the TeleSmartTM Data Services.

Michael J. Ryan,  34, joined the company in November  1996 as Vice  President of
Finance and  Administration  and Chief Financial  Officer.  Prior to joining the
Company, Mr. Ryan developed broad  telecommunications  operational experience as
the  Regional  Controller  for  Frontier  Communications,  a  telecommunications
company reseller, and as the Controller for American Sharecom before the company
was  acquired by Frontier  Communications.  Previously,  Mr. Ryan  obtained  his
public accounting experience as a Senior Auditor for Ernst & Young and Coopers &
Lybrand.  Mr.  Ryan is a  graduate  of the  University  of  Northern  Iowa and a
Certified Public Accountant.

Kirk Danzl, 38, is Vice President of Operations for OneLink.  Mr. Danzl has over
13 years experience working in telecommunications. Prior to joining the company,
he was Director of  Information  Services for Frontier  Communications,  Inc. At
Frontier,  Mr.  Danzl was  responsible  for the  project  management  of several
corporate-wide  projects including network  facilities  consolidation and system
integration.  Prior to Frontier,  he was  responsible  for the  development  and
operations of the mission  critical  billing,  network  management  and end user
systems for American  Sharecom.  American Sharecom was the nations' 10th largest
long distance company before its merger with Frontier.

David  Batdorf,  46, was hired by the Company in November 1997 as Vice President
of Sales and Marketing. David has 24 years of experience in sales management and

<PAGE>

business  development  in a variety of technical,  solution-oriented  industries
including  ten years in the  telecommunication  industry.  Mr.  Batdorf's  prior
experiences  include  building  and  re-engineering  the sales  organization  at
Network   Communications   Corporation  and  business  development  at  Anderson
Consulting.

The  information  required by Item 9 for directors and compliance  with 16(a) of
the Exchange  Act is  incorporated  herein by  reference to the section  labeled
"Election  of  Directors"  and "Section  16(a)  Beneficial  Ownership  Reporting
Compliance"  respectively,  which  appear  in  the  Company's  definitive  Proxy
statement for its 1998 Annual meeting of Shareholders.

Item 10.    Executive Compensation

The information  required by Item 10 is incorporated by reference to the Section
labeled "Executive Compensation" and Compensation of Directors" in the Company's
Proxy Statement for its 1998 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" and
"Compensation of Directors" in the Company's Proxy Statement for its 1998 Annual
meeting of Shareholders.

Item 12.    Certain Relationships and Related Transactions

None

Item 13.    Exhibits and Reports on Form 8-K

            (a)  Exhibits

     Exhibit
     Number       Description

        3.1       Articles of Incorporation of the Company, as amended
        4.2       1994 Stock Option Plan, as amended (a)
       10.1       Service Agreement Between The Mobile Press Register, Inc. and
                  MarketLink, Inc.(a)
       10.2       Master Agreement Between Pioneer Newspapers and MarketLink,
                  Inc. (a)
       10.3       Master Agreement Between Yakima Newspapers, Inc. and
                  MarketLink, Inc. (a)
       10.4       Master Agreement Between Pioneer Newspapers and MarketLink,
                  Inc. (a)
       10.5       Agreement Between MarketLink, Inc. and Edina Realty, Inc. (a)
       10.6       Agreement Between Pizza Hut of St. Louis, Inc. and MarketLink,
                  Inc. (a)
       10.7       Agreement Between Pizza Hut of America, Inc. and MarketLink,
                  Inc. (a)
       10.8       Agreement Between Pizza Hut of America, Inc. and MarketLink,
                  Inc. dated October 19, 1994 (a)
       10.9       Form of Agreement Between Noble Roman's, Inc. and MarketLink,
                  Inc. covering Bloomington, South Bend and Evansville, IN
                  dated May 10, 1995 (b)
       10.10      Master Agreement Between Pioneer Newspapers and MarketLink,
                  Inc. dated May 15, 1995 (b)
       10.11      Agreement Between The Hearst Corporation and MarketLink, Inc.
                  dated July 20, 1995 (b)
       10.12      Stock Option Agreement with Ronald E. Eibensteiner effective
                  September 4, 1996 (c)
*      10.13      Agreement Between US WEST Communications, Inc. and OneLink
                  Communications, Inc., dated November 11, 1997 [The Company has
                  requested confidential treatment for portions of this
                  agreement.]
<PAGE>

*      10.14      Employment Agreement between Paul Lidsky and OneLink
                  Communications, Inc.
*      10.15      Stock Options Agreements with Paul Lidsky dated September 2,
                  1997 and November 19, 1997
       23         Consent of Ernst & Young LLP
       24         Power of Attorney (Included on signature page)
       27         Financial Data Schedule (filed only in electronic format)
-----------------
         (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 31,1995
               (File No. 0-25764).
         (c)   Incorporated by reference to the Company's Report on Form 10-KSB
               filed for the fiscal year ended December 31,1996
               (File No. 0-25764).

         *    Indicates a material contract, management contract or compensatory
              plan or  arrangement  required  to be filed as an  Exhibit to this
              Form 10-KSB.

         (b)  Reports on Form 8-K

         The Company  filed a report on Form 8-K on January 23, 1998.  Such Form
reported the possible delisting from the Nasdaq SmallCap Market.




<PAGE>


                                   SIGNATURES

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

                                             OneLink Communications, Inc.

         /s/ Paul F. Lidsky                        March 27, 1998
         By: Paul F. Lidsky,                             Date
             President, CEO, & Director

         /s/ Michael J. Ryan                        March 27, 1998
         By: Michael J. Ryan, CFO                         Date

Pursuant 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 Ron  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 Eibensteiner                          March 27, 1998
         By:  Ronald E. Eibensteiner, Chairman                  Date
                of the Board &Director


         /s/ Paul F. Lidsky                               March 27, 1998
         By:  Paul F. Lidsky, President, CEO, &                 Date
                   Director


         /s/ John F. Stapleton                             March 27, 1998
         By:  John F. Stapleton, Director                       Date


         /s/ Vin Weber                                     March 27, 1998
         By:  Vin Weber, Director                               Date


         /s/ Tomas M. Kieffer                              March 27, 1998
         By:  Tomas M. Kieffer, Director                        Date