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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-QSB





x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For quarter period ended September 30, 2008

Commission file number
33-20033-D





INTERLINK GLOBAL CORPORATION

(Exact
Name of Small Business Issuer as Specified in Its Charter)







|                         |  |                                  
|------------------------ |  | ---------------------------------
|Nevada                   |  | 42-1655043                       
|(State of Incorporation) |  | (IRS Employer Identification No.)

1100 NW 163rdDrive, No. Miami, FL 33169

(Address of principal executive
offices)

(305) 261-2007

(Issuers telephone number including area code)





Check whether the issuer (1) filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.    Yes  x    No   ̈

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes   ̈    No  x

The aggregate market value of the common equity
held by non-affiliates of the issuer was $4,784,892 based on the closing price of $0.10 per share on September 30, 2008 as reported on the Gray Market.

There were 43,710,343 shares of issuers Common Stock outstanding as of September 30, 2008.

Transitional Small Business Disclosure
Format (Check one):    Yes   ̈    No  x









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TABLE OF CONTENTS



|                                                                     |  |     
|-------------------------------------------------------------------- |  | ----
|                                                                     |  | Page
|PART I - FINANCIAL INFORMATION                                       |  |     
|                                                                     | 
|Item 1. Consolidated Financial Statements (unaudited).               |  | 1   
|Item 2. Managements Discussion and Analysis and Plan of Operations. |  | 16  
|Item 3. Controls and Procedures.                                     |  | 19  
|                                                                     | 
|PART II - OTHER INFORMATION                                          |  |     
|                                                                     | 
|Item 1. Legal Proceedings.                                           |  | 20  
|Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. |  | 20  
|Item 3. Defaults Upon Senior Securities.                             |  | 20  
|Item 4. Submission of Matters to a Vote of Security Holders.         |  | 20  
|Item 5. Other Information.                                           |  | 21  
|Item 6. Exhibits.                                                    |  | 21  



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##### Table of Contents

FINANCIAL INFORMATION



|Item 1. | Financial Statements.
|------- | ---------------------

Our unaudited financial statements,
including notes thereto, are presented as a separate section of this Form 10QSB, and the following are attached hereto.

Financial
statements:

Consolidated Balance Sheets (unaudited) at September 30, 2008 and June 30, 2008.

Consolidated Statements of operations (unaudited) for three months ended September 30, 2008 and 2007.

Consolidated Statements of Stockholders Deficit for nine months ended September 30, 2008.

Consolidated Statement of Cash Flows for nine months ended September 30, 2008.

On September 10, 2008, we filed Form 8 K and reported as Other EventsOn September 10, 2008, the Debenture Holders of Interlink Global
Corporation, executed an Acceptance of Collateral in Satisfaction of Obligation. Therefore, we remain active, but are no longer in operation and will remain as a shell entity looking for opportunities to merge.

Effective December 13, 2008, we filed Form 15 to discontinue filing requirements with the SEC. Also, Form 15 provided non  renewal of our audit
engagement with Dohan and Company.

Refer to Discontinued operations regarding our foreign affiliates, financial information from our foreign
affiliates are reported as Discontinued operations.

See accompanying summary of accounting policies and notes to financial statements.



1



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Interlink Global Corporation

Consolidated Balance Sheets - interim (unaudited)

September 30, 2008 and June 30, 2008



|                                                                                                         |  |           |            |   |           |   |            |  
|-------------------------------------------------------------------------------------------------------- |  | --------- | ---------- | - | --------- | - | ---------- | -
|                                                                                                         |  | Sept 2008 |            |   | June 2008 |  
|ASSETS                                                                                                   |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|CURRENT ASSETS                                                                                           |  |           |            |   |           |   |            |  
|Cash and equivalents                                                                                     |  | $         | 3          |   |           | $ | 647        |  
|Accounts receivable, net                                                                                 |  |           |           |   |           |   | 35,583     |  
|Advance to suppliers                                                                                     |  |           |           |   |           |   | 2,500      |  
|Discontinued operations, current                                                                         |  |           |           |   |           |   |           |  
|Deferred loan costs, net                                                                                 |  |           |           |   |           |   |           |  
|                                                                                                         |  |           |            |   |           |   |            |  
|Total current assets                                                                                     |  |           | 3          |   |           |   | 38,730     |  
|                                                                                                         |  |          
|Property, Plant and Equipment                                                                            |  |           |            |   |           |   |            |  
|Telecommunications equipment                                                                             |  |           |           |   |           |   | 481,235    |  
|Less accumulated Depreciation                                                                            |  |           |           |   |           |   | (131,483   | )
|                                                                                                         |  |           |            |   |           |   |            |  
|Property, plant and equipment, net                                                                       |  |           |           |   |           |   | 349,752    |  
|                                                                                                         |  |           |            |   |           |   |            |  
|Deferred tax asset, net                                                                                  |  |           |           |   |           |   |           |  
|Discontinued operations, non current                                                                     |  |           |           |   |           |   |           |  
|                                                                                                         |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|TOTAL ASSETS                                                                                             |  | $         | 3          |   |           | $ | 388,482    |  
|                                                                                                         |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                     |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|CURRENT LIABILITIES                                                                                      |  |           |            |   |           |   |            |  
|Accounts payable                                                                                         |  | $         | 869,828    |   |           | $ | 803,976    |  
|Accrued interest                                                                                         |  |           | 1,105,485  |   |           |   | 1,206,824  |  
|Discontinued operations, current                                                                         |  |           |           |   |           |   |           |  
|                                                                                                         |  |           |            |   |           |   |            |  
|Senior convertible debentures, current portion                                                           |  |           | 3,272,550  |   |           |   | 4,772,550  |  
|Advances from officers                                                                                   |  |           | 80,898     |   |           |   | 65,892     |  
|Due to stockholder                                                                                       |  |           |           |   |           |   |           |  
|Total current liabilities                                                                                |  |           | 5,328,761  |   |           |   | 6,849,242  |  
|                                                                                                         |  |          
|LONG-TERM LIABILITIES                                                                                    |  |           |            |   |           |   |            |  
|Other                                                                                                    |  |           |           |   |           |   |           |  
|Senior convertible debentures, non-current portion                                                       |  |           |           |   |           |   |           |  
|Discontinued operations, non current                                                                     |  |           |           |   |           |   |           |  
|                                                                                                         |  |           |            |   |           |   |            |  
|Total long-term liabilities                                                                              |  |           |           |   |           |   |           |  
|                                                                                                         |  |           |            |   |           |   |            |  
|TOTAL LIABILITIES                                                                                        |  |           | 5,328,761  |   |           |   | 6,849,242  |  
|                                                                                                         |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|COMMITMENTS AND CONTINGENCIES (NOTES 2, 5, AND 6)                                                        |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|STOCKHOLDERS EQUITY (DEFICIENCY IN ASSETS)                                                              |  |           |            |   |           |   |            |  
|Common Stock: $0.001 par value, 100,000,000 shares authorized; 47,598,922 shares issued and outstanding. |  |           | 43,711     |   |           |   | 43,711     |  
|Additional paid-in-capital                                                                               |  |           | 1,924,530  |   |           |   | 1,924,530  |  
|Accumulated deficit                                                                                      |  |           | (7,296,999 | ) |           |   | (8,429,001 | )
|                                                                                                         |  |           |            |   |           |   |            |  
|TOTAL STOCKHOLDERS EQUITY (DEFICIENCY IN ASSETS)                                                        |  |           | (5,328,758 | ) |           |   | (6,460,760 | )
|                                                                                                         |  |           |            |   |           |   |            |  
|                                                                                                         |  |          
|TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIENCY IN ASSETS)                                        |  | $         | 3          |   |           | $ | 388,482    |  
|                                                                                                         |  |           |            |   |           |   |            |  

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



2



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Interlink Global Corporation

Consolidated Statements of Operations - interim (unaudited)

For three months ended Sept 30, 2008 and 2007



|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|----------------------------------------------------------------- |  | ------------------ | ---------- | - | ------------ | - | ---------- | --------- |  | - | ---------- | - |  | - | ---------- | -
|                                                                  |  | Three months ended |            |   | Year to Date |  
|                                                                  |  | Sept 2008          |            |   | Sept 2007    |   |            | Sept 2008 |  |   | Sept 2007  |  
|REVENUES                                                          |  | $                  | (35,132    | ) |              | $ | 381,483    |           |  | $ | 692,602    |   |  | $ | 447,249    |  
|                                                                  |  |                    |            |  
|COST OF REVENUES                                                  |  |                    | (4,659     | ) |              |   | 467,810    |           |  |   | 1,049,520  |   |  |   | 596,964    |  
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|GROSS MARGIN                                                      |  |                    | (30,473    | ) |              |   | (86,327    | )         |  |   | (356,918   | ) |  |   | (149,715   | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|OPERATING EXPENSES                                                |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|Advertising                                                       |  |                    |           |   |              |   |           |           |  |   | 2,200      |   |  |   | 8,641      |  
|Amortization of deferred loan costs                               |  |                    |           |   |              |   | 44,756     |           |  |   |           |   |  |   | 134,268    |  
|Bad debt (net)                                                    |  |                    |           |   |              |   | (4,582     | )         |  |   |            |   |  |   | (4,582     | )
|Consulting and technical services                                 |  |                    |           |   |              |   |           |           |  |   |           |   |  |   | 17,857     |  
|Depreciation                                                      |  |                    | 12,099     |   |              |   | 12,662     |           |  |   | 36,297     |   |  |   | 36,528     |  
|Professional fees                                                 |  |                    | 18,898     |   |              |   | 143,663    |           |  |   | 22,440     |   |  |   | 282,467    |  
|Other expenses                                                    |  |                    | (12,349    | ) |              |   | 19,945     |           |  |   | 86,122     |   |  |   | 76,728     |  
|Rent and occupancy                                                |  |                    | (13,753    | ) |              |   | 34,542     |           |  |   | 64,857     |   |  |   | 116,387    |  
|Salaries and wages                                                |  |                    |           |   |              |   | 112,702    |           |  |   | 220,561    |   |  |   | 334,417    |  
|Software support                                                  |  |                    |           |   |              |   | 15,045     |           |  |   | 12,000     |   |  |   | 48,665     |  
|Taxes and licenses                                                |  |                    |           |   |              |   | 40,404     |           |  |   | 1,934      |   |  |   | 75,991     |  
|Telecommunications                                                |  |                    | 572        |   |              |   |           |           |  |   | 8,710      |   |  |   | 15,240     |  
|Travel and entertainment                                          |  |                    | 1,102      |   |              |   | 11,030     |           |  |   | 9,180      |   |  |   | 77,753     |  
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|TOTAL GENERAL AND ADMINISTRATIVE EXPENSES                         |  |                    | 6,569      |   |              |   | 430,167    |           |  |   | 464,301    |   |  |   | 1,220,360  |  
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|LOSS BEFORE OTHER INCOME EXPENSES                                 |  |                    | (37,042    | ) |              |   | (516,494   | )         |  |   | (821,219   | ) |  |   | (1,370,075 | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|OTHER INCOME (EXPENSES)                                           |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|Write off debentures                                              |  |                    | 1,359,950  |   |              |   |            |           |  |   | 1,359,950  |   |  |   |            |  
|Judgment expense                                                  |  |                    | (85,000    | ) |              |   |            |           |  |   | (85,000    | ) |  |   |            |  
|Gain on sale of assets                                            |  |                    | 62,347     |   |              |   |            |           |  |   | 62,347     |   |  |   |            |  
|Forgiveness of debt                                               |  |                    | 929,705    |   |              |   | 41,860     |           |  |   | 929,705    |   |  |   | 182,344    |  
|Interest expense                                                  |  |                    | (172,957   | ) |              |   | (119,939   | )         |  |   | (591,803   | ) |  |   | (325,469   | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|TOTAL OTHER INCOME (EXPENSES)                                     |  |                    | 2,094,045  |   |              |   | (78,079    | )         |  |   | 1,675,199  |   |  |   | (143,125   | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|LOSS BEFORE INCOME TAX AND MINORITY INTEREST                      |  |                    | 2,057,003  |   |              |   | (594,573   | )         |  |   | 853,980    |   |  |   | (1,513,200 | )
|                                                                  |  |                    |            |  
|PROVISION FOR INCOME TAXES                                        |  |                    |           |   |              |   |           |           |  |   |           |   |  |   |           |  
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|LOSS FROM CONTINUING OPERATIONS                                   |  |                    | 2,057,003  |   |              |   | (594,573   | )         |  |   | 853,980    |   |  |   | (1,513,200 | )
|                                                                  |  |                    |            |  
|DISCONTINUED OPERATIONS                                           |  |                    | (925,001   | ) |              |   | (322,869   | )         |  |   | (3,268,898 | ) |  |   | (965,090   | )
|                                                                  |  |                    |            |  
|NET LOSS                                                          |  | $                  | 1,132,002  |   |              | $ | (917,442   | )         |  | $ | (2,414,918 | ) |  | $ | (2,478,290 | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|Weighted average shares outstanding - basic and diluted           |  |                    | 43,710,343 |   |              |   | 41,048,460 |           |  |   | 43,710,343 |   |  |   | 41,048,460 |  
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|Net loss per share - basic and diluted from continuing operations |  |                    | 0.05       |   |              |   | (0.01      | )         |  |   | 0.02       |   |  |   | (0.04      | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  
|                                                                  |  |                    |            |  
|Net loss per share - basic and diluted discontinued operations    |  |                    | 0.03       |   |              |   | (0.02      | )         |  |   | (0.06      | ) |  |   | (0.06      | )
|                                                                  |  |                    |            |   |              |   |            |           |  |   |            |   |  |   |            |  

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



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Interlink Global Corporation

Consolidated Statements of Stockholders Equity - Deficiency of assets - interim (unaudited)

For nine months ended Sept 30, 2008



|                                           |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  
|------------------------------------------ |  | ------------------ | - |  | ------ | ------ | - | ------------------------ | - | ---------- | ------- |  | - | ---------- | - |  | - | ---------- | -
|                                           |  | Commonstock shares |   |  | Amount |        |   | AdditionalPaid-InCapital |   |            | Deficit |  |   | Total      |  
|Balance at December 31, 2006               |  | 47,598,922         |   |  | $      | 47,599 |   |                          | $ | 4,846,118  |         |  | $ | (4,725,459 | ) |  |   | 168,258    |  
|                                           |  |                    |   |  |       
|Issuance of common stock                   |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  
|                                           |  |                    |   |  |       
|Cash                                       |  | 250,000            |   |  |        | 250    |   |                          |   | 24,750     |         |  |   |           |   |  |   | 25,000     |  
|                                           |  |                    |   |  |       
|Net loss                                   |  |                   |   |  |        |       |   |                          |   |           |         |  |   | (3,107,098 | ) |  |   | (3,107,098 | )
|                                           |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  
|                                           |  |                    |   |  |       
|Balance at December 31, 2007               |  | 47,848,922         |   |  | $      | 47,849 |   |                          | $ | 4,870,868  |         |  | $ | (7,832,557 | ) |  | $ | (2,913,840 | )
|                                           |  |                    |   |  |       
|Issuance of common stock                   |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  
|                                           |  |                    |   |  |       
|Cash                                       |  |                   |   |  |        |       |   |                          |   |           |         |  |   |           |   |  |   |           |  
|                                           |  |                    |   |  |       
|Reclassification                           |  | (2,138,579         | ) |  |        | (2,138 | ) |                          |   | 2,040      |         |  |   | 98         |   |  |   |           |  
|                                           |  |                    |   |  |       
|Discontinued operations                    |  | (2,000,000         | ) |  |        | (2,000 | ) |                          |   | (2,948,378 | )       |  |   | 2,950,378  |   |  |   |           |  
|                                           |  |                    |   |  |       
|Net loss - nine months ended Sept 30, 2008 |  |                   |   |  |        |       |   |                          |   |           |         |  |   | (2,414,918 | ) |  |   | (2,414,918 | )
|                                           |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  
|                                           |  |                    |   |  |       
|Balance at Sept 30, 2008                   |  | 43,710,343         |   |  | $      | 43,711 |   |                          | $ | 1,924,530  |         |  | $ | (7,296,999 | ) |  | $ | (5,328,758 | )
|                                           |  |                    |   |  |        |        |   |                          |   |            |         |  |   |            |   |  |   |            |  

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



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Interlink Global Corporation

Consolidated Statements of Cash Flows - interim (unaudited)

For nine months ended Sept 30, 2008 and 2007



|                                                                        |  |      |            |   |      |   |            |  
|----------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | - | ---------- | -
|                                                                        |  | 2008 |            |   | 2007 |  
|Net Loss                                                                |  |      | (2,414,918 | ) |      |   | (2,478,290 | )
|                                                                        |  |     
|Adjustments to reconcile net loss to cash used in operating activities: |  |      |            |   |      |   |            |  
|Depreciation expense                                                    |  |      |           |   |      |   | 23,866     |  
|Amortization of deferred fees                                           |  |      |           |   |      |   | 89,512     |  
|Write off debentures                                                    |  |      | (1,359,950 | ) |      |   |            |  
|Gain on sale of assets                                                  |  |      | 62,347     |   |      |   |            |  
|                                                                        |  |     
|Changes in assets and liabilities:                                      |  |      |            |   |      |   |            |  
|Increase in accounts receivables                                        |  |      | 12,089     |   |      |   |            |  
|Increase in accounts payable                                            |  |      | (793,214   | ) |      |   |           |  
|Increase (decrease) in accrued expenses                                 |  |      | 224,185    |   |      |   |           |  
|                                                                        |  |      |            |   |      |   |            |  
|Net cash used in operating activities                                   |  |      | (4,269,461 | ) |      |   | (2,364,912 | )
|                                                                        |  |      |            |   |      |   |            |  
|                                                                        |  |     
|Cash Flows used in Investing Activities:                                |  |      |            |   |      |   |            |  
|Purchase of property and equipment                                      |  |      |           |   |      |   |           |  
|Increase in noncurrent assets                                           |  |      |           |   |      |   |           |  
|Payment for purchase of Venezuelan company, net                         |  |      |           |   |      |   |           |  
|                                                                        |  |      |            |   |      |   |            |  
|Net cash used in investing activities                                   |  |      |           |   |      |   |           |  
|                                                                        |  |      |            |   |      |   |            |  
|                                                                        |  |     
|Cash Flow from Financing activities:                                    |  |      |            |   |      |   |            |  
|Net proceeds from senior convertible notes                              |  |      |           |   |      |   | 1,500,000  |  
|Repayment of note payables to officers                                  |  |      | (34,554    | ) |      |   |           |  
|                                                                        |  |      |            |   |      |   |            |  
|Net cash provided by or (used) in financing activities                  |  |      | (34,554    | ) |      |   | 1,500,000  |  
|                                                                        |  |      |            |   |      |   |            |  
|                                                                        |  |     
|Discontinued operations:                                                |  |      |            |   |      |   |            |  
|Net - discontinued operations                                           |  |      | 4,118,130  |   |      |   | 478,140    |  
|                                                                        |  |      |            |   |      |   |            |  
|                                                                        |  |     
|Net Increase (Decrease) in cash                                         |  |      | (185,885   | ) |      |   | (386,772   | )
|Cash and equivalents, beginning                                         |  |      | 15,888     |   |      |   | 40,477     |  
|                                                                        |  |      |            |   |      |   |            |  
|Cash and equivalents, ending                                            |  |      | (169,997   | ) |      |   | (346,295   | )
|                                                                        |  |      |            |   |      |   |            |  
|                                                                        |  |     
|Supplemental disclosures                                                |  |      |            |   |      |   |            |  
|Cash paid for interest                                                  |  | $    |           |   |      | $ |           |  
|Cash paid for income taxes                                              |  | $    |           |   |      | $ |           |  
|                                                                        |  |     
|Supplemental disclosures for non-cash items:                            |  |      |            |   |      |   |            |  
|Stock issued services                                                   |  | $    |           |   |      | $ |           |  
|                                                                        |  |      |            |   |      |   |            |  
|Stock issued for settlement of debt                                     |  | $    |           |   |      | $ |           |  
|                                                                        |  |      |            |   |      |   |            |  

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



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##### Table of Contents

INTERLINK GLOBAL CORPORATION

NOTES TO FINANCIAL STATEMENTS (unaudited) September 30, 2008 and 2007

Note 1 - Business and Summary of Significant Accounting
Policies

We provide advanced telecommunications applications utilizing non-proprietary hardware and software that enables customers to use the
worldwide Internet as the transmission medium for telephone calls throughout the world.

Basis of presentation

The accompanying unaudited interim consolidated financial statements as of September 30, 2008, and 2007 have been prepared in accordance with accounting principles
generally accepted in the United States of America and with the instructions to Form 10-QSB. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America
for complete financial statements. In the opinion of management, these interim financial statements contain all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of
operations for the interim period presented. The results of operations for interim periods are not necessarily indicative of the results expected for the full year. Notes to the consolidated financial statements, which would substantially duplicate
the disclosure contained in the audited statements for the most recent year ended December 31, 2007, as reported in Form 10 KSB/A filed on May 1, 2008, have been omitted.

Use of Estimates

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

Income Taxes

We follow
Statement of Financial Accounting Standards No. 109 (FAS 109), Accounting for Income Taxes. FAS 109 is an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax
consequences of the difference in events that have been recognized in our financial statements compared to the tax returns.

Basic and Fully Diluted Net
Loss per Common Share

We follow the provisions of FASB Statement No. 128 (SFAS No. 128), Earnings per Share. SFAS No. 128
requires companies to present basic earnings per share (EPS) and diluted EPS, instead of primary and fully diluted EPS presentations that were formerly required by Accounting Principles Board Opinion No. 15, Earnings per Share.
Basic EPS is computed by dividing net income or loss by the weighted average number of common shares outstanding during each year. For the periods presented, we have no potentially dilutive instruments.



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Note 2. Going Concern and Managements Plan

As reflected in the accompanying financial statements, we incurred net income (loss) from continued operations of $2,227,003 and $(594,573) for three months ended September 30, 2008 and 2007. We incurred net
losses from discontinued operations of $(925,001) and $(322,869) for three months ended September 30, 2008 and 2007.

Net income (loss) for three
months ended September 30, 2008 and 2007 was $1,302,002 and $(917,442), respectively. Our ability to continue as a going concern is dependent upon our ability to obtain financing and achieve profitable operations, neither of which is assured.
The financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern.

Discontinued
Operations

On September 6, 2008, our management and Board of Directors en-acted discontinuance of operations in Colombia. Therefore, financial
information from MetroIP is reported as discontinued operations.

On September 22, 2008, our management and Board of Directors en-acted discontinuance
of operations in Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

On September 10, 2008, we and the
holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At
September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder

On September 10, 2008, we filed Form 8 K and reported as Other EventsOn September 10, 2008, the Debenture Holders of Interlink Global
Corporation, executed an Acceptance of Collateral in Satisfaction of Obligation. Therefore, we remain active, but are no longer in operation and will remain as a shell entity looking for opportunities to merge.

Effective December 13, 2008, we have filed Form 15 to discontinue filing requirements with the SEC.

Also, Form 15 provided non  renewal of our audit engagement with Dohan and Company.

Note 3. Loans due to shareholders and Officers

Advances from officers amounted to $80,898, as of September 30,
2008 and $65,892 at June 30, 2008, respectively.

The advances are due within one year of advance date and are non-interest bearing.

There was no Due to shareholders amount at September 30, 2008 or June 30, 2008.

Note 4. Accruals for labor indemnities

Per local regulations, our foreign affiliates must accrue unpaid payroll
related items as long term accruals. These items have been properly accrued pursuant to local customs and regulations.

Refer to Discontinued operations
regarding our foreign affiliates, at September 30, 2008 and June 30, 2008 there are no accruals for labor indemnities.

Discontinued
Operations

On September 6, 2008, our management and Board of Directors en-acted the discontinuance of operations in Colombia. Therefore, financial
information from MetroIP is reported as discontinued operations.

On September 22, 2008, our management and Board of Directors en-acted the
discontinuance of operations in Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

Note 5. Issuance of
new Series D Senior Convertible Notes and Warrants

On March 29, 2007, we issued Series D Senior Convertible Notes for $1,500,000, resulting in net
proceeds of $1,415,300; the notes bear interest at twelve (12%) percent and mature on March 29, 2009. Closing costs of $84,700 will be amortized over the term of the loan, commencing in April 2007. Both principal and interest are due at
maturity and may be paid in registered shares of the Companys common stock at a conversion price equal to 80% of the average closing bid price for the ten trading days preceding the payment due date. In connection with this agreement, the
Company issued warrants to purchase an aggregate of 15,000,000 shares of common stock.

On September 10, 2008, we and the holder of the Series D
Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At September 10, 2008, our
only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Note 1 Organization and Summary of Significant Accounting Policies

Nature of Operations

We provide telecommunications applications
utilizing hardware and software that enables its domestic and world-wide users to access the world-wide Internet as a transmission medium for telephone calls locally and throughout the world. The sale of Internet service is made possible using Voice
over Internet Protocol (VoIP). Our markets are located in Latin America (namely Venezuela and Colombia).

Organization

In 1987, Hawaii Ventures, Inc.(HVI) was organized under the laws of the State of Utah as a public company for the purpose of acquiring a participation
interest in any and all types of businesses and products. HVIs stock offering was a blind pool offering.

In 1992, we acquired
privately-held Infinity Worldwide Trading Corp., a New York company, and changed its name to Infinity Worldwide Inc. (IWI). The principal business of IWI became the purchase of discounted and surplus consumer products for resale
in eastern Europe. This venture eventually failed and IWI was dormant since mid-1994 through mid-January 2005.

On January 12, 2005, IWI effectuated a
merger with Interlink Global Corp., a Florida corporation, acquiring the issued and outstanding shares of IWI and liquidating it. Simultaneously, the state of incorporation was changed to Nevada and the entitys name was changed to
Interlink Global Corporation(the us, we, ours, etc.). The stock symbol was changed to ILKG.

Acquisitions and Discontinued
Operations

Communications Network Holdings (Venezuelan Company)

On March 15, 2006, we acquired all of the issued and outstanding common stock of Communication Networks Holdings, Ltd., an exempted company incorporated and existing under the laws of Bermuda (CNH).
The acquisition included CNHs ownership of all of the issued and outstanding capital stock of Telecomunicaciones NGTV, S.A. (NGTV), a Venezuelan corporation engaged in the provision of telecommunication services.

On September 22, 2008, our management and Board of Directors en-acted discontinuance of operations in Venezuela. Therefore, financial information from CNG/NGTV is
reported as discontinued operations.

MetroIP (Colombian Company)

Effective November 3, 2006, we acquired a 66% equity interest in MetroIP Colombia S.A. (MetroIP), a telecommunications company headquartered in Barranquilla, Colombia.

On September 6, 2008, our management and Board of Directors en-acted discontinuance of operations in Colombia. Therefore, financial information from MetroIP is
reported as discontinued operations.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Note 2 Summaries of Significant Accounting Policies

Principles of Consolidation

The accompanying consolidated financial
statements include the accounts of Interlink Global Corporation, and its owned subsidiaries, Communication Networks Holdings, Ltd. (CNH) and MetroIP. All material inter-company accounts and transactions between us and our Subsidiaries
for the years presented have been eliminated in consolidation.

Cash and Cash Equivalents

We consider all highly liquid debt instruments with an original maturity of three months or less at the date of purchase to be cash equivalents.

Accounts receivable and allowance for doubtful accounts

Trade and
other receivable are reported at fair market value less any provisions for uncollectible accounts considered necessary. Accounts receivable primarily includes trade receivables from customers.

We estimate doubtful accounts on an item-by-item basis and includes over-aged accounts as part of allowance for doubtful accounts, which are generally accounts that are
90 days or more overdue.

Revenue Recognition

Revenue
for voice, data and other services to end-users are recognized in the month in which the service is provided. Amounts invoiced and collected in advance of services provided are recorded as deferred revenue. Revenues for carrier interconnection and
access are recognized in the month in which the service is provided. Arbitrage revenue are recorded as net amount of income.

Use of Estimates

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

Concentrations of Business and Credit Risks

We maintain cash balances in various banks in the United States of America (US). Balances maintained in US banks, sometimes exceed the Federal Deposit
Insurance Corporation (FDIC) limit of $250,000 per account.

Basic and Fully Diluted Net Loss per Common Share

We follow the provisions of Statement of Financial Accounting Standards No. 128 (SFAS 128), Earnings per Shares (EPS). SFAS No. 128 requires
companies to present basic earnings (loss) per share (EPS) and diluted EPS, instead of primary and fully diluted EPS presentations that were formerly required. Basic EPS is computed by dividing net income or loss by the weighted average number of
common shares outstanding during each year. Certain debt instruments and related interest may be paid in cash or shares. The convertible shares have been added to the denominator in calculating diluted EPS. Refer to Note 10.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Impairment of Long-Lived Assets

We follow SFAS No. 144, Accounting for the Impairment of Long-Lived Assets. SFAS No. 144 requires that long-lived assets to be held and used are reviewed for impairment whenever events or changes
in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset. Long-lived assets to be disposed of, if any, are
reported at the lower of carrying amount or fair value less cost of sell.

Impairment of Goodwill

Goodwill was recorded in the acquisition of MetroIP in the fourth quarter of 2006. Goodwill is tested for impairment annually in the last quarter of the year, unless
management believes events have occurred or circumstances have changed that would require testing. Due to continued operating losses and cash flows being lower than expected, in December 2006, a goodwill impairment loss of $546,230 was recognized.
The fair value of goodwill was estimated using the expected present value of future cash flows.

Advertising

We did no incur any advertising expenses during quarter ended September 30, 2008 or 2007.

We expense all marketing and advertising expenses to statement of income and expense.

Reclassifications

Certain amounts in the prior year financial statements have been reclassified for comparative purposes to conform to the current year presentation.

Fair Value of Financial Instruments

Cash, accounts receivable,
accounts payable, accrued expenses, current and non-current portion of debt, and other liabilities are carried at amounts which reasonably approximate their fair value due to the short-term nature of these amounts or due to variable rates of
interest which are consistent with current market rates.

Recent Accounting Pronouncements

In July 2006, the FASB issued FASB Interpretation No. (FIN) 48, Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement
No. 109. FIN 48 clarifies the accounting for uncertainty in income taxes recognized under SFAS No. 109, FIN 48 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax
position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, measurement and classification of income tax uncertainties, interest and penalties, and disclosure. FIN 48 also
includes guidance concerning accounting for income tax uncertainties in interim periods and increases the level of required disclosures associated with any recorded income tax uncertainties. The differences between the amounts recognized in the
statements of financial position prior to the adoption of FIN 48 and the amounts reported after adoption are to be accounted for as a cumulative-effect adjustment recorded to the beginning balance of retained earnings. FIN 48 was effective beginning
in fiscal year 2007 and did not have a material effect on our consolidated financial position, consolidated results of operations, or liquidity.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Recent Accounting Pronouncements (continued)



In September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin
No. 108,  Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB 108). SAB 108 provides interpretive guidance on how the effects of the carryover or
reversal of prior year misstatements should be considered in quantifying a current year misstatement. The SEC staff believes that registrants should quantify errors using both a balance sheet and an income statement approach and evaluate whether
either approach results in quantifying a misstatement that, when all relevant quantitative and qualitative factors are considered, is material. The provisions of SAB 108 were effective for the Companys fiscal year ending December 30, 2007
and 2006. The adoption of SAB 108 did not have a material impact on our consolidated financial statement.

In September 2006, the FASB issued SFAS
No. 157, Fair Value Measurements. This Statement defines fair value, establishes a framework for measuring fair value while applying generally accepted accounting principles, and expands disclosures about fair value measurements.
SFAS No. 157 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions based on market data obtained from independent sources and (2) the reporting entitys own assumptions developed based
on unobservable inputs. The Company is still evaluating the impact of SFAS No. 157 on its financial statements, which is effective for fiscal year beginning after November 15, 2007. The adoption of SFAS no. 157 did not have a material
impact on our consolidated financial statement.

Note 2 Going Concern and Managements Plans

As reflected in the accompanying consolidated financial statements, we incurred a consolidated net income of $1,302,002 for quarter ended September 30, 2008. We
reported income from continued operations $2,227,003 and loss from discontinued operations in the amount of $(925,001). We have not generated significant recurring cash flows to sustain the operations. Our ability to continue as a going concern is
dependent upon our ability to obtain financing and achieve profitable operations. Our strategy is to acquire operating entities established in the telecommunication industry. The plan also includes raising equity capital through private stock
offerings. The consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern.

Discontinued Operations

On September 6, 2008, our management and Board of Directors en-acted discontinuance of operations in Colombia.
Therefore, financial information from MetroIP is reported as discontinued operations.

On September 22, 2008, our management and Board of Directors
en-acted discontinuance of operations in Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

On
September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in all of our
assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder

On September 10, 2008, we filed Form 8 K and reported as Other EventsOn September 10, 2008, the Debenture Holders of Interlink Global
Corporation, executed an Acceptance of Collateral in Satisfaction of Obligation. Therefore, we remain active, but are no longer in operation and will remain as a shell entity looking for opportunities to merge.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Discontinued Operations (continued)



Effective December 13, 2008, we have filed Form 15 to discontinue filing requirements with the SEC.

Also, Form 15 provided non  renewal of our audit engagement with Dohan and Company.

Note 3 Property, plant and equipment

Property, plant and telecommunication equipment are presented at acquisition
cost. Depreciation is computed using the straight line method based on the originally estimated useful life of assets. Repairs and maintenance are charged in the year in which incurred, while disbursements for major renewals or improvements are
capitalized. When any property is retired or disposed, the cost and accumulated depreciation is relieved from the accounts, and the resulting gain or loss is reflected in income statement.

Depreciation expense for the quarters ended September 30, 2008 and 2007, were $12,099 and $12,662 respectively. Refer to discontinued operations 
Acceptance of collateral in satisfaction of obligation.

Note 4 Commitment and Contingencies

Leases

We account for occupancy leases as operating expenses. There
are no capitalized leases.

Rent and occupancy expenses for the quarters ended September 30, 2008 and 2007 was $(13,753) and $34,542 respectively.

Employment arrangement

We have an Employment
Agreement with our Chief Executive Officer. In consideration of his services, the Company has agreed to pay a base salary of $52,000 plus certain bonuses and awards if we achieve defined goals. As of March 31, 2008 and 2007, none of these goals
had been realized. The agreement is effective though December 31, 2008.

Legal Proceedings

On August 18, 2006, we filed a lawsuit against a potential investor and the owner, agent and principal of in connection with an agreement to acquire 100% of the
voting common stock in August 2005. After delivery of the purchase price of $62,000 and 1million shares of common stock worth (approximately $1million) to the owner, the Company had many material misrepresentations and omissions of facts regarding
the value of the investment . As a result, we sued for rescission of the purchase agreement and the transactions contemplated therein. The causes of action arose from alleged violations of Federal and Florida laws, common law rescission, fraud,
constructive trust and unjust enrichment as a result of alleged fraudulent statements, acts and omissions by the owner. The amount in controversy was approximately $65,000, exclusive of interest and costs plus the shares issued. The case was settled
and we received all shares and all claims were satisfied in May 2007. The owner retained the purchase price of $62,000.00.

On May 3, 2006, Strategic
Computer Solutions (SCS) filed an action against us alleging an outstanding unpaid balance for computer related equipment purportedly ordered by us. We believe the products were never received by our authorized employee. The legal action
is still pending. As of December 31, 2007, the potential outcome was unknown.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Legal Proceedings (continued)



Until 2007, we had a relationship with TBeck Capital, Aritex Consultants, Warren Street Investments, Victoria, et al
(collectively referred to as TBeck). TBeck was engaged as the investment banker and funds raiser and remuneration was in the form of stock issues and repayment of loans. We and TBeck terminated the arrangement and to document the termination a
settlement agreement was reached between TBeck and us, date August 2, 2007. The agreement included mutual release of all claims.

Note 5 Accrued
for labor indemnities

During 2006, we purchased two subsidiaries  NGTV/CNH and MetroIP. Foreign subsidiaries are required to record accrued
unpaid labor fringe benefits (ie: vacation, sick days etc.) These accruals become due and payable upon termination or severance of the individual employees  refer to Discontinued Operations.

Note 6 Income Taxes

As of December 31, 2007, we had a net
operating loss carry-forward of approximately $9.7 million. This loss may be carried forward to offset federal income taxes in various future years through the year 2027. During 2005, there was a significant ownership change as defined in
Section 382 of the Internal Revenue Code. As a result of this change, our ability to utilize net operating losses available before the ownership change is restricted to a percentage of the market value at the time of the ownership change.
Therefore, substantial net operating loss carry-forward will, in all likelihood, be reduced or eliminated in future years due to the change in ownership.

We file consolidated income tax returns with our two subsidiaries. Deferred income taxes and benefits for 2007 and 2006 are provided for certain income and expenses which are recognized in different periods for tax and financial reporting
purposes. The principal temporary differences that give rise to the deferred tax asset (liability) and the effects (computed at 20% in both years) that the changes in those temporary differences had on the provision for deferred tax expense as
follows:

Note 7 Senior Convertible Notes

On November 29, 2005, we issued a Series A Senior Convertible Note for $2 million, resulting in net proceeds
of $1,767,000; the notes bear interest at 10% and mature on May 29, 2008. Closing costs of $233,000 are being amortized through that date. One-fourteenth (1/14th) of the principal and all accrued but unpaid interest is due monthly commencing in January 2007; the principal and accrued interest may be paid in registered shares of common stock at a conversion price equal to
85% of the average closing bid price for the ten trading days preceding the payment due date.

On
February 28, 2006, we issued two Series B Senior Convertible Notes for $1,297,550, resulting in net proceeds of $1,142,635. The notes bear interest at ten percent and matured in August 28, 2007. Closing costs of $154,915 are being
amortized through that date, commencing in March 2006. One-fourteenth (1/14th) of the principal and all accrued but unpaid interest is due
monthly, commencing in January 2007; the principal and accrued interest may be paid in registered shares of common stock at a conversion price equal to 85% of the average closing bid price for the ten trading days preceding the payment due date.

In connection with these agreements, we issued warrants to purchase an aggregate of 12,064,044 shares of common stock: (i) 10,644,744 to the note
holders (at an exercise price of $1.05 per share) and (ii) 1,419,300 to the placement agents (at varying exercise prices, ranging from $.75 to $3.25 per share). The warrants to the note holders expire at varying dates through February 2016.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Registration of Restricted Stock

In accordance with the abovementioned Series A and Series B Senior Convertible Notes, we were obligated to file a registration statement within forty-five days of the closing dates. In as much that a registration
statement was not filed within that period, we are obligated to pay liquidated damages of 1.5 percent per month based upon the principal balance (not to exceed 9%). Accordingly, we issued 240,000 warrants with an exercise price of $.75 per share
(for the Series A Notes) and 155,706 warrants with an exercise price of $.75 per share for the Series B Notes.

Note 8 Stock issuance

Issuance of Convertible Debentures

In May and June 2006, we issued
11% convertible debentures aggregating $48,500. The debentures are due December 31, 2009 and provide for a conversion price of $1.25 per share.

Convertible debentures for Common stock

Series A, B and C debentures provides for conversion to Common stock. If converted, we would need
to issue additional stock, as follows:



|         |  |                        
|-------- |  | -----------------------
|Items    |  | Number of Common shares
|Series A |  | 4,100,130              
|Series B |  | 3,438,743              
|Series C |  | 1,474,605              
|         |  |                        
|Total    |  | 9,013,478              
|         |  |                        

Convertible debentures A, B and C are presently in default.

On September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of
Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which
was exchanged for release of $1,500,000.00 from the debt holder

Note 9 Related party transactions

Advances from officers amounted to $80,598 at September 30, 2008 and $65,892 at June 30, 2008, respectively. The advances are due within one year of advance
date and are non-interest bearing.

There were no Due to shareholders amounts at September 30, 2008 or June 30, 2008.



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INTERLINK GLOBAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2008 and
2007



Note 10 Subsequent Events

On March 2007, we were placed on hold trading by the Security and Exchange Commission for 20 days due to spam mailing. On April 2007, the Company filed Form 15 C 211 application with FINRA for reinstatement to trade.
As of today, we have not complied with all requested items from FINRA.

On March 31, 2007, we issued Series D Senior Convertible Notes for $1,500,000,
resulting in net proceeds of $1,415,300, the notes bear interest at twelve percent and mature in March 2011. Closing costs of $84,700 are being amortized through that date, commencing in April 2007.

On September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of
Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which
was exchanged for release of $1,500,000.00 from the debt holder

We are not planning any major maintenance activities on any of its affiliates.

During 2007 and 2006, there were certain Press Releases that were reported and did not fully materialize.

Effect of these Press Releases were not material to presentation of our financial statements.

Discontinued Operations

On September 6, 2008, our management and Board of Directors en-acted discontinuance of
operations in Colombia. Therefore, financial information from MetroIP is reported as discontinued operations.

On September 22, 2008, our management
and Board of Directors en-acted discontinuance of operations in Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

On September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in
all of our assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder

On September 10, 2008, we filed Form 8 K and reported as Other Events  On September 10, 2008, the Debenture Holders of Interlink Global
Corporation, executed an Acceptance of Collateral in Satisfaction of Obligation. Therefore, we remain active, but are no longer in operation and will remain as a shell entity looking for opportunities to merge.

Effective December 13, 2008, we have filed Form 15 to discontinue filing requirements with the SEC.

Also, Form 15 provided non  renewal of our audit engagement with Dohan and Company.



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##### Table of Contents

|Item 2. | Managements Discussion and Analysis and Plan of Operations
|------- | -----------------------------------------------------------

FORWARD-LOOKING STATEMENTS This quarterly report contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933, as amended and Section 21 E of the Securities Act of 1934, as
amended. Forward looking statements are those statements that describe managements beliefs and expectations about the future. We have identified forward-looking statements by using words such as anticipate,
believe, could, estimate, may, expect. plan, and intend. Although we believe these expectations are reasonable, our operations involve a number of risks and
uncertainties. Some of these risks include the availability and capacity of competitive data and voice transmission networks and or ability to raise sufficient capital to continue operations. Additional risks are included in our Annual Report on
Form 10 KSB/A filed with the Securities and Exchange Commission on May 1, 2008. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to
conform these statements to actual results.

Plan of Operation

As provider of hosted VoIP telephone services, we are currently doing business in North America. We provide SIP-based broadband telephone solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services. We
use VoIP technology, provide long distance telephone services, with full features, at prices that are greatly reduced in comparison with traditional telephone companies.



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##### Table of Contents

Financial conditions  Balance Sheet

Fixed assets (net) decreased by $349,752, when compared to June 30, 2008  decrease is due to sale of assets.

Total Assets decreased by $388,479  decrease is due to termination of operations.

Total liabilities and equity decreased by $388,479,
decrease is due to termination of operations.

Results of Operations  Quarter ended September 30, 2008

Operating Revenues

Gross revenue was $(35,132) and $381,483 for
quarter ended September 30, 2008 and 2007, excluding foreign affiliates which are reported as discontinued operations.

Cost of Sales

Cost of sale was $(4,659) and $467,810 for quarter ended September 30, 2008 and 2007, excluding foreign affiliates which are reported as
discontinued operations.

Selling, general and administrative expenses

Selling, general and administrative expense was $6,569 and $430,167 for three months ended September 30, 2008 and 2007, excluding foreign affiliates which are reported as discontinued operations.

Net loss from continued operations

Net income (loss) from continued
operation was $2,227,003 and $(594,573) for three months ended September 30, 2008 and 2007, excluding foreign affiliates which are reported as discontinued operations.

Net loss from discontinued operations

Net (loss) from discontinued operations was $(925,001) and $(322,869) for
three months ended September 30, 2008 and 2007, including foreign operations reported as discontinued operations.

Net loss

Net income (loss) was $1,302,002 and $(917,442) for three months ended September 30, 2008 and 2007, including foreign operations reported as discontinued operations.

Results of Operations  Year to Date September 30, 2008

Operating Revenues

Gross revenue was $692,602 and $447,249 for period ended September 30, 2008 and 2007,
excluding foreign affiliates which are reported as discontinued operations.



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##### Table of Contents

Results of Operations  Year to Date September 30, 2008 (continued)

Cost of Sales

Cost of sale was $1,049,520 and $596,964 for period
ended September 30, 2008 and 2007, excluding foreign affiliates which are reported as discontinued operations.

Selling, general and administrative
expenses

Selling, general and administrative expense was $464,301 and $1,220,360 for period ended September 30, 2008 and 2007, excluding foreign
affiliates which are reported as discontinued operations.

Net loss from continued operations

Net income (loss) from continued operation was $1,023,980 and $(1,513,200) for period ended September 30, 2008 and 2007, excluding foreign affiliates which are
reported as discontinued operations.

Net loss from discontinued operations

Net loss from discontinued operations was $(3,268,898) and $(965,090) for period ended September 30, 2008 and 2007, including foreign operations reported as discontinued operations.

Net loss

Net loss was $(2,244,918) and $(2,478,290) for period ended
September 30, 2008 and 2007, including foreign operations reported as discontinued operations.

Cash Requirements

We anticipate that we will require approximately $3,000,000 over the next twelve months for general and administrative expenses and to continue our plan of operation. We
will be dependent upon proceeds from the sale of our securities to accommodate any additional operational requirements. However, any additional debt or equity financing may not be available in sufficient amounts or acceptable terms. If such
financing is not available, the Companys operational results and future financial conditions may be adversely affected.

We are not presently paying
quarterly interest on our outstanding convertible debentures and our convertible debentures A, B and C are presently in default.

Refer to Discontinued
operations regarding our foreign affiliates, financial information from our foreign affiliates are reported as Discontinued operations.



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Employees

At
present, we do not have any employees. We do no anticipate increasing our staff.

Discontinued Operations

On September 6, 2008, our management and Board of Directors enacted discontinuance of operations in Colombia. Therefore, financial information from MetroIP is
reported as discontinued operations.

On September 22, 2008, our management and Board of Directors enacted discontinuance of operations in
Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

Product Research and Development

We do not anticipate that we will expend any amounts on research and development over the next twelve months.

Purchase of Significant Equipment

We do not intend to purchase any
equipment over the next twelve months.



|Item 3. | Controls and Procedures
|------- | -----------------------

Evaluation of Disclosure Controls And
Procedures

As of the end of the period covered by this report, our management carried out an evaluation, under the supervision and with the
participation of our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Based
on this evaluation, our principal executive officer and principal financial officer has concluded that our disclosure controls and procedures are, as of the date covered by this Quarterly Report, effective to ensure that the information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms.

Changes in Internal Controls over Financial Reporting

In connection
with the evaluation of our internal controls during last fiscal quarter, our principal executive officer and principal financial officer have determined there were no significant changes to our internal controls or other factors that could
significantly affect the Companys internal controls subsequent to date of their evaluation.



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Part II - OTHER INFORMATION



|Item 1. | Legal Proceedings
|------- | -----------------

On August 18, 2006, we filed a lawsuit
against the owner, agent and principal of a company to be acquired. After we delivered the purchase price of $62,000 and 1 million shares of our common stock (worth approximately $1 million), we discovered that the owner had many material
misrepresentations and omissions of facts regarding the value of the company as a result, we sued for rescission of the purchase agreement and the transactions contemplated therein. Our causes of action arose from violations of federal and Florida
laws, common law rescission, fraud, constructive trust and unjust enrichment as a result of fraudulent statements, acts and omissions by the owner. On May 2007, the case was settled and the Company received all one million shares, all claims were
satisfied and the owner kept purchase price of $62,000.00.

Part II - OTHER INFORMATION (continued)

On May 3, 2006, a vendor filed an action against us alleging an outstanding unpaid balance for computer related equipment purportedly ordered by us. We believe the
products were never received by our authorized employee.

Ultimately, we prevailed and won a summary judgment. An appeal is still pending.

We had long had a relationship with an investment banker and funds raising broker. Remuneration was in the form of stock issues and repayment of loans. A Settlement
Agreement was reached between the investment banker and us in the amount of $10,000, dated August 2, 2007, in which, mutual release of all claims by all parties to this relationship was issued.

In addition, we are subject from time-to-time to litigation, claims and suits arising in the ordinary course of business. As of December 31, 2007, we were not a
party to any material litigation, claim or suit whose outcome we believe have a material effect on our financial statements.



|Item 2. | Unregistered Sales of Securities
|------- | --------------------------------

We did not complete any
unregistered sales of shares of our common stock during fiscal quarter ended March 31, 2008 or 2007, respectively.



|Item 3. | Defaults Upon Senior Securities
|------- | -------------------------------

On September 10, 2008, we and
the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At
September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder.



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

On
September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in all of our
assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder.



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|Item 5. | Other Information
|------- | -----------------

On March 31, 2007, we issued Series D Senior
Convertible Notes for $1,500,000, resulting in net proceeds of $1,415,300; the notes bear interest at twelve percent and mature in March 2011. Closing costs of $84,700 are being amortized through that date, commencing in April 2007.

On September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of
Obligation agreement that transferred all rights, title and interest in all of our assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was
exchanged for release of $1,500,000.00 from the debt holder

During 2007 and 2006, there were certain Press Releases that were reported and did not fully
materialize.

Effect of these Press Releases was not material to presentation of financial statements for the Company.

On March 2007, we were placed on hold trading by the Security and Exchange Commission for 20 days due to spam mailing. On April 2007, the Company
filed Form 15 C 211 application with FINRA for reinstatement to trade. As of today, we have not complied with all requested items from FINRA.

Discontinued Operations

On September 6, 2008, our management and Board of Directors enacted discontinuance of operations in
Colombia. Therefore, financial information from MetroIP is reported as discontinued operations.

On September 22, 2008, our management and Board of
Directors enacted discontinuance of operations in Venezuela. Therefore, financial information from CNG/NGTV is reported as discontinued operations.

On September 10, 2008, we and the holder of the Series D Senior Convertible Note entered into an Acceptance of Collateral in Partial Satisfaction of Obligation agreement that transferred all rights, title and interest in
all of our assets as payment of the Note. At September 10, 2008, our only assets consisted of telecommunications equipment with a net book value of $337,653, which was exchanged for release of $1,500,000.00 from the debt holder

On September 10, 2008, we filed Form 8 K and reported as Other Events - On September 10, 2008, the Debenture Holders of Interlink Global
Corporation, executed an Acceptance of Collateral in Satisfaction of Obligation. Therefore, we remain active, but are no longer in operation and will remain as a shell entity looking for opportunities to merge.

Effective December 13, 2008, we filed Form 15 to discontinue filing requirements with the SEC, also,

Form 15 provided non  renewal of our audit engagement with Dohan and Company.



|Item 6. | Exhibits
|------- | --------



|     |  |                                                                                                                                                
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------
|31.1 |  | Certification of Chief Executive Officer and Principal Accounting Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|     | 
|32.1 |  | Certification of Chief Executive Officer and Principal Accounting Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



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SIGNATURES

In
accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

INTERLINK GLOBAL CORPORATION, Registrant



|                    |  |     |  |                                                  
|------------------- |  | --- |  | -------------------------------------------------
|Date: April 3, 2009 |  | By: |  | /s/ Anastasios N. Kyriakides                     
|                    |  |     |  | Anastasios N. Kyriakides,                        
|                    |  |     |  | Chairman of the Board and Chief Executive Officer
|                    |  |    
|                    |  |     |  | /s/ Bill Rodriguez                               
|                    |  |     |  | Bill Rodriguez, Chief Financial Officer