(A DEVELOPMENT STAGE COMPANY)

Table of Contents

(A Development Stage Company)

BALANCE SHEET

AS AT

June 30, 1999

Unaudited Financial Statements

See accompanying notes to financial statements

(A Development Stage Company)

BALANCE SHEET

AS AT

June 30, 1999

Unaudited Financial Statements

See accompanying notes to financial statements

(A Development Stage Company)

STATEMENT OF OPERATIONS
for the Three Months
Ended June 30, 1999

Unaudited Financial Statements

See accompanying notes to financial statements

(A Development Stage Company)

STATEMENT OF CASH FLOWS
for the Three Months
Ended June 30, 1999

Unaudited Financial Statements

See accompanying notes to financial statements

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

MARCH 31,1999

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

The Company was organized November 10, 1998 (Date of Inception) under the laws of the State of Nevada, as Global-Link Enterprises, Inc. (the Company) has not commenced planned principal operations and in accordance with SFAS #7, the Company is considered a development stage company.

On November 20, 1998, the Company issued 10,200,000 Shares of its $.001 Par value common stock for cash of $10,300.00.

On December 23, 1998, the Company completed a public offering that was exempt from federal registration pursuant to Regulation D, Rule 504 of the Securities Act of 1933 as amended, and exemptions from state registration pursuant to various state securities transactional exemptions. The Company sold 1,031,600 shares of Common Stock at a price of $.05 per share for a total amount raised of $51,800.06. The Company received cash in the amount of $26,580.00 and extinguished an existing liability in the amount of $25,000.00.

There have been no other issuances of common stock.

NOTE 2 - ACCOUNTING POLICIES AND PROCEDURES

Accounting policies and procedures have not been determined except as follows:

1. The Company uses the accrual method of accounting.
2. The cost of organization, $360.00, is being amortized for a period of 60 months (November 20, 1998 through October 31, 2003.)
3. Earnings per share is computed using the weighted average number of shares of common stock outstanding.
4. The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid since inception.
5. The cost of equipment is depreciated over the estimated useful life of the equipment utilizing the straight line method of depreciation.
6. The cost of Web Site Development, $14,506.00 is being amortized over a period of 60 months (November 20, 1998 through October 31, 2003.)
7. The Company experienced losses for its first fiscal tax year. The Company will review its need for a provision for federal income tax after each operating quarter.

Unaudited Financial Statements

See accompanying notes to financial statements

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 1999

NOTE 3 - GOING CONCERN

The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has not commenced its planned principal operations. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. It is management's plan to seek additional capital through a private offering pursuant to Regulation D, Rule 505 or 506 after the Company is trading on the "Pink Sheets" or the OTC-BB. The officers and directors of the Company have agreed to advance money to the Company to keep the Company operating until their planned principal operations commence.

NOTE 4 - RELATED PARTY TRANSACTION

The Company leases real property in San Diego, California. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

NOTE 5 - WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common stock.

Unaudited Financial Statements

See accompanying notes to financial statements

THREE MONTHS ENDED JUNE 30, 1999

In its second three month operating period ended June 30, 1999, the Company incurred a net loss of $17,194.55. Sales revenues and operations during this period are negligible. The primary contribution to the absence of significant revenue was the dedication of the human resources of the Company in the building of the infrastructure and the alliances required to meet the initiatives set forth by management.

On November 20, 1998 founding shareholders purchased ten million two hundred thousand (10,200,000) shares of the Company's authorized Common Stock for cash. Additionally, on February 4, 1999, the Company completed an offering of one million thirty-one thousand six hundred (1,031,600) shares of Common Stock of the Company to approximately fifty-five (55) unaffiliated shareholders. This offering was made in reliance upon an exemption from the registration provision of Section 4(2) of the Securities Act of 1933 (the "Act"), as amended, pursuant to Regulation D, Rule 504 of the Act. As of the date of this 10Q-SB, the Company has approximately eleven million two hundred and thirty-one thousand and six hundred shares (11,231,600) of it's $0.001 par value Common Stock issued and outstanding which are held by approximately fifty-seven (57) shareholders of record.

Management plans to conduct a private offering pursuant to Regulation D, Rule 505 or 506 after the company is trading on the "Pink Sheets" or the OTC-BB. In addition, management believes the need for additional capital going forward will be derived somewhat from internal revenues and earnings generated from its Internet website (via advertising and e-commerce associations). In the mean time, management of the Company plans to advance funds to the Company on an as-needed basis. The Company currently has no arrangements or commitments for accounts and accounts receivable financing. There can be no assurance that any such financing can be obtained or, if obtained that it will be on reasonable terms.

As noted earlier, net sales and income growth during this initial period are negligible due primarily to the focus of management on the future development of the Corporation's infrastructure. Management of the Company has been focused on the development of what it believes are exciting and innovative solutions for individuals and companies who wish to capitalize on the tremendous power and growth of the Internet. Global-Link Enterprises has created an environment to support website design and development; website hosting; Internet services as their own ISP; e-commerce, and a real-time media content and advertising format via one of the Internet's premier MLM news sites called "MLM World News Today" at www.mlmworldnewstoday.com or www.mlmwnt.com.

The Company believes that its significant initial revenues will be primarily dependent upon the sale of advertising, with additional revenues generated through e-commerce arrangement with MLM providers, the sales and marketing of MLM programs acquired or started by the Company and the sale of membership subscriptions for enhanced services.

Member Loyalty

The Company plans to offer its users a variety of free services. Management of the Company believes that the provision of free services is critical to the initial attraction of members. Viewing the Site will not require membership, allowing the Company to leverage its member-developed content to attract an even larger audience of users. As these users become familiar with the site, the Company believes it will have a greater ability to convert them into members, perpetuating the growth of the site and thereby increasing direct revenues and e-commerce shared revenues.

Member Developed Content

The majority of the content of the Company's website will be developed by the users on a voluntary basis for the benefit of all users of the site. As a result, the Company believes that it will be able to avoid the majority of costs associated with content development.

Targeted Advertising

The Company plans to provide a valuable platform for advertisers by allowing them to target advertisements based on both the demographic information and the affinity group affiliation. Management of the Company believes that the advertisers will be drawn to its website's potential volume of user traffic, frequency and average length of use, as well as MLM focus and content.

Attractive Advertising Platform

The Company believes that its free services and extensive offerings will create high volumes of traffic, enabling business advertisers to cost effectively promote their MLM products and services on the Company's website. The Company also expects to be able to collect and provide valuable demographics information and affinity based member segmentation that will increase the advertisers' ability to target marketing campaigns. Further the Company believes that the potential diversity of Internet groups among its members will create potential cross-marketing building a broader range of products and services, resulting in a correspondingly broader range of consumers.

Realization of significant sales of the Company's products during the Fiscal year ending December 31, 1999 is vital to its plan of operation. To this end management is currently emphasizing the development of the Companies MLM content-oriented Web site noted above.

As a result of the foregoing initiatives and focus, management of the Company believes that the complete spectrum of Global-Link Enterprises, Inc. services offers a new opportunity for businesses to increase the effectiveness of their marketing campaigns. The cost of marketing over the Internet is dramatically lower than those of traditional marketing techniques. Global-Link Enterprises is singularly focused in the development of the infrastructure required to be in a position to provide this full range of Internet services for their clients.

Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:Tuesday, August 31, 1999 By:/s/James C. Frans