Tuesday, June 27, 2006 9:15:33 AM
Interlink Global Announces It Achieved Revenues of $13,300,000 in 2005 and a Gross Profit of $230,000
Tuesday June 27, 9:03 am ET
MIAMI--(BUSINESS WIRE)--June 27, 2006--Interlink Global Corp. (OTC:ILKG - News):
Company Issues Its Guidance for 2006 of Approximately $40,000,000 in Revenues, and Expected Gross Pre-tax Profits (Including Extraordinary Gains) of Approximately $14,000,000
2006 Operating Gross Profit Excluding Extraordinary Gains Estimated to be Approximately $2,000,000
Interlink Global Corp. (OTC:ILKG - News) today announced that based on preliminary audited financials for 2005, it achieved gross revenues from operations of approximately $13,300,000 and a net profit of $230,000. This was up substantially from 2004 gross revenues of $104,836, and a net profit of $13,226. The company said it expects to have audited results available and a 10k annual report filed with the SEC within the next week to 10 days, after which it expects to complete requirements for being listed on the OTC Bulletin Board as a fully reporting company.
Guidance For 2006
The Company today also issued guidance for 2006. Reflecting the consolidation of its recent acquisition of NGTV, the licensed Venezuelan carrier; an extraordinary one time gain from forgiveness of debt on the NGTV acquisition; increased wholesale revenues; and the completion of several other acquisitions and joint ventures, the Company anticipates it will achieve gross revenues exceeding $40,000,000 by the end of 2006. Further, the Company expects to achieve a gross pre-tax profit of approximately $14,000,000, and a net profit, excluding extraordinary gains, of approximately $2,000,000.
Growth In Assets
As of the date of this announcement, the Company said it has achieved an asset base in excess of $14,000,000 and believes this enhanced asset base, coupled with the anticipated growth in revenue will enable it to pursue a listing on NASDAQ, which it hopes to complete by the end of this year.
Mr. Anastasios Kyriakides, Chairman and CEO of Interlink, commented: "2005 results exceeded our expectations, as we also made major strides in establishing a strong foothold in Latin America." He added, "With our focus on the business and corporate market in underserved emerging growth markets, we are continuing to dramatically increase our revenues and asset base, while achieving profitability. In contrast to those VoIP carriers whose main focus is on expanding their domestic retail customer base, we are focused on profitable business that results in substantial enhanced value to shareholders. Going forward, we will continue to expand our operations in Latin America, through our licensed carriers in Venezuela and Ecuador. We also expect to establish a significant presence in Colombia and Bolivia over the next few months through acquisitions and internal expansion, as we continue to pursue our goal of becoming the largest VOIP carrier focused on Latin America, as well as other emerging markets we are targeting."
About Interlink Global
Interlink Global (OTC:ILKG - News), founded in 2002 provides telecommunication solutions around the world. As a leader in hosted VoIP telephony services, Interlink Global is currently doing business in North America, South America, Asia and soon in the Middle East. Interlink Global provides SIP-based broadband telephony solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services internationally. Interlink Global, using VoIP technology, provides long distance telephone services with full features at prices that are greatly reduced in comparison with traditional telephone companies. For more information about Interlink Global's products and services, please visit: http://www.b2i.us/irpass.asp?BzID=1287&Nav=1&S=0&L=1 .
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes", "looking ahead", "anticipates", "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
To be included on Interlink's E-Mail Alert List; go to: http://www.b2i.us/irpass.asp?BzID=1287&to=ea&Nav=1&S=0&L=1
To find out more about netTALK visit: http://www.netTALK.com
Contact:
DGI Investor Relations, Inc., New York
Ken Donenfeld, 212-425-5700
Fax. 212-425-6951
kdonenfeld@dgiir.com
or
Core Consulting Group
Paul DeRiso, 925-465-6088
Fax. 925-287-9704
http://www.coreconsultingroup.com
paul@coreconsultingroup.com
or
Interlink Global Corp.
Stephan M. Gardner, 305-261-2007
http://www.interlink-global.com
--------------------------------------------------------------------------------
Source: Interlink Global Corp.
Tuesday June 27, 9:03 am ET
MIAMI--(BUSINESS WIRE)--June 27, 2006--Interlink Global Corp. (OTC:ILKG - News):
Company Issues Its Guidance for 2006 of Approximately $40,000,000 in Revenues, and Expected Gross Pre-tax Profits (Including Extraordinary Gains) of Approximately $14,000,000
2006 Operating Gross Profit Excluding Extraordinary Gains Estimated to be Approximately $2,000,000
Interlink Global Corp. (OTC:ILKG - News) today announced that based on preliminary audited financials for 2005, it achieved gross revenues from operations of approximately $13,300,000 and a net profit of $230,000. This was up substantially from 2004 gross revenues of $104,836, and a net profit of $13,226. The company said it expects to have audited results available and a 10k annual report filed with the SEC within the next week to 10 days, after which it expects to complete requirements for being listed on the OTC Bulletin Board as a fully reporting company.
Guidance For 2006
The Company today also issued guidance for 2006. Reflecting the consolidation of its recent acquisition of NGTV, the licensed Venezuelan carrier; an extraordinary one time gain from forgiveness of debt on the NGTV acquisition; increased wholesale revenues; and the completion of several other acquisitions and joint ventures, the Company anticipates it will achieve gross revenues exceeding $40,000,000 by the end of 2006. Further, the Company expects to achieve a gross pre-tax profit of approximately $14,000,000, and a net profit, excluding extraordinary gains, of approximately $2,000,000.
Growth In Assets
As of the date of this announcement, the Company said it has achieved an asset base in excess of $14,000,000 and believes this enhanced asset base, coupled with the anticipated growth in revenue will enable it to pursue a listing on NASDAQ, which it hopes to complete by the end of this year.
Mr. Anastasios Kyriakides, Chairman and CEO of Interlink, commented: "2005 results exceeded our expectations, as we also made major strides in establishing a strong foothold in Latin America." He added, "With our focus on the business and corporate market in underserved emerging growth markets, we are continuing to dramatically increase our revenues and asset base, while achieving profitability. In contrast to those VoIP carriers whose main focus is on expanding their domestic retail customer base, we are focused on profitable business that results in substantial enhanced value to shareholders. Going forward, we will continue to expand our operations in Latin America, through our licensed carriers in Venezuela and Ecuador. We also expect to establish a significant presence in Colombia and Bolivia over the next few months through acquisitions and internal expansion, as we continue to pursue our goal of becoming the largest VOIP carrier focused on Latin America, as well as other emerging markets we are targeting."
About Interlink Global
Interlink Global (OTC:ILKG - News), founded in 2002 provides telecommunication solutions around the world. As a leader in hosted VoIP telephony services, Interlink Global is currently doing business in North America, South America, Asia and soon in the Middle East. Interlink Global provides SIP-based broadband telephony solutions, WiFi, WiMax, Marine Satellite Services, calling cards, and other enterprise services internationally. Interlink Global, using VoIP technology, provides long distance telephone services with full features at prices that are greatly reduced in comparison with traditional telephone companies. For more information about Interlink Global's products and services, please visit: http://www.b2i.us/irpass.asp?BzID=1287&Nav=1&S=0&L=1 .
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes", "looking ahead", "anticipates", "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
To be included on Interlink's E-Mail Alert List; go to: http://www.b2i.us/irpass.asp?BzID=1287&to=ea&Nav=1&S=0&L=1
To find out more about netTALK visit: http://www.netTALK.com
Contact:
DGI Investor Relations, Inc., New York
Ken Donenfeld, 212-425-5700
Fax. 212-425-6951
kdonenfeld@dgiir.com
or
Core Consulting Group
Paul DeRiso, 925-465-6088
Fax. 925-287-9704
http://www.coreconsultingroup.com
paul@coreconsultingroup.com
or
Interlink Global Corp.
Stephan M. Gardner, 305-261-2007
http://www.interlink-global.com
--------------------------------------------------------------------------------
Source: Interlink Global Corp.
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