Interlink Global Corp. (fka ILKG)

[Mr. Zen]

Interlink Global, Corp. Agrees To Terms To Acquire Venezuelan Telecom and Data Service Provider
Tuesday July 12, 9:03 am ET


MIAMI--(BUSINESS WIRE)--July 12, 2005--Interlink Global Corp. (OTC:ILKG - News) today announced the signing of a definitive term sheet to acquire the parent of NGTV SA and Communications Network Holding Ltd. ("NGTV"), one of the largest privately owned telecom network services companies operating in Venezuela. NGTV, which has an eleven-year operating history, is a provider of long distance and Internet services in Venezuela and has interconnection agreement with 30 national and international carriers. The company is based in Caracas, Venezuela and employs 43 employees nationally; most of which will remain with NGTV after the acquisition is completed in the fall of 2005. NGTV has developed alliances with national and international data carriers that permit the exchange of services through the use of national broadband and last mile in the cities where the network has coverage.
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NGTV has presently over 500 corporate clients in Venezuela for the different products and services it offers. All national and international carriers established in Venezuela use NGTV's transmission services for its high reliability and competitive prices. The Company is projected to generate 79,958,384 minutes of customer traffic in 2005, with total revenues of $7,191,308 with an EBITDA of $1,084,434. The company is projecting increasing traffic to 112,111,600 minutes in 2006, with gross revenues of $10,576,720 and an EBITDA of $1,927,576. These traffic and revenue forecasts do not include additional minutes and revenues that Interlink will be bringing to the system through its existing traffic in Latin America.

Interlink has agreed to pay a total purchase price of $6,000,000 comprised of $4,000,000 in cash and 1,750,000 of its restricted common stock. After the acquisition is completed, Interlink, which is in the process of becoming a reporting company with the SEC, will be NASDAQ qualified and will apply for an immediate listing after the closing.

Interlink's Chairman, Anastasios Kyriakides stated: "ILKG's acquisition of NGTV will enable us to have a country wide backbone network in Venezuela that we will be able to take to the next level by expanding the customer base and adding more cost effective international terminations.

"This acquisition provides us with an opportunity to move more quickly into the Venezuelan market and be able to expand our existing and emerging technologies, such as wireless, VoIP, and wireless Internet, into areas that have been historically underserved by the latest technologies. NGTV will become the cornerstone of our potential in the Country of Venezuela as well as neighboring Colombia. Beginning with a solid base of customers and an experienced local operational team, NGTV fits our successful model for growth and we expect great things to happen for us there."

Kenneth Hosfeld, senior vice president of Interlink Global Corp. said, "We were looking for a company that, with application of our vision and management, could grow quickly, we had several choices -- NGTV rose to the top and was the clear choice. I am excited about the opportunities to expand our current brand and our reach into new markets and technologies, such as combined wireless Internet, video, and VOIP. This will be a very exciting year for the company."

The acquisition of NGTV is subject to approval and authorization of CONATEL ("Comision Nacional de Telecomunicaciones," the regulator of telecom in Venezuela) in Venezuela, the completion of due diligence, and legal documentation. However, Interlink has secured a commitment for financing the acquisition and therefore does not see any reason that the acquisition will not be timely closed after the 60 day due diligence period.

Last week the Company announced that The Research Works, Inc., a boutique research firm specializing in the analysis of microcap and smallcap companies, released an analyst research report covering the Company with an initial price target of $6.00. The report is now available for review at: http://www.stocksontheweb.com/ILKG.pdf.

About Interlink

Interlink Global, 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/Caribbean, Africa, and the Pacific Rim. 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.interlink-global.com.

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.



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Contact:
For Interlink Global Corp., Miami
Redwood Consultants
Jens Dalsgaard, 415-884-0348
http://www.Interlink-Global.com



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Source: Interlink Global Corp.