Interlink Global Corp. (fka ILKG)

[Mr. Zen]

Interlink Global Announces Completion of Expansion Funding of $2,000,000
Monday December 5, 9:03 am ET


MIAMI--(BUSINESS WIRE)--Dec. 5, 2005--Interlink Global Corporation (OTC:ILKG - News) of Miami, Florida announced today that it has completed an additional offering of its securities, which has resulted in $2,000,000 in capital raised for company expansion and the funding of existing projects that are presently being implemented. Interlink Global issued Convertible Debentures and Class A, B, and C Warrants to the investors. The offering was managed and completed by Midtown Partners & Co., LLC, of Tampa, Florida to a small number of accredited institutional investors. Midtown Partners acted as the sole placement agent in this transaction.

Anastasios Kyriakides, Chairman and Chief Executive Officer of Interlink Global, stated, "We are pleased that we have achieved one of our goals for the last quarter of 2005, which was to raise additional capital to fund our immediate expansion and implementation plans. The capital that we have raised through this offering to institutional investors, will allow us to move swiftly ahead as we roll out several projects in South America, including the recently signed agreement with the State of Manabi, Ecuador to create a Private Telephone Company which will serve the entire state with Broadband Internet Connection and Voice over Internet Protocol (VoIP) telephony. The first phase will be using Interlink Global's platform connected by way of satellite, employing for dispersal, wireless Internet Wi-Fi, and Wi-Max, with the following stages to include ground networks consisting of microwave radios, optical fiber, and traditional copper wires. Additionally, the capital raised will fully fund our joint venture with Metrocel, S.A., located in Quito, Ecuador to provide retail broadband and VoIP services throughout the country. The joint venture between Metrocel and Interlink will provide broadband and VoIP telephony services to 600 Internet kiosks located throughout the country. Each kiosk will house 5 telephone lines, and will offer consumers in Ecuador the ability to access broadband and telephone services. These two projects alone should bring Interlink at least $5 million in annualized revenues in 2006. Furthermore, the capital allows us to introduce NETTALK, our trademarked brand name for products and services, nationally in the first quarter through a national media launch." Mr. Kryiakides also stated, "The Company is fully funded for its immediate capital needs through the first quarter of 2006. Our company's philosophy is to only raise capital for immediate needs that will produce a much greater return and ultimate valuation for our shareholders in comparison to any dilution that our shareholders may suffer due to the offering. The offering through Midtown will result in immediate increased value for our existing shareholders, as well as our new institutional investors, and help us to achieve our goal of continuing to be the leader in the VoIP marketplace in the international business arena."

ABOUT MIDTOWN PARTNERS & CO., LLC

Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information about Midtown Partners & Co., LLC can be found at www.midtownpartners.com.

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 Europe, 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.

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Contact:
Interlink Global Corp.
Stephan M. Gardner, 305-261-2007
www.Interlink-Global.com

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Source: Interlink Global Corp.