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Interlink Global, Corp. Announces Material Facts Disclosed on Conference Call

May 25, 2005 |Press Release

MIAMI--(BUSINESS WIRE)--May 25, 2005--Interlink Global Corp. (OTC:ILKG - News), in order to comply with Regulation FD, today announced certain material facts that were disclosed on its investor conference call, which was held on May 24, 2005.

The Company announced that it has signed a joint venture agreement with Diamond Ware Inc. (http://www.dw.com), which will provide a "soft phone" for the users of the Interlink VoIP system. Diamond Ware is an 11-year-old profitable private company that produces proprietary software and hardware for use with the VoIP system managed by Interlink. The phone has transmission delay of less than 150 milliseconds, whereas its closest competitor has a delay in voice transmission of 250 milliseconds. This soft phone will be offered initially by Interlink in Europe within the next 30 days, and will be deliverable to US customers through the Interlink website beginning next week. It is anticipated that this new joint venture will recognize gross revenues of $800,000 in 2005, of which Interlink will receive 90.5% of such revenues. Anastasios Kyriakides, President of Interlink, indicated, "The Company will show immediate revenue enhancement from the joint venture since all development costs have been borne by Diamond Ware, which allows Interlink to avoid these substantial capital expenditures, and concentrate on immediate revenue generation through the offering of phone services that are state of the art in the VoIP industry."

Mr. Kenneth Hosfeld also announced that its partner in the Greek joint venture, Cosmo Telecom, that was announced in a separate press release on May 24, 2005, has led to discussions with Oman Telecom in Oman, as well.

Although final agreements have not been executed at this time, the Company anticipates such agreements will be in place within the next 60 days, and will be announced at that time. Cosmo Telecom is the largest private telecom provider in Greece, with substantial operations in Eastern Europe and the Middle East.

Mr. Stephan Gardner, VP of Marketing, and Mr. Rino Rivano discussed the various joint ventures and direct contracts that the Company is pursuing in Latin America and Asia. Agreements, which include negotiations with telecom entities and joint venture partners, are being pursued in Guam, The Northern Mariana Islands, Colombia, Mexico and Ecuador, and are expected to take the format of joint ventures, like those previously announced in Venezuela, Guatemala and Greece. The Company is continuing to pursue the use of joint venture partners with established customers and infrastructure to pursue its entry into most international markets. This approach substantially lowers customer acquisition costs and time to market, which are the major reasons that Interlink has attained and maintained profitability, whereas most present VoIP companies are still recognizing substantial losses.

Mr. Martin Salzedo, Vice President of the Marine Division of Interlink, announced that the Company was in the final stages of negotiations of a major contract with a cruise operator in South Florida that would result in Interlink providing corporate telecom services to the corporate headquarters of the cruise operator, as well as providing VoIP services, including the use of a "soft phone" while passengers are traveling on the cruise ships owned by the Company. Such cruise services would allow a passenger to use a mobile phone while located anywhere on the cruise ship and at all ports of call at approximately 50% of the cost of ship to shore telecom services presently offered aboard the company's cruise ships. It is expected that the Company's first major cruise industry contract will be in place by the Fall of 2005.

Mr. Hosfeld announced that the Company is taking the necessary steps to comply with the FCC's recent mandate that all VoIP service providers allow US domestic users access to emergency services, including access to 911 services, and should be in compliance with such regulation within the mandated 120 day grace period. However, this mandate affects less than 5% of the present and future business of Interlink, since the mandate does not encompass services in the international business market, which is the primary focus of the Company.

The Company expects to maintain a net profit margin of 20% in 2005, which will increase to a projected 30% in 2006, as contracts and joint ventures mature, generating additional incremental income without the corresponding startup costs. The Company is forecasting approximately $2,000,000 of net pre-tax earnings in 2005 and $12,000,000 of pre-tax earnings in 2006. Mr. Anastasios Kyriakides, President of Interlink, stated that these projections are based upon current contracts and joint ventures or agreements that are in the final stages of negotiations. Such forecasts do not include several projects that were discussed on the conference call, which could substantially increase both gross income and earnings in each year, should such projects come to fruition.

To hear a recording of the call (available for 30 days): Call 1-800-977-8002 in the United States or Canada or call 1-404-920-6650 in the Atlanta Area or Internationally; Pin Code: Press * (star) then 294722.

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
or
Diablo Consultants
Jeremy G. Roe, 925-932-1100
http://www.Interlink-Global.com

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