SOURCE: Global Links Corp

November 14, 2007 09:30 ET

Global Links Corp. Approves Plan to Sell Kingman Real Estate for 8 to 10 Million Dollars

LAS VEGAS, NV--(Marketwire - November 14, 2007) - Global Links Corp. (PINKSHEETS: GLLK) announced today that the board of directors has approved a plan to sell its real estate holdings in Kingman, Arizona. The sales price will be between 8 to 10 million dollars, depending on the structure of the sale. At the present time, the company is negotiating with several developers that have expressed a strong interest in purchasing the property. "We feel that continuing to hold this property through this transition in the real estate market will not give us the best return, compared to the many lucrative opportunities that we see as a possibility with the cash proceeds this transaction gives us," stated Frank Dobrucki, CEO of Global Links. Global Links Corp. will now focus on running a full service real estate brokerage called the Real Estate Gallerie in Las Vegas, as well as participating in various development and acquisition projects.

About Global Links Corp.

Global Links Corp. is a diversified company which has operations in Nevada, where it holds a commercial office building, Real Estate Gallerie, ltd., a full service real estate brokerage firm, and in Arizona where it holds approximately 1000 residential lots located in Kingman, Ariz., where it plans to build energy efficient, affordable, senior housing, and is developing affordable housing for the international community. In addition, the company is completing its R-E-Info.net foreclosure information website.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.

Contact Information

  • Contact:

    Global Links Corp.
    Las Vegas
    Investor Relations
    Patrick Donahoo
    702-855-5890
    Email Contact