SOURCE: Global Links Corp.

December 12, 2007 09:30 ET

Global Links Corp. Completes Foreclosure Software to Establish Significant Revenue Operations

LAS VEGAS, NV--(Marketwire - December 12, 2007) - Global Links Corp. (PINKSHEETS: GLLK) announced today that it has completed its new foreclosure information software (r-e-info.net). The site is currently in beta testing prior to a full release which will occur in January 2008.

Major points of interest:

--  30 - 60 days direct savings to banks
--  Free access to the public
--  100% accurate data stream
    

"There are several new concepts being introduced with r-e-info.net. The first is an REO management concept where banks can place their foreclosure property data online for view by the buying public, which would save banks a minimum loss of 30 to 60 days. When the gavel goes down on a foreclosure sale, unless another bidder has purchased the property, the bank is the owner of the property from that moment on. In most cases, the REO department will process a file, assess the condition of the property, initiate an eviction, and select a broker to list the property. All of these items can take place, while the property receives exposure from day one. If a buyer wants a property 'as-is,' an offer can be made, subject to the completion of pending items. The concept of r-e-info.net is to broaden the attention of foreclosure properties to the potential buyer immediately, which would ultimately result in a better value for the buyer and a higher sales price for the banks," stated Frank Dobrucki, CEO of Global Links Corp. The company will debut r-e-info.net in January as a free service to the public. This software program will be the basis for our real estate information network, which will result in significant revenue to the company. The foreclosure information will remain a free service. Additional value products will be introduced in the future on a purchase basis.

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