Everest Interlink Broadband - News & Press Releases

November 2, 2005

Interlink Global Announces Closing of the Acquisition of Ifestos Communications, a Leading Broadband Provider to Office Buildings in New York and Washington DC.

Company to be Renamed Everest Interlink Broadband Inc. and Expected to Double Revenues in its Home Markets, While Expanding to 22 Additional Metropolitan Areas in Next 12 Months.

Miami, FL -(BUSINESS WIRE)---- Interlink Global Corp., (OTC: ILKG), "Interlink" today announced that the Company closed the acquisition of a controlling interest in Infestos Communications Inc, a New York based company providing wireless broadband and data services to corporate clients occupying over forty office buildings located in New York and Washington DC. Interlink acquired 51% of the stock of Ifestos, which will now be renamed Everest Interlink Broadband Inc., in exchange for 250,000 shares of the restricted common stock of Interlink, and has agreed to provide up to $1 million of expansion capital for the company, of which $156,000 was paid at closing and the remaining $844,000 shall be paid over the next four months, as required for the expansion of the company. The acquisition agreement also provides an incentive for the management and shareholders of Ifestos to earn an additional 1 million Interlink shares, if certain revenue and market penetration goals are met over the next two years.

Ifestos is a two-year-old company that acquired the assets of Everest Broadband Inc. in 2004, which at one time was one of the largest suppliers of wireless services to office complexes in the United States. Everest invested over $120 million on the national rollout of its wireless broadband services prior to the sale of its operating assets to Ifestos. The original business plan of Everest failed under prior management because of its unsustainable overhead and the revenue sharing arrangements that the company negotiated with various office buildings that made profitability impossible to achieve. After the acquisition, which included all rights to the name "Everest Broadband", Ifestos' management shed the unprofitable and under performing contracts of Everest, restructured its debt, and substantially cut its direct overhead. Everest Interlink presently services 40 office complexes in its home markets of New York City and Washington DC, and has agreements with an additional 60 office complexes to provide similar services to their corporate clients, which it will begin to service with the expansion capital committed by Interlink. The company will also immediately introduce the VOIP services of Interlink to its various corporate customers.

Current gross revenues of Everest Interlink average $200,000 per month, of which, a minimum of $160,000 per month is recurring contractual revenue from its customer base. The remainder is engineering services for specifical designed data systems tailored to the individual needs of the clients. The company operates at a small monthly profit. The management team of Everest Interlink, headed by Michael Panayiotis, remains intact, and will lead the expansion efforts. The two companies contemplate a rapid joint expansion of the revenue bases of both companies by the offering of Interlink's VOIP services to the existing clients of Everest Interlink, as well as joint marketing efforts to offer the combined data and voice services to clients located in the other 60 office buildings that Everest Interlink has contracts with, as well as expanding the combined product and service offerings to Interlink's base of domestic and international clients.

The board of directors of Interlink has approved a expansion plan for Everest Interlink that will see its home market revenues more than double in the short term, and reach a projected $12,000,000 in its home market, while it expands to an additional 22 metropolitan areas. The first expansion beyond New York City and Washington DC will be to South Florida, where Interlink's home offices are located. Based upon the successful expansion to a total of 24 metropolitan areas, it is contemplated that Everest Interlink Broadband will be generating annualized revenues of over $12.5 ML with net income of $2.8 ML_by the end of 2006.

Michael Panayiostis, CEO of Everest Interlink Broadband in describing his decision to join the growing list of Interlink companies stated: " I was attracted to Interlink by the expertise of its management, its substantial financial resources and the ability of both companies to realize synergies from the combination that we just completed. Although I could have continued to grow the business internally at a rate of approximately 20% per year, and had no need of operating capital, Interlink offered me the chance to greatly accelerate this growth rate, and the potential to be the market leader in this market segment. The senior management of Interlink and I share the same goal of building a major international telecom and data service company, based upon the latest technology. Our company has spent long hours restructuring the operations of Everest, and are now poised to take advantage of the reduced competition in our market segment, and the rapidly consolidating nature of the entire industry."

Anastasios Kyriakides, CEO and Chairman of the Board of Interlink stated: "We are pleased to add Everest Interlink, and its seasoned management team to the growing list of Interlink synergistic family of companies. Our two companies are a natural fit to provide joint voice and data services to our combined client bases. We expect substantial synergistic cost savings through this acquisition by combining the offices of Everest Interlink and Interlink Global Communications, our wholesale subsidiary, in New York, and the combining of our marketing teams to offer both services to existing and potential clients. We are also pleased to be bringing into our management team a person of the quality of Michael Panayiostis, who has over 20 years of experience in the telecom and data services industry. His engineering and management talents will be utilized by Interlink, not only in the immediate expansion of Everest Interlink, but also on several international projects that we are building that require wireless broadband data services expertise. We are continuing our rapid expansion through both internal growth and strategic acquisitions that expand our foothold as one of the leading providers of wireless broadband and VOIP services to the domestic and international corporate marketplace. To that end, we expect further acquisitions to be announced in the very near future."

ABOUT INTERLINK GLOBAL

Interlink Global (OTC: ILKG), 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, Europe and Asia. 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.