VANCOUVER, BC, Canada / ACCESSWIRE / March 4, 2014 / Globalink, Ltd. (OTC: GOBK) ("Globalink"), announces that in February 2014, it had the following corporate developments:
On February 1, 2014, Globalink appointed Hin Kwok Sheung and Jia Charles Yao to its Board of Directors, increasing the total number of directors to five. In addition, Globalink appointed Mr. Sheung, as its new Chief Executive Officer and Chairman. Mr. Sheung has had many years of experience in the administration of numerous large companies.
Each director extended a demand loan to Globalink for $200,000 with an annual interest rate of 2%. In total, Globalink has received $400,000 from the new directors, which it will use to fund business development and the expansion of its website.
On February 3, 2014, Globallink dismissed its former auditor and appointed Davidson & Company LLP, located in Vancouver, BC.
On February 3, 2014, Globalink changed its address to #210-4751 Garden City Road, Richmond, BC V6X 3M7, Canada.
Management feels that the above changes are necessary and are in line with plans to increase Globalink's business development efforts.
About Globalink, Ltd.
Globalink, Ltd. was incorporated in the state of Nevada on February 3, 2006. The registrant has focused its efforts in the Internet Hotel booking services arena. The registrant has developed a proprietary online hotel-booking program for connecting users with available rooms in hotels across the world.
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Globalink, Ltd. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Globalink, Ltd.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Globalink, Ltd.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Globalink, Ltd.'s forward-looking statements. Except as required by law, Globalink, Ltd. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Globalink, Ltd. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
Robin Young, President