VANCOUVER, BC / ACCESSWIRE / June 17 2014 / Canada - June 17, 2014 - Globalink, Ltd. (OTC: GOBK) ("Globalink"), announces that its current debt financing of USD$700,000 disclosed in the press dated May 1, 2014 has been converted to equity. The share exchange is for 12,000,000 restricted common shares of Globalink. Any accumulated interest has been waived by the lenders of the demand loans. An additional paid in advance amount of USD$10,000 by another subscriber has also been issued 200,000 common shares as per the share-exchange agreement signed. With implementation of these share agreements, Globalink is now debt-free.
About Globalink, Ltd.
Globalink, was incorporated in the State of Nevada on February 3, 2006. Until recently, Globalink has focused its efforts in the Internet Hotel booking services arena. Globalink has developed a proprietary online hotel-booking program for connecting users with available rooms in hotels across the world. Globalink now is also focusing on the development of the health maintenance system as a result of the presented opportunity to be able to supply 20% of the world's demand of the gingko leaf raw material for extraction.
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") and British Columbia Securities Commission (the "SEDAR"). 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 and SEDAR, including its Annual, Quarterly and Current Reports.
Robin Young, President