// Declare the LinkLabel object.
internal System.Windows.Forms.LinkLabel LinkLabel1;

// Declare keywords array to identify links
string[] keywords;

private void InitializeLinkLabel()
{
    this.LinkLabel1 = new System.Windows.Forms.LinkLabel();
            this.LinkLabel1.Links.Clear();

    // Set the location, name and size.
    this.LinkLabel1.Location = new System.Drawing.Point(10, 20);
    this.LinkLabel1.Name = "CompanyLinks";
    this.LinkLabel1.Size = new System.Drawing.Size(104, 150);

    // Set the LinkBehavior property to show underline when mouse
    // hovers over the links.
    this.LinkLabel1.LinkBehavior = System.Windows.Forms.LinkBehavior.HoverUnderline;
    string textString = "For more information see our" +
        " company website or the research page at Contoso Ltd. ";

    // Set the text property.
    this.LinkLabel1.Text = textString;

    // Set the color of the links to black, unless the mouse
    // is hovering over a link.
    this.LinkLabel1.LinkColor = System.Drawing.Color.Black;
    this.LinkLabel1.ActiveLinkColor = System.Drawing.Color.Blue;

    // Associate the event-handling method with the LinkClicked
    // event.
    this.LinkLabel1.LinkClicked += 
        new LinkLabelLinkClickedEventHandler(LinkLabel1_LinkClicked);

    // Add links to the LinkCollection using starting index and
    // length of keywords.
    keywords = new string[]{"company", "research"};
    foreach ( string keyword in keywords )
    {
        this.LinkLabel1.Links.Add(textString.IndexOf(keyword), keyword.Length);
    }

    // Add the label to the form.
    this.Controls.Add(this.LinkLabel1);
}

private void LinkLabel1_LinkClicked(object sender, LinkLabelLinkClickedEventArgs e)
{

    string url = "";

    // Determine which link was clicked and set the appropriate url.
    switch(LinkLabel1.Links.IndexOf(e.Link))
    {
        case 0:
            url = "www.microsoft.com";

            break;
        case 1:
            url = "www.contoso.com/research";
            break;
    }

    // Set the visited property to True. This will change
    // the color of the link.
    e.Link.Visited = true;

    // Open Internet Explorer to the correct url.
    System.Diagnostics.Process.Start("IExplore.exe", url);
}