Hi Steve
Basically yes. Its far easier to 'accept' a site than to do it the other way around. This means you have to put in all the other sites info in by hand (which takes time) then go onto the website where you want to be placed and fill in the form telling them where their link is.
On your linkmachine (if it is that) you should have a list of sites on a page with details of websites, their link to your site and their own website link for you to have a look at. If you like what you see then simply click 'approve' or if you dont like them then click 'decline'. Once you have clicked 'accept' it will load it all automatically, but you can click 'generate pages' (which means it will add the links onto your webpage) just to make sure.
Hey presto. It takes a bit of getting used to especially setting it up. But once its done its great!