Need help to edt code in sidebar.php

I have WP 2.9 and using a theme called Dazzling effects for my website https://beatingdepressionnow.com I have been able to go to the file “sidebar.php” at my host company and edit the code so the Hot Spots affilaite is active.

I need help with editing the code for the Sponsors spots above the hot spots link. I have tried editing the lines

<div class="sidebar1">
            	<div class="sidebarbox" id="sidebar-4">
                    <div class="sidebarboxheading"><h2>Sponsors</h2></div>
                    <div class="bodyWrapper">
                        <div class="body">
                            <ul class="sponsors">

<li><span>Advert(125 x 125)</span></li>
<li><span>Advert(125 x 125)</span></li>
<li><span>Advert(125 x 125)</span></li>
<li><span>Advert(125 x 125)</span></li>
                            <div class="clear"></div>
                        </div>
                    </div>
                </div>

`
I tied to change the
‘
<li> **** </li>
‘
to the code available for the hyperlink redirect for each affiliate but that does not work. I emailed the theme developer but not getting an answer. Can anyone offer any input. I will be glad to put your site link on mine as a referral for amazing site design help.
Thanks Tony