GlobeTel Communications Corp. Files 12B-25 for Extension to File Third Quarter 10-Q
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 12, 2006--GlobeTel Communications Corp. (OTC: GTEM) announced that it would delay filing its quarterly report on Form 10-Q due November 14, 2006 and that it would delay the press release announcing the financial results of the third quarter of fiscal 2006 which ended September 30, 2006.
The reason for the delay is to allow the Audit Committee of the Board of Directors additional time to complete their work relating to their previously announced review of certain of the Company's financial statements, and to make changes, if any, to those statements or the 10-Q that may be required. The Company will file a Form 12b-25 for an extension in connection with the delayed filing.