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08/31/06 9:56 AM

#39680 RE: justfrank #39676

To clarify my post - I referred to the announcement on 7/25 - by GTE appealing - the clock started ticking - everyone had posted that somewhere around Sept 5th was 45 days. That is the intial "deadline", target time, expected date of resolution, whatever language you want to use.

My point was that this was AMEX saying to GTE - we have issues with your company's practices in the last year or so you have been on AMEX.

GlobeTel Communications Corp. (AMEX:GTE) today announced that it has notified the American Stock Exchange (Amex) of its decision to appeal the Amex Staff Determination to delist the common shares of GlobeTel from the Amex.

GlobeTel had announced on July 19, 2006 that it had received a letter from the American Stock Exchange that there had been a Staff Determination to strike the Company's common shares from listing and registration on the Amex.

According to the Amex Company Guide, the hearing will be scheduled, to the extent practicable, within 45 days of GTE's appeal. GTE anticipates that its common stock will continue to trade on Amex pending a decision by the Listing Qualifications Panel