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ColeThornton

08/16/07 3:06 PM

#84575 RE: miguellara #84574

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 6, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets.

http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=913165&highligh....