GlobeTel Communications Corp. Files 12B-25 for Extension to File Third Quarter 10-Q.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- GlobeTel Communications Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : GTEM GTEM Gigahertz Transverse Electromagnetic GTEM Galois Theory and Explicit Methods ) announced that it would delay filing its quarterly report on Form 10-Q Form 10-Q See 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. About GlobeTel Communications Corp. GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies. Individually, each of GlobeTel's business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub[TM] worldwide VoIP network, currently in development and to consist of the Sanswire Stratellite[TM] platform and products enabling simpler, cheaper transmission of voice and data. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: http://www.globetel.net Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. |
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