EXHIBIT 99.1

CabelTEL
International Corporation

                       CabelTel International Corporation
                   Receives Listing Standards Letter from AMEX

Dallas,   Texas  (Business  Wire)  August  28,  2006:   CabelTel   International
Corporation  (AMEX: GBR, "the Company"),  a Dallas-based  company today reported
that it had received a notice from the American Stock Exchange ("AMEX") advising
that based on a review of the Company's Form 10-Q for the quarter ended June 30,
2006,  AMEX  believes the Company does not meet certain of the AMEX's  continued
listing standards as of this time. The notice advised that in the opinion of the
AMEX,  the Company is not in compliance  with Section  1003(a)(i) of the Company
Guide  with  shareholders  equity  of  less  than $2  million  and  losses  from
continuing  operations  and/or net  losses in two out of its three  most  recent
fiscal  years and  Section  1003(a)(ii)  of the Company  Guide with  shareholder
equity of less than $4 million and losses from continuing  operations and/or net
losses in three out of its four most recent fiscal years.

In  order to  maintain  its  AMEX  listing  the  Company  must  submit a plan by
September 22, 2006 advising the AMEX of the action the Company has taken or will
take that would bring it into compliance with the continuing  listing  standards
identified within a maximum of 18 months of receipt of the AMEX notice.

CabelTel  International  Corporation (AMEX: GBR) is a Dallas-based  company with
investments in a retirement  center,  a gas well, and a North Texas outlet mall.
For more information, go to the Company's website at www.cabeltel.us.

     Certain   statements  in  this  media   release  are   forward-looking
     statements  within the  meaning of the Private  Securities  Litigation
     Reform Act of 1995,  Section 27A of the  Securities  Act of 1933,  and
     Section  21E  of  the  Securities  Exchange  Act of  1934.  The  words
     "estimate",  "plan", "intend", "expect",  "anticipate",  "believe" and
     similar   expressions   are   intended  to  identify   forward-looking
     statements.  These  forward-looking  statements  are found at  various
     places throughout this Report and in the documents incorporated herein
     by  reference.   CabelTel  International   Corporation  disclaims  any
     intention  or  obligation  to  update or  revise  any  forward-looking
     statements,  whether as a result of new information,  future events or
     otherwise.  Although we believe that our  expectations  are based upon
     reasonable  assumptions,  we can give no assurance that our goals will
     be achieved.  Important factors that could cause our actual results to
     differ from  estimates or projects  contained  in any  forward-looking
     statements are described  under ITEM 1A. RISK FACTORS in the Company's
     Form 10-K for the fiscal year ended December 31, 2005.

     Contact:
     Gene Bertcher or Oscar Smith (972) 407-8400




                             Exhibit 99.1 - Page 1