CABELTEL                                                            EXHIBIT 99.1
Internatioal Corporation


For Immediate Release                                Contact: Oscar Smith
                                                              Gene Bertcher
                                                              (972) 407-8400

                          CABELTEL RECEIVES AMEX NOTICE

     October  22,  2007 - Dallas,  Texas -  CabelTel  International  Corporation
(AMEX:GBR)  announced that on October 17, 2007 it received a staff determination
notice  confirming  the intent of the  American  Stock  Exchange LLC ("AMEX") to
strike  the  Company's  Common  Stock  from the  Exchange  through  a  delisting
procedure.  CabelTel has appealed that decision and will have an  opportunity to
present its  position at a hearing  before a Listing  Qualifications  Panel.  No
further action is expected by the AMEX pending that hearing.

     In August 2006,  the AMEX advised the Company that it was not in compliance
with Section 1003(a)(i) of the Company Guide with  shareholders'  equity of less
than $2,000,000 and losses from continuing  operations  and/or net losses in two
out of its three most recent fiscal years;  Section  1003(a)(ii)  of the Company
Guide  with  shareholders'  equity  of less  than  $4,000,000  and  losses  from
continuing  operations  and/or net  losses in three out of its four most  recent
fiscal  years.  In response  to that  notice,  the  Company  submitted a Plan of
Compliance  on  September  22,  2006 which was  accepted by the  Exchange  which
granted the Company an extension  until  December 31, 2007 to regain  compliance
with the continued listing standards.  Although there remains over two months of
time  within the Plan  Period,  in the  opinion of the staff the Company has not
made progress  consistent  with the Plan and has not  demonstrated an ability to
regain  compliance with the continued  listing standards of the AMEX by December
31, 2007.

     The current notice provides as the basis for the Staff  Determination  that
the  Company,  in the  opinion  of the  staff,  has failed to deliver on certain
milestones  that were in the  Company's  Plan of  Compliance  including  not yet
completing an equity raise of $900,000  therefore failing to increase its equity
to the required amount of $2,000,000 during the Plan Period; the Company has not
supplied the Exchange with a detailed  course of action for fiscal year 2007 for
the acquisition of certain mineral rights; the Company has not yet completed the
private placement or an equity raise in fiscal year 2007 and the Company has not
yet provided its  financial  projections  for the duration of the Plan Period to
the Exchange and has made no representation that it expects to regain compliance
by reporting net income for the fiscal year 2007 and/or  shareholders' equity of
$4,000,000  at December  31,  2007.  The Staff  Determination  alleges  that the
Company  is not  on  course  to be in  compliance  with  the  continued  listing
standards by the end of the Plan Period and is unlikely to regain  compliance by
December 31, 2007.

     CabelTel is continuing  its efforts to achieve the various  portions of the
Plan of Compliance by the end of the Plan Period at December 31, 2007.