8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES AND EXCHANGE ACT OF 1934

February 27, 2008

Date of report (Date of earliest event reported)

C2 GLOBAL TECHNOLOGIES INC.

(Exact Name of Registrant as Specified in its Charter)

FLORIDA

(State or Other Jurisdiction of

Incorporation or Organization)

0-17973	59-2291344
(Commission File No.)	(I.R.S. Employer Identification No.)

40 King Street West, Suite 3200, Toronto, Ontario, Canada, M5H 3Y2

(Address of Principal Executive Offices and Zip Code)

(416) 866 3000

(Registrants Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement

On June 15, 2006, C2 Communications Technologies Inc., a wholly-owned subsidiary of C2 Global Technologies Inc. (“C2”), filed a patent infringement lawsuit against Verizon Communications,, Inc. (“Verizon”) and certain other co-defendants. The complaint was filed in the Marshall Division of the United States District Court for the Eastern District of Texas and alleges that the defendants’ services and systems utilizing Voice over Internet Protocol infringe C2’s U.S. Patent No. 6,243,373 (the “’373 Patent”), entitled “Method and Apparatus for Implementing a Computer Network/Internet Telephone System”.

On February 27, 2008, C2 executed a Settlement and License Agreement with Verizon (the “Agreement”) for the purpose of settling its patent infringement litigation against Verizon. Under the terms of the Agreement, C2 granted Verizon a non-exclusive, perpetual, worldwide, fully paid up, royalty free license under any of C2’s present patents and patent applications, including the ‘373 Patent, to make, use, sell or otherwise dispose of any goods and services based on such patents. The foregoing license grant was made in consideration of Verizon’s payment to C2 in the amount of $2.475 million, payable upon the effective date of the Agreement. The payment was received on March 13, 2008. In addition, the Agreement contains other terms and provisions customary for agreements of this nature. C2’s litigation with other co-defendants in the patent infringement lawsuit is on-going.

Item 8.01 Other Events.

On February 28, 2008, the Company issued a press release which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01Exhibits

Exhibit No.	Title
99.1	Press release dated February 28, 2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	C2 Global Technologies Inc.
Date: March 14, 2008	By:	/s/ Stephen A. Weintraub
		Name: Stephen A. Weintraub
		Title: Chief Financial Officer and Corporate Secretary

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

C2 COMMUNICATIONS TECHNOLOGIES INC. SETTLES LAWSUIT AGAINST VERIZON

VERIZON AGREES TO LICENSE C2’S PATENTS

MARSHALL, TEXAS, February 28, 2008 - C2 Communications Technologies Inc. (“C2”), a subsidiary of C2 Global Technologies Inc. (OTCBB: COBT), is pleased to announce that it has settled its patent infringement litigation against Verizon Communications, Inc. by entering into a Settlement and License Agreement. The terms of the license are confidential.

In June 2006, C2 filed a patent infringement lawsuit against AT&T, Inc., Verizon Communications, Inc., Qwest Communications International, Inc., Bellsouth Corporation, Sprint Nextel Corporation, Global Crossing Limited, and Level 3 Communications, Inc. The complaint was filed in the Marshall Division of the United States District Court for the Eastern District of Texas and alleges that the defendants’ services and systems utilizing Voice over Internet Protocol (“VoIP”) infringe C2’s U.S. Patent No. 6,243,373, (the “’373 Patent”) entitled “Method and Apparatus for Implementing a Computer Network/Internet Telephone System”. The complaint seeks an injunction, monetary damages and costs. In June 2007, the complaint against Bellsouth Corporation was dismissed without prejudice. On February 18, 2008 the complaint against AT&T, Inc. was settled by entering into a Settlement and License Agreement. A trial date of August 4, 2008 has been set for the lawsuit.

Allan Silber, Chairman & CEO of C2 said “We are extremely pleased with the success achieved in licensing our patents to companies with the stature of AT&T and Verizon. This puts us in an excellent position to aggressively pursue licenses from other entities that are using our patented technology, which includes corresponding patents in Australia, Canada, China and Europe.”

C2 Global Technologies Inc. is a subsidiary of Counsel Corporation (TSX: CXS).

About C2 Global Technologies Inc.

C2’s business is focused on licensing its patents, which include two foundational patents in Voice over Internet Protocol (“VoIP”) technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. C2 also invests in Internet-based e-commerce businesses. For further information, please visit C2’s website at www.c-2technologies.com.

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management’s exercise of business judgment as well as assumptions made by, and information currently available to, management. When used in this document, the words “may”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements.We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events.Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

Contact: Stephen A. Weintraub Executive Vice President, Secretary & CFO Tel: (416) 866-3058   E-mail: sweintraub@c-2technologies.com