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

April 2, 2009

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 8.01. Other Events.

On April 2, 2009 C2 Global Technologies Inc. (“C2” or the “Company”) (OTCBB: COBT), in partnership with Jonathan and Adam Reich, established Counsel RB Capital LLC (“Counsel RB”).  Counsel RB specializes in the acquisition and disposition of distressed and surplus assets throughout the United States and Canada, including industrial machinery and equipment, real estate, inventories, accounts receivable and distressed debt.  In addition to purchasing various types of assets, Counsel RB also arranges traditional asset disposition services such as on-site and webcast auctions, liquidations and negotiated sales.

Jonathan and Adam Reich, who serve as Co-CEOs of Counsel RB, are former practicing bankruptcy attorneys and have been assisting legal, financial and corporate clients with their surplus asset management needs for over 20 years.  Both have extensive experience representing debtors and secured and unsecured creditors with complex asset transactions that arise from bankruptcies, plant closures and restructuring situations, and over the years have recovered millions of dollars from asset dispositions on behalf of their clients.

Although Counsel RB has just commenced operations, C2’s management anticipates that the Company’s investment in Counsel RB will allow C2 to diversify into a new operating segment.

On April 2, 2009 C2’s parent company, Counsel Corporation, issued a press release.  This release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Exhibits

Exhibit No.	Title
99.1	Press release dated April 2, 2009.

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: April 6, 2009	By:	/s/ Stephen A. Weintraub
		Name:	Stephen A. Weintraub
		Title:	Chief Financial Officer and Corporate Secretary

EX-99.1

  

Exhibit 99.1

FOR IMMEDIATE RELEASE

Counsel Corporation Establishes Counsel RB Capital

April 2, 2009 – Toronto, Ontario - Counsel Corporation ("Counsel") (TSX:CXS) announced today that its 91%-owned subsidiary, C2 Global Technologies Inc. (“C2”) (OTCBB: COBT), in partnership with Jonathan and Adam Reich, has established Counsel RB Capital LLC (“Counsel RB”).  Counsel RB specializes in the acquisition and disposition of distressed and surplus assets throughout United States and Canada, including industrial machinery and equipment, real estate, inventories, accounts receivables and distressed debt.  In addition to purchasing various types of assets, Counsel RB also arranges traditional asset disposition services such as on-site and webcast auctions, liquidations and negotiated sales.

Jonathan and Adam Reich, Co-CEOs of Counsel RB, are former practicing bankruptcy attorneys and have been assisting legal, financial and corporate clients with their surplus asset management needs for over 20 years. They both have extensive experience representing debtors and secured and unsecured creditors with complex asset transactions that arise from bankruptcies, plant closures and restructuring situations, and over the years have recovered millions of dollars from asset dispositions on behalf of their clients.

"We are extremely pleased that Jonathan and Adam have agreed to lead our new initiative at Counsel RB" said Allan Silber, Chairman and CEO of Counsel and C2. Mr. Silber added, "Both Adam and Jonathan have successful track records of investing in and divesting of a variety of asset classes from distressed and restructuring opportunities. We believe that the business of Counsel RB is not only timely, because of the current state of the economy throughout North America, but also opportunistic in that it supports Counsel’s long-term growth and value creation strategy."

"The financial support and resources that we can access by joining the Counsel group will enable us to pursue all types of assets, ranging from complete facilities to single assets," commented Jonathan Reich, Co-CEO. "We will continue to service the legal, financial and corporate community with their distressed and surplus assets along with a wider range of services, including traditional asset disposition services such as auctions, liquidations, and negotiated sales," said Adam Reich, Co-CEO.

About Counsel Corporation

Counsel Corporation (TSX: CXS) is an international asset management firm that actively partners with businesses to achieve shared success and to unlock value through leveraging our relationships, our access to capital and our strategic market experience.  For further information, please visit Counsel’s website at www.counselcorp.com.

Forward-Looking Statements

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties.  All statements, other than statements of historical facts, which address Counsel’s expectations, should be considered as forward-looking statements.  Such statements are based on knowledge of the environment in which Counsel currently operates, but because of the factors listed herein, as well as other factors beyond Counsel’s control, actual results may differ materially from the expectations expressed in the forward-looking statements.  Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and other risks detailed from time to time in Counsel’s securities and other regulatory filings.

Contact: Stephen Weintraub Executive Vice President, Secretary & CFO saw@counselcorp.com Tel: (416) 866-3058