8-K

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of Report (date of earliest event reported): October 7, 2006

                          GLOBETEL COMMUNICATIONS CORP.
             (Exact Name of Registrant as Specified in Its Charter)

          Delaware                      0-23532                  88-0292161
(State or Other Jurisdiction    (Commission File Number)    (I.R.S. Employer
      of Incorporation)                                    Identification No.)

        9050 Pines Blvd., Suite 255, Pembroke Pines, FL            33024
          (Address of Principal Executive Offices)               (Zip Code)

        Registrant's telephone number, including area code: 954-241-0590


- --------------------------------------------------------------------------------
          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):

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

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

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

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



Item 5.02(b)

Dorian Klein,  Ambassador  Ferdinando Salleo and J. Randolph Dumas have resigned
from the Company's board of directors.

Timothy Huff has resigned as the Company's chief executive  officer and from the
Company's board of directors


Item 5.02(d)

The Board of Directors  appointed  Peter Khoury as the  Company's  Interim Chief
Executive  Officer and has appointed  him to the Board of  Directors.  The Board
also  appointed  Przemyslaw L. Kostro as a director and Interim  Chairman of the
Board of Directors.

Peter Khoury is the founding partner and former CEO of International  Consulting
Services,  a global  telecommunications  practice focused on assisting companies
with entering and effectively competing in an aggressive  communications market.
Mr.  Khoury  oversaw  ICS's  global  operations  and  its  business  development
practices. After graduating from the University of Sydney with an Honours degree
in Chemical  Engineering,  Mr. Khoury  obtained  additional  degrees in Computer
Science and Business  Administration.  His career began as a Systems Engineer at
IBM. He later joined companies Andersen Consulting and Digital Equipment,  where
he managed key  assignments  in the  telecommunications,  finance and  insurance
sectors in Singapore, Hong Kong, Japan, Australia and New Zealand.

Przemyslaw L. Kostro was first  elected to the  Company's  Board of Directors in
November  2001.  From  November  2001 to April 2002, he also served as the Chief
Executive Officer of the Company prior to Mr. Huff's  appointment.  For the past
six years, Mr. Kostro has been engaged in international  business,  and has been
providing  professional  and  consulting  services to several public and private
entities.  He also currently serves as Chairman of Wafao S.A., a Polish software
company,  and as a  director  of  Caterham  Financial  Management,  a  Malaysian
company.

Item 7.01 Regulation FD

On October 12, 2006 the Company  disseminated a press release announcing changes
to the Company's management and Board of Directors

Item 9.01 Exhibits

      99.1  Press Release dated October 12, 2006



                                    SIGNATURE

      Pursuant  to the  requirements  of Section  13 or 15(d) 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.


                                        GLOBETEL COMMUNICATIONS CORP.


Dated: October 17, 2006                 By: /s/ Peter Khoury
                                            --------------------------
                                            Peter Khoury
                                            Chief Executive Officer

EX-99.1

EXHIBIT 99.1

                           GLOBETEL ANNOUNCES CHANGES
                      TO MANAGEMENT AND BOARD OF DIRECTORS

FORT LAUDERDALE,  FL -- OCTOBER 12, 2006 -- GlobeTel  Communications Corp. (OTC:
GTEM) today  announced that Peter Khoury has been named interim Chief  Executive
Officer  and a  director,  succeeding  Timothy  Huff,  who  resigned  from  both
positions but remains with the Company through the transition  period.  Mr. Huff
talents  will  be  focused  on  deploying  the  technology  of  GlobeTel  in key
deployments.  In addition,  the Company  announced  that  Przemyslaw  L. Kostro,
former  Chairman of  GlobeTel  Communications,  returns to that  position in the
interim,  succeeding J. Randolph Dumas.  Independent  directors Dorian Klein and
Ambassador  Ferdinando  Salleo  have also  agreed to resign;  their seats on the
Board will be filled by Mr. Khoury and Mr. Kostro.

Mr. Khoury  stated,  "I've been asked to come onboard during a difficult time in
this Company's short history. I believe that Mr. Huff's aggregation of important
technology and engineering expertise has given the Company a respectable base of
intellectual  property and talent.  We are not starting from scratch,  and there
are key  relationships  the  Company  has  built,  but we have to have a  better
coordinated  marketing plan, a more fluid flow of information  from the business
units to senior management,  better adherence to schedules,  and overall, a more
unified sense of purpose as a company.  We will work toward these objectives and
implement  the  changes  that  are  necessary  to  build  a  stronger,   tighter
organization that's able to compete in the global communications marketplace.

Peter Khoury is the founding partner and former CEO of International  Consulting
Services,  a global  telecommunications  practice focused on assisting companies
with entering and effectively competing in an aggressive  communications market.
Mr.  Khoury  oversaw  ICS's  global  operations  and  its  business  development
practices. After graduating from the University of Sydney with an Honours degree
in Chemical  Engineering,  Mr. Khoury  obtained  additional  degrees in Computer
Science and Business  Administration.  His career began as a Systems Engineer at
IBM. He later joined companies Andersen Consulting and Digital Equipment,  where
he managed key  assignments  in the  telecommunications,  finance and  insurance
sectors in Singapore, Hong Kong, Japan, Australia and New Zealand.

Przemyslaw L. Kostro was first  elected to the  Company's  Board of Directors in
November  2001.  From  November  2001 to April 2002, he also served as the Chief
Executive Officer of the Company prior to Mr. Huff's  appointment.  For the past
six years, Mr. Kostro has been engaged in international  business,  and has been
providing  professional  and  consulting  services to several public and private
entities.  He also currently serves as Chairman of Wafao S.A., a Polish software
company,  and as a  director  of  Caterham  Financial  Management,  a  Malaysian
company.

Mr. Kostro stated, "There's no sense denying the Company is in quite a different
situation than it was when I left last November.  Today's GlobeTel has much work
to do to restore confidence among our shareholders.  It's  counterproductive  to
assign  blame to any one entity or person or event for the current  state of the
Company's  stock price and low morale among our investor base.  Coming back into
the role as interim Chairman during this challenging time will mean I will focus
on immediate  opportunities  and working with Senior Management on restructuring
the Company in a way that




best fits our resources and technologies.  I will also focus in the next week on
securing the necessary  funding to underpin our plans to restructure the Company
and complete key projects already  underway.  Given the nature of the situation,
we will be communicating  with our  shareholders  over the next several days and
weeks as these changes take place."

ABOUT GLOBETEL COMMUNICATIONS CORP.

GlobeTel  Communications  Corp.  develops  and provides an  integrated  suite of
telecommunications  products  and  services,  leveraging  its advances in Stored
Value, VOIP and Wireless Access technologies.  Individually,  each of GlobeTel's
five business units function as distinct,  stand-alone  entities.  Together they
form a powerful alliance of human talent and technological  innovation resulting
in the SuperHuba worldwide VoIP network,  Sanswire  Stratellite(TM) platform and
products  enabling  simpler,  cheaper  transmission  of voice,  data and  money.
GlobeTel has historically focused its business development on markets outside of
the United States. Current and pending operations exist in Asia, Africa, Europe,
South America,  Mexico and the Caribbean.  For more  information,  please visit:
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 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.

                                       ###

                                                        Contact: Robert Bleckman
                                                  Director of Investor Relations
                                                                  (954) 775-1427