-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0001010549-07-000857.txt : 20071023
<SEC-HEADER>0001010549-07-000857.hdr.sgml : 20071023
<ACCEPTANCE-DATETIME>20071023134559
ACCESSION NUMBER:		0001010549-07-000857
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071016
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071023
DATE AS OF CHANGE:		20071023

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CabelTel International Corp
		CENTRAL INDEX KEY:			0000105744
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-SKILLED NURSING CARE FACILITIES [8051]
		IRS NUMBER:				752399477
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08187
		FILM NUMBER:		071185265

	BUSINESS ADDRESS:	
		STREET 1:		1755 WITTINGTON PLACE
		STREET 2:		SUITE 340
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724078400

	MAIL ADDRESS:	
		STREET 1:		1755 WITTINGTON PLACE
		STREET 2:		SUITE 340
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENBRIAR CORP
		DATE OF NAME CHANGE:	19960514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICAL RESOURCE COMPANIES OF AMERICA
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESPAC INVESTORS TRUST
		DATE OF NAME CHANGE:	19900605
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cic8k102307.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

         Pursuant to Section 13 or 15(d) of the Securities Exchange Act


       Date of Report (Date of earliest event reported): October 16, 2007
                                                         ----------------


                       CABELTEL INTERNATIONAL CORPORATION
                       ----------------------------------
             (Exact Name of Registrant as Specified in its Charter)

          Nevada                      000-08187                   75-2399477
          ------                      ---------                   ----------
      (State or other                (Commission              (I.R.S. Employer
jurisdiction of incorporation)        File No.)              Identification No.)


           1755 Wittington Place, Suite 300
                      Dallas, Texas                               75234
     -----------------------------------------------------------------------
       (Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code     972-407-8400



     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:

[ ]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 23 0.425)

[ ]  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  13  e-4(c)  under  the
     Exchange Act (17 CFR 240.13 e-4(c))


<PAGE>


Section 3 - Securities and Trading Markets

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
           Standard; Transfer of Listing

     (a) By letter dated October 16, 2007,  received by facsimile  transmission,
CabelTel  International  Corporation  (the  "Registrant"  or the "Issuer" or the
"Company")  the staff of the American  Stock  Exchange LLC (the "AMEX") gave the
Registrant  notice  of  intent of the AMEX to  strike  the  common  stock of the
Registrant from the AMEX by filing a delisting  application  with the Securities
and Exchange  Commission ("SEC") pursuant to Section 1009(d) of the AMEX Company
Guide.  The  notice  advised  that  in the  opinion  of the  staff  of the  AMEX
Registrant  failed  to  deliver  on a  number  of  milestones  that  were in the
Registrant's Plan of Compliance previously submitted to and accepted by the AMEX
which  granted the  Registrant  an extension  until  December 31, 2007 to regain
compliance with the continued listing standards.  The notice also indicates that
the  Registrant  had been  advised  that the  staff of the AMEX  would  initiate
delisting  proceedings if the Registrant failed to make progress consistent with
the Plan or was not in  compliance by the end of the Plan Period which was to be
December  31,  2007.  The  notice  advised  that  "after  careful  review of the
Company's  Form 10-Q for the period ended June 30,  2007" the staff  "determined
that 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  Exchange  by  December  31,  2007  . .  ."  The  AMEX  staff
determination  contained in the notice letter constitutes notice of a failure to
satisfy one or more continued listing standards.


     The Company has appealed this  determination and requested a hearing before
a Listing  Qualifications  Panel of the AMEX. There can be no assurance that the
Company's request for continued listing will be granted.

     Contemporaneously  with the filing of this Current  Report on Form 8-K, the
Company has issued a press  release  pursuant to Section 402 of the AMEX Company
Guide  disclosing  the  receipt of the AMEX  letter and the  specific  continued
listing  deficiencies upon which it is based. Those deficiencies,  as alleged in
the AMEX staff notice letter are:

     o    The Company  failed to deliver on a number of milestones  that were in
          the Company's Plan of Compliance including:

               (i) The Company failed to regain  compliance  through an increase
          in its shareholders  equity of an aggregate of $2.1 million by the end
          of the Plan  Period  on  December  31,  2006  part of  which  involved
          increasing  its equity  through the  completion  of an equity raise of
          $900,000 by December 31, 2006 and failed to increase its equity to the
          required amount of $2,000,000 during the Plan Period.

               (ii) The  Company has not  completed  an  acquisition  of certain
          mineral rights in the Fayetteville, Arkansas area from a related party
          through the issuance of the Company's common stock nor has it provided
          assurances that it will be able to do so by the end of the Plan Period
          at December 31, 2007.

               (iii) The Company has not yet complete an equity raise concurrent




                                      -2-
<PAGE>

          with the acquisition of the mineral rights through a private placement
          arrangement  and has  provided no  assurances  that it will be able to
          secure the necessary  investments  to complete the  acquisition of the
          mineral rights by the end of the Plan Period at December 31, 2007.

               (iv) The Company failed to provide financial  projections for the
          duration   of  the   Plan   Period   to  the  AMEX  and  has  made  no
          representations  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.

     o    The Company is unlikely to regain  compliance with Section  1003(a)(i)
          of the Company  Guide by December 31, 2007 and be in  compliance  with
          Section 1003  (a)(ii) of the Company  Guide at December 31, 2007 based
          upon the  Company's  reported  net loss of $433,000 for the six months
          ended at June 30, 2007 or a reasonable  demonstration  that it will be
          able to improve  operations  that would result in reporting net income
          for the fiscal year ending  December  31, 2007.  The Company  reported
          shareholders  equity at $1.6 million at June 30,  2007;  has failed to
          reasonably  demonstrate that it will be able to increase its equity by
          the  necessary  amount by December 31, 2007 and it is more likely than
          not  that  the  Company  will  be  out  of  compliance  with  Sections
          1003(a)(i)  and 1003 (a)(ii) of the AMEX Company Guide at December 31,
          2007.


     Contrary to the staff  determination,  the Company is continuing to attempt
to achieve the various portions of its Plan of Compliance by the end of the Plan
Period at December 31, 2007.

     The  information  furnished  pursuant  to this  Item 3.01 of this Form 8-K,
including  exhibit  99.1  attached  hereto shall not be deemed to be "filed" for
purposes  of  Section 18 of the  Securities  Exchange  Act of 1934 or  otherwise
subject to the liabilities of that Section unless we specifically incorporate it
by  reference  in a  document  filed  under  the  Securities  Act of 1933 or the
Securities Exchange Act of 1934. The Company undertakes no duty or obligation to
publicly update or revise the information  pursuant to Item 3.01 of this Current
Report on Form 8-K.

Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

     (c) Exhibits.

     The following exhibit is furnished with this Report:

       Exhibit
    Designation                      Description of Exhibit
        99.1*                    Press Release dated October 22, 2007

 -------------------
 *Furnished herewith.




                                      -3-
<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant has  duly-caused  this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly-authorized.

        Dated: October 22, 2007               CABELTEL INTERNATIONAL CORPORATION


                                              By: /s/ Gene S. Bertcher
                                                  --------------------
                                                  Gene S. Bertcher, President



























                                      -4-

<PAGE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cic8kex991102307.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
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.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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