content: --------------------------------------------------------------------------------
                                    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 OF 1934
  
               DECEMBER 2, 2004                            333-05188-A
  ---------------------------------------      -----------------------------------
  Date of Report (Date of earliest                    Commission File Number
  event reported)
  
                               PHONE1GLOBALWIDE, INC.
               (Exact name of registrant as specified in its charter)
  
  
                  DELAWARE                                    65-0669842
  ---------------------------------------      -----------------------------------
  (State or other jurisdiction of              (I.R.S. Employer Identification
  incorporation or organization)               Number)
  
                          100 N. BISCAYNE BLVD., SUITE 2500
                                MIAMI, FLORIDA 33132
           --------------------------------------------------------------
                 (Address of Principal Executive Offices) (Zip Code)
  
                                   (305) 371-3300
           --------------------------------------------------------------
                (Registrant's telephone number, including area code)
  
  
           --------------------------------------------------------------
           (Former name or former address, if changed since last report.)
  
  []  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))
  
  --------------------------------------------------------------------------------
  
  <PAGE>
  
  
  ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
  
  On December 2, 2004, Phone1Globalwide, Inc. (the "Company") received a notice of
  resignation from its independent auditors, Grant Thornton LLP ("GT"). GT served
  as the independent auditors of the Company since the fiscal year ended March 31,
  2000 and has never had nor does it currently have any disagreements with the
  Company on any matter of accounting principles or practices, financial statement
  disclosure, auditing scope or procedures. The auditors reports on the financial
  statements during their entire engagement period have not contained any adverse
  opinion or disclaimer of opinion and have not been qualified or modified as to
  uncertainty, audit scope or accounting principles, except that the audit reports
  during their engagement period were modified with a going concern uncertainty.
  In addition, as the Company addressed in its 10-KSB filed for fiscal year ended
  March 31,2004, GT in connection with the audit of the Company's two most recent
  fiscal years, identified significant deficiencies, that in the aggregate,
  constitute material weaknesses under standards established by the Public Company
  Accounting Oversight Board. These matters related to the Company's processes of
  identifying related parties and reviewing and approving the Company's CEO's
  expense report and the Company has implemented a formalized process which
  assists it in identfying and documenting related parties in a timely manner to
  allow the Company to properly report related party transactions and the Company
  has also implemented a policy under which CEO's expense reports are being
  reviewed and approved by a board member.
  
  The Company's audit committee was not required to act on GT's resignation.
  
  The audit committee intends to engage a new firm of independent auditors as soon
  as possible.
  
  The Company has provided GT with a copy of this report and GT has agreed with
  the statements made in this report.
  
  ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
  
  (a)   Financial Statements of Businesses Acquired.
  
        Not applicable.
  
  (b)   Pro Forma Financial Information
  
        Not applicable.
  
  (c)   Exhibits.
  
        99.1  Letter from Grant Thornton to Phone1Globalwide,Inc. dated December
              2, 2004.
  
        99.2  Letter from Grant Thornton to U.S. Securities and Exchange
              Commission dated December 7, 2004, in which Grant Thornton has
              agreed with the statements made in Item 4.01 of this report.
  
  
                                         2
  
  <PAGE>
  
  
  
                                     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 hereunto duly authorized.
  
                                      PHONE1GLOBALWIDE, INC.
  
  Date:  December 7, 2004             By: /s/ Syed Naqvi
                                         ----------------------------------
                                         Name: Syed Naqvi
                                         Title:   Chief Financial Officer
  
  
  
                                         3
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "e315820v4.txt", "secsgml_size_bytes": 5447}]
metadata_filer: {"company-data": {"conformed-name": "PHONE1GLOBALWIDE INC", "cik": "0001017837", "assigned-sic": "4813", "irs-number": "650669842", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-05188-A", "film-number": "041189042"}, "business-address": {"street1": "100 N BISCAYNE BLVD SUITE 2500", "city": "MIAMI", "state": "FL", "zip": "33132", "phone": "3053713300"}, "mail-address": {"street1": "100 N BISCAYNE BLVD SUITE 2500", "city": "MIAMI", "state": "FL", "zip": "33132"}, "former-company": [{"former-conformed-name": "GLOBALTRON CORP", "date-changed": "20001215"}, {"former-conformed-name": "WIN GATE EQUITY GROUP INC", "date-changed": "19960701"}]}
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 OF 1934
  
               DECEMBER 2, 2004                            333-05188-A
  ---------------------------------------      -----------------------------------
  Date of Report (Date of earliest                    Commission File Number
  event reported)
  
                               PHONE1GLOBALWIDE, INC.
               (Exact name of registrant as specified in its charter)
  
                  DELAWARE                                    65-0669842
  ---------------------------------------      -----------------------------------
  (State or other jurisdiction of              (I.R.S. Employer Identification
  incorporation or organization)               Number)
  
                          100 N. BISCAYNE BLVD., SUITE 2500
                                MIAMI, FLORIDA 33132
           --------------------------------------------------------------
                 (Address of Principal Executive Offices) (Zip Code)
  
                                   (305) 371-3300
           --------------------------------------------------------------
                (Registrant's telephone number, including area code)
  
           --------------------------------------------------------------
           (Former name or former address, if changed since last report.)
  
  []  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 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
  
  On December 2, 2004, Phone1Globalwide, Inc. (the "Company") received a notice of
  resignation from its independent auditors, Grant Thornton LLP ("GT"). GT served
  as the independent auditors of the Company since the fiscal year ended March 31,
  2000 and has never had nor does it currently have any disagreements with the
  Company on any matter of accounting principles or practices, financial statement
  disclosure, auditing scope or procedures. The auditors reports on the financial
  statements during their entire engagement period have not contained any adverse
  opinion or disclaimer of opinion and have not been qualified or modified as to
  uncertainty, audit scope or accounting principles, except that the audit reports
  during their engagement period were modified with a going concern uncertainty.
  In addition, as the Company addressed in its 10-KSB filed for fiscal year ended
  March 31,2004, GT in connection with the audit of the Company's two most recent
  fiscal years, identified significant deficiencies, that in the aggregate,
  constitute material weaknesses under standards established by the Public Company
  Accounting Oversight Board. These matters related to the Company's processes of
  identifying related parties and reviewing and approving the Company's CEO's
  expense report and the Company has implemented a formalized process which
  assists it in identfying and documenting related parties in a timely manner to
  allow the Company to properly report related party transactions and the Company
  has also implemented a policy under which CEO's expense reports are being
  reviewed and approved by a board member.
  
  The Company's audit committee was not required to act on GT's resignation.
  
  The audit committee intends to engage a new firm of independent auditors as soon
  as possible.
  
  The Company has provided GT with a copy of this report and GT has agreed with
  the statements made in this report.
  
  ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
  
  (a)   Financial Statements of Businesses Acquired.
  
        Not applicable.
  
  (b)   Pro Forma Financial Information
  
        Not applicable.
  
  (c)   Exhibits.
  
        99.1  Letter from Grant Thornton to Phone1Globalwide,Inc. dated December
              2, 2004.
  
        99.2  Letter from Grant Thornton to U.S. Securities and Exchange
              Commission dated December 7, 2004, in which Grant Thornton has
              agreed with the statements made in Item 4.01 of this report.
  
                                         2
  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 hereunto duly authorized.
  
                                      PHONE1GLOBALWIDE, INC.
  
  Date:  December 7, 2004             By: /s/ Syed Naqvi
                                         ----------------------------------
                                         Name: Syed Naqvi
                                         Title:   Chief Financial Officer
  
                                         3