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
  
             September 30, 2001                         0-6770
  -----------------------------------          -----------------------------------
    Date of Report (Date of earliest                    Commission File Number
            event reported)
  
  
                                PHONE1GLOBALWIDE INC.
               (Exact name of registrant as specified in its charter)
  
  
                Delaware                                Applied For
  -----------------------------------          -----------------------------------
  (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)
  
  
  
  --------------------------------------------------------------------------------
  <PAGE>
  
  
  
  Item 5. Other Events
  
  Satisfaction  of  Certain  Outstanding  Obligations.
  
  On  September  30,  2001,  Globaltron  Communications   Corporation  ("GCC"),  a
  wholly-owned subsidiary of the Company,  executed and closed an agreement with a
  vendor  pursuant  to which GCC agreed to pay $3.0  million in full and  complete
  satisfaction  of the outstanding  obligations  due to the vendor.  GCC paid $1.0
  million of such amount in cash and delivered a promissory note to the vendor due
  September 30, 2002,  secured by a lien on the vendor's  equipment and a guaranty
  of the Company.  The invoice amount of the obligations were  approximately  $6.5
  million.  The  Company  will  be  recording  an  extraordinary  gain  due to the
  settlement of the debt for its second quarter ended September 30, 2001.
  
  Name Change
  
  Effective  September  25,  2001,   Globaltron   Corporation's  name  changed  to
  "Phone1Globalwide Inc."
  
  Symbol Change
  
  Effective September 26, 2001, Globaltron's trading symbol changed from "GBCP.OB"
  to "PHGW.OB".
  
  Reincorporation as a Delaware Corporation.
  
  Effective September 25, 2001, we reincorporated from Florida to Delaware,  which
  was accomplished through a merger of the Company into  Phone1Globalwide  Inc., a
  newly formed entity, with Phone1Globalwide Inc. surviving the merger.
  
  Increasing our Authorized Shares.
  
  Effective  September 25, 2001, we increased  our  authorized  shares of stock to
  200,000,000 shares of Common Stock and 100,000,000 shares of Preferred Stock.
  
  Election of Directors
  
  Effective September 25, 2001, a majority of the company's  shareholders  elected
  the  following  people as  Directors of the company:  Jaime  Gilinski,  David W.
  Sloan, Louis Giordano, Frederic Z. Haller and Michael Spritzer.
  
  
  <PAGE>
  
  
  Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
  
  (a) Financial Statements
  
  None
  
  (b) Pro Forma Financial Statement
  
  None
  
  (c) Exhibits
  
       2.2  Certificate  of Merger  between  Phone1  Globalwide,  Inc.,  a Florida
  corporation and Phone1Globalwide Inc., a Delaware corporation.
  
       2.3 Plan and Agreement of Merger between Phone1 Globalwide, Inc., a Florida
  corporation and Phone1Globalwide Inc., a Delaware corporation.
  
       3.1.4  Certificate of  Incorporation of  Phone1Globalwide  Inc., a Delaware
  corporation.
  
  
                                     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.
  
  Dated: October 3, 2001
                    ----               GLOBALTRON CORPORATION
  
                                       By: /s/ Syed Naqvi
                                          -------------------
                                           Syed Naqvi, Chief Financial Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "e2731.txt", "secsgml_size_bytes": 4598}]
metadata_filer: {"company-data": {"conformed-name": "PHONE1GLOBALWIDE INC", "cik": "0001017837", "assigned-sic": "6770", "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": "1751676"}, "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
  
             September 30, 2001                         0-6770
  -----------------------------------          -----------------------------------
    Date of Report (Date of earliest                    Commission File Number
            event reported)
  
                                PHONE1GLOBALWIDE INC.
               (Exact name of registrant as specified in its charter)
  
                Delaware                                Applied For
  -----------------------------------          -----------------------------------
  (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)
  
  --------------------------------------------------------------------------------
  Item 5. Other Events
  
  Satisfaction  of  Certain  Outstanding  Obligations.
  
  On  September  30,  2001,  Globaltron  Communications   Corporation  ("GCC"),  a
  wholly-owned subsidiary of the Company,  executed and closed an agreement with a
  vendor  pursuant  to which GCC agreed to pay $3.0  million in full and  complete
  satisfaction  of the outstanding  obligations  due to the vendor.  GCC paid $1.0
  million of such amount in cash and delivered a promissory note to the vendor due
  September 30, 2002,  secured by a lien on the vendor's  equipment and a guaranty
  of the Company.  The invoice amount of the obligations were  approximately  $6.5
  million.  The  Company  will  be  recording  an  extraordinary  gain  due to the
  settlement of the debt for its second quarter ended September 30, 2001.
  
  Name Change
  
  Effective  September  25,  2001,   Globaltron   Corporation's  name  changed  to
  "Phone1Globalwide Inc."
  
  Symbol Change
  
  Effective September 26, 2001, Globaltron's trading symbol changed from "GBCP.OB"
  to "PHGW.OB".
  
  Reincorporation as a Delaware Corporation.
  
  Effective September 25, 2001, we reincorporated from Florida to Delaware,  which
  was accomplished through a merger of the Company into  Phone1Globalwide  Inc., a
  newly formed entity, with Phone1Globalwide Inc. surviving the merger.
  
  Increasing our Authorized Shares.
  
  Effective  September 25, 2001, we increased  our  authorized  shares of stock to
  200,000,000 shares of Common Stock and 100,000,000 shares of Preferred Stock.
  
  Election of Directors
  
  Effective September 25, 2001, a majority of the company's  shareholders  elected
  the  following  people as  Directors of the company:  Jaime  Gilinski,  David W.
  Sloan, Louis Giordano, Frederic Z. Haller and Michael Spritzer.
  Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
  
  (a) Financial Statements
  
  None
  
  (b) Pro Forma Financial Statement
  
  None
  
  (c) Exhibits
  
       2.2  Certificate  of Merger  between  Phone1  Globalwide,  Inc.,  a Florida
  corporation and Phone1Globalwide Inc., a Delaware corporation.
  
       2.3 Plan and Agreement of Merger between Phone1 Globalwide, Inc., a Florida
  corporation and Phone1Globalwide Inc., a Delaware corporation.
  
       3.1.4  Certificate of  Incorporation of  Phone1Globalwide  Inc., a Delaware
  corporation.
  
                                     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.
  
  Dated: October 3, 2001
                    ----               GLOBALTRON CORPORATION
  
                                       By: /s/ Syed Naqvi
                                          -------------------
                                           Syed Naqvi, Chief Financial Officer