UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 5(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2004 ---------------------------------------------------- OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-08187 CabelTel International Corporation -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 75-2399477 ------------------------------- ---------------------------- (State or other jurisdiction of (IRS Employer Identification Incorporation or organization) Number) 1755 Wittington Place, Suite 340, Dallas, Texas 75234 ----------------------------------------------- ------------------------ (Address of prinicpal executive offices) (Zip Code) Registrant's Telephone Number, including area code 972-407-8400 ---------------------------- Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of each exchange on which registered Common Stock, $0.01 par value American Stock Exchange ----------------------------- ----------------------------------------- Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ X ] Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes [ ] No [ X ] The aggregate market value of the voting stock held by non-affiliates of the issuer, computed by reference to the closing sales price on June 30, 2004, was approximately $2,424,000. At March 31, 2005, the issuer had outstanding approximately 977,004 shares of par value $0.01 Common Stock. DOCUMENTS INCORPORATED BY REFERENCE None AMENDMENT NO. 2 TO ANNUAL REPORT ON FORM 10-K FOR CABELTEL INTERNATIONAL CORPORATION The undersigned Registrant hereby amends the following items, exhibits, or other portions of its Annual Report on Form 10-K for the fiscal year ended December 31, 2004 as set forth below and as reflected in the substituted pages attached hereto which replace the same numbered pages in the original filing: o Cover Page - Correction of typographical error on word "principal." o Page 6 - Correction of symbol (Mbbl) under subcaption "Summary Oil Reserve Data." o Page 12 - Correction of typographical error of word "tortious." o Page 14 - Deletion of "XYZ" under second full paragraph of Item 5. o Page 16 - Correction of typographical error "assumes." o Page 19 - In second full paragraph, change $1,455,000 to $370,000 in 2004, change $1,346,000 to $565,000 in 2003, and change $2,414,000 to $2,076,000 in 2002. In third full paragraph, change of number $5,009,000 to $4,165,000 in 2004 and change $3,829,000 to $3,461,000 in 2003. In fourth full paragraph, change the number $3,479,000 in 2004 to $3,720,000, and change $3,487,000 in 2003 to $3,900,000. o Page 28 - Under subcaption "Code of Ethics," a typographical error correction of word "principal." o Page 34 - Correction of typographical error of word "therefore" in final paragraph on page. o Page 36 - Under "Audit-Related Fees," correction of grammatical error "are" to "is." o Page F-19 - Note H - Earnings per share on the line designated "Effect of diluted securities - Employee stock options," the year 2004 should be -0-, the year 2003 should be 80, and the year 2002 should be 20. --------------------------------- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly-authorized. Date: April 20, 2005. CABELTEL INTERNATIONAL CORPORATION By: /s/ Gene S. Bertcher ------------------------------------- Gene S. Bertcher, President and Chief Financial Officer