Item 2.01 Completion of Acquisition or Disposition of Assets.

Sale of Investment in LIMOS.com LLC

On October 29, 2008, C2 Global Technologies Inc. (the "Company") completed the sale of its ownership interest in LIMOS.com LLC ("LIMOS.com") to an unrelated party, T and J Capital, LLC, an Arizona limited liability company. The Company's net proceeds from the sale are expected to be approximately $780,000, resulting in a gain of approximately $388,000. The Company's investment in LIMOS.com, which was made through its wholly owned subsidiary, C2 Investments Inc., was completed in September 2007 when it acquired 400,000 units (approximately 16%) of LIMOS.com.