UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                              Amendment No. 1 to
                                  SCHEDULE 13D

                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                Accesstel, Inc.
                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $.001 PER SHARE.
                         (Title of Class of Securities)

                                  00433C 30 8
                                (CUSIP Number)

                                  Eddy Sayad
                            c/o Asiatic Industries
                            66 Clinton Road, Unit 5
                              Fairfield, NJ 07004
                                (973) 882-8861
                                --------------
     (Name,  Address  and  Telephone  Number  of  Person Authorized  to        
                     Receive  Notices  and  Communications)

                               October 13, 2004
   (Date  of  Event  which  Requires  Filing  of  this Statement)


If the filing person has previously filed a statement on Schedule 13G 
to report the acquisition that is the subject of this Schedule 13D, and is 
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the 
following box [_].

NOTE:  Schedules filed in paper format shall include a signed original 
and five copies of the schedule, including all exhibits. See Rule 13d-7 for 
other parties to whom copies are to be sent.

The information required on the remainder of this cover page shall not 
be deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).


                                  SCHEDULE 13D


                              CUSIP NO. 00433C 30 8

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      1.    NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

            Eddy Sayad
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      2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

            (a) X
            (b) 

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      3.    SEC USE ONLY
          
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      4.    SOURCE OF FUNDS

            PF
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      5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
            PURSUANT TO ITEMS  2(d)  or  2(e)

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      6.    CITIZENSHIP OR PLACE OF ORGANIZATION

            Lebanon
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      7.    SOLE VOTING POWER

            5,980,000

         NUMBER OF          
          SHARES                  8.    SHARED VOTING POWER
      BENEFICIALLY
         OWNED  BY                      0
      EACH REPORTING        
          PERSON                  9.    SOLE DISPOSITIVE POWER
          WITH
                                        5,980,000
                            
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                                  10.   SHARED DISPOSITIVE POWER

                                        0
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      11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING  
            PERSON

            5,980,000

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      12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) 
            EXCLUDES CERTAIN SHARES

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      13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            19.42%

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      14.   TYPE OF REPORTING PERSON

            IN
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                                  SCHEDULE 13D

ITEM  1.  SECURITY AND ISSUER.

     This statement relates to the common stock, par value $.001 per share
(the "Common Stock"), of Accesstel, Inc., a Utah corporation (the "Company" or
the "Issuer").  The Company's principal executive offices are located at 2904
East Shady Lane, Highland Ranch, CO 80126.

ITEM  2.  IDENTITY AND BACKGROUND.

(a)  This Schedule is being filed by Eddy Sayad.

(b)  The mailing address of Mr. Sayad is c/o Asiatic Industries, 66 Clinton    
     Road, Unit 5, Fairfield, NJ 07004.

(c)  Mr. Sayad is a stockholder of the Company.

(d)  During the last five years, Mr. Sayad has not been convicted in any    
     criminal proceeding (excluding traffic violations and similar             
     misdemeanors).

(e)  During the last five years, Mr. Sayad was not a party to a civil  
     proceeding of a judicial or administrative body of competent jurisdiction 
     which, as a result of such proceeding, made him subject to a judgment,    
     decree or final order enjoining future violations of, or prohibiting  
     or mandating activities subject to, federal or state securities laws  
     or finding any violation with respect thereto.

(f)  Mr. Sayad is a citizen of Lebanon.

ITEM  3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
     
      Personal Funds
     
ITEM  4.  PURPOSE OF TRANSACTION.
     
      The acquisition of Global Invest Holdings, Inc. by Accesstel, Inc. in
connection with which Mr. Sayad was issued 5,750,000 shares of Accesstel
Common Stock.
     
ITEM  5.  INTEREST IN SECURITIES OF THE ISSUER.

(a)  According to the Company's Transfer Agent, there were 30,791,740 shares   
     of Common Stock outstanding as of October 22, 2004.  Mr. Sayad is the     
     beneficial owner of 5,980,000 shares of Common Stock, which represents    
     approximately 19.42% of the outstanding shares of the Company's Common    
     Stock.

(b)  Mr. Sayad has the sole power to direct the vote of the 5,980,000 shares  
     of Common Stock beneficially owned by him and the sole power to direct    
     the disposition of such shares.

(c)  Except as set forth in this Schedule 13D, there have been no sales or     
     purchases with respect to the Company's shares effected during the past   
     sixty days by Mr. Sayad.

(d)  Not Applicable.

(e)  Not Applicable.

ITEM  6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS 
WITH RESPECT TO SECURITIES OF THE ISSUER.

Except as described above and elsewhere in this Schedule 13D, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among Mr. Sayad and any other person with respect to any securities of
the Company.

ITEM  7.  MATERIAL TO BE FILED AS EXHIBITS.

None; not applicable.

                                    SIGNATURE

      After  reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated: 10/27/04
     
/s/ Eddy Sayad
---------------------
Eddy Sayad