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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
Date of Report: July 28, 1998 - Commission File No. 0-17746
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SAFE TECHNOLOGIES INTERNATIONAL INCORPORATED
(Formerly Safe Aid Products Incorporated)
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(Exact name of Registrant as specified in its Charter)
Delaware 22-2824492
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(State or other jurisdiction of (IRS Employer ID No.)
incorporation or organization)
249 Peruvian Avenue
Suite F2
Palm Beach, Florida 33480
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code: (561) 832-2700
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* On February 9, 1998, Safe Aid Products Incorporated merged with and into
Intelligence Network International and was renamed Safe Technologies
International Incorporated.
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<PAGE>
Item 5. Other Events
The Company issued a press release today announcing that it had
entered into a Letter of Intent for the Acquisition of V-Prime
Computers, Inc., in Boca Raton, FL. The information contained in
the press release, a copy of which is attached hereto as Exhibit 99.1
is incorporated herein by reference.
<PAGE>
Signatures
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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.
SAFE TECHNOLOGIES INTERNATIONAL INCORPORATED
By: /s/ Barbara Tolley
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Barbara Tolley, President
Dated: July 28, 1998
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SFAD ANNOUNCES
VAR COMPUTER SERVICE BUSINESS ACQUISITION
July 28, 1998. Safe Technologies International, Inc., whose
Executive Offices are based in Palm Beach, FL has entered into
a Letter of Intent for a subsidiary business acquisition.
"To ensure the Company's growing needs for custom designed and
assembled computer systems on the East Coast and to support the
burgeoning growth expectations of SFAD's new Internet Child
Care Centers, the Company is in process of acquiring - V-Prime
Computers,Inc.," according to Barbara Tolley, CEO.
V-Prime, strategically located in Boca Raton, FL, for over 11
years, has an extensive client list and is known as a
specialist in computer repairs, upgrades, networking and
installation of custom computer systems and service for small
businesses.
Ms. Tolley reports that "SFAD's Management Mission is that the
Internet should be inter-woven into a profitable business as a
practical application; thus, SFAD intends to integrate Internet
Commerce into V-Prime's day to day transactions as a means of
cost cutting, expediting parts orders, and improving customer
communication, billing and service questions."
Additional plans for expansion include adding a Retail operation
at the Boca Raton facility premises, i.e. Internet and Software
Training Classes and Web Site Development.
V- Prime will operate as an autonomous operating subsidiary,
within SFAD's New Technology Division. SFAD's intentions are to
roll up multiple computer companies through Acquisition.
Terms of the Acquisition were not disclosed. For further
information, contact the Company.
<PAGE>
Safe Technologies International, based in Palm Beach, Florida,
is a multi-faceted company with multiple areas of concentration:
Internet products, services, software and Internet Directories;
Marketing, Advertising, Digital Pre Press Graphics and Printing;
customized Personal Computer systems and networks; Heath
Care/Wellness and, Real Estate products, services and software.
SOURCE: Safe Technologies International, Inc., (SFAD)
CONTACT: Safe Technologies International, Inc., (SFAD)
TEL: 561-832-2700
EMAIL: [email protected]
HTTP:// www.safetechnologies.com
Forward-Looking Statements: Except for the historical
information contained herein, this news release may contain
forward looking statements within the meaning of Section 27A
of the Securities Act of l934, as amended, that may involve
risks and uncertainties, including those relating to the
availability of suitable financial resources, the
availability of management, unproven market for sfad products
and services, as well as other risks detailed from time to
time in the Company's SEC reports, including reports on Form
10KSB for the year ended November, 1997 and Form 10-QSB for
the quarter ended March 31, 1998.
