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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 21, 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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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 Toddler's
Learning Center, Inc., in Stuart, FL. The information contained in
the press release, a copy of which is attached hereto as Exhibit 99.1
is incorporated herein by reference.
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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 AID PRODUCTS INCORPORATED
By: /s/ Barbara Tolley
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Barbara Tolley, President
Dated: July 21, 1998
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SFAD ANNOUNCES CHILDREN'S INTERNET
LEARNING CENTER BUSINESS ACQUISITION
July 21, 1998. Safe Technologies International, Inc., based
in Palm Beach, FL has entered into a Letter of Intent for a
subsidiary business acquisition.
The Company, 'Toddler's Learning Center, Inc.', (TLC) based
in Stuart, FL is a high quality child care and education
center providing an array of services for the child, the
parent, and the community with an Internet spin. TLC provides
developmentally appropriate education and child care to
children from birth through age 12. In 1995, the Center was
awarded official accreditation by the National Academy of
Early Childhood Programs and has also been accorded the Gold
Seal of Excellence by the Florida Department of Children and
Families.
The existing Management and founders will enter into Employment
Agreements to continue operations modeled after the principles
established by the National Association for the Education of
Young Children (NAEYC). They are assisted by an additional nine
teachers.
Pursuant to the closing of the acquisition, which will operate
in SFAD's Health and Wellness Division, SFAD's Internet Staff
will integrate additional Internet capabilities into the
Learning Center. SFAD will create and develop a specialized
Internet children's screening software package capable of
providing appropriate informational and educational subjects as
well as offering parental classroom supervision of the children
via the Internet.
Annual Service Revenues for TLC last three years range from
$335,000 and $375,000, subject to Due Diligence and two year
Certified Audits which are in process. In a stock for stock
transaction, the former Shareholders of the business will
receive SFAD 144 Restricted Common Stock.
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Safe Technologies International, based in Palm Beach,
Florida, is a multi-faceted company with multiple areas of
concentration: Internet products, services, and Internet
Directories; Marketing, Advertising, and Digital Pre Press
Graphics and Printing; customized Personal Computer systems
and networks; Heath Care/Wellness related products and
services, such as, i.e.. SFAD's Nasal Aspirin Patent; 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, 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.
