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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: December 9, 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 pre opening details
about INCyberMall.com, an Internet Commerce Mall. 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 TECHNOLOGIES INTERNATIONAL INCORPORATED
By: /s/ Barbara Tolley
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Barbara Tolley, CEO & Chairman
Dated: December 9, 1998
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SFAD ANNOUNCES PRE OPENING DETAILS OF IN CYBERMALL,
THE INTERNET SHOPPING MALL FOR THE RICH AND FAMOUS.
Palm Beach, FL., December 9, 1998, Safe Technologies International, Inc.,
(OTC: SFAD) released a statement today regarding some of the planning and
further details regarding their Internet Shopping Mall, INCyberMall.com, the
mall for the 'rich and famous', scheduled to open shortly. According to Brad
Tolley, Vice President of Investor Relations, "we have had many emails and
numerous telephone calls from enthusiastic SFAD shareholders and other
interested parties, since announcing the planned opening, wanting to have
additional details about the mall".
The Mission of IN CyberMall will be to secure select partners for revenue
sharing and to assemble and present a global presence of successful upmarket
retailers, in a one stop shopping mall for the 'rich and famous'. The mall,
with a unique shopping style and environment for shopping on the Internet,
will contain, when completed, a wide range and scope of product offerings and
major shopping stores on famous world shopping streets.
An innovative concept for displaying products in collections of actual stores
on specific streets, will enable shoppers to browse and shop in different
parts of the world on the world class shopping streets, i.e. Worth Ave.,
Fifth Ave., Rodeo Drive, Bond Street in London, Rue Du Faubourg Saint Honore
in Paris, etc. from their homes or offices. Mall Tenants will be able to
display their store fronts, interior space layouts, and products to the world
with the latest available technologies, such as 'virtual tours' of stores and
shopping streets.
In addition to the specific shopping streets, shoppers will also be able to
browse and shop for upmarket products being presented in the mall by
Retailers who do not have a actual physical presence on the Famous Shopping
Street locations. These products will be organized and presented in profile
categories, i.e., Fashion, Cuisine, Health & Beauty, Sports, etc., and those
participating Retail Tenants will also have full access to the full range of
IN CyberMall's services.
Other mall special features, i.e., Fashion Shows, Designer Trunk Shows,
Society News, etc., believed to be of interest to visitors, will be offered
throughout the calendar year. Management is also currently seeking an
appropriate celebrity person or persons for endorsement of the mall.
In planning for ongoing successful development of the IN CyberMall concept,
Management will offer a flexible Tenant package that should accommodate
important retailers' needs and be cohesive with their existing marketing
plans. Mall Tenants may select from a number of options for participation in
the mall, i.e. Revenue Sharing or Partnering of Revenue Sales, Banner
Advertising, Leasing Space in the Mall, Hosting Web Sites, Web Site
Construction, or comprehensive Internet Commerce fulfillment services.
Management believes that, due to the unique concept of IN CyberMall's
collection of upmarket stores on famous shopping streets, etc., the level of
marketing exposure and resultant traffic to Tenants' sites should be
significant and should be helpful in negotiating revenue sharing agreements
with Tenants. Management is, currently, in talks with several prestigious
companies, however, there are no guarantees that these negotiations will be
concluded on a timely basis. With the planned opening, prior to Christmas,
IN CyberMall will open with a limited number of Tenant agreements, in place.
Pursuant to opening, further additional improvements to the mall, and
concentration on attracting major mall Tenants will be an on going function
for IN CyberMall.
Safe Technologies International Inc. (OTC: SFAD), based in Palm Beach,
Florida, is a multi-faceted company with multiple areas of concentration:
Internet products, services, and Directories; Marketing, Advertising, Digital
Pre-Press Graphics and Printing; customized PC systems and networks; Heath-
Care/Wellness and Real Estate products, services, and software.
SOURCE: Safe Technologies International, Inc.,(SFAD)
CONTACT: Brad Tolley VP Investor Relations
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's 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
September 30, 1998.
