=============================================================================
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 16, 1998 - Commission File No. 0-17746
----------------- -------
SAFE TECHNOLOGIES INTERNATIONAL INCORPORATED
(Formerly Safe Aid Products Incorporated)
----------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Delaware 22-2824492
------------------------------- ---------------------
(State or other jurisdiction of (IRS Employer ID No.)
incorporation or organization)
249 Peruvian Avenue
Suite F2
Palm Beach, Florida 33480
------------------------------- ----------
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code: (561) 832-2700
--------------
* On February 9, 1998, Safe Aid Products Incorporated merged with and into
Intelligence Network International and was renamed Safe Technologies
International Incorporated.
============================================================================
<PAGE>
Item 5. Other Events
The Company issued a press release today announcing the opening
of 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.
<PAGE>
Signatures
----------
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
------------------------------
Barbara Tolley, CEO & Chairman
Dated: December 16, 1998
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
THE INTERNET MALL 'FOR THE RICH AND FAMOUS' OPENS
Palm Beach, FL. December 16, 1998, Safe Technologies International, Inc.,
(OTC:SFAD) announced today that Internet Commerce, Inc., one of SFAD's wholly
owned subsidiaries had opened IN CyberMall.com, 'The Mall for the Rich and
Famous'.
Brad Tolley, V.P. of Investor Relations announced "IN CyberMall.com has opened
Phase I of its mall, in order to be part of the 1998 first Holiday season where
Internet sales are expected to claim a much larger share of shoppers' dollars,
than ever before.
IN CyberMall.com hopes to fill the need in the marketplace, where none of the
other Internet malls have concentrated before, promoting and selling exclusively
upmarket products. IN CyberMall.com presents a sophisticated shopping
environment which has been designed to appeal to the merchant retailer who has,
up to the present, not been willing to turn their product representation over to
existing malls.
One of the most unique features of the mall, which is expected to attract a
great deal of worldwide interest is the section called 'Famous Shopping
Streets', i.e. Worth Avenue, Palm Beach; Rodeo Drive, Beverly Hills; Fifth
Avenue, Madison Avenue, New York; Bond Street, London; Rue du Faubourg Saint
Honore, Paris; Via Condotti, Rome, etc. This section opened with Worth Avenue
in Palm Beach, FL and Fifth Avenue in New York, world class shopping streets.
The Worth Ave. and Fifth Ave., streets are presented graphically with
photography, maps, and a merchant directory. Stores on these streets are being
contacted to ascertain their interest in being graphically represented on their
street in the mall with their own exterior store front, product photography and
option for virtual tours of their premises. Stores having existing web sites
will be offered the opportunity to have their site linked in for a monthly fee.
The Famous Shopping Streets section will continually be expanded with new
streets being added and new participating stores."
The mall includes topics and subjects of interest to the 'rich and famous', i.e.
society news, fashion shows, social calendar events, stock market quotes, and a
number of investment news and financial hyperlinks. Also, Included on the site
is a Prize Box, where browsers may drop their name, address, telephone number,
etc., and hope to win a prize donated by one of the mall tenants at a monthly
drawing. Mr. Tolley noted " we are going after the affluent and busy Internet
user who does not have time nor desire to 'surf the net'. We intend to be
his/her one stop shopping bookmark on the net."
The most expensive purchase displayed on the site is a Palm Beach estate,
advertised for $14,000,000 in a Christmas Banner. A graphic, showing the house
cascading out of a Christmas stocking with copy reading, 'The Ultimate Christmas
Gift for the Woman who has Everything', takes one to an interactive web site
where the mansion is presented with location maps, photos, and a 'netmercial'
showing Palm Beach's blue Atlantic Ocean, Worth Avenue, resplendent with
Christmas tree, the mansion's interior principal rooms, main salon, dining room,
and estate grounds, all with voice description of the home's features and
Christmas music background.
Mr. Tolley noted that "Phase II is under construction right now, and will
contain the In CyberMall.com Department Store where IN CyberMall.com will make
its' own direct sales of select upmarket products. We pushed to open, with
various features yet to be implemented. We have been getting tens of thousands
of hits a day for the last two weeks, with just a sneak preview page of the mall
being visible. We were not able to complete the IN CyberMall.com Department
Store and the retailers' products which we will be representing for opening.
With no formal announcement or publicity, we put the site up and within 30
minutes, we had received 7 email forms from people in the US, Canada, and one
from Sweden, who had filled out the prize box on the site. From the individual
comments made on those emails, it appears that IN CyberMall.com has hit the
mark. IN CyberMall.com will continually be expanded and improved."
Safe Technologies International, Inc., (OTC: SFAD), based in Palm Beach,
Florida, is a multi-faceted company with multiple areas of concentrations:
Internet, Technology, and Heath Care/Wellness.
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.
