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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 16, 1999 - 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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<PAGE>
Item 5. Other Events
The Company issued a press release today announcing growth plans for
millennium. 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: July 16, 1999
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Safe Technologies International, Inc., (SFAD)
To Acquire Connect.Ad
Palm Beach, FL. July 16, 1999, Safe Technologies
International, Inc., (OTC BB: SFAD) announced today
that in their continued efforts to increase SFAD's
Internet Presence that Management has signed a Binding
Letter of Intent to acquire all of the shares of
Connect.Ad, Inc., a Franchiser, whose corporate
headquarters are located in Pompano Beach, FL.
Connect.Ad, an Internet Marketing and Sales Franchise,
has its UFOC approved in 36 States, including the
District of Columbia. In the remaining 14 states which
require state registration, Connect.Ad is registered in
New York, Michigan, Maryland, California, Florida, and
Georgia.
Brad Tolley, Vice President of Investor Relations,
reported the "acquisition of Connect.Ad provides SFAD
another aspect of Internet specialization - Marketing.
We looked at a number of Internet Franchises, but, all
were technology driven. Connect.ad is designed as a
Franchise for general business people, sales and/or
marketing individuals who want to get into the growth
of the Internet, but don't know anything about technology.
This is an inexpensive, $10,000 and up, depending upon the
territory, Electronic Ad Agency Franchise. The franchisee
is supplied with 'turn key' manuals and marketing materials,
trained to sell Internet services, while eliminating
technology from the equation. All of the back office
technology function and services, relating to the sales
made by Franchisees, will be handled by our existing
Florida Internet technology companies. The Franchisees
will represent merchants' product sales, in their exclusive
territories, for SFAD's E-Commerce malls:
CybermallsCastle.com, and our upcoming DejaVuFashions.com,
and the GlobalDeli.com. Additionally, Franchisees will
represent the sales and promotion of SFAD's online "Famous
Shopping Streets" which will be developed for important
Franchisee cities, within their territories. We believe that
'every town' has a famous shopping Street. In essence, the
Franchise affords SFAD the opportunity to develop national
representation of an Internet sales force via independent
entrepreneurs Franchisees".
Connect. ad, a new Franchiser, has already sold ,two
Franchises to date, one in Florida and one in Texas.
Specializing in developing online and interactive business
strategies and electronic ad campaigns, the Florida
Franchisee has an extensive client list, i.e., Bank
Atlantic, Bachrodt Automotive Group, Silent Coup, (NY
Times bestseller) Burt and Jack's, Fred Astaire Dance
Studios, etc.
Mr. Tolley, stated, "we expect to close the acquisition
within 30 days, and we are already working on a Marketing
Program to expose the Franchise nationally".
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 December 31, 1998.
