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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: January 12, 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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* 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 regarding the source of recent large
stock transactions. 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, CEO & Chairman
Dated: February 23, 1999
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SAFE TECHNOLOGIES INTERNATIONAL, INC.,
SHAREHOLDER INFORMATION
Palm Beach, FL., February 18, 1999, Safe Technologies International, Inc.,
(OTC:SFAD) reported today, that the Company has recently received many
communications from SFAD Shareholders, asking if Management knows 'who' is
selling the large blocks of stock, during the weeks of February 8 and February
15,1999. In answer to Shareholders' question, Management does not know 'who'
is selling; we only know 'who' is capable of selling such large blocks.
Please, refer to the following information:
Management is aware of a new block of 144 Stock, some of which could have come
onto the market, February 9, 1999. This stock relates to an additional 7% of
SFAD stock which was taken and allocated by former SFAD Management at the time
of the Reverse Merger and Reverse Split, February 9, 1998. This seven percent
of SFAD stock is owned by the following persons: Stanley Snyder, past SFAD
President and Director (17,500,000 shares); Lawrence Feldman, past SFAD legal
counsel and Consultant (17,500,000 shares); New Amsterdam Investment Trust,
Warren Gilbert, Trustee, Finder's Fee, (7,054,772 shares); Neil Moskowitz,
Finder's Fee, (3,527,286 shares); Bob Weinberg, Brokerage's Fee, (3,527,286
shares). See: 'Consultant's Fees' and 'Brokerage and Finder's Fees' in the
SFAD Proxy Statement, dated January 30, 1998, Page 14. None of these
shareholders consented to entering into Shareholders Lock Up Agreements.
Management is concerned about these large recent sales, however it should be
noted that the volume of these sales is expressly permitted under Rule 144.
Management's attention and focus is concentrated on further development, in
what Management hopes to achieve, in turning SFAD into an E-Corporation before
the Year 2000, integrating our new acquisition, Internet Associates, Inc.,
into the operations of the Company, and assisting Internet Commerce, Inc.,
with the further development of IN CyberMall.com and CyberMalls Castle Store.
SFAD stockholders, understanding Management's philosophies, concepts, and
goals toward building a solid, sound business entity for the Company for the
long haul, are hopefully cognizant of the timing and assiduousness that should
be imposed to reach stated goals, and will support Management's efforts to
that end.
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: The Company
TEL: 561-832-2700
EMAIL: [email protected]
HTTP: www.safetechnologies.com
