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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: November 3, 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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Item 5. Other Events
The Company issued a statement announcing Safe Technologies is Proffered
as 'The Internet Growth Stock' for the Average Investor's Portfolio. The
information contained in the statement, 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: November 3, 1999
[logo]
EXHIBIT 99.1
SAFE TECHNOLOGIES IS PROFFERED AS 'THE INTERNET GROWTH
STOCK' FOR THE AVERAGE INVESTOR'S PORTFOLIO
Palm Beach, FL. November 3, 1999, Safe Technologies
International, Inc., (OTC/BB: SFAD) announced today that
third quarter Company Revenues were up 500% over 1998,
largely attributable to acquisitions, and losses were
reduced by 83% compared to third quarter in 1998,
attributable to the high priority management has placed on
tightly controlling costs.
Brad Tolley, V. P. of Investor Relations, said "Management
feels that we have come through a very successful third
quarter, wherein the Company has spent the better part of a
year assembling the building blocks of a niche, information
age, service company, positioning SFAD to be able to offer a
'full service' Internet agency in the Millennium. The
Company has, now, a presence in place for 'three' of the
four key sectors in the Internet economy: Internet
Services, (Site Design & Hosting, Consultantcy, E-Commerce
Applications); Internet Intermediary, (Electronic
Advertising Agency and a Portal: FamousShoppingStreets.com);
and thirdly, direct Internet Electronic Commerce
(CybermallsCastle.com & TheGlobalDeli.com). The only key
Internet sector in which we do not have a capability is as
an Internet Infrastructure / Bandwidth provider. Such an
entity, which would be our 'ultimate' Joint Venturer, is on
the top of Management's list for 2000. Attracting a partner
telecommunications company would put SFAD in a very powerful
position.
We believe that we have successfully created an Internet
business model, without incurring huge debt. Throughout the
year, Management focused on the fact that every business
that wishes to survive is going to have to become a digital
business; SFAD is now capable of providing these Internet
based information services to our target portion of the
market, and we intend to get our share of this huge
projected Internet economy."
Mr. Tolley concluded by saying, "Management is very bullish
about our future, and we believe that SFAD is, right now, a
very attractive, affordable Internet stock for anyone
wishing to have Internet stocks in their portfolio".
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 and Form 10-QSB for the quarter
ended September 30, 1999.
