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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 (Date of Earliest Event Reported): March 4, 1999
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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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Item 4. Change in Registrant's Certifying Accountants
(a) Previous independent accountants
(i) On March 4, 1999, Safe Technologies International, Inc. (the
"Company") decided that it was in its best interest to retain an
accounting firm that was based in South Florida. On March 4, 1999,
the Company dismissed Scott & Guilfoyle, P.A., its independent
accountants, who are based in Lake Success, New York. The
Company's decision to change accountants was based solely on
the decision to have a local accounting firm and was not at all
related to the quality of Scott & Guilfoyle's work or any
disagreements with such firm.
(ii) The reports of Scott & Guilfoyle on the financial statements for
the past two fiscal years contained no adverse opinion or
disclaimer of opinion.
(iii) The Company's Board of Directors participated in and approved
the decision to change independent accountants at a Board meeting
held on March 3, 1999.
(iv) In connection with its audits for the two most recent fiscal
years ending November 30 1997 and November 30 1998 and
through March 4, 1999, there have been no disagreements with
Scott & Guilfoyle on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope
or procedure, which disagreements if not resolved to the
satisfaction of Scott & Guilfoyle would have caused them to
make reference thereto in their report on the financial statement
for such years.
(v) The Company has requested that Scott & Guilfoyle furnish it
with a letter addressed to the SEC stating whether or not it
agrees with the above statements. A copy of such letter dated
March 5, 1999 is filed as Exhibit 1 to the Form 8-K.
(b) New independent accountants
(i) The Company engaged Sewell and Company, P.A. ("Sewell") as its
new independent accountants as of March 4, 1999. Sewell has
offices in Hollywood, Florida and Pembroke Pines, Florida.
Prior to the engagement, the Company did not consult with Sewell
about the application of accounting principles to a specific
completed or contemplated transaction, or the type of audit
opinion that might be rendered on the Company's financial
statements or ask Sewell to provide any written or oral advice
that was an important factor that the Company considered in
reaching decisions as to the accounting, auditing or financial
reporting issues.
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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: March 9, 1999
EXHIBIT 99.1
SCOTT & GUILFOYLE
Certified Public Accountants
5 Dakota Drive - Suite 206
Lake Success, New York 11042
Paul J. Scott, C.P.A. (516) 775-9600
Richard T. Guilfoyle, C.P.A. Fax (516) 328-6638
March 5, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Safe Technologies International, Inc.
File # 0-17746
Gentlemen:
We were previously the principal accountants of Safe Technologies International,
Inc. (Formerly Safe Aid Products Inc.) and, under the date of February 9, 1998,
we reported on the financial statements of Safe Aid Products, Inc. as of and for
the years ended November 30, 1998 and 1997. On March 4, 1999, our appointment as
principal accountant was terminated. We have read Item 4 of the Form 8-K dated
March 4, 1999 of Safe Technologies International, Inc. (formerly Safe Aid
Products, Inc.) and we agree with the statements contained in paragraph 4(a)
therein so far as they relate to our firm.
Very truly yours,
/s/ Scott & Guilfoyle
