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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: August 24, 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 statement regarding Recent Ragingbull/SFAD Chat
Room Remarks. 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: August 24, 1999
[logo]
EXHIBIT 99.1
While it is not my policy to communicate directly with SFAD shareholders
and/or other interested parties on Internet Chat groups/threads, boards,
etc., I am doing so, due to the subjects of recent days regarding criticism
by several of your participants regarding Management's perceived lack of
replies or adaptation to Ragingbull voices and suggestions for advancing
SFAD. These remarks have been brought to my attention, and I felt that a
response is required.
Several Ragingbull participants have stated that "Investor Relations does
not return my phone calls; we do not know what is going on; they do not
follow our suggestions."
SFAD appreciates and values all SFAD shareholders and interested parties
emails and telephone calls, and in the instances wherein SFAD management
is able to personally reply or answer questions, we are happy to do so.
However, interested parties should understand that SFAD, at this time, is
a small growing public company, with a small Management team, who all wear
multiple 'hats' of job responsibilities. Thus, SFAD Management simply
does not have the manpower to be able to personally reply to the volume of
daily inquirers.
Management has tried to address this situation by making regular and
frequent Press Releases, as well as making the 10-KSB and 10-QSB's,
comprehensive. We believe that by so doing, we are informing 'as many
people as possible", SFAD's some 14,000 shareholders, AND the
Ragingbull.com interested parties and/or shareholders. Brad Tolley, Vice
President of Investor Relations, is frequently out of the office, traveling,
looking at potential acquisitions, assisting our current subsidiaries, etc.
We have tried replying to callers with the Receptionist calling back,
however that did not prove effective, as many persons were actually wanting
'new' information which the Receptionist does not have, nor, as instructed,
would give out, in any case, on an individual basis. This procedure has
been aborted, as ineffective and costly for the company due to the volume of
calls.
One new procedure we have adapted, designed to improve communications, is
that we have completed a database of all email addresses which we have
received, to date, throughout the past year, and as Press Releases are sent
out, these people will instantly receive their own personal copy. We
encourage all Ragingbull.com interested parties to forward their emails so
as to receive this information, on this timely basis, as well.
In conclusion, SFAD is and will continue to be interested in learning about
the thinking and suggestions of our shareholders. We value your interest
in SFAD. Furthermore, I suggest that you refer to and review the July 1,
July 16th , August 11th Press Releases and the August 13th , 10-QSB. As to
the future, Management is committed to providing ongoing and frequent Press
Releases, in the interest of keeping our shareholders informed about SFAD.
These Releases and the Company's SEC public filings should keep interested
parties very current, as to the status of where SFAD is, at the time, and
where we hope to go. Additionally, one can also check out the SEC Edgar
site, wherein more complete SFAD Filings and News Announcements, etc., are
stored and available to public access, such as this communication which
will be filed in the form of an 8-K.
