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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: March 11, 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 today announcing plans to diversify
with an additional internet company acquisition. 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: March 11, 1999
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SAFE TECHNOLOGIES INTERNATIONAL, INC. ANNOUNCES
CONTRACT TO DEVELOP A WEB SITE FOR
LATIN AMERICA DIVISION OF ORACLE CORPORATION (ORCL)
PALM BEACH, FL., March 10, /PRNewswire/---Safe Technologies International,
Inc., (OTC: SFAD) announced today that their wholly owned Internet subsidiary,
Internet Associates International, Inc., based in Boca Raton, Florida have
contracted with and are in process of developing a web site for the Latin
America Division (LAD) of Oracle Corporation.
Oracle Corporation is the world's second largest software company and the
leading supplier of software for enterprise information management. Oracle
offers it's database, tools and applications products, along with related
consulting, educational, and support services in more than 145 countries around
the world. The LAD Legal web site will be utilized for internal Oracle clients
who want access to business and legal information that applies directly to Latin
America and the Caribbean. The Oracle LAD Legal Department provides legal
advice to the region on a continual basis, daily, and is actively involved in
the negotiation and preparation of legal documents.
Brad Tolley, VP of SFAD Investor Relations said, "we are very bullish about IAI,
our new acquisition company, and the creativity and experience Ms. Randi Swatt,
IAI's President, and her staff bring to the marketplace on behalf of their
clients. IAI is an experienced Internet Marketing and Web Site Development firm
specializing in the development, marketing, and hosting of Web sites, as well as
the training of Web developers. IAI owns and maintains five Internet Servers,
on location, with direct redundant T-1 connections to the Internet."
Mr. Tolley said "IAI's penetration into the Latin American marketplace has
already been significant and IAI is strategically planning to push further into
Latin America, an area of the world where there is larger potential for Internet
development, than Europe. IAI intends to utilize their South Florida location
gateway, as a technical base in securing their proportionate market share of,
reportedly, 'millions' of potential web development clients."
Safe Technologies International, Inc., (OTC: SFAD), based in Palm Beach,
Florida, is a multi-faceted company with multiple areas of growth
concentrations: Internet, Technology, and Health Care/Wellness.
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 unproven market for SFAD's products
and services, the availability of suitable financial resources, the
availability of management, 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 November, 1997 and Form 10-QSB for the quarter ended September 30, 1998.
