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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: October 5, 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 acquisition of an internet
franchise company. 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
SAFE TECHNOLOGIES ANNOUNCES ACQUISITION
OF INTERNET FRANCHISE COMPANY
Palm Beach, FL. October 5, 1999, Safe Technologies
International, Inc., (OTC-BB: SFAD) announced today
that it had closed an acquisition of 'CONNECT.AD',
an Internet US Franchisor Company, comprising three
companies: Connect.ad (the master franchisor);
Connect.ad Services (the Web Design/Hosting services
company); Connect.ad of South Florida (a prototype
Franchise operation, owned, to date, by the Parent
company, Connect.ad).
Brad Tolley, Vice President of Investor Relations,
reported "we view Connect.ad as the entity which will
be the core of our Internet business expansion, in
the US, Europe, South America, and Asia. SFAD has
been assembling 'Internet pieces' - Internet malls,
E Commerce capability, Site Hosting and Web Design
expertise, Internet Consultancy and Network services,
etc. We needed a cohesive entity, from which all of
our electronic services could emanate. Connect.ad
provides that vehicle for us."
Connect.ad is a comprehensive, unique, Marketing and
Sales Internet Franchise, vastly different from the
majority of US Internet Franchises, on the market
today, which are technology based. The Connect.ad
Franchisee will own and operate an 'electronic
advertising agency', specializing in providing
customers with full service electronic agency services
in addition to web development and site hosting,
e-commerce, customer and tech support. All of the
technology and support services will be provided to
the Franchisee by the Connect.ad Services, Inc., based
in Boca Raton, Florida. The Franchisee will also have
territorial rights for new product sales and companies
generated for SFAD's online malls: CybermallsCastle.com;
TheGlobalDeli.com, and the FamousShoppingStreets.com.
Franchisees will 'sell' and function as Senior Account
Executives in their territory.
"Our ideal franchisee" said Mr. Tolley, "is a 'sales
and/or marketing' oriented individual, who wants to
profit and participate in the Internet growth and who
doesn't want to deal with adding tech staff to his
payroll. Connect.ad Services, Inc., will provide all
the 'back-end' technical support for Franchisees' sales
territories. Connect.ad will be offering Franchises
for sale, all across the United States and Europe, in
various sized territories. Current talks are underway
with several professional organizations in the United
Kingdom who will handle Connect.ad Franchise
opportunities abroad. The formal Connect.ad Training
Program for Franchisees is being expanded and will be
housed in a new, enlarged training facility in Boca
Raton, Fl."
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.
