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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 31, 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 confirms float is 100,000,000
shares. The information contained in the press release, a copy of
which is attached hereto as Exhibit 99.1 is incorporated herein by
reference.
<PAGE>
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 31, 1999
[logo]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SAFE TECHNOLOGIES INTERNATIONAL, INC. (SFAD)
CONFIRMS FLOAT IS 100,000,000 SHARES
Palm Beach, FL., March 31, 1999, Safe Technologies International, Inc.,
(OTC:SFAD) reported today, that the current number of shares available for
trading, at this time, is 100,000,000 shares. Many shareholders are confusing
the 'float' with the number of SFAD's issued shares, (including 144 Restricted
shares), totaling 712,489,700 at December 31, 1998.
Brad Tolley, Vice President of SFAD Investor Relations said, "we do not expect
the float to increase dramatically in 1999, due to Lock Up Agreements which
SFAD's Management and major shareholders have entered into. SFAD shareholders
should also note that a large percentage (75%) of the SFAD issued stock is 144
Restricted stock which is owned by two shareholders. This means that the float
should not be significantly increased in the short and medium term".
Management will keep Shareholders apprised as to significant increases of
SFAD's Float.
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 technical issues relating to the
design and availability of the web site, 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.
