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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: April 18, 2000 - 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 regarding a management report to
Shareholders. 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: April 19, 2000
[logo]
EXHIBIT 99.1
SAFE TECHNOLOGIES ISSUES AN ADDITION TO
MANAGEMENT REPORT TO SHAREHOLDERS
Palm Beach, FL. April 19, 2000 - Safe Technologies
International, Inc., (OTC: Bulletin Board: SFAD) issued
a statement, today.
Brad Tolley, V.P. of Investor Relations said "We know
that our Shareholders are wanting information, but, it
is has not been possible, to reply one on one. Thus,
we are reporting, to Shareholders, simultaneously,
regarding their recent, two, most frequently asked
questions."
"As to Shareholders questions regarding SFAD stock price,
Management understands the importance of the stock price,
but a Company does not control the stock's movement.
Currently, we are caught in the gyrations of a volatile
market, along with other public companies. We are not
happy about this condition; we have to manage
expectations of acquisition candidates, investors,
marketing partners, employees, etc., with a changing
value of the Company from day to day.
As to Shareholders wanting information, regarding the
February 10th PR Release's comment about 'planned
growth', Management is unable to provide any definitive
information, at this time. We had expected to be able
to conclude negotiations much faster. However, with that
said, negotiations are ongoing."
Mr. Tolley concluded by saying "What Management is doing,
concurrently, is concentrating on building the Company.
Shareholders will have reviewed the recent 10KSB filing,
and will see that Revenues for 1999 were increased by 98%
over 1998. Cash losses were minimal for 1999; the
Company's debt is very insignificant, due to a principal
shareholder's private funding and our wholly owned
Subsidiaries' tight control of their expenses. We are
very positive and feel that SFAD is prime for growth and
increased Shareholder value over the long term."
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, 1999.
