Today's SFAD News release:
Safe Technologies To Acquire Connect.Ad
PALM BEACH, Fla., July 16 /PRNewswire/ -- Safe Technologies International,
Inc., (OTC Bulletin Board: SFAD) announced today that in their continued
efforts to increase SFAD's internet presence, Management has signed a Binding
Letter of Intent to acquire all of the shares of Connect.Ad, Inc., a
franchiser, whose corporate headquarters are located in Pompano Beach, FL.
Connect.Ad, an internet marketing and sales franchise, has its UFOC approved
in 36 States, including the District of Columbia. In the remaining 14 states
which require state registration, Connect.Ad is registered in New York,
Michigan, Maryland, California, Florida, and Georgia.
Brad Tolley, Vice President of Investor Relations, reported the "acquisition
of Connect.Ad provides SFAD another aspect of Internet specialization --
marketing. We looked at a number of Internet franchises, but, all were
technology driven. Connect.ad is designed as a franchise for general
business people, sales and/or marketing individuals who want to get into the
growth of the Internet, but don't know anything about technology. This is an
inexpensive, $10,000 and up, depending upon the territory, electronic ad
agency franchise. The franchisee is supplied with 'turn key' manuals and
marketing materials trained to sell Internet services, while eliminating
technology from the equation. All of the back-office technology function and
services, relating to the sales made by franchisees, will be handled by our
existing Florida Internet technology companies. The franchisees will
represent merchants' product sales, in their exclusive territories, for
SFAD's E-Commerce malls: CybermallsCastle.com, and our upcoming
DejaVuFashions.com, and the GlobalDeli.com. Additionally, franchisees will
represent the sales and promotion of SFAD's online 'Famous Shopping Streets,'
which will be developed for important franchisee cities, within their
territories. We believe that 'every town' has a famous shopping street. In
essence, the franchise affords SFAD the opportunity to develop national
representation of an Internet sales force via independent entrepreneurs
Franchisees."
Connect.Ad, a new franchiser, has already sold two franchises to date, one in
Florida and one in Texas. Specializing in developing online and interactive
business strategies and electronic ad campaigns, the Florida franchisee has
an extensive client list, i.e., Bank Atlantic, Bachrodt Automotive Group,
Silent Coup, (NY Times bestseller) Burt and Jack's, Fred Astaire Dance
Studios, etc.
Mr. Tolley stated, "We expect to close the acquisition within 30 days, and we
are already working on a marketing program to expose the franchise
nationally."
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.
SOURCE Safe Technologies International, Inc.
CO: Safe Technologies International, Inc.; Connect.Ad
ST: Florida
IN: CPR MLM
SU: TNM
07/16/99 11:28 EDT prnewswire.com
|
