Trying a little SFAD on the news for a position play.
DD
(COMTEX) B: SAFE TECHNOLOGIES ANNOUNCES 'THEGLOBALDELI.COM' OPENING
B: SAFE TECHNOLOGIES ANNOUNCES 'THEGLOBALDELI.COM' OPENING
PALM BEACH, Fla., Oct 13, 1999 /PRNewswire via COMTEX/ -- Safe
Technologies International, Inc., (OTC Bulletin Board: SFAD) announced
today the opening of its first online food mall -- TheGlobalDeli.com.
Brad Tolley, vice president of Investor Relations, said, "We are moving
into the food industry 'online sales' business, as food is one of the
fastest- growing product item sales on the Internet. The company's plan
is three-fold: partnerships with global food suppliers; national and
regional partnerships with delivery grocers; and potential acquisitions
of existing niche food malls."
TheGlobalDeli.com is a partnership site, opening with such suppliers
as: Great Coffee, Liquor by Wire, Smoke Shop, and Omaha Steaks. Soon to
be added are Hickory Farms, Giftpaks, and Fulton Street food products.
Available for ordering, at opening, are various cuts of meats, multiple
seafood selections, imported wines, cigars, various coffees, and
imported teas. All fresh items are dropped-shipped, temperature
controlled, within a few days of ordering. The company intends to build
a comprehensive line of specialty food items for the discriminating
shopper.
Under construction is the company's second food mall -- the
'FoodandWineEmporium.com.' This mall is designed to contain regional
gourmet grocers who routinely make home deliveries in their market
areas to their high-end customers. This site will offer the grocers'
customers the convenience of having all or most of the regular grocer's
products displayed online. The customer can select products, at any
time of day/night, fill an online shopping cart, and send the order to
the grocer by email. Technology eliminates the time-consuming task of
the customer having to telephone and tediously verbally transmit, the
weekly food list for home delivery. With the FoodandWineEmporium.com
providing all the technology, E-Commerce/Shopping Cart, etc.,
maintenance of the site, for niche grocers, it becomes a very
attractive and cost effective medium for the grocer. This food mall is
expected to open in early December 1999.
Mr. Tolley concluded with "the company feels that we are in an
excellent position to attract wholesale food partners and up-market
grocers, with our full service technology package. An advantage that
the company has, is that we have multiple malls, CybermallsCastle.com,
the FamousShoppingStreets.com, etc., linked to each other. The traffic
from one site frequently benefits the others.
"High visitor traffic, unusual niche products, site attractions
designed to encourage repeat visits from our target market profile, the
company's loyal shareholders' shopping excursions, and the company's
expertise in Internet marketing, are all important elements which
should lead to substantially increased E-commerce revenues,
particularly, in view, of the magnitude of new products that are,
currently, being offered for sale in our malls."
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, and Form 10-QSB for the quarter ended June 30,
1999.
SOURCE Safe Technologies International, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Brad Tolley, VP of Investor Relations, Safe Technologies
International, Inc., 561-832-2700, or e-mail,
investor.relations@safetechnologies.com
WEB PAGE: safetechnologies.com
GEOGRAPHY: Florida
INDUSTRY CODE: FOD
CPR
MLM
SUBJECT CODE: PDT
OTC
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