SFAD.0052x.0055.Alert=As July 15th aproaching,for the closing,price moving up.I wonder what the new guys have under their sleeves to announce after the closing.Hmmmmm.
Read bold spots.
Closing is scheduled to take place on or before July 15, 2004.
Michael J. Posner, President, said, "Pursuant to a Stock Purchase Agreement entered into between the two largest shareholders in Safe Technologies International, Inc., there will be a change of control of the Company. Zabas Investments, Inc., the principal of which is currently a significant beneficial shareholder in the Company, or its assigns, will purchase 225,000,000 shares from The Lang Family Trust. Closing is scheduled to take place on or before July 15, 2004.
Once the stock purchase is closed, Zabas' management will oversee day to day operations. It is expected that various Directors and Officers of the Company will be replaced, on a scheduled basis, as a result of the transaction. Further details, such as the new ownership's business plan for the Company, will be disclosed to the Shareholders when available."
Mr. Posner concluded, "Management views this transaction as a very positive direction for the Company and looks forward to the addition of the new management's thinking and ideas. |
