A penny with great news. (SFAD).
Safe Technologies International, Inc. Announces Contract to Develop a Web Sitefor Latin America Division of Oracle Corporation (ORCL)
PALM BEACH, Fla., March 11 /PRNewswire/ -- Safe Technologies
International, Inc., (OTC Bulletin Board: SFAD) announced today that its
wholly owned Internet subsidiary, Internet Associates International, Inc.,
based in Boca Raton, Florida has contracted with and is in the process of
developing a web site for the Latin America Division (LAD) of Oracle
Corporation.
Oracle Corporation is the world's second largest software company and the
leading supplier of software for enterprise information management. Oracle
offers its database, tools and applications products, along with related
consulting, educational, and support services in more than 145 countries
around the world. The LAD Legal web site will be utilized for internal Oracle
clients who want access to business and legal information that applies
directly to Latin America and the Caribbean. The Oracle LAD Legal Department
provides legal advice to the region on a continual basis, daily, and is
actively involved in the negotiation and preparation of legal documents.
Brad Tolley, VP of SFAD Investor Relations said, "We are very bullish
about IAI, our new acquisition company, and the creativity and experience Ms.
Randi Swatt, IAI's President, and her staff bring to the marketplace on behalf
of their clients. IAI is an experienced Internet Marketing and Web Site
Development firm specializing in the development, marketing, and hosting of
Web sites, as well as the training of Web developers. IAI owns and maintains
five Internet Servers, on location, with direct redundant T-1 connections to
the Internet."
Mr. Tolley said, "IAI's penetration into the Latin American marketplace
has already been significant and IAI is strategically planning to push further
into Latin America, an area of the world where there is larger potential for
Internet development, than Europe. IAI intends to utilize their South Florida
location gateway, as a technical base in securing their proportionate market
share of, reportedly, 'millions' of potential web development clients."
Safe Technologies International, Inc., based in Palm Beach, Florida, is a
multi-faceted company with multiple areas of growth concentrations: internet,
technology, and health care/wellness.
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 unproven market for SFAD's
products and services, the availability of suitable financial resources, the
availability of management, 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.
SOURCE Safe Technologies International, Inc.
CO: Safe Technologies International, Inc.; Oracle Corporation;
Internet Associates International, Inc.
ST: Florida
IN: CPR MLM
SU: CON
03/11/99 11:41 EST prnewswire.co
|
