SFAD NEWS: Wednesday March 31, 10:53 am Eastern Time
Company Press Release
SOURCE: Safe Technologies International, Inc.
Safe Technologies International, Inc. Confirms Float Is
100,000,000 Shares
PALM BEACH, Fla., March 31 /PRNewswire/ -- Safe Technologies International, Inc., (OTC Bulletin Board: SFAD - news) reported today,
that the current number of shares available for trading, at this time, is 100,000,000 shares. Many shareholders are confusing the ''float'' with the
number of SFAD's issued shares, (including 144 Restricted shares), totaling 712,489,700 at December 31, 1998.
Brad Tolley, Vice President of SFAD investor relations said, ''We do not expect the float to increase dramatically in 1999, due to Lock Up
Agreements which SFAD's management and major shareholders have entered into. SFAD shareholders should also note that a large
percentage (75%) of the SFAD issued stock is 144 restricted stock which is owned by two shareholders. This means that the float should not
be significantly increased in the short and medium term.''
Management will keep shareholders apprised as to significant increases of SFAD's Float.
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, 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. |
