ARYN..very nice :)
SFAD.. fully reporting...looks like it's hitting bottom..they're expecting news any day now...rumor of aquisitions and possible merger..we'll see..
SAFE TECHNOLOGIES INTERNATIONAL INCORPORATED
By: /s/ Barbara Tolley
------------------------------
Barbara Tolley, CEO & Chairman
Dated: February 10, 2000
[logo]
EXHIBIT 99.1
SAFE TECHNOLOGIES ISSUES
MANAGEMENT REPORT TO SHAREHOLDERS
PALM BEACH, Fl., February 10, 2000 - Safe Technologies
International, Inc., (SFAD) issued a report statement
today.
Brad Tolley, V.P. of Investor Relations, said,
"Management is currently devoting a preponderance of
their time to the tasks relating to end of the year
reports, filling, etc. SFAD, being, a fully SEC
reporting company since 1986, and having moved from a
Development Stage Company to an Operating Company in
1998, with, now, three wholly owned subsidiaries, is
currently undergoing financial audits of each entity,
in preparation for the filling of SFAD's Consolidated
Financials, the annual 10KSB, due on or before
March 31, 2000.
Mr. Tolley concluded by saying, "Additionally,
Management has been, and continues to be in serious
discussion with several entities relating to planned
growth for the Company, designed to increase Shareholder
value. We would hope to substantially conclude
negotiations within 30 days."
SOURCE: Safe Technologies International, Inc.,(SFAD)
CONTACT: Brad Tolley VP Investor Relations
TEL: 561-832-2700
EMAIL: investor.relations@safetechnologies.com
HTTP:// www.safetechnologies.com
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 September 30, 1999.
--------------------------------------------------------------------------------
EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commision (SEC). EDGAR ONLINE is a product of EDGAR Online, Inc. and is neither approved by, nor affiliated with the SEC.
EDGAR Online, Inc. makes no claims concerning the validity of the information provided by EDGAR ONLINE and will not be held liable for any use of this information. The information ("Information") provided herein may be displayed and printed for your personal, non-commercial use only. You may not reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the Information to anyone, without the express written consent of EDGAR Online, Inc.
© Copyright 1995-1999 EDGAR Online, Inc. All rights reserved
|
