To: Popiye who wrote (1301 ) 2/23/2000 7:32:00 PM From: Laura E. Respond to of 1322
Safe Technologies Issues Management Report To Shareholders Thu Feb 10 17:16:00 EST 2000 PALM BEACH, Fla., Feb 10, 2000 /PRNewswire via COMTEX/ -- Safe Technologies International, Inc., (OTC Bulletin Board: 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, filing, 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 filing 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." 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. SOURCE Safe Technologies International, Inc. (C) 2000 PR Newswire. All rights reserved.