B: /C O R R E C T I O N -- Safe Technologies International, Inc./ In FLTU029,
"Safe Technologies (OTC Bulletin Board: SFAD) Issues a Management Report to
Shareholders," moved Tuesday, April 18, we are advised by the company that
there are numerous changes to the release. The corrected text of the release
follows: Safe Technologies Issues an Addition to Management Report to
Shareholders
PALM BEACH, Fla., Apr 19, 2000 /PRNewswire via COMTEX/ -- Safe Technologies
International, Inc., (OTC: Bulletin Board: SFAD) issued a statement, today.
Brad Tolley, V.P. of Investor Relations, said, "We know that our Shareholders
are wanting information, but, it has not been possible, to reply one on one.
Thus, we are reporting, to Shareholders, simultaneously, regarding their recent,
two, most frequently asked questions.
"As to Shareholders questions regarding SFAD stock price, Management understands
the importance of the stock price, but a Company does not control the stock's
movement. Currently, we are caught in the gyrations of a volatile market, along
with other public companies. We are not happy about this condition; we have to
manage expectations of acquisition candidates, investors, marketing partners,
employees, etc., with a changing value of the Company from day to day.
"As to Shareholders wanting information, regarding the February 10th PR
Release's comment about 'planned growth,' Management is unable to provide any
definitive information, at this time. We had expected to be able to conclude
negotiations much faster. However, with that said, negotiations are ongoing."
Mr. Tolley concluded by saying, "What Management is doing, concurrently, is
concentrating on building the Company. Shareholders will have reviewed the
recent 10KSB filing, and will see that Revenues for 1999 were increased by 98%
over 1998. Cash losses were minimal for 1999; the Company's debt is very
insignificant, due to a principal shareholder's private funding and our wholly
owned Subsidiaries' tight control of their expenses. We are very positive and
feel that SFAD is prime for growth and increased Shareholder value over the long
term."
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, 1999.
SOURCE Safe Technologies, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Brad Tolley, Vice President of Investor Relations of
Safe Technologies International, 561-832-2700, or e-mail,
investor.relations@safetechnologies.com
KEYWORD: Florida
INDUSTRY KEYWORD: CPR
SUBJECT CODE: OTC
URL: safetechnologies.com
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