-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FB1JkFRke972QYk25XyyFgQ4tHiBofNThxJyb9K5JqzXZO3oO56j81cTyxrnzEXS ZsKkiGbUwIoivPf2CCM/gA== 0001116502-02-000449.txt : 20020416 0001116502-02-000449.hdr.sgml : 20020416 ACCESSION NUMBER: 0001116502-02-000449 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020327 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAFE TECHNOLOGIES INTERNATIONAL INC CENTRAL INDEX KEY: 0000829117 STANDARD INDUSTRIAL CLASSIFICATION: SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842] IRS NUMBER: 222824492 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17746 FILM NUMBER: 02606778 BUSINESS ADDRESS: STREET 1: 2875 SOUTH OCEAN BLVD STREET 2: SUITE 211 CITY: PALM BEACH STATE: FL ZIP: 33444 BUSINESS PHONE: 5618322700 MAIL ADDRESS: STREET 1: 2875 SOUTH OCEAN BLVD STREET 2: SUITE 211 CITY: PALM BEACH STATE: FL ZIP: 33444 FORMER COMPANY: FORMER CONFORMED NAME: SAFE AID PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 safetech-8k.txt CURRENT EVENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHING, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 March 27, 2002 -------------- Date of Report (Date of earliest event reported) SAFE TECHNOLOGIES INTERNATIONAL INC. -------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 000-17746 22-2824492 - ----------------------------- --------------- -------------------- (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation or organization) Number) Identification Number) 2875 SOUTH OCEAN BLVD., SUITE 211 PALM BEACH, FLORIDA 33480 -------------------------------------- (Address of principal executive offices) 561-832-2700 ---------------- Registrant's telephone number, including area code. Item 2. Acquisition or Disposition of Assets See Exhibit 99.1 Item 7. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. Not applicable. (b) Pro forma Financial Information. Not applicable. (c) Exhibits. 99.1 Press Release SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Safe Technologies International, Inc. By: /s/ Michael J. Posner ---------------------------------- Michael J. Posner, President Date: April 8, 2002 --------------------------------- EX-99.1 3 ex99-1.txt PRESS RELEASE DATED APRIL 8, 2002 SAFE TECHNOLOGIES CLOSES PRO CON MERGER DEAL PALM BEACH, Fla., April 8, 2002 /PRNewswire/ -- Safe Technologies International, Inc. (OTC Bulletin Board: SFAD - news) issued a statement today. Michael J Posner, President, announced that the merger of Pro Con Systems, ApS of Copenahgen, Denmark into Internet Commerce, Inc., previously a wholly owned subsidiary of SFAD, was completed on March 27, 2002. Pursuant to the merger agreement, Internet Commerce, Inc., changed its name to Pro Con Systems, Inc., appointed the management team of Pro Con Systems ApS as the officers and directors of Pro Con Systems, Inc., and issued 92,000,000 shares of its common stock to the former shareholders of Pro Con Systems, ApS, representing a 92% ownership interest in the merged company. Pro Con Systems is in process of preparing a Registration Statement and the related filings in order to establish a public trading market for Pro Con Systems common stock. SFAD has agreed to allocate and distribute 4,000,000 shares of Pro Con Systems common stock to its shareholders, on a pro rata basis. Pro Con Systems is a leading supplier of travel industry management software whose e-commerce, mid and back office solutions, and neutral ticketing support the travel and related industries. "The vision of Pro Con Systems is to become the world leader in the IT related systems and services to the global travel industry" said Mr. Posner. "The globalization of Pro Con's market is intended to occur primarily through the acquisition of companies that have established market positions outside Pro Con Systems ApS existing markets. Currently, negotiations are underway for acquisitions of two key markets" In the wake of the loss of air travel revenues for travel industry related companies, Rene Moller and other former senior management of Pro Con A/S reorganized with the formation of a new entity, Pro Con Systems ApS. The reorganization enabled implementation of Pro Con Systems business plan with less debt load and substantially reduced overhead. Pro Con Systems ApS currently consists of Pro Con's former senior management, the customer base of select European airlines accounts and travel agencies, and the Pro TAS product offerings. The Pro Con annual revenues for Y2002 are currently projected to be $8,000,000 US. "SFAD Management has synergy with the senior management team of Pro Con Systems and belief in their expertise and abilities," said Mr. Posner. "We support them in their efforts to achieve their goal of global expansion, and are pleased that SFAD shareholders will be able to share in the success of Pro Con Systems." FORWARD LOOKING STATEMENTS: This news release may contain forward looking statements pursuant to the provisions of the Private Securities Litigation Reform Act of 1995, as amended, that may involve risks and uncertainties. These and other risks are described from time to time in the SEC reports filed by Safe Technologies International, Inc. SOURCE: Safe Technologies International, Inc. CONTACT: Investor Relations TEL: 561-832-2700 EMAIL: investor.relations@safetechnologies.com HTTP://www.safetechnologies.com -----END PRIVACY-ENHANCED MESSAGE-----