-----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, S8n27QzPdCRUWXPSSezuCyxdw7QvNRglqOdEjbIW3WuqaJPEcURFvqGhrC+GE31o c+LO//QHBX0bWyeXaZFUdA== 0001116502-02-001834.txt : 20021121 0001116502-02-001834.hdr.sgml : 20021121 20021121125128 ACCESSION NUMBER: 0001116502-02-001834 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021119 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021121 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: 02835791 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 safetech8k.txt CURRENT REPORT SAFE TECHNOLOGIES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SETION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 November 19, 2002 ----------------- Date of Report (Date of earliestevent reported) SAFE TECHNOLOGIES INTERNATIONAL INC. (Formerly Safe Aid Products Incorporated) ------------------------------------------------------------------------------ (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 BEAH, FLORIDA 33480 ---------------------------------------- (Address of principal executive offices) 561-832-2700 ------------ Registrant's telephone number, including area code. Item 5. Other Events and Regulation FD Disclosure. See Exhibit 99.1 Item 7. Financial Statements and Exhibits (a) Financial Statements Not Applicable (b) Exhibits 99.1 Press Release dated November 19, 2002 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: 11/19/02 ------------------------------- EX-99.1 3 pressrelease.txt PRESS RELEASE DATED NOVEMBER 19, 2002 Exhibit 99.1 SAFE TECHNOLOGIES DEVELOPING STRATEGY FOR EARNINGS PER SHARE PALM BEACH, Fla., November 19, 2002 - Safe Technologies International, Inc. (OTC Bulletin Board: SFAD- news) issued a statement today. Michael J Posner, President, said, "Management would like to report to shareholders that phase one of Management's Y2002 - Y2003 Business Plan, developed to capitalize the Company and to increase Shareholder Value, is happening. SFAD, holding an eight (8%) percent equity position in Agenesis Corporation, agreed to distribute one-half of its shares directly to shareholders, so that SFAD shareholders would thereupon have an opportunity for shares in Agenesis as well as SFAD. Agenesis Corporation filed its Registration Statement with the SEC on November 14, 2002. The Prospectus relates to the distribution of shares by SFAD to its shareholders. Twenty Million shares of common stock of Agenesis Corporation will be distributed to holders of record of SFAD common stock and SFAD will continue to own Twenty Million shares of Agenesis after distribution. At the time the distribution is completed, Agenesis will be a separate, publicly owned company. Additionally, SFAD's Agreement with Agenesis calls for further payment of $100,000 to SFAD Corporate." Mr. Posner, continued, "We have high hopes for Agenesis Corporation's continued and long term success. Their management and directors are extremely experienced in all vital business aspects, a requirement in today's market place. Warren Gilbert, Agenesis President, is a seasoned professional, as well as Chairman and President of Gilder Funding Corp., a venture capital firm. Juacane Reynolds, Director of Human Resources, was formerly the Director of Sales and Marketing for RJ Reynolds Nabisco. Management believes that this transaction enables a giant step forward for SFAD - - in capitalizing the Company, providing ongoing income for the Company through the sale of Agenesis stock, adding significant Asset Valuation to the Company's Balance Sheet, while contributing to increasing Shareholder value. These factors empower a growing platform for the Company's plan of future acquisitions and other growth opportunities." 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@safetechnologies.com TEL: 561-832-2700 WEB: www.safetechnologies.com -----END PRIVACY-ENHANCED MESSAGE-----