BOCA RATON, Fla., June 29, 2010 (GLOBE NEWSWIRE) -- Safe Technologies International, Inc. (OTCBB:SFAZ), a technology solutions company, has re-tooled their business model, retired over $2.4M in debt, and attracted a seasoned management team to target the exploding technology trend toward cloud computing and Software as a Service (SaaS).
Industry analysts predict that 40% of businesses will use cloud computing within the next 5 years and SaaS will grow to over $16B by 2013! This global model shift toward virtual servers and software represents one of the largest economic opportunities of the century.
SFAZ targets Small to Medium-Sized Businesses (SMBs) with proprietary services that offer one low, fixed-cost price for IT support, live data backup and disaster recovery. Compared to the high cost and unpredictable service levels provided by local support companies, SFAZ has solidly taken aim at the most lucrative segment of the US business.
Typically, software companies take years coming to market; SFAZ is already generating revenues from the new services. Q1 '10 sales were up more than 45% over the previous quarter.
About Safe Technologies International, Inc.
Safe Technologies International, Inc. is a technology solutions company that specializes in providing managed IT services including mission-critical data hosting, disaster recovery and Total Office solutions that are provided on an outsourced, rapidly-deployed, fixed-cost basis to small and medium sized businesses. Our Strategic Data Support ("SDS") brand provides customizable solutions that create significant cost efficiencies, dependable network functionality and complete redundancy through our world-class disaster recovery facilities. Our unwavering Company focus on reliable, scalable and affordable services provides a proven, clear value. SDS is driven to earn client trust by providing superior service embodied in a total commitment to relentless support and uncompromising standards, to differentiate us from our competitors and enable us to gain market share in today's constrained spending environment. SDS's goal is to help organizations define and execute technology solutions to deliver a simpler, more cost effective solution to meet their unique IT needs. We possess a broad range of skills that equip us to deliver not just any solution, but the right solution. From great ideas to getting things done, SDS helps companies get where they are going.
Forward Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Safe Technologies International, Inc. could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning expected development, performance or market acceptance associated with our products and services or acceptance or use of our products and services; anticipated operational and financial benefits from our products and services or from further use and development of our products and services; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that benefits from our products and services may not materialize, due to a number of reasons including (i) a failure of the products to attain adequate reliability, quality or compatibility, (ii) changes in technology which adversely affect the benefit of the products, (iii) general economy or technology industry downturns, and (iv) internal strategy decisions that negatively impact the progression or development of the products. Except as required by law, Safe Technologies International, Inc. assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.