NEW YORK, May 18 /PRNewswire-FirstCall/ -- Safetek
International, Inc. (Pink Sheets: SFIN) today announced the
completion of an internal accounting review of the Company's common
stock issuance and provided guidance on the availability of the
company's common stock for trading.
Following the completion by the Company of an internal
accounting review of its issued and outstanding common stock, the
Company is pleased to report that as of May
18, 2010, out of a total of 12,456,999 issued and
outstanding common stock, a float of 4,296,942 issued and
outstanding common stock will be made available for trading.
The President of Safetek International, Inc., Shmuel Shneibalg, commented that "this now
allows Safetek to move forward with its ambitious restructuring and
growth plans. Over the next several weeks the Company will be
making available updated financials and a statement of intent for
the future development of the business."
About Safetek International, Inc.
Safetek International, Inc. is a holding company formed to
identify, develop and manage business projects that show
significant growth potential, including new green technologies and
other ECO-Friendly sectors. The Company is undergoing a
restructuring and refinancing in 2010 to take advantage of
innovation and their application to 'green' initiatives.
Forward-Looking Statements
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
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Investor Relations Contact:
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Wyndam Media Group
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www.wyndamgroup.com
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info@wyndamgroup.com
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954-513-7911
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SOURCE Safetek International, Inc.