SCOTTSDALE, Ariz., June 2, 2011 /PRNewswire/ -- SAFE
COMMUNICATIONS, INC., (Pink Sheets: SGTB) ("Safe") announced
today that the company has completed its acquisition of Northsight
Capital, Inc., a fully reporting OTCBB shell company ("NCAP") (OTC
Bulletin Board: NCAP). John P. Venners, President of Safe,
was appointed interim President and a director of NCAP.
Safe currently intends to cause NCAP to complete a reverse
merger with SAFE's newly formed corporate security division, NCAP
Security Systems, Inc. Once this transaction is consummated,
as presently planned, Safe would retain an approximate 88%
equity interest in NCAP, post merger. Under this plan, Safe would
spin off of a major part of the post merger NCAP to shareholders of
Safe as of a future record date (one share of NCAP for every two
shares of Safe). Completion of any transaction involving NCAP would
be subject to customary conditions, including board approvals.
The new division, which uses the "MaskMail" anonymous reporting
technology (www.MaskMail.com), headed up by international
security expert, Chuck Vance. Mr.
Vance is also on Safe Communications' Child Cyber Safety Advisory
Board. It is contemplated that that new "MaskMail" website will be
launched in the very near future.
MaskMail will employ the company's anonymous reporting system to
enable its customers to receive anonymous reports of theft and
other wrongdoing. A recent National Retail Security Survey showed
total retail losses cost businesses $33.5
billion last year. According to the survey, the largest
percentage of retail shrinkage last year was due to employee theft,
at $14.4 billion, accounting for 43
percent of total losses. In its 2010 Report to the Nations, the
Association of Certified Fraud Examiners (ACFE) said that corporate
fraud cost the global economy more than $2.9
trillion in 2009. ACFE surveyed fraud examiners in 106
countries examining 1,843 cases of fraud to reach its
conclusions.
EMPLOYEE THEFT A GROWING PROBLEM:
The FBI calls employee theft "the fastest growing crime in
America!"
The U.S. Chamber of Commerce estimates that 75% of employees
steal from the workplace and that most do so repeatedly.
One third of all U.S. corporate bankruptcies are directly caused
by employee theft.
The American Society of Employers estimates that 20% of every
dollar earned by a U.S. company is lost to employee theft.
The anonymous reporting system allows subscribers to set up
anonymous emails for their employees and for customers to report
wrongdoing at the workplace or bad service at their stores. Using
its anonymous email capability, considered an advanced anonymous
reporting technology, the system gives business owners the ability
to set up an email template, address it to themselves or other
management personnel, and allow workers to send that email to the
management anonymously. The new division's SMS (Short Message
Service) system and its anonymous chat rooms afford law enforcement
agencies the capability to correspond back and forth with citizens
willing to pass on information as long as they are guaranteed
anonymity. The anonymous chat rooms allow persons to sign in to a
chat with law enforcement or corporate representatives, while
remaining completely anonymous.
About Safe Communications:
Safe Communications, Inc. provides open and secure family
communications that are in step with today's advances in social
media. While protecting our most precious asset, our children, our
systems are designed to enhance the quality and frequency of
day-to-day communications among family members. We allow users to
experience the marvel of advanced technology without fear or
danger.
Safe Communications' products, led by MouseMail.com, are
designed for the modern family on the go. Early detection devices
warn parents of potential abuse and inappropriate content, allowing
secure, open exchange with loved ones and friends. Just as your
child is not allowed to enjoy a ride in the car without a seat
belt, Safe Communications designs products so that your children
can enjoy the electronic ride without being exposed to potential
harm or abuse. For more information, contact:
info@safecommunications.com or visit us online at
www.mousemail.com.
Cautionary Statement regarding Forward Looking
Statements
Except for any historical information, the matters discussed in
this press release contain 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. Forward looking
statements include statements (i) containing a projection of
revenues, income (including income loss), earnings (including
earnings loss) per share, capital expenditures, dividends, capital
structure, or other financial items and (ii) concerning the plans
and objectives of management for future operations, including plans
or objectives relating to transactions and the products or services
of the Company. These forward-looking statements involve
risks and uncertainties. A number of factors could cause actual
results to differ from those indicated in the forward-looking
statements, including but not limited to the following factors: the
Company or NCAP's ability to secure regulatory clearance for the
transaction structure ultimately approved by its board of
directors, the Company's ability secure a substantial number of
registrants for its MouseMail.com website, the successful launch of
the Company's MaskMail.com website, the Company's ability to
generate cash flow from its operations, and the Company's ability
to secure sufficient funding to continue its operations and effect
the intended transactions involving NCAP. Such forward looking
statements are subject to a number of assumptions, risks and
uncertainties. Readers are cautioned that such statements are not
guarantees of future performance and those actual results or
developments may differ materially from those set forth in the
forward-looking statements. The company undertakes no obligation to
publicly update or revise forward-looking statements, whether as a
result of new information or otherwise.
SOURCE Safe Communications, Inc.