Safetek 'SFIN' Applies to Be Listed on OTC Bulletin Board


NEW YORK, June 30, 2005 (PRIMEZONE) -- Safetek International, Inc. (Pink Sheets:SFIN) announced today that a Form 211 application has been filed with the NASD on the Company's behalf for the listing of its common stock on the "Over-The-Counter Bulletin Board" (OTC BB).

The Company's management strongly believes that being listed on the OTC BB, while providing liquidity to its current shareholders, will enhance its ability in attracting additional investors and market makers to the Company's stock, which will be more beneficial overall to the Company's valuation and future business prospects.

About Safetek

Safetek Inc. focuses on discovery and development of new therapeutic compounds and diagnostic technologies through in house development teams and sublicense research facilities. Safetek has also established an Israeli subsidiary to identify and further develop innovative technologies available in that region. Safetek plans to leverage these technologies to create an integrated therapeutic life science company.



            

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