SCOTTSDALE, Ariz., Feb. 7, 2011 /PRNewswire/ -- SAFE
COMMUNICATIONS, INC, (Pink Sheets: SGTB) announced today
that the company has signed a nonbinding agreement in principle
with Northsight Capital, Inc.(OTC Bulletin Board: NCAP), under
which NCAP would acquire the company's newly formed corporate
security division, NCAP Security Systems, Inc. In the
proposed deal, Safe would retain an approximate 95% equity interest
in NCAP, post acquisition. The company plans to spin a major
part of NCAP off to shareholders of Safe as of a future record
date, on a one for two basis. (One share of NCAP for each two
shares of Safe owned on the record date). Completion of the
proposed transaction is subject to, customary conditions, including
satisfactory completion of due diligence and board approval.
The new division, which uses the "MaskMail" anonymous reporting
technology (www.MaskMail.com), will be 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, Inc.
Safe Communications, Inc. provides open and secure family
communications that are in step with today's advances in the 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 and friends. Early
detection devices warn parents of potential abuse and inappropriate
content allowing secure, open exchange with loved ones and
friends.
We allow users to experience the marvel of advanced technology
without fear or danger.
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.
Contact: www.SafeCommunications.com
SOURCE Safe Communications, Inc.