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Safe Idea and American Cybersystems get in on paper

June 20, 2001

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LAS VEGAS - Safe Idea Inc. (Pink Sheets:SAII) has completed its formal agreement to purchase American Cybersystems Inc. of Boca Raton, Fla.

Safe Idea announced in March that both companies had signed a letter of intent for the acquisition.

American Cybersystems specializes in Cybersurfer public Internet multimedia kiosks. Its subsidiary MallNetUSA plans to place MallNetUSA kiosks in resorts, hotels and shopping malls across the U.S.

Safe Idea will issue 9 million shares for all of the assets and contracts held by American Cybersystems.