UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-QSB/A AMENDMENT NO. 1 (Mark one) XX QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES - ---------- EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2004 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT - ---------- OF 1934 For the transition period from ____________ to ___________ Commission File Number: 33-22175 SAFETEK INTERNATIONAL, INC. (Exact name of small business issuer as specified in its charter) Delaware 75-2226896 ------------------------ ------------------------ (State of incorporation) (IRS Employer ID Number) 5509 11th Avenue, Brooklyn, NY 11219 (Address of principal executive offices) 718-436-8246 (Issuer's telephone number) (Former name, former address and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES |_| NO |X| State the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date: June 30, 2004 - 499,472,707 shares Transitional Small Business Disclosure Format (check one): YES |_| NO |X| Part II Other Information ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. Item 12 to the Company's 10-QSB for the quarter ended June 30, 2004, filed on July 30, 2004, has been amended in its entirety to read as follows: In May 2004, the Company issued 117,000,000 shares of Common Stock. 100,000,000 shares were issued to Samuel Shneibalg, the Chief Executive Officer, Chairman, Secretary and Director of the Company, and 17,000,000 shares were issued to Frontline Capital. The shares were issued to Mr. Shneibalg as payment for loans made to the Company n the aggregate amount of $43,000. The shares were issued to Frontline Capital in payment of fees for consulting services rendered to the Company.