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Microcap & Penny Stocks : SLEL- the next hot chinese internet play.... -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (181)	10/29/1999 9:11:00 PM
From: Jim Bishop	Respond to of 235

"A reverse split, previously approved at the May 22, 1999 shareholders' and board of directors' meetings" Does anyone remember seeing any mention of this in the news releases or the filings??? I just reread the 8k's and don't see it. And here's the news release concerning the May 22 meeting. Guess I missed that part somehow. ----------------- May 26, 1999 (Sarasota, Florida). Today, Salient Cybertech, Inc., formerly Sloan Electronics, Inc., (OTCBB:SLEL) announced the results of its annual meeting, which was held on May 22, 1999. In addition to the name change, all previously announced resolutions that were forwarded to shareholders of record were adopted at the annual meeting. The shareholders also approved a resolution that will permit the board of directors to take all action necessary to undertake an investment banking relationship. The company also announced that it has signed a confidential non-binding letter of intent to acquire a regional Internet Service Provider in the Northeast. "The acquisition of an ISP will enhance Salient Cybertech's strategy of providing Internet related services, and will provide a profit center as well as a platform for growth in the e commerce sector," said Larry Provost, Chairman. "Our goal is to position Salient Cybertech to capitalize on the four pillars of the Internet paradigm - Commerce, Content, Infrastructure and Technology," said Paul Sloan, President. "We are continuing our discussions with several acquisition targets and will make further announcements when deals are signed." Any questions should be addressed to Paul Sloan, Salient Cybertech, Inc. at Investor Relations (954) 570-5160. Forward Looking Statements : This news release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new "safe harbor" for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the Company's expectations for growth, estimates of future revenues, expenses, profits, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the Company's product categories and for the industries in which the Company operates, or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements.