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

To: Joe Copia who wrote (1)	4/20/1999 8:52:00 AM
From: Mr Metals	Respond to of 235

SLOAN ELECTRONICS ANNOUNCES RTI GLOBAL, INC. ACQUISITION TARGET James Marquis to Join Board; Barrington University Online Deal with a Province of China. SARASOTA, Fla., March 24 /PRNewswire/ -- Sloan Electronics, Inc. (OTC Bulletin Board: SLEL) announced three news items regarding its business. First, the Company has undertaken to acquire RTI Global, Inc. RTI provides electronic publishing solutions that improve the productivity of commercial printers and publishers. They presently generate over $1.75 million annual revenues with substantial profits. "RTI will assist the vertical integration of Sloan's electronics business and adds management familiar with operating a successful electronics concern," said Larry Provost, Chairman of Sloan. "Closing any of the transactions we are working on will substantially increase the revenues and profits of Sloan." Sloan also announced that James Marquis has agreed to become a board member. He is Vice President and Director of Kimchuk, Inc., a privately held company that operates a 100,000 square foot electronics manufacturing facility in Connecticut and grosses $20 million annually. "Adding high powered management to our company will allow us to gain increased exposure and credibility for our goal of rapid acquisitions," said Paul Sloan, President. Finally, regarding Sloan's internet business, Barrington University, part of Sloan's previously announced acquisition of IEG Holdings, reports a promising transaction with China estimated to add as much as nine hundred thousand dollars in annual revenues. Barrington executed an agreement to be the exclusive online distance learning school for China's Hubei Province, which has a population of nearly seventy seven million. Barrington believes that it is the only internet company to have such an exclusive governmental arrangement. In addition, the Hubei University has approved Barrington University to provide online courses in both English and Chinese. 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. SOURCE Sloan Electronics, Inc. MM

To: Joe Copia who wrote (1)	4/20/1999 8:56:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 235

SLOAN ELECTRONICS ANNOUNCES INTERNET BUSINESS EXPANSION AND Brooks of Nasdaq Traded Response USA Agrees to Become a Board Member SARASOTA, Fla., March 17 /PRNewswire/ -- Sloan Electronics, Inc. (OTC Bulletin Board: SLEL) announced that it has agreed to acquire IEG Holdings, Inc. IEG controls Barrington University, an online university providing curricula in several languages over the internet. Approximately one thousand students are currently registered to receive Barrington University online degrees including Master's in Business Administration. The acquisition is expected to add nearly two million dollars in revenue and earnings of between three to five cents per share to Sloan. (See Barrington atwww.Barrington.edu.) As previously announced, Sloan's new internet division will focus on online educational services. Sloan anticipates changing its name at the May annual meeting to more accurately reflect the internet/technology portions of its business. "We believe cyberlearning will be one of the internet's most profitable sectors. Recently, there have been several successful internet education related IPO's as well as announcements in the Wall Street Journal regarding well-known entrepreneurs entering this market. By aggressively lining up acquisitions anticipated to add approximately $10 million in revenues to Sloan, we will be poised to take a successful run at this industry," said Larry Provost, Chairman of Sloan Electronics. Mr. Provost also notes that "in January of this year BT Alex Brown's research release indicated that the distance learning market is expected to reach $150 billion annually. Therefore, making ourselves well known in this industry while it is still in its infancy should help us succeed." In addition, the Company announced that Richard Brooks, presently Chairman and President of Response USA (Nasdaq: RSPN), has agreed to become a new board member of Sloan. "Richard will be a critical addition to our Board. His background as an attorney and CEO of a Nasdaq traded company should assist us in our goal of rapid growth. Richard's own company has done a number of acquisitions and we will be able to draw on his experience to assist us in what we hope will be a rather dramatic acquisition pace. In addition, Richard is well connected in the investment banking community and that should be an asset to us as we grow," said Paul Sloan, President. 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. MM SOURCE Sloan Electronics, Inc.