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To: Jeffrey L. Henken who wrote (1798)	5/4/1999 11:30:00 AM
From: Jeffrey L. Henken	Respond to of 2662

Sloan Electronics Follow Up to Previously Announced Business Activity SARASOTA, Fla.--(BUSINESS WIRE)--May 4, 1999--Sloan Electronics, Inc. (OTC BB:SLEL - news) released a follow up to previous press releases to advise the public on the status of its business. Sloan is presently working towards the completion of its previously announced acquisitions, however, no closings have taken place as of this date. The company is also in the process of hiring an Internet consultant with ties to multiple on line educational companies and is continuing preliminary discussions with potential acquisition targets in this growing market. The company hopes to move forward in the on line educational business as the company sees the distance learning market as one of the few areas of the Internet with profit potential. In addition to the Internet, the company is also focusing on the electronics aspect of its business and is presently negotiating with two potential acquisitions. ''I believe that we are on the right track to become profitable, however, we must take our time in closing any transaction that we are working on so that the transaction will have the greatest opportunity for shareholder value and be at the right price,'' 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. Contact: Sloan Investor Relations Alon Kutai, 401/846-5212 E-mail: itham@aol.com biz.yahoo.com