UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                              FORM 10-QSB
[x]           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
              THE SECURITIES EXCHANGE ACT OF 1934
              For the quarter ended  - June 30, 2001
                                        OR
[ ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
              SECURITIES EXCHANGE ACT OF 1934
              For the transition period from   to

                       Commission File Number 0-28772
                          Salient Cybertech, Inc.
               (Name of Small Business Issuer in its charter)

                Delaware                                35-1990559
    (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)              Identification Number)

    1999 Lincoln Drive, Suite 202, Sarasota, Florida           34236
     (Address of principal executive offices)                (Zip Code)

     Registrant's telephone number, including area code:(941) 953-6168


                ______________________________
 (Former name, former address and former fiscal year if changed since
last report).

     Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the securities
Exchange Act of 1934 during the preceding 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 [x] NO [ ]

There were 11,355,257 shares of common stock outstanding having a par
value of $0.001 per share as of June 30, 2001. There were 19 shares of
preferred stock, having no par value, issued and outstanding as of
June 30, 2001.


                   Documents Incorporated by Reference

Certain exhibits listed in Item 6 of Part II have been incorporated by
reference.  An index to exhibits appears with Item 6.


<PAGE>  1


THIS QUARTERLY REPORT CONTAINS STATEMENTS WHICH CONSTITUTE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995. THESE STATEMENTS APPEAR IN A NUMBER OF PLACES IN THIS
QUARTERLY REPORT AND INCLUDE STATEMENTS REGARDING THE INTENT, BELIEF OR
CURRENT EXPECTATIONS OF THE COMPANY, WITH RESPECT TO (I) THE COMPANY'S
PRODUCT DEVELOPMENT AND FINANCING PLANS, (II) TRENDS AFFECTING THE
COMPANY'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS, (III) THE IMPACT OF
COMPETITION AND (IV) THE EXPANSION OF CERTAIN OPERATIONS. ANY SUCH FORWARD-
LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE
RISKS AND UNCERTAINTIES, AND ACTUAL RESULTS MAY DIFFER MATERIALLY FROM
THOSE IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS.


                           Salient Cybertech, Inc.

                                Form 10-QSB
                Quarterly Report, period ended June 30, 2001.

INDEX                                               PAGE

PART I  Financial Information

Item 1. Financial Statements

Accountants' Review Report                           3 (F1)

Consolidated Balance Sheet                           4 (F2)

Consolidated Statements of Operations                6 (F4)

Consolidated Statement of Comprehensive Income       7 (F5)

Consolidated Statement of Changes In
Stockholders' Equity                                 8 (F6)

Consolidated Statements of Cash Flows                9 (F7)


Item 2.

Corporate Information                               11

Management's Discussion and Analysis of
Financial Conditions and Results of Operations      20


Part II.  Other Information                         23


<PAGE>  2


                              Bobbitt, Pittenger & Company, P.A.
                              1605 Main Street, Suite 1010
                              Sarasota, FL 34236
                              Tel-941-366-4450/Fax-941-954-7508

August 14, 2001


TO THE BOARD OF DIRECTORS
Salient Cybertech, Inc.
Sarasota, Florida


                        ACCOUNTANTS' REVIEW REPORT

We have reviewed the accompanying consolidated balance sheets of Salient
Cybertech, Inc., as of June 30, 2001 and December 31, 2000, the
related consolidated statements of changes in stockholders'
equity for the period then ended, and the consolidated statements
of operations for the three month periods ending June 30,
2001 and 2000 and consolidated cashflows for the six-month
periods ended June 30, 2001 and 2000, in accordance with Statements
on Standards for Accounting and Review Services issued by the American
Institute of Certified Public Accountants.

A review consists principally of inquiries of company personnel and
analytical procedures applied to financial data.  It is substantially
less in scope than an audit in accordance with generally accepted
auditing standards, the objective of which is the expression of an
opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that
should be made to the accompanying financial statements in order for
them to be in conformity with generally accepted accountant principals.

Certain conditions indicate that the Company may be unable to continue
as a going concern.  The accompanying financial statements do not
include any adjustments to the financial statements that might be
necessary should the Company be unable to continue as a going concern.

Management has elected to omit substantially all of the disclosures required
by generally accepted accounting principles.  If the omitted disclosures
were included in the financial statements, they might influence the user's
conclusions about the Company's financial position, results of operations,
and cash flows.  Accordingly, these financial statements are not designed
for those who are not informed about such matters.





/s/Bobbitt, Pittenger/s/
Certified Public Accountants


<PAGE>  3 (F1)



                         SALIENT CYBERTECH, INC.

                       CONSOLIDATED BALANCE SHEETS




                                  June 30,       December 31,
                                   2001             2000

ASSETS


Cash                              $              $   588,291
Restricted cash                                       93,537
Accounts receivable, net of
allowance of $8,392 and $54,153
                                    14,673           184,657
Inventory                                          1,001,255
Other receivables - current        760,000
Prepaid legal fees                                    23,438
Prepaid expenses                    16,072            14,846

TOTAL CURRENT ASSETS               790,745         1,906,024

Real estate and equipment - net     49,796         4,511,787
Other receivables - long-term    1,800,000
Goodwill - net                     133,637           188,538
Loan costs - net                                      36,435
Other assets                                           3,107

                                $2,774,178        $6,645,891


See accountants review report.


<PAGE>  4 (F2)


                         SALIENT CYBERTECH, INC.

                       CONSOLIDATED BALANCE SHEETS
                                (Con't)




                                  June 30,       December 31,
                                   2001             2000


LIABILITIES AND STOCKHOLDERS EQUITY

LIABILITIES
Bank overdraft                  $   49,208        $
Current maturities of
long-term debt                      20,760           359,326
Accounts payable                   219,956         1,252,128
Accrued expenses                   596,669           543,625
Accrued interest                   229,622           162,664
Notes payable - related party      360,220           469,284
TOTAL CURRENT LIABILITIES        1,476,435         2,787,027

Long-term debt, less current
maturities                       1,600,015         2,334,460

TOTAL LIABILITIES                3,076,450         5,121,487

STOCKHOLDERS EQUITY
Common stock - authorized
80,000,000 shares; par value
$.001; issued and outstanding,
11,355,257 and 7,424,904
shares at June 30, 2001 and
December 31, 2000, respectively.    11,355             7,425

Preferred Stock - authorized
20 shares; par value $.001;
issued and outstanding, 19
and 20 shares at June 30, 2001
and December 31, 2000,
respectively.  Each share
convertible into 1.5
million shares of common stock.

Additional paid-in capital       6,018,561         5,279,360

Other accumulated income            21,935             6,990

Accumulated deficit             (6,354,123)       (3,769,371)

TOTAL STOCKHOLDERS EQUITY         (302,272)        1,524,404

                                $2,774,178       $ 6,645,891


See accountants review report.


<PAGE>  5 (F3)


                         SALIENT CYBERTECH, INC.

                CONSOLIDATED STATEMENTS OF OPERATIONS





                     Six months  Three months   Six months    Three months
                       ended       ended          ended         ended
                   June 30, 2001 June 30, 2001  June 30, 2000 June 30, 2000

SALES              $ 1,666,121   $      31,902  $ 2,460,997   $ 1,119,238
COST OF SALES        1,668,950           1,582    2,188,543     1,024,749

GROSS PROFIT            (2,829)         30,320      272,454        94,489

General and
administrative       1,907,295         631,445    2,047,758     1,164,944
Interest               109,565          44,680       66,355        49,000

                     2,016,860         676,125    2,114,113     1,213,944

OPERATING LOSS      (2,019,689)       (645,805)  (1,841,659)   (1,119,455)

OTHER INCOME
Gain on sale of
subsidiary           1,661,591
Other income            17,391          17,391        9,088         7,112
Other expenses         (44,045)         (4,760)
Nonrealized loss
on other
receivable          (2,200,000)     (2,100,000)

                      (565,063)     (2,087,369)       9,088         7,112

LOSS BEFORE
INCOME TAXES        (2,584,752)     (2,733,174)  (1,832,571)   (1,112,343)

INCOME TAXES             -               -            -             -

NET LOSS           $(2,584,752)    $(2,733,174) $(1,832,571)  $(1,112,343)

NET LOSS
PER SHARE          $     (.296)    $     (.296) $     (.477)  $     (.254)





See accountants review report.


<PAGE>  6 (F4)


                         SALIENT CYBERTECH, INC.

           CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


                     Six months  Three months   Six months    Three months
                       ended       ended          ended         ended
                   June 30, 2001 June 30, 2001  June 30, 2000 June 30, 2000



NET (LOSS) INCOME  $(2,584,752)    $(2,733,174) $(1,832,571)  $(1,112,343)

Other comprehensive
income
Currency translation
adjustments             14,945          55,781        2,000         1,015

COMPREHENSIVE
(LOSS) INCOME      $(2,569,807)    $(2,677,393) $(1,830,571)  $(1,111,328)






See accountants review report.


<PAGE>  7 (F5)


                         SALIENT CYBERTECH, INC.

             STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY



                        Additional   Accumulated other  Retained
               Common   Paid-in      Comprehensive      Earnings
               Stock    Capital      Income             (deficit)    Total

BALANCE,
January 1,
2000           $  3,164 $  390,806   $   4,005         $  159,844  $  557,819

Common stock
sold              1,235  1,233,765                                  1,235,000

Common stock
issued for
compensation         71    285,085                                    285,156

Common stock
issued for
services          2,863 12,685,241                                 12,688,104

Syndication
costs                  (12,510,943)                               (12,510,943)

Common and
preferred stock
issued for
purchase of
subsidiary           92  3,195,406                                  3,195,498

Gain from
currency
conversion                               2,985                          2,985

Net loss                                               (3,929,215) (3,929,215)

Balance,
December 31,
2000              7,425  5,279,360       6,990         (3,769,371)  1,524,404

Common stock
issued as
compensation      1,500    313,500                                    315,000

Common stock
issued            2,430    425,701                                    428,131

Gain from
currency
conversion                              14,945                         14,945

Net income                                             (2,584,752) (2,584,752)

BALANCE,
June 30,
2001            $11,355 $6,018,561     $21,935        $(6,354,123  $ (302,272)




See accountants' review report.


<PAGE>  8 (F6)



                         SALIENT CYBERTECH, INC.

                  CONSOLIDATED STATEMENTS OF CASH FLOWS




                                                    June 30,
                                               2001          2000

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                  $(2,584,752)  $(1,832,571)
Adjustments to reconcile net
income (loss) to
net cash used in operating
activities:
Depreciation                                  221,256        13,759
Amortization                                   54,901        18,400
Gain on foreign currency                       14,945
Loss on disposal of equipment                 743,131
Stock issued for services
(Decrease) increase in
operating assets:
Accounts receivable - net                     169,984      (182,797)
Inventory                                   1,001,255        34,984
Other receivables                          (2,560,000)
Deferred tax asset                                            2,285
Prepaid expenses                               (1,226)       60,200
Prepaid legal and consulting fees              23,438       414,738
Other assets                                   39,542          (863)
(Decrease) increase in
operating liabilities:
Accounts payable                           (1,032,172)      279,229
Accrued expenses                               53,044       254,443
Accrued interest                               66,958        52,679

NET CASH USED IN OPERATING ACTIVITIES      (3,789,696)     (885,514)

CASH FLOWS USED BY INVESTING ACTIVITIES
Property and equipment
included in sale of subsidiary              4,240,735
Sale of subsidiary - see schedule below         -

NET CASH PROVIDED BY INVESTING ACTIVITIES   4,240,735

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds of loans                             600,015
Proceeds from loans from related parties       49,676        58,374
Repayments from shareholder                   (41,591)       23,854
Repayments of loans                          (119,255)     (259,375)
Debt included in sale of subsidiary        (1,670,920)
Bank overdraft                                 49,208
Proceeds from sale of common stock                        1,000,000

NET CASH (USED) PROVIDED BY
FINANCING ACTIVITIES                       (1,132,867)      822,853




See accountants' review report.


<PAGE>  9 (F7)


                         SALIENT CYBERTECH, INC.

                  CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (con't)



                                                    June 30,
                                               2001          2000



NET (DECREASE) INCREASE IN CASH              (681,828)     (62,661)

CASH, at beginning of period                  681,828      431,598

CASH, at end of period                    $     -       $  368,937

SUPPLEMENTAL DISCLOSURES:
Interest paid                             $    42,608   $   13,676

Schedule of non-cash
investing and financing
transactions:
One share of preferred stock
converted to 1,500,000 common
shares, expensed as
compensation expense                      $   315,000

Issuance of 2,430,353 shares
for services                              $   428,131

Sale of 100% stock in Futronix, Inc.
Assets sold:
Cash                                      $   322,902
Accounts receivable                           185,434
Inventory                                   1,045,420
Property and equipment                      4,240,735
Other assets                                   36,435
                                            5,830,926

Liabilities released:
Payables and accrued expenses               1,021,597
Debt                                        2,995,920

Net assets sold                             1,813,409

Payment for net assets sold:
Cash due                                      800,000
Investments due                             4,000,000
Advances to Futronix                       (1,325,000)
Gain on sale of subsidiary                 (1,661,591)

                                          $ 1,813,409


See accountants review report.


<PAGE> 10 (F8)


Part I.  Item 2. Description of Business and Management's Discussion

Salient Cybertech, Inc. (the "Company") is the new name for Sloan
Electronics, Inc. authorized by the shareholders at the Annual
Shareholders' Meeting on May 22, 1999 and approved by the Board of
Directors on May 22, 1999.  The company, through the Sloan Electronics
division had designed, manufactured and marketed electronic
monitoring equipment for the criminal justice industry and the long-
term health care industry. It had also marketed house arrest monitoring
equipment through its in-house marketing department and distributed its
products through national service providers.  The Company, while
continuing to support existing clients, has ceased to actively engage
in these business endeavors in favor of building its portfolio of
acquisitions and building the businesses of the acquired companies.

Salient Cybertech, Inc. is actively seeking acquisition candidates with
interests in technology, Internet, distance learning, and security
industries. During the third quarter 1999, the Company acquired, for
stock, Gemini Learning Systems, Inc., which will operate as part
of the Internet/technology division of the company.  The company filed
a current Report on Form 8-K on September 28, 1999 and an 8K/A report on
October 29, 1999 that more fully discuss the acquisition, and are
incorporated herein by reference. Gemini Learning Systems developed and
markets SWIFT (TM) (SoftWare Intelligent Freeform Training) distance
learning software and courseware. Ms. Kim Adolphe, founder of Gemini,
continues to run the division as President and was named to the board
of directors.

On Tuesday May 23, 2000, Salient Cybertech, Inc. (the "Company") executed
an agreement whereby it acquired Futronix, Inc. ("Futronix").  The
acquisition was accomplished by the Company forming a Delaware subsidiary,
known as Salient Acquisition Corporation, with that corporation merging
with Futronix.  The surviving Corporation, continues to carry
on business as Futronix, Inc., a wholly owned subsidiary of the Company.
The transaction is more fully described in the Report on Form 8-K, filed
on May 25, 2000, with the Securities and Exchange Commission.

On March 19, 2001, Futronix was sold to Trident Systems International, Inc.
for the sum of $8,000,000. The transaction involved the transfer of 400,000
restricted shares of Trident's common stock and $800,000 in cash to Salient
in exchange for all outstanding shares of Futronix. The terms of the
transaction were fully disclosed in a Report on Form 8-K filed with the
Securities and Exchange Commission on March 21, 2001, and said Report is
incorporated herein by reference.

The former owners of Futronix, Inc. have asserted a claim that the
transaction is void as no transaction involving Futronix may take place
without the approval of the former owners of Futronix, Inc., Rande Newberry
and Nevin Jenkins. Newberry and Jenkins also claim that they have the right
to rescind the original purchase of Futronix by Salient Cybertech, Inc., and
that they have exercised that right.

Salient has commenced action in Florida Circuit Court for a declaratory
Judgment stating that Salient owned Futronix at all material times, and the
sale of Futronix was a valid sale.

Counsel has informed management that Salient should prevail in its action.
This means that the sale to Trident is valid. However, in the unlikely
event that Salient's ownership in affirmed, and the sale is not,
Futronix, for the current quarter, is being treated as an operating
subsidiary of Salient's. The financial impact of the sale, along with
the disclosures of pro-forma information illustrating the performance
of Salient during the current quarter had Futronix not been a subsidiary
of Salient's, will be the subject of a Report on Form 8-K to be filed on
or before June 2, 2001.

Salient Cybertech's revenues are currently primarily from the product
sales of Gemini.



<PAGE>  11


Internet Technology Division

Gemini Learning Systems, Inc. ("Gemini"), organized under the laws of the
Canadian Province of Alberta in June, 1990, has never been a party to any
material reclassification, merger, consolidation, or purchase or sale of
a significant amount of assets not in the ordinary course of its business.
Gemini was purchased by the Company on September 24, 1999.

Gemini is a software applications development company, specializing in
distance education and training solutions.  The company created and
markets software technology called SWIFT (SoftWare Intelligent Freeform
Training).  The Company is emerging from its development phase, having
created an entire product line based on the SWIFT technology.  The company
has already begun to establish clients and a distribution network in
Canada, the United States, the United Kingdom and Europe.

Management's primary objective is for Gemini to become a leader in the
emerging internet/intranet distance education and training industry by
establishing SWIFT as the de facto standard delivery environment.
Management believes that it can obtain this objective through its
strategic alliances and by utilizing its staff of outside consultants,
most of whom are the top professionals in their field (See "Business
Development").

Background Information

Gemini began business in the Canadian City of Alberta in 1990. The
corporate aim was to develop a delivery environment for the emerging
internet/intranet distance education and training industry. The
corporation expended over $3,000,000 in developing its SWIFT technology,
and a distribution network.

Gemini, management believes, is ready to become the industry leader in
the delivery of distance education systems, to be utilized both in an
intra-company setting (intranet) and by students over the internet. The
students may be individuals or complex organizations with diverse
training and educational needs to be delivered worldwide to their various
locations.

Business Development

The development of the SWIFT technology, eight years in the making, is,
management believes, its primary competitive edge in the business world.


<PAGE>  12


Gemini entered the adult learning field in 1990, employing an open systems
concept and a commitment to assist clients in successfully delivering
technical Instructor-led and technology-based training programs. Gemini
wanted to capitalize on their expertise and existing course content by
delivering it through distance education.  That led to the concept behind
the SWIFT technology. Gemini's initial successes soon led to international
recognition of SWIFT. Gemini began a joint research development program
with the Alberta Research Council. In 1995, during the G-7 Summit, it was
announced that Gemini along with their international partners had won an
international competition for government funding for joint development of
a Distance Learning Tool Kit. The following year, Gemini decided
concentrate all of its resources towards an end-to-end eLearning solution
based upon SWIFT.  Thousands of courses were developed in the CDROM version
of SWIFT and sold internationally based upon Gemini's CDROM version.
Today the company offers a end-to-end scaleable eLearning solution, full
ASP hosting service and is a recognized pioneer and leader in the industry.

Current Projects, Clients, and Partners

Nortel Networks, Inc.  (NYSE: NT) is a global supplier of networking
solutions and services, supporting voice, data, and video transmission
over wireline and wireless technologies.  As part of a pilot evaluation,
on December 27, 2000 Nortel began delivering to Nortel employees a
proprietary course Gemini redesigned and converted into SWIFT.  Nortel
has now retained Gemini's consulting services to develop new content and
indicated that they want to continue to move forward with their eLearning
initiatives. Nortel plans to convert the pilot course into eight languages
and roll it out to all employees. Due to Nortel recently announced cutbacks
the e-learning project has been placed on hold, Gemini does not foresee this
pilot program to produce any revenue in the near future.

Dole Food Company, Inc. entered into a pilot project agreement with, to
deliver eLearning to Dole employees.  The Dole/Gemini pilot project
involves the development and evaluation of a 'Dole Core Values' Course,
Upon successful evaluation, this internal Dole eLearning training program
will be rolled out to 15,000 employees across three Dole Asia Divisions.
If successful, this endeavor has the potential to expand into more
courses being offered to Dole employees through Gemini's eLearning
solution.

RAND Worldwide, the a major Value Added Reseller of mechanical design
automation tools and services, have launched their first course in SWIFT
for internal use and to resell to their corporate clients.  Gemini has
signed a multi-year licensing agreement with RAND Worldwide (TSE: RND) to
deliver eLearning solutions to clients.  The contract moves Gemini beyond
its SWIFT technology suite into the role of an eLearning Application
Service Provider (ASP). RAND continues to utilize Gemini's product line
and has recently released several new courses in it's e-learning operation.

JStream Inc., is an innovator of advanced scale delivery for intranet-
based streaming media.  Gemini and jStream have entered into a technology-
focused partnership to integrate SWIFT with jStreams intranet-based
streaming media.

TrainSeek, an online marketplace of training products and services serving
more than 20,000 corporate trainers, market Gemini's unique eLearning
solutions.

Dell Canada, a wholly owned subsidiary of Dell Computer Corporation
(Nasdaq NM: DELL), one of the world's largest direct sales computer
company, has received a proprietary course Gemini has redesigned
and converted into SWIFT for evaluation.  Initial response from Dell's
management has been positive, and Gemini is currently developing an
eLearning Management System for testing and field evaluation.
Gemini has been informed that Dell will purchase and sign a maintenance
agreement with Gemini for delivery of the System to its management if
the test results are positive.

IO Technologies, Gemini has a 15% equity stake and revenue sharing
partnership with IO Technologies, who are backed by a significant list
of distribution partners that include Canon U.S., Heidelberg, and Agfa,
have created an entire series of process-based certification training
programs aimed at core processes in color imaging, printing, digital
workflow and other key areas that are the first of their kind in the
industry.

The partnership with IO has released its first course in June 2001 and
is expected to release Canon's Educational Services Groups' (A division
of Canon USA) Curriculum in the 3rd quarter of 2001.


<PAGE>  13


Gemini's Principal Products and Services
GeMS 5.1 (Gemini eLearning Management System)

GeMS 5.1, the core of Gemini's product suite, provide clients with a
comprehensive package to deliver, sell, manage, track, and continuously
improve adaptive learning over the Internet. GeMS is an advanced Internet
SWIFT course delivery, management, reporting, tracking, and analysis
system that requires no client side installation.

SWIFT Course Delivery

-       Customizable interface
-       Delivered through standard web browsers
-       Embedded SWIFT Adaptive Technology
-       Integrated Internet technologies that enhance learning

Management and Reporting

-       Scalable from one to thousands of courses and learners
-       Integrated with LDAP, NT Domain, and UNIX user authentication
-       Customizable E-commerce solution
-       Local or remote administration
-       Printable certificates upon course mastery

Tracking and Analysis

-       Course analysis through tracking and timing of all learner
interactions, e.g. time spent on a question
-       Student reporting
-       E-commerce reporting
-       Grading and progress reports
-       Content and item analysis, and much more

SWIFT

Based on years of international research and an award-winning design,
SWIFT is at the heart of Gemini's eLearning solution. The key features of
SWIFT are the unique Adaptive Learning Environment and Adaptive Testing
Engine modeled on an individualized intelligent tutoring methodology.
SWIFT uses adaptive testing and learner input to create individualized
course paths, allowing learners to concentrate on content most relevant to
their learning needs. As a result, learners absorb and retain more
information in less time. The Adaptive Testing Engine uses unique
algorithms that analyze learner responses to accurately determine mastery/
non-mastery of the course more efficiently than other testing methods.

SWIFT also provides an intuitive interface featuring:

Intelligent Tutoring
-       Works with SWIFT to generate the learner's adapted course
-       Guides the learner through their adapted course to ensure learning
        objectives are met
-       Continuously adapts the course path as the learner progresses
-       Tracks the learner when they choose to navigate independently
-       Maintains the learner's location to pick up where they left off
-       Records extensive statistical data for research and performance
        analysis
-       Provides explanatory feedback that increases knowledge retention


<PAGE>  14


Course Map
-       Motivates the learner by indicating progress, achievements and
        percentage of course completed
-       Provides graphical representation of their adapted course
-       Allows independent navigation

SWIFT Author 1.0

        SWIFT Author reduces development time by at least 70 percent.
        SWIFT Author provides:
-       XML/DHTML/HTML compatible content,
-       integrated wizards,
-       question builders,
-       seven question types,
-       pluggable interfaces for diverse audiences, and
-       Internationalization capabilities.

The SWIFT Author uses XML (eXtensible Markup Language) for course content
representation.

Gemini's use of XML:

-       Provides an embedded, pedagogically sound course structure that
        supports solid instructional design,
-       Decreases development time by at least 30%,
-       Makes collaborative development easier, more efficient, and
        consistent,
-       Allows course authors to use their favorite tools to create
        content,
-       Supports content interchange,
-       Lets authors leverage their existing XML content into SWIFT
        Authored courses, and
-       Lets authors re-publish SWIFT course content elsewhere.

Target Market
Gemini is targeted at organizations that create their own specialized
training programs and want to evolve into the eLearning industry.

Gemini's Competitive Advantages and Market Strategy

Key Differentiators:

-       R&D in distance education since 1991, Internet-based since 1995,
        and web-based since 1998.

-       Based on years of international research and an award winning
        design, SWIFT is an intelligent tutoring system (ITS) that is
        comprised of an Adaptive Learning Environment and Adaptive
        Testing Engine. SWIFT features extensive testing capabilities
        including adaptive testing, mandatory questions, and fixed-length
        testing for online certification, as well as having the
        ability to set seven different question types, including short
        answer, and feedback specific to learner interaction.

-       SWIFT Author is the only XML-based tool that allows content to be
        easily authored without any training or programming require
        reducing time to market by 70 per cent and more. SWIFT Author also
        provides an efficient method for managing, updating and re-
        purposing existing course content, resulting in leveraged
        investment over time.


<PAGE>  15


-       SWIFT courses can be easily updated and revised in real time.

-       Provides multiple delivery platforms including CDROM using the
        same course.

-       Supports full internationalization capabilities for single and
        double byte character formats.

-       All in-house product development allows for full control of
        features, branding and integration with other systems (including
        ERP or Enterprise LMSs.)

-       Gemini's unique business model should create, management believes,
        a recurring revenue stream as opposed to a onetime upfront fee.
        This strategy reduces the sales cycle significantly and creates
        potentially higher recurring profits with each client.  This model
        also increases the potential market penetration to include mid
        and small organizations.

-       Gemini's eLearning products are upwardly compatible, ensuring that
        clients benefit over time from Gemini's ongoing R&D. This is of
        the utmost significance as the technology is continually
        being improved and enhanced as new technologies and learning
        sciences evolve.  Our clients receive that ongoing benefit
        further enabling Gemini to maintain a very close mutually
        beneficial client relationship.

Licensing And Consulting Fees

The Gemini eLearning solution includes the SWIFT Technology, GeMS 5.1
(Gemini eLearning Management System), and the SWIFT Author 5.0. Gemini's
licensing fees are based on Learner Course Units (LCUs). LCUs reflect the
number of courses taken, regardless of the number of learners. For example,
one learner taking ten courses equals ten LCUs, and five learners taking
two courses each also equal ten LCUs.

Number of LCUs                      Cost per LCU
1 to 5                              Free
6 to 250*                           $20*
251 to 1,000                        $19
1,001 to 2,500                      $18
2,501 to 5,000                      $17
5,001 to 10,000                     $16
10,001 to 20,000                    $15
20,001 to 50,000                    $14
50,001 to 100,000                   $13
100,000 +                           $12

*Minimum License Fee: The minimum License Fee is 250 LCUs or $5,000.
Additional licenses can then be purchased on a per learner basis.


<PAGE> 16


Consulting and Development Services

   Ranging from $65 to $150 per hour our consulting services include:

-       Instructional Design
-       User interface branding
-       Course content development
-       Conversion of existing instructor-led training material
-       Course assessment and recommendations
-       Multimedia development (streaming video/audio, flash animation,
        etc.)
-       Systems integration
-       Infrastructure recommendations

ASP Hosting Services

ASP Hosting fees are billed on a monthly basis and vary in cost depending
on the bandwidth requirements.

Course Consulting Services

Gemini offers full course consulting, technical, and ASP hosting
services. Our philosophy is to develop long-term partnering relationships
with our clients. We start with a "try before you buy" approach that
allows clients to test our solutions. Our commitment to meet our clients'
eLearning needs is further demonstrated through the provision of the most
appropriate advanced technology, skilled personnel, and customization of
our eLearning solution. Through client participation and an ongoing
performance improvement program, we ensure that our solution continues
to evolve to meet our clients' future eLearning requirements.

Gemini identifies, assesses, and meets our clients' eLearning needs with
a wide range of services using an ISO 9000 based performance improvement
system that includes:

-       Identification and fulfillment of client requirements
-       Demonstrating client satisfaction, and
-       Analysis and continual performance improvement.

Services

-       Course content development
-       Instructional design
-       Course assessments
-       Integration and development of multimedia technologies
-       User interface branding

Technical

-       System integration
-       Infrastructure recommendation


<PAGE>  17


ASP Hosting

With over 10 years of industry experience, Gemini has the expertise to
deploy and manage a complete eLearning solution for our clients. The
Gemini ASP (Application Service Provider) Hosting Service includes access
to our highly qualified IT team, enabling our clients to accelerate their
own products/services into the marketplace.

-       Tier 1 hardware
-       High speed network connectivity
-       Registration and authentication
        Security and scalability

Future Products - SAGE - Structured and Guided Educator

SAGE 1.0 - leverages the SWIFT Author, GeMS, and investments in content
by providing course authors, training managers and organizations with the
ability to capture knowledge and re-use it for a wide range of
supplementary learning resources, applications, and continuous improvement.

Xmap - leverages content created or imported into the SWIFT Author by
mapping to other XML DTDs (Document Type Definitions) created by Gemini,
including:

-       IETMs (Interactive Electronic Training Manuals)
-       Instructor manuals
-       Learner manuals
-       Online help systems
-       Fixed length tests (on and off line)
-       Adaptive tests (on line only, Xpert capable)

Xaminer - Examines data collected by GeMS and provides valuable reporting
of:

-       Question performance (raw)
-       Test performance (raw) by pool
-       Cross-analysis (question performance against student performance)
-       Item analysis
-       Discrimination indices
-       Difficulty assessment/weighting
-       Path analysis

Market For Products

Gemini is focused on the rapidly expanding eLearning market. In 1999, IDC
estimated the eLearning market to reach $2 billion in revenues by 2000,
and climb to $11.3 billion by 2003. New figures from Merrill Lynch
indicate that the market actually hit 3.5 billion in 2000 - nearly double
the forecast made the year earlier. Merrill Lynch is estimating this
industry to grow to $25 billion by 2003.

eLearning involves bringing learning to the people rather than people to
the learning. eLearning uses the power of networks and digital content to
make learning faster and easier, and allows for delivery in multiple
formats and extensive management of the learning experience. Centralized
training programs are expensive and disruptive for personnel that are
distributed over a wide geographical area. Additionally, increased
diversity in today's workforces means that learning needs to be easily
customizable rather than one-size-fits-all. eLearning helps to solve these
dilemmas as well as to improve companies' sales, production, quality, and
customer service. It cuts training time and costs, however, eLearning is
really about much more than Return-On-Investment. It is about full
utilization of a company's resources. This is why companies are now
adopting eLearning at an unprecedented pace.

Gemini is very well positioned, management believes, to thrive in this
rapidly expanding market. More than 75% of corporate training is created


<PAGE>  18


in house, yet the majority of eLearning authoring tools are exceptionally
difficult to master and require significant programming skills. Gemini's
newest product, SWIFT Author, eliminates training and programming
requirements and decreases time to market by 70 percent and more compared
to their closest competitor.  The company believes that with the launch
of SWIFT Author, Gemini's eLearning solution will sell itself.  Therefore,
the company has implemented a unique business model that provides a "try
before you buy" approach.  This strategy reduces the sales cycle
dramatically and sets the company apart from their closest competitor
who cannot compete due to the limitation of their technologies. Gemini
is also launching an online marketplace for the resale of courses created
in SWIFT Author by third party content developers which will allow Gemini
to enter the content arena without cross channel conflict.
Approximately 70% of eLearning companies are less that two years old,
Gemini is a ten- year pioneer in the industry. Coupled with a significant
technological advantage over its competitors and a client-driven marketing
strategy, Gemini is poised to become a dominant player in the eLearning
arena.

Competitive Business Conditions, Competitive Position in the Industry, and
Methods of Competition

See, "Market for Products", above, for a discussion of the Marketplace
in general.

SWIFT uses an entirely different approach in design and licensing than
its closest competitors, products such as Authorware, Toolbook, CBT
Express and Icon Author.  The primary areas of divergence between the
competitors and SWIFT is outlined in the table below:

SWIFT                                       Authoring Tools

SGML-based, leverage investment over        HTML-based
time
Designed for use by course content
creators, requires content only
Development is from scratch
CBT interface (Learning Environment) is     Requires expertise in HCI,
built-in - virtually no learning curve, no  programming, project mgmt,
software teams or programmers required      pedagogy...


Reduces development time and costs by       Averages 200 - 250 hours of
about 70%.                                  development for every hour of
                                            finished product.

Provides delivery on CD-ROM, Intranet and   Requires development from
Internet                                    scratch for
                                            each delivery format

Utilizes ELMer                              Expensive mgmt systems

International utilization built in          Limited internationalization
                                            if at all

The primary areas of divergence between the competitors and SWIFT LE is
outlined in the table below:


SWIFT LE                                    Other Learning Environment

Adaptive learning environment and           No adaptively
adaptive testing algorithms

Internationally awarded intelligent         Virtually no pedagogy
tutoring system (Ed Media '95; World
Conference on Educational Multi-Media
and Hypermedia)

Effectiveness backed by years of            Lead by the nose training
international R&D and usability studies


<PAGE>  19


Management feels that the SWIFT Technology effectively gives Gemini a
differentiable new technology, which has no direct competition. As can
be seen from the table presented above, SWIFT and SWIFT LE bear little
resemblance to the competition in the marketplace except for the fact that
the end user product is somewhat similar. What must be remembered is that
Gemini is primarily marketing a delivery system, not a particular product.
Indeed, most competitors in the industry could market their products using
the SWIFT system for product delivery. In this respect one is drawn to the
logical conclusion that Gemini, with respect to its base technology, has
no direct competitors.


              MANAGEMENT'S DISCUSSION AND ANALYSIS OF
        RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS.


     The  following discussion should be read in conjunction with
the information contained in the Financial Statements of the Company,
and the Notes thereto appearing elsewhere herein, and in conjunction
with the Balance Sheet at December 31, 2000 and Income Statement for
the year ended December 31, 2000 contained in the Company's Annual
Report 10-KSB, and in conjunction with the quarterly 10-QSB reports
for the periods ended March 31, 2000, June 30, and September 30, 2000,
and March 31, 2001, incorporated herein by reference, and is qualified
in its entirety by reference to such Financial Statements and Reports.


RESULTS OF OPERATIONS

A majority of the Company's revenues were derived from sales of
Futronix, Inc.  Sales revenues are recognized when the products are
shipped. Operating revenues decreased by $1.1 million for the three
months ended June 30, 2001 as compared to the three months ended
June 30, 2000 and $795 thousand for the six months ended June 30, 2001
as compared to the six months ended June 30, 2000. The decreases were
caused by the sale of Futronix, Inc. to Trident Systems International, Inc.
at the end of March, 2001.

Gross profit for the second quarter of 2001 decreased to $30,320, as compared
to $94,489 for the second quarter of 2000 and decreased to ($2,829)for the
six months ended June 30, 2001, as compared to $272,454 for the six months
ended June 30, 2000. The decrease was predominately due to a gross loss
of $54,616 in the first quarter of 2001 by Futronix.

General and administrative expenses were $631,445 for the three months
ended June 30, 2001, compared to $1,164,944 for the same period in 2000
and $1,907,295 for the six months ended June 30, 2001, compared to
$2,047,758 for the same period in 2000. The large decrease for the second
quarter of 2001 compared to the second quarter of 2000 is due to the
sale of Futronix at the end of March 2001.


<PAGE>  20


Interest expenses decreased from $49,000 in the second quarter of 2000
to $44,680 in the second quarter of 2001 and increased from $66,355 in
the first six months of 2000 to $109,565 in the first six months of 2001.

The operating loss for the three months ended June 30, 2001 was $645,805
as compared to an operating loss of $1,119,455 for the three months ended
June 30, 2000. The operating loss for the six months ended June 30, 2001
was $2,019,689 as compared to an operating loss of $1,841,659 for the six
months ended June 30, 2000.

The net loss for the second quarter of 2001 was $2,733,174, as compared
to a net loss for the second quarter of 2000 of $1,112,343 and the net
loss for the six months ended June 30, 2001 was $2,584,752, as compared
to a net loss of $1,832,571 for the six months ended June 30, 2000. The
loss for the second quarter of 2001 includes a nonrealized loss of
$2.1 million on a receivable for the future issuance of stock of Trident
Systems International, Inc., the purchaser of Futronix. The market value
of Trident's stock decreased significantly (from $9.75 per share to
$4.50 per share) during the second quarter of 2001, causing the
nonrealized loss.  A gain on the sale of Futronix of $1,661,591 was
recognized during thee first quarter of 2001.

LIQUIDITY AND CAPITAL RESOURCES.

Net cash used in operating activities was $3,789,696 for the first
six months of 2001 compared to $885,514 for the first six months of
2000.  The increased use of cash was due predominately to a receivable
created by the sale of Futronix.

Net cash provided by investing activities was $4,240,736 for the six
months ended June 30, 2001 from the sale of Futronix. There was no cash
provided by investing activities during the first six months of 2000.

Net cash used by financing activities was $1,132,867 for the six months
ended June 30, 2001, predominately a $1,670,920 satisfaction of debt
through the sale of Futronix and $600,015 draw on a convertible debenture.
Net cash provided by financing activities was $822,853 for the six months
ended June 30, 2000, predominately a $1 million private placement of common
stock.


<PAGE>  21


The current cash and working capital position and future
income from operations will require sufficient additional capital to
meet company cash and working capital needs in supporting Gemini until it
is fully self sufficient.

CURRENT ACTIVITIES:

Rand Worldwide signed a multiyear licensing agreement to launch an
Engineering eLeaning curriculum including providing full ASP Hosting
services. Rand has recently released several new courses in its
elearning operation.

Gemini has integrated jStreams, Inc.'s technology, which provides movie
quality video distribution via the Internet to Local Area Networks

Gemini partnered with IO Technology to deliver on-line competency-based
training, testing, and certification courses for the graphical communication
and arts industry.  IO partners include Canon, U.S. and Rochester Institute of
Technology. The first course was released in June, 2001, and it is expected
that Canon Educational Services Group's (a division of Canon USA) Curriculum
will be released in the third quarter of 2001.

Gemini entered into a pilot program with Dole Food Company to provide its
products for in-house training. The program is proceeding as planned.


<PAGE>  22


PART II.  OTHER INFORMATION

Item 1. Legal Proceedings.

Neither Gemini, nor the Company is currently a party to any
pending or threatened litigation of a meritorious or material
nature or that could result in a significant financial
impact, except as disclosed herein.  From time to time the Company,
or Gemini, may be involved in lawsuits in the normal course
of its business, that do not have a material impact upon the Company.

On March 19, 2001, upon all parties having completed the due
diligence requirements they felt necessary, Futronix, Inc. was sold by
the Registrant to Trident Systems International, Inc., subject to
Board approval by the Board of Directors of each
company. The transaction was valued at $8,000,000. The terms of the
transaction were fully disclosed in a Report on Form 8-K filed with the
Securities and Exchange Commission on March 21, 2001, and said Report is
incorporated herein by reference.

The former owners of Futronix, Inc. have asserted a claim that the
transaction is void as no transaction involving Futronix may take place
without the approval of the former owners of Futronix, Inc., Rande
Newberry and Nevin Jenkins. Newberry and Jenkins also claim that they
have the right to rescind the original purchase of Futronix by Salient
Cybertech, Inc., and that they have excised that right.

Salient has advanced over $1.3 million to Futronix. The last $600,000 was
advanced on March 20_,2001, on the explicit understanding that Futronix
was to be sold to Trident Systems International, Inc. The former owners of
Futronix explicitly waived their rights to any rescission in November, 2000.

Management feels that Newberry and Jenkins have no legal basis for their claim
of rescission, and that the sale of Futronix was valid and legally enforceable.


<PAGE>  23


Salient has commenced action in Florida Circuit Court for a declaratory
Judgment stating that Salient owned Futronix at all material times, and the
sale of Futronix was a valid sale.

Counsel has informed management that Salient should prevail in its action.
This means that the sale to Trident is valid.

To date Trident has advanced $55,000 as against the said sale, and the
shares issued to Salient are being held back pending the resolution of
this matter.


Item 2. Changes in Securities

None.

Item 3. Defaults.

None

Item 4. Submission Of Matters To A Vote Of Security Holders.

On Saturday, April 28, 2001 at 11 a.m. the Company held its annual meeting,
followed by a meeting of the Board of Directors. At the annual meeting, the
items, as disclosed in the Report on Schedule 14-A filed with the Securities
and Exchange Commission on March 16, 2001, were voted upon:

1.   The election of two Class 2 directors to serve until the 2004 Annual
Meeting of Stockholders and until their respective successors are elected
and qualified.

2.   The ratification of the appointment of Bobbitt, Pittenger, &
Company,P.A., to audit the company's financial statements.

3.   The approval by the shareholders of options issued to officers,
directors and consultants of the company under the 1998 Stock Option Plan.

4.   The ratification of the 2001 Stock Option Plan.


<PAGE>  24


    Each Item above was duly brought before the shareholders and voted upon.
Paul Sloan and Jim Vondra were elected directors, to serve until the
annual meeting to be held in 2004. Items 2 and 3 and 4 above were duly
ratified.

    The current Officers of the Company were re-elected to serve for another
year, and the annual report including the audited financial statements for
the year ended December 31, 2000 was approved.

    At the meeting of the Board of Directors, immediately following the annual
meeting, Paul Sloan, the Company's President and CEO, was elected as Chairman
of the Board of Directors

Item 5. Other Information

On May 11, 2001, James Marquis resigned as director of the Company, citing
personal reasons. Michael Solomon was appointed by the Board of Directors to
fill the vacancy.

On May 12, 2001, the resignation of Melanie Meer as Secretary became
effective, and Ira Helman was appointed to fill the vacancy until the
next annual meeting of Shareholders.

On March 19, 2001, Futronix, Inc. was sold to Trident Systems International,
Inc. Details of the sale, and the ensuing litigation are fully disclosed
elsewhere in this report on Form 10-QSB, and in the Reports on Form 8-K
filed on March 21, 2001, and May 15, 2001.


Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

(13) Incorporated by reference:
Quarterly and annual Reports on Form 10-QSB and 10-KSB, respectively, as
timely filed with the Securities and Exchange Commission pursuant to the
Securities and Exchange Act of 1934.

(24.6) Consent of Auditors

(b) Reports on Form 8-K

     1. Form 8-K filed with the Securities and Exchange Commission on
September 28, 1999 regarding the acquisition of Gemini Learning Systems,
Inc.


<PAGE>  25


     2. Form 8-K/A filed with the Securities and Exchange Commission on
October 29, 1999 regarding the acquisition of Gemini Learning Systems, Inc.

     3. Form 8-K filed with the Securities and Exchange Commission on
November 1, 1999 regarding the reverse stock split.

     4. Report on Form 8-K filed on May 27, 1999 reporting the change of
name from Sloan Electronics, Inc. to Salient Cybertech, Inc.

     5. Current Report on Form 8-K, reporting the purchase of Gemini
Learning Systems, Inc. by the Company, filed on September 28, 1999.

     6. First Amendment to Current Report on Form 8-K, providing the details
of the purchase of Gemini Learning Systems, Inc. by the Company, filed
on October 28, 1999.

     7. Second Amendment to the Current Report on Form 8-K, providing the
financial details of the purchase of Gemini Learning Systems, Inc.,
filed on December 28, 1999.

    8. Report on Form 8-K filed on February 22, 2000, reporting the
resignation of a director.

    9. Report on Form 8-K filed on March 29, 2000 (amended on April 8,
2000), reporting the change of Accountants.

   10. Report on Form 8-K filed on May 1, 2000, reporting the change of
address.

   11. Report on Form 8-K filed on May 5, 2000, reporting the executive
employment agreement.

   12. Report on Form 8-K filed on May 23, 2000, reporting the purchase of
Futronix, Inc.

   13. Report on Form 8-K filed on September 21, 2000, reporting the
termination of consulting agreement.

   14. Report on Form 8-K filed on November 22, 2000 (amended on November
28, 2000), reporting Debenture and Securities Purchase Agreement.

   15. Report on Form 8-K filed on November 27, 2000, Gemini Contract
with Nortel.

   16. Report on Form 8-K filed on January 23, 2001, Change of
Accountants, amended on January 31, 2001.

   17. Report on Form 8-K filed on March 21, 2001, sale of Futronix
to Trident Systems International, Inc.

   18. Report on Form 8-K filed on May 15, 2001, Legal Dispute with former
owners of Futronix.

(c) Other Filings Incorporated by Reference

   1. Proxy Statement on Form DEF 14A, filed on March 19, 2001.

   2. Form NT-10-QSB filed on May 15, 2001.

   3. Form NT-10-QSB filed on August 15, 2001.

                               Signatures

   In accordance with the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                          Salient Cybertech, Inc.

Dated:  August 21, 2001
                                              By: /s/Paul Sloan
                                              Paul Sloan
                                              President and CEO


<PAGE>  26


EXHIBIT 24.6
                   Consent of Registrant's Auditors



August 14, 2001

Securities and Exchange Commission
Washington, D.C. 20549

RE:  Salient Cybertech, Inc.
     Annual Report on Form 10-KSB, Quarterly
     Report on Form 10-QSB for the Periods ending
     March 31, 2001 and June 30, 2001.





Gentlemen:


     We have audited the balance sheet, pro-forma balance sheet, and
accompanying statements of the Registrant for the 2000
fiscal year, ending on December 31, and consent to the Auditor's
reports, statements, and notes being filed with the Annual Report on
Form 10-KSB for the fiscal year ending on December 31, 2000, and
with any amendment thereto.

     We have reviewed the balance sheet and accompanying statements
of the Registrant for the quarters ending on March 31, 2001 and June 30,
2001, and consent to the Accountant's reports and statements being filed
with the Quarterly Report on Form 10-QSB for the quarters ending on
March 31, 2001, and June 30, 2001 with any amendment thereto.  This
accounting firm hereby consents to the filing of this consent as an
exhibit to the Annual Report and Quarterly Reports abovementioned.





/s/Bobbitt, Pittenger/s/
Certified Public Accountants



<PAGE>  27