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, 1999
                                        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)

     1751 Stickney Pt,. Rd, Sarasota FL                        34231
     (Address of principal executive offices)                (Zip Code)

     Registrant's telephone number, including area code:(941)349-6583

                         Sloan Electronics, Inc.
(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 [ ]

     As of June 30, 1999, the Registrant has outstanding
11,647,749 shares of Common Stock, $.001 par value.


                   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>

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, 1999

INDEX                                            page number
PART I  Financial Information

Item 1. Financial Statements

Accountants' Compilation Report                      F1

Statements Of Financial Condition                    F2

Statements Of Operations                             F3

Statement Of Changes In Stockholders' Equity         F4

Statements Of Cash Flows                             F5


Item 2.   Management's discussion and analysis of
   financial conditions and results of operations.


Part II.  Other Information

<PAGE>

July 28, 1999




TO THE BOARD OF DIRECTORS
Salient Cybertech, Inc.
  (formerly known as Sloan Electronics, Inc.)
Sarasota, Florida


ACCOUNTANTS' COMPILATION REPORT


We have compiled the accompanying statements of financial condition of Salient
Cybertech, Inc. (formerly known as Sloan Electronics, Inc.), as of June 30,
1999 and December 31, 1998, the related statements of changes in stockholders'
equity for the periods then ended, and the statements of operations for the
three and six month periods ended June 30, 1999 and 1998 and cash flows for
the six month periods ended June 30, 1999 and 1998, in accordance with
Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants.

A compilation is limited to presenting in the form of financial statements
information that is the representation of management.  We have not audited or
reviewed the accompanying financial statements and, accordingly, do not
express an opinion or any other form of assurance on them.

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 & Company, P.A.


Certified Public Accountants

<PAGE>

                    SALIENT CYBERTECH, INC.
            (FORMERLY KNOWN AS SLOAN ELECTRONICS, INC.)

               STATEMENTS OF FINANCIAL CONDITION


                                        June 30,    December 31,
                                         1999          1998

ASSETS

Cash                                 $      906      $   19,792
Accounts receivable - net                15,508          12,126
Inventory                                21,108          27,171
Prepaid insurance                        13,063          26,422
Prepaid legal fees                      316,667
Prepaid consulting fees                 316,667
Deferred syndication costs              100,000         100,000
                                       --------        --------
TOTAL CURRENT ASSETS                    783,919         185,511

EQUIPMENT - NET                           1,444           1,892
                                       --------        --------
                                   $    785,363     $   187,403

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
Accounts payable                  $      88,137    $     79,736
Accrued expenses                        125,752         117,442
Accrued interest                          9,775           8,650
Accrued interest - related party         60,459          41,189
Notes payable                            25,094          41,718
Notes payable - related party           242,200         210,000
                                       --------        --------
TOTAL CURRENT LIABILITIES               551,417         498,735

STOCKHOLDERS' EQUITY
Common stock - authorized 80,000,000
shares; par value $.001; issued and
outstanding, 11,647,749 and 10,635,249
shares at June 30,1999 and December
31, 1998, respectively                   11,648          10,635
Additional paid-in capital            1,432,180         603,134
Due from officer                        (33,565)        (33,565)
Accumulated deficit                  (1,176,317)       (891,536)
                                    ------------      ----------
TOTAL STOCKHOLDERS' EQUITY              233,946        (311,332)
                                    ------------      ----------
                                   $    785,363     $   187,403
                                   =============    ============




F2                    See accountants' compilation report.
<PAGE>

                       SALIENT CYBERTECH, INC.
             (FORMERLY KNOWN AS SLOAN ELECTRONICS, INC.)

                      STATEMENTS OF OPERATIONS



                  Six months    Three months    Six months     Three months
                    ended          ended          ended            ended
                June 30, 1999  June 30, 1999  June 30, 1998    June 30, 1998

SALES           $   13,417      $     8,589     $   37,886       $   24,032
COST OF SALES        8,621            4,122         19,924           15,078
                ----------      -----------     -----------      -----------
GROSS PROFIT         4,796            4,467         17,962            8,954

EXPENSES
Selling             38,970           12,607            970              903
General and
administrative     255,212          161,792        198,520          111,711
Interest            20,395           10,773
                  ----------      ---------       ---------        ---------
                   314,577          185,172        199,490          112,614
                 -----------      ---------       ---------        ---------
NET LOSS         (309,781)         (180,705)      (181,528)        (103,660)

OTHER INCCOME      25,000            25,000
                 ----------       ---------       ---------        ---------
LOSS BEFORE
INCOME TAXES     (284,781)         (155,705)      (181,528)        (103,660)

INCOME TAXES
                ----------       ----------       ----------       ----------
NET LOSS        $(284,781)        $(155,705)     $(181,528)       $(103,660)

NET LOSS
PER SHARE    $      (.025)     $      (.025)  $      (.019)   $      (.010)
            ==============     =============  =============   =============



F3                    See accountants' compilation report.

<PAGE>

                       SALIENT CYBERTECH, INC.
              (FORMERLY KNOWN AS SLOAN ELECTRONICS, INC.)

           STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY



                               Additional
                   Common       Paid-in    Due from   Accumulated
                    Stock       Capital     Officer     Deficit     Total

BALANCE,
Jan. 1, 1998     $  9,189   $   376,497    $(33,565)  $(591,407)   $(239,286)

Sale of
common stock          225        64,775                               65,000

Stock issued
for services          111        10,889                               11,000

Stock issued in
private placement
offering            1,000        99,000                              100,000

Note payable
converted to
common stock          110        51,973                               52,083

Net loss                                               (300,129)    (300,129)
                ----------    ----------   ---------  ----------    ---------
BALANCE,
Dec. 31, 1998      10,635       603,134     (33,565)   (891,536)    (311,332)

Sale of
common stock           13         9,987                               10,000

Stock issued
for services        1,000       799,000                              800,000

Stock issued as
compensation                     20,059                               20,059

Net loss                                                (284,781)   (284,781)
                ----------    ----------   ---------  ----------    ---------
BALANCE,
June 30, 1999      $11,648    $1,432,180    $(33,565)  $1,176,317  $ 233,946
                ==========    ==========   ==========  ==========  ==========

F4                    See accountants' compilation report.
<PAGE>


                             SALIENT CYBERTECH, INC.
                (FORMERLY KNOWN AS SLOAN ELECTRONICS, INC.)

                        STATEMENTS OF CASH FLOWS
                        FOR THE SIX MONTHS ENDED



                                                       June 30,
                                                  1999         1998

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                      $(284,781)     $(181,528)

Adjustments to reconcile net loss to
net cash used in operating activities:
Depreciation                                        448         14,697
Forgiveness of accounts payable                 800,000
Stock issued for services                        20,059
Noncash disbursements                                           11,000
Decrease in operating assets:
Accounts receivable - net                        (3,382)        72,966
Inventory                                         6,063        (15,508)
Prepaid insurance                                13,359
Prepaid legal fees                             (316,667)
Prepaid consulting fees                        (316,667)
Deferred syndication costs
Increase in operating liabilities:
Accounts payable                                  8,401        (31,773)
Accrued expenses                                  8,310
Accrued interest                                 20,395         13,600
                                              ---------       ---------
NET CASH USED IN OPERATING ACTIVITIES           (44,462)      (116,546)
                                              ---------       ---------
CASH FLOWS USED BY INVESTING ACTIVITIES
Purchase of equipment                                             (903)
                                              ---------       ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loans                              35,200          40,000
Proceeds from sale of common stock               10,000         105,000
Repayments of loans                             (19,624)
                                                --------        --------
NET CASH PROVIDED BY FINANCING ACTIVITIES        25,576         145,000
                                                --------        --------
NET (DECREASE) INCREASE IN CASH                 (18,886)         27,551

CASH, at beginning of period                     19,792           3,936
                                                --------        --------
CASH, at end of period                     $        906      $   31,487
                                           =============     ===========



   F5                 See accountants' compilation report.

<PAGE>



                                                          June 30,
                                                      1999         1998

SUPPLEMENTAL DISCLOSURES:
Interest paid                                        $    -     $   562

Non cash financing activity - note payable
of $50,000 and accrued interest of $2,083
converted to 110,000 shares of common stock
in the year ended December 31, 1998

Non cash financing activity - stock issued for prepaid
legal fees 500,000 shares, valued at $400,000

Non cash financing activity - stock issued for prepaid
consulting fees 500,000 shares, valued at $400,000

Non cash financing activity - stock options
issued for compensation 30,000 shares,
compensation valued at $20,059






<PAGE>
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 will continue to design, manufacturer
and  market electronic monitoring equipment for the criminal justice industry
and  the  long-term  health care industry. It will  market house arrest
monitoring equipment through its in-house marketing department  and currently
distributes its products through national service providers.  The Sloan
Electronics division has a distribution agreement with Response  USA, a
distributor  of  personal  emergency response  systems.  King  Alarm,  a
security  product  distributor, previously was an  exclusive  distributor  of
Company products to the security industry, has been sold to ADI, a subsidiary
of Pitway Corp, and is no longer an active distributor.

Salient Cybertech, Inc. is actively seeking acquisition candidates with
interests in technology, internet, distance learning, and security industries.
During the second quarter 1999, acquisition discussions were held with several
companies.

The Company's revenues are currently primarily from product sales. Based on a
written agreement, the Company is to receive recurring payments from Response
USA based  on  a  percentage of their service  revenue.  The Company received
recurring revenue from Response USA in the first quarter of 1999, and will
receive recurring revenue for the second quarter of 1999.

MAS Acquisition I Corp., was incorporated on July 31, 1996 in  the State of
Delaware, to engage in any lawful  corporate  undertaking, including,  but
not  limited to, selected  mergers  and  acquisitions.  On December  5,  1997,
pursuant to the terms of an Agreement  of  Merger  (the "Agreement")  between
the Company and Sloan Electronics,  Inc.  ("Sloan"), Sloan  has merged into
the Company and the Company changed its name  to Sloan Electronics, Inc., and
in May 1999 changed its name to Salient Cybertech, Inc.


Sloan Electronics Division Products

Information sheets and video clips of some of the company's products are
available from the company web site at salientcyber.com.

Criminal Justice:

The Sloan Electronics division offers a full range of electronic monitoring
equipment for the criminal justice house arrest corrections programs and  for
the medical  industry's long-term health care providers. We believe our
equipment strikes a balance between solid, state-of-the-art, high-quality
products and competitive price.

The concept behind the product line is that each product is  able to  stand
alone, without additional equipment such as  door  sensors  or custom wiring,
yet each product is integratable with a number of pre-existing  computer
software programs.  This philosophy  of  integration makes  the SEI Alert
products and Wander  Watch  products  more attractive to institutional
consumers.
<PAGE>
The SEI Alert 24 Single Offender Based System.  A tamper-proof  transmitter is
fitted  and  attached to an offender's  ankle.  This  anklet  is waterproof
and designed to be worn at all times. A home-based receiver  is placed  in  a
central location within a residence, and a range  setting  is selected.   In
the event that the anklet is removed, or  that  the  person wearing  it strays
outside the predetermined range, the event is  recorded, time  and date
stamped, and sent by modem to an outside monitoring station within  4 minutes.
The current industry average time window is over 8 minutes.

The  SEI  Alert  24 Half-Way House  Multi-Residence  System.   Each  person
paroled  to  a half-way house is fitted with an  anklet  transmitter.   The
receiver   then   monitors  the  movements  of  each  client   within   the
predetermined  parameter  of  the half-way house and records  any  and  all
violations.  This system can work as a stand-alone measure with the current
data  sent via a telephone line to monitoring station, or can also work  as an
in-house employee monitoring station.  The system is designed to monitor from
1 to 50 offenders.

The  SEI Alert 24 Drive-By Transmitter Detector.  This device  is  designed
for  use by parole officers, probation officers or security officers.  This
mobile surveillance  system allows an officer to check on a house arrest
client simply by driving past the offender's residence, work place or
school.  The system detects and displays the ID of a particular offender by
interfacing with that person's anklet transmitter. The receiver unit time an
date stamps the information collected, and it can also upload this
information to a central computer.

The SEI Alert 24 Chain Gang / Work Release Departure Alert System. Each inmate
is fitted with an anklet transmitter. A single guard monitors the portable
programmable receiver unit which alerts the officer in the event that an
offender, or group of offenders, leaves the general area.

The  SEI Alert 24 Automated Check In System. A kiosk for the criminal
justice  industry to facilitate the  "day reporting" of offenders  on
probation or parole.  Client is verified  using  hand  print  technology,
listens to a specific message from the parole officer and replies using  a
telephone  handset and tone pad. The system can collect  restitution  money
and issues a receipt to the offender showing check-in details and payments.
The system interfaces with a computer that can generate various reports. As a
case  management tool it improves a parole officer's efficiency in
managing the growing number of inmates released into supervision programs.
It is currently in field trial in Washington state for the Department of
Corrections.  The Company is pursuing license agreements with prospective
customers.

Medical Monitoring:

The Wander Watch Single Patient System.  An adjustable, tamper-proof anklet is
fitted to a patient's leg.  It is completely waterproof and designed  to be
worn  at  all  times,  including  bathing  and  swimming.   The  micro-
transmitter  in  the anklet sends a coded silent radio signal to  the  home
receiver, which in turn determines the proximity of the patient to the base
unit.  An alarm will sound when the patient travels beyond the  selected
range  or if the anklet is removed.  This alarm  can be transmitted  by
telephone to a central station using industry standard alarm  protocols.
Dispatchers at the central station can then take the appropriate responses,
such  as calling the caregiver, notifying a neighbor, or calling  emergency
services.

The  Wander  Watch  Multi-Patient Wander Alert  System.   A  computer-based
system  specifically designed for placement within a medical facility, the
Multi-Patient Alert System is able to notify a caregiver in the event of a
patient departure from a long-term healthcare facility.  It was  originally
configured to monitor the movements of 1 to 25  patients.   Unlike most
wander alert  systems installed in a medical facility, the Wander Watch
system stands alone and does not require custom electrical wiring,
installation of door sensors or the use of door barrier detection equipment.

Nurse Call Alert 24. A wireless nurse call system with a 500 resident
capacity,  which  can  be installed in less than 30  minutes.  This system
utilizes fail-safe technology, provides coverage of any sized facility,
outputs usage reports and provides for a complete audit trail. The system's
advanced features include an automatic signal check, low battery reporting
and  an optional range extender. The system can function as a nurses' call
network or it can complement an optional paging system to direct staff to
medical emergencies in a more timely and efficient manner. This system is
currently available for field trials.

Other products:

Fleet Watch Alert 24.  This radio frequency reporting system  allows a
company to passively keep tract of its fleet vehicle traffic. Every time a
fleet vehicle drives onto or off the company property, the event is date
and  time  stamped automatically. This enables a company to keep track of
employee  hours, vehicle use and vehicle status instantly. The Fleet Watch
computerized base unit is fully integratable with other computer software,
allowing the unit to generate vehicle status reports on demand. No longer is
it necessary for a company to assign an employee the duty of physically
counting each vehicle on the lot. This system is available for field
trials.

INDUSTRY BACKGROUND

The Corrections Industry.  The United States currently locks up a greater
share of its residents than any other nation.  According to  the US
Department of Justice there were 3.5 million people on probation or parole at
year end 1995, and the estimated 5.5 million total in the correctional
population equals 2.8% of US adults and is growing at 4.5% per year. As of
June 30, 1995, there were 1,004,608 state prison inmates, up  9.1%, and
99,466 federal inmates, up 6.1%.  The annual average increase in the prison
population since 1980 has been 8.7% per year.

The Criminal Justice System regards house arrest as an acceptable
alternative to incarceration  for the nonviolent segment of the prison
population, and as a better way to monitor criminals once they are paroled to
a half-way house facility.  The public's insistence on increased law
enforcement along with their reluctance to fund additional prisons also
makes house arrest using electronic assisted monitoring systems an
increasingly attractive alternative to incarceration.
<PAGE>
The Medical Industry.  A patient's compulsive desire to wander about is a
symptom of dementia, which often accompanies Alzheimer's Disease.
Biologically, this is caused by physical changes in the brain. Oftentimes
the  patient acts out of routine, such as the repetitive action of getting
ready to leave for work every day. Sometimes the patient just feels tense or
trapped and wants to escape his environment. Until recently, a common
medical practice was to heavily sedate these patients, or to restrain  a
patient to a chair or bed to keep them from wandering.  Today, hospitals
and institutions maintain separate facilities to enable them to better deal
with  patients who demonstrate a compulsive desire to wander. However, the
huge costs associated with institutionalized care, along with its
impersonal nature, make at-home care an important option for many families. Of
the 4 million currently diagnosed with Alzheimer's, 3 million live at home,
cared for by family, visiting aides, and nurses supplied by the estimated
18,000 at-home care agencies which are projected to grow 30% every two
years. The Sloan electronic Wander Watch Alert 24 systems are designed to
help at-home caregivers and institutions safeguard patientsprone to
wandering.

The US Administration on Aging projects as many as 14.3 million Alzheimer's
cases by 2040. The Company believes that the long-term healthcare segment of
the medical industry is growing at an increasing rate.  The Sloan
Electronics Wander Watch Alert 24 Multi-Patient system is designed for long
term care facilities.  The Company also believes that the home-care segment of
the healthcare market is growing at a steady rate. The Wander Watch Alert
24 Single Patient System is specifically designed to meet the needs of the
more than 3 million Alzheimer's patients and patients with related medical
disorders, who are cared for at home. These systems not only help protect the
patient, but they also give the at-home caregiver peace of mind that their
loved one will not wander off at night or when the caregiver is momentarily
distracted.

BUSINESS STRATEGY

The  Company's  electronics business strategy is based on establishing a
market share within the criminal justice house arrest industry and within the
healthcare industry. By incorporating  better, more cost-effective technology
into its SEI Alert 24 product line and its Wander Watch products,  we
believe  that our products are among the best currently available in
these two industries.

Until recently, Management has defined the Company's role as primarily  a
manufacturer who markets products directly to the criminal justice
industry, while relying on distributors such as Response USA to market its
Wander Watch healthcare product line. However, Management recognizes that
there are many business opportunities for the Company in addition to
its electronic monitoring business.  Consequently, the Board of Directors
recommended to the shareholders a name change to reflect their decision
to divide operations into multiple divisions with  operations in the
technology, internet distance learning and electronics industry sectors.
Shareholders' approval was obtained at the Annual Meeting of Shareholders on
May  22, 1999.  One of the proposed new technology divisions will provide
distance  learning over the internet. During the second quarter, we have been
negotiating with Gemini Learning Systems, Inc., a Canadian company that has
<PAGE>
developed and markets a "Cyber Learning" engine which allows existing
curricula to be quickly and easily adapted to internet and new media
distribution and therefore be available worldwide.  In addition, we are
presently evaluating a number of other strategic relationships  with
established businesses in the internet, electronics and technology industries
as well as the criminal justice industry with a view towards acquiring
existing profitable businesses, along with management teams, as operating
divisions. These acquisitions, if realized, will provide both horizontal and
vertical integration for the Company.

To further the Company's goals and improve shareholder value through
acquisitions, management has taken steps to promote the company to
investors in order to improve share price. A strong price with good daily
volume will allow the company to raise the additional capital needed to grow
the  core business, and to fuel expansion into other businesses through
acquisitions for  stock.  To these ends, the Company has hired David
Feingold,Esq. of Feingold & Kam.  As corporate attorney specializing in
corporate issues that affect emerging companies, Mr. Feingold is working
with management to position the Company as a holding company with interests in
the Internet and technology sectors. The company has also hired Baxter Banks
and Smith to act as investment bankers and to assist in fund raising and
various acquisition projects. The company also retained Dayton Scott
Associates, Inc. to act as consultants under a one year agreement to improve
shareholder value by promoting the company.  Dayton Scott Associates received
500,000 shares as compensation in the second quarter of 1999, however,
management concluded that their course of conduct was detrimental to the
company and its shareholders and is seeking a return of the compensation.

High-Quality Image. We believe that within the house arrest and medical
monitoring industries, the Company has built a reputation for developing
and manufacturing some of the best, cost-effective and user-friendly
systems on the market. The Wander Watch products and the SEI Alert 24
products reflect our commitment to quality; the highest standards in
design, assembly and appearance of products. We recognize that product
dependability and reliability are highly significant to success.
Therefore, quality control and customer satisfaction play an important role
in our business strategy.

Focus on Private Residence. The Wander Watch product line and the SEI Alert 24
product lines are both specifically designed to be used in a private home,
apartment or townhouse. Ease-of-use and stand-alone features inherent to both
products give them a competitive advantage in these areas.

The Wander Watch Single Patient System is both affordable and easy to
install.  The receiver unit plugs into a standard outlet.  Unlike most
competitive products, this is all that is required to install and operate
the  products; doors do not need to be wired with sensors.  There are no
wires or barriers associated with the products. This stand-alone concept
runs contrary to the current industry thinking. Management believes that
this  concept is one of the reasons that makes the product line more
attractive to the consumers.

Customer Service and Support.   Sloan Electronics believes that its
relationship with its  dealers and its consumers has contributed
significantly to its past success and should continue to enhance its
future prospects. The ability to upgrade its equipment in the field not
only gives a competitive advantage within the industry, but also
allows us to focus on up-selling and upgrading its product line.

PRODUCT DESIGN AND DEVELOPMENT

The Sloan Electronics division is continuously engaging in  electronic
component research, design, experimentation and development, all of which
are essential to maintaining a competitive advantage in the market
place. The overall product development is managed and directed by Paul
Sloan, President. In addition, on project-by-project basis, a product
development team is assembled from personnel within the Company and may
include personnel outside the Company as well.

The product development team is responsible for developing working
designs of all approved product concepts using computer-aided design
systems, and for coordinating all modeling and initial prototyping. The in-
house testing department evaluates all prototypes. We then create full
documentation and design all circuitry artwork. Complete product
specifications and designs are then sent to Kimchuk Inc., which prints the
circuit-boards, assembles, tests, performs quality control inspections to
rigid  standards, packages and finally drop-ships the products to
distributors or directly to customers.

SALES AND MARKETING

The marketing strategy varies based upon each product line.  With regard to
the criminal justice house arrest market, we plan to continue to market SEI
Alert 24 products to independent service providers and to municipalities
which monitor and administer their own house arrest programs. The Board of
Directors has created the position of Vice President of Sales and named
Donald Grimes to the post.  Mr. Grimes has extensive experience in the
criminal justice monitoring industry. In addition, the company is seeking
strategic associations with other companies to develop and market enhanced
products for the criminal justice industry. The Company has licensed its
Wander Watch Alert 24 single patient departure alert system for exclusive
distribution to the long-term health care industry to Response USA, a
major company in the PERS (Personal Emergency Response System) industry.
Response USA leases Wander Watch Alert 24 single patient systems on a
monthly basis to individual users and to home care agencies. We also sell
directly to independent security companies who distribute to end users.
Marketing strategies and distribution decisions concerning other products are
handled on a product-by-product basis.

SEI Alert 24 Products.  The criminal justice house arrest market is
dominated by several manufacturers who, along with retailing their
products, are also contract service providers who compete in the security
industry. These manufacturers have developed proprietary software which is
not currently integratable with standard, existing security company
protocol.  Their software is not as effective or user-friendly as security
industry software. However, these manufacturers look upon this proprietary
software as a way to shut small security companies out of a lucrative
market.
<PAGE>
Based on current trends, management believes that within 5 years, 80% of
the municipalities who currently monitor their own house arrest program
will get out of the business. Independent security contractors will be
competing directly against these other equipment manufacturers for service
contracts. The Company is in the position to market its fully integratable
home incarceration system to these security providers, thus leveling the
playing field within the house arrest industry.

The  Wander Watch Products. We view our role in the medical monitoring
industry as that of developer, designer and manufacturer. To that end, we
have negotiated and signed contracts with Response USA to distribute
wander alert detection equipment. Response  USA leases the systems to
individuals and home care agencies and offers central station monitoring of
the Wander Watch Alert 24 units for an additional monthly fee. The company
has a recurring revenue sharing arrangement with Response USA, and began
receiving income from recurring monthly fees in the first quarter of 1999,
and will receive payments for the second quarter of 1999. Response USA has
four regional offices servicing all 50 states and markets to home care
agencies, hospitals, adult day care facilities, as well as individuals.
Response USA receives payment for the Wander Watch system both from  end
users and various  state and local agencies.  Currently  reimbursements
include Milwaukee, Pennsylvania, Department of Aging waiver program, Rhode
Island Department of Aging, partial reimbursement from local California
programs and partial reimbursement from New York local programs.
Reimbursement is pending in Massachusetts, and Response USA is seeking other
state and local agencies  to approve the systems for reimbursement. There is
no  assurance that other reimbursements will be obtained or those in place
will continue. Response USA also receives referrals from the National
Alzheimer Association and participates in their Safe Return program.

Advertising.  The Company has advertised in trade publications specific  to
the markets it manufacturers products for, and in journals which publish
company-by-company product comparisons. We are constantly seeking out
innovative ways to build name recognition within the industries in which we
compete, as well as to create public awareness for its product line. The
Company maintains a web site at www.salientcyber.com .

COMPETITION

The Company competes in a number of niche markets, which management
believes will continue to grow.

House Arrest Market. Competitors within the criminal justice market include
BI Incorporated, Strategic Technologies, Inc., and Elmo-Tech Ltd. Although
all of the companies manufacturing house arrest products base their products
on the same principals, management believes that the Company has
competitive advantages over its competitors within this industry.

1.  The  SEI  Alert 24 product line uses a 900 MHz spread spectrum radio
frequency rather than the standard 300 MHz frequency. This  difference in
technology is similar to the technological differences that exist between
cordless phones. Phones using 900 MHz radio frequencies are far superior to
those less expensive models that experience interference problems due to
the fact that they operate at a lower frequency.
<PAGE>
2.  The SEI Alert 24 products have an exclusive low range setting on the
receiver unit, which ensures that house arrest means house arrest and not
neighborhood  arrest.  With  other systems, an offender could  wander the
neighborhood and still not trip the distance setting on the base unit.  The
industry  standard  low range setting is a 150 foot perimeter.  SEI's low
range setting is between 40 and 60 feet.

3.  With  competitors' equipment, the "window" from the  time  an  offender
steps  outside the range setting until he is detected as being outside  the
range setting varies from  6 to 30 minutes. With some systems, an offender is
able to leave his residence for that period of time and return undetected.
The SEI Alert 24 system greatly improves performance and offers an
exclusive 4 minute radio frequency window.

4.  The SEI Alert 24 anklet transmitter is tamper resistant.  No tamper
system currently  available is 100% tamper proof or false alarm proof;
however, the SEI Alert 24 system is the most reliable on the market when it
comes to false alarms. A false alarm necessitates a physical inspection of
the anklet transmitter by a monitoring officer; therefore, this  fact  is
viewed as a major selling point among security providers.

5.  The SEI Alert 24 product line has been designed to allow security
companies access to one of the fastest growing segments of the industry:
electronic home incarceration. The competitors' use of abusive pricing
policies and proprietary software which is incompatible with standard
central station equipment have worked together to keep independent
contractors out of the market. Using the Company's products, these security
companies are now able to compete with BI Incorporated, Strategic
Technologies, and Elmo-Tech for municipal contracts on an even footing.
Unlike other manufacturers, we do not directly compete against our customers
in the contract monitoring business.  However, we are seeking strategic
associations with other  companies in the criminal justice monitoring
industry to vertically integrate business and maximize market share.

Long-Term  Healthcare  Market.  Competition in this market includes
WanderGuard, Code Alert, Watchmate and Secure Care Products.  All of these
companies utilize proximity sensing technology, which requires that a
patient wear a low powered transmitter that sends a weak signal.  A receiver
is mounted at each door. When a patient approaches the  door, an alarm
sounds and the door magnetically locks. Our Wander Watch Alert 24
technology has a competitive advantage over proximity-sensing systems since
it requires no additional wiring of door sensors and provides a higher level
of patient security.

1. With competitive products, the transmitter attached to a patient has no
removal alert (an inherent part of the Wander Watch systems).  These
transmitters are attached with a hospital ID type band. Common behavior for an
Alzheimer's patient, or other patients suffering from dementia, is to try
to remove everything from their bodies. The Wander Watch  anklet, if
removed, activates an alarm at the receiver unit.

2.  Proximity-sensing technology requires the installation of barriers, door
sensors and magnetic locks. Prices per door range from $2,500 to over $5,000,
with the  average facility having anywhere between four and ten doors.
Automatic door locks also create problems with existing fire alarms and fire
regulations, for in the event of a fire, the proximity technology and magnetic
door locks need to be deactivated.
<PAGE>
3. The Wander Watch system utilize 900 MHz spread spectrum radio frequency
technology, a tamper-resistant anklet transmitter with a tamper alarm, and
sells its products at a price below that charged by the competition.

The Fleet Watch Alert 24. The Fleet Watch system is able to monitor vehicles
and generate status reports on demand, confirm employee hours of vehicle
operation and continuously monitor the comings and goings of fleet vehicles.
This tamper resistant monitoring system installs in less than 30 minutes, ends
unapproved vehicle use, and provides a complete audit trail and other
necessary usage reports for each vehicle in a company's fleet.  This unit
has been successfully tested on a fleet of concrete trucks.

The  Nurse Call Alert 24. A fully supervised 900 MHz spread spectrum
wireless nurse call system is yet another innovation by the Company. The
Company believes that this system is among the best wireless security
system  available, with unique features such as automatic signal check and
low battery reporting. With the systems optional range extenders, any sized
facility may be monitored. Another unique integratable option is the paging
system which assists in quicker response times by staff.

MANUFACTURING AND ASSEMBLY

All of our electronic products are currently made in the USA.  Kimchuk Inc.,
the Company's primary contract manufacturer, has many years of experience as
an electronics manufacturer and designer. Kimchuk manufacturers over 500
different products at its four plants located through out the East Coast.

The Company's relationship with Kimchuk allows it to reduce its  production
costs, to reduce its final testing costs and to reduce its personnel costs.
The Company designs all of its products with automatic insertion, surface
mount technology, and automatic testing in mind. This attention to detail
enables Kimchuk to manufacture and assemble the Company's products in the
most cost-efficient manner, while maintaining accuracy in circuit board
production and error-free transfer and component connections.

Product Warranties. The Company supports its products with a limited 1-year
warranty, which covers all defects in materials or workmanship. the Company
will repair or replace defective units without charge to the consumers  for
labor or  materials.  The Company's service department acts as liaison
between the customer and Kimchuk and works aggressively to resolve any  and
all problems a customer may have with any of its products. The Company has
not experienced a material level of product warranty claims for breakage or
other defects.

FUTURE PRODUCTS

We continue to look for new ideas for development of new products, and
believe that new products  could represent substantial new business for
the Company.
<PAGE>
GOVERNMENT REGULATION

The Company's facilities are subject to numerous federal, state and  local
laws and regulations designed to protect the environment from waste
emissions and hazardous substances. We are also subject to the Federal
Occupational Safety and Health Act and other laws and  regulations effecting
the safety and health of employees in the administrative and manufacturing
areas  of facilities. We believe  that we are in compliance in all material
aspects with all applicable environmental and occupational safety
regulations.  Our radio frequency anklet transmitter is subject to FCC
(Federal Communications Commission) regulations,  as are all radio frequency
devices. The Company has  obtained type approval #HCQ3B6WWT for the anklet
transmitter and its products are in compliance with FCC rules Part 15.

YEAR 2000

The Company's products and operations are year 2000 compliant.


              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, 1998 and Income Statement for the year ended
December 31, 1998 contained in the Company's Annual Report 10-KSB and in
conjunction with the quarterly 10-QSB reports for the periods ended March
31, 1998 and June 30, 1998, September 30, 1998, and March 31, 1999
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 are derived from sales of
electronic monitoring devices to the long term health care and criminal
justice industry.  Sales revenues are recognized when the products are
shipped.

     Operating  revenues  decreased by $24,469 (65%) for the  six months
ended June 30, 1999 as compared to the six months ended June 30, 1998

     Gross profit for the first half of 1999 decreased to $4,796 compared
to $17,962 for the six months ended June 30, 1998. The decrease is due in
part to lower sales.

     General and administrative expenses were  $255,212 in the six months
ended June 30, 1999, compared to $198,520 for the first half of 1998. This
represents an increase of 29% over general and administrative expenses  for
the first half of 1998.  The increase is in part due to increased insurance
costs, professional fees, and contract services and expenses.  Sales and
marketing expenses increased to $38,970 for six months ended June 30, 1999.
Sales and marketing expenses increased due to the management fees of VP Sales,
Don  Grimes.  Management is concerned with the sales performance and
attributes poor results as partially due to lack of funding for inventory.
The commitment to hire a full time sales representative was made to maintain
industry contacts in anticipation of obtaining funds to build inventory.
Interest expenses increased, and are expected to continue to increase as
interest accrues and future debt is incurred.
<PAGE>
     The net loss for the six months ended June 30, 1999 was $284,781 or
$0.025 per share based on 11,647,749 shares outstanding, as compared to a
net loss for the first half of 1998 of $181,528, or $0.019 per share. The
net loss for the period is primarily attributed to insufficient level of
revenue generated by the Company.

LIQUIDITY AND CAPITAL RESOURCES.

     Net cash provided from financing activities was $25,576 for the six
months ended June 30, 1999, raised through private placement of common
stock and borrowing.

     The Company has entered into an agreement to acquire Gemini Learning
Systems Inc. for stock and cash during the next half and believes that its
current cash and working capital position and future income from operations
will require sufficient additional capital to meet its cash and working
capital needs.

PART II.  OTHER INFORMATION

Item 1. Legal Proceedings.
None

Item 2. Changes in Securities
The Shareholders', as an anti-takeover provision, at the Shareholders Meeting
on May 22, 1999 approved an amendment to the Articles of Incorporation to
allow for 20 shares of Preferred Stock with no par value convertible at the
will of the holder into 1,500,000 Common Shares.

Item 3. Defaults.
None

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

(a) At the Annual Shareholders' Meeting held on May 22, 1999 the shareholders
approved items more fully discussed in the DEF14A Proxy Statement filed with
the SEC on April 6, 1999 and incorporated herein by reference.
(b) The following were elected to the Board of Directors,
approved with 6,194,753 "FOR" , 0 "AGAINST" and 0 "WITHELD":
Class I:   Jim Marquis, Richard Brooks
Class II:  Jim Vondra, Paul Sloan
Class III: Larry Provost
On May 26, 1999 Richard Brooks notified the company that he resigned from the
Board to pursue other business interests. His seat remains vacant.
(c) The following was voted upon at the meeting:
        1. The ratification of an anti-takeover amendment to the Company's
Articles to classify the Company's Board of Directors into three classes and
to provide for removal of directors only for cause. 6,194,753 "FOR" , 0
"AGAINST" and 0 "ABSTAIN".
        2. The ratification of an anti-takeover amendment to the Company's
Articles to issue previously approved Preferred Stock, which the Company
intends to issue to Larry Provost and Paul Sloan. 6,194,753 "FOR" , 0
"AGAINST" and 0 "ABSTAIN".
<PAGE>
        3. The election of two Class I directors to serve until the 2000
Annual Meeting of Stockholders and until their respective successors are
elected and qualified, the election of two Class II directors to serve until
the 2001 Annual Meeting of Stockholders and until their respective successors
are elected and qualified, and The election of one Class III director to serve
until the 2002 Annual Meeting of Stockholders and until his respective
successor is elected and qualified. (See (b) above.)
        4. The ratification of the re-appointment of Bobbitt Pittenger and
Company PA, to audit the company's financial statements. 6,194,753 "FOR" , 0
"AGAINST" and 0 "ABSTAIN".
        5. The approval by the shareholders of options issued to officers,
directors and consultants of the company under the 1998 Stock Option Plan.
6,194,753 "FOR" , 0 "AGAINST" and 0 "ABSTAIN".
        6. Approval for the Board of Directors to change the Company name to
better reflect management's business plan. 6,194,753 "FOR" , 0 "AGAINST" and 0
"ABSTAIN".
        7. The transaction of such other business as may properly come before
the meeting or any adjournment thereof: A motion was made that the
shareholders clarify the powers of the Board of Directors, and it was RESOLVED
that The Board of Directors is authorized to take any actions necessary to
further the capital requirements of the Company, including, but not limited
to, requirements of broker/dealers and investment bankers, the re-
capitalization of the company, issuance of new classes of stock, effecting
stock splits or reverse splits, declaring dividends, and issuing warrants.
6,194,753 "FOR" , 0 "AGAINST" and 0 "ABSTAIN".

(d) None

Item 5. Other Information

The Company is discussing the possible acquisition of several companies in
the criminal justice security industry, but has not as of yet signed letters
of intent. These acquisitions, if realized, will allow for vertical
integration of our equipment manufacturing  and management capabilities with
municipal contract service providers and client central monitoring facilities.
The  Company has discussed possible acquisition with an internet service
provider (ISP) in the North East, but such acquisition is considered unlikely.

Subsequent to the filing period of this report, we have signed a letter of
intent to acquire Gemini Learning Systems, Inc., a Canadian company that has
developed and markets a "Cyber Learning" engine which allows existing
curricula to be quickly and easily adapted to internet and new media
distribution, thereby making it available worldwide. Gemini products are
unique in that their adaptive testing features provide a permanent record of
employees' or students' results. Unlike many other distance learning models,
the Gemini learning paradigm does not require the downloading of courseware,
thereby minimizing pirating and security concerns. Information concerning
Gemini Learning Systems is available at the www.gemini.com website. We believe
that Gemini's existing corporate client base and its growth potential will
represent an important acquisition for Salient Cybertech, and will add
significant shareholder value. A copy of the letter of intent is attached as
an exhibit to this report and provides more specific information concerning
the acquisition. We hope to close on this acquisition as early as the end of
August, 1999 pending completion of due diligence review.

<PAGE>
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits

(2.0)  Plan and Agreement of Merger between MAS Acquisition  Corp. and
       Sloan Electronics Inc. as filed with the Form 8-K Amendment on
       March 18, 1998.

(2.1)  Article  of Amendment changing company name from MAS Acquisition I
       Corp.  to Sloan Electronics, Inc. as filed with the Form 8-K
       Amendment  on March 18, 1998.

(3)    Articles of Incorporation as filed with the Form 10-SB
       Registration Statement on September 4, 1996.

(3.1)  Certificate of Amendment to the Certificate of Incorporation as filed
       with the Delaware Department of State May 28, 1999.

(3.2)  Bylaws of the Company as amended.

(4)    Specimen Stock Certificate as filed with the Form 10-SB
       Registration Statement on September 4, 1996.

(4.1)  Specimen Stock Certificate replacing MAS Acquisition I Corp. Stock
       Certificate, filed with form 10-KSB/A April 7, 1998.

(4.2)  Specimen Stock Certificate replacing Sloan Electronics, Inc. Stock
       Certificate

(4.3)  Stock Option Plan approved by shareholders May 16,1998 as filed with
       form DEF-14A April 10, 1998.

(10)   Material Contracts as filed with the form 10-KSB/A April 7, 1998

(13) Quarterly reports for 1998 filed as 10-QSB on May 14, 1998, 10-QSB/A
       on August 20, 1998 and 10-QSB on November 13, 1998. Annual Report
       10K-SB for the period ended December 31, 1998 as filed on March 30,
       1999. Quarterly report 10QSB for the period ended March 31, 1999 as
       filed on May 14, 1999.

(22)   Published reports regarding matters submitted to vote as filed with
       DEF-14A on April 10, 1998 and DEF-14A as filed on April 6, 1999.

(27)   Financial data schedule for electronic filing.

(99.1) Consulting Agreement with Dayton Scott Associates. Inc.

(99.2) Agreement with Baxter Banks & Smith

(99.3) Letter of Intent with Gemini Learning Systems, Inc.

<PAGE>
(b) Reports on Form 8-K

     1. Form 8K filed with the Securities and Exchange Commission on May
27,1999 regarding the name change to Salient Cybertech, Inc.
     2. Form 8K filed with the Securities and Exchange Commission on June
3,1999 regarding the resignation of a Director.
     3. Form 8K/A filed with the Securities and Exchange Commission on May
19,1999 regarding the termination of a letter of intent.


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

                                          SLOAN ELECTRONICS, INC.

Dated August 13, 1999
                                             By: /s/ Paul Sloan
                                              Paul Sloan
                                              President and CEO

Dated August 13, 1999                        By: /s/ Larry Provost
                                              Larry Provost
                                              Chairman and CFO