SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 23, 1998
Sloan Electronics, Inc.
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Exact name of registrant as specified in charter
Delaware 0-28772 35-1990559
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(State or other jurisdiction (Commission (IRS Employer)
of incorporation) File Number) Identification No.)
1715 Stickney Pt. Rd. Suite A-12, Sarasota FL 34231
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (941) 349-6583
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On November 23, 1998 the Board of Directors of Sloan Electronics, Inc.
voted to establish the position of Vice President, Sales, and named
Donald Grimes to the post.
Exhibit 99. Press Release
Sloan Electronics, Inc.
Press Release
For Immediate Release
Sloan Electronics Places VP Donald Grimes In House Arrest!
Sarasota, FL (November 23, 1998) Sloan Electronics, Inc. named
Donald Grimes Vice-President of Sales for Alert 24(tm) criminal
justice products.
Mr. Grimes brings to Sloan Electronics twelve years' experience in
marketing electronic supervision equipment for the corrections
industry. One of the industry's most experienced marketers, he is on
the advisory board of Journal for Offender Monitoring. As VP for
Voxtron, he helped develop and market the first verification system.
As VP Sales and Marketing for Vorec, he took it from start-up to
number one voice verification company with $3 million revenue in 5
years. As VP Sales for Strategic Monitoring, Inc. he grew their sales
from 100 systems to 4,500 in three years.
"What impresses me," Don Grimes said, "is not just the quality of
Sloan's Alert 24(tm) house arrest and violator monitoring systems,
but also their commitment to customer support and satisfaction. Paul
Sloan, the founder and CEO, is an industry legend, who never lost a
site or failed to renew a contract.... Sloan's new Alert 24(tm)
systems are low-cost, securely reliable and easy to use," Grimes
added, "and are positioned for a growing, under-served market
universe."
The criminal justice system increasingly relies on electronic
monitoring to assist traditional parole and probation. Public
insistence on increased law enforcement along with reluctance to fund
prisons makes house arrest using electronic assisted monitoring an
increasingly attractive alternative to costly incarceration. The
correctional population is 2.8% of U.S. adults, growing at 4.5% per
year, according to the US Department of Justice. About 4 million are
on probation or parole - all of whom could be more efficiently
monitored with electronic aids to officers. Of the estimated two
million incarcerated, a substantial non-violent portion could be
detained via electronic house arrest at far less taxpayer cost.
The SEI Alert 24(tm) systems are designed for house arrest, halfway
house and "chainless chain gang" use. The Automated Check In
System(tm) allows probation and parole officers to handle a larger
case load with higher accuracy. Other Sloan products include
WanderWatch(tm) monitoring for Alzheimer patients, and FleetWatch(tm)
vehicle monitoring systems.
Sloan Electronics, Inc., (NASD OTC symbol SLEL) is an electronic
monitoring device manufacturer serving the criminal justice and long-
term health care industry. For more information visit the Sloan
Electronics website at www.seialert24.com, or call Paul Sloan at 1-
941-349-6583.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
Sloan Electronics, Inc.
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(registrant)
Dated Dec. 16, 1998 by:
/s/Paul Sloan
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Paul Sloan
President
