UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: November 6, 1995
ELECTRONIC SYSTEMS TECHNOLOGY INC.
(A Washington Corporation)
Commission File no. 2-92949-S
(IRS Employer Identification no. 91-1238077)
415 N. Quay St. #4
Kennewick WA 99336
(Address of principal executive offices)
Registrant's telephone number, including area code:(509) 735-9092
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ITEM 5. OTHER EVENTS
On NOVEMBER 6, 1995, the Company issued a press release with summary
financial performance figures for the quarter ending September 30, 1995.
This press release is incorporated by reference and is attached hereto as
Exhibit 99.2.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND
EXHIBITS.
Exhibit 99.2 - Press release issued NOVEMBER 6,1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
ELECTRONIC SYSTEMS TECHNOLOGY, INC.
T.L. KIRCHNER
By: T.L. Kirchner
President
Date: 6 NOVEMBER 1995
EXHIBIT 99.2-Press Release dated November 6, 1995.
PRESS RELEASE
Electronic Systems Technology 509-735-9092(O)
415 N. Quay Street Kennewick WA 99336 509-783-5475(FAX)
EST ANNOUNCES 3rd QTR., 1995 FINANCIAL INFORMATION
KENNEWICK, WASHINGTON - NOVEMBER 6, 1995 - Electronic Systems Technology Inc.
(EST)(OTC:ELST), a manufacturer of wireless communications hardware, today
announced sales and results of operations for the three and nine month
periods ended September 30, 1995.
EST reported record sales for the third quarter of $414,663 compared to
$322,204 for the same quarter in 1994. Net income was $105,824, or $0.02 per
share, compared with net income of $79,336, or $0.01 per share, for the third
quarter of 1994. For the nine month period, EST reported net income of
$218,830 or $0.04 per share on sales of $1,154,290 compared with net income
of $135,817 or $0.03 per share on sales of $889,928 for the same period in
1994.
<TABLE>
Selected Statement of Operations Information
(Unaudited)
<CAPTION>
Three Months Ended Nine Months Ended
Sept 30 Sept 30 Sept 30 Sept 30
1995 1994 1995 1994
------- ------- ------- -------
<S> <C> <C> <C> <C>
Sales $ 414,663 322,204 $1,154,290 889,928
Net income before tax 160,339 120,206 355,545 205,783
Net income 105,824 79,336 218,830 135,817
Weighed average common
shares outstanding 5,396,256 5,369,612 5,396,256 5,396,612
Earnings per Share $ 0.02 0.01 $ 0.04 0.03
</TABLE>
<TABLE>
Selected Balance Sheet Information
(Unaudited)
<CAPTION>
June 30 December 31
1995 1994
------- -----------
<S> <C> <C>
Cash and cash equivalents $ 943,943 769,967
Total current assets 1,825,473 1,483,045
Property & equipment(net) 121,307 104,119
Total assets 1,955,667 1,597,612
Total current liabilities 117,224 33,197
Long-term debt 0 0
Stockholders' equity 1,827,893 1,555,558
</TABLE>
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APPENDIX:
Item no. 1: (graphic material not included in electronic filing format)
The press release was published showing at top left of the press release,
the Electronic Systems Technology, Inc. trademarked company logo, showing a
black square field containing the stylized letters E S T.
