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: August 11, 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 AUGUST 11, 1995, the Company issued a press release with summary financial
performance figures for the quarter ending June 30, 1995. This press release
is incorporated by reference and is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND
EXHIBITS.
Exhibit 99.1 - Press release issued AUGUST 11,1995.
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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: 11 August 1995
EXHIBIT 99.1-Press Release dated August 11, 1995.
PRESS RELEASE
Electronic Systems Technology 509-735-9092(O)
415 N. Quay Street Kennewick WA 99336 509-783-5475(FAX)
EST ANNOUNCES 2nd QTR., 1995 FINANCIAL INFORMATION
KENNEWICK, WASHINGTON - AUGUST 11, 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 six month periods
ended June 30, 1995.
EST reported sales for the second quarter of $477,487 compared to $305,074
for the same quarter in 1994. Net income was $89,345, or $0.02 per share,
compared with net income of $42,853, or $0.01 per share, for the second
quarter of 1994. For the six month period, EST reported net income of
$113,005 or $0.02 per share on sales of $739,626 compared with net income of
$56,481 or $0.01 per share on sales of $567,724 for the same period in 1994.
<TABLE>
Selected Statement of Operations Information
(Unaudited)
<CAPTION>
Three Months Ended Six Months Ended
June 30 June 30 June 30 June 30
1995 1994 1995 1994
------- ------- ------- -------
<S> <C> <C> <C> <C>
Sales $ 477,487 305,074 $ 739,626 567,724
Net income before tax 159,355 64,930 195,205 85,577
Net income 89,345 42,853 113,005 56,481
Weighed average common
shares outstanding 5,357,078 5,371,667 5,357,078 5,371,667
Earnings per Share $ 0.02 0.01 $ 0.02 0.01
</TABLE>
<TABLE>
Selected Balance Sheet Information
(Unaudited)
<CAPTION>
June 30 December 31
1995 1994
------- -----------
<S> <C> <C>
Cash and cash equivalents $ 1,033,776 769,967
Total current assets 1,698,962 1,483,045
Property & equipment(net) 115,632 104,119
Total assets 1,823,940 1,597,612
Total current liabilities 90,914 33,197
Long-term debt 0 0
Stockholders' equity 1,722,476 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.
