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 19, 1996
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 19, 1996, the Company issued a press release with summary
financial performance figures for the quarter ending September 30, 1996.
This press release is incorporated by reference and is attached
hereto as Exhibit 99.13.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND
EXHIBITS.
Exhibit 99.13 - Press release issued November 19,1996.
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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: November 19, 1996
EXHIBIT 99.13 - PRESS RELEASE ISSUED November 19, 1996
PRESS RELEASE
ELECTRONIC SYSTEMS TECHNOLOGY
415 N. QUAY STREET
KENNEWICK, WA 99336
509-735-9092 (O)
509-783-5475 (FAX)
EST ANNOUNCES 2nd QUARTER 1996 FINANCIAL INFORMATION
KENNEWICK, WASHINGTON --- November 19, 1996 --- Electronic Systems Technology
Inc. (EST) (OTC: ELST), a manufacturer of wireless modems, today announced
sales and results of operations for the three and nine month periods ended
September 30, 1996.
EST reported sales for the third quarter of 1996 in the amount of $259,919
compared to $414,663 for the same quarter in 1995. Net income was $20,395,
or $0.004 per share, compared with net income of $105,824, or $0.02 per share,
for the third quarter of 1995. For the nine month period, EST reported net
income of $138,557 or $0.03 per share on sales of $905,680 compared with net
income of $218,830 or $0.04 per share on sales of $1,154,290 for the same
period in 1995.
<TABLE>
Selected Statement of Operations Information
(Unaudited)
<CAPTION>
Three Months Ended Nine Months Ended
Sept 30, Sept 30, Sept 30, Sept 30,
1996 1995 1996 1995
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Sales $ 259,919 $ 414,663 $ 905,680 $1,154,290
Net income before tax 30,902 160,339 211,750 355,545
Net Income 20,395 105,824 138,557 218,830
Weighted average common
shares outstanding 5,475,339 5,396,256 5,457,339 5,396,256
Earnings per Share $ 0.004 $ 0.02 $ 0.03 $ 0.04
</TABLE>
<TABLE>
<CAPTION>
Selected Balance Sheet Information
(Unaudited)
Sept 30, December 31,
1996 1995
---------- ------------
<S> <C> <C>
Cash and cash equivalents $1,345,891 $1,162,726
Total current assets 1,891,298 1,857,415
Property & equipment (net) 148,194 145,243
Total assets 2,047,304 2,010,772
Total current liabilities 55,548 133,592
Long-term debt -0- -0-
Stockholders' equity 1,991,756 1,877,180
</TABLE>
www.esteem.com
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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.
