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: MARCH 21, 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
ITEM 5. OTHER EVENTS
On MARCH 21, 1996, the Company issued a press release with summary
financial performance figures for the year ending December 31, 1995.
This press release is incorporated by reference and is attached
hereto as Exhibit 99.4.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND
EXHIBITS.
Exhibit 99.4 - Press release issued MARCH 21, 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.
TOM L. KIRCHNER
By: T.L. Kirchner
President
Date: MARCH 26, 1996
EXHIBIT 99.4 - PRESS RELEASE DATED MARCH 21, 1996
PRESS RELEASE
Electronic Systems Technology 509-735-9092(O)
415 N. Quay Street Kennewick WA 99336 509-783-5475(FAX)
EST ANNOUNCES 1995 FINANCIAL INFORMATION
KENNEWICK, WASHINGTON --- March 21, 1996 --- Electronic Systems
Technology Inc. (EST) (OTC: ELST), a manufacturer of wireless modems,
today announced sales and results of operations for the three and twelve
month periods ended December 31, 1995.
EST reported record sales for 1995 of $1,535,071 compared to $1,197,720
for 1994. Net income for 1995 was $267,709, or $0.05 per share,
compared with net income of $185,940, or $0.04 per share, for 1994. For
the fourth quarter of 1995, EST reported net income of $49,000, or $0.01
per share, on sales of $381,000 compared with net income of $50,000 or
$0.01 per share, on sales of $343,000 for the fourth quarter of 1994.
<TABLE>
SELECTED STATEMENT OF OPERATIONS INFORMATION SUMMARY
<CAPTION>
Three Months Ended Twelve Months Ended
(unaudited)
Dec 31 Dec 31 Dec 31 Dec 31
1995 1994 1995 1994
------- ------- --------- ---------
<S> <C> <C> <C> <C>
Sales $ 381,000 343,000 $ 1,535,071 1,197,720
Net income before tax 49,000 85,000 404,137 290,839
Net Income 49,000 50,000 267,709 185,940
Weighted average common
shares outstanding 5,433,174 5,360,982 5,433,174 5,360,982
Earnings per Share $ 0.01 0.01 $ 0.05 0.04
</TABLE>
<TABLE>
SELECTED BALANCE SHEET INFORMATION
<CAPTION>
Dec 31 Dec 31
1995 1994
-------- --------
<S> <C> <C>
Cash and cash equivalents $1,162,726 769,967
Total current assets 1,857,415 1,483,045
Property & equipment (net) 145,243 104,119
Total assets 2,010,772 1,597,612
Total current liabilities 133,592 33,197
Long-term debt -0- -0-
Stockholders' equity 1,877,180 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.
