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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
Electronic Systems Technology, Inc..
(Name of Issuer)
Common Stock
(Title of Class of Securities)
0002858481
(CUSIP Number)
Vern D. Kornelsen, General Partner
EDCO Partners LLLP
4605 Denice Drive, Englewood, CO 80111 (303) 796-9192
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 12, 1999
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box: / /.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Common Stock CUSIP No.
(1) Names of Reporting Persons
EDCO Partners LLLP
I.R.S. Identification Nos. of Above Persons (entities only)
84-1151470
(2) Check the Appropriate Box if a Member of a Group
(a) / /
(b) / /
(3) SEC Use Only
(4) Source of Funds
Capital contributions of limited partners
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
(6) Citizenship or Place of Organization
Colorado
Number of
Shares Beneficially (7) Sole Voting Power 333,000 Shares
Owned by
Each Reporting Person (8) Shared Voting Power 0 Shares
With
(9) Sole Dispositive Power 333,000 Shares
(10) Shared Dispositive Power 0 Shares
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
333,000 Shares
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares / /
(13) Percent of Class Represented by Amount in Row (11)
6.7%
(14) Type of Reporting Person
PN
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Statement of
EDCO PARTNERS LLLP
Pursuant to Section 13(d) of the
Securities Exchange Act of 1934
in respect of
ELECTRONIC SYSTEMS TECHNOLOGY, INC.
(Commission File No. 2-92949-S)
ITEM 1. SECURITY AND ISSUER
EDCO Partners LLLP, (the "Reporting Person") hereby submits this
statement with respect to the shares (the "Shares") of the Common Stock (the
"Common Stock") of Electronic Systems Technology, Inc. (the "Issuer")
beneficially owned by the Reporting Person. The Issuer's principal executive
offices are located at 415 N. Quay Street, Kennewick, Washington 99336.
ITEM 2. IDENTITY AND BACKGROUND
The Reporting Person, EDCO Partners LLLP, is a limited partnership
organized under the laws of the state of Colorado, with its principal office
located at 4605 Denice Drive, Englewood, Colorado 80111. The Reporting Person is
in the business of acquiring shares of capital stock to be held for long term
investment. During the last five years, the Reporting Person has not been
convicted in a criminal proceeding and has not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
wherein the Reporting Person was subject to a judgment, decree or final order
enjoying future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
Vern D. Kornelsen, an individual residing at 4605 Denice Drive,
Englewood, Colorado 80111, is the general partner of EDCO Partners LLLP. During
the last five years, Mr. Kornelsen has not been convicted in a criminal
proceeding and has not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction wherein Mr. Kornelsen was subject
to a judgment, decree or final order enjoying future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. Mr. Kornelsen is a citizen
of the United States.
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On July 12, 1999, the Reporting Person used the limited partners'
capital contributions to purchase 98,100 Shares of Common Stock for a total
purchase price of $36,327.02.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person purchased securities of the issuer for investment
purposes. Items 4(a)- (j) are inapplicable to the Reporting Person.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Person presently beneficially owns 333,000
Shares of Common Stock which represent approximately 6.7% of
the 4,953,667 Shares of Common Stock outstanding as of July
12, 1999. The total number of Shares outstanding and the
percentage held by the Reporting Person are based on the
representations of the Issuer contained in the Form 10-KSB
Annual Report dated as of January 29, 1999.
Vern D. Kornelsen, who is listed in Item 2, does not
beneficially own any shares of the Issuer.
(b) The Reporting Person, acting through Vern D. Kornelsen, as the
general partner, has the sole power to vote or direct the
vote, and sole power to dispose or to direct the disposition
of the 333,000 Shares.
(c) The Reporting Person purchased on the market 8,000 Shares of
Common Stock of Electronic Systems Technology, Inc., on June
4, 1999, at approximately .35375 per Share, 15,000 Shares of
Common Stock of Electronic Systems Technology, Inc., on June
30, 1999, at approximately $.352 per Share, and 98,100 Shares
of Common Stock of Electronic Systems Technology, Inc., on
July 12, 1999, at $.3703 per Share.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None.
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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Page 6 of 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
July 27, 1999 EDCO PARTNERS LLLP
/s/ Vern D. Kornelsen
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Vern D. Kornelsen, General Partner
