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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
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)
December 31, 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. 0002858481 Page 2 of 6
(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 (7) Sole Voting Power 442,365 Shares
Beneficially Owned
by Each Reporting (8) Shared Voting Power 0 Shares
Person With
(9) Sole Dispositive Power 442,365 Shares
(10) Shared Dispositive Power 0 Shares
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
442,365 Shares
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares / /
(13) Percent of Class Represented by Amount in Row (11)
8.93%
(14) Type of Reporting Person
PN
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Common Stock CUSIP No. 0002858481 Page 3 of 6
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
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.
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Common Stock CUSIP No. 0002858481 Page 4 of 6
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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On July 30, 1999, August 31, 1999 and December 31, 1999, the Reporting
Person used the limited partners' capital contributions to purchase a
total of 109,365 Shares of Common Stock for a total purchase price of
$39,461.43.
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 442,365 Shares of
Common Stock which represent approximately 8.93% of the 4,953,667
Shares of Common Stock outstanding as of September 30, 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-QSB Quarterly Report dated as of November 4, 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 442,365 Shares.
(c) The Reporting Person purchased on the market 12,000 Shares of Common
Stock of Electronic Systems Technology, Inc., on July 30, 1999, at
$.3625 per Share, 34,300 Shares of Common Stock of Electronic Systems
Technology, Inc., on August 31, 1999, at approximately $.36 per Share,
and 63,065 Shares of Common Stock of Electronic Systems Technology,
Inc., on December 31, 1999, at approximately $.36 per Share.
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Common Stock CUSIP No. 0002858481 Page 5 of 6
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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Common Stock CUSIP No. 0002858481 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.
January 21, 2000 EDCO PARTNERS LLLP
/s/ Vern D. Kornelsen
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Vern D. Kornelsen, General Partner
