Electronic Systems Technology, Inc. Announces 2012 Financial Results

  Electronic Systems Technology, Inc. Announces 2012 Financial Results

Business Wire

KENNEWICK, Wash. -- March 29, 2013

Electronic Systems Technology Inc. (EST) (OTCQB:ELST), dba ESTeem Wireless
Modems, the manufacturer of the ESTeem product line of wireless modems, today
announced sales and results of operations for the twelve-month period ended
December 31, 2012.

EST reported sales for 2012 of $2,113,816, compared to $1,791,741 for 2011,
reflecting an increase of 18% from 2010. Net Profit for 2012 was $24,122, or
$0.00 per share, compared with a Net Loss of $(129,990), or $(0.03) per share,
for 2011.


Selected Statement of Operations Information Summary

                                      Twelve Months Ended
                                          December 31         December 31
                                                         
                                          2012                2011
Sales                                     $ 2,113,816         $ 1,791,741
Net income (loss) before tax                50,522              (187,453  )
Net Income (loss)                           24,122              (129,990  )
Weighted average common
                                            5,158,667           5,158,667
shares outstanding
Basic Earnings (loss) per Share           $ 0.00              $ (0.03     )
Diluted Earnings (loss) per Share         $ 0.00              $ (0.03     )
                                                                          


Selected Balance Sheet Information

                                   Dec 31              Dec 31
                                              
                                   2012                2011
Cash and cash equivalents          $ 818,497           $ 1,227,490
Total current assets                 2,923,777           2,913,327
Property & equipment (net)           42,272              54,358
Total assets                         2,993,724           3,023,360
Total current liabilities            45,701              100,114
Long-term debt                       -0-                 -0-
Stockholders' equity                 2,993,724           2,915,446
                                                         

Electronic Systems Technology, a publicly held Company since 1984, was the
first Company to develop the wireless modem and receive the United States and
Canadian patent for this technology. Contact EST for more details.

Contact:

Electronic Systems Technology Inc.
Mike Eller, 509-735-9092
www.esteem.com