Electronic Systems Technology Inc. Announces 1st Quarter 2014 Financial Information

Electronic Systems Technology Inc. Announces 1st Quarter 2014 Financial Information  KENNEWICK, Wash., May 9, 2014 (GLOBE NEWSWIRE) -- 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 three month period ending March 31, 2014.  EST reported sales for the first quarter 2014 of $499,824 compared to $413,413 for the same quarter in 2013. Gross revenues for the first quarter of 2014 increased to $502,373, compared with gross revenues of $415,402 in the first quarter of 2013. The Company recorded a net loss for the first quarter of 2014 of $(5,950) or $(0.00) per share, compared with a net loss of $(45,612) or $(0.01) per share for the first quarter of 2013.   Selected Statement of Operations Information (Unaudited)                                           Three Months Ended                                           March 31, March 31,                                           2014      2013 Sales                                      $499,824  $413,413 Other Revenues                             2,549     1,989 Gross Revenues                             $502,373  $415,402 Net Income (loss) before tax               (6,190)   (64,373) Net Income (loss)                          (5,950)   (46,612) Weighted average common shares outstanding 5,158,667 5,158,667 Basic Earnings (Loss) per Share            $0.00     $(0.01) Diluted Earnings (Loss) per Share          0.00      (0.01)                                                      Selected Balance Sheet Information (Unaudited)                                           March 31, December 31,                                           2014      2013 Cash and cash equivalents                  $681,952  $896,581 Total current assets                       3,036,170 3,047,690 Property & equipment (net)                 39,600    31,372 Total assets                               3,117,156 3,128,744 Total current liabilities                  61,128    69,011 Long-term debt                             
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