Electronic Systems Technology Inc. Announces 1st Quarter 2008 Financial Information

Business Wire,  May 14, 2008  

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KENNEWICK, Wash. -- Electronic Systems Technology Inc. (EST) (OTCBB: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, 2008.

EST reported sales for the first quarter 2008, of $580,137 compared to $674,557 for the same quarter in 2007. Gross revenues for the first quarter of 2008 decreased to $598,832, compared with gross revenues of $693,129 in the first quarter of 2007. The Company recorded a Net Loss for the first quarter of 2008 of $36,240, or ($0.01) per share, compared with Net Income of $66,569 or $0.01 per share for the first quarter of 2007.

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