Message #14 From:
NewsBot Date: November 13, 2006 10:42:00 AM
ELST News Electronic Systems Technology Announces 3rd Quarter 2006 Financial Information
KENNEWICK, Wash.--(BUSINESS WIRE)--Electronic Systems Technology Inc. (EST) (OTCBB: ELST), a
manufacturer of wireless modems, today announced sales and results of
operations for the three and nine month periods ended September 30, 2006.
EST reported sales for the third quarter of 2006 of $635,531 compared to
$650,195 for the same quarter in 2005. Net Income for the third quarter
was $53,724, or $0.01 per share, compared with Net Income of $80,947, or
$0.02 per share, for the third quarter of 2005. For the nine-month
period, EST recorded net income of $62,979 or $0.01 per share on sales
of $1,764,334 for the nine month period ended September 30, 2006,
compared with a net income $86,193 or $0.02 per share on sales of
$1,780,378 for the same period in 2005.
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.
