EST Announces Second Quarter 1997 Financial Information.

KENNEWICK, Wash.--(BUSINESS WIRE)--Aug. 15, 1997--Electronic Systems Technology Inc. (EST)(OTC:ELST), a manufacturer of wireless modems, today announced sales and results of operations for the three and six month periods ended June 30, 1997.

EST reported sales for the second quarter 1997, of $230,866 compared to $293,704 for the same quarter in 1996. Net income was $3,004, or $0.0005 per share, compared with net income of $62,851 or $0.01 per share, for the second quarter of 1996. For the six month period, EST reported net income of $22,696 or $0.004 per share on sales of $546,894 compared with net income of $118,162 or $0.02 per share on sales of $645,760 for the same period in 1996. -0-

               Selected Statement of Operations Information
                            (Unaudited)

                            Three Months Ended    Six Months Ended
                                June 30,               June 30,
                             1997       1996       1997      1996

Sales                       $230,866    293,704  $546,894   645,760
Net income before tax          4,554     95,229    34,389   180,848
Net income                     3,004     62,851    22,696   118,162
Weighted average
 common shares
 outstanding               5,469,897  5,463,948 5,469,897 5,463,948
Earnings per Share          $ 0.0005       0.01  $  0.004      0.02


               Selected Balance Sheet Information
                         (Unaudited)

                                     June 30        Dec. 31
                                       1997          1996

Cash and cash equivalents          $1,378,899    $ 1,413,182
Total current assets                1,947,597      1,892,302
Property & equipment (net)            138,932        141,210
Total assets                        2,095,827      2,042,709
Total current liabilities             110,735         30,775
Long-term debt                            -0-            -0-
Stockholders' equity                1,985,092      2,011,934

-0-

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: Electronic Systems Technology

Tom L. Kirchner, 509/735-9092

www.esteem.com