Electronic Systems Technology, Inc. Announces 2000 Financial Information.

Business Editors/High Tech Writers

KENNEWICK, Wash.--(BUSINESS WIRE)--March 27, 2001

Electronic Systems Technology Inc. (EST) (OTCBB:ELST), a manufacturer of wireless modems, today announced sales and results of operations for the three and twelve month periods ended December 31, 2000.

EST reported sales for 2000 of $1,310,524 compared to $1,239,390 for 1999. Reflecting increase of 6% from 1999 sales levels. Net income for 2000 was $23,944, or $0.004 per share, compared with net income of $52,301, or $0.01 per share, for 1999. For the fourth quarter of 2000, EST reported a net loss of $4,713, or Nil per share, on sales of $289,160 compared with net income of $64,751 or $0.01 per share, on sales of $452,014 for the fourth quarter of 1999.

         Selected Statement of Operations Information Summary

                      Three Months Ended          Twelve Months Ended
                           (unaudited)
                       Dec 31      Dec 31         Dec 31        Dec 31
                         2000        1999           2000          1999
                     --------    --------       --------      --------
Sales               $ 289,160     452,014    $ 1,310,524     1,239,390
Net income
 (loss)
 before tax          ( 7,140)      84,423         29,410        65,559
Net Income
 (loss)              ( 4,713)      64,751         23,944        52,301

Weighted average
 common shares
 outstanding        5,636,064   5,539,749      5,636,064     5,539,749
Basic Earnings
 (loss) per Share   $(  0.00)        0.01      $   0.004          0.01
Diluted Earnings
 (loss) per Share   $(  0.00)        0.01      $   0.004          0.01

                  Selected Balance Sheet Information

                                           Dec 31             Dec 31
                                             2000               1999
                                       ----------         ----------
Cash and cash equivalents              $1,452,287         $1,624,728
Total current assets                    2,225,136          2,153,118
Property & equipment (net)                175,722            145,123
Total assets                            2,407,871          2,307,715
Total current liabilities                  99,725             62,963
Long-term debt                                -0-                -0-
Stockholders' equity                    2,308,146          2,244,752