Shawshank, VA 5/16/2011 (PennyPayDay) -- Electronic Systems Technology Inc. (OTC: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, 2011.EST reported sales for the first quarter 2011 of $533,220 compared to $555,029 for the same quarter in 2010. Gross revenues for the first quarter of 2011 decreased to $540,101, compared with gross revenues of $558,576 in the first quarter of 2010. The Company recorded net income for the first quarter of 2011 of $489, or $0.00 per share, compared with net income of $35,372 or $0.01 per share for the first quarter of 2010.
ESTeem Wireless Modems manufacturers the complete line of ESTeem(TM) wireless products. The ESTeem Wireless Modems are available in High Speed Wireless Ethernet, Unlicensed Spread Spectrum and Licensed Narrow Band Serial in the VHF and UHF radio communication bands.
For more information, please visit: www.esteem.com.
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