Exhibit 99.1- Press Release
ESTEEM WIRELESS MODEMS
PRESS RELEASE
ELECTRONIC SYSTEMS TECHNOLOGY ANNOUNCES CASH DISTRIBUTION
KENNEWICK, WASHINGTON --- June 2, 2006 --- Electronic Systems Technology, Inc. (EST) (OTCBB: ELST), the manufacturer of ESTeem wireless modems, today announced the Company will issue a one-time, noncumulative, cash distribution to shareholders of record as of June 23, 2006. The distribution will be in the amount of $0.01 per share of common stock for a total amount of $51,537.00, and will be completed by July 17, 2006.
ABOUT EST
Electronic Systems Technology, Inc., a publicly held Company since 1984, was the first to develop the wireless modem and receive the United States and Canadian patents for the technology, has established the ESTeem wireless modem products as a standard for industrial control, federal applications and public safety applications in over 7,000 wireless radio networks worldwide. For more information visit our company web site at www.esteem.com.
This press release may contain forward-looking statements. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from such forward-looking statements as a results of risks and uncertainties, including those described in EST’s 2005 Form 10-KSB and other reports filed with the Securities and Exchange Commission.
Contact EST for more details, market@esteem.com, or 509-735-9092.
(EST) ELECTRONIC SYSTEMS TECHNOLOGY - 509-735-9092 (O)
415 N. QUAY ST. - KENNEWICK, WA 99336 - 509-783-5475 (FAX)
WWW.ESTEEM.COM
