8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: May 14, 2008

ELECTRONIC SYSTEMS TECHNOLOGY INC.
(A Washington Corporation)

Commission File no. 000-27793
IRS Employer Identification no. 91-1238077

415 N. Quay St. Bldg B1
Kennewick WA 99336
(Address of principal executive offices)

Registrant's telephone number, including area code:(509) 735-9092

ITEM 8.01. OTHER EVENTS

On May 14, 2008, the Company issued a press release announcing financial information for the three month period ended March 31, 2008. The press release is included by reference and is hereby attached as exhibit 99.1

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1 - Financial Information Press Release issued May 14, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ELECTRONIC SYSTEMS TECHNOLOGY, INC.

/s/ JON CORREIO

By: Jon Correio
Vice President, Finance and Administration
Date: May 16, 2008

EX-99

Exhibit 99.1- Press Release

ESTEEM WIRELESS MODEMS

PRESS RELEASE  

ELECTRONIC SYSTEMS TECHNOLOGY INC. ANNOUNCES
1st QUARTER 2008 FINANCIAL INFORMATION

KENNEWICK, WASHINGTON --- May 14, 2008 --- Electronic Systems Technology, Inc. (EST) (OTCBB: ELST), a manufacturer of wireless modems, today announced sales and results of operations for the three month period ending March 31, 2008.

EST reported sales for the first quarter 2008, of $580,137 compared to $674,557 for the same quarter in 2007.  Gross revenues for the first quarter of 2008 decreased to $598,832, compared with gross revenues of $693,129 in the first quarter of 2007.  The Company recorded a Net Loss for the first quarter of 2008 of $36,240, or ($0.01) per share, compared with Net Income of $66,569 or $0.01 per share for the first quarter of 2007.  

Selected Statement of Operations Information Summary (Unaudited)
	Three Months Ended
	March 31 2008	March 31 2007
Sales	$ 580,137	674,557
Other Revenues	18,695	18,572
Gross Revenues	$ 598,832	$ 693,129
Net income (loss) before tax	(46,640)	84,469
Net Income (loss)	(36,240)	66,569
Weighted average common shares outstanding	5,155,645	5,153,667
Basic Earnings (Loss)per Share	$( 0.01)	$ 0.01
Diluted Earnings (Loss) per Share	$( 0.01)	$ 0.01

Selected Balance Sheet Information (Unaudited)
	March 31 2008	December 31 2007
Cash and cash equivalents	$ 1,205,240	$ 1,.479,985
Total current assets	3,165,135	3,295,827
Property & equipment (net)	138,774	147,441
Total assets	3,341,049	3,477,208
Total current liabilities	146,082	248,860
Long-term debt	-0-	-0-
Stockholders' equity	3,148,967	3,179,348

Contact Jon Correio at Electronic Systems Technology, Inc. for additional information.

(EST) ELECTRONIC SYSTEMS TECHNOLOGY - 509-735-9092 (O)
415 N. QUAY ST. - KENNEWICK, WA 99336 - 509-783-5475 (FAX)
WWW.ESTEEM.COM