ETC Announces First Quarter 2016 Results

May 5, 2016

For Further Information contact: Elizabeth Danner, President
                                 Boni Danner, Vice President
                                 (262) 542-5600 *


WAUKESHA, WISCONSIN, MAY 5, 2016 	OTC – Pink Sheets

Electronic Tele-Communications, Inc. (ETC) today reports first quarter results for 2016. Sales for the quarter were $329,253 compared to $183,110 for the first quarter of 2015. The net earnings for the quarter were $92,849 or $0.04 per Class A common share, compared to a net loss of $170,547 or $0.07 per Class A common share for the first quarter of 2015.

ETC President Elizabeth Danner commented on the results saying, "First quarter equipment sales of the Digicept® Emcee exceeded our estimates. We continue to operate with the cost-reduction controls in effect in the hopes of remaining profitable for the year."

Electronic Tele-Communications supplies voice announcers and Voice Application Platforms to domestic and foreign telephone utilities under the Audichron® and Digicept® brand names. ETC also supports a network of Time Weather and Temperature systems installed throughout the United States. ETC's equipment provides a wide range of audio information and call handling systems via telephone networks, computer networks, and the Internet.

From time to time, information provided by ETC, statements made by its employees, and information included in its press releases and other public statements which are not historical facts are forward-looking in nature and relate to trends and events that may affect our future financial position and operating results. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties including, but not limited to: business conditions in the telecommunications industry, the adverse effects of the recent worldwide recession and the timing and strength of a subsequent recovery, the Company’s ability to achieve adequate sales levels or sufficient cash flow or cash reserves to support operations, technology changes, backlog, status of the economy, government regulations, sources of supply, expense structure, product mix, major customers, competition, litigation, and other risk factors. Investors are encouraged to consider these risks and uncertainties, which may cause the Company’s actual future results to be materially different than those expected in its forward-looking statements. ETC does not undertake to update its forward-looking statements.

- MORE -

Electronic Tele-Communications, Inc.

Statements of Operations:
                                   Three Months Ended
                                        March 31
                                    2016       2015
Net sales                          329,253    183,110
Cost of products sold              144,646    121,216
Gross profit                       184,607     61,894

Operating expenses:
 General and administrative         40,966     78,524
 Marketing and selling              18,114     47,155
 Research and development           27,730    100,378
                                    86,810    226,057

Earnings (loss) from operations     97,797   (164,163)
Other income (expense)              (4,948)    (6,384)

Earnings (loss) before
 income taxes                       92,849   (170,547)
Income taxes                             0          0
Net earnings (loss)                 92,849   (170,547)

Basic and diluted earnings (loss) per share:
  Class A common                      0.04      (0.07)
  Class B common                      0.04      (0.07)

Weighted average shares outstanding
 for basic and diluted           2,509,147  2,509,147

Selected Balance Sheet Data:          (unaudited)
                                   Mar 31     Dec 31
                                    2016       2015
Current assets                     293,195    245,412
Total assets                       311,545    267,546
Current liabilities                746,285  1,020,135
Total liabilities                  971,285  1,020,135
Stockholders' deficit             (659,740)  (752,589)

                                        # # #

Back to Press Releases