ETC Announces Fourth Quarter and Year End 2018 Results

March 20, 2019

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


WAUKESHA, WISCONSIN, March 20, 2019 	OTC – Pink Sheets

Electronic Tele-Communications, Inc. (ETC) today reports its fourth quarter and year end 2018 results. Sales for the quarter were $126,003 compared to $129,753 for the fourth quarter of 2017. The net earnings for the quarter were $22,865 or $0.01 per Class A common share, compared to $19,009 or $0.00 per Class A common share for the fourth quarter 2017. Sales for 2018 were $566,755, compared to $587,845 for 2017. The net earnings for 2018 were $33,537, or $0.01 per Class A common share, compared to net earnings of $40,549, or $0.02 per Class A common share for 2017.

ETC President Elizabeth Danner commented on the results saying, "While sales were down slightly from 2017, we were able to maintain profitability for the third straight year. We continue to monitor operations and sales in an effort to remain profitable going forward."

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 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.

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Electronic Tele-Communications, Inc.
Statements of Operations (Loss):
                                      (unreviewed)          (unreviewed)
                                    Three Months Ended   Twelve Months Ended
                                        December 31          December 31
                                     2018       2017       2018        2017
Net sales                         $126,003   $129,753    $566,755   $587,845
Cost of products sold               49,454     48,765     259,926    259,291
Gross profit                        76,549     80,988     306,829    328,554

Operating expenses:
 General and administrative         17,228     29,562     121,572    130,042
 Marketing and selling               9,660      7,945      39,850     38,633
 Research and development           21,854     19,601      92,400    100,060
                                    48,742     57,108     253,822    268,735

Earnings from operations            27,807     23,880      53,007     59,819
Other income (expense)              (4,942)    (4,871)    (19,470)   (19,270)

Earnings before income taxes        22,865     19,009      33,537     40,549
Income taxes                             0          0           0          0
Net earnings (loss)                $22,865    $19,009     $33,537    $40,549

Basic and diluted earnings per share:
  Class A common                     $0.01      $0.01       $0.01      $0.02
  Class B common                     $0.01      $0.01       $0.01      $0.02

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

Selected Balance Sheet Data:
                                    Dec 31     Dec 31
                                    2018       2017
Current assets                    $227,567   $252,048
Total assets                       233,695    262,086
Current liabilities                652,944    654,872
Total liabilities                  712,944    774,872
Stockholders' equity (deficit)    (479,249)  (512,786)

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