ETC Announces 2019 Year End Results

March 18, 2020

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


WAUKESHA, WISCONSIN, March 18, 2020 	OTC – Pink Sheets

Electronic Tele-Communications, Inc. (ETC) today reports its year end 2019 results. Sales for 2019 were $527,508, compared to sales for 2018 of $566,755. The net earnings for 2019 were $8,709, or $0.00 per Class A common share, compared to $33,537 for 2019, or $0.01 per Class A common share.

ETC President Elizabeth Danner commented on the results saying, "While equipment sales for 2019 met expectations, a reduction in service revenue led to a net sales decrease. Even with that reduction, we were able to remain profitable for the year. We are continuing 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:
                                      (unreviewed)          (unreviewed)
                                    Three Months Ended   Twelve Months Ended
                                        December 31          December 31
                                     2019       2018       2019        2018
Net sales                          147,895    126,003     527,508    566,755
Cost of products sold               66,408     49,454     267,688    259,926
Gross profit                        81,487     76,549     259,820    306,829

Operating expenses:
 General and administrative         17,110     17,228     111,518    121,572
 Marketing and selling               9,140      9,660      39,227     39,850
 Research and development           13,402     21,854      79,618     92,400
                                    39,652     48,742     230,363    253,822

Earnings from operations            41,835     27,807      29,457     53,007
Other income (expense)              (5,515)    (4,942)    (20,748)   (19,470)

Earnings before income taxes        36,320     22,865       8,709     33,537
Income taxes                             0          0           0          0
Net earnings                        36,320     22,865       8,709     33,537

Basic and diluted earnings per share:
  Class A common                      0.01       0.01        0.00       0.01
  Class B common                      0.01       0.01        0.00       0.01

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
                                    2019       2018
Current assets                     218,553    227,567
Total assets                       223,156    233,695
Current liabilities                693,696    652,944
Total liabilities                  693,696    712,944
Stockholders' equity (deficit)    (470,540)  (479,249)

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