EXHIBIT 2.1 - Form 8-K dated November 17, 1998

            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:  November 17, 1998
 



                      ELECTRONIC SYSTEMS TECHNOLOGY INC.
                          (A Washington Corporation)

                        Commission File no. 2-92949-S
                 IRS Employer Identification no. 91-1238077

                             415 N. Quay St. #4
                            Kennewick  WA  99336
                   (Address of principal executive offices)


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




























<PAGE>
ITEM 5.  OTHER EVENTS

On November 17, 1998, the Company issued a press release with summary financial
performance figures for the quarter ending September 30, 1998.  This press
release is incorporated by reference and is attached hereto as Exhibit 99.7.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS,      
              AND EXHIBITS. 

Exhibit 99.7 -  Press release issued November 17, 1998.

	
















































<PAGE>
                                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 here unto duly authorized.
 
                               ELECTRONIC SYSTEMS TECHNOLOGY, INC.


                               /s/   T.L. KIRCHNER  

                               By: T.L. Kirchner
                               President
                               Date: November 23, 1998 













































<PAGE>
EXHIBIT 99.7 - PRESS RELEASE ISSUED NOVEMBER 17, 1998

PRESS RELEASE

ELECTRONIC SYSTEMS TECHNOLOGY
415 N. QUAY STREET
KENNEWICK, WA 99336
509-735-9092 (O)
509-783-5475 (FAX)

        EST ANNOUNCES 3rd QUARTER 1998 FINANCIAL INFORMATION

KENNEWICK, WASHINGTON --- November 17, 1998 --- Electronic Systems Technology 
Inc. (EST) (OTC: ELST), a manufacturer of wireless modems, today 
announced sales and results of operations for the three and nine month 
periods ended September 30, 1998.

EST reported sales for the third quarter 1998 in the amount of $250,562
compared to $366,869 for the same quarter in 1997.  Net income was $9,817, or
$0.002 per share, compared with net income of $70,995, or $0.01 per share,
for the third quarter of 1997.  For the nine month period, EST reported net
income of $82,093 or $0.01 per share on sales of $967,678 compared with net
income of $93,691 or $0.02 per share on sales of $913,763 for the same period in
1997.   
<TABLE>
               Selected Statement of Operations Information
                               (Unaudited)
<CAPTION>
                              Three Months Ended          Nine Months Ended
                            Sept 30        Sept 30       Sept 30     Sept 30
                              1998           1997          1998        1997
                            --------       --------      --------    --------
<S>                        <C>            <C>           <C>         <C>
Sales                      $  250,562     $  366,869    $  967,678  $  913,763
Net income before tax          14,874        107,567       124,384     141,956
Net Income                      9,817         70,995        82,093      93,691
Weighted average common
     shares outstanding     5,567,612      5,480,843     5,567,612   5,480,843
Basic Earnings per Share   $    0.002           0.01    $     0.01        0.02
Diluted Earnings per Share $    0.002           0.01    $     0.01        0.02
</TABLE>
<TABLE>
<CAPTION>
                    Selected Balance Sheet Information
                               (Unaudited)

                                                Sept 30    December 31
                                                   1998           1997 
                                               --------    -----------
<S>                                           <C>            <C>
Cash and cash equivalents                     $1,485,478     $1,466,760
Total current assets                           2,082,364      2,065,479
Property & equipment (net)                       120,315        132,924
Total assets                                   2,234,403      2,205,811
Total current liabilities                         73,248         77,213
Long-term debt                                       -0-            -0-
Stockholders' equity                           2,161,155      2,128,598
</TABLE>
Electronic Systems Technology, a publicly held Company since 1984, was 
the first Company to develop the wireless modem and receive the United 
States and Canadian patent for this technology.

Contact EST for more details.
                              www.esteem.com