Electronic Systems Technology Inc. (OTCPK:ELST) announces a share repurchase program. Under the program, the company will repurchase up to $0.1 million worth of its common stock. The shares will be repurchased at a price of $0.38 per share.

The repurchases will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. The company expects to finance the purchases with existing cash balances. The stock repurchase plan does not obligate the company to acquire any particular amount of common stock.

The program may be discontinued or suspended at any time without prior notice. There is no fixed termination date for this repurchase program.