ETC Announces Fourth Quarter And Year End 2012 Results

Electronic Tele-Communications, Inc. (ETC) (Pink Sheets: ETCIA) today reported its fourth quarter 2012 results. Sales for the quarter were $615,667 compared to $486,844 for the 2011 fourth quarter. The net earnings for the quarter were $88,595 or $0.04 per Class A common share, compared to net earnings of $66,223 or $0.03 per Class A common share for the fourth quarter of 2011.

Sales for the 2012 year were $1,994,943 compared to 2011 sales of $1,657,407. The net earnings for 2012 were $189,201 or $0.08 per Class A common share, compared to earnings of $90,002 or $0.04 per Class A common share for 2011.

Commenting on the results, ETC President Dean Danner said, “We are proud to announce that 2012 was ETC’s best year of operating results in many years. Sales were the highest they have been since 2007, and net earnings the highest in over 10 years. Our market segments are improving, and we are generating positive cash flow. These positive results will provide ETC more flexibility in both marketing and engineering. We still have debt to repay and the market remains somewhat erratic and therefore unpredictable, but 2012 was a good year and early indications are that 2013 will be good as well.”

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 services 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.

Electronic Tele-Communications, Inc.
Statements of Operations and Comprehensive Income (Loss):
		(unreviewed)						(unreviewed)
		Three Months Ended						Twelve Months Ended
		December 31						December 31
		2012			2011			2012			2011
Net sales		615,667			486,844			1,994,943			1,657,407
Cost of products sold		277,308			234,254			960,867			840,789
Gross profit		338,359			252,590			1,034,076			816,618
Operating expenses:
General and administrative		92,203			75,831			320,282			267,703
Marketing and selling		69,796			53,559			235,808			210,111
Research and development		81,937			50,718			260,567			220,330
		243,936			180,108			816,657			698,144
Earnings from operations		94,423			72,482			217,419			118,474
Other income (expense)		(5,828	)		(6,259	)		(28,218	)		(28,472	)
Earnings before
income taxes		88,595			66,223			189,201			90,002
Income taxes		0			0			0			0
Net earnings		88,595			66,223			189,201			90,002
Other comprehensive income (loss),
net of tax		(3,114	)		6,495			3,606			(27,784	)
Total comprehensive income (loss)		85,481			72,718			192,807			62,218
Basic and diluted earnings per share:
Class A common		0.04			0.03			0.08			0.04
Class B common		0.04			0.03			0.08			0.04
Weighted average shares outstanding
for basic and diluted		2,509,147			2,509,147			2,509,147			2,509,147
Selected Balance Sheet Data:
		(unreviewed)			(unreviewed)
		Dec 31			Dec 31
		2012			2011
Current assets		695,876			529,731
Total assets		704,447			534,751
Current liabilities		1,061,235			1,040,062
Total liabilities		1,149,802			1,172,913
Stockholders' equity (deficit)		(445,355	)		(638,162	)

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