Pause & ready led blink alternatly after initilize

To change font in Epson LX-300+ Printer is as follows :

Step 1
Switch on the Printer.

Step 2
Hold the Pause Button for 3 Seconds (until you here a beeb sound).

Step 3
Now you see the pause LED blinks, now you press Font button to change the font (you here beeb sound on change of each font).

Step 4
After selecting the font press pause button once.

Step 5
Thats it now your font has been changed.

try this

Manual reset methods several EPSON Stylus Color. Actually there are two methods to reset epson printers counter, that is using software resetter such as adjustment program or SSC service utility or using manual by combination pressing button on the printer. If Reset using software resetter you can follow the way of usage the software but sometimes software resetter for the printer is not available. The only way to reset the printer if software resetter not available you can use manual reset.
The Following manual reset for some EPSON Stylus Color Printers:
1. EPSON Stylus Color
Pressing and holding ALT+FONT+LOAD+PAUSE buttons combination
press POWER button
Release all buttons
2. EPSON Stylus Color 300
3. EPSON Stylus Color 400, 600
Pressing and holding LOAD/EJECT and CLEANING buttons
press POWER button and hold it until you will see blinking INK OUT and PAPER OUT leds
Release all buttons
In 2-3 seconds time press LOAD/EJECT and CLEANING buttons again.
4. EPSON Stylus Color 440, 640, 740, 460, 660, 670, 760, 860, 880, 1160
Pressing and holding LOAD/EJECT and CLEANING buttons
press POWER button and hold it until You will see blinking INK OUT and PAPER OUT leds.
Release all buttons.
In 2-3 seconds time press and hold CLEANING button, until all leds will blink.
5. EPSON Stylus Color 680
Pressing and holding LOAD/EJECT and CLEANING buttons,
press POWER button and hold it until You will see blinking INK OUT and PAPER OUT leds.
Release all buttons.
In 2-3 seconds time press and hold LOAD/EJECT button, until all leds will blink.
6. EPSON Stylus Photo 785, 895
Pressing and holding Maintenance and Roll Paper buttons
press POWER button, You will see blinking Error led.
Release all buttons.
In 2-3 seconds time until led is blinking press and hold for 10-12 seconds Roll Paper button, until all leds will blink.
7. EPSON Stylus Photo 890, 1280, 1290
Pressing and holding Maintenance and Roll Paper buttons, press POWER button, You will see blinking Power led
Release all buttons
In 2-3 seconds time until led is blinking press and hold for 10-12 seconds Roll Paper button, until all leds will blink
In 2-3 seconds time press LOAD/EJECT and CLEANING buttons again.
8. EPSON Stylus Color 800, 850
Pressing and holding LOAD, CLEANING Color and CLEANING Black buttons
press POWER button and hold it until You will see blinking INK OUT and PAPER OUT leds.
Release all buttons.
In 2-3 seconds time press and release CLEANING Color button, You will see leds blinking.
9. EPSON Stylus Color 900, 980
Pressing and holding LOAD/EJECT and CLEANING buttons
press POWER button, You will see blinking INK OUT led
Release all buttons
In 2-3 seconds time press and hold CLEANING button for 10-12 seconds.
10. EPSON Stylus Color 3000
Pressing and holding PAUSE, LF/FF and DOWN ARROW buttons
turn on printer.
Release all buttons.

Reset your Printer by following these steps for your Printer Model:

EPSON Stylus Color 900, 980
Pressing and holding LOAD/EJECT and CLEANING buttons, press POWER button, You will see blinking INK OUT led.
Release all buttons.
In 2-3 seconds time press and hold CLEANING button for 10-12 seconds.
EPSON Stylus Color 3000
Pressing and holding PAUSE, LF/FF and DOWN ARROW buttons turn on printer.
Release all buttons.
EPSON Stylus Photo 785, 895
Pressing and holding Maintenance and Roll Paper buttons, press POWER button, You will see blinking Error led.
Release all buttons.
In 2-3 seconds time until led is blinking press and hold for 10-12 seconds Roll Paper button, until all leds will blink.
EPSON Stylus Photo 890, 1280, 1290
Pressing and holding Maintenance and Roll Paper buttons, press POWER button, You will see blinking Power led.
Release all buttons.
In 2-3 seconds time until led is blinking press and hold for 10-12 seconds Roll Paper button, until all leds will blink.

hi sir, this is the link for the service manual of Epson FX-1170 printer. click the link below and download it.. i hope it would be of great help to you.
http://www.devicemanuals.com/guide/Service%20and%20Repair/Epson/Epson-FX-1170-Printer-Service-Manual-==TXpFeE5ERXc=.html
kindly rate me.. thanks for using fixya..

What you want fx-1170 pannel prices or the Panel of ex-540 if you are looking for panle for FX- it will cost30 USD and you have to order for this . I thing You mean Front panel board.....

ei!!! do you have a solution in your problem already?? I also have the same problem like yours.
Can you help me??
this is raymund..

Replace the communication cable (parallel cable).