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April 25, 1997

ZTEST Electronics Inc. - Company Update

MISSISSAUGA, ONTARIO--ZTEST Electronics Inc., ZTST - CDN, (the "Company") is pleased to announce that it has agreed to accept an offer from Bungamina Investments Inc. to exchange debts of $310,500 for the issuance by the Company of 230,000 units, each unit being comprised of one (1) common share priced at $1.35 per share and one-half (1/2) warrant with each full warrant being good to purchase a further common share at a price of $1.60 until two years from Closing.

The Company, in addition to its proprietary line of Automatic Test Equipment, offers strategic partner services in electronic design and manufacturing to emerging high tech companies in return for long-term manufacturing contracts together with a combination of fees and equity positions.

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