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July 28,1999

Ztest Announces Tender of Shares of Uniqrypt Technologies Inc. To A Take-Over Bid

TORONTO, ONTARIO--ZTEST Electronics Inc., ZTST - CDN, ("ZTEST") wishes to announce that it has tendered its 1,900,500 shares of Uniqrypt Technologies Inc. ("Uniqrypt") to a take-over bid made by Uniqrypt.Com Inc. for all of the issued and outstanding common shares of Uniqrypt. The offer was made on the basis of one common share of Uniqrypt.Com Inc. for each share of Uniqrypt tendered. As a result of tendering to his offer, ZTEST suffered a dilution of 8.41 percent.

Uniqrypt.Com Inc. is a Nevada corporation and currently does not trade publicly. However, Uniqrypt.Com Inc. is seeking to be publicly traded in the U.S. market.

ZTEST offers Strategic Partner services in electronic design, development and manufacturing to emerging high tech companies in return for long-term manufacturing contracts, fees for services and equity positions.

The current outstanding capital of ZTEST is 15,376,316 common shares.

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