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August 3, 2000a

ZTEST APPOINTS ERNEST RUBENSTEIN AS PRESIDENT

MISSISSAUGA, August 3, 2000 - ZTEST Electronics Inc., ZTST-CDN ("ZTEST"), is pleased to announce that Mr. Ernest Rubenstein was appointed as its President effective August 1, 2000. Mr. Wojciech (Ted) Drzazga, the founder of ZTEST, continues to serve as CEO and Chairman of the Board of the Corporation.

Mr. Rubenstein, a member of The Institute of Chartered Accountants of Ontario and an entrepreneur/consultant for over thirty years, has spearheaded numerous business initiatives that have given him a unique knowledge and ability to guide and administer businesses through the various stages of growth and maturity.

"We are pleased to have an individual of Mr. Rubenstein’s experience assuming a leadership role as we continue to capitalize on opportunities to expand our strategic growth," said Mr.Drzazga "Ernie brings a wealth of executive talent to our management team and we all look forward to working with him".

"I am excited to be part of ZTEST during these times of growth for the company. I look forward to working with the management of all our partners" said Mr. Rubenstein.

ZTEST offers Strategic Partner services in electronic design, development and manufacturing capabilities 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 20,274,831 common shares.

For further information, contact:

Mr. James E. Lalonde
Manager, Corporate Development
ZTEST Electronics Inc.
Tel. (905) 569-3344
http://www.ztest.com

 

This news release may include statements that constitute forward-looking statements. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including risk factors contained in the Company’s disclosure documents.

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