ZTEST EXPANDS SALES REACH BY RETAINING X TRONICS AS CANADIAN SALES REPRESENTATIVE
NORTH YORK, March 14, 2002 - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (CDNX - "YZT") wishes to announce that its wholly owned subsidiary, Permatech Electronics Corp. ("Permatech") of North York, Ontario, an ISO 9002 certified Electronic Manufacturing Services (EMS) provider, has retained X Tronics ("Xtronics") of Downsview, Ontario, as its sales representative in Canada. The agreement is effective immediately, for an indefinite term, subject to cancellation by either party on 60 days notice.
Permatech has recently expanded its production capacity and capability by acquiring pick-and-place equipment from Siemens. This equipment allows Permatech to service customers requiring placement of Ball Grid Array (BGA) and ultra fine pitch components in their products. The company is also planning to expand its sales outside of Ontario and Quebec, and to selected areas in the United States.
"We look forward to working with Xtronics, an organization experienced in selling services that are highly complementary to our own," commented Mr. John Perreault, Permatech's President. "This arrangement will allow us to maximize our increased production capacity. I also expect Xtronics to help us win new customers in different industries and geographic areas."
Mr. Rick Fischer, X Tronics's President also commented: "Permatech's offering is the ideal expansion of our product line. Its advanced technology capability, established track record and commitment to quality meets our selection criteria. Furthermore, Permatech's Canadian customers are based primarily in Ontario and Quebec and we plan to introduce customers from all across Canada. With sales offices in Vancouver, Toronto and Montreal, Xtronics is well positioned to give Permatech Canada-wide presence."
About Permatech Electronics Corp.
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