ZTEST ANNOUNCES MOVE TO TIER 2 AND DEBT SETTLEMENT
NORTH YORK, January 2, 2003 - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSXVE - "ZTE") wishes to advise that effective Friday, January 2, 2003, the Corporation commenced trading on Tier 2 of the TSX Venture Exchange under the symbol ZTE
The Corporation also wishes to announce that it has entered into agreements with its five directors to settle a total of $15,750 owed to the directors for fees and expenses in consideration for the issuance of 157,500 common shares of ZTEST priced at $0.10 per share. This transaction is subject to the approval of the TSX Venture Exchange.
For more information contact:
Ted Drzazga, CEO
TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
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