ZTEST ANNOUNCES CLOSING OF EQUIPMENT FINANCING

NORTH YORK, May 4, 2009 - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSXVE - "ZTE") is pleased to announce that further to its press release of April 2, 2009, its operating subsidiary, Permatech Electronics Corp. ("Permatech"), has acquired production equipment comprised of surface mount assembly machinery including Siemens F5 and S27 SMT placement systems (the "Equipment"). The new Equipment has been installed and is fully operational.

The acquisition was funded pursuant to a Loan Agreement dated April 23, 2009. ZTEST issued 2 debentures secured against the Equipment in the amount of $997,500 at a blended interest rate of 8.8%. One of the lenders was granted an option to acquire 24% of Permatech from ZTEST for $200,000. ZTEST issued 2,800,000 bonus common shares to one of the lenders subject to resale restriction until September 2, 2009.

About ZTEST Electronics Inc. 
ZTEST Electronics Inc., through its wholly-owned subsidiary Permatech, offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Materials Management, Printed Circuit Board (PCB) Assembly, Testing and Design services. Permatech operates from a 20,000 square foot, ISO 9001:2000 certified facility in North York, Ontario, Canada. The company serves customers in the Medical, Power, Computer, Telecommunication, Wireless, Industrial and Consumer Electronics markets requiring high quality, quick-turn, small and medium size production runs.

For more information contact: 

Ted Drzazga, CEO 
(416) 297-5155 
email: info@ztest.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.