December 18, 2002 - ZTEST ANNOUNCES STOCK OPTION GRANTS
NORTH YORK, December 18, 2002 - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (CDNX - "YZT") wishes to announce that on December 17, 2002 ZTEST granted 900,000 options at a price of $0.10 per share, valid until December 17, 2007, to the following persons, subject to regulatory approval by the TSX Venture Exchange:
|Name||Position with ZTEST||Number of Options|
|Wojciech Drzazga||Chief Executive Officer||200,000|
|William J. Brown||Director||75,000|
|K. Michael Guerriero||Director||75,000|
|Donald G. Nurse||Director||75,000|
|William R. Johnstone||Secretary||75,000|
|Michael D. Kindy||Chief Financial Officer||50,000|
The exercise price of the options was based on the closing price of the common shares of ZTEST on December 17, 2002 being $0.07.
For more information contact Investor Relations:
Flora Wood and Philip Williams
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.