January 3, 2001 - ZTEST ACCEPTS RESIGNATION OF MR. ERNEST RUBENSTEIN

MISSISSAUGA, January 3, 2001 - ZTEST Electronics Inc., YZT-CDNX, ZTSTF-OTC BB, ("ZTEST" or the "Corporation") wishes to announce the receipt and acceptance of a letter of resignation from Mr. Ernest Rubenstein as President of the Corporation, effective immediately. This resignation was mutually agreed upon, as Mr. Rubenstein wished to pursue other opportunities. The Board of Directors of ZTEST wishes Mr. Rubenstein every success in his future endeavours.

Mr. Wojciech Drzazga, CEO and Chairman of the Board of Directors, will assume Mr. Rubenstein’s duties.

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 21,537,834 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.

CDNX HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.