June 1, 2001 - ZTEST ELECTRONICS INC. Q3 FY2001 RESULTS

MISSISSAUGA, June 1, 2001 - ZTEST Electronics Inc., YZT-CDNX, ZTSTF-OTC BB, ("ZTEST"), wishes to announce its results for the third quarter of fiscal year 2001.  During this nine-month period ended March 31, 2001, total revenues were $4,490,708 yielding a net income from operations in the amount of $357,370. For the previous year’s nine-month period ended March 31, 2000 revenues were $1,111,560 with a net loss of ($738,419).

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. 

For further information, contact:

Mr. Ted Drzazga 
President & CEO
ZTEST Electronics Inc.
Tel. (905) 238-3543 ext. 230

or visit our web site at 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.