June 8, 2000 - FORM 20-F REGISTRATION STATEMENT ACCEPTED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
ZTEST Electronics Inc., ZTST - CDN, ("ZTEST") wishes to announce that the United States Securities and Exchange Commission ("SEC") has confirmed that it has accepted ZTEST’s Form 20-F Registration Statement.
The Form 20-F allows foreign corporations to register securities with the SEC pursuant to section 12(g) of the Securities Exchange Act of 1934. ZTEST has previously filed "blue sky" documentation in the United States with various states and with Standard & Poor’s Corporation for manual listing. ZTEST’s registration of its stock in the United States will allow its shares to be solicited and traded by licensed brokers in the United States in compliance with Securities and Exchange Commission Regulations and "blue sky" requirements in various states in the United States.
As a result of the filing of the 20-F, ZTEST will be obligated to file continuous disclosure documentation with the SEC and will be obligated to prepare a reconciliation of its financial statements to generally accepted accounting principles in the United States ("US GAAP").
ZTEST offers Strategic Partner services in electronic design, development and manufacturing to emerging high tech companies in return for long-term manufacturing contracts, fees for services and equity positions.
For further information, please contact Mr. James E. Lalonde, Manager, Corporate Development, at (905) 569-3344 or visit our website at http://www.ztest.com.
The current outstanding capital of ZTEST is 18,872,566 common shares.
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.