March 1, 2001 - ZTEST ELECTRONICS INC. Q2 FY2001 RESULTS
MISSISSAUGA, March 1, 2001 - ZTEST Electronics Inc., YZT-CDNX, ZTSTF-OTC BB, ("ZTEST"), is pleased to announce a more than fourteen fold increase in total revenues for the second quarter of fiscal year 2001. During this six-month period ended December 31, 2000, total revenues were $2,905,223 yielding a net income from operations in the amount of $23,749. For the previous year’s six-month period ended December 31, 1999 revenues were $194,032 with a net loss of ($128,899).
ZTEST is very pleased about this increase in sales and profitability for the second quarter of the new fiscal year and management is confident that the Company, through its recent acquisitions and internal growth, is building a solid foundation for greater success and increased shareholder value.
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. James E. Lalonde
Manager, Corporate Development
ZTEST Electronics Inc.
Tel. (905) 569-3344
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.