November 21, 2000 - ZTEST ELECTRONICS INC. Q1 FY2001 RESULTS
MISSISSAUGA, November 21, 2000 - ZTEST Electronics Inc., YZT-CDNX, ZTSTF-OTC BB, ("ZTEST"), is pleased to announce more than a ten fold increase in total revenues for the first quarter of fiscal year 2001. During this three-month period ended September 30, 2000, total revenues were $1,242,363 yielding a net income from operations in the amount of $59,280. For the previous year’s three-month period ended September 30, 1999 revenues were $98,334 with a net loss of ($147,516).
ZTEST is very pleased about this increase in sales and profitability for the first 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.
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
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.