November 25, 2004 - ZTEST ANNOUNCES DEBT FINANCING

NORTH YORK, November 25, 2004 - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSXVE - "ZTE") wishes to advise that it is offering up to $195,000 in unsecured convertible debentures (the "Debentures") bearing interest at the rate of 8% per annum for 2 years. The Debentures shall be convertible into units at the rate of one (1) unit for each $0.06 of Debenture converted with each unit consisting of one (1) common share and one share purchase warrant entitling the holder to acquire a further common share at a price of $0.10 per share for a period of two years. ZTEST shall pay a finder's fee of up to $15,600 in respect of this transaction.

This transaction is subject to the approval of the TSX Venture Exchange.

For more information contact: 

Ted Drzazga, CEO 
(416) 297-5155 
email: info@ztest.com 

TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.