ZTEST Electronics Inc.

ZTEST Electronics Inc.

February 18, 2010 12:52 ET

ZTEST Announces Proposed Consolidation of Outstanding Common Shares

NORTH YORK, ONTARIO--(Marketwire - Feb. 18, 2010) - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSX VENTURE:ZTE) wishes to announce that its annual and special meeting of shareholders will be held at the offices of the Corporation on Thursday March 11, 2010 and 1:00 p.m.(the "Meeting"). At the meeting management will be seeking shareholder approval to, among other things, consolidate the outstanding capital of the Corporation on the basis of one (1) post-consolidation common share for up to every twelve (12) outstanding common shares (the "Consolidation"). There are currently 63,151,804 common shares outstanding. Following the Consolidation as proposed there will be 5,262,650 common shares outstanding. The Corporation wishes to undertake the Consolidation to provide additional flexibility in seeking additional financing given the pricing rules on the TSX Venture Exchange. The Consolidation is subject to approval by the shareholders of the Corporation representing at least 2/3rds of the voting shares voting at the Meeting and acceptance by the TSX Venture Exchange. The Corporation will not be changing its name in conjunction with the Consolidation.

About ZTEST Electronics Inc.

ZTEST Electronics Inc., through its wholly-owned subsidiary Permatech, offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Materials Management, Printed Circuit Board (PCB) Assembly, Testing and Design services. Permatech operates from a 20,000 square foot, ISO 9001:2000 certified facility in North York, Ontario, Canada. The company serves customers in the Medical, Power, Computer, Telecommunication, Wireless, Industrial and Consumer Electronics markets requiring high quality, quick-turn, small and medium size production runs.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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