ZTEST Electronics Inc.

ZTEST Electronics Inc.

August 19, 2005 16:01 ET

ZTEST Announces Debt Settlement

NORTH YORK, ONTARIO--(CCNMatthews - Aug. 19, 2005) - ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSX VENTURE:ZTE) wishes to announce that it has entered into an agreement with one of its senior officers to settle $41,045.31 in debt owed to that officer in consideration for the issuance of 328,362 common shares priced at $0.125 per share. This transaction is subject to the approval of the TSX Venture Exchange.

About ZTEST Electronics Inc.

ZTEST Electronics Inc., thru its wholly owned subsidiary Permatech Electronics Corp. ("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.

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

Contact Information