NORTH YORK, ONTARIO--(Marketwired - Jan 10, 2014) - ZTEST Electronics Inc. (the "Company") (TSX VENTURE:ZTE) wishes to announce that it has received $200,000 from two non-arm's length lenders (the "Lenders") pursuant to the unsecured Equipment Term Loan announced in its press release dated December 23, 2013. An aggregate of 400,000 bonus warrants to purchase common shares of the Company at $0.10 per share until October 31, 2017 have been issued to the Lenders as partial consideration for the loan. The securities have been legended and are restricted from trading until May 11, 2014.
About ZTEST Electronics Inc.
ZTEST Electronics Inc., through 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 9001:2008 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.