NORTH YORK, ONTARIO--(Marketwire - Sept. 14, 2012) - ZTEST Electronics Inc. (the "Company") (ZTE.V) wishes to announce that an aggregate of 300,000 options to purchase common shares of the Company at $0.10 per share for five years have been granted to four (4) directors (210,000) and two (2) senior officers (90,000) of the Company.
The grants are subject to acceptance by the TSX Venture Exchange.
The Company is also pleased to report that at the Annual General and Special Meeting of Common shareholders held on September 12, 2012, shareholders elected the following directors individually: Wojciech Drzazga, John Perreault, K. Michael Guerreiro and Brian Michael Hiscott, approved the appointment of MSCM LLP, Chartered Accountants, as auditors of the Company and increased shares reserved under the Company's Stock Option Plan by 361,467 shares. At the joint Special Meeting of Common Shareholders and Class A Shareholders, shareholders approved the conversion of 1,193,442 Class A Shares into approximately 99,454 Common Shares on the basis of one (1) Common Share for each twelve (12) currently issued and outstanding Class A Shares.
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 9001:2008 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.