/EINPresswire.com/ -- NORTH YORK, ONTARIO -- (Marketwired) -- 03/24/16 -- ZTEST Electronics Inc. (the "Company") (CSE: ZTE) wishes to announce that Management has decided not to proceed with the expansion of the business of Permatech Electronics Corp., the Company's operating subsidiary, into a wider geographic area at this time and has abandoned the previously announced private placement (see the Press Release dated February 29, 2016).

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.

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
ZTEST Electronics Inc.
Ted Drzazga
CEO
(416) 297-5155
info@ztest.com