ZTEST Announces Secured Financing

ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSX VENTURE:ZTE) wishes
to announce that it has agreed to refinance and consolidate three outstanding
loans of its wholly owned subsidiary Permatech Electronics Corporation
("Permatech") aggregating approximately $193,000 at a blended interest rate of
11.05% plus a further advanced of $7,000 into a new loan in the amount of
$200,000 for a term of one (5) years at Prime plus 8%, set every 12 months on
April 30, from a non-arm's length lender. Permatech will issue a debenture
secured against its assets repayable on standard commercial terms. As part of
the transaction, ZTEST has agreed to grant to the lender an option to acquire
24% of Permatech from ZTEST for $200,000, subject to regulatory approval. This
transaction is scheduled to close on May 1, 2010.


The lender is a corporation controlled by Joanna Drzazga, the wife of ZTEST's
CEO Ted Drzazga. The insider transaction is exempt from the valuation and
minority shareholder approval requirements of Multilateral Instrument 61-101
("MI61-101") by virtue of the exemptions contain in section 5.5(c) and 5.7(1)
(b) of MI 61-101 in that the fair market value of the consideration for the
securities of the Corporation to be issued to the insider is not more than
$2,500,000.


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.


Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such as changes in demand for and prices for the
products of the Company or the materials required to produce those products,
labour relations problems, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. The reader is cautioned
not to put undue reliance on such forward-looking statements.