19:48:33 EDT Thu 28 Mar 2024
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Ztest Electronics Inc (2)
Symbol ZTE
Shares Issued 20,173,696
Close 2018-04-06 C$ 0.50
Market Cap C$ 10,086,848
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Ztest's Drzazga to resign as president, chairman, CEO

2018-04-11 09:47 ET - News Release

Mr. Ted Drzazga reports

ZTEST ANNOUNCES RESIGNATION OF CEO

Ted Drzazga, president and chief executive officer of Ztest Electronics Inc., will be resigning as chairman, president, chief executive officer and a director of Ztest, effective June 15, 2018. Mr. Drzazga will continue operating the company's wholly owned subsidiary, Permatech Electronics Corp., in the capacity of chief executive officer of Permatech. The board of directors wishes to thank Mr. Drzazga for his more than 20 years of service to the company as chief executive officer and look forward to dealing with him in his continuing role at Permatech. The board of directors will be embarking upon a search for a new chief executive officer in the near future.

Further to its press release of Jan. 31, 2018, relating to the closing of the first tranche of its financing, the company did not sell any further working capital units and wishes to advise that the financing has been terminated.

About Ztest Electronics Inc.

Ztest Electronics, through its wholly owned subsidiary, Permatech Electronics, offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes materials management, printed circuit board (PCB) assembly, and testing and design services. Permatech operates from a 20,000-square-foot, ISO 9001:2008-certified facility in North York, Ont. Ztest also holds a 25.29-per-cent equity interest in Conversance Inc.

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