Mr. Steve Smith reports

ZTEST PROVIDES UPDATE ON CONVERSANCE'S CHRONICLE COMMERCE PLATFORM

Conversance Inc., a private Waterloo-based company, in which Ztest Electronics Inc. holds a 25.29-per-cent interest, recently attended the FreightWaves18 conference in Dallas, Tex., where discussions were held with parties that are very interested in how blockchain might profitably aid their business operations.

FreightWaves is the leading go-to source for information about the freight markets and is cited as original material by many of the largest news sites in the world, including Bloomberg, Washington Post, Wall Street Journal, Reuters, NY Times, CNBC, TechCrunch, Wired, Forbes and Fortune.

Freight markets are under attack from digitization, volatility, regulations, and cyclical and secular trends. Market participants need near-real-time analytics and commentary about the overall market. FreightWaves is a data and content forum that provides market participants with near-real-time analytics on the state of the freight market and tools that provide actionable outcomes.

Many people believe that data have replaced oil as the world's most significant resource. In today's information-driven world, where everything can be recorded and communicated digitally, instantly and for free, data could lead corporations to extremely valuable, actionable insights. However, this presumes that the data that have been recorded and communicated are mostly, or completely, correct, usable, findable and controllable. Most current blockchain offerings have foundational challenges and limitations, including transaction speed, block size and security.

Conversance's proprietary distributed ledger platform, Chronicle, can overcome these limitations. Chronicle has been designed from the ground up as a platform over which data can be trusted, monetized and transacted at scale.

Joseph Chen, chief executive officer of Conversance, commented: "Conversance has entered into discussions with several large corporations for building proofs of concept on the Chronicle platform to address their diverse range of data implementation needs. These proofs of concept shall provide revenue opportunities for Conversance and these pilot projects are scheduled to commence in 2019."

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 Electronics also holds a 25.29-per-cent equity interest in Conversance.

We seek Safe Harbor.