NORTH YORK, ONTARIO – EMS firm ZTEST Electronics is offering shares in the company in an effort to raise funds.

The placement will be for up to 1.8 million units at $0.075 per unit, or $135,000 total. Each unit is comprised of one common share and one-half a share purchase warrant, with each full share purchase warrant entitling the holder to acquire a common share of the corporation at $0.10 for five years following closing.

ZTEST will pay a 4% cash finder’s fee on the gross proceeds raised in the offering.

J.T. Risty Ltd., an insider of the corporation, intends to subscribe for up to one million units of the offering for proceeds of up to $75,000. Risty currently owns 745,790 common shares, 14.2% of the firm. As a result of this proposed transaction, Risty will hold up to 27.88% of outstanding capital of nearly 6.3 million common shares.

Insiders other than Risty may subscribe for up to 800,000 units for up to $60,000.

CUPERTINO, CA -- Apple this week is again addressing concerns over its role in the spate of suicides at its largest manufacturing supplier.

VANCOUVER -- Micro-tier EMS firm Pacific Insight Electronics swung to a fiscal second-quarter net loss of $166,000, one year after turning in a profit of $23,000.

COPENHAGEN – Sypris Electronics is opening Sypris Europe, its wholly owned subsidiary here.

Sypris Europe will have primary responsibility for developing and sustaining emerging market needs in Europe, Asia and the Middle East, as they relate to information assurance and cyber security. The office also will support the firm’s network of international distributors and agents. 

Sypris Europe will offer services for the European defense and aerospace industry, including NATO and the EU. The subsidiary will support Sypris Solutions, Sypris Technologies and Sypris Electronics. 

Michael Stokes, who headed international business development efforts in Tampa, will lead the subsidiary as managing director.