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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: current trend who wrote (3437)4/17/2001 10:44:57 AM
From: StockDung   of 3458
 
Nasdaq Europe Market Authority Announces the Withdrawal of Admission to Listing of the Shares of Turbodyne Technologies, Inc.

On February 7, 2001, EASDAQ's - now known as Nasdaq Europe - Market Authority
announced, through a Regulatory Announcement, that it had decided to launch
disciplinary proceedings against Turbodyne Technologies Inc.( ""Turbodyne"" or
the ""Company"") for failing to comply with its obligations as a Nasdaq Europe
Listed Company.

In accordance with Chapter 12 of the (then EASDAQ) Rule Book, a notice of
claim was served on the Company on February 5, 2001.

On April 9, 2001, the Company requested a voluntary withdrawal of admission
to listing of its shares on the Nasdaq Europe market. Such request was
granted by the Market Authority on April 10, 2001. The Market Authority has
withdrawn its claim against the Company.

The withdrawal of admission to listing of the shares of the Company will be
effective as of the closure of the Nasdaq Europe market on April 17, 2001.

Inquiries regarding this announcement should be directed to Maggie Kelly in
London on 44-20-7825-5512.
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