Turbodyne Technologies Inc. (TRBDF) Message Board

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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: current trend who wrote (3441)	5/15/2002 6:02:43 AM
From: Jack Russell	Read Replies (1) of 3458

-------------------------------------------------------------------------------- Turbodyne Announces New Operating Subsidiary CARPINTERIA, Calif., May 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- Turbodyne Technologies, Inc. (OTC Bulletin Board: TRBD) announced today that it has incorporated a new operating subsidiary, Electronic Boosting Systems Incorporated ("EBS") to oversee development and commercialization of the Company's new generation engine air enhancement products. The first prototype units of the Company's new TurboAir(TM) product line have undergone initial in house test and evaluation trials at the Company's plant in Carpinteria. Initial testing indicates that the TurboAir(TM) products will achieve higher efficiency than the Company's predecessor Turbopac(TM) product line. Based on the successful test results the Company is proceeding with the production of 20 units for beta testing purposes. The Company also announced that Mr. Thomas Prusinski has been appointed as the President and Chief Executive Officer of EBS. Mr. Prusinski had over 20 years experience as Senior Power Electronics Packaging Engineer with Raytheon Corporation. Most recently, Mr. Prusinski was Director of Engineering at Magnuson Products (manufacturers of high performance automotive superchargers) prior to joining the Turbodyne team. The Company is also pleased to report that the shares of the Company are now quoted on the NASD Bulletin Board under the symbol TRBD. The annual general meeting of the Company has now been rescheduled. It will be held at the Four Season's Biltmore Hotel in Santa Barbara, California, on Tuesday, July 16, 2002. For more information please contact Mr. Gary Reid at 805-684-4551. Certain matters discussed in this Press Release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

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