PRCC NEWS!!!!
As Penny Paradise mentioned in their newsletter less than one week ago, PRCC announces the suing of Turbodyne. Since Penny Paradise issued a buy on PRCC, the stock is up 60%!!!!
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Here's the news:
Monday October 5, 12:07 pm Eastern Time
Company Press Release
Pollution Research and Control Corp. Announces
Filing of Lawsuit Against Turbodyne Technologies
Inc.
GLENDALE, Calif.--(BUSINESS WIRE)--Oct. 5, 1998--Pollution Research and Control Corp. (Nasdaq:PRCC - news)
Monday announced that it has filed a lawsuit in Los Angeles Superior Court against Turbodyne Technologies Inc.
(''Turbodyne'') (Nasdaq:TRBD - news).
The company alleges that Turbodyne breached an agreement to purchase the company's two subsidiaries, Dasibi
Environmental Corp. and Logan Medical Devices Inc., when it wrongfully repudiated the agreement shortly after signing and
delivering it.
The complaint alleges that Turbodyne's actions constituted breach of contract, a breach of the covenant of good faith and fair
dealing, intentional interference with prospective business advantage and negligent interference with prospective business
advantage.
The complaint seeks compensatory damages in excess of $2 million, punitive damages, declaratory relief, and the appointment
of a special master to oversee the deliberations of Turbodyne's board of directors regarding this matter.
Pollution Research and Control primarily designs, manufactures and markets air pollution measurement instruments and medical
instrumentation, nationally and internationally, through its wholly owned subsidiaries Dasibi Environmental and Logan Medical
Devices.
Contact:
Pollution Research and Control Corp., Glendale
Albert E. Gosselin Jr., 818/247-7601
or
Phoenix Alliance Inc.
Phil Huss, 970/259-7241 |
