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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: current trend who wrote (3437)	4/17/2001 10:44:57 AM
From: StockDung	Respond to 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 The Market Authority has withdrawn its claim against the Company.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.

To: current trend who wrote (3437)	7/17/2001 12:40:59 AM
From: current trend	Read Replies (1) \| Respond to of 3458

Turbodyne Announces Major Management Changes CARPINTERIA, Calif., July 16 /PRNewswire/ -- Turbodyne Technologies, Inc. (OTC: TRBD - news) announced that its eleven-member Board of Directors has resigned in favor of a new three-man Board consisting of German investors Dieter Neujeffski and Lars Neujeffski, and their associate, Albert Wierz. The retiring Board took its action in the belief that the new team would be better able to put back on a stable footing the company's troubled joint-development program with Honeywell as well as to meet the company's pressing financial needs. A company spokesman stated that the Board is selecting a new Chief Executive Officer and Chief Financial Officer, and expects to announce appointments to those offices at an early date. Honeywell, with whom Turbodyne has an agreement for the joint development and commercialization of Turbodyne's technology, recently commenced arbitration proceedings to terminate the agreement, citing financial, managerial and operational difficulties on Turbodyne's part over the past 18 months. However, Turbodyne's new management and Honeywell have established a dialogue to resolve Honeywell's concerns by agreement, and a restructuring of Turbodyne's operations to accomplish that result, including layoffs and new hires, primarily in the engineering sector, and other changes, is now in progress. Meanwhile, the joint-development program is continuing, including the supplying of parts by Turbodyne to Honeywell. Turbodyne Technologies, Inc. is a California-based high-technology company specializing in the development of charging technology for internal combustion engines and the development and manufacturing of high-tech assemblies for electrically assisted turbochargers and superchargers. Its headquarters is located in Carpinteria, California and its European office is located in Frankfurt, Germany.