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

To: MostActive who wrote (1271)	7/20/1998 5:57:00 AM
From: Papillon	Respond to of 3458

News: Woodland Hills, Ca - July 20, 1998 -- Turbodyne Technologies Inc. (NASDAQ:TRBDF, EASDAQ:TRBD) announced today that it is engaged in preliminary discussions with several major industrial concerns regarding the possible establishment of a strategic alliance with, and the possible acquisition of a minority interest in Turbodyne by, one or more of those concerns. Turbodyne emphasizes that all of the discussions are in the early stages, and there is no assurance that any of the discussions will result in the consummation of a transaction. Turbodyne Systems, the high technology division of Turbodyne, manufactures, designs, markets and develops patented pollution-reduction, fuel economy and performance enhancing technology for internal combustion engines in the automotive, transportation, construction, marine, agriculture, mining, military and power generation industries. Turbodyne's light metals division is a manufacturer of machined aluminum castings and a leading supplier to the automotive industry, providing $39 million in revenues in 1997. Offices and plants are located in Carpinteria, La Mirada, Encinitas and Woodland Hills, CA; Ensenada and Mexico City, Mexico; Northants, England; Frankfurt, Germany; Vancouver, Canada; and Paris, France. TURBODYNE TECHNOLOGIES INC. "Edward M. Halimi" Edward M. Halimi Chairman