Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MostActive who wrote (1349)	7/27/1998 5:52:00 AM
From: Tom Kash	Respond to of 3458

Over $15 here we come!!!

To: MostActive who wrote (1349)	7/27/1998 7:30:00 AM
From: MostActive	Read Replies (1) \| Respond to of 3458

Company Announcement : Turbodyne Becomes a U.S. Based Corporation Woodland Hills, Ca - July 27, 1998 -- Turbodyne Technologies Inc. (NASDAQ:TRBDF, EASDAQ:TRBD) announced today it has completed the domestication process into the United States from Canada, making Turbodyne a United States company, incorporated in the State of Delaware. "Becoming a U.S. company is certainly a milestone for Turbodyne," said Chairman Edward M. Halimi. "This is a natural move for us, since a substantial amount of Turbodyne's operations, and its corporate headquarters, are based in California." Management expects the company's shares to begin trading on the NASDAQ exchange without the "F", or foreign designation, by the end of the week. The new trading symbol will be TRBD, the same symbol it now trades under on the EASDAQ exchange. "Management believes that this change will provide a larger marketplace, improved visibility and greater flexibility for Turbodyne's common shares and expects that it will attract new investors who might previously have been prevented from investing in foreign companies," continued Halimi. 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. 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's world wide web address is : turbodyne.com Contacts: Mark White, Turbodyne Investor Relations, 800-350-2031 Tom Laughran, The Investor Relations Company, 847-564-5610 Meredith Lefforge, Media Relations, 800-350-2031 Except for the historical information contained in this news release, the matters discussed herein include forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ from those indicated in the forward-looking statements are the availability and acceptance of the Turbodyne products, the impact of competitive products and pricing, the performance by the company under existing purchase contracts and the ability to obtain new contracts, the ability of the company to contain expenses, conditions within the global automotive market, general economic conditions, and political changes both domestically and overseas.