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

To: Steven Meadows who wrote (2035)	10/2/1998 9:03:00 AM
From: Rob Davis	Read Replies (1) \| Respond to of 3458

Friday October 2, 8:41 am Eastern Time Company Press Release SOURCE: Turbodyne Technologies Inc. Turbodyne Receives Shipment Order WOODLAND HILLS, Calif., Oct. 2 /PRNewswire/ -- Turbodyne Technologies Inc. (Nasdaq: TRBD - news, EASDAQ - news) announced today that it has received the first shipment order of Turbopac(TM) products pursuant to the terms of the purchase order from the TransBusiness Group of Moscow, Russian Federation. This shipment order includes one thousand units of Turbopac(TM) model 1500, three hundred units of Turbopac(TM) model 2200 and one hundred units of Turbopac(TM) model 2500. The aggregate export value of this shipment is US$2,095,000. Payment for the shipment will be through Direct Bank to Bank Financing and appropriate Export Credit Guaranty. Per the terms of the agreement with the TransBusiness Group, Turbodyne Application Engineers will assist in the installation of the products on the TransBusiness fleet of vehicles and train the Russian Engineers for installations and servicing the products. Turbodyne Systems, the Engine Technology Division of Turbodyne, develops, manufactures, designs and markets patented pollution-reduction, fuel economy and performance enhancing products 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; Vancouver, Canada; Northants, England; Paris France and Frankfurt, Germany. Please visit Turbodyne's website. The world wide web address is: turbodyne.com. 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 and other factors detailed from time to time in the company's SEC reports, including its 1997 Form 20-F. SOURCE: Turbodyne Technologies Inc.