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

To: whyretire who wrote (2338)	12/20/1998 5:29:00 PM
From: Nathan Hansen	Read Replies (4) \| Respond to of 3458

I don't how many investors care about Asensio, but I'll post this link for those who care: 207.102.98.109 Wonder what his track record will be going forward???

To: whyretire who wrote (2338)	12/20/1998 5:55:00 PM
From: StockDung	Read Replies (1) \| Respond to of 3458

Oh, you must mean this Russia contract. But the big news is a contract to sell 10,500 units to the TransBusiness Group of Moscow for $30.6 million, with delivery expected within 12 months. That's a huge contract for a company Turbodyne's size. How can it guarantee the Russians will pay? Turbodyne Vice Chairman Leon Nowek says the United Nations is acting as an intermediary with the World Bank and banks in other countries. Adding punch to the story: Turbodyne recently announced it's in "preliminary" discussions for a strategic alliance or selling a minority interest in the company to one or more "industrial concerns." Petty impressive until you take a look at Turbodyne's background. The company evolved from a Vancouver Stock Exchange shell called Clear View Ventures, which was run by Nowek ========================================================== August 26, 1998 Turbodyne continues to promote non-existing UN endorsement. The United Nations Development Programme ("UNDP") has denied that it endorses Turbodyne Technologies, Inc.'s (NASDAQ Symbol: TRBD) technology or related financing. The UNDP has also confirmed that it did not authorize any Turbodyne press releases claiming UNDP or UN Flag Technology Program ("UNFTP") endorsement. Despite these conclusive statements Turbodyne continues to mention the UNDP regularly in its stock promotion programs. In an August 17, 1998 release Turbodyne's Chairman claimed he spent 10 days traveling with Joseph Ben-Dak of the UNDP. Mr. Joseph Ben-Dak has not been a UNDP official since April 1, 1997. Even after the UNDP's condemnation, Turbodyne continues to claim it was awarded a UNFTP endorsement and its Internet site contains an audio interview of Mr. Halimi where he claims that the UN is assisting Turbodyne. At least one other group of penny stock promoters received a UNFTP designation after Mr. Ben-Dak's April 1, 1997 departure from the UNDP. On February 19, 1998 InvestAmerica, Inc. (NASDAQ/BB Symbol: INVT) announced that in December 1997 its Supramics process received UNFTP designation. In addition, on August 4, 1997 Capella Computers Ltd. announced that it had also received UNFTP designation. The release referred to Joseph D. Ben-Dak as the director of the UNDP's Global Technology and Business Group.