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

To: NotNeiderhoffer who wrote (2727)	1/22/1999 12:59:00 PM
From: StockDung	Respond to of 3458

Asensio & Company: Turbodyne Stock Halted by Market Authorities NEW YORK, Jan. 22 /PRNewswire/ -- The following is being issued by Asensio & Company, a member of the National Association of Securities Dealers, CRD number 31742. The EASDAQ Market Authority has initiated a halt of trading in Turbodyne Technologies, Inc. (Nasdaq/EASDAQ: TRBD). The Nasdaq Stock Market has also halted trading in conjunction with the EASDAQ halt. The halt will remain in effect on the EASDAQ until the close of the market on February 3, 1999. The EASDAQ Market Authority plans to initiate disciplinary proceedings against Turbodyne for allegedly issuing a number of press releases which contained false or misleading price sensitive information to the market. Turbodyne has failed to issue a press release regarding the halt. Asensio & Company disclosed through its research reports that the alleged technology that Turbodyne claimed to have billions of U.S. dollars in sales potential was merely an electric-motor-driven supercharger acquired for $500,000 in penny-stock. Asensio & Company also discovered that Turbodyne had issued false statements concerning the United Nations Flag Technology Program. Asensio & Company is a named defendant in a complaint filed by Turbodyne which claims Asensio's reports to be false. Asensio & Company believes Turbodyne devised this complaint as a last ditch effort to perpetuate their schemes. Asensio & Company is a New York based institutional investment bank specializing in corporate valuations and equity research. Asensio & Company also specializes in investigating fraudulent stock promotions and publishing research on grossly overvalued companies. Asensio & Company's published research reports, including a copy of our report on Turbodyne Technologies, Inc. and a complete record of Asensio & Company's previous Strong Sell reports, are available on Asensio & Company's internet home page located at www.asensio.com. This report should not be construed as an offer to sell or solicitation of an offer to buy any securities. Opinions expressed are subject to change without notice. This report has been prepared from original sources and data which Asensio & Company believes to be reliable but accuracy is not guaranteed. This research report was prepared by Asensio & Company, Inc. whose stockholders, officers and employees may from time to time acquire, hold or sell a position in the securities mentioned herein. Asensio & Company, Inc. may act as principal for its own account or may sell or buy to or from its customers the securities described herein. Asensio & Company, Inc. may from time to time perform investment banking or other services for, or solicit investment banking or other business from any company mentioned in this report or its affiliates. SOURCE Asensio & Company Inc. CO: Asensio & Company Inc.; Turbodyne Technologies, Inc. ST: New York IN: SU: 01/22/99 10:19 EST prnewswire.com