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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (5760)	1/23/1999 3:02:00 PM
From: RockyBalboa	Respond to of 122087

Floyd, that's the sort of news I wanted to hear... After relentless bashing of shorters by the TTO hypesters, said sues of Mr.A by the company and frequent press releases in Germany luring unwitting people into the stock it is said and done. The measures taken by both EASDAQ and NASD can't be undone any more. I feel great relief. Note that the company itself claims that the allegations are baseless. However, in the press release they completely fail to respond in particular to the allegations made by the surveillances. The plot thickens...stay tuned. FOR IMMEDIATE RELEASE Turbodyne Announcement Woodland Hills, CA - January 22, 1999 - Turbodyne Technologies Inc. (NASDAQ: TRBD, EASDAQ: TRBD) announced today that trading in its shares on the Easdaq Market as well as the Nasdaq SmallCap Market has been halted. Easdaq has advised the Company of its initiation of disciplinary proceedings against the Company. Nasdaq has advised the Company of its initiation of proceedings relating to a possible delisting of the Company's shares. The Company has arranged for a hearing with Nasdaq relating to this matter and intends to request a hearing with Easdaq relating to the potential withdrawal of admission to trading in that market. Management of the Company strongly believes that it will make a compelling presentation for continued listing. [A compelling presentation? 'Nother dog'n-pony show? Wow, thats nice a firm presenting for the next centuries? Still not heard enough folks?] Turbodyne Systems, the Engine and Pollution Technology Division of Turbodyne, designs, develops, manufactures 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; New York, NY; Ensenada and Mexico City, Mexico; Vancouver, Canada; Northants, England; Paris, France; and Frankfurt, Germany. Turbodyne's worldwideweb address is: www.turbodyne.com Contact: Mark White, Investor Relations, (800) 350-2031 Peter Kitzinski, General Manager Turbodyne Europe, 49-69-975-44-501 Peter Weichselbraun, Corporate Communications, (800) 566-1130 With the exception of the historical information contained in this news release, the matters discussed above 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 ability of the Company to prepare a comprehensive and detailed response to Nasdaq and Easdaq within the time permitted by these authorities. The failure of any of these factors would cause actual results to differ materially from the forward-looking statements discussed above. C.