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

To: Mama Bear who wrote (3003)	3/8/1999 7:17:00 PM
From: Mike C2	Respond to of 3458

Short bears to get caught in better mousetrap(?)... I mean electronically assisted turbocharging system I asked last fall if the following was going to bite into TRBD's future: alliedsignal.com:80/corporate/media_kit/press_releases/1998/nov11a_98.html With 15 billion in annual turnover and turbocharging systems approaching 1 billion, ALD decides that the future of advanced electronic-assist turbocharging lies with TRBD's technology? It would be nice to know if the hydraulic system is going to be scrapped or will have different applications? MikeC

To: Mama Bear who wrote (3003)	3/8/1999 7:25:00 PM
From: Harpo	Respond to of 3458

Barb, Some News from Yahoo, Maybe they can pay 'em with stock. Monday March 8, 2:02 pm Eastern Time Company Press Release Turbodyne Release WOODLAND HILLS, Calif.--(BUSINESS WIRE)--March 8, 1999--Turbodyne Technologies Inc. (Nasdaq:TRBD - news; EASDAQ:TRBD) reported that on March 3, 1999 in the matter of the binding arbitration between Grand Technologies Inc. and the Company arising out of the exclusive distributorship agreement entered into between the Company and Grand in June 1996, the arbitrator has determined that the Company is liable to Grand for damages in the amount of approximately $6.65 million as a result of negligent misrepresentation, breach of contract and breach of a purchase order. The Company strongly denies any wrongdoing and will vigorously seek judicial review to have this award vacated as the Company believes that the arbitrator exceeded his powers. There can be no assurance that the Company will be successful in this effort. 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/or plants are located in Carpinteria, La Mirada, Encinitas and Woodland Hills, Calif.; New York; Ensenada and Mexico City, Mexico; Vancouver, British Columbia; Paris; and Frankfurt, Germany. Turbodyne's World Wide Web address is: www.turbodyne.com. -------------------------------------------------------------------------------- Contact: Turbodyne Technologies Mark White, 800/350-2031 (investor relations) Peter Kitzinski, 49-69-975-44-501 (Europe) Peter Weichselbraun, 800/566-1130 --------------------------------------------------------------------------------