SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 12, 1999
TURBODYNE TECHNOLOGIES INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21391 95-4699061
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
21700 Oxnard Street, Suite 1550
Woodland Hills, CA 91367
(Address of Principal Executive Offices)
(818) 593-2282
(Registrant's Telephone Number)
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ITEM 5. OTHER EVENTS
Reference is made to Registrant's press release issued on January 12, 1999,
which contains information meeting the requirements of this Item 5, and which is
incorporated herein by this reference. A copy of the press release is attached
to this Form 8-K as Exhibit 99.1.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
January 14, 1999 TURBODYNE TECHNOLOGIES INC.
By: /S/ KHAL A. KADER
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Khal A. Kader
Chief Financial Officer
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EXHIBIT INDEX
Exhibits Page Number
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99.1 Press Release dated January 12, 1999.
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EXHIBIT 99.1
WOODLAND HILLS, CA -- Jan. 12, 1999 -- Turbodyne Technologies Inc. (Nasdaq:TRBD,
Easdaq:TRBD) announced that it has made application to the British Columbia
Securities Commission for an order that the Company is deemed to have ceased to
be a reporting issuer under the British Columbia Securities Act. The Company is
proceeding with the application in order to be removed from the reporting
obligations imposed on the Company as a reporting issuer under the British
Columbia Securities Act. The Company is of the view that the obligations imposed
by the British Columbia Securities Act cause the Company to incur an expense
that is disproportionate to the benefits to shareholders of complying with the
requirements of being a reporting issuer in British Columbia. Turbodyne is a
reporting Company, filing its quarterly and annual reports with the Securities
and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of
1934 (the "Act"). The application and any order granted by the British Columbia
Securities Commission will have no impact on the Company's reporting and filing
requirements under the Act. Shareholders of the Company who are residents of
British Columbia will continue to receive copies of all disclosure materials
filed with the Securities and Exchange Commission and that are distributed to
shareholders of the Company pursuant to the Company's obligations under the Act.
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 world wide web address is www.turbodyne.com
Certain matters discussed in this Press Release may constitute forward-looking
statements within the Private Securities Litigation Reform Act of 1995 and, as
such, may involve known and unknown risks and uncertainties and other factors
that may cause the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance on the
forward-looking statements made in this Press Release.
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
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