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Exhibit 99.1
TURBODYNE REPORTS THE SALE OF ITS LIGHT METALS DIVISION
CARPINTERIA, CA - JANUARY 4, 2000 - Turbodyne Technologies Inc. (EASDAQ:TRBD)
reported today that on December 14, 1999 the Bankruptcy Court entered an order
approving the sale of substantially all of the assets of Pacific Baja Light
Metals Corporation ("PBLM"), Debtor in a pending Chapter 11 case, to Hawthorne
Partners II, LLC or its assignee ("Hawthorne"). The order required the sale to
close on or before December 31, 1999. The order also authorized Hawthorne to
take control of PBLM's operations as of December 13, 1999. While the decision
for the sale has been made binding, the financial details are in the process of
being finalized.
Turbodyne Technologies Inc., a California based high technology company,
specializes in the development, manufacture and marketing of proprietary
pollution control, fuel economy and performance enhancement products for
internal combustion engines in the global automotive, transportation,
construction, marine, mining and military industries.
Turbodyne Technologies Inc.'s headquarters and plant are located in Carpinteria,
CA; additional offices are located in Syosset, NY; Paris, France; and Frankfurt,
Germany.
Turbodyne's World Wide Web address is: www.turbodyne.com
Contacts:
Corporate Communications, Peter Weichselbraun (800) 566-1130
VP Group Finance - Investor Relations, Ken Fitzpatrick (800) 566-1130
European Business Development, Markus Kumbrink +49-69-975-44-665
