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Exhibit 99.3
TURBODYNE COMPLETES CONCENTRATION OF RESOURCES,
RETAINS NEW INDEPENDENT AUDITOR
CARPINTERIA CA - JANUARY 20, 2000 - Turbodyne Technologies Inc. (EASDAQ:TRBD)
announced today that it has closed its offices in London, England and Paris,
France. The activities of these two offices are continued by Turbodyne's office
in Frankfurt, Germany. All communication should be directed to Peter Kitzinski,
General Manager Turbodyne Europe.
Messeturm, Box 23, D-60308 Frankfurt, Germany
Telephone: +49-69-975-44-501
Facsimile: +49-69-975-44-812
E-mail: [email protected]
In addition, Turbodyne has closed its New York office. The activities of this
office are continued at the Company's headquarters in Carpinteria, CA. All
communication should be directed to Ken Fitzpatrick, VP Group Finance - Investor
Relations.
6155 Carpinteria Ave., Carpinteria, CA 93013
Telephone: 800-566-1130
Facsimile: 805-566-3499
E-mail: [email protected]
Gerhard E. Delf, Turbodyne's President and Chief Executive Officer, stated,
"This move completes Turbodyne's effort to concentrate its resources at two
strategic locations, Carpinteria, CA and Frankfurt, Germany. It continues
management's commitment to focus on increased efficiency and productivity
towards reduction in operating costs."
In another development, Turbodyne has retained McGowan Gunterman, Certified
Public Accountants, located in Santa Barbara, CA, as the Company's new
independent auditor.
Turbodyne Technologies Inc., a California based high technology company,
specializes in the development, manufacture and marketing of performance
enhancement, fuel economy and pollution control products for internal combustion
engines in the global automotive, transportation, construction, marine, mining
and military industries.
Turbodyne Technologies Inc.'s headquarters is located in Carpinteria, CA; the
European business location is 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
