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[TURBODYNE LOGO]
EASDAQ MAINTAINS TURBODYNE'S SUSPENSION
CARPINTERIA, CALIFORNIA - AUGUST 21, 2000 - Turbodyne Technologies, Inc.
(EASDAQ:TRBD) reports that on August 2, 2000 EASDAQ suspended trading of the
shares of Turbodyne Technologies, Inc., pending clarification of the facts
underlying Turbodyne's press release dated August 1, 2000.
On August 17, 2000, the EASDAQ Market Authority reviewed the decision to suspend
and decided to maintain the suspension pending further investigation. Such
suspension will remain in effect until October 3, 2000, unless otherwise
determined by the Market Authority.
Turbodyne Technologies, Inc., a California based high technology company,
specializes in the development of charging technology for internal combustion
engines plus the development and manufacturing of high-tech assemblies for
electrically assisted turbochargers and superchargers. Turbodyne Technologies,
Inc.'s is located in Carpinteria, CA; the European business location is
Frankfurt, Germany. Additional information about the company is available on the
Internet at http://www.turbodyne.com.
Contacts:
Kenneth Fitzpatrick, VP Group Finance - Investor Relations: (800) 566-1130
Markus Kumbrink, Turbodyne Europe Investor Relations: +49-69-69-76-73-13
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