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Exhibit 99.4
TURBODYNE REPORTS SATISFACTION OF JUDGMENT
IN FAVOR OF GRAND TECH, INC.
CARPINTERIA, CA - JANUARY 21, 2000 - Turbodyne Technologies Inc. (EASDAQ:TRBD)
announced today that it has paid the judgment entered in favor of Grand Tech,
Inc. (formerly: Grand Technologies, Inc.) in connection with the arbitration
proceeding instituted by Grand Tech, Inc. against Turbodyne Technologies Inc.,
Turbodyne Systems Inc. and Director Edward Halimi. The satisfaction of the
judgment results in a release of Grand Tech, Inc.'s liens against Turbodyne.
Gerhard E. Delf, Turbodyne's Chief Executive Officer, stated: "The satisfaction
of the Grand Tech, Inc. judgment and arbitration award removes significant legal
obstacles that previously faced Turbodyne, and allows the Turbodyne companies to
enter the new year free and clear of the liens and ongoing legal burdens that
arose as a result of the Grand Tech, Inc. arbitration."
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
