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Turbodyne Technologies Inc. Issues Follow-Up

14 July 1998

Turbodyne Technologies Inc. Issues Follow-Up To Financial Results Report

    WOODLAND HILLS, CA., July 14 /CNW-PRN/ - Turbodyne Technologies Inc. (the
``Company'') is issuing this follow-up to its
press release dated June 24, 1998 in which the Company reported its financial
results for the first quarter ended March 31, 1998 under US GAAP.
    In that release, the posted loss per share of ($0.12) for the first
quarter of 1997, and  weighted average shares used for basic and diluted loss
per share of 16,641,000 for that quarter were incorrectly stated due to an
administrative oversight.  The 16,641,000 shares represent the weighted
average shares used for basic and diluted loss per share for the year-end
1996, not the first quarter 1997.
    The correct loss per share for the first quarter of 1997 was ($0.11) and
the weighted average shares used for basic and diluted loss per share for the
first quarter of 1997 were 18,450,000.  All first quarter 1998 calculations
and reported numbers are correct.
    Management regrets any confusion this may have caused.

    TURBODYNE TECHNOLOGIES INC.

    ``Khal Kader''
    _______________
    Khal Kader, CPA
    Chief Financial Officer