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Class Action Against Turbodyne On Behalf Of Shareholders

5 February 1999

Weiss & Yourman Announces Class Action Against Turbodyne Technologies On Behalf Of Shareholders


    LOS ANGELES--Feb. 3, 1999--Weiss & Yourman has filed a class action lawsuit on behalf of purchasers of Turbodyne Technologies Inc. securities between March 1, 1997, and Jan. 22, 1999, for violations of federal securities laws.
    Defendants include Turbodyne and certain of its officers and directors. Turbodyne designs, develops, manufactures and markets proprietary products that enhance performance and reduce emissions of internal combustion engines and manufacture aluminum cast automotive products, including engine components and aftermarket specialty wheels.
    The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things: issuing false misleading statements regarding Turbodyne's financial condition as well as its present and future business prospects.
    Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Weiss & Yourman which has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.
    If you are a member of the class described above, you may, no later than March 22, 1999, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.
    If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, contact plaintiff's counsel.